Derby, CT Cost Of Living
Cost Of Living In Derby, CT Summary
Cost of living in Derby 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 Derby 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 Derby is 112, with 100 being the average.
The cost of living index in Derby is 1.1x higher than the national average.
Derby ranks as the #27 cheapest in Connecticut out of 56.
Derby ranks as the #3,863 cheapest out of 6,489 in the US.
The median home value in Derby is $338,270.
The median income in Derby is $76,263.
Table Of Contents
Derby's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Derby, CT?
According to the most recent data on the cost of living, Derby has an overall cost of living index of 112, which is 1.1x higher than the national index of 100.
Compared to Connecticut, Derby has a cost of living index that's 0.9x lower than Connecticut's index of 119.
The standard of living in Derby ranks as #27 most affordable out of the 56 places we measured in Connecticut. By definition, that implies Derby ranks as the #29 most expensive place in the Constitution State.
For more reading on life in Derby, check out:
In Connecticut
In America
Derby Cost Of Living Vs. Connecticut
Six factors go into calculating the cost of living index in Derby. Here is how it fairs on each of the criteria:
The Services index in Derby is 109.
The Groceries index in Derby is 98.
The Health index in Derby is 112.
The Housing index in Derby is 112.
The Transportation index in Derby is 104.
The Utilities index in Derby is 131.
| Living Expense | Derby | Connecticut | National Average | |
|---|---|---|---|---|
| Overall | 112 | 119 | 100 | |
| Services | 109 | 109 | 100 | |
| Groceries | 98 | 100 | 100 | |
| Health | 112 | 110 | 100 | |
| Housing | 112 | 137 | 100 | |
| Transportation | 104 | 101 | 100 | |
| Utilities | 131 | 131 | 100 | |
Derby, CT Housing Cost Breakdown
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 2019-2023. The key points are:
The Median Home Value in Derby is $338,270.
The Median Rent in Derby is $1,453.
The Median Income in Derby is $76,263.
The Home Value To Income in Derby is 4.4x.
The Rent To Monthly Income in Derby is 0.23x.
| Statistic | Derby | Connecticut | United States |
|---|---|---|---|
| Median Home Value | $338,270 | $430,086 | $303,400 |
| Median Rent | $1,453 | $1,431 | $1,348 |
| Median Income | $76,263 | $93,760 | $78,538 |
| Home Value To Income | 4.4x | 4.6x | 3.9x |
| Rent To Monthly Income | 0.23x | 0.18x | 0.21x |
Median Home Value
Median Rent
Median Income
Derby, CT Costs By Category
Detailed Derby Services Costs Vs. Connecticut
| Item | Derby | Connecticut |
|---|---|---|
| Shampoo | $1.47 | $1.28 |
| Movie | $15.07 | $12.13 |
| Bowling | $24.0 | $18 |
| Haircut | $39.78 | $24.26 |
| Beauty Salon | $69.0 | $45.56 |
Detailed Derby Groceries Costs Vs. Connecticut
| Item | Derby | Connecticut |
|---|---|---|
| Ground Beef | $6.28 | $5.84 |
| Fried Chicken | $1.59 | $1.57 |
| Milk | $4.83 | $4.67 |
| Potatoes | $5.03 | $4.93 |
| Pizza | $13.21 | $12.09 |
| Beer | $10.53 | $10.41 |
| Toothpaste | $3.86 | $3.7 |
Detailed Derby Health Costs Vs. Connecticut
| Item | Derby | Connecticut |
|---|---|---|
| Optometrist | $134.7 | $125.68 |
| Doctor | $162.26 | $135.78 |
| Dentist | $136.03 | $113.29 |
Detailed Derby Transportation Costs Vs. Connecticut
| Item | Derby | Connecticut |
|---|---|---|
| Gasoline | $3.47 | $3.46 |
| Tire Balancing | $63.33 | $59.92 |
Detailed Derby Utilities Costs Vs. Connecticut
| Item | Derby | Connecticut |
|---|---|---|
| All Electricity | $296.64 | $193.99 |
| Phone | $185.16 | $192.25 |
Derby SnackAbility
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Cost Of Living In Cities Around Derby
The cost of living varies in the cities and towns around Derby. Here's a quick look at the cost of living in the most populous nearby places:
Bridgeport, CT has a cost of living index of 108, 1.0x Derby.
New Haven, CT has a cost of living index of 110, 1.0x Derby.
West Haven, CT has a cost of living index of 112, 1.0x Derby.
| City | Population | Cost Of Living | Vs. Derby |
|---|---|---|---|
| Bridgeport, CT | 148,012 | 108 | 1.0x |
| New Haven, CT | 132,893 | 110 | 1.0x |
| West Haven, CT | 55,147 | 112 | 1.0x |
| Shelton, CT | 41,402 | 131 | 1.2x |
| North Haven, CT | 24,177 | 124 | 1.1x |
| Ansonia, CT | 18,951 | 110 | 1.0x |
| Orange, CT | 14,251 | 136 | 1.2x |
| Bethel, CT | 11,606 | 125 | 1.1x |
| Oakville, CT | 9,233 | 113 | 1.0x |
