Cost of Living & Housing in Ledyard
Ledyard's cost of living centers on genuinely above-statewide-average household income and home values, offset by a mill rate and computed property tax rate that both run above Connecticut's statewide averages.
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Learn moreHome values above the state figure, with a real cross-source spread
Ledyard's Zillow home-value index runs approximately $423,345 (+7.3% year-over-year), while a separately cited Realtor.com figure ran higher (approximately $464,900 in January 2026) and a RealtyTrac estimate ran modestly lower (approximately $408,837) -- a real, disclosed spread to confirm directly with a local agent (base record).
A 37.14 mill rate and a computed 2.60% effective property tax rate
Ledyard's own mill rate (37.14 for FY2025-2026, real estate/personal property) runs above Connecticut's statewide average mill rate of approximately 28.22. Applying Connecticut's statutory 70% assessment ratio, this record computes an effective rate of approximately 2.60% of market value -- above the state's own 1.81% statewide average effective rate (base record).
Connecticut's 6.99% top income tax rate and flat 6.35% sales tax
Connecticut's real, current top marginal individual income tax rate is 6.99% within a graduated seven-bracket structure, alongside a flat 6.35% state sales tax with no local-option city/county add-ons anywhere in the state, and a real Social Security exemption for most retirees (base record).
Above-average household income, alongside rising statewide insurance costs
Ledyard's median household income (approximately $111,564, 2024) runs genuinely above Connecticut's own statewide median, though no Ledyard-specific homeowners-insurance figure was found this pass -- Connecticut's statewide average premium ran approximately $2,252/year in 2026, up from $2,204 in 2025 (base record).
Key takeaways
- Ledyard's Zillow home-value index runs approximately $423,345, with a real, disclosed cross-source spread ($408,837-$464,900) across other cited figures.
- Ledyard's 37.14 mill rate and computed 2.60% effective property tax rate both run above Connecticut's statewide averages.
- Connecticut's 6.99% top income tax rate and flat 6.35% sales tax apply in Ledyard as they do statewide.
- Ledyard's median household income (approximately $111,564) runs genuinely above Connecticut's statewide median.
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