Quick facts: Meriden, CT

Quick Facts

114.2
Cost of Living
above US average
60,242
Population
19.65
Crime Rate per 1000
below US average
$63,671
Median Income
below US average
$330,000
Median House Price
above US average
$1828.8
Average Rent
above US average
10%
Poverty Rate
below US average
3.2%
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 $63,671.

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Income Needed to Buy

βœ— Stretch
$104k/year
Based on $330,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $104k vs median $63,671
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Income Needed to Rent

⚠ Stretch
$78k/year
Based on $1828.8/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $78k vs median $63,671
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Meriden, CT

Meriden is a city located in New Haven County, Connecticut, known for its rich history and diverse community. Situated midway between Hartford and New Haven, it offers residents and visitors easy access to both urban centers while maintaining a small-town feel. Meriden boasts several parks and recreational areas, including the 1,250-acre Hubbard Park, which features beautiful landscapes, hiking trails, and views from its iconic castle-like structure atop Hanging Hills. The city is also home to numerous cultural assets, including the Meriden Public Library and various art organizations that promote local talent. Meriden's economy has evolved from its industrial roots, with a mix of retail, manufacturing, and healthcare industries contributing to growth. Transportation options are convenient, with major highways such as I-91 and I-691 nearby, alongside a commuter rail service that connects to larger Connecticut cities. Meriden is known for its strong sense of community, with numerous events, festivals, and local markets that celebrate its cultural diversity and heritage. Overall, Meriden is a vibrant city that offers a blend of historical charm and modern amenities.

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