Colchester, CT, shows a higher cost of living compared to the nationwide average. The overall cost of living index in Colchester stands at 105, which is 5% higher than the national average of 100. This increase is largely driven by housing costs, which are 20% higher than the average. Groceries, utilities, transportation, healthcare, and miscellaneous expenses also contribute to this elevated cost of living, though to a lesser extent.
Colchester, CT, presents a cost of living that is notably higher than the nationwide average. Housing costs in Colchester stand at 120, which is 20% above the national average. This means that housing expenses in Colchester are significantly higher, potentially impacting the budgets of those considering relocation. Groceries, another essential expense, are at 105, which is 5% higher than the average. This slight increase suggests that while groceries are not excessively costly, they still contribute to the overall higher cost of living in the area.
Utilities in Colchester, with an index of 98, are slightly below the national average, offering a small relief to residents. Transportation costs are also slightly lower, at 95, which is 5% below the average. This could be a positive factor for those who rely on personal vehicles. Healthcare, however, is 10% higher at 110, indicating that medical expenses are more significant in Colchester. Miscellaneous costs, at 102, are 2% above the average, reflecting minor additional expenses that add to the overall cost of living. Overall, Colchester presents a cost of living that is 10% higher than the national average, with housing and healthcare being the most significant contributors to this increase.
