What is the median household income in Portland, CT?
The median household income in Portland, CT is $118,929 (±$15,490) a year (2020–2024 American Community Survey).
Paying the median gross rent of $1,129 a month would take about $45,200 a year at the common guideline of spending no more than 30% of income on rent.
In Portland, the median household income went from $99,292 in 2015–2019 to $118,929 in 2020–2024 (+19.8%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median household income
- $118,929 (±$15,490)
- Median renter income
- $50,692 (±$17,840)
- Income to afford median rent
- about $45,200
Income in Portland against Lower Connecticut River Valley Planning Region, its state and the nation
| Portland | Lower Connecticut River Valley Planning Region | Connecticut | United States | |
|---|---|---|---|---|
| Median household income | $118,929 (±$15,490) | $104,428 (±$2,975) | $95,781 (±$732) | $80,734 |
| Median renter household income | $50,692 (±$17,840) | $58,403 (±$5,185) | $52,072 (±$906) | $52,966 |
| Median owner household income | $129,549 (±$17,865) | $125,318 (±$3,903) | $125,125 (±$969) | $100,009 |
| Median gross rent | $1,129 (±$62) | $1,454 (±$44) | $1,488 (±$10) | $1,413 |
In Portland, median household income is not measurably different from Lower Connecticut River Valley Planning Region ($104,428).
It is also higher than in Connecticut ($95,781).
It is higher than the national figure ($80,734).
In Lower Connecticut River Valley Planning Region, Portland ranks 7 of 17 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 65 of 169.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How much you need to earn to rent in Portland
Many landlords and housing programs use 30% of gross income as the most a household should spend on rent.
At that guideline, the median gross rent of $1,129 a month ($13,548 a year) needs an income of about $45,200 a year.
The median renting household in Portland earns $50,692 a year.
This is arithmetic on the published medians, not a rule any landlord must follow; screening criteria vary and some places limit how income may be weighed.
Income against housing costs since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median household income | $99,292 (±$11,749) | $118,929 (±$15,490) | +19.8% | No measurable change after inflation |
| Median gross rent | $1,115 (±$99) | $1,129 (±$62) | +1.3% | Down after inflation |
| Median home value | $252,600 (±$15,475) | $337,400 (±$35,721) | +33.6% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median household income in places near Portland
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Portland | — | $118,929 (±$15,490) | — |
| Cromwell | 3.9 mi | $110,596 (±$9,921) | Not measurably different |
| Lake Pocotopaug | 4.5 mi | $118,150 (±$22,372) | Not measurably different |
| East Hampton | 4.6 mi | $124,577 (±$10,738) | Not measurably different |
| Middletown | 4.9 mi | $79,438 (±$5,516) | Lower |
| Rocky Hill | 5.5 mi | $99,941 (±$8,909) | Lower |
| East Hampton (community) | 5.7 mi | $123,929 (±$36,767) | Not measurably different |
| Glastonbury | 6.7 mi | $157,192 (±$13,747) | Higher |
| Glastonbury Center | 7.1 mi | $107,357 (±$37,332) | Not measurably different |
Nearby places with a measurably lower figure: Middletown, CT ($79,438), Rocky Hill, CT ($99,941).
Nearby places with a measurably higher figure: Glastonbury, CT ($157,192).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Lower Connecticut River Valley Planning Region, place by place
| Rank | Place | Median household income |
|---|---|---|
| 1 | Durham | $158,857 (±$7,311) |
| 2 | Killingworth | $140,655 (±$16,359) |
| 3 | Lyme | $135,000 (±$21,753) |
| 4 | Old Lyme | $131,899 (±$11,250) |
| 5 | Clinton | $124,824 (±$13,697) |
| 6 | East Hampton | $124,577 (±$10,738) |
| 7 | Portland | $118,929 (±$15,490) |
| 8 | Haddam | $114,426 (±$15,147) |
| 9 | Old Saybrook | $114,333 (±$16,577) |
| 10 | Cromwell | $110,596 (±$9,921) |
| 11 | Chester | $109,191 (±$18,195) |
| 12 | East Haddam | $107,861 (±$8,886) |
| 13 | Essex | $104,395 (±$6,626) |
Showing 13 of 17 places in Lower Connecticut River Valley Planning Region, ranked from highest to lowest.
The figures for Portland include the places inside it that have pages of their own: Portland (community).
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Portland
What is the median household income in Portland?
The median household income in Portland is $118,929 (±$15,490) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Portland?
About $45,200 a year, if rent is to stay at or below 30% of income at the median gross rent of $1,129 a month.
Have incomes in Portland kept up with inflation?
In Portland, the median household income went from $99,292 in 2015–2019 to $118,929 in 2020–2024 (+19.8%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
What do renters earn in Portland?
The median renting household in Portland, CT earns $50,692 (±$17,840) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Portland town, Lower Connecticut River Valley Planning Region, Connecticut
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Portland town, Lower Connecticut River Valley Planning Region, Connecticut
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Portland town, Lower Connecticut River Valley Planning Region, Connecticut
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Portland town, Lower Connecticut River Valley Planning Region, Connecticut (county subdivision:61800, in state:09 county:130).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B19013_001E, B19013_001M, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP03_0062E, DP03_0062M, B25119_003E, B25119_003M, B25119_002E, B25119_002M, DP04_0134E, DP04_0134M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Portland at a glance
- Median rent in Portland
- Rent by bedrooms in Portland
- Rent burden in Portland
- Renters and owners in Portland
- Home values in Portland
- Homeowner costs in Portland
- Property taxes in Portland
- Types of homes in Portland
- Bedrooms in Portland
- Age of homes in Portland
- Heating fuel in Portland
- Commute and cars in Portland
- Crime reported to police in Portland
- Population growth in Portland
- How long people stay in Portland
- Crowding and facilities in Portland
- Fair Market Rent in Portland
- Connecticut landlord and tenant rules
- Housing across Lower Connecticut River Valley Planning Region
- Connecticut places ranked by median household income
- Housing data for every place in Connecticut