Income needed to buy a home
New Haven County, CT
$156,640
a year in household income to buy the typical New Haven County home with 10% down.
The monthly math
Typical home value$409,375
Down payment (10%)$40,938
Loan$368,438
Principal and interest (7.40%)$2,551/mo
Property tax (2.19% a year)$746/mo
Homeowners insurance (estimate)$205/mo
Mortgage insurance$154/mo
Total monthly cost$3,655/mo
Income needed keeps housing at 28% of gross income, the lender rule of thumb.
What locals earn
Far off
The typical household here earns $86,006 a year, 55% of what it takes.
In Connecticut
New Haven County ranks #5 of 8 for the income a home takes, from least to most.
Easiest to afford in Connecticut
| County | Typical home | Income needed |
|---|---|---|
| Windham County | $377,205 | $138,659 |
| Hartford County | $388,728 | $149,628 |
| Litchfield County | $428,304 | $156,433 |
| Tolland County | $411,642 | $156,596 |
| New London County | $433,146 | $159,579 |
Typical home value from the Zillow Home Value Index, August 2026. Rate is the Freddie Mac 30-year average for Oct 8, 2026. Property tax rate is total taxes paid divided by total home value in the county (U.S. Census, ACS 2020-2024). How it works.