Cost of Living in Fairfield, CT
Housing
The housing market plays a significant role in determining the cost of living in Fairfield, CT.
- Housing Index: 122.1 / 100
- Median Home Price is: $470,000
- Average Rent (2 BR Apartment): $2494 per month
- Average Rent (2 BR House): $2711 per month
Nestled in Fairfield, CT, with a housing index of 122.1, this area might be challenging for budget-conscious buyers and renters. The median home price is a notable 470000, suggesting a competitive market. Rents are also on the higher end, averaging 2494 for an apartment and 2711 for a house. It's crucial to weigh these housing costs against local wages and amenities when considering a move. Additionally, exploring nearby neighborhoods could unveil more affordable options without sacrificing quality of life.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Fairfield, CT.
- Electricity Price: $26 USD (median by state)
- Natural Gas Price: Data is updating (median by state)
- Other Utilities (water, garbage, etc.): $257 per month
Living in Fairfield, CT could entail higher utility costs. Electricity costs sit at $26, while natural gas is priced at data unavailable per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $257 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Fairfield is a financially viable option for your relocation.