Lakeville, CT Cost of Living


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Lakeville cost of living score
105.9
More expensive
5.9% higher
than the US average
5.3% lower
than the Connecticut average
Lakeville, Connecticut gets a BestPlaces Cost of Living score of 105.9, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 5.9% higher than the U.S. average and 5.3% higher than the average for Connecticut.

Lakeville, CT

Housing costs in Lakeville?
A typical home costs $448,100, which is 32.5% more expensive than the national average of $338,100 and 23.8% more expensive than the average Connecticut home, at $362,100. Renting a two-bedroom unit in Lakeville costs $2,340 per month, which is 63.6% more than the national average of $1,430 and 29.1% more than the state average of $1,660.

Can I afford Lakeville?
To live comfortably in Lakeville, Connecticut, a minimum annual income of $85,680 for a family, and $72,400 for a single person is recommended.

What does A.I. say about Lakeville?
Living in Lakeville, CT is an attractive option for those seeking a peaceful and tranquil lifestyle. The cost of living is generally affordable, with the median home value sitting at around $243,000. While prices are higher than in some other areas of Connecticut, they remain lower than the national average. Taxes are also relatively low compared to other nearby towns, providing an additional savings for residents. With its picturesque scenery and easy access to major cities like Hartford and New Haven, Lakeville is a great option for those seeking a balance between affordability and convenience in Connecticut.
   Cost of living score
     CategoriesLakevilleConnecticutUnited States
  105.9111.8100.0
  114.4106.6100
  111.8118.6100.0
  163.9109.2100.0
  $448,100$362,100$338,100
  118.3%118.5%100.0%
  91.5112.4100.0
  128.4126.8100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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