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.