Quick facts: Stamford, CT

Quick Facts

114.2
Cost of Living
above US average
136,188
Population
15.18
Crime Rate per 1000
below US average
$100,718
Median Income
above US average
$625,000
Median House Price
above US average
$2757.58
Average Rent
above US average
9%
Poverty Rate
below US average
2.6%
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 $100,718.

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Income Needed to Buy

βœ— Stretch
$196k/year
Based on $625,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $196k vs median $100,718
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Income Needed to Rent

⚠ Stretch
$118k/year
Based on $2757.58/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $118k vs median $100,718
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Stamford, CT

Stamford, Connecticut, is a vibrant city located in Fairfield County, known for its rich history and diverse culture. As one of the largest cities in Connecticut, Stamford boasts a mix of urban amenities and suburban charm. The city features a picturesque waterfront along Long Island Sound, offering beautiful parks and recreational areas, such as Cove Island Park and Stamford Harbor. Stamford is recognized for its booming business sector, housing numerous corporate headquarters and a thriving financial district, making it a hub for professionals. The city's economy has diversified in recent years, encompassing industries like technology, healthcare, and media. Culturally, Stamford offers a variety of attractions, including theaters, museums, and art galleries. The Stamford Town Center is a popular shopping destination, while the city's dining scene features a wide array of restaurants reflecting diverse cuisines. Additionally, Stamford is well-connected by public transportation, including Metro-North Railroad, which provides easy access to New York City. With its blend of urban living, outdoor activities, and community events, Stamford is an attractive place to live, work, and visit.

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