Cost of Living in Cheshire Village, CT

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F
24%
Overall NAT. AVG.
7%
Goods & Services NAT. AVG.
57%
Housing NAT. AVG.
Date & Last Updated: This data reflects 2025 and was released from C2ER in January, 2026; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Cheshire Village Connecticut National
Cost of living124119100
Goods & Services107110100
Groceries103104100
Health care113111100
Housing157139100
Transportation102104100
Utilities135131100
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Homes For Sale In Cheshire Village, CT

property for sale

140 Willow St

Cheshire, CT
property for sale

393 E Mitchell Ave #393

Cheshire, CT
property for sale

66 Old Towne Rd #66

Cheshire, CT
property for sale

435 Maple Ave

Cheshire, CT

Cost Of Living Quick Facts

  • The cost of living in Cheshire Village is 4% higher than the Connecticut average
  • The cost of living in Cheshire Village is 24% higher than the national average
  • Cheshire Village housing is 57% higher than the national average
  • Connecticut general sales tax is 24% higher than the national average
  • Connecticut state income tax is 16% higher than the national average

Most Affordable Places to Live in and Around Cheshire Village

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Compare Cheshire Village, CT Cost of Living

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      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

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$189,309$15,776$4,417$5,680
      Renters$35,362$2,947$825$1,061
      A good indicator of the general affordability of housing in Cheshire Village, CT, 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 Cheshire Village, the median monthly income is $189,309 for those who own their own homes. Under the standard rule, that income level would allow for $4,417 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $35,362, per the median income in the area. That would allow for renters to spend up to $825 on monthly rental expenses.

      Connecticut Sales Tax

      State General Sales Tax With Max Surtax
      Connecticut 6.35% 6.35%

      Connecticut Income Tax

      State Income Tax (Low) Income Tax (High)
      Connecticut 3% 6.99%

      Goods & Services

      Item Cheshire Village National avg. Difference
      Haircut $32.63$27.6218.2%
      Beauty Salon $65.50$51.1128.2%
      Toothpaste $4.14$4.091.2%
      Shampoo $1.69$1.549.6%
      Movie $13.63$12.885.8%
      Yoga $22.03$19.6612.0%

      Groceries

      Item Cheshire Village National avg. Difference
      Ground Beef $7.48$7.702.9%
      Fried Chicken $1.54$1.667.4%
      Milk $5.02$4.736.1%
      Potatoes $5.24$5.260.3%
      Pizza $10.17$12.7620.3%
      Beer $11.05$10.554.7%

      Health Care

      Item Cheshire Village National avg. Difference
      Optometrist $220.55$140.0657.5%
      Doctor $197.11$153.8228.1%
      Dentist $129.70$123.155.3%
      Ibuprofen $12.12$11.733.3%
      Lipitor $21.90$23.617.2%

      Housing

      Item Cheshire Village National avg. Difference
      Home Price $588,584.00$326,622.0080.2%
      Avg. Mortgage Payment $1,947.46$2,480.2521.5%
      Apartment Rent $1,484.00$1,444.002.8%

      Transportation

      Item Cheshire Village National avg. Difference
      Gasoline $3.05$3.060.1%
      Tire Balancing $70.37$65.217.9%

      Utilities

      Item Cheshire Village National avg. Difference
      All Electricity $349.42$220.1258.7%
      Phone $189.68$195.713.1%
      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 Population Cost of Living Index National Avg.
      Waterbury, CT110,8171021.9%
      New Britain, CT74,9631043.8%
      Meriden, CT61,7121055.5%
      Terryville, CT5,2031087.6%
      Naugatuck, CT32,2411099.1%
      Cheshire Village, CT6,63212424.1%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Valley City, ND6,631936.6%
      Brattleboro, VT6,6311065.5%
      Port-Cartier, QC6,631n/a 
      Ishpeming, MI6,6308218.1%
      Ewa Villages, HI6,63417575.0%
      Cheshire Village, CT6,63212424.1%
      Date & Last Updated: This data reflects 2025 and was released from C2ER in January, 2026; this is the most current data available.
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