Cost of living in Shelton 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 Shelton 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 Shelton is 131, with 100 being the average.
The cost of living index in Shelton is 1.3x higher than the national average.
Shelton ranks as the #47 cheapest in Connecticut out of 55.
Shelton ranks as the #5,294 cheapest out of 6,412 in the US.
The median home value in Shelton is $358,900.
The median income in Shelton is $103,647.
According to the most recent data on the cost of living, Shelton has an overall cost of living index of 131, which is 1.3x higher than the national index of 100.
Compared to Connecticut, Shelton has a cost of living index that's 1.1x higher than Connecticut's index of 114.
The standard of living in Shelton ranks as #47 most affordable out of the 55 places we measured in Connecticut. By definition, that implies Shelton ranks as the #8 most expensive place in the Constitution State.
For more reading on life in Shelton, check out:
Six factors go into calculating the cost of living index in Shelton. Here is how it fairs on each of the criteria:
The Services index in Shelton is 115.
The Groceries index in Shelton is 108.
The Health index in Shelton is 111.
The Housing index in Shelton is 166.
The Transportation index in Shelton is 108.
The Utilities index in Shelton is 147.
|Living Expense||Shelton||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 Shelton is $358,900.
The Median Rent in Shelton is $1,373.
The Median Income in Shelton is $103,647.
The Home Value To Income in Shelton is 3.5x.
The Rent To Monthly Income in Shelton is 0.16x.
|Median Home Value||$358,900||$286,700||$244,900|
|Home Value To Income||3.5x||3.4x||3.5x|
|Rent To Monthly Income||0.16x||0.18x||0.2x|
The cost of living varies in the cities and towns around Shelton. 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 111, 0.8x Shelton.
New Haven, CT has a cost of living index of 114, 0.9x Shelton.
West Haven, CT has a cost of living index of 112, 0.9x Shelton.
|City||Population||Cost Of Living||Vs. Shelton|
|New Haven, CT||133,874||114||0.9x|
|West Haven, CT||55,518||112||0.9x|
|East Haven, CT||28,054||117||0.9x|
|North Haven, CT||24,217||128||1.0x|
|Wallingford Center, CT||19,211||121||0.9x|