Falls Village, CT vs Lakes West, CT

Falls Village, CT and Lakes West, CT have a very similar cost of living, with only a 1.6% difference in their overall index. Falls Village scores 134 while Lakes West scores 132 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.

When it comes to buying, median home values in Falls Village are $431,300 compared to $693,200 in Lakes West, a 38% gap.

Median household income in Falls Village is $54,792 compared to $244,286 in Lakes West (-77.6%). Lakes West offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power.