What is the median household income in Sharon, CT?
The median household income in Sharon, CT is $100,518 (±$14,994) a year (2020–2024 American Community Survey).
Paying the median gross rent of $1,750 a month would take about $70,000 a year at the common guideline of spending no more than 30% of income on rent.
In Sharon, the median household income went from $81,919 in 2015–2019 to $100,518 in 2020–2024 (+22.7%).
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
- $100,518 (±$14,994)
- Income to afford median rent
- about $70,000
Income in Sharon against Northwest Hills Planning Region, its state and the nation
| Sharon | Northwest Hills Planning Region | Connecticut | United States | |
|---|---|---|---|---|
| Median household income | $100,518 (±$14,994) | $93,551 (±$3,107) | $95,781 (±$732) | $80,734 |
| Median renter household income | — | $53,459 (±$3,980) | $52,072 (±$906) | $52,966 |
| Median owner household income | $112,430 (±$39,552) | $108,761 (±$4,098) | $125,125 (±$969) | $100,009 |
| Median gross rent | $1,750 (±$1,195) | $1,193 (±$33) | $1,488 (±$10) | $1,413 |
In Sharon, median household income is not measurably different from Northwest Hills Planning Region ($93,551).
It is not measurably different from Connecticut ($95,781).
It is higher than the national figure ($80,734).
In Northwest Hills Planning Region, Sharon ranks 15 of 21 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 114 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 Sharon
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 $1,750 a month ($21,000 a year) needs an income of about $70,000 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 | $81,919 (±$14,855) | $100,518 (±$14,994) | +22.7% | No measurable change after inflation |
| Median gross rent | $954 (±$179) | $1,750 (±$1,195) | +83.4% | No measurable change after inflation |
| Median home value | $374,100 (±$40,395) | $590,700 (±$156,478) | +57.9% | 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 Sharon
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Sharon | — | $100,518 (±$14,994) | — |
| Town of Amenia | 6.0 mi | $76,426 (±$14,922) | Lower |
| Cornwall | 6.2 mi | $128,864 (±$34,096) | Not measurably different |
| Village of Millerton | 7.3 mi | $83,090 (±$7,846) | Lower |
| Town of North East | 7.7 mi | $84,757 (±$24,956) | Not measurably different |
| Salisbury | 8.8 mi | $124,256 (±$25,966) | Not measurably different |
| Kent | 9.1 mi | $96,064 (±$16,054) | Not measurably different |
| Canaan | 10 mi | $89,632 (±$25,455) | Not measurably different |
| Warren | 10 mi | $134,583 (±$33,453) | Not measurably different |
Nearby places with a measurably lower figure: Town of Amenia, NY ($76,426), Village of Millerton, NY ($83,090).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Northwest Hills Planning Region, place by place
| Rank | Place | Median household income |
|---|---|---|
| 9 | Hartland | $113,375 (±$13,472) |
| 10 | Colebrook | $111,250 (±$17,080) |
| 11 | New Hartford | $109,695 (±$20,492) |
| 12 | Morris | $109,191 (±$25,202) |
| 13 | Litchfield | $102,609 (±$15,694) |
| 14 | Washington | $101,549 (±$16,301) |
| 15 | Sharon | $100,518 (±$14,994) |
| 16 | Kent | $96,064 (±$16,054) |
| 17 | Norfolk | $91,548 (±$16,182) |
| 18 | Canaan | $89,632 (±$25,455) |
| 19 | North Canaan | $71,976 (±$26,329) |
| 20 | Torrington | $70,856 (±$4,937) |
| 21 | Winchester | $66,519 (±$11,612) |
Showing 13 of 21 places in Northwest Hills Planning Region, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
What you can do on Seayora in Sharon
One account for renting, owning, managing and fixing homes, with these figures beside you.
Own or manage a rental?
List it, sign the lease and collect rent online, with the figures for Sharon beside you.
Create a landlord account · See what landlords get
Looking for a place to rent?
Browse homes for rent near Sharon, save the ones you like and apply online.
Browse rentals · Create a renter account
Do repairs, renovations or maintenance?
Get found by owners and renters near Sharon, and send estimates and invoices from your phone.
Questions about Sharon
What is the median household income in Sharon?
The median household income in Sharon is $100,518 (±$14,994) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Sharon?
About $70,000 a year, if rent is to stay at or below 30% of income at the median gross rent of $1,750 a month.
Have incomes in Sharon kept up with inflation?
In Sharon, the median household income went from $81,919 in 2015–2019 to $100,518 in 2020–2024 (+22.7%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Sharon town, Northwest Hills Planning Region, Connecticut
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Sharon town, Northwest Hills Planning Region, Connecticut
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Sharon town, Northwest Hills 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 Sharon town, Northwest Hills Planning Region, Connecticut (county subdivision:67960, in state:09 county:160).
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 Sharon at a glance
- Renters and owners in Sharon
- Home values in Sharon
- Homeowner costs in Sharon
- Property taxes in Sharon
- Types of homes in Sharon
- Bedrooms in Sharon
- Age of homes in Sharon
- Heating fuel in Sharon
- Commute and cars in Sharon
- Population growth in Sharon
- How long people stay in Sharon
- Connecticut landlord and tenant rules
- Housing across Northwest Hills Planning Region
- Connecticut places ranked by median household income
- Housing data for every place in Connecticut