Census: In Connecticut, Renting Is Cheaper Than Owning
Paying rent in Connecticut is much cheaper than paying off a mortgage for a home.
That’s according to a recent analysis of the U.S. Census Bureau data.
The survey uses five-year estimates that show that renting is at least $850 cheaper per month than owning a home in Connecticut's five major metro areas.
The Bridgeport metro area had the greatest difference between renting and owning a home in the state. A mortgage typically costs $2,815 a month in Fairfield County while rent is around $1,500.