Although Connecticut is the third smallest state in the nation, it is filled with incredible sights and splendid architecture. From its massive waterfalls to the sandy shorelines and breathtaking forests, Connecticut is a state of big cities and quiet, rural communities. NewHomeSource has found the top 10 most affordable cities in Connecticut, making it easy to find the perfect city to live in.
Home Price to Income Ratio: 2.92%
Average Property Tax: $4,005
Median Household Income: $58,843
Meriden is the most affordable city in Connecticut. Situated between Boston and New York City makes it a convenient place to live. Folks who are looking for a city with ample outdoor space will love Meriden. Hubbard Park, Giuffrida Park, and Meriden Lions Club Park are a few places to enjoy the beautiful views Meriden has to offer.
Home Price to Income Ratio: 4.56%
Average Property Tax: $3,769
Household Income: $36,278
Hartford, the state capital, is the second most affordable city. Those who choose to make their home in Hartford can spend their days relaxing at Elizabeth Park, admiring the Wadsworth Atheneum Museum, enjoying live performances at the Bushnell Performing Arts Center, or eating delicious food in the downtown area.
3. New Britain
Home Price to Income Ratio: 3.46%
Average Property Tax: $3,666
Household Income: $46,499
New Britain has something everyone can enjoy. You can spend hours in museums, beautiful parks, and dining in delicious restaurants. Avery’s Beverages is a unique100 year-old business where folks can enjoy premium sodas with sparkling flavors.
Home Price to Income Ratio: 2.43%
Average Property Tax: $2,951
Median Household Income: $63,172
Torrington sits in the hills of northwest Connecticut. It has a thriving downtown district where locals can enjoy art galleries, restaurants, cafes, museums, and more. Additionally, there are beautiful parks where you can hike, swim, boat, or fish.
Home Price to Income Ratio: 3.08%
Average Property Tax: $3,045
Median Household Income: $42,401
Waterbury is a charming city known primarily for its brass production. Those who decide to live in Waterbury can spend their days relaxing at Hop Brook Lake, learning about the city’s rich history at Mattatuck Museum Arts and History Center, or enjoying the scenery at Library Park.
Home Price to Income Ratio: 2.88%
Average Property Tax: $3,038
Median Household Income: $57,052
Three majestic rivers in Norwich flow into the city, forming its harbor. The best place to observe this convergence is at Yantic Falls. In addition to the spectacular scenery, Norwich has a rich history, and many artifacts have been preserved in city museums.
Home Price to Income Ratio: 2.93%
Average Property Tax: $4,510
Median Household Income: $67,507
One noteworthy fact about Bristol is that it is home to ESPN. Additionally, there are many unique things to do and see, such as Lake Compounce, billed as New England’s leading theme and water park. Enjoy some of the city parks, museums, and restaurants Bristol has to offer.
8. New London
Home Price to Income Ratio: 3.93%
Average Property Tax: $3,365
Median Household Income: $46,298
Those looking to move to a seaside town will love New London. It offers some of the most stunning waterside views in Connecticut. Residents spend their days strolling through Ocean Beach Park, taking a cruise out of New London’s Harbor, or connecting with nature at the Connecticut College Arboretum.
Home Price to Income Ratio: 4.2%
Average Property Tax: $4,103
Median Household Income: $52,859
Groton is a small charming city nestled between the Thames and Mystic Rivers. From learning about the extensive history of Groton to hiking the beautiful trails at Bluff Point State Park, locals can always find an abundance of exciting activities.
Home Price to Income Ratio: 3.74%
Average Property Tax: $3,057
Median Household Income: $46,662
Cities with Best Home-Price-to-Income Ratio
Bridgeport is another seaside town located only about an hour from New York City. Those who decide to live here can visit Beardsley Zoo, zip line at The Adventure Park, and enjoy the beautiful views at Seaside Park Lighthouse.
The list above is sorted by the lowest overall cost of living index. However, the following states have the lowest home price to income ratio, meaning you can get more home for your money.
Drew Port is a writer for NewHomeSource. She writes on the homebuying process, as well as informing readers on homeownership.