Cost of Living in Stonington, CT

With a cost of living index of 146, Stonington, CT is one of the most expensive cities in the United States. Living here is 46% more expensive than the national average and 21% above the Connecticut state average of 125. Stonington is a small community of 934 residents.

Housing costs are the biggest factor in Stonington's cost of living. The median monthly rent is $1,433 (9% above the US median of $1,319), and the median home value sits at $824,700 (170% above the national median of $304,900). At current prices, the median home costs roughly 8x the median household income — a challenging ratio that puts homeownership out of reach for many residents.

The median household income in Stonington is $103,333, which is 38% 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. While incomes are above average, they do not fully 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.