Cost Of Living in Heritage Village, CT

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	Heritage Village	Connecticut	National
Cost of living	110	118	100
Goods & Services	108	109	100
Groceries	99	102	100
Health care	113	109	100
Housing	112	137	100
Transportation	103	100	100
Utilities	133	130	100

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Cost Of Living Quick Facts

The cost of living in Heritage Village is 6% lower than the Connecticut average
The cost of living in Heritage Village is 10% higher than the national average
Heritage Village housing is 12% higher than the national average
Connecticut general sales tax is 24% higher than the national average
Connecticut state income tax is 16% 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	$52,396	$4,366	$1,222	$1,572
Renters	$43,185	$3,599	$1,008	$1,296

To approximate the cost of living and the housing affordability in Heritage Village, CT, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in Heritage Village have a median income of $52,396. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,222 per month to avoid calamity and poverty. The renters in the city have an income of about $43,185, which would make their monthly maximum allowable rental costs $1,008.

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	Heritage Village	National avg.	Difference
Haircut	$39.78	$24.26	64.0%
Beauty Salon	$69.00	$45.56	51.4%
Toothpaste	$3.86	$3.70	4.2%
Shampoo	$1.47	$1.28	14.8%
Movie	$15.07	$12.13	24.2%
Bowling	$24.00	$18.00	33.3%

Groceries

Item	Heritage Village	National avg.	Difference
Ground Beef	$6.28	$5.84	7.6%
Fried Chicken	$1.59	$1.57	1.4%
Milk	$4.83	$4.67	3.3%
Potatoes	$5.03	$4.93	2.0%
Pizza	$13.21	$12.09	9.3%
Beer	$10.53	$10.41	1.1%

Health Care

Item	Heritage Village	National avg.	Difference
Optometrist	$134.70	$125.68	7.2%
Doctor	$162.26	$135.78	19.5%
Dentist	$136.03	$113.29	20.1%
Ibuprofen	$11.26	$10.65	5.7%
Lipitor	$375.63	$468.60	19.8%

Housing

Item	Heritage Village	National avg.	Difference
Home Price	$155,500.00	$184,700.00	15.8%
Avg. Mortgage Payment	$3,730.18	$2,346.69	59.0%
Apartment Rent	$1,669.00	$949.00	75.9%

Transportation

Item	Heritage Village	National avg.	Difference
Gasoline	$3.47	$3.46	0.2%
Tire Balancing	$63.33	$59.92	5.7%

Utilities

Item	Heritage Village	National avg.	Difference
All Electricity	$296.64	$193.99	52.9%
Phone	$185.16	$192.25	3.7%

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

City	Population	Cost of Living Index	National Avg.
Waterbury, CT	107,841	101	1.1%
Terryville, CT	5,019	106	6.0%
Naugatuck, CT	31,201	108	8.4%
Thomaston, CT	1,730	107	7.2%
Derby, CT	12,420	110	9.7%
Heritage Village, CT	4,465	110	10.1%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Wamego, KS	4,465	95	5.0%
Sauk Centre, MN	4,466	98	2.2%
Wellington, OH	4,466	86	13.8%
Kaplan, LA	4,463	79	21.1%
Buhl, ID	4,462	86	13.9%
Heritage Village, CT	4,465	110	10.1%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Heritage Village, CT