Cost of Living in Stamford, CT
| Cost of Living in Stamford, CT | Compared to State Average | Compared to National Average |
|---|---|---|
| Housing (Buy and Rent) | 39% higher | 73% higher |
| Utilities (Monthly) | 1% higher | 33% higher |
| Food | 1% higher | 5% higher |
| Healthcare | 8% higher | 18% higher |
| Transportation | 1% higher | 5% higher |
| Goods & Services | 3% higher | 15% higher |
The cost of living in Stamford, CT is 14% higher than the state average and 31% higher than the national average. Stamford, CT housing is 73% more expensive than the U.S average, while utilities are about 33% pricier. When it comes to basic necessities such as food and clothing, groceries are around 5% pricier in Stamford, CT than in the rest of the country, while clothing costs around 15% more .
Healthcare services such as doctor check-ups and dentistry cost 18% more here compared to the U.S. average. At the same time, non-necessary expenses such as entertainment and grooming services are 15% pricier in Stamford, CT.
Housing is the most significant expense for most American households. The cost of living in a certain city takes into account both the price of rent and the price of a home. The average monthly rent in Stamford is $2,990, while home prices circle around $862,713.
Both owning and renting come with utility expenses. These costs include basic services such as energy and telecommunications. In Stamford, energy bills cost around $340.42 per month.
Food is the most important necessity and its cost varies around the country. This section includes the prices of everyday foods such as produce, meat and dairy. A bottle of milk costs about $5.12 in Stamford, a dozen eggs go for around $5.30 and a pound of potatoes circles around $5.14.
The benchmark for this category is based on the prices of family doctor visits and specialized services such as optometry. In Stamford, an optometry check-up costs around $193.19, while a dentist appointment is priced $150.28 on average.
Transportation expenses depend on multiple factors, with fuel being the most important. A gallon of gas is priced around $3.13 in Stamford, while getting your tires balanced will run you about $72.41.
The cost of clothing tells you how much more or less money you need to buy basic items such as jeans, shirts or slacks in a new city. A men's shirt costs around $39.26 here. Meanwhile, a pair of women's slacks will set you back around $33.94.
The cost of entertainment and everyday services is based on common expenses in each category. For a movie ticket in Stamford, you should budget around $15.96 a month. When it comes to personal services, a haircut usually goes for $36.51, while dry cleaning costs about $22.10.
The cost of living also takes median household income into account, so you can estimate how much more or less you could be earning in a new city by comparing it to the income in your current area. In Stamford, the median household income is $111,586.