Housing costs in Farmington?
A typical home costs
$378,800, which is 12.0% more expensive than the national average of
$338,100 and 4.6% more expensive than the average Connecticut home, at
$362,100. Renting a two-bedroom unit in Farmington costs
$2,120 per month, which is 48.3% more than the national average of
$1,430 and 21.7% more than the state average of
$1,660.
Can I afford Farmington?
To live comfortably in Farmington (zip 06032), Connecticut, a minimum annual income of
$72,720 for a family, and
$68,400 for a single person is recommended.
What does A.I. say about Farmington?
The cost of living in 06032 Farmington, CT is quite high. According to BestPlaces, the cost of living index is rated at 127.3, with the national average set at 100. This means that the cost of goods and services in Farmington are 27.3% higher than the national average. Housing costs are particularly high, with median home prices being over $350,000 and monthly rent exceeding $2,000 for a one-bedroom apartment. Because there are limited public transportation options, having a reliable vehicle is essential for getting around town easily. The high cost of living makes it difficult for many residents to afford basic necessities such as food and shelter.