Cost of Living Comparison Between Hartford, CT and New York, NY. You would need around 9,049.62$ in New York, NY to maintain the same standard of life that you can have with 5,700.00$ in Hartford, CT (assuming you rent in both cities). This calculation uses our Cost of Living Plus Rent Index to compare cost of living.
Is Connecticut cheaper to live than New York?
The cost of living in Hartford, CT is -36.4% lower than in New York, NY. You would have to earn a salary of $38,164 to maintain your current standard of living. Employers in Hartford, CT typically pay -10.7% less than employers in New York, NY.
Is it better to live in Connecticut or New York for taxes?
Not only is the tri-state area among the highest for tax rates, it also ranks among the highest for the overall cost of living, with Connecticut taking the lead in 1st place, followed by New York in 2nd and New Jersey in 4th place, according to WalletHub.
Can I live in CT and work in NY?
As a CT resident, all your income is subject to CT tax, no matter where the income is from. You must also file a NY nonresident tax return and pay NY tax on the income that you earned in NY. Income that you earn for working in NY is subject to NY tax, even though you don’t live in NY.
Is CT an expensive place to live?
The cost of living in Connecticut is 22% higher than the national average. Housing is 35% higher than the national average, while utilities are 32% higher. When it comes to basic necessities such as food and clothing, groceries are around 19% higher than in the rest of the country, while clothing costs 19% higher.
Why are people leaving CT?
High taxes are also driving the exodus
In fact, with a collective burden of about 12.6% when various state and local taxes are taken into account, taxfoundation.org found that as a percentage of income, residents of Connecticut are among the hardest hit.
Is moving to Connecticut a good idea?
Connecticut housing is expensive, the cost of living is above average, and property taxes are high. You should seriously consider your finances and budget before moving to Connecticut. Cold winters, humid summers. Connecticut weather swings between the extremes with chillingly cold winters and hot and humid summers.
What are the cons of living in Connecticut?
Cons of Living in Connecticut
- There is a high tax burden to support the state.
- Higher taxes are just the start of the higher cost of living in Connecticut.
- Connecticut winters can be very harsh, much like the rest of New England.
- Traffic is often a problem in all parts of the state.
Are CT taxes lower than NY?
Since NY has a higher state tax rate than CT, do you get the amount of NYS taxes paid in excess of CT back as a credit? You will have to file NY State for your NY related income and CT State for other income.
Do I pay more taxes if I live in CT and work in NY?
A Connecticut resident is subject to Connecticut income tax on all of his or her income regardless of where the income is earned. However, if the resident works in another state that imposes an income tax, the individual is also subject to tax in the state in which he or she works.
What is a livable salary in CT?
Living Wage Calculation for Hartford County, Connecticut
| 1 ADULT | 2 ADULTS (1 WORKING) | |
|---|---|---|
| 0 Children | 2 Children | |
| Living Wage | $18.44 | $40.11 |
| Poverty Wage | $6.19 | $12.74 |
| Minimum Wage | $14.00 | $14.00 |
What are the benefits of living in Connecticut?
Connecticut’s quality of life consistently ranks among the top states in the country, thanks to our highly ranked schools, our low crime rates, our healthy population and so much more. pristine lakes and ponds of all sizes, perfect for fishing, hiking and exploring.
What states are most New Yorkers moving to?
ALBANY, N.Y. (NEWS10) — New York is among the most moved from states, according to a new report from Move.org.
REPORT: New York among top states people moved away from in 2021.
| Top states people moved to | Top states people moved from |
|---|---|
| 1. Florida | 1. California |
| 2. Texas | 2. Texas |
| 3. California | 3. New York |
| 4. North Carolina | 4. Illinois |
Where in CT is the cheapest to live?
Most Affordable Places to Live in Connecticut
- Bristol.
- Groton.
- Hartford.
- Meriden.
- Middletown.
- New Britain.
- Torrington.
- Waterbury.
What part of Connecticut is best to live in?
Connecticut’s top ten ranked cities are condensed to only two of the state’s eight counties, with four in Fairfield County and six in Hartford County. Other notable rankings include West Hartford as the No. 88 best suburb in the country, Stamford ranking the No.
Why is CT taxes so high?
Connecticut during that period created a personal income tax, something visibly absent from all three of the country’s least-burdened states. Connecticut’s high tax burden, the bulk of which is taxes paid to its state and local governments, stem from the state’s high cost of government.
What is the safest city in Connecticut to live in?
Safest Cities in Connecticut, 2019
| Rank | City | Safety Index |
|---|---|---|
| 1 | Orange | 0.91 |
| 2 | Greenwich | 0.9 |
| 3 | New Canaan | 0.86 |
| 4 | Monroe | 0.84 |
What is the safest part of Connecticut to live?
Here are the 10 Safest Cities in Connecticut for 2022
- Simsbury.
- Cheshire.
- Wallingford.
- Greenwich.
- Westport.
- New Milford.
- Shelton.
- Guilford.
What percentage of Connecticut is black?
Connecticut Demographics
White: 74.22% Black or African American: 10.70% Other race: 5.38%
What is a comfortable salary in CT?
As of Nov 6, 2022, the average annual pay for the Above Average jobs category in Connecticut is $51,330 a year. Just in case you need a simple salary calculator, that works out to be approximately $24.68 an hour. This is the equivalent of $987/week or $4,277/month.
Why is Connecticut so popular?
This New England state has many claims to fame. Connecticut is famous for its great universities, beautiful autumn foliage, and rich contributions to American culture, for starters.