Quick facts: Ridgefield, CT

Quick Facts

118.4
Cost of Living
above US average
24,638
Population
Crime rate Data is updating, will be available soon
Media income Data is updating, will be available soon
$1,059,000
Median House Price
above US average
$3573.64
Average Rent
above US average
Poverty rate Data is updating, will be available soon
2.5%
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 $0.

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Income Needed to Buy

βœ— Stretch
$332k/year
Based on $1,059,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $332k vs median $0
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Income Needed to Rent

⚠ Stretch
$153k/year
Based on $3573.64/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $153k vs median $0
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Ridgefield, CT

Ridgefield, Connecticut, is a picturesque town located in Fairfield County, known for its charming New England character and vibrant community. Nestled in the western part of the state, Ridgefield is approximately 50 miles from New York City, making it an attractive destination for commuters seeking a suburban lifestyle. The town boasts a rich historical background, with its origins dating back to the 1700s. Visitors can explore the historic downtown area, featuring quaint shops, restaurants, and cultural institutions. Ridgefield is also home to several parks and recreational areas, including the popular Ridgefield Lake and Ballard Park, which provide outdoor activities such as hiking, picnicking, and sports. Education is a high priority in Ridgefield, with top-rated schools serving the community. The town fosters a close-knit atmosphere with a variety of cultural events, farmer's markets, and art shows throughout the year. Ridgefield's commitment to preserving its natural beauty and rich heritage makes it a desirable place to live, work, and visit.

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