According to the Cost-of-Living Index (COLI) published by the Council for Community and Economic Research, Connecticut ranks as one of the most expensive states to live in compared to the national average.
Connecticut’s cost-of-living index is 121.6, which is significantly higher than the national average of 100. This means the cost of living in Connecticut is about 21.6 percent higher than the national average.
Factors contributing to this ranking include housing costs, transportation expenses, healthcare expenditures, and other essentials.
Note: CT electric prices are also among the highest in the country.
Comments