Cost of Living in Ledyard, CT
Housing
The housing market plays a significant role in determining the cost of living in Ledyard, CT.
- Housing Index: 122.1 / 100
- Median Home Price is: $326,000
- Average Rent (2 BR Apartment): $2457 per month
- Average Rent (2 BR House): $2671 per month
When considering a move to Ledyard, CT, you'll notice that the housing market shows a median home price of 326000. However, the area currently reports a housing index of 122.1, suggesting challenges in the market during this time. With average rents for both a 2-bedroom apartment at 2457 and a house at 2671, it’s crucial to weigh your financial options. This landscape may indicate a stagnant market, so thorough research on local amenities and prospects is pivotal in making an informed decision on your potential move.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Ledyard, 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 Ledyard, 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 Ledyard is a financially viable option for your relocation.