Cost of Living in North branford, CT
Housing
The housing market plays a significant role in determining the cost of living in North branford, CT.
- Housing Index: 122.1 / 100
- Median Home Price is: $337,000
- Average Rent (2 BR Apartment): $2457 per month
- Average Rent (2 BR House): $2671 per month
In evaluating the housing market in North branford, CT, the data presents the median home price at 337000. However, with a housing index of 122.1, one may infer a competitive market snapshot. Notably, current average rents for a 2BR apartment and house are not listed, which could impact short-term affordability. If other housing costs rise in relation to the median price, it may further influence your decision to consider purchasing a home rather than renting. Be sure to analyze trends, as prices can fluctuate significantly with local demand and economic indicators.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in North branford, 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 North branford, 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 North branford is a financially viable option for your relocation.