Stamford, CT Cost Of Living
Cost Of Living In Stamford, CT Summary
Cost of living in Stamford 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 Stamford 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 Stamford is 154, with 100 being the average.
The cost of living index in Stamford is 1.5x higher than the national average.
Stamford ranks as the #50 cheapest in Connecticut out of 55.
Stamford ranks as the #5,915 cheapest out of 6,412 in the US.
The median home value in Stamford is $550,600.
The median income in Stamford is $99,791.
Table Of Contents
Stamford's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Stamford, CT?
According to the most recent data on the cost of living, Stamford has an overall cost of living index of 154, which is 1.5x higher than the national index of 100.
Compared to Connecticut, Stamford has a cost of living index that's 1.4x higher than Connecticut's index of 114.
The standard of living in Stamford ranks as #50 most affordable out of the 55 places we measured in Connecticut. By definition, that implies Stamford ranks as the #5 most expensive place in the Constitution State.
For more reading on life in Stamford, check out:
- Living In Stamford
- Stamford Crime Report
- Search Homes For Sale In Stamford, CT
In Connecticut
In America
Stamford Cost Of Living Vs. Connecticut
Six factors go into calculating the cost of living index in Stamford. Here is how it fairs on each of the criteria:
The Services index in Stamford is 123.
The Groceries index in Stamford is 106.
The Health index in Stamford is 118.
The Housing index in Stamford is 244.
The Transportation index in Stamford is 115.
The Utilities index in Stamford is 129.
| Living Expense | Stamford | Connecticut | National Average | |
|---|---|---|---|---|
| Overall | 154 | 114 | 100 | |
| Services | 123 | 113 | 100 | |
| Groceries | 106 | 101 | 100 | |
| Health | 118 | 107 | 100 | |
| Housing | 244 | 123 | 100 | |
| Transportation | 115 | 104 | 100 | |
| Utilities | 129 | 127 | 100 | |
Stamford, 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 2017-2021. The key points are:
The Median Home Value in Stamford is $550,600.
The Median Rent in Stamford is $1,981.
The Median Income in Stamford is $99,791.
The Home Value To Income in Stamford is 5.5x.
The Rent To Monthly Income in Stamford is 0.24x.
| Statistic | Stamford | Connecticut | United States |
|---|---|---|---|
| Median Home Value | $550,600 | $286,700 | $244,900 |
| Median Rent | $1,981 | $1,260 | $1,163 |
| Median Income | $99,791 | $83,572 | $69,021 |
| Home Value To Income | 5.5x | 3.4x | 3.5x |
| Rent To Monthly Income | 0.24x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Stamford, CT Costs By Category
Detailed Stamford Services Costs Vs. Connecticut
| Item | Stamford | Connecticut |
|---|---|---|
| Shampoo | $0.96 | $1.06 |
| Movie | $13.09 | $10.68 |
| Bowling | $18.83 | $14.67 |
| Haircut | $32.76 | $18.62 |
| Beauty Salon | $65.09 | $39.05 |
Detailed Stamford Groceries Costs Vs. Connecticut
| Item | Stamford | Connecticut |
|---|---|---|
| Ground Beef | $4.44 | $4.22 |
| Fried Chicken | $1.42 | $1.39 |
| Milk | $2.65 | $2.05 |
| Potatoes | $3.98 | $3.29 |
| Pizza | $9.41 | $10.62 |
| Beer | $10.04 | $9.38 |
| Toothpaste | $2.13 | $2.34 |
Detailed Stamford Health Costs Vs. Connecticut
| Item | Stamford | Connecticut |
|---|---|---|
| Optometrist | $127.5 | $108.57 |
| Doctor | $118.17 | $116.17 |
| Dentist | $132.27 | $99.13 |
Detailed Stamford Transportation Costs Vs. Connecticut
| Item | Stamford | Connecticut |
|---|---|---|
| Gasoline | $2.33 | $2.22 |
| Tire Balancing | $69.75 | $50.07 |
Detailed Stamford Utilities Costs Vs. Connecticut
| Item | Stamford | Connecticut |
|---|---|---|
| All Electricity | $261.22 | $167.67 |
| Phone | $178.6 | $175.64 |
Stamford SnackAbility
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Cost Of Living In Cities Around Stamford
The cost of living varies in the cities and towns around Stamford. Here's a quick look at the cost of living in the most populous nearby places:
Norwalk, CT has a cost of living index of 143, 0.9x Stamford.
Mamaroneck, NY has a cost of living index of 165, 1.1x Stamford.
Huntington, NY has a cost of living index of 167, 1.1x Stamford.
| City | Population | Cost Of Living | Vs. Stamford |
|---|---|---|---|
| Norwalk, CT | 90,821 | 143 | 0.9x |
| Mamaroneck, NY | 19,989 | 165 | 1.1x |
| Huntington, NY | 19,397 | 167 | 1.1x |
| Syosset, NY | 19,347 | 177 | 1.1x |
| Port Washington, NY | 16,807 | 185 | 1.2x |
| Greenwich, CT | 13,978 | 212 | 1.4x |
| Riverside, CT | 9,133 | 242 | 1.6x |
| Briarcliff Manor, NY | 7,587 | 175 | 1.1x |
| Pleasantville, NY | 7,469 | 164 | 1.1x |
| Cos Cob, CT | 7,089 | 216 | 1.4x |
