Cost of Living in Stratford Downtown, CT

With a cost of living index of 97, Stratford Downtown, CT is slightly more affordable than average. Living here is 3% cheaper than the national average and 29% below the Connecticut state average of 125. Stratford Downtown is a small community of 1,758 residents.

Housing costs are the biggest factor in Stratford Downtown's cost of living. The median monthly rent is $1,245 (6% below the US median of $1,319), and the median home value sits at $291,300 (4% below the national median of $304,900). At current prices, the median home costs roughly 3.9x the median household income — a moderately affordable ratio by today's standards.

The median household income in Stratford Downtown is $73,875, which is 2% lower than the national median of $75,149. Residents spend roughly 20% 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.