C-
8%
Overall NAT. AVG.
8%
Goods & Services NAT. AVG.
11%
Housing NAT. AVG.
Search Homes for Sale
Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
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 Windsor Locks Connecticut National
Cost of living108118100
Goods & Services108109100
Groceries101102100
Health care103109100
Housing111137100
Transportation96100100
Utilities127130100

An Overview of Cost of Living in Windsor Locks, CT

The cost of living in Windsor Locks affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in Windsor Locks is 108, which is 8% higher than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.

The cost of living in Windsor Locks aligns closely with the national average when compared to other cities across the nation. Everyday essentials such as groceries, goods and services, health care and utility bills are priced at a level consistent with the average in similar urban areas. Windsor Locks residents can anticipate that their daily expenses won't be significantly higher than those in an average city, ensuring that the cost of living remains manageable.

Is Windsor Locks Affordable?

Is Windsor Locks an affordable place to live? That's a valid question to ask when you're thinking about moving to a new city. After all, how much it costs to live somewhere can be a huge factor in your decision. Affordability can be broken down into 3 common categories. The cost of living index (we talked about it earlier), housing expenses and income levels all play a big role in figuring out if a place is affordable. For instance, in Windsor Locks, the median home price is 5.7% higher than what most folks pay across the country, and monthly rent prices are 23.7% higher than the usual rates. Income levels in Windsor Locks come in at $72,090, which is 30.3% higher than the national average.

What Factors can Influence the Cost of Living in Windsor Locks?

Housing: When there's a high demand for housing in trendy places, it can cause property prices and rental rates to soar, leading to a significantly higher cost of living. Conversely, in less desirable locations, where demand is low, prices tend to decrease, resulting in a more budget-friendly cost of living. In Windsor Locks, the housing index is 11.1% higher than the national average.

Subsidies: Certain regions may provide government subsidies or assistance initiatives designed to alleviate the cost of living burden on their residents. These programs encompass a wide range of support mechanisms, such as Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farming subsidies. Areas with fewer subsidy offerings might experience an elevation in their cost of living.

Urbanization: Urban areas with extensive amenities and job opportunities tend to have a higher cost of living due to increased demand for services and relocation, resulting in higher home prices and higher rents. Less densely populated rural areas, or areas with less demand tend to have fewer amenities and slower job growth, which results in a lower cost of living.

Where is the Data From?

The cost of living in Windsor Locks, presented above is derived from the C2ER cost of living index, offering a practical method for assessing living cost disparities in urban areas. Published quarterly, this index compiles data from more than 300 independent researchers, encompassing over 60 goods and services in 6 categories. The weightings assigned to cost variances are informed by government survey data tracking the expenditure patterns of professional and executive households. It should be noted that the C2ER index does not include data on sales or income tax rates, however, AreaVibes incorporates tax rates into the overall cost of living score for each area.

New Real Estate Listings in Windsor Locks Area
Search Homes for Sale in Windsor Locks, CT

Cost Of Living Quick Facts

  • The cost of living in Windsor Locks is 8% lower than the Connecticut average
  • The cost of living in Windsor Locks is 8% higher than the national average
  • Windsor Locks housing is 11% 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

Most Affordable Places to Live in and Around Windsor Locks

See all the best places to live around Windsor Locks

Compare Windsor Locks, CT Cost of Living

      vs
      How would you rate the cost of living in Windsor Locks?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Windsor Locks?
      Write a review to give others more information about this area.
      See all Windsor Locks poll results

      Salary Calculator

      This is how much you would need to earn in
      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$86,290$7,191$2,013$2,589
      Renters$39,792$3,316$928$1,194
      A good way to judge both the affordability of the housing and the cost of living in Windsor Locks is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Windsor Locks has a median income of about $86,290 for people who own homes. Based on that number, a maximum of $2,013 should be spent on expenses related to housing. Renters have a slightly different median income, which is $39,792. Based on this average, renters should spend no more than $928 on all rental costs if they want to maintain a non-impoverished standard of living.

      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 Windsor Locks National avg. Difference
      Haircut $33.78$24.2639.2%
      Beauty Salon $58.55$45.5628.5%
      Toothpaste $3.65$3.701.5%
      Shampoo $1.42$1.2810.9%
      Movie $12.85$12.135.9%
      Bowling $18.33$18.001.9%

      Groceries

      Item Windsor Locks National avg. Difference
      Ground Beef $6.23$5.846.7%
      Fried Chicken $1.46$1.577.4%
      Milk $4.73$4.671.2%
      Potatoes $4.96$4.930.6%
      Pizza $10.79$12.0910.7%
      Beer $10.49$10.410.8%

      Health Care

      Item Windsor Locks National avg. Difference
      Optometrist $166.22$125.6832.3%
      Doctor $182.50$135.7834.4%
      Dentist $127.00$113.2912.1%
      Ibuprofen $10.89$10.652.2%
      Lipitor $384.88$468.6017.9%

      Housing

      Item Windsor Locks National avg. Difference
      Home Price $195,200.00$184,700.005.7%
      Avg. Mortgage Payment $2,110.08$2,346.6910.1%
      Apartment Rent $1,174.00$949.0023.7%

      Transportation

      Item Windsor Locks National avg. Difference
      Gasoline $3.34$3.463.4%
      Tire Balancing $71.63$59.9219.5%

      Utilities

      Item Windsor Locks National avg. Difference
      All Electricity $302.09$193.9955.7%
      Phone $185.16$192.253.7%
      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, CT2,6001022.0%
      Springfield, MA153,6771022.1%
      Rockville, CT7,0841022.4%
      Hartford, CT122,5491043.9%
      East Hartford, CT50,0361044.2%
      Windsor Locks, CT12,7321088.3%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Gaffney, SC12,7338613.9%
      College, AK12,73413635.8%
      Port Neches, TX12,729991.0%
      Commerce, CA12,73814040.3%
      Franklin Park, NJ12,73812423.5%
      Windsor Locks, CT12,7321088.3%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.