Cost of living in Niantic
Niantic, a charming coastal village in Connecticut, offers a unique blend of small-town charm and modern amenities. Understanding the cost of living in Niantic is crucial for potential residents and those considering relocation.
This guide provides a detailed breakdown of expenses in Niantic, covering dining, groceries, transportation, housing, and utilities, to help you make informed financial decisions.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $15 on average, with a range between $15 and $31.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $60, with prices ranging from $55 to $70.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $10.4, with a range between $9.79 and $12.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $4 to $8, imported beer $5 to $8, cappuccino $3 to $4.45, and Coke/Pepsi $1.75 to $2.3.
Grocery Prices
- Milk - Milk is priced between $0.53 and $1.06 per liter, averaging $0.96.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $1.64 and $6.38, with an average price of $3.75.
- Eggs (Dozen) - A dozen eggs range from $3 to $7, averaging $3.72.
- Fruits (e.g., Apples, Oranges) - Apples cost $2.2 to $5.05 per kg, while oranges range from $2.2 to $4.45 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $1.65 and $4.41 per kg, and lettuce costs $1 to $2.79 per head.
Transportation
- Fuel (Gasoline) - Gasoline is priced between $0.79 and $1.06 per liter.
- Taxi Fares - Taxi fares start at $3, with a cost of $2.04 per km.
Housing Costs
- Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child - The cost for preschool ranges from $770 to $1900, averaging $1335.
- International Primary School, Yearly for 1 Child - The yearly cost for international primary school is $30,000.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $100 and $340, averaging $156.67.
- Internet - Internet services range from $50 to $80, with an average cost of $64.6.
Cost of Living Rankings
The cost of living indices for the United States are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in United States, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
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"Key Takeaways"
Niantic offers a relatively affordable cost of living compared to larger cities, with moderate prices in dining and groceries.
Housing and education costs can be significant, especially for private schooling.
Transportation costs are manageable, with reasonable fuel prices and taxi fares.
Conclusion
In conclusion, Niantic, CT, presents a balanced cost of living with affordable dining and grocery options.
While housing and education can be costly, the overall expenses are manageable for those seeking a small-town lifestyle with access to essential amenities.