Storrs 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.
IndexStorrsConnecticutNational
Cost of living index121128100
IndexStorrsConnecticutNational
Goods & Services index120121100
Groceries index120128100
Health care index119117100
Housing index126144100
Transportation index122114100
Utilities index112116100
An overview of the general cost of living index for Storrs, CT is displayed above for your reference. Residents in Storrs, CT enjoy a cost of living index of 121. This index is 5% lower than the Connecticut average, and 21% 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 Storrs, 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 Storrs is 5% lower than the Connecticut average.
  • The cost of living in Storrs is 21% higher than the national average.
  • The cost of housing in Storrs 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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Compare Storrs, CT Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in Storrs, 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 Storrs, CT, then you would need to earn more income in order to maintain the same standard of living. To use the Storrs, 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$105,000$8,750$2,450$3,150
Renters$20,417$1,701$476$613
If you want to find a good determining factor for the cost of living and the general affordability of housing in Storrs, 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 Storrs, CT, the median monthly income is $105,000 for those who own their own homes. Under the standard rule, that income level would allow for $2,450 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $20,417, per the median income in the area. That would allow for renters to spend up to $476 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 considering the overall cost of living expenses in Storrs, 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

ItemStorrsNational 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

ItemStorrsNational 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

ItemStorrsNational 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

ItemStorrsNational avg.Difference
Home Price $229,900.00$175,700.0030.8%
Avg. Mortgage Payment $1,486.15$1,133.2331.1%
Apartment Rent $1,052.00$920.0014.3%

Transportation

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

Utilities

ItemStorrsNational 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.
Willimantic, CT17,84511010%
Stafford Springs, CT4,73411111%
Jewett City, CT3,48811010%
Baltic, CT1,14211313%
Rockville, CT7,34811313%
Storrs, CT15,37412121%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Aldine, TX15,37585-15%
Seagoville, TX15,37992-8%
Ladson, SC15,3691000%
Conway, FL15,3821000%
Hanover, PA15,36596-4%
Storrs, CT15,37412121%
Source: The Storrs, CT cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.