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It may cost you, but the quality of life in Connecticut makes it worth it for many people. The state has great schools, low crime, access to outdoor activities and great, fresh food. Being part of New England, Connecticut is also full of history and culture, with plenty of museums. There’s even an amusement park should you need a change of pace.
To fit Connecticut into your budget, it’s best to understand how the state’s prices compare to the rest of the country. By looking at average costs in a few specific categories, you can make an informed decision about whether a move is in your future.
Connecticut housing prices
Housing prices in Connecticut all hit above the national average. That doesn’t mean you can’t find affordable housing throughout the state or a home for any budget. But, it could be more challenging to get those good deals.
Hartford
The capital of Connecticut, Hartford is one of the more affordable places to live in the state. Housing prices are only 1.4 percent above the national average, so not too far out of reach for many. The city has a long history, solid job opportunities and some amazing museums. The variety of local parks is an ideal family-friendly destination, as well, when the weather is nice (it does get cold in the winter.)
Apartment prices are on the rise and may sit at the high end of your budget. One-bedroom apartments, up 14 percent over last year, have an average monthly rent of $1,747. Two-bedroom apartments, up 10 percent over last year, have an average monthly rent of $2,367.
Home prices aren’t rising as quickly as apartment rent, up only 2.6 percent over last year. The median home price in Hartford is $240,000.
New Haven
Home to Yale University, New Haven is a college town with a little bit more. The prestigious university is a cornerstone of the city, but there’s also the beach, the history, museums and even nearby skiing. Living in New Haven isn’t cheap, though, and home prices are 20.9 percent above the national average.
Apartments are going to cost you, too, especially if you’re a college student. You may want to consider a roommate to keep things affordable. The average monthly rent for a one-bedroom apartment is $2,455, which is up 18 percent over last year. Two-bedroom apartments, up 17 percent over last year, average out to cost $3,102 per month.
Homes for sale are a little more reasonable, and the median sale price in New Haven is $280,000, down 12.5 percent over last year.
Stamford
With the highest home prices in the state, the cost of living in Connecticut really gets skewed thanks to places like Stamford. Here, home prices are 68.6 percent above the national average. This affluent city primarily attracts families and professionals and is perfectly situated for commuters. Many neighborhoods provide a small-town feel without taking you too far away from the urban amenities of downtown. That’s good news since your housing budget may make it hard to live right in the middle of it all.
Apartment rents are increasing at a pretty significant rate. One-bedrooms are up 23 percent, and two-bedrooms are up 34 percent, both over last year. This puts average monthly rent prices up there. The average rent for a one-bedroom is $2,654 per month, while a two-bedroom averages out at $3,599.
Home prices are also on the higher side, and the median sale price in Stamford is $680,000. This is up 11.5 percent over last year.
Connecticut food prices
Lobster rolls are the most iconic food out of Connecticut (and all of New England), but the state does a few favorites just a little differently. First, they steam their cheeseburgers rather than grill them, and if you’re in New Haven it’s ‘apizza’ and not pizza that’s on the menu. In the fall, you can sample another iconic Connecticut food, homemade apple cider. With all this deliciousness, Connecticut residents spend between $267 and $300 per month on groceries.
Across the state, food prices align with other costs of living elements in Connecticut and are above the national average.
- New Haven is 0.4 percent above the national average
- Stamford is 8.2 percent above the national average
- Hartford is 8.4 percent above the national average
With these averages relatively close together, you most likely won’t find huge price differentials in specific grocery items. The difference in ground beef prices is less than a dollar across these three cities, and a dozen eggs are only 11 cents more from their cheapest to most expensive.
Average prices are a little higher for some things, though. A loaf of bread in Hartford is on the high side at $4.69, but even with a few doozies, you can stay on a budget when you grocery shop.
Connecticut utility prices
Connecticut winters can really ramp up your utility costs. The winter season is long, with the lowest temperatures between December and February. Evening temperatures can get down to zero degrees Fahrenheit, and snowfall is heavy. As a result, you may pay more for heating in the winter, which can raise overall utility prices pretty quickly.
- Hartford is 26.4 percent above the national average
- Stamford is 30.3 percent above the national average
- New Haven is 32.2 percent above the national average
These averages, and the amount of energy you need to live in comfortable temps year round, can drive up your energy bill. Expect to pay an average of $260 per month in Hartford, $273 in Stamford and $279 in New Haven.
Connecticut transportation prices
Transportation prices throughout Connecticut are all above average, but on the whole, this state is very easy to get around. With some of the most walkable cities in the country, certain pockets of Connecticut are perfect for those who don’t want the expense of owning a car. Strong public transportation systems also make it easy to get around without having to pay for gas, parking or regular vehicle maintenance.
That said, transportation is still an expensive component of the cost of living in Connecticut.
- Hartford is 4 percent above the national average
- New Haven is 14.3 percent above the national average
- Stamford is 16.2 percent above the national average
At these prices, it might be worthwhile to use a variety of transportation options to get around.
The walkability of Connecticut
It’s impressive for a state to have so many cities with high walk scores, and across Connecticut, infrastructure design really takes those on foot into consideration.
The downtown area, along the riverfront in Hartford, is extremely walkable, but so are a lot of nearby neighborhoods. Overall, the city has a walk score of 75.
New Haven’s downtown area has many sidewalks, with highly walkable areas around Yale’s campus and in nearby squares. Combined, this gives the city a walk score of 78.
Stamford has a walk score of 84. With walkable blocks, sidewalks and pedestrian walkways, the city is easy to navigate on foot, especially around the waterfront. There’s also a free trolley for when your feet get tired.
Public transportation in Connecticut
Each of our Connecticut cities provides public transportation, enabling residents to get around town without their own vehicles.
Hartford offers up two options. CT Transit has both local and express bus services around the city. For local service, a two-hour pass is $1.75, and a 31-day pass is $63. The dash Shuttle is another option. It’s a free service that runs downtown during the week, with extra service during major downtown events.
CT Transit also operates in New Haven and Stamford. New Haven buses run across 22 different routes, while Stamford operates 15. As long as you’re on a local bus line, even in separate cities, CT transit passes are the same price.
Stamford offers one additional mode of public transportation, the Harbor Point Trolley. This line connects the downtown area to Harbor Point, stopping at major spots like the government center and the University of Connecticut. The trolley is free to ride.
Connecticut healthcare prices
Healthcare prices in Connecticut are one of the few cost of living components with one city averaging below the rest of the county.
- Hartford is 7.4 percent below the national average
- Stamford is 7.2 percent above the national average
- New Haven is 10.5 percent above the national average
These averages come from combining doctor visits, trips to urgent care, prescriptions, that annual eye doctor visits and dental check-ups. These averages put doctor’s visits between $100 and $140, dental visits between $87 and $122 and eye doctor visits between $127 and $155.
Connecticut goods and services prices
Eating that special New Haven ‘apizza’, grabbing a six-pack of craft beer or having cheeseburgers with friends all fit into the goods and services section of your budget. These are the activities you like doing but could live without if money got tight.
In Connecticut, goods and services prices, combined, all reach above the national average.
- Hartford is 10.6 above the national average
- New Haven is 16.7 percent above the national average
- Stamford is 18.6 percent above the national average
These averages could mean you get to do a little less of those bonus activities each month, simply because of cost. The only way to really know is to look at the individual prices of your favorite extras.
Yes, we threw in one practical service into the chart, but when you price compare, you can see that not everything costs the most in Stamford. When it comes to beer and dry cleaning, Hartford actually takes the top spot, although overall, it’s the least expensive city, and New Haven is the cheapest when it comes to burgers. Without knowing individual costs, it’s impossible to budget for this aspect of the cost of living in Connecticut.
Taxes in Connecticut
Connecticut has a graduated income tax, which means your rate comes from how much money you make each year. You’ll end up paying somewhere between 3 percent and 6.99 percent.
When it comes to sales tax, the state-wide rate is 6.35 percent. That’s all you’ll pay across Connecticut. There are no local sales taxes.
So, if you’re shopping for furniture for your new apartment, for every $1,000 you spend, you’ll pay $63.50 in taxes. Not too bad.
How much do I need to earn to live in Connecticut?
The first thing you need to live in Connecticut is a home, and being able to afford one means putting at least 30 percent of your annual income toward rent. This is definitely possible, and you can calculate exactly what would work with your budget using our rent calculator.
To estimate needs, the average rent in Connecticut is $1,713. To afford this rent, at 30 percent of your income, you’d need to make a minimum of $68,520. This is highly possible given that the average annual wage comes really close. At $66,130, you’re right on the edge of affording an average rent, and not too far that you won’t have plenty of options to pick from that are just a little less.
Living in Connecticut
Connecticut may come at a higher-than-average cost, but calling the Constitution State home has plenty of benefits. Connecticut has the beach, great parks and a strong economy. Its location puts you close to just about anywhere in New England (and New York) and educational opportunities are top-notch.
The Cost of Living Index comes from coli.org.
The rent information included in this summary is based on a calculation of multifamily rental property inventory on Rent. as of August 2022.
Rent prices are for illustrative purposes only. This information does not constitute a pricing guarantee or financial advice related to the rental market.
Source: rent.com