Housing costs in Falls Village?
A typical home costs
$421,100, which is 24.5% more expensive than the national average of
$338,100 and 16.3% more expensive than the average Connecticut home, at
$362,100. Renting a two-bedroom unit in Falls Village costs
$1,350 per month, which is 5.6% cheaper than the national average of
$1,430 and 23.0% cheaper than the state average of
$1,660.
Can I afford Falls Village?
To live comfortably in Falls Village (zip 06031), Connecticut, a minimum annual income of
$80,640 for a family, and
$41,600 for a single person is recommended.
What does A.I. say about Falls Village?
The cost of living in 06031 Falls Village, CT is higher than the national average, but it is still relatively affordable. The median home value is $251,400 and the median rent price is $1,369, both of which are slightly above the national averages. Groceries and other necessities are also slightly more expensive than average. That being said, despite the higher cost of living compared to most other regions in the country, 06031 Falls Village remains a very attractive location for those who want to live in a rural area with stunning natural beauty and plenty of amenities nearby.