Housing costs in Cromwell?
A typical home costs
$296,200, which is 12.4% less expensive than the national average of
$338,100 and 18.2% less expensive than the average Connecticut home, at
$362,100. Renting a two-bedroom unit in Cromwell costs
$1,550 per month, which is 8.4% more than the national average of
$1,430 and 7.1% cheaper than the state average of
$1,660.
Can I afford Cromwell?
To live comfortably in Cromwell (zip 06416), Connecticut, a minimum annual income of
$56,880 for a family, and
$49,200 for a single person is recommended.
What does A.I. say about Cromwell?
The cost of living in 06416 Cromwell, CT is relatively high compared to the rest of the country. The median home value in the area is $243,800 which is much higher than the national median of $194,500. Similarly, the cost of groceries and health care expenses are both above average when compared to other states. Despite this, however, Cromwell still offers affordable options for housing with a range of apartment complexes and single-family homes available. Rent in the area ranges from around $1,000 per month for studio apartments up to over $2,000 per month for larger homes. Overall, Cromwell can be an expensive place to live but there are still plenty of options for those on a budget.