Cost of Living in Stafford Springs, CT

With a cost of living index of 85, Stafford Springs, CT is a very affordable place to live. Living here is 15% cheaper than the national average and 40% below the Connecticut state average of 125. Stafford Springs is a small community of 4,801 residents.

Housing costs are the biggest factor in Stafford Springs's cost of living. The median monthly rent is $1,101 (17% below the US median of $1,319), and the median home value sits at $200,900 (34% below the national median of $304,900). At current prices, the median home costs roughly 2.8x the median household income — well within traditional affordability guidelines.

The median household income in Stafford Springs is $70,967, which is 6% lower 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. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

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.