Quick facts: Ellington, CT

Quick Facts

114.2
Cost of Living
above US average
16,299
Population
12.7
Crime Rate per 1000
below US average
$103,139
Median Income
above US average
$325,000
Median House Price
above US average
$2200.0
Average Rent
above US average
4%
Poverty Rate
below US average
2.3%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $103,139.

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Income Needed to Buy

βœ“ Affordable
$102k/year
Based on $325,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($103,139) exceeds requirement
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Income Needed to Rent

βœ“ Affordable
$94k/year
Based on $2200.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($103,139) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Ellington, CT

Ellington is a charming town located in Tolland County, Connecticut. Known for its small-town atmosphere and rich agricultural heritage, Ellington features scenic landscapes, including farms, forests, and lakes. The town's history dates back to the 18th century, and it offers a mix of rural and suburban living with a close-knit community feel. The town is home to several parks and recreational areas, such as Crystal Lake Park, which provides opportunities for fishing, hiking, and picnicking. Ellington's local economy is bolstered by small businesses, farms, and local artisans, reflecting its agrarian roots. Education is a priority, with well-regarded public schools serving the community. The town hosts various events throughout the year, including farmers' markets, seasonal festivals, and community gatherings that foster engagement among residents. Ellington's location provides convenient access to nearby Hartford and Manchester, making it an attractive spot for commuters. The town maintains a balance of tranquility and accessibility, making it an ideal place for families seeking a peaceful lifestyle.

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