Cost of Living in Southwood Acres, CT

With a cost of living index of 101, Southwood Acres, CT is right around the national average in cost. Living here is 1% more expensive than the national average and 25% below the Connecticut state average of 125. Southwood Acres is a smaller community of 8,154 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in Southwood Acres's cost of living. The median monthly rent is $1,493 (13% above the US median of $1,319), and the median home value sits at $247,400 (19% below the national median of $304,900). At current prices, the median home costs roughly 2.3x the median household income — well within traditional affordability guidelines.

The median household income in Southwood Acres is $105,529, which is 40% higher than the national median of $75,149. Residents spend roughly 17% 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.