Housing costs in New Preston?
A typical home costs
$553,900, which is 63.8% more expensive than the national average of
$338,100 and 53.0% more expensive than the average Connecticut home, at
$362,100. Renting a two-bedroom unit in New Preston costs
$1,630 per month, which is 14.0% more than the national average of
$1,430 and close to the state average of
$1,660.
Can I afford New Preston?
To live comfortably in New Preston, Connecticut, a minimum annual income of
$106,200 for a family, and
$50,400 for a single person is recommended.
What does A.I. say about New Preston?
New Preston, CT is known for its high cost of living due to the desirable location and amenities. The town has a median home value of $783,500, which is significantly higher than the U.S. average of $231,200. Additionally, the average rental price in New Preston is $2,000 per month. Food costs are also higher in the area compared to other parts of Connecticut; the overall cost of groceries can be up to 30% more expensive than other locations due to its distance from major shopping centers and suppliers. Despite being one of the most expensive locations in Connecticut, many people find that living in New Preston is worth it due to its beautiful scenery and convenient proximity to attractions in neighboring towns such as Litchfield County and Candlewood Lake.