Housing costs in Prospect?
A typical home costs
$355,400, which is 5.1% more expensive than the national average of
$338,100 and 1.9% less expensive than the average Connecticut home, at
$362,100. Renting a two-bedroom unit in Prospect costs
$1,600 per month, which is 11.9% more than the national average of
$1,430 and 3.8% cheaper than the state average of
$1,660.
Can I afford Prospect?
To live comfortably in Prospect, Connecticut, a minimum annual income of
$68,040 for a family, and
$52,800 for a single person is recommended.
What does A.I. say about Prospect?
The cost of living in Prospect, CT is slightly higher than the national average. Housing costs in particular are much higher compared to other parts of the country, with a median home value of $227,600 and median rent of $1,073 per month. Groceries, transportation, utilities, and healthcare expenses are all at or slightly above the national average as well. Despite the higher cost of living, Prospect remains a desirable place to live due to its close proximity to Hartford and its strong sense of community.