Quick facts: North branford, CT

Quick Facts

114.2
Cost of Living
above US average
14,158
Population
7.06
Crime Rate per 1000
below US average
$74,000
Median Income
below US average
$519,000
Median House Price
above US average
$2457
Average Rent
above US average
5%
Poverty Rate
below US average
2.0%
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 $74,000.

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Income Needed to Buy

βœ— Stretch
$163k/year
Based on $519,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $163k vs median $74,000
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Income Needed to Rent

⚠ Stretch
$105k/year
Based on $2457/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $105k vs median $74,000
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for North branford, CT

North Branford is a charming town located in New Haven County, Connecticut. Nestled just a few miles northeast of New Haven, it combines suburban tranquility with easy access to urban amenities. With a population of approximately 14,000 residents, North Branford boasts a tight-knit community feel and a rich heritage, evident in its historic sites and local traditions. The town features a blend of residential neighborhoods, parks, and recreational areas, making it ideal for families and outdoor enthusiasts. Notable parks include the scenic Lake Gaillard and the scenic Totoket Mountain Preserve, which offer hiking trails and natural beauty. North Branford is also known for its strong school system, providing quality education for children at all levels. The local economy is supported by a mix of small businesses, services, and proximity to larger commercial hubs in neighboring towns. Cultural events and community gatherings are common, creating a lively atmosphere for residents. Overall, North Branford offers a peaceful suburban lifestyle with the convenience of nearby urban attractions.

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