Is the cost of living in Connecticut high?

Is the cost of living in Connecticut high?

According to this data, Connecticut places 27.7 percent above the national average overall, with housing 44.7 percent above average, utilities 28 percent above average, groceries 14.2 percent above average and transportation 11.8 percent above average. …

Why is the cost of living in Connecticut so high?

The 58.7 percent of residents who answered that it is “very or somewhat” difficult to maintain their standard of living said the reasons include increases in state taxes, rising utility and fuel costs such as electricity, gas and oil, and overall increases in the cost of general goods.

Where does Connecticut rank in cost of living?

Connecticut cost of living is 107.8

Is Connecticut affordable to live?

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.

What is a good salary to live in Connecticut?

The organization’s family budget calculator estimates how costly it is to live in each of America’s 3,142 counties and 611 metro areas. The group estimates a family of two adults and two children in Fairfield County would need to earn a combined $109,497 per year — or $9,125 a month — to live comfortably.

Which state has highest cost of living?

Hawaii
There may be no more breathtaking a place than the Aloha State, but prices in Hawaii, America’s most expensive state, will take your breath away, too.

Is CT a good state to live in?

CONNECTICUT — If we as Connecticut residents didn’t have to deal with the absurdly high cost of living and the poor state of the economy, Connecticut might indeed be the best place to live in America. But in the area of education, Connecticut ranked fifth best, and our state is the ninth safest in the country.

What is the least expensive place to live in Connecticut?

The 5 Most Affordable Places to Live In Connecticut

1. Torrington. Tucked into the Northwest corner of Connecticut, Torrington has the most affordable home price to income ratio on this list.
2. Naugatuck.
3. Bristol.
4. Meriden.
5. Waterbury.

What is the cost of living in Connecticut?

The cost of living in Connecticut: the most affordable metropolitan areas. Connecticut isn’t a cheap state to live in. On the whole, it’s 12 percent more expensive than the average for the U.S. and is the sixth most expensive state to live in, just slightly topping neighboring New York.

Is Connecticut a good state to live in?

Slow traffic. The traffic in Connecticut is notoriously bad, so if you don’t have the patience to be stuck in a jam for long hours, then Connecticut might not be the place for you. There’s no point in beating around the bush here: Connecticut is an expensive state, and living costs are higher than the national average.

What are the downsides of living in Connecticut?

Connecticut housing is expensive, the cost of living is above average, and property taxes are high. You should seriously consider your finances and budget before moving to Connecticut. Cold winters, humid summers.

Is Connecticut the most expensive state in the US?

In fact, only Hawaii, California, Massachusetts, Alaska, and New Jersey are more expensive. The per capita income for Connecticut is $37,807, and the median household income is $69,519, which is 31 percent higher than the U.S. overall.