Quick facts: Cheshire, CT

Quick Facts

114.2
Cost of Living
above US average
29,179
Population
1.71
Crime Rate per 1000
below US average
$110,000
Median Income
above US average
$654,900
Median House Price
above US average
$2500.29
Average Rent
above US average
4%
Poverty Rate
below US average
1.9%
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 $110,000.

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Income Needed to Buy

βœ— Stretch
$205k/year
Based on $654,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $205k vs median $110,000
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Income Needed to Rent

βœ“ Affordable
$107k/year
Based on $2500.29/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($110,000) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Cheshire, CT

Cheshire, located in New Haven County, Connecticut, is a charming suburban town known for its picturesque scenery and strong sense of community. Covering an area of approximately 36 square miles, Cheshire is characterized by its mix of residential neighborhoods, parks, and historical sites, making it an attractive place for families and professionals alike. The town boasts a rich history, founded in the early 1700s, with several historic buildings and sites, including the Cheshire Historic District and the Clock Tower. Residents enjoy outdoor activities at local parks, such as Bartlem Park and Cheshire Park, which feature sports fields, walking trails, and playgrounds. Cheshire is also known for its excellent school system, consistently ranking among the top in Connecticut, which adds to its appeal for families. The town's location offers easy access to major highways, making commuting to nearby cities like New Haven and Hartford convenient. With its friendly atmosphere, community events, and a blend of suburban comfort and natural beauty, Cheshire is a delightful place to live and visit in Connecticut.

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