Zip 06415 (Colchester, CT) Cost of Living


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How much do I need to live in Colchester, Connecticut?
$5,670 / month
for a family, 5.0% more expensive than the national average
$4,400 / month
for a single person, 7.7% less expensive than the national average

Colchester cost of living score
106.8
More expensive
6.8% higher
than the US average
4.5% lower
than the Connecticut average
Colchester (zip 06415), Connecticut gets a BestPlaces Cost of Living score of 106.8, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 6.8% higher than the U.S. average and 4.5% higher than the average for Connecticut.

Zip 06415 (Colchester, CT)

Housing costs in Colchester?
A typical home costs $355,600, which is 5.2% more expensive than the national average of $338,100 and 1.8% less expensive than the average Connecticut home, at $362,100. Renting a two-bedroom unit in Colchester costs $1,640 per month, which is 14.7% more than the national average of $1,430 and close to the state average of $1,660.

Can I afford Colchester?
To live comfortably in Colchester (zip 06415), 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 Colchester?
The cost of living in 06415 Colchester, CT is higher than the national average due to its high housing costs. The median home value in 06415 is $290,400, which is significantly higher than the national median of $184,700. Additionally, the cost of goods and services in 06415 tend to be higher than other parts of the country. This includes grocery prices, transportation costs, and utilities. Despite its higher costs compared to other parts of the country, residents enjoy access to a number of amenities such as parks, restaurants, shops and other entertainment options. Overall, living in 06415 Colchester can be expensive but it offers a variety of opportunities for its residents.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesColchesterConnecticutUnited States
  106.8111.8100.0
  106.2106.6100
  112.3118.6100.0
  109.7109.2100.0
  $355,600$362,100$338,100
  111.9118.5100
  115.8112.4100.0
  118.6126.8100.0

   100=National Average

   Average Rent by Bedroom Size
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