๐Ÿ™๏ธ Cost of Living Calculators Connecticut

Connecticut Cost of Living Calculator

Compare Connecticut cost of living (index: 112.8). Calculate equivalent salary needed when moving to or from Connecticut.

Free โ€” No Sign-up Verified Data Editorially Reviewed Updated
Connecticut Quick Facts
7.0% Income Tax Rate
2.14% Property Tax Rate
$83,771 Median Income
112.8 Cost of Living

How This Calculator Works

Calculation methodology and assumptions

This calculator compares purchasing power between locations using cost of living indices. Connecticut's cost of living index is 112.8 (100 = national average). The equivalent salary is calculated as: Current Salary ร— (Target COL / Current COL). Tax differences are also factored in to show the net financial impact of relocating.

Key State Information

Connecticut cost of living index: 112.8. Connecticut is close to the national average in overall cost. Median household income: $83,771. Median 2BR rent: $1375/month.

Standard financial formulas Pre-filled with real state data Estimates only โ€” not financial advice
Data Source
Missouri Economic Research Center, BEA
View Original Source | Verified 2024-12-01 | Updated annually

Frequently Asked Questions

What is the cost of living in Connecticut?

Connecticut's cost of living index is 112.8, where 100 is the national average. This means living in Connecticut costs about 13% more than the national average.

Is Connecticut expensive to live in?

Connecticut has a moderate cost of living, close to the national average. Median home price: $380,000.

How much do I need to earn in Connecticut to live comfortably?

Based on a cost of living index of 112.8 and the 50-30-20 budgeting rule, a comfortable salary in Connecticut would be approximately $62,040/year for a single person renting a 2BR apartment.

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