Southwood Acres, CT Cost Of Living
Cost Of Living In Southwood Acres, CT Summary
Cost of living in Southwood Acres 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 Southwood Acres 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 Southwood Acres is 113, with 100 being the average.
The cost of living index in Southwood Acres is 1.1x higher than the national average.
Southwood Acres ranks as the #30 cheapest in Connecticut out of 56.
Southwood Acres ranks as the #3,948 cheapest out of 6,489 in the US.
The median home value in Southwood Acres is $310,033.
The median income in Southwood Acres is $105,529.
Table Of Contents
Southwood Acres's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Southwood Acres, CT?
According to the most recent data on the cost of living, Southwood Acres has an overall cost of living index of 113, which is 1.1x higher than the national index of 100.
Compared to Connecticut, Southwood Acres has a cost of living index that's 0.9x lower than Connecticut's index of 119.
The standard of living in Southwood Acres ranks as #30 most affordable out of the 56 places we measured in Connecticut. By definition, that implies Southwood Acres ranks as the #26 most expensive place in the Constitution State.
For more reading on life in Southwood Acres, check out:
In Connecticut
In America
Southwood Acres Cost Of Living Vs. Connecticut
Six factors go into calculating the cost of living index in Southwood Acres. Here is how it fairs on each of the criteria:
The Services index in Southwood Acres is 108.
The Groceries index in Southwood Acres is 102.
The Health index in Southwood Acres is 101.
The Housing index in Southwood Acres is 120.
The Transportation index in Southwood Acres is 97.
The Utilities index in Southwood Acres is 128.
| Living Expense | Southwood Acres | Connecticut | National Average | |
|---|---|---|---|---|
| Overall | 113 | 119 | 100 | |
| Services | 108 | 109 | 100 | |
| Groceries | 102 | 100 | 100 | |
| Health | 101 | 110 | 100 | |
| Housing | 120 | 137 | 100 | |
| Transportation | 97 | 101 | 100 | |
| Utilities | 128 | 131 | 100 | |
Southwood Acres, 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 Southwood Acres is $310,033.
The Median Rent in Southwood Acres is $1,493.
The Median Income in Southwood Acres is $105,529.
The Home Value To Income in Southwood Acres is 2.9x.
The Rent To Monthly Income in Southwood Acres is 0.17x.
| Statistic | Southwood Acres | Connecticut | United States |
|---|---|---|---|
| Median Home Value | $310,033 | $430,086 | $303,400 |
| Median Rent | $1,493 | $1,431 | $1,348 |
| Median Income | $105,529 | $93,760 | $78,538 |
| Home Value To Income | 2.9x | 4.6x | 3.9x |
| Rent To Monthly Income | 0.17x | 0.18x | 0.21x |
Median Home Value
Median Rent
Median Income
Southwood Acres, CT Costs By Category
Detailed Southwood Acres Services Costs Vs. Connecticut
| Item | Southwood Acres | Connecticut |
|---|---|---|
| Shampoo | $1.42 | $1.28 |
| Movie | $12.85 | $12.13 |
| Bowling | $18.33 | $18 |
| Haircut | $33.78 | $24.26 |
| Beauty Salon | $58.55 | $45.56 |
Detailed Southwood Acres Groceries Costs Vs. Connecticut
| Item | Southwood Acres | Connecticut |
|---|---|---|
| Ground Beef | $6.23 | $5.84 |
| Fried Chicken | $1.46 | $1.57 |
| Milk | $4.73 | $4.67 |
| Potatoes | $4.96 | $4.93 |
| Pizza | $10.79 | $12.09 |
| Beer | $10.49 | $10.41 |
| Toothpaste | $3.65 | $3.7 |
Detailed Southwood Acres Health Costs Vs. Connecticut
| Item | Southwood Acres | Connecticut |
|---|---|---|
| Optometrist | $166.22 | $125.68 |
| Doctor | $182.5 | $135.78 |
| Dentist | $127.0 | $113.29 |
Detailed Southwood Acres Transportation Costs Vs. Connecticut
| Item | Southwood Acres | Connecticut |
|---|---|---|
| Gasoline | $3.34 | $3.46 |
| Tire Balancing | $71.63 | $59.92 |
Detailed Southwood Acres Utilities Costs Vs. Connecticut
| Item | Southwood Acres | Connecticut |
|---|---|---|
| All Electricity | $302.09 | $193.99 |
| Phone | $185.16 | $192.25 |
Southwood Acres SnackAbility
/10
Cost Of Living In Cities Around Southwood Acres
The cost of living varies in the cities and towns around Southwood Acres. Here's a quick look at the cost of living in the most populous nearby places:
West Hartford, CT has a cost of living index of 124, 1.1x Southwood Acres.
Wethersfield, CT has a cost of living index of 113, 1.0x Southwood Acres.
Longmeadow, MA has a cost of living index of 129, 1.1x Southwood Acres.
| City | Population | Cost Of Living | Vs. Southwood Acres |
|---|---|---|---|
| West Hartford, CT | 63,809 | 124 | 1.1x |
| Wethersfield, CT | 27,180 | 113 | 1.0x |
| Longmeadow, MA | 15,724 | 129 | 1.1x |
| Windsor Locks, CT | 12,555 | 109 | 1.0x |
| Thompsonville, CT | 7,473 | 108 | 1.0x |
| Rockville, CT | 6,657 | 102 | 0.9x |
| Hazardville, CT | 6,482 | 105 | 0.9x |
| Sherwood Manor, CT | 5,781 | 111 | 1.0x |
