Housing costs in Collinsville?
A typical home costs
$331,400, which is 2.0% less expensive than the national average of
$338,100 and 8.5% less expensive than the average Connecticut home, at
$362,100. Renting a two-bedroom unit in Collinsville costs
$1,530 per month, which is 7.0% more than the national average of
$1,430 and 8.5% cheaper than the state average of
$1,660.
Can I afford Collinsville?
To live comfortably in Collinsville (zip 06022), Connecticut, a minimum annual income of
$63,360 for a family, and
$49,200 for a single person is recommended.
What does A.I. say about Collinsville?
The cost of living in 06022 Collinsville, CT is relatively high compared to other parts of the state and nation. The median household income in the area is $64,766, higher than both the state average of $73,431 and the U.S. average of $61,937. The median home value in 06022 is also significantly higher at $270,600 compared to the Connecticut and U.S. averages of $261,500 and $229,700 respectively. Additionally, its unemployment rate of 3.6%, lower than both the Connecticut and United States averages of 4.2% and 5% respectively, suggests that employment opportunities are abundant in this area for those seeking them. All these factors make it clear that 06022 Collinsville is a great place to live with a strong economy and plenty of job security - though it does come at a cost as housing prices here are well above average for the state and nation as a whole.