Cost Of Living in Cos Cob, CT

Get crime, demographics and other data for any location in Cos Cob, CT

F

114%

Overall NAT. AVG.

13%

Goods & Services NAT. AVG.

353%

Housing NAT. AVG.

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; 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	Cos Cob	Connecticut	National
Cost of living	214	118	100
Goods & Services	113	109	100
Groceries	105	102	100
Health care	110	109	100
Housing	453	137	100
Transportation	102	100	100
Utilities	131	130	100

See How Much House You Can Afford. Get Pre-Approved Today

Cost Of Living Quick Facts

The cost of living in Cos Cob is 82% higher than the Connecticut average
The cost of living in Cos Cob is 114% higher than the national average
Cos Cob housing is 353% 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 Cos Cob

See all the best places to live around Cos Cob

Compare Cos Cob, CT Cost of Living

Write a review to give others more information about this area.

See all Cos Cob poll results

The best places in Connecticut

Here are the best places to live in Connecticut

These are the largest cities in Connecticut

See the best places to live in Cos Cob

These are the 10 cheapest cities in Connecticut

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	$193,214	$16,101	$4,508	$5,797
Renters	$63,393	$5,283	$1,479	$1,902

A good way to judge both the affordability of the housing and the cost of living in Cos Cob is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Cos Cob has a median income of about $193,214 for people who own homes. Based on that number, a maximum of $4,508 should be spent on expenses related to housing. Renters have a slightly different median income, which is $63,393. Based on this average, renters should spend no more than $1,479 on all rental costs if they want to maintain a non-impoverished standard of living.

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	Cos Cob	National avg.	Difference
Haircut	$32.33	$24.26	33.3%
Beauty Salon	$48.56	$45.56	6.6%
Toothpaste	$3.66	$3.70	1.1%
Shampoo	$1.50	$1.28	17.4%
Movie	$13.76	$12.13	13.4%
Bowling	$19.63	$18.00	9.0%

Groceries

Item	Cos Cob	National avg.	Difference
Ground Beef	$6.34	$5.84	8.6%
Fried Chicken	$1.61	$1.57	2.4%
Milk	$4.73	$4.67	1.2%
Potatoes	$5.03	$4.93	1.9%
Pizza	$10.07	$12.09	16.7%
Beer	$10.62	$10.41	2.0%

Health Care

Item	Cos Cob	National avg.	Difference
Optometrist	$140.10	$125.68	11.5%
Doctor	$143.23	$135.78	5.5%
Dentist	$123.00	$113.29	8.6%
Ibuprofen	$11.00	$10.65	3.3%
Lipitor	$401.34	$468.60	14.4%

Housing

Item	Cos Cob	National avg.	Difference
Home Price	$1,038,900.00	$184,700.00	462.5%
Avg. Mortgage Payment	$1,857.27	$2,346.69	20.9%
Apartment Rent	$1,864.00	$949.00	96.4%

Transportation

Item	Cos Cob	National avg.	Difference
Gasoline	$3.33	$3.46	3.7%
Tire Balancing	$57.68	$59.92	3.7%

Utilities

Item	Cos Cob	National avg.	Difference
All Electricity	$281.67	$193.99	45.2%
Phone	$185.16	$192.25	3.7%

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	Population	Cost of Living Index	National Avg.
Cannondale, CT	440	112	12.4%
Greenville CDP (Greene County), NY	604	106	6.1%
Hartsdale, NY	3,205	133	32.7%
Mount Vernon, NY	67,623	137	37.4%
Ossining, NY	24,966	137	36.8%
Cos Cob, CT	7,065	214	114.5%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Hewlett, NY	7,064	163	62.7%
Delphos, OH	7,066	92	7.8%
Hudson Falls, NY	7,067	94	6.2%
Saint-Apollinaire, QC	7,067	n/a
Clarkston Heights-Vineland, WA	7,062	114	14.1%
Cos Cob, CT	7,065	214	114.5%