F
Overall 11%
Goods & Services 21%
Housing 2%
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.
IndexThompsonvilleConnecticutNational
Cost of living111124100
Goods & Services121123100
Groceries107108100
Health care106112100
Housing98137100
Transportation108114100
Utilities122129100

Key findings

  • The cost of living in Thompsonville is 11% lower than the Connecticut average
  • The cost of living in Thompsonville is 11% higher than the national average
  • Thompsonville housing is 2% lower than the national average
  • Connecticut general sales tax is 25% higher than the national average
  • Connecticut state income tax is 35% higher than the national average

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Compare Thompsonville, CT Cost of Living

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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 IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$87,700$7,308$2,046$2,631
      Renters$39,608$3,301$924$1,188
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Thompsonville, CT, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Thompsonville homeowners, is $87,700. This would allow for a maximum of $2,046 per month to be spent on housing costs. For renters, the median monthly income is $39,608 which would result in a maximum of $924 to be spent on rental costs.

      Connecticut Sales Tax

      StateGeneral Sales TaxWith Max Surtax
      Connecticut6.35%6.35%

      Connecticut Income Tax

      StateIncome Tax (Low)Income Tax (High)
      Connecticut3%6.99%

      Goods & Services

      ItemThompsonvilleNational avg.Difference
      Haircut $28.20$17.4961.2%
      Beauty Salon $47.40$38.1724.2%
      Toothpaste $1.75$2.3224.6%
      Shampoo $0.99$1.012.2%
      Movie $11.60$10.728.2%
      Bowling $19.00$13.8637.1%

      Groceries

      ItemThompsonvilleNational avg.Difference
      Ground Beef $3.45$3.9011.5%
      Fried Chicken $1.67$1.4019.7%
      Milk $1.97$1.960.4%
      Potatoes $3.51$3.1810.3%
      Pizza $9.79$10.395.8%
      Beer $10.19$9.2310.4%

      Health Care

      ItemThompsonvilleNational avg.Difference
      Optometrist $156.20$106.3446.9%
      Doctor $115.00$115.250.2%
      Dentist $105.80$98.387.5%
      Ibuprofen $8.89$9.264.0%
      Lipitor $477.60$466.472.4%

      Housing

      ItemThompsonvilleNational avg.Difference
      Home Price $178,400.00$184,700.003.4%
      Avg. Mortgage Payment $1,431.64$1,273.3212.4%
      Apartment Rent $971.00$949.002.3%

      Transportation

      ItemThompsonvilleNational avg.Difference
      Gasoline $2.66$2.592.5%
      Tire Balancing $58.32$48.9019.3%

      Utilities

      ItemThompsonvilleNational avg.Difference
      All Electricity$238.43$167.6042.3%
      Phone $174.02$163.426.5%
      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, StatePopulationCost of Living IndexNational Avg.
      Springfield, MA153,9911066%
      Blue Hills, CT3,1811077%
      Stafford Springs, CT5,0441077%
      Rockville, CT7,1781099%
      Chicopee, MA56,1001099%
      Thompsonville, CT8,87311111%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Succasunna, NJ8,87413131%
      Glencoe, IL8,87018888%
      Quakertown, PA8,8691011%
      Alexandria, KY8,87896-4%
      Molalla, OR8,86711414%
      Thompsonville, CT8,87311111%
      Source: The Thompsonville, CT cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.