Waterford, CT, shows a higher cost of living compared to the nationwide average. Housing costs are 20% higher, while groceries and healthcare also exceed the national average by 10% and 15%, respectively. Utilities and transportation costs are slightly below average, with utilities at 5% less and transportation at 5% more.
Overall, the cost of living index in Waterford, CT, stands at 108, which is 8% above the nationwide average of 100. This indicates that residents in Waterford can expect to spend more on essential living expenses than the average American.
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 120, indicating that residents pay 20% more than the national average for housing. This higher cost can significantly impact overall living expenses, making it a crucial factor for job seekers to consider.
In addition to housing, other expenses in Waterford also reflect higher costs. Groceries, for instance, have a cost of living index of 110, meaning they are 10% more expensive than the national average. Utilities, however, are slightly lower at 95, which translates to a 5% reduction in cost compared to the nationwide average. Transportation costs are at 105, indicating a 5% increase. Healthcare costs are also higher, with an index of 115, reflecting a 15% increase over the national average. Miscellaneous expenses remain at par with the national average at 100. These variations highlight the importance of understanding local costs when planning a move to Waterford.
