Hazardville 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.
IndexHazardvilleConnecticutNational
Cost of living index118128100
IndexHazardvilleConnecticutNational
Goods & Services index120121100
Groceries index120128100
Health care index119117100
Housing index116144100
Transportation index122114100
Utilities index112116100
An overview of the general cost of living index for Hazardville, CT is displayed above for your reference. Residents in Hazardville, CT enjoy a cost of living index of 118. This index is 8% lower than the Connecticut average, and 18% higher than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Hazardville, CT, the average cost of goods and services is 1% lower than it is in Connecticut, and it is 20% higher than the national average.

Did you know?

  • The cost of living in Hazardville is 8% lower than the Connecticut average.
  • The cost of living in Hazardville is 18% higher than the national average.
  • The cost of housing in Hazardville is 16% 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 Hazardville, CT Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
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Groceries index
Health care index
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Using the salary calculator lets you compare the salary you earn in Hazardville, CT to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Hazardville, CT, you have to earn a higher income in order to still have the same standard of living. To operate the Hazardville, CT salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$75,192$6,266$1,754$2,256
Renters$65,500$5,458$1,528$1,965
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 Hazardville, 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. Hazardville, CT has a median income of about $75,192 for people who own homes. Based on that number, a person should spend a maximum of $1,754 on expenses related to housing. Renters have a slightly different median income, which is $65,500. Based on this average, renters should spend no more than $1,528 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 considering the overall cost of living expenses in Hazardville, 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

ItemHazardvilleNational 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

ItemHazardvilleNational 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

ItemHazardvilleNational 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

ItemHazardvilleNational avg.Difference
Home Price $181,300.00$175,700.003.2%
Avg. Mortgage Payment $1,486.15$1,133.2331.1%
Apartment Rent $1,332.00$920.0044.8%

Transportation

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

Utilities

ItemHazardvilleNational 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.
Springfield, MA153,8361099%
Stafford Springs, CT4,73411111%
Chicopee, MA55,60311212%
Blue Hills, CT2,73511212%
Palmer Town, MA12,15511313%
Hazardville, CT4,86311818%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Luray, VA4,86496-4%
Manheim, PA4,86498-2%
Fetters Hot Springs-Agua Caliente, CA4,86614444%
Fort Rucker, AL4,8601044%
Loudoun Valley Estates, VA4,86016565%
Hazardville, CT4,86311818%
Source: The Hazardville, CT cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.