Conning Towers Nautilus Park 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.
IndexConning Towers Nautilus ParkConnecticutNational
Cost of living index126128100
IndexConning Towers Nautilus ParkConnecticutNational
Goods & Services index120121100
Groceries index120128100
Health care index119117100
Housing index141144100
Transportation index122114100
Utilities index112116100
A general overview of the cost of living index for Conning Towers Nautilus Park, CT is displayed above. In Conning Towers Nautilus Park, CT, the overall cost of living index is 126, which is 2% lower than the Connecticut average and 26% higher than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Conning Towers Nautilus Park, CT, the city's goods and services are 1% lower than the Connecticut average and 20% higher than the U.S. average.

Did you know?

  • The cost of living in Conning Towers Nautilus Park is 2% lower than the Connecticut average.
  • The cost of living in Conning Towers Nautilus Park is 26% higher than the national average.
  • The cost of housing in Conning Towers Nautilus Park is 41% 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 Conning Towers Nautilus Park, CT Cost of living To Other Cities

Salary Calculator

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The salary calculator is used in order to provide a comparison of your current salary in Conning Towers Nautilus Park, 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 Conning Towers Nautilus Park, CT, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Conning Towers Nautilus Park, 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$86,442$7,204$2,017$2,594
Renters$53,475$4,456$1,248$1,604
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 Conning Towers Nautilus Park, 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. Conning Towers Nautilus Park, CT has a median income of about $86,442 for people who own homes. Based on that number, a person should spend a maximum of $2,017 on expenses related to housing. Renters have a slightly different median income, which is $53,475. Based on this average, renters should spend no more than $1,248 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%
One thing to keep in mind when considering the cost of living in Conning Towers Nautilus Park, 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

ItemConning Towers Nautilus ParkNational 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

ItemConning Towers Nautilus ParkNational 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

ItemConning Towers Nautilus ParkNational 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

ItemConning Towers Nautilus ParkNational avg.Difference
Home Price $232,100.00$175,700.0032.1%
Avg. Mortgage Payment $1,486.15$1,133.2331.1%
Apartment Rent $1,481.00$920.0061.0%

Transportation

ItemConning Towers Nautilus ParkNational avg.Difference
Gasoline $2.39$1.9919.7%
Tire Balancing $58.58$45.7628.0%

Utilities

ItemConning Towers Nautilus ParkNational 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.
Poquonock Bridge, CT1,64911010%
Long Hill, CT4,14811313%
New London, CT27,53611414%
Norwich, CT40,37811414%
Oxoboxo River, CT3,23011717%
Conning Towers Nautilus Park, CT10,13012626%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Woodlyn, PA10,1311099%
Gonzales, LA10,13796-4%
Fairmount, NY10,12093-7%
Shasta Lake, CA10,1431011%
Denham Springs, LA10,14895-5%
Conning Towers Nautilus Park, CT10,13012626%
Source: The Conning Towers Nautilus Park, CT cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.