Waterford, CT, has a higher cost of living compared to the nationwide average. Housing costs 10% more, while groceries are 5% higher. Utilities are slightly below the average, at 2% less, and transportation costs 5% less. Healthcare expenses are 3% above the average, and miscellaneous costs are 2% higher. Overall, the cost of living in Waterford, CT, is 7% above the national average.
Waterford, CT, shows a cost of living index that varies across different categories when compared to the nationwide average, which is set at 100. Housing costs in Waterford stand at 110, indicating that residents pay 10% more than the national average. This higher housing index suggests that finding affordable housing may be more challenging in Waterford.
Other expenses, such as groceries, also reflect a slight increase, with an index of 105. This means that grocery costs are 5% higher than the national average. Utilities, however, are slightly below the average, with an index of 98, indicating a 2% savings on utility bills. Transportation costs are at 95, which means they are 5% lower than the average. Healthcare costs in Waterford are at 103, showing a 3% increase over the national average. Miscellaneous expenses, with an index of 102, are 2% higher than the average. Overall, Waterford presents a mixed picture of cost of living, with some areas being more expensive and others offering savings.
