Derby, CT vs Southwood Acres, CT

Derby, CT and Southwood Acres, CT have a very similar cost of living, with only a 1.6% difference in their overall index. Derby scores 99 while Southwood Acres scores 101 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 Derby is $1,453/month compared to $1,493/month in Southwood Acres — a 3% difference. Home values follow the same pattern: Derby is more affordable at $242,300 median vs $247,400.

Median household income in Derby is $76,263 compared to $105,529 in Southwood Acres (-27.7%). While Southwood Acres is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Derby spend roughly 22.9% of their income on rent, more than the 17% in Southwood Acres.