Housing costs in New Britain?
A typical home costs
$218,700, which is 35.3% less expensive than the national average of
$338,100 and 39.6% less expensive than the average Connecticut home, at
$362,100. Renting a two-bedroom unit in New Britain costs
$1,410 per month, which is 15.1% cheaper than the national average of
$1,660 and 6.4% cheaper than the state average of
$1,500.
Can I afford New Britain?
To live comfortably in New Britain (zip 06053), Connecticut, a minimum annual income of
$41,760 for a family, and
$45,600 for a single person is recommended.
What does A.I. say about New Britain?
The cost of living in 06053 New Britain, CT is moderately high due to its convenient location near several major cities. According to the 2019 Cost of Living Index, New Britain is 6% higher than the national average, making it a fairly expensive place to live. Housing costs are particularly high; the median home value is $156,300 and rents average $ 982 per month. Groceries also tend to be more expensive; basic items like eggs, milk, and bread can cost upwards of 8-10% more than the national average. Other expenses like transportation and utilities are generally in line with the rest of the nation. Overall, living in 06053 New Britain can be expensive, but its excellent access to amenities and services make it well worth it for many people.