Housing costs in Hamden?
A typical home costs
$270,600, which is 20.0% less expensive than the national average of
$338,100 and 25.3% less expensive than the average Connecticut home, at
$362,100. Renting a two-bedroom unit in Hamden costs
$1,710 per month, which is 19.6% more than the national average of
$1,430 and 2.9% more than the state average of
$1,660.
Can I afford Hamden?
To live comfortably in Hamden (zip 06514), Connecticut, a minimum annual income of
$51,840 for a family, and
$56,400 for a single person is recommended.
What does A.I. say about Hamden?
The cost of living in 06514 Hamden, CT is slightly higher than the US average. Housing costs are especially high compared to the rest of the U.S., with a median home value of $196,600. Groceries, healthcare, and transportation also tend to be more expensive than national averages. Despite these higher prices, 06514 Hamden still remains an attractive location due to the variety of amenities including restaurants, retail stores, entertainment venues and parks. Additionally, there are several nearby universities that provide quality education opportunities for students. In conclusion, while the cost of living in 06514 Hamden may be slightly higher than average for the U.S., it offers numerous benefits that make this location an attractive option for many people.