Housing costs in Gales Ferry?
A typical home costs
$264,900, which is 21.7% less expensive than the national average of
$338,100 and 26.8% less expensive than the average Connecticut home, at
$362,100. Renting a two-bedroom unit in Gales Ferry costs
$1,620 per month, which is 13.3% more than the national average of
$1,430 and 2.5% cheaper than the state average of
$1,660.
Can I afford Gales Ferry?
To live comfortably in Gales Ferry, Connecticut, a minimum annual income of
$50,760 for a family, and
$52,400 for a single person is recommended.
What does A.I. say about Gales Ferry?
The cost of living in Gales Ferry, CT is relatively low compared to other parts of the state, making it an attractive option for those looking to save money. The median home value in 2019 was $207, 600, which is well below the national median of $231, 200. Additionally, the median household income was only slightly below the national average at $76, 649 versus the national average of $78, 745. This allows residents to stretch their paycheck further and save more due to the lower cost of living. In addition to housing costs being lower than the national average, Grocery costs are also on par with most areas in Connecticut. This makes Gales Ferry a great area for those who want a high quality of life without breaking the bank.