Newington 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.
IndexNewingtonConnecticutNational
Cost of living index124128100
IndexNewingtonConnecticutNational
Goods & Services index121123100
Groceries index128125100
Health care index119117100
Housing index129144100
Transportation index109105100
Utilities index128130100
An overview of the general cost of living index for Newington, CT is displayed above for your reference. Residents in Newington, CT enjoy a cost of living index of 124. This index is 4% lower than the Connecticut average, and 24% 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 Newington, CT, the average cost of goods and services is 2% lower than it is in Connecticut, and it is 21% higher than the national average.

Did you know?

  • The cost of living in Newington is 4% lower than the Connecticut average.
  • The cost of living in Newington is 24% higher than the national average.
  • The cost of housing in Newington is 29% 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 Newington, 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 Newington, CT, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Newington, 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$85,000$7,083$1,983$2,550
Renters$49,953$4,163$1,165$1,499
The affordability of the housing market in Newington, 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 Newington, CT homeowners, the median income is $85,000. This indicates that a monthly maximum of $1,983 should be spent by homeowners on all housing related costs. Renters have a median income of $49,953. This indicates that renters should have a maximum of $1,165 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 Newington, 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

ItemNewingtonNational avg.Difference
Haircut $17.50$14.5919.9%
Beauty Salon $47.06$34.6835.7%
Toothpaste $3.22$2.4730.2%
Shampoo $1.17$1.0214.5%
Movie $10.07$9.872.0%
Bowling $7.17$4.3963.3%

Groceries

ItemNewingtonNational avg.Difference
Ground Beef $6.34$4.4841.6%
Fried Chicken $1.90$1.4629.8%
Milk $2.56$2.368.6%
Potatoes $4.51$3.0647.3%
Pizza $10.11$9.249.4%
Beer $10.03$8.6316.2%

Health Care

ItemNewingtonNational avg.Difference
Optometrist $116.73$99.7817.0%
Doctor $123.77$105.0317.8%
Dentist $122.94$88.7038.6%
Ibuprofen $11.38$9.4120.9%
Lipitor $267.92$298.5010.2%

Housing

ItemNewingtonNational avg.Difference
Home Price $232,400.00$175,700.0032.3%
Avg. Mortgage Payment $1,493.00$1,081.0338.1%
Apartment Rent $1,106.00$920.0020.2%

Transportation

ItemNewingtonNational avg.Difference
Gasoline $2.44$2.0916.6%
Tire Balancing $39.98$45.2911.7%

Utilities

ItemNewingtonNational avg.Difference
All Electricity$265.73$170.8055.6%
Phone $24.95$28.2611.7%
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.
New Britain, CT73,09511313%
Hartford, CT125,21111313%
Blue Hills, CT2,73511414%
East Hartford, CT51,21111414%
Rockville, CT7,34811515%
Newington, CT30,65212424%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Pueblo West, CO30,65592-8%
Wheat Ridge, CO30,6551077%
Springville, UT30,6491022%
Westfield, NJ30,64717171%
Kyle, TX30,664100-0%
Newington, CT30,65212424%
Source: The Newington, CT cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.