Cost of Living in Stamford, CT
| Cost of Living in Stamford, CT | Compared to State Average | Compared to National Average |
|---|---|---|
| Housing (Buy and Rent) | 37% higher | 68% higher |
| Utilities (Monthly) | 1% higher | 32% higher |
| Food | 3% higher | 5% higher |
| Healthcare | 2% higher | 10% higher |
| Transportation | 2% higher | 5% higher |
| Goods & Services | 3% higher | 13% higher |
The cost of living in Stamford, CT is 13% higher than the state average and 28% higher than the national average. Stamford, CT housing is 68% more expensive than the U.S average, while utilities are about 32% 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 13% more .
Healthcare services such as doctor check-ups and dentistry cost 10% more here compared to the U.S. average. At the same time, non-necessary expenses such as entertainment and grooming services are 13% 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 $2,927, while home prices circle around $767,875.
Both owning and renting come with utility expenses. These costs include basic services such as energy and telecommunications. In Stamford, energy bills cost around $302.89 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 $4.85 in Stamford, a dozen eggs go for around $4.35 and a pound of potatoes circles around $4.84.
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 $140.98, while a dentist appointment is priced $137.28 on average.
Transportation expenses depend on multiple factors, with fuel being the most important. A gallon of gas is priced around $3.43 in Stamford, while getting your tires balanced will run you about $66.50.
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 $30.75 here. Meanwhile, a pair of women's slacks will set you back around $27.39.
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 $14.98 a month. When it comes to personal services, a haircut usually goes for $39.42, while dry cleaning costs about $17.04.
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 $107,474.