Housing costs in Colchester?
A typical home costs
$347,700, which is 2.8% more expensive than the national average of
$338,100 and 4.0% less expensive than the average Connecticut home, at
$362,100. Renting a two-bedroom unit in Colchester costs
$1,710 per month, which is 19.6% more than the national average of
$1,430 and 2.9% more than the state average of
$1,660.
Can I afford Colchester?
To live comfortably in Colchester, Connecticut, a minimum annual income of
$66,600 for a family, and
$55,200 for a single person is recommended.
What does A.I. say about Colchester?
The cost of living in Colchester, CT is slightly higher than the national average. According to BestPlaces, the cost of living index for Colchester is 108.2, compared to 100 which is the national average. That means that overall, it will cost 8.2% more to live in Colchester than the average US city. In terms of housing costs, BestPlaces reports that prices are about 5.6% higher than the national average. The median home price in Colchester is $244,500 and rental rates are around $1,084 per month for a one-bedroom apartment with utilities included. Overall, while living in Colchester may be slightly more expensive than most other US cities, its quaint small-town atmosphere and close proximity to major cities like Hartford make it well worth it.