Housing costs in Waterford?
A typical home costs
$316,400, which is 6.4% less expensive than the national average of
$338,100 and 12.6% less expensive than the average Connecticut home, at
$362,100. Renting a two-bedroom unit in Waterford costs
$1,670 per month, which is 16.8% more than the national average of
$1,430 and close to the state average of
$1,660.
Can I afford Waterford?
To live comfortably in Waterford, Connecticut, a minimum annual income of
$60,480 for a family, and
$54,000 for a single person is recommended.
What does A.I. say about Waterford?
The cost of living in Waterford, CT is relatively low compared to the national average. Housing costs are especially competitive, with the median home value being just over $300,000 and median rent at approximately $1400 per month. Utility rates are also lower than most other parts of the country, making it a great option for those looking for a more affordable place to live. Additionally, groceries are generally reasonably priced as well. All in all, Waterford offers a good balance between quality of life and cost of living that could be a great choice for many individuals.