Overall 58%
Goods & Services 23%
Housing 143%
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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.
Cost of living158122100
Goods & Services123118100
Health care116111100

Key findings

  • The cost of living in Stamford is 29% higher than the Connecticut average
  • The cost of living in Stamford is 58% higher than the national average
  • Stamford housing is 143% 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

Most Affordable Places to Live in and Around Stamford

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Compare Stamford, 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 IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      A good indicator of the general affordability of housing in Stamford, 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 Stamford, the median monthly income is $111,743 for those who own their own homes. Under the standard rule, that income level would allow for $2,607 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $59,047, per the median income in the area. That would allow for renters to spend up to $1,378 on monthly rental expenses.

      Connecticut Sales Tax

      StateGeneral Sales TaxWith Max Surtax

      Connecticut Income Tax

      StateIncome Tax (Low)Income Tax (High)

      Goods & Services

      ItemStamfordNational avg.Difference
      Haircut $36.87$20.2781.9%
      Beauty Salon $68.00$40.3968.3%
      Toothpaste $3.20$2.3635.8%
      Shampoo $1.01$1.086.5%
      Movie $13.68$10.9924.5%
      Bowling $19.53$15.4926.1%


      ItemStamfordNational avg.Difference
      Ground Beef $4.53$4.305.5%
      Fried Chicken $1.49$1.406.5%
      Milk $3.43$2.2055.6%
      Potatoes $3.68$3.2214.3%
      Pizza $10.46$10.742.6%
      Beer $10.24$9.606.7%

      Health Care

      ItemStamfordNational avg.Difference
      Optometrist $129.75$109.7318.2%
      Doctor $121.00$118.342.3%
      Dentist $131.60$100.9430.4%
      Ibuprofen $9.79$9.931.5%
      Lipitor $544.72$469.5316.0%


      ItemStamfordNational avg.Difference
      Home Price $504,200.00$184,700.00173.0%
      Avg. Mortgage Payment $2,039.75$1,229.6265.9%
      Apartment Rent $1,656.00$949.0074.5%


      ItemStamfordNational avg.Difference
      Gasoline $3.01$2.7111.1%
      Tire Balancing $69.64$51.8634.3%


      ItemStamfordNational avg.Difference
      All Electricity$281.85$170.8465.0%
      Phone $182.20$187.182.7%
      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

      CityPopulationCost of Living IndexNational Avg.
      Cannondale, CT9212121.2%
      Greenville CDP (Greene County), NY60411212.3%
      Hartsdale, NY5,41413131.2%
      Mount Vernon, NY68,21714242.2%
      Greenlawn, NY14,20814039.9%
      Stamford, CT127,41015857.9%

      Cities with similar population

      CityPopulationCost of Living IndexNational Avg.
      Topeka, KS127,4727921.3%
      Surprise, AZ127,4921011.3%
      Coral Springs, FL127,67312121.0%
      Concord, CA126,93814949.2%
      Elizabeth, NJ128,04211616.4%
      Stamford, CT127,41015857.9%
      Source: This data reflects 2021 and was released from C2ER in January, 2022; this is the most current data available.