Living in Cornwall, Connecticut
Cost of living, income, home prices, rent and demographics of Cornwall · Census data 2020–2024
Cornwall has 1,425 residents with a median age of 53.9. The median household income is $128,864 (35% higher than the Connecticut median), the median home value is $554,600, the median rent is $1,047/month.
Cornwall is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Cornwall at a glance
- Population
- 1,425
- Median age
- 53.9State: 41.1
- Median household income
- $128,864State: $95,781
- Median home value
- $554,600State: $366,900
- Median rent
- $1,047/moState: $1,488
- Homeowners
- 87.3%
- Bachelor's degree or higher
- 59.1%
- Average commute
- 30 min
Is Cornwall a good place to live?
Pros: Median household income 35% higher than the Connecticut median; a poverty rate of 8.2%.
Cons: Home values 51% higher than the state median; an average commute of 30 minutes; unemployment of 6.5%.
The weather is best in May–June and August–September.
Cost of living in Cornwall
Housing is the biggest part of the cost of living. In Cornwall the median home value is $554,600, 67% higher than the U.S. median. Renters pay a median of $1,047 per month, which is 26.7% of household income. Homeowners with a mortgage pay $2,827 a month in housing costs.
Cornwall median household income
The median household income in Cornwall is $128,864 and the income per person is $71,490. 8.2% of residents live below the poverty line (Connecticut: 10%).
Housing in Cornwall: homes for sale and rent
- Housing units
- 1,011
- Owner-occupied
- 87.3%
- Renter-occupied
- 12.7%
- Vacant
- 35.5%Includes seasonal homes
- Median year built
- 1959
- Average household size
- 2.19
35.5% of homes are vacant most of the year, a sign that Cornwall has many vacation and second homes.
Cornwall demographics
- Population
- 1,425
- Median age
- 53.9
- Under 18
- 14.9%
- 65 and older
- 29.4%
- Households
- 652
- Foreign-born
- 5.5%
- Veterans
- 5.2%Adults 18+
Hispanic or Latino can be of any race. Population history of Cornwall ›
Education in Cornwall
59.1% of adults 25 and older in Cornwall have a bachelor's degree or higher (Connecticut: 42.5%), and 30.3% have a graduate or professional degree.
Jobs and commute in Cornwall
- Unemployment rate
- 6.5%State: 5.6%
- Average commute
- 30 minState: 27 min
- Work from home
- 32.4%
- Drive alone
- 49.7%
- Public transit
- 5.3%
- Walk to work
- 6.6%
- Homes with broadband
- 96.5%
Cornwall vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Cornwall | 1,425 | $128,864 | $554,600 | $1,047 |
| Goshen | 3,196 | $152,093 | $482,400 | $1,250 |
| Sharon | 2,723 | $100,518 | $590,700 | $1,750 |
| Falls Village | 410 | $53,750 | $445,700 | $2,074 |
| Warren | 1,415 | $134,583 | $450,000 | — |
| Canaan | 1,175 | $89,632 | $469,400 | $1,830 |
| Lakeville | 510 | $163,375 | $868,200 | — |
| Litchfield | 1,251 | $109,773 | $409,000 | $1,432 |
| Torrington | 35,547 | $70,856 | $215,500 | $1,169 |
More for people moving to Cornwall
Cornwall ZIP code ›Weather and climate ›Living in Cornwall: FAQ
What is the median household income in Cornwall, CT?
The median household income in Cornwall is $128,864, 35% higher than the Connecticut median of $95,781 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Cornwall?
The median home value in Cornwall is $554,600, compared with $366,900 in Connecticut.
How much is rent in Cornwall?
The median gross rent in Cornwall is $1,047 per month, about 26.7% of household income.
Is Cornwall, CT a good place to live?
Pluses: median household income 35% higher than the Connecticut median; a poverty rate of 8.2%. Minuses: home values 51% higher than the state median; an average commute of 30 minutes; unemployment of 6.5%.
What is the median age in Cornwall?
The median age in Cornwall is 53.9 years (Connecticut: 41.1).
How long is the commute in Cornwall?
The average commute to work in Cornwall is 30 minutes; 32.4% of workers work from home.
What is the unemployment rate in Cornwall?
The unemployment rate in Cornwall is 6.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Cornwall?
59.1% of adults in Cornwall have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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