Collinsville 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.
IndexCollinsvilleConnecticutNational
Cost of living index129128100
IndexCollinsvilleConnecticutNational
Goods & Services index120121100
Groceries index120128100
Health care index119117100
Housing index153144100
Transportation index122114100
Utilities index112116100
Here we can see a simple outline of the cost of living in Collinsville, CT. As you can see, with the average cost of living in Collinsville, CT being 129, that puts it 1% higher than the average of Connecticut and 29% 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 Collinsville, CT, the price of goods and services are 1% lower than the average of Connecticut as well as 20% higher than the nation's average.

Did you know?

  • The cost of living in Collinsville is 1% higher than the Connecticut average.
  • The cost of living in Collinsville is 29% higher than the national average.
  • The cost of housing in Collinsville is 53% 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

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator is used in order to provide a comparison of your current salary in Collinsville, CT to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Collinsville, CT, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Collinsville, CT salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$94,375$7,865$2,202$2,832
Renters$45,280$3,773$1,056$1,359
The affordability of the housing market in Collinsville, CT as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Collinsville, CT homeowners, the median income is $94,375. This indicates that a monthly maximum of $2,202 should be spent by homeowners on all housing related costs. Renters have a median income of $45,280. This indicates that renters should have a maximum of $1,056 used for their rent related monthly costs.

Connecticut Sales Tax

StateGeneral Sales TaxWith Max Surtax
Connecticut6.35%6.35%

Connecticut Income Tax

StateIncome Tax (Low)Income Tax (High)
Connecticut3%6.7%
One thing to keep in mind when considering the cost of living in Collinsville, CT is the Connecticut sales tax and Connecticut income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Connecticut sales tax rate is 6.35% and the maximum surtax that can be charged is 6.35%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Connecticut income tax rates range from 3% to 6.7%.

Goods & Services

ItemCollinsvilleNational avg.Difference
Haircut $19.50$15.5625.3%
Beauty Salon $49.55$36.1137.2%
Toothpaste $3.49$2.4741.2%
Shampoo $1.12$0.9616.4%
Movie $9.95$10.131.8%
Bowling $7.17$4.7451.4%

Groceries

ItemCollinsvilleNational avg.Difference
Ground Beef $6.26$3.9857.0%
Fried Chicken $1.67$1.4118.9%
Milk $2.51$2.0621.5%
Potatoes $4.16$2.9839.6%
Pizza $10.00$9.475.6%
Beer $9.82$8.7911.7%

Health Care

ItemCollinsvilleNational avg.Difference
Optometrist $119.91$101.0418.7%
Doctor $124.96$107.4416.3%
Dentist $124.36$90.4237.5%
Ibuprofen $11.99$9.2829.2%
Lipitor $356.99$426.5016.3%

Housing

ItemCollinsvilleNational avg.Difference
Home Price $287,600.00$175,700.0063.7%
Avg. Mortgage Payment $1,486.15$1,133.2331.1%
Apartment Rent $1,180.00$920.0028.3%

Transportation

ItemCollinsvilleNational avg.Difference
Gasoline $2.39$1.9919.7%
Tire Balancing $58.58$45.7628.0%

Utilities

ItemCollinsvilleNational avg.Difference
All Electricity$212.66$163.8129.8%
Phone $24.95$28.3912.1%
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.
New Britain, CT73,09511111%
Hartford, CT125,21111212%
Blue Hills, CT2,73511212%
Torrington, CT35,77411212%
Winsted, CT7,87611212%
Collinsville, CT3,85112929%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Bishop, CA3,85112121%
The Meadows, FL3,85111111%
Medina, TN3,85294-6%
Highland Falls, NY3,85211515%
Clifton Forge, VA3,85083-17%
Collinsville, CT3,85112929%
Source: The Collinsville, CT cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.