What Is The Cost Of Living In Connecticut?
May 24, 2023Want to know the cost of living in Connecticut? Read this article till the end, here we will provide all possible information about the cost of living in Connecticut. Connecticut is a state located in the New England region of the Northeastern United States. Connecticut is popular for its great universities, beautiful autumn foliage, and rich contributions to American culture, for starters. Additionally, it is home to Yale University and ESPN, the famous American cable channel. Let’s look at the cost of living in Connecticut without any further discussion.
What Is The Cost Of Living In Connecticut?
The cost of living in Connecticut is 111.8 as compared to the national average of 100. If the cost of living in Connecticut USA is more than 100, it means Connecticut is more expensive than the national average. While the average cost of living in Connecticut is less than 100, it means Connecticut is less expensive than the national average. From the table given below, you got that the cost of housing, grocery, transportation, health, and utility is more than the national average. It means the cost of living in Connecticut is more than the national average.
| Cost Of Living For | Connecticut | USA |
|---|---|---|
| Housing | 109.2 | 100 |
| Grocery | 106.6 | 100 |
| Transportation | 112.4 | 100 |
| Utilities | 118.5 | 100 |
| Health | 118.6 | 100 |
| Miscellaneous | 126.8 | 100 |
| Median Home Cost | $318,400 | $291,700 |
| Overall | 111.8 | 100 |
Home Rent
Is the cost of living high in Connecticut? Yes, it is higher than the national average. In Connecticut, the cost of housing is worth $272,700 which is more than the national average of $204,900. Across the state, the median price of a home built in 1939 or earlier is $243,200, while the median value of a home built in 2014 or later is $462,900. Below we have given you a table that shows the price of rent in the different cities in Connecticut, including the cost of living in Connecticut New Haven.
| City | Approx 1 Bedroom Rent | Approx 2 Bedroom Rent |
|---|---|---|
| Boston | $1,800 | $3,000 |
| Providence | $1,100 | $1,400 |
| Stamford | $2,216 | $3,398 |
| Worcester | $1,900 | $2,690 |
| New Haven | $1,400 | $3,000 |
Food Cost
When you see the cost of living in Connecticut vs New York, you will find that Connecticut is more expensive than New York. Do you know? In the state, a single adult needs $3,477 in her or his pocket to buy food for a year. And for a family of four members, there is a need for $10,043 per year. In Connecticut, the cost of food is more than the national average. The table shows the cost of dinner for 2 in some major cities in the state.
| City | Approx Dinner Cost For 2 |
|---|---|
| Boston | $95 |
| Providence | $150 |
| Stamford | $72 |
| Worcester | $60 |
| New Haven | $70 |
Travel Cost
Travelling costs can also be an important component of cost of living. In the state, 86.2% of commuters drive to work compared to 85.5% of commuters nationwide. On average, the typical motorist in the state drives 8,814 miles a year. So, the average motorist in the state can expect to spend $809 on gas alone in one year.
Other Expenses
Now, let’s know the cost of living in Connecticut due to healthcare, utility bills, internet, fitness, and taxes.
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Health Care
When you compare the cost of living in Connecticut vs Texas, unfortunately, you will find Connecticut is 26.4% more expensive than Texas. The average healthcare costs for a single person in Connecticut total $4,498 annually, compared to the national average of $4,266. And a family of four, average annual health care costs total $13,696.
Utility Bills
In Connecticut, the average utility bill for a month will be $275 for an apartment and it includes bills for electricity, water supply, heating, cooling, and garbage collection services.
Internet Bills
In the state, the cost of the Internet is quite affordable, the plan from Xfinity operator will cost you around $30 per month for 50 to 3000 Mbps. and a plan from Optimum operator will cost you $30 per month for 300 to 940 Mbps.
Fitness
The cost of fitness depends upon you because it will be less if you are okay with an inexpensive gym or fitness club. The average cost of gym membership in the state is $58 per month.
Entertainment
This category of the cost of living is not the same for all but depends upon the size of your family and the lifestyle one has. Also, you can save good money by visiting some free places in the state.
Taxes
Taxes also play an important role in the cost of living. In Connecticut, the average adult working pays $7,560 annually, which is above the national average of $6,542.
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FAQ
Is It Cheaper To Live In Florida Or Connecticut?
Although the cost of living varies depending on where you live in the state, Florida is much more affordable than many other states. In fact, the cost of living in Florida is about 12% cheaper than Connecticut.
Is Living In CT Worth It?
While the cost of living is high in Connecticut, the quality of life matches it, with income, health, and education ranking well above average.
Is Connecticut Affordable To Live?
While Connecticut was among the worst states for affordability, it ranked high in three of the four other areas: the state was No. 4 for crime, No. 8 for well-being and No. 14 for culture and diversity.
Is Living In Connecticut Affordable?
While Connecticut can be expensive, with a cost of living above the U.S. average and a median home price of $276,319, there are many great Connecticut cities with affordable housing and top-notch amenities
Is NY Or CT More Expensive?
The cost of living in Hartford, CT is -36.4% lower than in New York, NY. You would have to earn a salary of $38,164 to maintain your current standard of living. Employers in Hartford, CT typically pay -7.8% less than employers in New York, NY.
What Makes Connecticut Special?
In 1639, the Connecticut Colony wrote and adopted the Fundamental Orders. This document reflected our independent spirit and is considered by many to be the first written constitution of a democratic government. That’s why Connecticut is nicknamed “The Constitution State.”
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Conclusion
The cost of living in the city of Connecticut changes as per in which area of the city you live. The most expensive city in Connecticut is Stamford, where the cost of living is 12% more than the state average and 37% more than the national average of the United States. The affordable major city in New England is Hartford, with a cost of living 10% lower than the statewide average and also 10% lower than the national average. Now, you have detailed information regarding the cost of living in Connecticut so, you can visit the city if your pocket allows you.
