Cost of Living in Saugatuck, CT

With a cost of living index of 219, Saugatuck, CT is one of the most expensive cities in the United States. Living here is 119% more expensive than the national average and 93% above the Connecticut state average of 125. Saugatuck is a small community of 3,091 residents.

Housing costs are the biggest factor in Saugatuck's cost of living. The median monthly rent is $2,245 (70% above the US median of $1,319), and the median home value sits at $1,408,500 (362% above the national median of $304,900). At current prices, the median home costs roughly 6.8x the median household income — a challenging ratio that puts homeownership out of reach for many residents.

The median household income in Saugatuck is $208,242, which is 177% higher than the national median of $75,149. Residents spend roughly 13% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. While incomes are above average, they more than offset the higher cost of living.

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.