Broad Brook cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexBroad BrookConnecticutNational
Cost of living index123128100
IndexBroad BrookConnecticutNational
Goods & Services index121123100
Groceries index128125100
Health care index119117100
Housing index128144100
Transportation index109105100
Utilities index128130100
A general summary of the cost of living index in Broad Brook, CT is shown above. Compared to the state average of Connecticut the cost of living index in Broad Brook, CT is 123, which is 4% lower than the average in Connecticut and compared to the national average it is 23% higher than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Broad Brook, CT goods and services come in at 2% lower than the average in Connecticut and are 21% higher than compared to the nationwide average.

Did you know?

  • The cost of living in Broad Brook is 4% lower than the Connecticut average.
  • The cost of living in Broad Brook is 23% higher than the national average.
  • The cost of housing in Broad Brook is 28% higher than the national average.
  • Connecticut general sales tax is 25% higher than the national average.
  • Connecticut state income tax is 35% higher than the national average.

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Salary Calculator

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Use the salary calculator to compare your current salary in Broad Brook, CT to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Broad Brook, CT, then you would need to earn more income in order to maintain the same standard of living. To use the Broad Brook, CT salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$94,531$7,878$2,206$2,836
Renters$45,938$3,828$1,072$1,378
One can approximate the cost of living and the housing affordability in Broad Brook, CT by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Broad Brook, CT have a median income of $94,531. Therefore, the amount that a consumer should spend on housing costs should be no more than $2,206 per month to avoid calamity and poverty. The renters in the city have an income of about $45,938, which would make their monthly maximum allowable rental costs $1,072.

Connecticut Sales Tax

StateGeneral Sales TaxWith Max Surtax
Connecticut6.35%6.35%

Connecticut Income Tax

StateIncome Tax (Low)Income Tax (High)
Connecticut3%6.7%
When considering the overall cost of living expenses in Broad Brook, CT, it's important to take into account the sales tax for Connecticut, as well as the rate for income tax in Connecticut. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Connecticut is 6.35%, and the sales tax in the state of Connecticut is 6.35%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Connecticut starts from 3% and goes up to 6.7%.

Goods & Services

ItemBroad BrookNational avg.Difference
Haircut $17.50$14.5919.9%
Beauty Salon $47.06$34.6835.7%
Toothpaste $3.22$2.4730.2%
Shampoo $1.17$1.0214.5%
Movie $10.07$9.872.0%
Bowling $7.17$4.3963.3%

Groceries

ItemBroad BrookNational avg.Difference
Ground Beef $6.34$4.4841.6%
Fried Chicken $1.90$1.4629.8%
Milk $2.56$2.368.6%
Potatoes $4.51$3.0647.3%
Pizza $10.11$9.249.4%
Beer $10.03$8.6316.2%

Health Care

ItemBroad BrookNational avg.Difference
Optometrist $116.73$99.7817.0%
Doctor $123.77$105.0317.8%
Dentist $122.94$88.7038.6%
Ibuprofen $11.38$9.4120.9%
Lipitor $267.92$298.5010.2%

Housing

ItemBroad BrookNational avg.Difference
Home Price $232,500.00$175,700.0032.3%
Avg. Mortgage Payment $1,493.00$1,081.0338.1%
Apartment Rent $1,088.00$920.0018.3%

Transportation

ItemBroad BrookNational avg.Difference
Gasoline $2.44$2.0916.6%
Tire Balancing $39.98$45.2911.7%

Utilities

ItemBroad BrookNational avg.Difference
All Electricity$265.73$170.8055.6%
Phone $24.95$28.2611.7%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Springfield, MA153,83611010%
Stafford Springs, CT4,73411313%
Hartford, CT125,21111313%
Blue Hills, CT2,73511414%
East Hartford, CT51,21111414%
Broad Brook, CT4,52612323%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Woodbridge, VA4,52713030%
Sayre, OK4,52477-23%
New Freedom, PA4,52811111%
Perry, UT4,5291033%
Church Point, LA4,52980-20%
Broad Brook, CT4,52612323%
Source: The Broad Brook, CT cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.