Wallingford Center 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.
IndexWallingford CenterConnecticutNational
Cost of living index124128100
IndexWallingford CenterConnecticutNational
Goods & Services index121123100
Groceries index128125100
Health care index119117100
Housing index129144100
Transportation index109105100
Utilities index128130100
The above illustration supplies generalized information for the Wallingford Center, CT cost of living index. Compared to other cities in Connecticut and cities across the country, the cost of living index in Wallingford Center, CT is 124, which is 4% lower than the Connecticut average and 24% higher than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Wallingford Center, CT are 2% lower than the average for Connecticut and 21% higher than the rest of the country.

Did you know?

  • The cost of living in Wallingford Center is 4% lower than the Connecticut average.
  • The cost of living in Wallingford Center is 24% higher than the national average.
  • The cost of housing in Wallingford Center 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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Compare Wallingford Center, CT Cost of living To Other Cities

Salary Calculator

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The salary calculator is meant to help you compare your salary in Wallingford Center, CT to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Wallingford Center, CT, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Wallingford Center, CT salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$73,183$6,099$1,707$2,196
Renters$42,138$3,512$983$1,264
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Wallingford Center, CT, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Wallingford Center, CT has a median income of about $73,183 for people who own homes. Based on that number, a person should spend a maximum of $1,707 on expenses related to housing. Renters have a slightly different median income, which is $42,138. Based on this average, renters should spend no more than $983 on all of their rental costs if they want to maintain a non-impoverished standard of living.

Connecticut Sales Tax

StateGeneral Sales TaxWith Max Surtax
Connecticut6.35%6.35%

Connecticut Income Tax

StateIncome Tax (Low)Income Tax (High)
Connecticut3%6.7%
For those who live in Wallingford Center, CT and want to know what the true cost of living is, they ought to look at both the Connecticut income tax rate and the Connecticut sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In Connecticut, the sales tax is 6.35%, while the most you'll pay in surtax is 6.35%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in Connecticut, the income tax rate ranges between 3% to 6.7%.

Goods & Services

ItemWallingford CenterNational 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

ItemWallingford CenterNational 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

ItemWallingford CenterNational 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

ItemWallingford CenterNational avg.Difference
Home Price $240,700.00$175,700.0037.0%
Avg. Mortgage Payment $1,493.00$1,081.0338.1%
Apartment Rent $1,030.00$920.0012.0%

Transportation

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

Utilities

ItemWallingford CenterNational 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.
Waterbury, CT109,88711111%
Meriden, CT60,61611616%
Oakville, CT9,11811717%
Naugatuck, CT31,79011818%
New Haven, CT130,55311919%
Wallingford Center, CT17,82412424%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Tiffin, OH17,83588-12%
Creve Coeur, MO17,84112222%
Burke Centre, VA17,84213737%
Willimantic, CT17,84511111%
Boone, NC17,80211111%
Wallingford Center, CT17,82412424%
Source: The Wallingford Center, CT cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.