Trumbull, Connecticut Cost Of Living

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F

Overall 47%

Goods & Services 25%

Housing 106%

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	Trumbull	Connecticut	National
Cost of living	147	124	100
Goods & Services	125	123	100
Groceries	109	108	100
Health care	113	112	100
Housing	206	137	100
Transportation	110	114	100
Utilities	142	129	100

Key findings

The cost of living in Trumbull is 18% higher than the Connecticut average
The cost of living in Trumbull is 47% higher than the national average
Trumbull housing is 106% 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	$122,410	$10,201	$2,856	$3,673
Renters	$44,234	$3,686	$1,032	$1,327

The affordability of the housing market in Trumbull, CT as well as the overall cost of living can be predicted by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Trumbull homeowners, the median income is $122,410. This indicates that a monthly maximum of $2,856 should be spent by homeowners on all housing related costs. Renters have a median income of $44,234. This indicates that renters would have a maximum of $1,032 for their rent related monthly costs.

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	Trumbull	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	Trumbull	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	Trumbull	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	Trumbull	National avg.	Difference
Home Price	$392,800.00	$184,700.00	112.7%
Avg. Mortgage Payment	$1,408.65	$1,273.32	10.6%
Apartment Rent	$1,813.00	$949.00	91.0%

Transportation

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

Utilities

Item	Trumbull	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.
Cannondale, CT	92	120	20%
Bridgeport, CT	147,022	115	15%
New Haven, CT	130,405	117	17%
West Haven, CT	54,972	117	17%
Derby, CT	12,755	118	18%
Trumbull, CT	36,477	147	47%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Wake Forest, NC	36,472	108	8%
Bartlesville, OK	36,499	85	-15%
Marion, OH	36,568	84	-16%
Indian Trail, NC	36,357	102	2%
Fort Lee, NJ	36,607	130	30%
Trumbull, CT	36,477	147	47%

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

Trumbull, CT Cost of Living