Cost of Living in New Haven, CT
Is it worth moving here?
How far does a $70,000 salary go in New Haven? Estimated income taxes on that gross salary total approximately $10,341 per year — combining federal taxes with Connecticut's state income tax. Subtract rent for a 2-bedroom apartment ($1,969/month based on HUD Fair Market Rents for the New Haven metro area) and the estimated annual take-home is $36,031, or roughly $3,003 per month for everything else: food, transportation, savings, and discretionary spending.
The New Haven metro has a cost of living index of 124.1 according to the Bureau of Economic Analysis Regional Price Parities (national average = 100). At 24% above average, New Haven is a noticeably expensive metro — groceries, services, and everyday purchases cost more than in most of the country.
At a $70,000 salary, the estimated 2-bedroom rent in New Haven represents approximately 34% of gross income. That exceeds the conventional 30% guideline, meaning housing takes a significant share of the budget at this income level.
Annual Breakdown
Cost of Living Index
Living in New Haven, CT is roughly 24% more expensive than the national average.
Monthly Take-Home
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Affordability Score
K-12 Schools
See Details →Colleges & Universities
See Details →| Institution | Enrollment | In-State Tuition | Grad Rate |
|---|---|---|---|
| Yale University | 15,081 | $64,700 | 96.0% |
| Branford Academy of Hair and Cosmetology | 39 | $0 | 83.0% |
| Quinnipiac University | 8,918 | $50,400 | 77.0% |
| TIGI Hairdressing Academy Guilford | 63 | $0 | 75.0% |
| Academy Di Capelli-School of Cosmetology | 188 | $0 | 74.0% |
| Paul Mitchell the School-North Haven | 191 | $0 | 66.0% |
| University of New Haven | 9,830 | $44,100 | 59.0% |
| Southern Connecticut State University | 8,820 | $6,664 | 48.0% |
| Albertus Magnus College | 1,161 | $38,424 | 46.0% |
| Porter & Chester Institute of Hamden | 333 | $14,576 | 43.0% |