Cost of living in Danbury research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Danbury is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Connecticut, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Danbury is 128, with 100 being the average.
The cost of living index in Danbury is 1.3x higher than the national average.
Danbury ranks as the #43 cheapest in Connecticut out of 55.
Danbury ranks as the #5,183 cheapest out of 6,412 in the US.
The median home value in Danbury is $315,000.
The median income in Danbury is $74,600.
According to the most recent data on the cost of living, Danbury has an overall cost of living index of 128, which is 1.3x higher than the national index of 100.
Compared to Connecticut, Danbury has a cost of living index that's 1.1x higher than Connecticut's index of 114.
The standard of living in Danbury ranks as #43 most affordable out of the 55 places we measured in Connecticut. By definition, that implies Danbury ranks as the #12 most expensive place in the Constitution State.
For more reading on life in Danbury, check out:
Six factors go into calculating the cost of living index in Danbury. Here is how it fairs on each of the criteria:
The Services index in Danbury is 120.
The Groceries index in Danbury is 107.
The Health index in Danbury is 118.
The Housing index in Danbury is 150.
The Transportation index in Danbury is 114.
The Utilities index in Danbury is 132.
|Living Expense||Danbury||Connecticut||National Average|
Housing swings affordability the most between places in Connecticut, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Danbury is $315,000.
The Median Rent in Danbury is $1,568.
The Median Income in Danbury is $74,600.
The Home Value To Income in Danbury is 4.2x.
The Rent To Monthly Income in Danbury is 0.25x.
|Median Home Value||$315,000||$286,700||$244,900|
|Home Value To Income||4.2x||3.4x||3.5x|
|Rent To Monthly Income||0.25x||0.18x||0.2x|
The cost of living varies in the cities and towns around Danbury. Here's a quick look at the cost of living in the most populous nearby places:
Shelton, CT has a cost of living index of 131, 1.0x Danbury.
Jefferson Valley-Yorktown, NY has a cost of living index of 146, 1.1x Danbury.
Bethel, CT has a cost of living index of 128, 1.0x Danbury.