Cost of Living in Terryville, CT

With a cost of living index of 87, Terryville, CT is a very affordable place to live. Living here is 13% cheaper than the national average and 38% below the Connecticut state average of 125. Terryville is a smaller community of 5,112 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in Terryville's cost of living. The median monthly rent is $1,130 (14% below the US median of $1,319), and the median home value sits at $221,000 (28% below the national median of $304,900). At current prices, the median home costs roughly 3x the median household income — well within traditional affordability guidelines.

The median household income in Terryville is $73,438, which is 2% lower than the national median of $75,149. Residents spend roughly 18% 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.