Cost Of Living in Thompsonville, CT

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Thompsonville	Connecticut	National
Cost of living	106	118	100
Goods & Services	108	109	100
Groceries	101	102	100
Health care	103	109	100
Housing	104	137	100
Transportation	96	100	100
Utilities	127	130	100

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Cost Of Living Quick Facts

The cost of living in Thompsonville is 10% lower than the Connecticut average
The cost of living in Thompsonville is 6% higher than the national average
Thompsonville housing is 4% higher than the national average
Connecticut general sales tax is 24% higher than the national average
Connecticut state income tax is 16% higher than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$81,993	$6,833	$1,913	$2,460
Renters	$32,238	$2,687	$752	$967

The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Thompsonville, CT, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Thompsonville homeowners, is $81,993. This would allow for a maximum of $1,913 per month to be spent on housing costs. For renters, the median monthly income is $32,238 which would result in a maximum of $752 to be spent on rental costs.

Connecticut Sales Tax

State	General Sales Tax	With Max Surtax
Connecticut	6.35%	6.35%

Connecticut Income Tax

State	Income Tax (Low)	Income Tax (High)
Connecticut	3%	6.99%

Goods & Services

Item	Thompsonville	National avg.	Difference
Haircut	$33.78	$24.26	39.2%
Beauty Salon	$58.55	$45.56	28.5%
Toothpaste	$3.65	$3.70	1.5%
Shampoo	$1.42	$1.28	10.9%
Movie	$12.85	$12.13	5.9%
Bowling	$18.33	$18.00	1.9%

Groceries

Item	Thompsonville	National avg.	Difference
Ground Beef	$6.23	$5.84	6.7%
Fried Chicken	$1.46	$1.57	7.4%
Milk	$4.73	$4.67	1.2%
Potatoes	$4.96	$4.93	0.6%
Pizza	$10.79	$12.09	10.7%
Beer	$10.49	$10.41	0.8%

Health Care

Item	Thompsonville	National avg.	Difference
Optometrist	$166.22	$125.68	32.3%
Doctor	$182.50	$135.78	34.4%
Dentist	$127.00	$113.29	12.1%
Ibuprofen	$10.89	$10.65	2.2%
Lipitor	$384.88	$468.60	17.9%

Housing

Item	Thompsonville	National avg.	Difference
Home Price	$179,900.00	$184,700.00	2.6%
Avg. Mortgage Payment	$2,110.08	$2,346.69	10.1%
Apartment Rent	$1,146.00	$949.00	20.8%

Transportation

Item	Thompsonville	National avg.	Difference
Gasoline	$3.34	$3.46	3.4%
Tire Balancing	$71.63	$59.92	19.5%

Utilities

Item	Thompsonville	National avg.	Difference
All Electricity	$302.09	$193.99	55.7%
Phone	$185.16	$192.25	3.7%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Blue Hills, CT	2,600	102	2.0%
Springfield, MA	153,677	102	2.1%
Rockville, CT	7,084	102	2.4%
Stafford Springs, CT	4,784	104	3.8%
Manchester, CT	35,946	105	4.7%
Thompsonville, CT	8,563	106	6.3%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Lake of the Woods, VA	8,565	117	16.8%
Monroe, NY	8,567	132	32.3%
Sitka, AK	8,569	141	41.4%
Boischatel, QC	8,556	n/a
Hoquiam, WA	8,570	101	0.9%
Thompsonville, CT	8,563	106	6.3%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Thompsonville, CT