Cost of Living in Thomaston, CT

With a cost of living index of 83, Thomaston, CT is a very affordable place to live. Living here is 17% cheaper than the national average and 42% below the Connecticut state average of 125. Thomaston is a small community of 2,073 residents.

Housing costs are the biggest factor in Thomaston's cost of living. The median monthly rent is $957 (27% below the US median of $1,319), and the median home value sits at $236,900 (22% below the national median of $304,900). At current prices, the median home costs roughly 2.9x the median household income — well within traditional affordability guidelines.

The median household income in Thomaston is $81,667, which is 9% higher than the national median of $75,149. Residents spend roughly 14% 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.