Pawcatuck 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.
IndexPawcatuckConnecticutNational
Cost of living index124128100
IndexPawcatuckConnecticutNational
Goods & Services index123123100
Groceries index111125100
Health care index117117100
Housing index135144100
Transportation index111105100
Utilities index126130100
A general summary of the cost of living index in Pawcatuck, CT is shown above. Compared to the state average of Connecticut the cost of living index in Pawcatuck, CT is 124, which is 3% lower than the average in Connecticut and compared to the national average it is 24% higher than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Pawcatuck, CT goods and services come in at equal to the average in Connecticut and are 23% higher than compared to the nationwide average.

Did you know?

  • The cost of living in Pawcatuck is 3% lower than the Connecticut average.
  • The cost of living in Pawcatuck is 24% higher than the national average.
  • The cost of housing in Pawcatuck is 35% 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.

Find Real Estate Listings In Pawcatuck

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Pawcatuck

Compare Pawcatuck, CT Cost of living To Other Cities

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
The salary calculator is used in order to provide a comparison of your current salary in Pawcatuck, 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 Pawcatuck, CT, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Pawcatuck, 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$76,518$6,377$1,785$2,296
Renters$30,938$2,578$722$928
If you want to find a good determining factor for the cost of living and the general affordability of housing in Pawcatuck, CT, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Pawcatuck, CT, the median monthly income is $76,518 for those who own their own homes. Under the standard rule, that income level would allow for $1,785 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $30,938, per the median income in the area. That would allow for renters to spend up to $722 on monthly rental expenses.

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 you are determining the total cost of living in Pawcatuck, CT you will want to make sure you consider both the Connecticut sales tax and the Connecticut income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Connecticut is 6.35%, with the highest surtax being 6.35%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Connecticut have a range from 3% to 6.7%.

Goods & Services

ItemPawcatuckNational avg.Difference
Haircut $15.00$14.592.8%
Beauty Salon $40.00$34.6815.3%
Toothpaste $2.50$2.471.1%
Shampoo $1.25$1.0222.3%
Movie $11.75$9.8719.1%
Bowling $4.75$4.398.2%

Groceries

ItemPawcatuckNational avg.Difference
Ground Beef $4.49$4.480.3%
Fried Chicken $1.59$1.468.6%
Milk $3.39$2.3643.8%
Potatoes $3.99$3.0630.3%
Pizza $8.50$9.248.0%
Beer $8.32$8.633.6%

Health Care

ItemPawcatuckNational avg.Difference
Optometrist $125.00$99.7825.3%
Doctor $149.00$105.0341.9%
Dentist $98.00$88.7010.5%
Ibuprofen $10.25$9.418.9%
Lipitor $293.99$298.501.5%

Housing

ItemPawcatuckNational avg.Difference
Home Price $266,900.00$175,700.0051.9%
Avg. Mortgage Payment $1,392.30$1,081.0328.8%
Apartment Rent $888.00$920.003.5%

Transportation

ItemPawcatuckNational avg.Difference
Gasoline $2.33$2.0911.4%
Tire Balancing $49.00$45.298.2%

Utilities

ItemPawcatuckNational avg.Difference
All Electricity$213.54$170.8025.0%
Phone $36.19$28.2628.1%
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, CT1,64911414%
Long Hill, CT4,14811515%
New London, CT27,53611616%
Norwich, CT40,37811616%
Oxoboxo River, CT3,23011818%
Pawcatuck, CT5,42812424%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
St. Clair, MI5,42890-10%
East Freehold, NJ5,42914545%
Lehighton, PA5,42799-1%
Woodside, CA5,427217117%
Brewton, AL5,42686-14%
Pawcatuck, CT5,42812424%
Source: The Pawcatuck, CT cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.