Housing costs in New Haven?
A typical home costs
$282,700, which is 16.4% less expensive than the national average of
$338,100 and 21.9% less expensive than the average Connecticut home, at
$362,100. Renting a two-bedroom unit in New Haven costs
$1,750 per month, which is 5.4% more than the national average of
$1,660 and 10.3% more than the state average of
$1,570.
Can I afford New Haven?
To live comfortably in New Haven (zip 06511), Connecticut, a minimum annual income of
$54,000 for a family, and
$57,600 for a single person is recommended.
What does A.I. say about New Haven?
The cost of living in 06511 New Haven, CT is relatively high in comparison to the national average. According to recent reports, the average household income in 06511 New Haven is $45,683 while the median home price is a staggering $182,800. Utility costs are also on the higher side with an average electricity bill around $115 per month. Additionally, sales tax is 6.35% and property taxes are some of the highest in Connecticut, averaging around 4.95%. All these costs taken together make it difficult for many people to live comfortably within their budget in this area.