Shelton, Connecticut Cost Of Living

Buy Rent

F

Overall 35%

Goods & Services 25%

Housing 66%

Date & Last Updated: This data reflects 2019 and was released from C2ER in January, 2020; 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	Shelton	Connecticut	National
Cost of living	135	124	100
Goods & Services	125	123	100
Groceries	109	108	100
Health care	113	112	100
Housing	166	137	100
Transportation	110	114	100
Utilities	142	129	100

Key findings

The cost of living in Shelton is 8% higher than the Connecticut average
The cost of living in Shelton is 35% higher than the national average
Shelton housing is 66% higher than the national average
Connecticut general sales tax is 25% higher than the national average
Connecticut state income tax is 22% higher than the national average

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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	$95,353	$7,946	$2,225	$2,861
Renters	$46,544	$3,879	$1,086	$1,396

A good indicator of the general affordability of housing in Shelton, 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 Shelton, the median monthly income is $95,353 for those who own their own homes. Under the standard rule, that income level would allow for $2,225 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $46,544, per the median income in the area. That would allow for renters to spend up to $1,086 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	Shelton	National avg.	Difference
Haircut	$27.40	$17.49	56.7%
Beauty Salon	$53.80	$38.17	40.9%
Toothpaste	$1.75	$2.32	24.6%
Shampoo	$0.97	$1.01	4.1%
Movie	$12.70	$10.72	18.4%
Bowling	$19.20	$13.86	38.5%

Groceries

Item	Shelton	National avg.	Difference
Ground Beef	$3.99	$3.90	2.3%
Fried Chicken	$1.68	$1.40	20.4%
Milk	$2.51	$1.96	27.9%
Potatoes	$3.99	$3.18	25.4%
Pizza	$9.39	$10.39	9.7%
Beer	$9.99	$9.23	8.2%

Health Care

Item	Shelton	National avg.	Difference
Optometrist	$114.60	$106.34	7.8%
Doctor	$131.60	$115.25	14.2%
Dentist	$116.80	$98.38	18.7%
Ibuprofen	$9.09	$9.26	1.8%
Lipitor	$521.84	$466.47	11.9%

Housing

Item	Shelton	National avg.	Difference
Home Price	$338,200.00	$184,700.00	83.1%
Avg. Mortgage Payment	$1,408.65	$1,273.32	10.6%
Apartment Rent	$1,195.00	$949.00	25.9%

Transportation

Item	Shelton	National avg.	Difference
Gasoline	$2.84	$2.59	9.6%
Tire Balancing	$55.94	$48.90	14.4%

Utilities

Item	Shelton	National avg.	Difference
All Electricity	$299.32	$167.60	78.6%
Phone	$174.02	$163.42	6.5%

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, State	Population	Cost of Living Index	National Avg.
Naugatuck, CT	31,625	114	14%
Bridgeport, CT	147,022	115	15%
Heritage Village, CT	3,875	116	16%
New Haven, CT	130,405	117	17%
West Haven, CT	54,972	117	17%
Shelton, CT	40,979	135	35%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Beverly, MA	40,967	138	38%
Wilkes-Barre, PA	40,964	87	-13%
Edmonds, WA	41,020	149	49%
Mankato, MN	40,900	96	-4%
Coram, NY	40,899	137	37%
Shelton, CT	40,979	135	35%

Source: The Shelton, CT cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.