Quick facts: New haven, CT

Quick Facts

110.2
Cost of Living
above US average
138,915
Population
44.3
Crime Rate per 1000
above US average
$54,305
Median Income
below US average
$415,000
Median House Price
above US average
$2439.28
Average Rent
above US average
19%
Poverty Rate
above US average
3.5%
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 $54,305.

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Income Needed to Buy

βœ— Stretch
$130k/year
Based on $415,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $130k vs median $54,305
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Income Needed to Rent

⚠ Stretch
$105k/year
Based on $2439.28/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $105k vs median $54,305
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for New haven, CT

New Haven, Connecticut, is a historic coastal city known for its vibrant culture and educational significance. As the home of Yale University, one of the Ivy League institutions, the city boasts a rich tapestry of academic life, arts, and innovation. Visitors can explore the Yale Art Gallery and the Peabody Museum of Natural History, which showcase extensive collections and fascinating exhibits. The city's architecture is a blend of colonial, Victorian, and modern styles, with notable landmarks such as the New Haven Green, a central park surrounded by churches and government buildings, and the iconic Shubert Theater, which hosts numerous performances throughout the year. New Haven is also famous for its culinary scene, particularly its style of pizza, known as "apizza," which has garnered a loyal following. Additionally, New Haven is a hub for various festivals and community events, fostering a strong sense of local identity. With its unique blend of culture, education, and history, New Haven is a dynamic city that attracts residents and visitors alike.

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