How much does rent cost per month in Connecticut?
The average Fair Market Rent for a 2-bedroom home in Connecticut is $1,231 per month.
How much does it cost to live in West Hartford CT?
West Hartford cost of living is 115.3
| COST OF LIVING | West Hartford | Connecticut |
|---|---|---|
| Health | 93.2 | 97.7 |
| Housing | 125 | 103.6 |
| Median Home Cost | $288,900 | $239,600 |
| Utilities | 120 | 118.5 |
What is the average rent in Connecticut?
The median monthly gross residential rent in Connecticut was $1,177 in 2019 according to the Census ACS survey. Average gross rent was $1,214 in 2019. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below.
What is a reasonable rent?
reasonable rent means a Rent to Owner that is not more than rent charged for a) comparable units in the private unassisted rental market and b) comparable unassisted units in the same premises.
What is the most a landlord can raise your rent?
In most areas without rent control, there is no limit on the amount your landlord can increase the rent. But landlords cannot raise the rent at whim. The timing of a rent increase, and the way your landlord communicates it, are governed by statute in most states.
Is rent expensive in Connecticut?
A new report that examines the cost to rent an apartment shows that Connecticut is one of the toughest markets in the country to find an affordable apartment. The report found that Connecticut is the 9th most expensive market in the nation for a two bedroom apartment.
How much rent can I afford on $50 k?
Qualification is often based on a rule of thumb, such as the “40 times rent” rule, which says that to be able to pay a certain rent, your annual salary needs to be 40 times that amount. In this case, 40 times $1,250 is $50,000. Therefore, if you make $50,000, you qualify for $1,250 per month in rent.
What does a 50k salary get you?
As previously mentioned, a 50k salary is roughly $3,498 per month take home pay, not counting additional expenses. You’ll need to figure out your specific income situation, such as pre and post tax deductions or if you’re paid biweekly.