Cost of Living in Newington, CT
Housing
The housing market plays a significant role in determining the cost of living in Newington, CT.
- Housing Index: 120.0 / 100
- Median Home Price is: $327,000
- Average Rent (2 BR Apartment): $1900 per month
- Average Rent (2 BR House): $1920 per month
When considering a move to Newington, CT, the current housing index stands at 120.0, signaling a higher-than-average cost of living. With a median home price of 327000 and average rents for a two-bedroom apartment at 1900 and a house at 1920, it’s important to assess your budget. Additionally, note that real estate markets can fluctuate, so align your decision with long-term trends in employment and lifestyle needs in the area. Consider these factors to make an informed choice about your future home.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Newington, 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 Newington, 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 Newington is a financially viable option for your relocation.