Housing

Arizona vs Connecticut: Home Value to Income Ratio

Connecticut has a lower home value to income ratio than Arizona.

Arizona

AZ · West

4.51x

Median home value divided by median household income.

Connecticut

CT · Northeast

Winner

3.62x

Median home value divided by median household income.

Visual comparison

Arizona4.51x

Connecticut3.62x

Difference: 0.89x — Connecticut leads.

National Rankings

Where They Rank Nationally

See where both states fall among all 50 states for home value to income ratio.

Arizona #37 · 4.51x

Connecticut #21 · 3.62x

Best Worst

10 Best States — Home Value to Income Ratio

Lower is better

West Virginia

2.38x

Iowa

2.46x

Kansas

2.78x

Mississippi

2.87x

Ohio

2.93x

Nebraska

2.94x

Arkansas

2.96x

Kentucky

2.97x

North Dakota

2.98x

#10

Indiana

3.00x

Selected states

#37

Arizona

4.51x

#21

Connecticut

3.62x

Arizona ranks 37th and Connecticut ranks 21st nationally for home value to income ratio.

Related context

Home Affordability Ratios

A price-to-income ratio above 4× is stretched; above 6× is considered severely unaffordable.

MetricArizonaConnecticut

Median Home Value $327,400 $326,200 Median Household Income $72,581 $90,213 Property Tax Rate 0.48% 1.81% Rent-to-Income Ratio 21.7% 18.9%

What this means