Cost of Living in Higganum, CT
Higganum cost of living index: 161.5 (above the US average). Median home price: $525,000.
Updated 2026 • Based on 1 local zip code
📍 Some data sourced from nearby metro area
61% above the national average
Housing
Data from 1 zip code
Housing costs in Higganum, CT based on real market data from 1 local zip code.
Considering a move to Higganum, CT? The current median home price stands at a competitive 525000.0, but the housing index and average rent have not been specified, implying a potentially unique market situation. Without rental figures available, it’s crucial to assess other living expenses in the area. Investors and homeowners alike may find advantages in the long-term growth potential of real estate values here. Make sure to explore amenities, employment opportunities, and community aspects, as these factors can greatly influence your decision-making process in such a pivotal move.
Last updated: January 2026
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
Living in Higganum, CT could entail variable utility costs. Electricity costs sit at $26, while natural gas is priced at data unavailable per Thousand Cubic Feet. Expect to budget about $165.3 monthly for other services like water and garbage.
Cost Breakdown by Category
Local Income & Economy in Higganum, CT
How far does your money go in Higganum? Understanding the relationship between income and cost of living is key to evaluating affordability.
How We Calculate Adjusted Purchasing Power in Higganum
The adjusted purchasing power shows what a Higganum, CT household income is actually worth after accounting for local prices. We calculate it using the formula: Purchasing Power = Median Income ÷ Cost of Living Index × 100
For Higganum, that's $130,411 ÷ 161.5 × 100 = $80,750. This means a household earning the median income in Higganum has the equivalent buying power of $80,750 in a city where the cost of living index equals the national baseline of 100.
With a cost of living index of 161.5, Higganum is significantly more expensive than the national average. Despite a median income of $130,411, the high cost of housing, groceries, and everyday expenses reduces real purchasing power to $80,750. If you're planning to move to Higganum, budgeting carefully for rent and housing costs is essential. Households relocating from lower-cost areas should expect to spend more on basic necessities.
With a median home price of $525,000, housing affordability in Higganum is a significant factor. Prospective homebuyers should consider that mortgage payments, property taxes, and insurance in Higganum, CT will consume a larger share of household income compared to cities with a lower cost of living index.
💡 Purchasing power is calculated by dividing the local median household income by the cost of living index and multiplying by 100. A result higher than the nominal income means your money goes further; a lower result means local prices erode your earnings. The US baseline cost of living index is 100.
Pros & Cons of Living in Higganum
Pros
- • Good schools nearby
- • Low crime rates
- • Short drive to Hartford
- • Community-oriented residents
- • Quiet suburban lifestyle
- • Friendly atmosphere
- • Low cost of living
- • Diverse local events
- • Family-friendly activities
- • Access to nature trails
Cons
- • Occasional racism issues
- • Schools lack advanced programs
- • Limited dining choices
- • Fewer cultural activities
- • Limited nightlife options
- • Diversity is somewhat low
- • Distance from major cities
- • Job market is competitive
- • Local economy struggles sometimes
- • Public transport is limited
💡City Insights
Higganum scores 6/10 for affordability, 5/10 for safety, and 5/10 for family-friendliness — an good overall profile.
Frequently Asked Questions
What is the cost of living in Higganum, CT? ▼
The cost of living in Higganum, CT is 62% higher than the national average, with a cost of living index of 162 (where 100 represents the U.S. average). Housing typically accounts for the largest portion of living expenses. See full cost of living breakdown →
How much does it cost to buy or rent a home in Higganum, CT? ▼
In Higganum, CT, The median home price is $525,000. requiring approximately $155,357 annual income to afford. Average rent is $3,200/month (requiring ~$128,000/year income). The local median household income is $130,411, making homeownership attainable for typical residents. Explore Higganum real estate data →
Is Higganum, CT a safe place to live? ▼
Higganum, CT is average in terms of safety, with crime rates near the national average. Safety varies significantly by neighborhood. View detailed Higganum crime statistics →
What salary do you need to live comfortably in Higganum, CT? ▼
To live comfortably in Higganum, CT and afford a median-priced home of $525,000, you would typically need a household income of $131,250 to $164,062 per year. The local median household income is $130,411. Renting requires approximately $128,000/year (at $3,200/month). See full affordability analysis →
What are the best neighborhoods in Higganum, CT? ▼
The best neighborhoods in Higganum, CT depend on your priorities. For families, look for areas near top-rated schools with lower crime rates. For affordability, neighborhoods farther from the city center tend to offer more affordable options.
How are the taxes in Higganum, CT? ▼
Tax rates in Higganum, CT include state and local components. The cost of living index of 162 indicates a higher cost environment compared to the national average. View detailed Higganum tax information →
How does Higganum, CT compare to nearby cities? ▼
Higganum, CT offers comparable costs to nearby communities. With a cost of living index of 162, median home prices of $525,000, and a crime rate of 0 per 1,000 residents, you can compare these metrics side-by-side. Use the compare feature to evaluate specific cities.
What is the weather like in Higganum, CT? ▼
Weather in Higganum, CT varies by season. Climate data varies by season. View detailed Higganum climate & environment data →
What factors affect cost of living in Higganum, CT? ▼
The main factors affecting cost of living in Higganum, CT include housing costs (the biggest factor), utilities, groceries, transportation, and healthcare. Local taxes and the overall economic conditions also play a role.
Housing Costs by Zip Code
Detailed housing data across 1 zip code in Higganum, CT.
| Zip Code | Median Home Price | Avg Rent | 2BR Rent | For Sale | For Rent |
|---|---|---|---|---|---|
| 06441 | $525,000 | $3,200/mo | $3,200/mo | 7 | 1 |
Explore More About Higganum, CT
📅 Last Updated: January 2026
Sources: U.S. Census Bureau (ACS), Bureau of Labor Statistics, Council for Community and Economic Research (C2ER), Zillow, Redfin