Housing costs in Niantic?
A typical home costs
$391,200, which is 15.7% more expensive than the national average of
$338,100 and 8.0% more expensive than the average Connecticut home, at
$362,100. Renting a two-bedroom unit in Niantic costs
$1,630 per month, which is 14.0% more than the national average of
$1,430 and close to the state average of
$1,660.
Can I afford Niantic?
To live comfortably in Niantic (zip 06357), Connecticut, a minimum annual income of
$74,880 for a family, and
$52,400 for a single person is recommended.
What does A.I. say about Niantic?
The cost of living in 06357 Niantic, CT is relatively high. The median home price in the area is over $400,000 and the median rent is close to $1,800 per month. In addition, there are numerous restaurants and stores that offer services such as groceries and clothing at prices that may be higher than in other areas. The cost of car insurance is also higher due to the coastal location of the town. Even though the expenses can be considerable for many people, it is still a great place to live due to its desirable location near both Long Island Sound and New London County beaches.