Quick facts: Danbury, CT

Quick Facts

115.3
Cost of Living
above US average
86,967
Population
13.18
Crime Rate per 1000
below US average
$79,983
Median Income
below US average
$599,000
Median House Price
above US average
$2998.9
Average Rent
above US average
9%
Poverty Rate
below US average
2.4%
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 $79,983.

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Income Needed to Buy

βœ— Stretch
$188k/year
Based on $599,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $188k vs median $79,983
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Income Needed to Rent

⚠ Stretch
$129k/year
Based on $2998.9/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $129k vs median $79,983
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Danbury, CT

Danbury, CT, located in Fairfield County, is a vibrant city known for its rich history and diverse community. Often referred to as the "Hat City" due to its once-thriving hat-making industry in the 19th and early 20th centuries, Danbury has evolved into a suburban hub offering a blend of urban amenities and suburban comfort. The city's scenic landscape features several parks, including the popular Danbury City Park and Rogers Park, providing ample recreational opportunities for residents and visitors. The Danbury Fair Mall, once the largest shopping mall in the world, remains a significant retail destination, housing a variety of shops and restaurants. Culturally, Danbury is home to the Danbury Museum & Historical Society, showcasing the city's history, and the Palace Theatre, a venue for performing arts. The city's diverse population contributes to a vibrant culinary scene, featuring a mix of international cuisines. With excellent schools and a strategic location near I-84 and Metro-North train service, Danbury offers easy access to New York City while maintaining its small-town charm. This makes it an attractive option for families and commuters alike.

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