Housing costs in Niantic?
A typical home costs
$387,900, which is 14.7% more expensive than the national average of
$338,100 and 7.1% more expensive than the average Connecticut home, at
$362,100. Renting a two-bedroom unit in Niantic costs
$1,620 per month, which is 13.3% more than the national average of
$1,430 and 2.5% cheaper than the state average of
$1,660.
Can I afford Niantic?
To live comfortably in Niantic, Connecticut, a minimum annual income of
$74,160 for a family, and
$52,400 for a single person is recommended.
What does A.I. say about Niantic?
The cost of living in Niantic, CT is slightly higher than the U.S. average. Overall, housing costs are higher than the national average, while transportation and groceries are slightly lower. For example, the median home value is approximately $265,000 and the median rent is $1,235 per month. The overall cost of living index for Niantic is 119.9, higher than the U.S average of 100. Despite this cost of living difference, residents enjoy access to plentiful recreational activities like beaches and parks as well as excellent restaurants and shopping options due to its convenient location between New London and Mystic.