Cost of Living in Danbury, CT

Housing

The housing market plays a significant role in determining the cost of living in Danbury, CT.

• Housing Index: 125.0 / 100
• Median Home Price is: $386900
• Average Rent (2 BR Apartment): $1900 per month
• Average Rent (2 BR House): $1936 per month

When analyzing the housing situation in Danbury, CT, the housing index stands at 125.0, indicating that the area is more expensive than the national average. Additionally, the median home price of 386900 suggests a competitive real estate market. With average rents for a two-bedroom apartment at 1900 and for a house at 1936, budgeting for housing is essential. Potential buyers and renters should consider local job opportunities and amenities in tandem with these costs, ensuring informed decision-making for a smooth relocation experience.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Danbury, CT.

• Electricity Price: 26 USD (median by state)
• Natural Gas Price: $None USD per Thousand Cubic Feet (median by state)
• Other Utilities (water, garbage, etc.): $280 per month

Living in Danbury, CT could entail higher utility costs. Electricity costs sit at 26, while natural gas is priced at None per Thousand Cubic Feet—both aligning with state medians. Expect to budget about 280 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 Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 115.3

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $79983

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Danbury, CT, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.