Derby 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.
IndexDerbyConnecticutNational
Cost of living index121128100
IndexDerbyConnecticutNational
Goods & Services index126123100
Groceries index122125100
Health care index115117100
Housing index120144100
Transportation index100105100
Utilities index132130100
The above illustration supplies generalized information for the Derby, CT cost of living index. Compared to other cities in Connecticut and cities across the country, the cost of living index in Derby, CT is 121, which is 6% lower than the Connecticut average and 21% higher than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Derby, CT are 2% higher than the average for Connecticut and 26% higher than the rest of the country.

Did you know?

  • The cost of living in Derby is 6% lower than the Connecticut average.
  • The cost of living in Derby is 21% higher than the national average.
  • The cost of housing in Derby is 20% 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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The salary calculator allows you to compare how much your current salary in Derby, 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 Derby, CT, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Derby, 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$71,109$5,926$1,659$2,133
Renters$32,061$2,672$748$962
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Derby, CT as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Derby, CT homeowners, is $71,109. This would allow for a maximum of $1,659 per month to be spent on housing costs. For renters, the median monthly income is $32,061 which would result in a maximum of $748 to be spent on rental 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%
The Connecticut sales tax and Connecticut income tax rates should definitely be considered when determining the overall cost of living in Derby, CT. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Connecticut sales tax is 6.35% and the maximum surtax is 6.35%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Connecticut income tax rates range from 3% to 6.7%.

Goods & Services

ItemDerbyNational avg.Difference
Haircut $20.00$14.5937.0%
Beauty Salon $67.50$34.6894.6%
Toothpaste $4.04$2.4763.3%
Shampoo $0.88$1.0213.9%
Movie $14.75$9.8749.5%
Bowling $7.94$4.3980.8%

Groceries

ItemDerbyNational avg.Difference
Ground Beef $3.99$4.4810.9%
Fried Chicken $1.04$1.4629.0%
Milk $2.26$2.364.1%
Potatoes $3.92$3.0628.0%
Pizza $10.00$9.248.2%
Beer $9.82$8.6313.8%

Health Care

ItemDerbyNational avg.Difference
Optometrist $111.67$99.7811.9%
Doctor $123.75$105.0317.8%
Dentist $110.00$88.7024.0%
Ibuprofen $10.33$9.419.8%
Lipitor $299.00$298.500.2%

Housing

ItemDerbyNational avg.Difference
Home Price $212,700.00$175,700.0021.1%
Avg. Mortgage Payment $2,127.00$1,081.0396.8%
Apartment Rent $1,086.00$920.0018.0%

Transportation

ItemDerbyNational avg.Difference
Gasoline $2.06$2.091.5%
Tire Balancing $47.99$45.296.0%

Utilities

ItemDerbyNational avg.Difference
All Electricity$262.56$170.8053.7%
Phone $29.01$28.262.7%
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.
Heritage Village, CT4,12611616%
Meriden, CT60,61611616%
Bridgeport, CT146,68011717%
Naugatuck, CT31,79011818%
New Haven, CT130,55311919%
Derby, CT12,83712121%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Conneaut, OH12,83678-22%
Dover, OH12,83989-11%
Destin, FL12,8401066%
Atlantic Beach, FL12,84012222%
Bardstown, KY12,83388-12%
Derby, CT12,83712121%
Source: The Derby, CT cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.