Cost of Living in New haven, CT
Housing
The housing market plays a significant role in determining the cost of living in New haven, CT.
- Housing Index: 120.5 / 100
- Median Home Price is: $334,000
- Average Rent (2 BR Apartment): $2200 per month
- Average Rent (2 BR House): $2240 per month
In terms of housing, New haven, CT presents a housing index of 120.5 indicating that prices are above the national average. The median home price stands at 334000, which may be a stretch for some buyers. Additionally, the average rent for a 2-bedroom apartment stands at 2200 while a 2-bedroom house averages 2240. These costs can significantly impact your budget; hence, it’s vital to compare these figures with your income levels and explore potential alternative areas nearby with more favorable housing conditions.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in New haven, 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 New haven, 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 New haven is a financially viable option for your relocation.