Housing costs in Collinsville?
A typical home costs
$370,200, which is 9.5% more expensive than the national average of
$338,100 and 2.2% more expensive than the average Connecticut home, at
$362,100. Renting a two-bedroom unit in Collinsville 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 Collinsville?
To live comfortably in Collinsville, Connecticut, a minimum annual income of
$70,920 for a family, and
$48,000 for a single person is recommended.
What does A.I. say about Collinsville?
The cost of living in Collinsville, CT is relatively low compared to other towns and cities in the area. The median home value in Collinsville is $295,500, which is lower than the Connecticut state median of $369,900. Renters can expect to spend an average of $1,163 per month on housing costs. The overall cost of living in Collinsville comes in at about 13% below the national average. Additionally, the town has a low sales tax, with no additional local taxes imposed on its residents. This makes it an affordable and attractive option for people looking for a place to live or do business in Connecticut.