Housing costs in Hanover?
A typical home costs
$215,800, which is 36.2% less expensive than the national average of
$338,100 and 40.4% less expensive than the average Connecticut home, at
$362,100. Renting a two-bedroom unit in Hanover costs
$1,450 per month, which is 1.4% more than the national average of
$1,430 and 14.5% cheaper than the state average of
$1,660.
Can I afford Hanover?
To live comfortably in Hanover (zip 06350), Connecticut, a minimum annual income of
$41,400 for a family, and
$46,800 for a single person is recommended.
What does A.I. say about Hanover?
The cost of living in 06350 Hanover, CT is on the higher side compared to other parts of the country. The median home price in the area is around $299,000, while the median rent price is about $1,200 per month. Goods and services are also more expensive than in other areas due to the high demand for quality products. Taxes are quite high as well, with state and local taxes taking up around 12% of the average household's income. All things considered, Hanover can be a very expensive place to live, but it offers great access to schools, jobs and transportation options that make it worth the cost for many people.