Connecticut Retirement Guide

Whether you are currently living in Connecticut or whether you are thinking about moving there, you can find the best places to retire in Connecticut on this website. The Nutmeg State (2015 population just under 3.6 million) has much to offer active adults in retirement. Some 17.7% of the population is 65 or over, slightly higher than the total U.S. It has 4 seasons, a great train system that can zip you to New York or Boston in just a short time, and it has the New England charm and history that is famous around the world. Despite these charms, in 2014 Topretirements named CT as one of the 10 worst states for retirement. Updated Aug. 2021


The Connecticut climate is called humid-continental. There are big changes in temperature throughout the year, otherwise known as 4 seasons. The climate along Long Island Sound is 1 zone more temperate than just 10 miles inland. The northern portion of the state tends to have more extreme winters.

Economy and Home Prices
Connecticut's manufacturing base has been seriously eroded and the state struggles to make ends meet. Still, inflation adjusted 2019 household income of over $78,444 is one of the highest of any state (U.S. HH income was $62,843).  Median home prices can differ widely by area. The median home value in the state was $322,724 in mid 2021 according to In Greenwich a starter home is over $1 million, whereas the 1st quarter of 2021 median price in the Hartford/West Hartford area was $275,600 and New Haven $275,700 - well under the national median of $319,200 (NAR). CT is expensive, it has the 8th highest cost of living of any state.


Tax Burden: Connecticut is one of the highest taxed states in the country in spite of a wealthy population and significant revenues from the state's Indian casinos. In 2019 the state had the 2nd highest state/local tax burden of any state at 12.8% according the Tax Foundation.

Marginal Income Tax Rates. Its top marginal income tax rate is 6.99% kicking in at just over $500,000 for single filers and $1 million for couples.  See this page for Tax Information for Seniors. The personal exemption is a relatively high $12,000.

Retirement Income Exemptions. Military pensions are exempt. Taxation of other pensions is being phased out and will end by 2025 for couples with AGI under $100,000.

Social security exemption. Social security income is exempt on couples with adjusted gross income of $100,000 or less.

Sales Tax:  State sales tax is 6.35%.

Property Taxes: Property taxes can be quite high in many communities. According to the state has the 7th highest median property tax at $4738 annually.

Homestead Exemption. Homeowners can exempt up to $75,000 of their home or other property covered by the exemption. The exemption program applies to seniors and the disabled, but there are income restrictions.

Estate and/or Inheritance Taxes. Connecticut imposes an estate tax which taxes estates valued at over $2 million.  The tax starts at 10.8% and goes to 12% It 2023 it will go to a flat rate of 12%.

Link to Connecticut Department of Revenue. Here is information about the social security exemption.

Best Places to Retire in Connecticut
Many national and local builders are busy building active adult communities in Connecticut. Active adults will find also find towns that will welcome them - from Avon to Oxford, Southbury, to Willimantic. You can live near the Long Island Sound in Madison or Old Saybrook, or even closer to the Rhode Island border in seaport towns like Mystic, Niantic, or Stonington. The Newington and Wallingford areas near Hartford have many active adult communities either built or under construction. Upstate there are rural towns like Sharon, Washington, and Pomfret where there is always something going on, even if it is natural beauty.

Certified Retirement Communities
Connecticut does not have a certified retirement community program.

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