Cost of Living in Shelton, CT

Housing

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

• Housing Index: 120.0 / 100
• Median Home Price is: $450000
• Average Rent (2 BR Apartment): $2200 per month
• Average Rent (2 BR House): $2400 per month

Considering a move to Shelton, CT? With a housing index of 120.0, housing costs are remarkably above the national average, indicative of demand. The median home price is set at 450000, suggesting buying may require a hefty investment. For renters, plan for an average cost of 2200 for a 2-bedroom apartment and 2400 for a 2-bedroom house. Increasing demand coupled with these prices may reflect a vibrant lifestyle, but be prepared for potential budget constraints. Overall, ensure financial readiness before making your new home decision in this competitive market.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Shelton, 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 Shelton, 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: 115.5

Median Income

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

• Median Income: $112366

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 Shelton, 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.