How Much House Can I Afford on a 110k Income in Connecticut?
With a 110k income, you're right on target for purchasing a home in Connecticut. Financial advisors recommend spending about 3 to 4 times your annual income on a home, which translates to a budget between $330,000 and $440,000.
In Hartford, the median home price is approximately $350,000, fitting neatly within your target range. This balance ensures a wide variety of quality homes are available to you.
Additionally, other cities like New Haven and Stamford offer appealing options at around $400,000. With a property tax rate of 2.2%—amounting to roughly $7,700 per year—and a cost of living significantly above the national average, your income comfortably supports homeownership across the state.