Housing costs in Cobalt?
A typical home costs
$330,000, which is 2.4% less expensive than the national average of
$338,100 and 8.9% less expensive than the average Connecticut home, at
$362,100. Renting a two-bedroom unit in Cobalt costs
$1,540 per month, which is 7.7% more than the national average of
$1,430 and 7.8% cheaper than the state average of
$1,660.
Can I afford Cobalt?
To live comfortably in Cobalt (zip 06414), Connecticut, a minimum annual income of
$63,360 for a family, and
$48,800 for a single person is recommended.
What does A.I. say about Cobalt?
The cost of living in 06414 Cobalt, CT is relatively expensive compared to the rest of the United States. According to BestPlaces, the overall cost of living index in 06414 Cobalt, CT is an astonishing 129.6 and is 17% higher than the average US city. The median home-price residency in this area is around $320,000 which is among one of the highest costs for a home within Connecticut. In addition, transportation and health care costs are also much higher than most other cities due to their high quality services offered in this area as well as its distance from larger cities with cheaper options. Furthermore, food costs are also quite high due to the lack of grocery stores and restaurants in the immediate area that can offer more affordable prices. All in all, living expenses in 06414 Cobalt,CT might be a bit prohibitive for some people looking for more budget friendly options elsewhere.