Sharon, CT
Population 495 · Connecticut
About Sharon, CT
Sharon is a small community located in Connecticut with a population of 495 residents according to the latest US Census Bureau American Community Survey data. The median household income is $158,146 per year, which is 110% above the national median of $75,149. The median age of 68.6 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Sharon features a median home value of $276,300, which is 13% above the national median of $244,900. This positions Sharon in a moderately priced market relative to the rest of the country. Median monthly rent is $3,501, 201% above the national average of $1,163/month. Of the 450 total housing units, 65% are owner-occupied (245 units) and 35% are renter-occupied (133 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Sharon shows an unemployment rate of 2.3%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 0.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Sharon have an average one-way commute time of 12.3 minutes, one of the shorter commutes in the region.
Education & Demographics
80.8% of Sharon residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 1.4% Asian residents, with 11.1% of the population being foreign-born.
How Sharon Ranks in Connecticut
Cost of Living in Sharon, CT
Compared to national averages, Sharon has a median household income of $158,146 (110% above the national median of $75,149). Home values average $276,300, which is 13% above the national median. Monthly rent at $3,501 is 201% above the US average of $1,163. Within Connecticut, Sharon's income is 29% above the state average of $123,065, and home values are 47% below the state median of $516,920.
Why Live in Sharon, CT?
Sharon offers a strong local economy with a median household income of $158,146, well above the national average, and a strong job market with an unemployment rate of just 2.3%, and a well-educated community where 80.8% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 0.0%, better than the national average, and short commute times averaging just 12.3 minutes.
Sharon has a population of 495 with a median age of 68.6 years. Compare Sharon with other cities to see how it stacks up, or explore all cities in Connecticut.
Similar Cities Near Sharon
Cities in Connecticut with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Taylor Corners | 501 | $107,614 | $563,300 | Compare |
| Groton Long Point | 511 | $122,500 | $897,400 | Compare |
| Witches Woods | 472 | $250,001 | $431,800 | Compare |
| Mamanasco Lake | 462 | $243,750 | $856,600 | Compare |
| Candlewood Shores | 534 | $178,510 | $399,400 | Compare |
| Rock Ridge | 453 | $222,159 | $2,000,001 | Compare |
| Falls Village | 452 | $54,792 | $431,300 | Compare |
| Indian Field | 430 | $250,001 | $2,000,001 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Connecticut
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Sharon With Other Cities
Frequently Asked Questions about Sharon
What is the population of Sharon, CT?
The population of Sharon, CT is 495 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Connecticut.
What is the median household income in Sharon?
The median household income in Sharon, CT is $158,146 per year, which is 110% above the national median of $75,149.
What is the median home value in Sharon?
The median home value in Sharon, CT is $276,300, which is 13% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Sharon?
The median monthly rent in Sharon, CT is $3,501, which is 201% above the national average of $1,163/month.
What is the unemployment rate in Sharon?
The unemployment rate in Sharon, CT is 2.3%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Sharon, CT a good place to live?
Sharon offers above-average incomes, a competitive housing market, and a strong job market. With a population of 495 and a median age of 68.6, the city appeals to established professionals and retirees.
How educated is Sharon, CT?
80.8% of residents in Sharon aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Sharon?
Key cost-of-living indicators for Sharon, CT: median home value is $276,300 (13% above national), median rent is $3,501/month, and median household income is $158,146. The home-value-to-income ratio is 1.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Sharon?
The poverty rate in Sharon, CT is 0.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Sharon, CT?
Sharon's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 1.4% Asian, and 0.0% two or more races. 11.1% of residents are foreign-born.