Portland 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.
IndexPortlandConnecticutNational
Cost of living index123128100
IndexPortlandConnecticutNational
Goods & Services index121123100
Groceries index128125100
Health care index119117100
Housing index126144100
Transportation index109105100
Utilities index128130100
An overview of the general cost of living index for Portland, CT is displayed above for your reference. Residents in Portland, CT enjoy a cost of living index of 123. This index is 4% lower than the Connecticut average, and 23% 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 Portland, 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 Portland is 4% lower than the Connecticut average.
  • The cost of living in Portland is 23% higher than the national average.
  • The cost of housing in Portland is 26% 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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Use the salary calculator to compare your current salary in Portland, CT to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Portland, CT, then you would need to earn more income in order to maintain the same standard of living. To use the Portland, CT salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$77,473$6,456$1,808$2,324
Renters$22,175$1,848$517$665
The affordability of the housing market in Portland, 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 Portland, CT homeowners, the median income is $77,473. This indicates that a monthly maximum of $1,808 should be spent by homeowners on all housing related costs. Renters have a median income of $22,175. This indicates that renters should have a maximum of $517 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%
When you are determining the total cost of living in Portland, 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

ItemPortlandNational 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

ItemPortlandNational 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

ItemPortlandNational 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

ItemPortlandNational avg.Difference
Home Price $233,200.00$175,700.0032.7%
Avg. Mortgage Payment $1,493.00$1,081.0338.1%
Apartment Rent $1,004.00$920.009.1%

Transportation

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

Utilities

ItemPortlandNational 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%
East Hartford, CT51,21111414%
Manchester, CT30,62111616%
Meriden, CT60,61611616%
Portland, CT5,63412323%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Morris Plains, NJ5,63515050%
Marksville, LA5,63593-7%
Carterville, IL5,63588-12%
James City, NC5,63598-2%
Exeter, PA5,63393-7%
Portland, CT5,63412323%
Source: The Portland, CT cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.