Zip 06518 (Hamden, CT) Cost of Living


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How much do I need to live in Hamden, Connecticut?
$5,010 / month
for a family, 7.2% less expensive than the national average A total of $60,120 for the year for a family.
$6,033 / month
for a single person, 26.6% more expensive than the national average A total of $72,400 for the year for a single person.

Hamden cost of living score
109.2
More expensive
9.2% higher
than the US average
2.3% lower
than the Connecticut average
Hamden (zip 06518), Connecticut gets a BestPlaces Cost of Living score of 109.2, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 9.2% higher than the U.S. average and 2.3% higher than the average for Connecticut.

Zip 06518 (Hamden, CT)

Housing costs in Hamden?
A typical home costs $313,700, which is 7.2% less expensive than the national average of $338,100 and 13.4% less expensive than the average Connecticut home, at $362,100. Renting a two-bedroom unit in Hamden costs $2,190 per month, which is 53.1% more than the national average of $1,430 and 24.2% more than the state average of $1,660.

Can I afford Hamden?
To live comfortably in Hamden (zip 06518), Connecticut, a minimum annual income of $60,120 for a family, and $72,400 for a single person is recommended.

What does A.I. say about Hamden?
The cost of living in 06518 Hamden, CT is relatively high compared to the rest of the country. The median home value in this zip code is $248,500, which is significantly higher than the US median home value of $184,700. Additionally, goods and services here are 18.3% higher than the national average, making it one of the more expensive places to live in Connecticut. However, this comes with many benefits such as access to top-notch schools and universities nearby as well as a variety of amenities and activities for residents to enjoy.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesHamdenConnecticutUnited States
    Unlock111.8100.0
  105.9  Unlock100.0
    Unlock118.6100.0
  96.8  Unlock100.0
    Unlock$362,100$338,100
  111.8  Unlock100.0
    Unlock112.4100.0
  122.9  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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