Housing costs in Stamford?
A typical home costs
$452,500, which is 33.8% more expensive than the national average of
$338,100 and 25.0% more expensive than the average Connecticut home, at
$362,100. Renting a two-bedroom unit in Stamford costs
$2,430 per month, which is 46.4% more than the national average of
$1,660 and 13.6% more than the state average of
$2,100.
Can I afford Stamford?
To live comfortably in Stamford (zip 06902), Connecticut, a minimum annual income of
$86,760 for a family, and
$79,200 for a single person is recommended.
What does A.I. say about Stamford?
The cost of living in 06902 Stamford, CT is quite high due to its close proximity to the major metropolitan areas of New York City and Boston. The median home value in this area is roughly $410,000, meaning that a family would need to make a significant investment in order to purchase a home here. Additionally, the median rent for a one bedroom apartment in this area is $2,000 per month making it an even more expensive place to live. Furthermore, groceries and other necessities can be pricier than average due to the higher demand associated with its location and ease of access to large cities.