Cost of Living in East lyme, CT
Housing
The housing market plays a significant role in determining the cost of living in East lyme, CT.
- Housing Index: 120.5 / 100
- Median Home Price is: $300,000
- Average Rent (2 BR Apartment): $2200 per month
- Average Rent (2 BR House): $2240 per month
Considering a move to East lyme, CT? The housing index here is relatively high at 120.5, indicating that living costs may surpass the national average. With a median home price of 300000, you’ll find buying more feasible than in some metropolitan markets. However, the average rent for a 2-bedroom apartment stands at 2200 and averages 2240 for a 2-bedroom house, suggesting rental costs are also significant. While budgeting your living expenses, it’s essential to weigh these factors against your income and lifestyle needs for a well-rounded decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in East lyme, CT.
- Electricity Price: $26 USD (median by state)
- Natural Gas Price: Data is updating (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in East lyme, CT could entail higher utility costs. Electricity costs sit at $26, while natural gas is priced at data unavailable per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if East lyme is a financially viable option for your relocation.