Cost Of Living in New Preston, CT

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F

34%

Overall NAT. AVG.

8%

Goods & Services NAT. AVG.

91%

Housing NAT. AVG.

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; 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	New Preston	Connecticut	National
Cost of living	134	118	100
Goods & Services	108	109	100
Groceries	99	102	100
Health care	113	109	100
Housing	191	137	100
Transportation	103	100	100
Utilities	133	130	100

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Cost Of Living Quick Facts

The cost of living in New Preston is 14% higher than the Connecticut average
The cost of living in New Preston is 34% higher than the national average
New Preston housing is 91% 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	$109,583	$9,132	$2,557	$3,288
Renters	$92,885	$7,740	$2,167	$2,787

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	New Preston	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	New Preston	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	New Preston	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	New Preston	National avg.	Difference
Home Price	$386,700.00	$184,700.00	109.4%
Avg. Mortgage Payment	$3,730.18	$2,346.69	59.0%
Apartment Rent	$1,400.00	$949.00	47.5%

Transportation

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

Utilities

Item	New Preston	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.
Sharon, CT	635	107	7.1%
Watchtower, NY	2,092	112	12.4%
Bantam, CT	606	101	1.0%
Torrington, CT	34,259	102	1.5%
Dover Plains, NY	1,051	104	4.0%
New Preston, CT	851	134	33.9%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Reece City, AL	851	89	11.3%
Deerfield, KS	851	80	20.5%
Epps, LA	851	74	26.5%
Marion, MI	851	79	21.4%
St. Stephen, MN	851	100	0.3%
New Preston, CT	851	134	33.9%