Housing costs in Prospect?
A typical home costs
$370,700, which is 9.6% more expensive than the national average of
$338,100 and 2.4% more expensive than the average Connecticut home, at
$362,100. Renting a two-bedroom unit in Prospect costs
$1,600 per month, which is 11.9% more than the national average of
$1,430 and 3.8% cheaper than the state average of
$1,660.
Can I afford Prospect?
To live comfortably in Prospect (zip 06712), Connecticut, a minimum annual income of
$70,920 for a family, and
$52,800 for a single person is recommended.
What does A.I. say about Prospect?
The cost of living in 06712 Prospect, CT is relatively high compared to many other towns and cities in the state. The median home value is just under $225,000, with an average price per square foot of around $128. Renters can expect to pay anywhere from $800 or more for a one-bedroom apartment. Additionally, the average utility costs for electricity, gas, and water are similar to the national average. Transportation is usually done by car or public bus, but with some of the most expensive gas prices in the nation, those looking to purchase a vehicle should be prepared to pay a premium for fuel costs. All in all, Prospect is a great place to live if you can afford it – otherwise it may be better to look elsewhere for more affordable options.