Cheshire Village, CT vs Derby, CT

Cheshire Village, CT and Derby, CT have a very similar cost of living, with only a 1.4% difference in their overall index. Cheshire Village scores 100 while Derby scores 99 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Cheshire Village is $1,090/month compared to $1,453/month in Derby — a 25% difference. Interestingly, home values tell a different story: while Cheshire Village has cheaper rent, Derby actually has lower median home values ($242,300 vs $393,200).

Median household income in Cheshire Village is $114,923 compared to $76,263 in Derby (+50.7%). While Cheshire Village is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Cheshire Village spend roughly 11.4% of their income on rent, less than the 22.9% in Derby.