Byram 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.
IndexByramConnecticutNational
Cost of living index173128100
IndexByramConnecticutNational
Goods & Services index112123100
Groceries index110125100
Health care index113117100
Housing index322144100
Transportation index111105100
Utilities index97130100
Here we can see a simple outline of the cost of living in Byram, CT. As you can see, with the average cost of living in Byram, CT being 173, that puts it 35% higher than the average of Connecticut and 73% higher than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Byram, CT, the price of goods and services are 9% lower than the average of Connecticut as well as 12% higher than the nation's average.

Did you know?

  • The cost of living in Byram is 35% higher than the Connecticut average.
  • The cost of living in Byram is 73% higher than the national average.
  • The cost of housing in Byram is 222% 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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Compare Byram, CT Cost of living To Other Cities

Salary Calculator

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Health care index
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The salary calculator allows you to compare how much your current salary in Byram, CT would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Byram, CT, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Byram, CT salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$109,643$9,137$2,558$3,290
Renters$74,185$6,182$1,731$2,226
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Byram, CT, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Byram, CT has a median income of about $109,643 for people who own homes. Based on that number, a person should spend a maximum of $2,558 on expenses related to housing. Renters have a slightly different median income, which is $74,185. Based on this average, renters should spend no more than $1,731 on all of their rental costs if they want to maintain a non-impoverished standard of living.

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 assessing the complete cost of living in Byram, CT, the Connecticut income tax and the Connecticut sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Connecticut maximum surtax is 6.35%, and the Connecticut sales tax is 6.35%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 3% to 6.7% in Connecticut.

Goods & Services

ItemByramNational avg.Difference
Haircut $18.00$14.5923.3%
Beauty Salon $32.75$34.685.6%
Toothpaste $1.99$2.4719.5%
Shampoo $1.08$1.025.7%
Movie $11.70$9.8718.6%
Bowling $4.72$4.397.5%

Groceries

ItemByramNational avg.Difference
Ground Beef $4.44$4.480.8%
Fried Chicken $1.97$1.4634.6%
Milk $2.57$2.369.1%
Potatoes $3.39$3.0610.7%
Pizza $8.00$9.2413.4%
Beer $8.79$8.631.8%

Health Care

ItemByramNational avg.Difference
Optometrist $102.25$99.782.5%
Doctor $86.25$105.0317.9%
Dentist $119.50$88.7034.7%
Ibuprofen $10.32$9.419.6%
Lipitor $351.24$298.5017.7%

Housing

ItemByramNational avg.Difference
Home Price $655,300.00$175,700.00273.0%
Avg. Mortgage Payment $1,607.16$1,081.0348.7%
Apartment Rent $1,860.00$920.00102.2%

Transportation

ItemByramNational avg.Difference
Gasoline $2.17$2.093.7%
Tire Balancing $58.80$45.2929.8%

Utilities

ItemByramNational avg.Difference
All Electricity$155.83$170.808.8%
Phone $29.75$28.265.3%
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.
Greenville, NY5731044%
Haverstraw, NY12,06013232%
Hartsdale, NY5,34613636%
Fairview CDP (Westchester County), NY2,97814040%
Great Neck Plaza, NY6,82315353%
Byram, CT4,88517373%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Floral City, FL4,88386-14%
Union Grove, WI4,88399-1%
Farrell, PA4,88375-25%
Porter, IN4,8831044%
Fort Pierce South, FL4,88790-10%
Byram, CT4,88517373%
Source: The Byram, CT cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.