States › Connecticut › Cheshire Village

Is Cheshire Village, CT expensive to live in?

CheapRent takes 12 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,23430% lower than U.S. average
💵 Families earn per year (2026)$126,420about $10,535/month · 45% higher than U.S. average
🔑 House price$424,10027% higher than U.S. average

Rent is lower than in 73% of U.S. cities. That makes it a rare mix of above-average pay and below-average rent. A typical house costs about 3.4 years of household income. It is a highly educated city: 58.8% of adults have a college degree.

How much money do I need?

To rent here comfortably, you should earn about $49,360 a year. That is $24 an hour at a full-time job.

Is rent cheaper than other Connecticut cities?

Yes. Rent here is cheaper than in most of Connecticut. It is number 2 of 64 cities from cheapest to most expensive.

Cheshire Village
$1,234
Northford
$1,554
Simsbury Center
$2,767
Branford Center
$1,974
Hazardville
$1,688
Portland
$1,238
Sherwood Manor
$1,867

How much do households earn in Cheshire Village?

Under $25k
12.1%
$25k–50k
12.3%
$50k–100k
21.6%
$100k–150k
22.3%
$150k+
24.0%

Share of households by yearly income. 46.4% of households earn $100,000 or more.

Rent by apartment size in Cheshire Village

SizeCheshire VillageU.S. average
1 bedroom$948$1,324
2 bedrooms$1,534$1,509

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Cheshire Village overall?

Everyday prices in Connecticut overall are 4% above the U.S. average (index 103.6, U.S. = 100).

Housing
117
Goods (food, clothes…)
97
Utilities
146
Other services
103
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Cheshire Village, so the Connecticut figure is shown.

Taxes and bills in Cheshire Village

🏛️ Property tax$7,314a year · 1.72% of home value · U.S. $3,119
⚡ Electric bill$200a month (typical) · U.S. $156

Life in Cheshire Village

Commute to work26.9 minU.S.: 26.4 min
College degree58.8%U.S.: 35.7%
Own their home71.6%U.S.: 65.2%
Below poverty line7.3%U.S.: 12.5%
Unemployment3.4%U.S.: 5.2%

Is it cheaper to rent or buy in Cheshire Village?

Renting is cheaper right now: about $1,709 a month less.

Renting
$1,234
Owning
$2,943

Owning assumes a typical $424,100 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $42,410 for the down payment.

Frequently asked questions

What is the average rent in Cheshire Village, CT?

Renting in Cheshire Village costs a median of about $1,234 a month in 2026, including utilities. The Connecticut median is $1,920.

How much do I need to make to live in Cheshire Village?

To keep rent under 30% of income, you need about $49,360 a year, or $24 an hour at a full-time job.

Is Cheshire Village cheap or expensive?

Cheshire Village is rated Cheap: rent takes 11.7% of the typical household income of $126,420. It ranks 2nd cheapest of 64 Connecticut cities we track.

How much are property taxes in Cheshire Village?

The median homeowner in Cheshire Village pays $7,314 a year in property taxes, about 1.72% of the median home value.

Is Cheshire Village more expensive than the national average?

Overall prices in Connecticut are 4% above the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Cheshire Village?

The median home value in Cheshire Village is $424,100, about 3.4 times the typical yearly household income.

6,172 people live in Cheshire Village. Numbers are typical (middle) values.