Waterford, CT, shows a higher cost of living compared to the nationwide average, which is set at 100. The housing index stands at 128, indicating a 28% increase over the average. Other areas like groceries and healthcare also surpass the average, with indices of 110 and 112, respectively.
Utilities in Waterford are slightly below the national average at 98, while transportation and miscellaneous costs are close to average at 105 and 115, respectively. These figures suggest that while some living expenses are higher, others are on par with the national norm, providing a balanced view for prospective residents.
Waterford, CT, stands out with a cost of living index that is notably higher than the nationwide average. Housing costs are particularly elevated, with an index of 128, indicating that they are 28% higher than the national average. This makes housing one of the more significant expenses for residents in Waterford, surpassing the overall cost of living by a substantial margin.
Other areas of expenditure also reflect higher costs in Waterford. For instance, groceries have a cost of living index of 110, which is 10% above the national average. Utilities in Waterford sit at 98, showing a very minimal 2% decrease compared to the national average. Transportation costs are at 105, reflecting a 5% increase. Additionally, healthcare costs are 12% higher at 112, and miscellaneous expenses also rise by 15% with an index of 115. Overall, while Waterford offers a desirable living environment, potential residents should be prepared for expenses that, on average, exceed the national norms.
