Cost of Living in Niantic, CT
Housing
The housing market plays a significant role in determining the cost of living in Niantic, CT.
- Housing Index: 122.1 / 100
- Median Home Price is: $350,000
- Average Rent (2 BR Apartment): $2457 per month
- Average Rent (2 BR House): $2671 per month
Considering a move to Niantic, CT? With a housing index of 122.1, it indicates a slightly above-average cost of living in terms of housing. The median home price is 350000, suggesting a moderate investment in property. Renters can expect to pay an average of 2457 for a 2-bedroom apartment and 2671 for a 2-bedroom house, which reflects the competitive rental market. It's essential to weigh these costs against your budget and lifestyle, as this city may offer amenities or job opportunities that justify the living expenses.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Niantic, 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 Niantic, 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 Niantic is a financially viable option for your relocation.