Housing costs in Farmington?
A typical home costs
$385,700, which is 14.1% more expensive than the national average of
$338,100 and 6.5% more expensive than the average Connecticut home, at
$362,100. Renting a two-bedroom unit in Farmington costs
$1,890 per month, which is 32.2% more than the national average of
$1,430 and 12.2% more than the state average of
$1,660.
Can I afford Farmington?
To live comfortably in Farmington, Connecticut, a minimum annual income of
$73,800 for a family, and
$60,800 for a single person is recommended.
What does A.I. say about Farmington?
The cost of living in Farmington, CT is generally quite reasonable. The average home price is around $315,000 with the median household income being roughly $122,000. This makes it a fairly affordable place to live, while still providing plenty of amenities and activities for residents and visitors alike. The local economy is also strong with a variety of job opportunities available for those looking to work and live in the area. Overall, Farmington offers a great quality of life without breaking the bank.