D-
13%
Overall NAT. AVG.
8%
Goods & Services NAT. AVG.
27%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Newington Connecticut National
Cost of living113118100
Goods & Services108109100
Groceries101102100
Health care103109100
Housing127137100
Transportation96100100
Utilities127130100

An Overview of Cost of Living in Newington, CT

Knowing the cost of living in Newington allows individuals to create a realistic budget. This helps them understand how their income will cover expenses and whether they need to make financial adjustments. The cost of living in any region can fluctuate due to various factors. To assess the cost of living consistently across different areas, a national average of 100 serves as the basis for the cost of living index. The cost of living in Newington stands at 113, marking it 13% higher than the national average.

Housing costs make up a big chunk of the cost of living in Newington, and they usually eat into a large part of your take-home pay. Unfortunately, in this area, both buying a home and renting one costs 26.9% more than the average city. This includes stuff like home prices, rent, mortgage rates, and insurance.

What Do Locals Say About the Cost of Living in Newington?

Nobody knows their city better than the people who actually live there. So, we asked 6 local residents how they would rate the cost of living in Newington and this is how they responded. 33% of people said that the cost of living was affordable, with prices decreasing, while 67% of people said that the cost of living was very expensive and prices continue to rise.

Is Newington Affordable?

Wondering if Newington is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In Newington, for example, the median home price is 26.3% higher than what folks pay nationally, and monthly rent is 28.2% higher than the usual rates. Plus, income levels matter too, with Newington boasting a median household income of $82,721, which is 49.5% higher than the national average.

What Factors can Influence the Cost of Living in Newington?

Urbanization: Urban areas with extensive amenities and job opportunities tend to have a higher cost of living due to increased demand for services and relocation, resulting in higher home prices and higher rents. Less densely populated rural areas, or areas with less demand tend to have fewer amenities and slower job growth, which results in a lower cost of living.

Groceries: Grocery costs have continued to increase significantly over the last 2-3 years. In some markets the cost of food has gone up by more than 20% in that period. While other markets have managed to see only a moderate uptick. These food costs can have a major impact on the cost of living in any area. In Newington, the groceries index is 0.7% higher than the national average.

Utilities: Similar to the prices of any goods or services, utility expenses can fluctuate widely, contingent on variables such as climate, available energy sources, geographical location and state regulations. Costs associated with electricity, water, heating, and waste disposal can differ in magnitude, depending on the specific city or state. In Newington, the utilities index registers at 26.6% higher than the national average.

Where is the Data From?

The cost of living data in Newington displayed above is sourced from the C2ER cost of living index, which serves as a practical tool for comparing living expenses across urban areas. Published on a quarterly basis, this index aggregates data from over 300 independent researchers, encompassing more than 60 goods and services, in 6 different categories. The weightings assigned to cost differences rely on government survey data that tracks the spending habits of professional and executive households. It's worth noting that the C2ER index excludes data on sales or income tax rates, while AreaVibes integrates tax rates into the overall cost of living evaluation for each region.

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Cost Of Living Quick Facts

  • The cost of living in Newington is 4% lower than the Connecticut average
  • The cost of living in Newington is 13% higher than the national average
  • Newington housing is 27% higher than the national average
  • Connecticut general sales tax is 24% higher than the national average
  • Connecticut state income tax is 33% higher than the national average

Most Affordable Places to Live in and Around Newington

See all the best places to live around Newington

Compare Newington, CT Cost of Living

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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

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$92,452$7,704$2,157$2,774
      Renters$55,645$4,637$1,298$1,670
      The affordability of the housing market in Newington, CT as well as the overall cost of living can be predicted 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 be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Newington homeowners, the median income is $92,452. This indicates that a monthly maximum of $2,157 should be spent by homeowners on all housing related costs. Renters have a median income of $55,645. This indicates that renters would have a maximum of $1,298 for their rent related monthly costs.

      Connecticut Sales Tax

      State General Sales Tax With Max Surtax
      Connecticut 6.35% 6.35%

      Connecticut Income Tax

      State Income Tax (Low) Income Tax (High)
      Connecticut 3% 6.99%

      Goods & Services

      Item Newington National avg. Difference
      Haircut $33.78$24.2639.2%
      Beauty Salon $58.55$45.5628.5%
      Toothpaste $3.65$3.701.5%
      Shampoo $1.42$1.2810.9%
      Movie $12.85$12.135.9%
      Bowling $18.33$18.001.9%

      Groceries

      Item Newington National avg. Difference
      Ground Beef $6.23$5.846.7%
      Fried Chicken $1.46$1.577.4%
      Milk $4.73$4.671.2%
      Potatoes $4.96$4.930.6%
      Pizza $10.79$12.0910.7%
      Beer $10.49$10.410.8%

      Health Care

      Item Newington National avg. Difference
      Optometrist $166.22$125.6832.3%
      Doctor $182.50$135.7834.4%
      Dentist $127.00$113.2912.1%
      Ibuprofen $10.89$10.652.2%
      Lipitor $384.88$468.6017.9%

      Housing

      Item Newington National avg. Difference
      Home Price $233,200.00$184,700.0026.3%
      Avg. Mortgage Payment $2,110.08$2,346.6910.1%
      Apartment Rent $1,217.00$949.0028.2%

      Transportation

      Item Newington National avg. Difference
      Gasoline $3.34$3.463.4%
      Tire Balancing $71.63$59.9219.5%

      Utilities

      Item Newington National avg. Difference
      All Electricity $302.09$193.9955.7%
      Phone $185.16$192.253.7%
      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 Population Cost of Living Index National Avg.
      Blue Hills, CT2,6001022.0%
      Rockville, CT7,0841022.4%
      New Britain, CT72,5431033.2%
      Hartford, CT122,5491043.9%
      East Hartford, CT50,0361044.2%
      Newington, CT30,11411313.1%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      San Lorenzo, CA30,11717171.4%
      Lawrenceville, GA30,1251000.3%
      Burlingame, CA30,071336236.5%
      Ballwin, MO30,1771088.3%
      Elizabethtown, KY30,179973.2%
      Newington, CT30,11411313.1%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.