Cost of Living in Oxoboxo River, CT

With a cost of living index of 93, Oxoboxo River, CT is slightly more affordable than average. Living here is 7% cheaper than the national average and 33% below the Connecticut state average of 125. Oxoboxo River is a small community of 2,912 residents.

Housing costs are the biggest factor in Oxoboxo River's cost of living. The median monthly rent is $1,272 (4% below the US median of $1,319), and the median home value sits at $231,100 (24% below the national median of $304,900). At current prices, the median home costs roughly 2.9x the median household income — well within traditional affordability guidelines.

The median household income in Oxoboxo River is $78,415, which is 4% higher than the national median of $75,149. Residents spend roughly 19% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.