| Index | North Haven | Connecticut | National |
| Cost of living | 124 | 118 | 100 |
| Groceries | 104 | 106 | 100 |
| Health care | 112 | 111 | 100 |
| Housing | 156 | 139 | 100 |
| Transportation | 109 | 107 | 100 |
| Utilities | 109 | 108 | 100 |
| Lifestyle & Entertainment | 115 | 110 | 100 |
| Household Items | 108 | 106 | 100 |
| Education & Childcare | 122 | 116 | 100 |
Getting a feel for the cost of living in North Haven is essential for anyone planning to relocate, as it empowers them to make informed financial decisions, secure a comfortable lifestyle and maintain financial stability in their new environment. The cost of living in North Haven is 124, which is 24% higher than the national average. Relocating individuals may need to adjust their savings and investment strategies based on the cost of living in the new location. It influences decisions about retirement planning, investments and financial goals.
If you prioritize affordability when seeking a new place to live, North Haven may not be your ideal choice, as it ranks among the most expensive locations in the entire United States. A very small amount of areas exhibit a cost of living at least 20% higher than the national average, and unfortunately, North Haven falls into this category, which may not align with your preferences for a budget-friendly living environment.
Housing costs significantly influence the North Haven cost of living index, typically accounting for a substantial portion of one's post-tax income. Regrettably, within this particular region, expenses related to both residential ownership and renting exceeded those observed in an average city by 56.3%. This entails elements such as housing and rental prices, mortgage interest rates and insurance costs.
Is North Haven affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take North Haven, for instance, where the median home price falls 61.9% higher than the national average, and monthly rent rates are 43% higher than usual. Additionally, median income levels contribute to the equation, with North Haven flaunting a median household income of $157,072, 93.1% higher than the national norm.
Subsidies: Certain cities or states may implement government subsidies or assistance programs with the goal of alleviating the cost of living pressures on their residents. These programs encompass a broad spectrum of support mechanisms, including Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farming subsidies. Areas offering fewer subsidies may experience a rise in their cost of living.
Taxes: Cities that enforce higher taxes, covering both sales taxes and income taxes, can be a factor contributing to a higher cost of living. Paying more in taxes for everyday essentials like clothing and food inevitably leads to higher expenses. A higher income tax rate can further contribute to an overall elevated cost of living. In North Haven, the baseline sales tax rate begins at 6.35%, and income tax rates start at 3%.
Healthcare: Healthcare expenditures and insurance premium rates can vary significantly, contingent upon the particular city or state. Factors such as the accessibility of healthcare facilities, out-of-pocket expenses for doctor's appointments, dental care charges, prescription medication costs, and expenses related to specialized medical care can all have an impact on the overall cost of living. In North Haven, healthcare costs are 12.1% higher than the national average.
The cost of living data for North Haven shown above is based on a U.S. average baseline score of 100, making it easier to compare how far your dollar may go from one city to another. Housing uses U.S. Census home price and rental data, while all remaining values are AI-assisted estimates informed by regional pricing, climate, transportation dynamics, and local economic factors. These scores are best used for directional comparisons between cities.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $175,089 | $14,591 | $4,085 | $5,253 |
| Renters | $63,080 | $5,257 | $1,472 | $1,893 |
| State | General Sales Tax | With Max Surtax |
| Connecticut | 6.35% | 6.35% |
| State | Income Tax (Low) | Income Tax (High) |
| Connecticut | 3% | 6.99% |
| City | Population | Cost of Living Index | National Avg. |
| Waterbury, CT | 110,817 | 102 | 2.2% |
| Meriden, CT | 61,712 | 107 | 6.5% |
| Naugatuck, CT | 32,241 | 108 | 7.7% |
| Derby, CT | 12,684 | 109 | 9.1% |
| West Haven, CT | 56,258 | 109 | 9.5% |
| North Haven, CT | 24,450 | 124 | 24.0% |
| City | Population | Cost of Living Index | National Avg. |
| Lathrop, CA | 24,457 | 142 | 42.4% |
| Ponca City, OK | 24,463 | 85 | 15.3% |
| Essa, ON | 24,435 | n/a | |
| Forney, TX | 24,467 | 106 | 6.1% |
| Saginaw, TX | 24,477 | 103 | 3.5% |
| North Haven, CT | 24,450 | 124 | 24.0% |
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