Housing costs in New Britain?
A typical home costs
$209,800, which is 37.9% less expensive than the national average of
$338,100 and 42.1% less expensive than the average Connecticut home, at
$362,100. Renting a two-bedroom unit in New Britain costs
$1,280 per month, which is 22.9% cheaper than the national average of
$1,660 and 17.2% cheaper than the state average of
$1,500.
Can I afford New Britain?
To live comfortably in New Britain (zip 06051), Connecticut, a minimum annual income of
$40,320 for a family, and
$41,200 for a single person is recommended.
What does A.I. say about New Britain?
The cost of living in 06051 New Britain, CT is much lower than the national average, making it an attractive option for people who are looking for a more affordable place to live. The median home value in 06051 is $148,800 compared to the national median of $219,700, and the estimated monthly housing cost is $1,132 compared to the national average of $1,636. Renters can also benefit from the lower-than-average costs here: a one-bedroom apartment typically runs about $862 per month while nationwide it's closer to $1,400. Utilities such as electricity and gas tend to be cheaper in 06051 as well. All these factors make New Britain an economical choice for anyone trying to stretch their budget.