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Naval Submarine Base New London

Cost of Living

The living wage shown is the hourly rate that an individual in a household must earn to support themselves and/or their family, working full-time. The tables below provide living wage estimates for individuals and households with one or two working adults and zero to three children. Reflects on what amount is required to meet a families’ basic needs.

Working Adult                                    1 Adult                                                2 Adults (one working)                         2 Adults (both working) 

Number of Children                    0           1            2             3                      0           1             2             3                    0           1             2             3

A Living Wage                         $25.28     $50.45   $64.64   $77.18            $35.39   $43.53     $47.99      $54.65           $17.69   $27.74     $34.90      $40.42

Min. Wage                               $16.35     $16.35   $16.35   $16.35            $16.35   $16.35    $16.35     $16.35             $16.35   $16.35    $16.35     $16.35 

Poverty Line                            $7.52      $10.17    $12.81   $15.46           $10.17    $12.81     $15.46     $18.10              $5.08     $6.41      $7.73       $9.05

The cost-of-living adjustment (COLA) will begin in January of 2025.  LINK: https://www.ssa.gov/cola/ 

Cost of Living Indexes

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

COST OF LIVINGGrotonNew LondonConnecticutUnited States
Overall113.0111.0117.8100
Grocery105.7103.9106.6100
Health112.3112.3118.6100
Housing105.1074.0109.2100
Utilities112.7114.0118.5100
     

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's cost of living is 111.8 above the national Average.

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