Naval Submarine Base New London

Cost of Living

The cost of living is 8.7% Higher than the U.S. National Average.

The cost-of-living adjustment (COLA) will begin in January of 2023.. Link: https://www.dfas.mil/RetiredMilitary/newsevents/newsletter/December2022-COLA-2023/

Cost of Living in Hartford, Connecticut in 2023 is 14.8% Higher than the National Average; https://portal.ct.gov/TRB/Content/Retired/Retired-Menu/Cost-of-Living-Adjustments

Cost of Living in New London Connecticut in 2023 is 13.6% higher than the National Average; Link: https://portal.ct.gov/TRB/Content/Retired/Retired-Menu/Cost-of-Living-Adjustments

The Cost of Living Adjustment for 2023; Social Security has announced that they will be granting a cost of living increase of an additional 1.5% for the current year. Link: https://portal.ct.gov/TRB/Content/Retired/Retired-Menu/Cost-of-Living-Adjustments

An amount below 100 means Connecticut is cheaper than the US average. A cost of living index above 100 means Connecticut, Connecticut is more expensive. Connecticut cost of living is 122.0.

COST OF LIVING

Connecticut

United States

Overall

122.0

100

Grocery

119.0

100

Health

87.4

100

Housing

135.0

100

 

Cost of Living Indexes

Hartford, CT

Difference

Overall Index: Homeowner, No Child care, Taxes Not Considered

121.6

21.6% more

Food & Groceries

103.1

0.5% less

Housing (Homeowner)

54.4

201.8% more

Median Home Cost

$330,479

$283,200 (209.6% more)

 

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