Quick facts: Middletown, CT

Quick Facts

114.2
Cost of Living
above US average
48,729
Population
13.36
Crime Rate per 1000
below US average
$75,120
Median Income
below US average
$369,900
Median House Price
above US average
$1791.12
Average Rent
above US average
9%
Poverty Rate
below US average
2.9%
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 $75,120.

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Income Needed to Buy

βœ— Stretch
$116k/year
Based on $369,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $116k vs median $75,120
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Income Needed to Rent

⚠ Stretch
$77k/year
Based on $1791.12/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $77k vs median $75,120
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Middletown, CT

Middletown, Connecticut, is a charming city located in Middlesex County, situated along the Connecticut River. Known for its rich history and vibrant community, Middletown offers a unique blend of urban and suburban living. The city is home to a variety of cultural attractions, including parks, art galleries, and theaters, making it a hub for arts and entertainment. One of Middletown's most notable features is Wesleyan University, a prestigious liberal arts college that contributes to the city's youthful vibe and cultural richness. The downtown area features a mix of shops, restaurants, and cafes, making it a popular destination for both locals and visitors. The city boasts several parks and recreational areas, such as the scenic Harbor Park along the river and the expansive Wadsworth Falls State Park, ideal for outdoor activities. With a strong sense of community and various events throughout the year, including farmers' markets and festivals, Middletown embodies a welcoming atmosphere that appeals to residents and newcomers alike. Overall, Middletown offers a harmonious blend of education, culture, and nature, making it a delightful place to live and visit.

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