Housing costs in Newtown?
A typical home costs
$545,400, which is 61.3% more expensive than the national average of
$338,100 and 50.6% more expensive than the average Connecticut home, at
$362,100. Renting a two-bedroom unit in Newtown costs
$1,810 per month, which is 26.6% more than the national average of
$1,430 and 8.3% more than the state average of
$1,660.
Can I afford Newtown?
To live comfortably in Newtown (zip 06470), Connecticut, a minimum annual income of
$104,400 for a family, and
$58,800 for a single person is recommended.
What does A.I. say about Newtown?
The cost of living in 06470 Newtown, CT is higher than the national average. The median home value in Newtown is around $335,800 while the median household income is around $112,472. This implies that it will be difficult to purchase a home in Newtown without a relatively high income. Renting an apartment or house also tends to be more expensive than the national average. Furthermore, groceries and other goods are generally priced higher in Newtown than elsewhere, making it more expensive to maintain everyday necessities. In conclusion, those looking to move to 06470 Newtown should expect higher expenses for housing and everyday goods due to the area's overall high cost of living.