Residents and visitors know how beautiful the state of Connecticut is. The state boasts lovely drives through the countryside, opportunities for fun in the sun, and excellent fresh seafood that is often delivered straight from the water to your restaurant plate. There are a variety of lovely towns to walk through, including New Haven and Mystic.
New Haven is home to Ivy League school Yale University, the third-oldest university in the country. Its architecture is stunning and has the appearance of an old castle that could have come straight from Europe.
Mystic is a small seaside village that offers a quaint downtown full of independent shops. The village is also the site of Mystic Pizza, the restaurant that inspired the 1980s comedy.
Individuals seeking a more urban landscape will find Hartford amazing. Hartford offers numerous museums and historical sites, including the Mark Twain House & Museum and the Connecticut Science Center. The city is a well-known banking and financial service hotbed, so there are many amenities and restaurants to discover.
While Connecticut boasts many activities and delicious dining opportunities, it has drawbacks. The state is known for being expensive, and residents often complain about high rent costs and costly groceries. It’s no surprise that residents need Connecticut debt help.
How expensive is it to live in Connecticut? Of all fifty states, Connecticut is the 8th most costly state.
Housing, utilities, and transportation are notoriously expensive. In fact, the average price of a house in Connecticut is a stunning $326,124. Of course, homes in premiere cities, such as New Haven and Hartford, can be even more expensive.
Given the high cost of living, it’s no surprise that Connecticut residents carry a large amount of debt. Households in Bridgeport carry an average of $8,511 in credit card debt . Similarly, New Haven households owe $8,463 to their creditors.
While the cost of living in Connecticut is exorbitant, residents do earn higher wages compared with national averages. The median salary in Connecticut is $66,130, which is much more than the national mean wage of $58,260.
If you’re seeking Connecticut debt help and wonder how long it will take to pay off your credit cards, use our handy calculator below. Your results will also show how much interest you’ll pay your lenders.
Debt is a source of frustration for many, and some people just can’t seem to overcome the cycle of making minimum payments that don’t make a dent in their outstanding balances. Fortunately, Americor can help. Click on the links below to learn about our debt reduction programs.