Cost of living
Farmington, Connecticut
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Farmington, CT is #57 on the list Top 100 Best Places to Raise a Family in the Northeast in 2023, #59 on the list Top 100 Most Affordable U.S. Cities with Outstanding Education in 2022, #4 on the list Top 100 Best Places to Raise a Family in the Northeast in 2022
Cost of living in Farmington, Connecticut
Cost of living compared to USAthe highest
Cost of living compared to Connecticuthigh
Median household incomethe highest
Is it expensive to live in Farmington, Connecticut? When calculating the cost of living in Farmington, Connecticut we factor in state income tax rates, average housing rental prices, average property values, cost of living index, and more.
The cost of living in Farmington, Connecticut is the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and highAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Connecticut, while median household income in Farmington is $97,262 which is the highest Analytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and highAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Connecticut.
Taxes in Farmington, Connecticut
The sales tax rate in Farmington, Connecticut is 6.4%. Last year, the average property taxes paid was 2.2% Farmington, Connecticut.
Here is the table with the State Income Taxes in the state of Connecticut:
State Income Tax Brackets (Single):
| Income Bracket Threshold | Income Bracket Ceiling | Connecticut Income Tax Rate |
|---|---|---|
| $0 | $10,000 | 3.0% |
| $10,000 | $50,000 | 5.0% |
| $50,000 | $100,000 | 5.5% |
| $100,000 | $200,000 | 6.0% |
| $200,000 | $250,000 | 6.5% |
| $250,000 | $500,000 | 6.9% |
| $500,000 | $9,999,999 | 6.99% |
State Income Tax Brackets (Married):
| Income Bracket Threshold | Income Bracket Ceiling | Connecticut Income Tax Rate |
|---|---|---|
| $0 | $20,000 | 3.0% |
| $20,000 | $100,000 | 5.0% |
| $100,000 | $200,000 | 5.5% |
| $200,000 | $400,000 | 6.0% |
| $400,000 | $500,000 | 6.5% |
| $500,000 | $1,000,000 | 6.9% |
| $1,000,000 | $9,999,999 | 6.99% |
Housing costs in Farmington, Connecticut
The average cost of a single-family home compared to USAhigh
The average cost of a single-family home compared to Connecticutmoderate
In Farmington, Connecticut, 73.0% of the population owns their homes, while approximately 27.0% rent. The average cost of a single-family home in Farmington, Connecticut in 2022 is $335,242 which is highAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and moderateAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Connecticut. The average one-bedroom apartment cost is approximately $1,421 per month.
| Rental Size | Monthly Cost | Compared to Connecticut |
|---|---|---|
| 1 Bedroom | $1,421 | highAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest |
| 2 Bedroom | $1,763 | highAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest |
| 3 Bedroom | $2,144 | highAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest |
| 4 Bedroom | $2,617 | highAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest |
Pros and Cons of living in Farmington, Connecticut in reviews from users in their own words:
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