Wolcott, CT, exhibits a cost of living that is notably higher than the nationwide average. Housing in Wolcott stands at 130 on the cost index, indicating it is 30% more expensive than the national benchmark. Furthermore, groceries, utilities, healthcare, and miscellaneous costs also surpass the average, while transportation remains slightly below at 97.
This data highlights that prospective residents of Wolcott can expect to allocate more of their budget to essential expenses. The higher cost of living is particularly noticeable in housing and healthcare, areas where costs are significantly elevated compared to the national average.
Wolcott, CT, has a higher cost of living compared to the nationwide average. The housing index stands at 130, meaning housing costs are 30% higher than the national average. Job seekers should plan for a larger share of their income to be allocated to housing in Wolcott. Groceries also cost more, with an index of 105, which is 5% above the national average. This slight increase in grocery prices can add up over time, impacting monthly budgets.
Utilities in Wolcott are 10% higher, with an index of 110, which means energy costs are more significant than the nationwide average. Transportation costs, however, are slightly lower, with an index of 97, offering a 3% reduction compared to national figures. Healthcare expenses reflect a modest 15% increase, indexed at 115, while miscellaneous costs are just 2% above average at 102. These varied expenses indicate that while some areas offer savings, others, like housing and groceries, require higher spending.
