Housing costs in Berlin?
A typical home costs
$358,700, which is 6.1% more expensive than the national average of
$338,100 and 0.9% less expensive than the average Connecticut home, at
$362,100. Renting a two-bedroom unit in Berlin costs
$1,490 per month, which is 4.2% more than the national average of
$1,430 and 11.4% cheaper than the state average of
$1,660.
Can I afford Berlin?
To live comfortably in Berlin, Connecticut, a minimum annual income of
$68,760 for a family, and
$48,000 for a single person is recommended.
What does A.I. say about Berlin?
The cost of living in Berlin, CT is quite affordable. According to the US Census Bureau, the median home value in Berlin is currently $250,912. This is slightly lower than the Connecticut median home value of $265,400. Additionally, the median household income in Berlin is around $71,750 with a poverty rate of 5.4%. With a low cost of living and an unemployment rate of only 3.7%, Berlin offers its residents an attractive economic climate. Furthermore, taxes are moderately low with sales tax at 6.35% and property tax at 1.48%. All these factors make Berlin an ideal place to live for those looking for an affordable lifestyle with access to excellent job opportunities.