Cost of living in Thompsonville 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 Thompsonville 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 Thompsonville is 111, with 100 being the average.
The cost of living index in Thompsonville is 1.1x higher than the national average.
Thompsonville ranks as the #15 cheapest in Connecticut out of 55.
Thompsonville ranks as the #4,219 cheapest out of 6,412 in the US.
The median home value in Thompsonville is $181,000.
The median income in Thompsonville is $49,626.
According to the most recent data on the cost of living, Thompsonville has an overall cost of living index of 111, which is 1.1x higher than the national index of 100.
Compared to Connecticut, Thompsonville has a cost of living index that's 1.0x lower than Connecticut's index of 114.
The standard of living in Thompsonville ranks as #15 most affordable out of the 55 places we measured in Connecticut. By definition, that implies Thompsonville ranks as the #40 most expensive place in the Constitution State.
For more reading on life in Thompsonville, check out:
Six factors go into calculating the cost of living index in Thompsonville. Here is how it fairs on each of the criteria:
The Services index in Thompsonville is 118.
The Groceries index in Thompsonville is 106.
The Health index in Thompsonville is 108.
The Housing index in Thompsonville is 98.
The Transportation index in Thompsonville is 109.
The Utilities index in Thompsonville is 124.
|Living Expense||Thompsonville||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 Thompsonville is $181,000.
The Median Rent in Thompsonville is $1,158.
The Median Income in Thompsonville is $49,626.
The Home Value To Income in Thompsonville is 3.6x.
The Rent To Monthly Income in Thompsonville is 0.28x.
|Median Home Value||$181,000||$286,700||$244,900|
|Home Value To Income||3.6x||3.4x||3.5x|
|Rent To Monthly Income||0.28x||0.18x||0.2x|
The cost of living varies in the cities and towns around Thompsonville. Here's a quick look at the cost of living in the most populous nearby places:
Springfield, MA has a cost of living index of 106, 1.0x Thompsonville.
West Hartford, CT has a cost of living index of 129, 1.2x Thompsonville.
Longmeadow, MA has a cost of living index of 130, 1.2x Thompsonville.