Cost of Living in Meriden, CT

Housing

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

• Housing Index: 120.0 / 100
• Median Home Price is: $265000
• Average Rent (2 BR Apartment): $1800 per month
• Average Rent (2 BR House): $1840 per month

Considering a move to Meriden, CT? The housing index of 120.0 indicates that real estate may be above the national average. With a median home price of 265000 and average rental rates for a 2-bedroom apartment and house at 1800 and 1840 respectively, it's vital to assess your budget against local wages and amenities. Additionally, this city is attracting new residents and has seen an increase in employment opportunities. Weigh these factors carefully to make an informed decision on 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 Meriden, 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.): $250 per month

Living in Meriden, 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 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 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: 115.0

Median Income

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

• Median Income: $63671

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 Meriden, 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.