Overall
Connecticut feels cheaper overall
Connecticut has the lower cost-of-living index, beating New York by 19.6 points on the overall affordability baseline.
View detailed comparison
Cost of Living Comparison
Quality of Life
Connecticut vs New York: Cost of Living
Connecticut is cheaper overall by 19.6 cost-of-living points, but Connecticut has lower median home values.
Connecticut
CT • Northeast
113.1
Composite cost of living index (100 = national average). Lower = more affordable.
New York
NY • Northeast
132.7
Composite cost of living index (100 = national average). Lower = more affordable.
Visual Comparison
Connecticut
113.1
New York
132.7
Difference: 19.6 points — Connecticut leads.
Overview
A fast-reading view of the tradeoffs behind the raw cost numbers.
Living Costs
Housing
pay about 1.1x more for a home
Connecticut has the lower median home value, while buying in New York costs materially more at the median.
View detailed comparisonRent Pressure
Connecticut puts less pressure on a median paycheck
Median rent takes a smaller share of household income in Connecticut than in New York, which makes monthly budgeting easier.
View detailed comparisonTaxes
Connecticut keeps more income after state tax
Connecticut has the lower top state income tax rate, which softens the total cost picture even when prices are close.
View detailed comparisonCost Stack
Connecticut
Overall Affordability
Cost of living index
113.1
Regional price parity
106.9
Regular gas price
$4.082/gal
Electricity price
28.30 c/kWh
Housing
Median gross rent
$1,419/mo
Median home value
$326,200
Owner costs with mortgage
-
Owner costs without mortgage
-
Taxes
State income tax
6.99%
State sales tax
6.35%
Property tax
1.81%
Income
Median household income
$90,213
Income after median rent
$6,099
Minimum wage
$16.94/hr
Laws
Gun laws
Restrictive
Alcohol system
License State
Marijuana status
Legal
New York
Overall Affordability
Cost of living index
132.7
Regional price parity
114.8
Regular gas price
$4.069/gal
Electricity price
28.37 c/kWh
Housing
Median gross rent
$1,578/mo
Median home value
$367,200
Owner costs with mortgage
-
Owner costs without mortgage
-
Taxes
State income tax
10.90%
State sales tax
4.00%
Property tax
1.55%
Income
Median household income
$78,609
Income after median rent
$4,973
Minimum wage
$17.00/hr
Laws
Gun laws
Restrictive
Alcohol system
License State
Marijuana status
Legal
What Stands Out
- Connecticut has lower median home values.
- Connecticut has the lower overall cost index.
- Connecticut has the higher median household income.
- Connecticut looks more attainable on home value to income ratio.
Affordability Ratios
Related Pages
What This Means
Connecticut vs New York: Cost of Living in context
Connecticut has a cost of living of 113.1, compared with 132.7 in New York. Composite cost of living index (100 = national average). Lower = more affordable.
Connecticut
113.1
New York
132.7
Difference
19.6 points
People Also Ask
Connecticut vs New York Cost of Living — Common Questions
Q What is Connecticut's cost of living?
Connecticut's cost of living is 113.1.
Q What is New York's cost of living?
New York's cost of living is 132.7.
Q Which state has a lower cost of living — Connecticut or New York?
Connecticut is cheaper overall by 19.6 cost-of-living points, but Connecticut has lower median home values.
More Comparisons: Connecticut vs New York
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Sources: Core demographic data comes from the 2020 U.S. Census, with land area from U.S. Census Bureau TIGER files. Income, housing, affordability, and tax fields are maintained in our comparison dataset, with minimum wage data from the U.S. Department of Labor, gas prices from AAA, and electricity rates from the U.S. Energy Information Administration. Political control and election fields use 2024 presidential results together with National Conference of State Legislatures data. Gun-law labels use the Giffords scorecard, alcohol system data comes from NABCA, and marijuana status uses NCSL's state cannabis laws tracker.