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From home prices to gas prices, being a resident of the Nutmeg state comes with a high price tag. According to WalletHub analyst Jill Gonzalez, the most important factors that affect cost of living in any area are housing, healthcare, food and taxes. In World Population Review data calculating the cost of living index by state in the U. Connecticut placed at the nine spot with a cost of living index of Using a cost of living index with representing the U.

According to this data, Connecticut places Tuesday, April 20, There was a meeting Wednesday night to discuss progress in improvements to Binney Park and what more is being done in the future.

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For example, if a prospective home buyer is searching for an area with a good school system, Glascock said the taxes in that area will naturally be higher. For Osman Kilic, chair of the finance department at Quinnipiac University, the three main factors out of these amenities that he said most people think of are housing, transportation and grocery costs — all of which are higher than the national average, according to World Population Review data.

Mississippi has the lowest cost of living index in the U. However, Glascock noted through his personal experiences with Louisiana and Texas that what may seem affordable can come with other expenses that contribute to the living costs. The Harbor Landing apartment complex at Southfield Ave. While housing costs are calculated to be about 45 percent higher than the national average in Connecticut, Kilic said he believes this is probably much higher considering the current market.

Because housing prices right now are booming nationwide, Kilic suggested that places like Connecticut that are in the New York City area have prices that are increasing much faster that the rest of the country. However, there is another way to consider the housing cost in the state, according to Glascock. For renters and buyers alike, this of course means having an income that will afford them the home of their choice, Kilic said.

However, renters in certain areas of Connecticut are seeing new constructions that free up existing rentals and bring down their costs. So instead of going after one of those larger apartments, you may go for one of those [single family homes] instead.

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For home buyers, however, Kilic said the current housing market bubble is making it difficult to find homes at any price, let alone affordable homes. Though for both buyers and renters, Kilic suggested that affordable homes should be part of infrastructure planning. The federal government and the state government have to come up with a plan and investment should be made as part of the infrastructure planning they are talking about right now.

An Amazon job fair in July in Hamden, Conn. According to Glascock, cost of living also needs to be adjusted to available jobs and their incomes. Further complicating this is that the way some Connecticut residents vote may not align with the wallets of others, Glascock said. That causes tension.

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But in many states, they just need a B. All of these are statements about the high quality of life that Connecticut citizens have voted for. Food costs in cities and states also can drive up cost of living, and like the housing market, this can be subject to supply issues as well, according to Kilic. When the weather pattern supply changes, it adjusts — it takes about six to nine months. For Glascock, looking at another location in comparison to Connecticut helps illuminate how geography — and voter influence — can affect food costs.

People there like good service and very good food and they wanted the staff paid well. Thus, you had a high cost of living. Schools, parks and other amenities. Housing costs. Jobs and income. Transportation costs. Food costs. Real Estate Guide. Your guide to finding a house or apartment in Connecticut. Our easy-to-use guide will help you navigate some of the most popular housing markets in CT.

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