It may cost you, but the quality of life in Connecticut makes it worth it for many people. The state has great schools, low crime, access to outdoor activities and great, fresh food. Being part of New England, Connecticut is also full of history and culture, with plenty of museums. There’s even an amusement park should you need a change of pace.
To fit Connecticut into your budget, it’s best to understand how the state’s prices compare to the rest of the country. By looking at average costs in a few specific categories, you can make an informed decision about whether a move is in your future.
Connecticut housing prices
Housing prices in Connecticut all hit above the national average. That doesn’t mean you can’t find affordable housing throughout the state or a home for any budget. But, it could be more challenging to get those good deals.
Hartford
The capital of Connecticut, Hartford is one of the more affordable places to live in the state. Housing prices are only 1.4 percent above the national average, so not too far out of reach for many. The city has a long history, solid job opportunities and some amazing museums. The variety of local parks is an ideal family-friendly destination, as well, when the weather is nice (it does get cold in the winter.)
Apartment prices are on the rise and may sit at the high end of your budget. One-bedroom apartments, up 14 percent over last year, have an average monthly rent of $1,747. Two-bedroom apartments, up 10 percent over last year, have an average monthly rent of $2,367.
Home prices aren’t rising as quickly as apartment rent, up only 2.6 percent over last year. The median home price in Hartford is $240,000.
New Haven
Home to Yale University, New Haven is a college town with a little bit more. The prestigious university is a cornerstone of the city, but there’s also the beach, the history, museums and even nearby skiing. Living in New Haven isn’t cheap, though, and home prices are 20.9 percent above the national average.
Apartments are going to cost you, too, especially if you’re a college student. You may want to consider a roommate to keep things affordable. The average monthly rent for a one-bedroom apartment is $2,455, which is up 18 percent over last year. Two-bedroom apartments, up 17 percent over last year, average out to cost $3,102 per month.
Homes for sale are a little more reasonable, and the median sale price in New Haven is $280,000, down 12.5 percent over last year.
Stamford
With the highest home prices in the state, the cost of living in Connecticut really gets skewed thanks to places like Stamford. Here, home prices are 68.6 percent above the national average. This affluent city primarily attracts families and professionals and is perfectly situated for commuters. Many neighborhoods provide a small-town feel without taking you too far away from the urban amenities of downtown. That’s good news since your housing budget may make it hard to live right in the middle of it all.
Apartment rents are increasing at a pretty significant rate. One-bedrooms are up 23 percent, and two-bedrooms are up 34 percent, both over last year. This puts average monthly rent prices up there. The average rent for a one-bedroom is $2,654 per month, while a two-bedroom averages out at $3,599.
Home prices are also on the higher side, and the median sale price in Stamford is $680,000. This is up 11.5 percent over last year.
Connecticut food prices
Lobster rolls are the most iconic food out of Connecticut (and all of New England), but the state does a few favorites just a little differently. First, they steam their cheeseburgers rather than grill them, and if you’re in New Haven it’s ‘apizza’ and not pizza that’s on the menu. In the fall, you can sample another iconic Connecticut food, homemade apple cider. With all this deliciousness, Connecticut residents spend between $267 and $300 per month on groceries.
Across the state, food prices align with other costs of living elements in Connecticut and are above the national average.
New Haven is 0.4 percent above the national average
Stamford is 8.2 percent above the national average
Hartford is 8.4 percent above the national average
With these averages relatively close together, you most likely won’t find huge price differentials in specific grocery items. The difference in ground beef prices is less than a dollar across these three cities, and a dozen eggs are only 11 cents more from their cheapest to most expensive.
Average prices are a little higher for some things, though. A loaf of bread in Hartford is on the high side at $4.69, but even with a few doozies, you can stay on a budget when you grocery shop.
Connecticut utility prices
Connecticut winters can really ramp up your utility costs. The winter season is long, with the lowest temperatures between December and February. Evening temperatures can get down to zero degrees Fahrenheit, and snowfall is heavy. As a result, you may pay more for heating in the winter, which can raise overall utility prices pretty quickly.
Hartford is 26.4 percent above the national average
Stamford is 30.3 percent above the national average
New Haven is 32.2 percent above the national average
These averages, and the amount of energy you need to live in comfortable temps year round, can drive up your energy bill. Expect to pay an average of $260 per month in Hartford, $273 in Stamford and $279 in New Haven.
Connecticut transportation prices
Transportation prices throughout Connecticut are all above average, but on the whole, this state is very easy to get around. With some of the most walkable cities in the country, certain pockets of Connecticut are perfect for those who don’t want the expense of owning a car. Strong public transportation systems also make it easy to get around without having to pay for gas, parking or regular vehicle maintenance.
That said, transportation is still an expensive component of the cost of living in Connecticut.
Hartford is 4 percent above the national average
New Haven is 14.3 percent above the national average
Stamford is 16.2 percent above the national average
At these prices, it might be worthwhile to use a variety of transportation options to get around.
The walkability of Connecticut
It’s impressive for a state to have so many cities with high walk scores, and across Connecticut, infrastructure design really takes those on foot into consideration.
The downtown area, along the riverfront in Hartford, is extremely walkable, but so are a lot of nearby neighborhoods. Overall, the city has a walk score of 75.
New Haven’s downtown area has many sidewalks, with highly walkable areas around Yale’s campus and in nearby squares. Combined, this gives the city a walk score of 78.
Stamford has a walk score of 84. With walkable blocks, sidewalks and pedestrian walkways, the city is easy to navigate on foot, especially around the waterfront. There’s also a free trolley for when your feet get tired.
Public transportation in Connecticut
Each of our Connecticut cities provides public transportation, enabling residents to get around town without their own vehicles.
Hartford offers up two options. CT Transit has both local and express bus services around the city. For local service, a two-hour pass is $1.75, and a 31-day pass is $63. The dash Shuttle is another option. It’s a free service that runs downtown during the week, with extra service during major downtown events.
CT Transit also operates in New Haven and Stamford. New Haven buses run across 22 different routes, while Stamford operates 15. As long as you’re on a local bus line, even in separate cities, CT transit passes are the same price.
Stamford offers one additional mode of public transportation, the Harbor Point Trolley. This line connects the downtown area to Harbor Point, stopping at major spots like the government center and the University of Connecticut. The trolley is free to ride.
Connecticut healthcare prices
Healthcare prices in Connecticut are one of the few cost of living components with one city averaging below the rest of the county.
Hartford is 7.4 percent below the national average
Stamford is 7.2 percent above the national average
New Haven is 10.5 percent above the national average
These averages come from combining doctor visits, trips to urgent care, prescriptions, that annual eye doctor visits and dental check-ups. These averages put doctor’s visits between $100 and $140, dental visits between $87 and $122 and eye doctor visits between $127 and $155.
Connecticut goods and services prices
Eating that special New Haven ‘apizza’, grabbing a six-pack of craft beer or having cheeseburgers with friends all fit into the goods and services section of your budget. These are the activities you like doing but could live without if money got tight.
In Connecticut, goods and services prices, combined, all reach above the national average.
Hartford is 10.6 above the national average
New Haven is 16.7 percent above the national average
Stamford is 18.6 percent above the national average
These averages could mean you get to do a little less of those bonus activities each month, simply because of cost. The only way to really know is to look at the individual prices of your favorite extras.
Yes, we threw in one practical service into the chart, but when you price compare, you can see that not everything costs the most in Stamford. When it comes to beer and dry cleaning, Hartford actually takes the top spot, although overall, it’s the least expensive city, and New Haven is the cheapest when it comes to burgers. Without knowing individual costs, it’s impossible to budget for this aspect of the cost of living in Connecticut.
Taxes in Connecticut
Connecticut has a graduated income tax, which means your rate comes from how much money you make each year. You’ll end up paying somewhere between 3 percent and 6.99 percent.
When it comes to sales tax, the state-wide rate is 6.35 percent. That’s all you’ll pay across Connecticut. There are no local sales taxes.
So, if you’re shopping for furniture for your new apartment, for every $1,000 you spend, you’ll pay $63.50 in taxes. Not too bad.
How much do I need to earn to live in Connecticut?
The first thing you need to live in Connecticut is a home, and being able to afford one means putting at least 30 percent of your annual income toward rent. This is definitely possible, and you can calculate exactly what would work with your budget using our rent calculator.
To estimate needs, the average rent in Connecticut is $1,713. To afford this rent, at 30 percent of your income, you’d need to make a minimum of $68,520. This is highly possible given that the average annual wage comes really close. At $66,130, you’re right on the edge of affording an average rent, and not too far that you won’t have plenty of options to pick from that are just a little less.
Living in Connecticut
Connecticut may come at a higher-than-average cost, but calling the Constitution State home has plenty of benefits. Connecticut has the beach, great parks and a strong economy. Its location puts you close to just about anywhere in New England (and New York) and educational opportunities are top-notch.
The Cost of Living Index comes from coli.org.
The rent information included in this summary is based on a calculation of multifamily rental property inventory on Rent. as of August 2022.
Rent prices are for illustrative purposes only. This information does not constitute a pricing guarantee or financial advice related to the rental market.
Congratulations on buying a house! Now what? You may be wondering how
to be adequately insured in case in case you ever get sued and protect your
new, and biggest, asset. As a personal
injury attorney in New Haven County, take it from me it is important to
know the basics of insurance coverages when buying a new home.
Homeowner’s Insurance
For starters, you are going to need homeowners insurance. Homeowner’s
policies mainly protect you against any property damage to your home, such as
storm damage, fire, or even theft protection in case your home is burglarized.
More specifically, there are six (6) basic protections included in a standard homeowner’s
insurance policy including the following:
1) Dwelling – protects against property
damage to your house
2) Other structures coverage – protects
against damage to any other structures on your property such as a shed or
detached garage
3) Personal property coverage – protects
you against loss in case there is damage or certain losses to your personal
belongings
4) Loss-of-use coverage – protects you
for out of pocket costs if you are displaced form your home
5) Personal liability coverage – protects
you in case someone is injured on your property, for example slips and
falls on ice, and then sues you
6) Medical payments coverage – this
covers payment of medical bills in case someone is injured on your property
In addition to the above, home owner’s insurance can sometimes offer
additional coverage with certain elective add-ons or through other insurance
vehicles.
What’s not covered under a
Homeowner’s Policy?
There are many things that home owner’s policies do not cover. Some
things that are typically not covered under a homeowner’s policy include some
or all of the following:
Certain natural disasters (such as earthquakes,
landslides, sinkholes, and so on)
Flood or certain water damage
Mold, fungus, or rot
Neglect
Intentional loss (such as starting fire to your
home)
Eminent domain or other government action
War
Nuclear hazard
Insect of vermin damage
Damage or harm caused by animals/pets
Many insurance policies have exclusions under the policy for dog bites
or for ownership of certain breeds. In other words, if you own a dog or are a
dog lover and thinking about getting a dog, you should pay close attention to
the coverage as it relates to dog bites or dog ownership.
In Connecticut, under Conn. Gen. Stat § 22-357, homeowners can be held
strictly liable for a dog
bite injury whether or not it occurs on your property or not. Even if you
have a homeowner’s policy that protects against dog bite injuries, you may want
to consider additional coverage that will protect you in the event that a dog
bite occurs off property.
Many homeowners’ policies only cover you for from $100,000 up to
$500,000 in liability. This may seem like a lot but this coverage may not be
sufficient in the case of an accidental death or
serious injury occurring on (or off) your property. If you’re lucky enough to
have a pool or own a trampoline, you would be wise to increase your coverage as
your risk and liability exposure is much higher.
Umbrella Policy
An umbrella is an insurance policy that offers broader liability
coverage that protects you against liability for an accident death or serious
injury whether it occurs on or off your property. Additionally, with an
umbrella policy, you can get higher coverages for one million ($1,000,000) or
even much more if you have additional assets to protect.
An umbrella policy can also act in conjunction with your car or auto
insurance policy. This offers additional protection and peace of mind if you’re
ever at fault for a car
accident causing death or serious bodily harm.
As always you should contact an insurance expert or your local
insurance agent for what is and what is not covered under any given insurance
policy, but it is important to have a baseline of information when deciding
what the right insurance coverage is for you. Remember, as a new homeowner, it
is always better to be safe than sorry!
Carter Wessman
Carter Wessman is originally from the charming town of Norfolk, Massachusetts. When he isn’t busy writing about mortgage related topics, you can find him playing table tennis, or jamming on his bass guitar.
Connecticut is a great place to live and work. It’s in a prime location that makes it easy to get to large cities like New York and Boston. Plus, there are plenty of outdoor recreation opportunities thanks to all the mountains, lakes, and beaches as well as top-notch schools.
Whether you’re new to the Constitution State or have lived there for years, you might be in search of a bank to manage and store your hard-earned money. Fortunately, you’ve come to the right place as we’ve researched the various regional banks and national banks available.
12 Best Banks in Connecticut
Below is our carefully curated list of the best banks in Connecticut. This list is compiled based on a variety of factors such as customer feedback, range of services, accessibility, and financial strength.
1. Liberty Bank
Based in Middletown, Liberty Bank has more than 50 branches in Connecticut. It’s been around for more than 200 years and provides a plethora of financial products and services. These include personal banking, business banking, mortgages, personal and business loans, insurance, and wealth management.
No matter which one of its four checking accounts you can choose, you can expect digital wallet access and online bill pay with no minimum balance requirement.
In addition, Liberty Bank offers three savings accounts with tiered interest rates. While you can visit a local branch, another option is to take advantage of online and mobile banking. With online and mobile banking, you’ll be able to pay bills, set up account alerts for if your account dips below a certain amount, and more.
2. Bank of America
Bank of America is one of the largest banks in the country. It has many branches with local people in more than 60 cities and towns throughout Connecticut, like Hartford, Bridgeport, New Haven, and Danbury.
With Bank of America, you can also manage your cash on the go with its highly rated mobile banking app. When it comes to checking accounts, you have three options, including the Advantage Plus Checking, which is the most popular option.
You can also save your money in the Advantage Savings account, which requires a $100 initial deposit and $8 monthly maintenance fee that you can avoid if you maintain a daily balance of $500 or more or join the Preferred Rewards program.
As a Preferred Rewards member, you’ll lock in perks, such as higher interest rates, waived or discounted fees with a special promo code, and cash back rewards for qualifying transactions.
3. CIT Bank
CIT Bank is an online bank with a focus on savings. If you’d like a checking and savings account, you might consider the CIT Money Market account. You’ll be able to earn interest and access your funds at any time.
CIT also offers the Premium High Yield Savings and Savings Builder accounts. Even though there are no physical branches in Connecticut, you can bank online or via a mobile app. CIT Bank also offers CDs and home loans.
4. Webster Bank
Headquartered in Stamford, Webster Bank has hundreds of branches and ATMs throughout the state. Its checking accounts come with low minimum balance requirements and free online bill pay. If you sign up for the Webster Bank Visa and use it to make everyday purchases, you’ll earn one point for every dollar you spend and won’t have to pay an annual fee.
Webster Bank also offers a wide variety of other products and services, such as savings accounts, Certificates of Deposit (CDs), Health Savings Accounts (HSAs), loans, wealth management services, and commercial banking.
5. Citizens Bank
Citizens Bank is a national bank with more than 30 branches in Connecticut. Its One Deposit checking account is a solid choice because you won’t have to pay monthly maintenance fees as long as you make one deposit per month. Plus you can open the account without a minimum balance requirement. Other popular products include savings accounts, money market accounts, CDs, and IRAs.
With the Citizens Peace of Mind overdraft protection program, you’ll receive an alert if you overdraft your account. In addition, the bank will provide a grace period so you can avoid overdraft fees. Also, if you set up direct deposit with Citizens, you can get paid two days early during every statement cycle.
6. M&T Bank
M&T Bank’s branches and ATMs can be found in many Connecticut cities, such as Stratford, Fairfield, Westport, Monroe, and Trumbull. Its personal banking products include checking accounts, savings accounts, CDs, credit cards, loans, mortgages, and insurance.
If you download its mobile app, you’ll be able to send and receive money via Zelle, deposit checks on the go, and keep tabs on your spending habits. The bank also offers mortgage assistance programs to help you cover your mortgage costs as you deal with financial hardship.
In addition, its lineup of small business banking products for small businesses, like business checking accounts, business credit cards, and merchant services can help you meet your business goals.
7. Union Savings Bank
Union Savings Bank is a local bank in Connecticut with a focus on customer relationships and customizable banking solutions. It has branch locations in Bethel, Brookfield, Danbury, Canton, Goshen, Litchfield, and many other cities throughout the Constitution State.
Union’s lineup of personal banking products is vast and features checking accounts, savings accounts, credit cards, mortgages, and HELOCs. This hometown bank has robust digital services including digital wallets, Spending Insights, online banking, mobile banking, and Zelle. As a Union customer, you can work with a certified FutureTrack coach, design a customized plan, and meet your financial goals.
8. Bankwell Bank
Bankwell Bank was established in 2002 and serves individuals and small business owners in Fairfield and New Haven County. You can choose from its personal banking products, such as the Smart Checking, Smart Savings, Smart Money Market, and Smart IRA accounts.
The bank also offers a Switch Kit so you can easily transition to it. Additionally, you may opt for its treasury management services to manage your business finances. Treasury management services include business banking online, account analysis, account reconciliation, wire transfers, ACH origination, commercial credit cards, mobile check deposit, and zero balance accounts.
9. First County Bank
First County Bank is an independent bank in Fairfield. It strives to make money management easy through checking accounts, savings accounts, credit cards, loans, insurance, and online banking.
If you’re in the market for a home, you’ll appreciate First County’s mortgage center, which offers mortgages with attractive rates and terms, home equity products, and a plethora of mortgage resources.
Its wealth management services are specifically tailored to individuals and families, women, family businesses, and nonprofit organizations. In addition, the First County Foundation awards grants to support a variety of causes.
10. Dime Bank
Dime Bank serves southeastern Connecticut and Rhode Island. As a Dime customer, you can choose from five checking accounts that come with perks like free ATM withdrawals, a cell phone protection plan, digital banking tools, and roadside assistance.
If you’re in need of a savings account, you may opt for a traditional savings account, Club accounts for holidays and special trips, and a money market account with higher returns. Dime also offers a plethora of consumer loans, such as mortgages, home equity loans, home equity lines of credit, construction loans, vehicle loans, and personal loans.
11. Capital One
Capital One is a national bank with a variety of banking products like accounts for adults, children, and teens, credit cards, loans, and CDs. Even though there are no branches in Connecticut, we still believe it qualifies as a best bank in Connecticut because you can enjoy online banking via an online portal or banking app.
Additionally, you’ll have access to over a hundred fee-free ATMs in the state. The Capital One 360 Checking is a free checking account with no monthly service fee or minimum balance requirements. There’s also the 360 Performance Savings, which is a high-yield savings account with a competitive APY. Additionally, Capital One does not charge overdraft fees.
12. Chase Bank
Chase Bank has a large presence in the U.S. and over 50 branches in Connecticut to help you meet various banking needs. Its full suite of products includes checking accounts, credit cards, loans, and wealth management services. The bank also provides banking solutions for children, teens, and young adults.
The most popular account at Chase is the Total Checking account, which comes with perks like online bill pay, mobile check deposit, account alerts, free credit reports, and Zelle transfers. If you open a new checking account, you may qualify for a generous sign-on bonus.
Bottom Line
Connecticut is home to a variety of banks. The best bank for you depends on the products you’re seeking, whether you prefer in-person or online banking, and your particular financial goals. Best of luck in your search for a bank in the Constitution State.
Frequently Asked Questions
What are the largest banks in Connecticut?
The largest banks in Connecticut are M&T Bank, Webster Bank, and Bank of America. While a large bank has many advantages, like a vast selection of banking products, it might not be the best choice if your goal is personalized banking service.
How do I open a bank account in Connecticut?
It’s easy to open a bank account in the Constitution State. All you need is a government-issued ID like a driver’s license or passport, your Social Security, and some money to fund the account. Some online banks will also require you to set up direct deposit.
Should I choose a bank or credit union in Connecticut?
A bank is typically a solid option if you’re looking for diverse products and services. However, credit unions might make more sense if you want to become a member in exchange for personal advice and service.
What is the oldest bank in Connecticut?
Liberty Bank is the oldest bank in Connecticut. It was founded in 1825 and offers a plethora of personal and business banking products.
What are some regional banks in Connecticut?
There are many regional banks in Connecticut. Several examples include Bankwell Bank, Dime Bank, Jewett City Savings Bank, Newtown Savings Bank, Eastern Connecticut Savings Bank, Northwest Community Bank, Ion Bank, Chelsea Groton Bank, and Milford Bank.
Are online banks safe?
Absolutely! Even though online banks use mobile apps and online portals, most of them are member FDIC, which means your money will be covered by the federal government if the bank shuts down for any reason. As an added bonus, online banks have lower fees than brick-and-mortar banks.
Hedgelawn Farm isn’t your typical New England homestead.
With three luxurious buildings and over 28 acres of preserved woodlands, the property on 191 Roxbury Road offers an idyllic rural retreat. It was listed in April for $9,500,000,
On the property’s highest point sits the 4,500-square-foot barn house, which was originally built as a tobacco barn in 1865. Its newly renovated interior contains much of the original post-and-beam structure.
This three-bedroom, 4.5-bathroom converted barn is the crown jewel of the property.
“The current owners purchased the property in 2007 and took inspiration from luxury Manhattan penthouses when designing the barn house,” says Jack Wagner, the property’s representative. “They also tried to keep as many historic elements that they could.”
Part of this renovation included an upscale “wellness level,” which has a Zen garden and a deluxe bathroom space.
The property’s other two buildings consist of the original home, which dates to the 1700s (now a California modern, two-bedroom, 2.5-bath guesthouse), and a small one-bedroom cottage.
These buildings were renovated and offer a blend of modern luxury and historic craftsmanship.
The thoughtful landscaping includes picturesque trails, two pools, a six-car garage, and a summer garden pavilion. The scenic space overlooks hundreds of acres of Steep Rock Land Trust.
Hedgelawn Farm is just an hour’s drive from Hartford and New Haven, making it a bucolic getaway for those working in any of the major surrounding cities.
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Connecticut is known for its charming mix of coastal towns, rolling countryside, and historic landmarks. From the lively city of Hartford to the quaint village of Mystic, Connecticut has a variety of places to call home – and many home styles to consider. So if you’re looking to buy a home in Connecticut, there are plenty of styles representative of the region.
At Redfin, we’ve compiled a list of the 12 most popular Connecticut home styles, whether you’re looking to buy a home in New Haven or a vacation property by the beach. Let’s explore some quintessential Connecticut-style homes.
1) Saltbox
Saltbox homes are a historic and unique style located in various East Coast cities. These houses have a flat, front façade that faces the street, clapboard siding, with five or nine rectangular windows, depending on the style. Inside, saltbox homes have lots of natural light, high ceilings, and an attic space. Saltboxes are typically historic and preserved over the years, meaning you probably won’t find a new construction version.
2) Cape Cod
Cape Cod homes are a beloved and familiar house style in the US housing market, particularly along the East Coast and in states like Connecticut. Known for their symmetrical design, steep pitched roof, and large chimney, these are a popular home style for many. These single-story homes usually feature two to three bedrooms, an open floor plan, and plenty of windows to allow natural light to flood in. While most Cape Cod homes are single-story, you can find some multi-story homes. The exterior of these homes is typically made of cedar shingles, brick, stucco, or stone.
3) Colonial
With a history dating back to the early 1600s, Colonial homes are some of the oldest home styles found in the US. And it’s no surprise they’re a common Connecticut style home due to their East Coast origin. Despite variations in architectural styles, these homes share common features.
You’ll typically find a two-story design, steep gable or gambrel roof, and centrally-located fireplace or two fireplaces on the sides of the home. Homes have a variety of exterior designs whether in stone, wood, or brick. You’ll find symmetrical windows on the façade while the interior has formal living and dining rooms on the main floor, with bedrooms on the second level.
4) Contemporary
Contemporary homes offer a unique and modern look, with an emphasis on simplicity and functionality. These homes feature clean lines and a minimalist design, with a focus on natural light and open space. Expect to see a mix of materials like metal, glass, and concrete, for a look that’s both elegant and sophisticated.
5) Cottage
Cottages are a delightful home style that can be found all over Connecticut. They typically feature steeply-pitched gable roofs, with shingles, stone, or brick accents on the exterior, as well as an arched front door and porch. The floor plan of many cottages is asymmetrical, meaning that the layout is different on each side of the home. Interiors often have one or two bedrooms and bathrooms, as well as an open floor plan. Throughout the home, you’ll discover cozy details like fireplaces, exposed brick walls, and wood beams.
6) Craftsman
Craftsman homes in Connecticut offer a unique blend of natural materials and artistic design. These homes are known for their handcrafted details such as exposed beams, built-in cabinetry, and intricate woodwork. You’ll find an open floor plan with plenty of natural light, high ceilings, and large windows that frame the picturesque Connecticut landscape. The exterior typically includes a front porch with tapered columns, shingles or clapboard siding, and low-pitched rooflines.
7) Farmhouse
Farmhouses are a traditional home style that has stood the test of time, and you’ll find many beautiful examples throughout Connecticut. These homes were originally built on farms, but today they’re found in a variety of settings. Farmhouses typically feature a spacious layout with large kitchens and open living areas perfect for entertaining. Exteriors often have classic wood siding, a gabled roof, and a welcoming front porch. Inside, you’ll find plenty of storage space and charming wood accents that give the home a warm and inviting feel.
8) Greek Revival
Greek Revival homes in Connecticut are often found in historic districts and represent a significant part of the state’s architectural heritage. These houses typically feature grand, symmetrical facades with prominent columns or pilasters. The exteriors are often made of brick or painted wood, with a gabled roof and tall windows that provide ample natural light. The interiors are characterized by high ceilings, elaborate molding, and ornate fireplaces.
9) New construction
New construction homes often have a traditional New England architectural style. They feature modern amenities and energy-efficient designs. Many new homes are built with an open floor plan, high ceilings, large windows, and spacious living areas. New construction homes may include features such as smart home technology, gourmet kitchens, and designer finishes.
10) Ranch
Ranch homes, also known as ramblers, are not as common in Connecticut, but are still available in the state. Connecticut style ramblers typically feature a long, low-slung design with a simple, modern aesthetic. Many are built with brick or stone exteriors and large windows to take advantage of natural light. You’ll also find open floor plans and modern amenities.
11) Tudor
Tudor-style houses are a beautiful and unique option for those seeking a home with a bit of historical flair. These brick-exterior homes with white stucco and half-timbering details draw inspiration from England’s Tudor period and feature a romantic, slightly medieval design. Inside, you’ll often find exposed beams, rounded doors, and a mix of window styles, including oriel, diamond-shaped panes, and tall, narrow windows. Whether you’re looking for a spacious home in Connecticut or a cozy retreat, Tudor-style houses offer plenty of charm and character.
12) Victorian
Connecticut has a rich history of Victorian architecture, with many homes built in the late 1800s and early 1900s. One popular style is the Queen Anne Victorian, which has ornate details like turrets, towers, and wrap-around porches. Another popular style is the Second Empire Victorian, known for its mansard roof and dormer windows.
Gothic Revival Victorians are also common in Connecticut, with steeply-pitched roofs, pointed arches, and intricate woodwork. Lastly, Italianate Victorian homes, with their distinctive tall, narrow windows and decorative brackets are also a popular architectural style in Connecticut.
Historically, life insurance has been a taboo subject.
As humans, we’re hardwired to think we’ll live forever. Since discussing life insurance means we’re addressing our own mortality, far too many of us choose to avoid the situation altogether.
Fortunately, the tide appears to be turning as more and more families choose to buy coverage for their families.
A study from Life Happens and life insurance research and development agency (LIMRA) showed that over 106 million of American adults are in need of some type of life insurance coverage or more of it.
Further, the number of households with life insurance coverage decreased by 13% over the last decade.
Parents under 45 with children in the home are buying coverage at higher levels than ever. From 2010 to 2022, individual coverage for millennials under the age of 35 also grew by a whopping 48 percent.
While this is all good news, far too many families still don’t have enough life insurance coverage in place. As a 2022 study from Bankrate showed, nearly half of respondents said they had less than $100,000 in coverage, while 21 percent noted they had $21,000 in coverage or less.
While some coverage is better than nothing, for most families, this isn’t nearly enough.
Introducing Haven Life
Fortunately, there’s a new – and easy – way to purchase the right amount of term life insurance coverage for your family. With Haven Life, you can apply for a tailored life insurance policy online and get coverage in a matter of days – or even hours.
Better yet, you can purchase a Haven Life term life insurance policy on top of the life insurance coverage you already have. So, if you have a life insurance policy through your employer, you don’t have to give it up. Best of all, term life insurance typically coverage costs a lot less than you think.
But, why Haven Life? First off, Haven Life only sells affordable term life insurance. With Haven Life, you’ll never have to endure a long sales speech about whole life insurance that costs an arm and a leg.
Since Haven Life only sells term coverage, you can shop for the coverage you want without worrying about cheesy salesman or absurd pricing. Keep in mind, a 35-year-old man could buy $500,000 in term life insurance coverage for as little as $21 per month!
Another huge reason to shop for life insurance with Haven Life? You can apply entirely online. By clicking through to Haven Life’s online application page, you could be on your way to affordable life insurance coverage in minutes.
Simply fill out the application with your personal details, health information, and life insurance needs, and you’ll quickly find out how much you qualify for – and how much it costs.
And if you’re in perfect health, the news could be even better.
Because Haven Life offers InstantTerm – a type of policy that doesn’t require a medical exam – those with excellent health could apply for life insurance coverage and have a policy in place within hours. You don’t have to apply for an InstantTerm policy separately, either.
Once you fill out Haven Life’s application, you’ll find out whether you qualify for InstantTerm right away. Check to see if no exam life insurance for smokers applies to you.
If you do not qualify, you will have 90 days to go through the standard medical exam procedure that most other term life insurance companies employ.
Where you once had to sit in a stuffy insurance agent’s office to buy life insurance or get contacted by a bunch of agents through an online form, the online application process created by Haven Life has made buying a policy that much easier.
Better yet, you’ll get the same quality of coverage you would buy through a normal agent and you get coverage that is competitive with the rest of the industry, even those that require a medical exam.
With Haven Life, you can count on receiving:
A simple online application process
No medical exam for qualified, healthy applicants
Easy price and policy comparisons
An immediate decision with InstantTerm
Backing of Mass Mutual, an insurer with 160 years of experience
A plain language no commission policy
The Haven Life Online Application Process
Since you’re reading this review, you’re probably aware you need more life insurance coverage. While you’ve taken a positive first step in the right direction, you’re not done yet.
In order to receive the coverage your family so desperately needs, you need to move forward with the application process.
The good news is, the Haven Life online application process is simple – and with no strings attached. To get started, you’ll simply head to HavenLife.com and fill out some basic information on the home page.
From there, you’ll select the prompt that says “Apply Now.”
Once you begin your application, you’ll need to fill out some basic information about yourself, your income, your family, and your health.
Before you get started, here are some details you’ll need to have ready:
Name
Address
Income
Net Worth
Employment Status
Military Status
Criminal History
Driving History
Travel Plans
Tobacco Use
Alcohol Use
Health History
Social Security Number
Driver’s License Number
Once you submit the required information, you’ll get an answer immediately on whether you’re approved or not and how much your monthly premium will be.
In some cases, you’ll need to complete a medical exam to get coverage, but will still have coverage while the underwriting process takes its course.
Fort those who qualify with the best rate class, however, will likely qualify for an InstantTerm policy with no medical exam required. With Haven Life’s InstantTerm, you can apply for coverage in the morning and have a life insurance policy in place by afternoon.
How Much Does Term Life Insurance from Haven Life Cost?
While whole life insurance coverage can be prohibitively expensive, term life can be downright cheap. I filled out a few applications to work up some examples, and here’s what I found:
A 35-year-old woman in excellent health can buy a 20-year term policy with a death benefit of $500,000 for as little as $18.50 per month.
A 47-year-old man in excellent health can buy a 20-year term insurance policy for $500,000 for as little as $58.50 per month
A 26-year-old man can buy a 30-year term life policy for $250,000 for as little as $19.75 per month.
A 36-year-old woman can buy a 20-year policy for $750,000 for as little as $28 per month.
At the end of the day, the cost of your policy depends on factors such as your age, your health, and how much coverage you want to buy.
That’s why filling out a preliminary application with Haven Life is the best way to get started – you don’t know how much you could save unless you apply.
Even if you hope to buy a larger policy, it may be more affordable than you think.
On the other hand, Haven Life does have the right to deny applicants who have poor health or a higher risk of early death. And even if you’re quoted an affordable monthly rate, the true monthly premium of your policy could change once your medical exam results are read.
Fortunately, you are not required to purchase a term life insurance policy from Haven Life – even after you submit an application and complete a medical exam.
Also keep in mind that Haven Life offers quotes from competing insurers as well as their own. If you could find a better deal on term life insurance elsewhere, Haven Life will let you know.
Since term life insurance all works similarly, the best thing you can do is shop around among different issuers or at least compare prices before you buy. Haven Life makes this part easy by offering competing quotes directly on their own site.
Haven Life Plus
Haven Life has unveiled a new “rider” on their insurance plans, and it’s very different than most riders out there. You don’t get accelerated death benefit or anything like that. Instead, you’re getting additional benefits that you won’t get with any other carrier.
First, you’re getting legal services (wills and healthcare power of attorney) through Trust & Will. These services usually cost $129, but if you have a Haven Life insurance plan, you get them for free.
Next, you’ll get 15% off health care services at any MinuteClinic. These MinuteClinics are in CVS and Targets across the country. You don’t have to have an appointment and they are open every day.
Additionally, if you’re a Haven Life policyholder, you get a LifeSite membership for free. LifeSite is a secure and easy way to store all of your important documents and share them across multiple platforms and devices. A membership typically costs $80, but you get this for free with Haven Life.
The most interesting benefit of Haven Life Plus is the discount to use TeloYears. What is TeloYears? It’s an at-home DNA test which details your biomarkers. These biomarkers can outline some ways you can improve your health and point out any potential problems in your lifestyle.
Lastly, you’ll get a LifeLink subscription. The goal of LifeLilnk is to make calling emergency services as easy and simple as possible. If you’re ever in an emergency, LifeLink allows you to get in touch with emergency services with just one button. After the call is over, your emergency contacts will be automatically contacted.
All of these benefits are included in the cost of your plan. You won’t have to pay extra for the benefits. Haven Life wants to help you live your best life, not just provide coverage after you pass.
What are People Saying About Haven Life?
Although Haven Life launched in May of 2015, they have already built an excellent reputation among both consumers and life insurance ratings agencies.
This is partly because Haven Life is owned by MassMutual, an insurer with 160 years of experience in the life insurance business.
As of February 2023, MassMutual and its subsidiaries C.M. Life Insurance Company and MML Bay State Life Insurance Company were rated by A.M. Best Company as A++ (Superior; Top category of 15).
Of course, ratings aren’t nearly as important as firsthand reviews and experience. Fortunately, I know one person who saved almost 50 percent on her premiums when she bought a 20-year term policy for $1,000,000 last year.
Where another company quoted her $60 per month for coverage, a policy with Haven Life came in at just $28 per month.
Haven Life on Trust Pilot
Trust Pilot also offers a range of ongoing reviews from new Haven Life customers. Here are some of the reviews consumers have left:
“The experience with Have Life was excellent. The process was very easy and not burdensome. The response was quick and not drawn out like I experienced with other life insurance companies.” – Tiffani
“Can’t say enough good comments about this product and the ease, no hassle experience with this company. Their website is very easy to use which made it easy to decide exactly what I wanted. A couple of emails back and forth, a 20-minute visit by the nurse to for the medical checkup and that was it. No pressure, no trying to steer me to a different product, can’t beat it!” – William
“The process of buying life insurance through Haven Life was great. I dreaded going to see a financial advisor who would try to sell me on products I didn’t want or need. This was a perfect alternative to that process and took less than 30 minutes to complete. If you know what your looking for and don’t want the hassle of a salesman trying to upsell you, Haven Life is perfect.” – Benjamin
How Much Life Insurance Should I Buy?
If you’re one of the millions of Americans who have some life insurance coverage, you might wonder whether buying more is a good investment. Keep in mind that most experts suggest buying at least 5-10x your income in life insurance coverage. If you earn $50,000 per year, for example, you’ll want to have at least $250,000 – $500,000 in place.
While this is a good place to start, many experts believe you need a whole lot more.
Fortunately, Haven Life offers a life insurance calculator you can play around with to get an idea of how much coverage to buy. Based on your answers to a series of questions, you can get a general range of coverage that will adequately protect your spouse and kids.
While there are numerous reasons to load up on life insurance coverage, here are some of the main life expenses your policy needs to cover:
Income Replacement – If you or your spouse were to pass away early, you would need to make sure your life insurance policy was adequate to replace your income during your working years.
College Tuition – If you have children and want them to attend college, it’s important to consider this expense when you buy life insurance. With enough coverage in place, you could get your kids through college debt-free.
Mortgage Payments – Whether you have the typical thirty-year mortgage or a loan with a shorter term, it’s important to consider how this loan will be paid off if you died. Consider adding enough life insurance to pay for your mortgage in its entirety upon your death.
Funeral Expenses – Passing away before your time is both tragic and expensive. Depending on the type of funeral your family plans, they might need to spend $10,000 or more. Make sure your life insurance policy is large enough to cover funeral expenses in addition to everything else.
Children’s Expenses – Kids are expensive, and they only get more expensive as they age. If you have children at home, make sure you have plenty of coverage to pay for daily living expenses, college tuition, sporting events, weddings, and more.
Who Can Get a Haven Life Policy?
If you’re thinking about getting a Haven Life term life insurance policy, you’re in luck. Currently, the insurer sells affordable term life insurance in 48 states plus the District of Columbia.
They’re not yet available in California or Montana, but they hope to change that soon.
To qualify for a policy, you must meet medical standards or pass a medical exam set up by Haven Life. You should be at least 18-years-old but younger than 65. You also need to meet the following qualifications:
Be a non-military U.S. citizen
Have a valid driver’s license
Not intend to use the policy for business purposes or to replace another policy
Financial Strength of Haven Life
The financial strength of Haven Life is evidenced by the fact that it is backed by the 150-year-old MassMutual, a leading provider of life insurance and retirement products.
With over $500 billion in assets, MassMutual has maintained an A++ rating from AM Best for nearly two decades, making it one of the most highly rated life insurers in the US. Additionally, Haven Life is licensed to sell life insurance in all 50 states and also holds licenses with other jurisdictions.
RATING AGENCY
RATING
OUTLOOK
A.M. Best Company
A++ Superior
Stable
Fitch Ratings
AA+ Very Strong
Stable
Moody’s Investors Service
Aa3 High Quality
Stable
Standard & Poor’s
AA+ Very Strong
Stable
The Bottom Line – Haven Life Insurance
If you’re thinking of buying a term life insurance policy, don’t delay.
The younger you are when you buy a policy, the more affordable your monthly premiums will be. And if you should happen to become sick, you’ll have peace of mind knowing you already have the life insurance coverage you need.
To get started, visit Haven Life’s home page to begin the quick and simple process of applying online. Within a matter of minutes, you should have a general idea of whether you’ll qualify, how much coverage you can buy, and how much your monthly premiums will cost.
You may not want to talk about life insurance, but you do need to act. Buying an inexpensive term policy is the best way to protect your family today, tomorrow, and always.
Do you have term life insurance coverage? How much did you pay?
Haven Life offers a refreshing approach to life insurance, making the process of purchasing a policy easier and more convenient for consumers. The company provides a user-friendly online platform where you can quickly compare different life insurance options, determine your coverage needs, and apply for a policy. The application process is straightforward and easy to complete, with no medical exams required in many cases. One of the standout features of Haven Life is the use of technology to streamline the life insurance experience. From the online platform to the automated underwriting process, everything is designed to make the process as fast and hassle-free as possible. Customers also appreciate the ability to manage their policy online, view account information, and make payments with ease.
Cost and Fees
Customer Service
User Experience
Overall
4.3
Pros
Convenient online process: Haven Life makes it easy to purchase a life insurance policy online, with a simple and straightforward application process.
No medical exams required: In many cases, Haven Life does not require a medical exam for approval of coverage, making it a convenient option for those who are healthy and do not want to go through a medical exam.
Affordable: Haven Life offers competitive life insurance rates, making it a cost-effective option for many consumers.
Access to financial advice: Haven Life provides customers with access to financial advice and support, helping them make informed decisions about their coverage and overall financial health.
Cons
Limited coverage options: Haven Life primarily offers term life insurance, which may not meet the needs of everyone. If you are looking for a more comprehensive coverage solution, you may need to consider a different company.
Online process may not be for everyone: While the online process can be convenient for some, it may not be ideal for those who prefer to work with a human agent.
Potential for higher premiums: If you have pre-existing health conditions, you may be charged a higher premium for life insurance coverage, which could make it more expensive than other options.
Newer company: Haven Life is a relatively new company in the life insurance market, which may make some customers hesitant to work with them.
LifeHappens.org (2022 April) Owning Life Insurance Provides a Clear Path to Financial Security Retrieved from https://lifehappens.org/research/owning-life-insurance-provides-a-clear-path-to-financial-security/
MassMutual.com (n.d.) Financial Performance and Insurance Ratings Retrieved from https://www.massmutual.com/about-us/massmutual-financial-summary
Trust Pilot Haven Life Review (n.d.) Retrieved from https://www.trustpilot.com/review/havenlife.com
The 2022 TIAA Institute-GFLEC Personal Finance Index (2022) Retrieved from https://gflec.org/wp-content/uploads/2022/04/TIAA-Institute-GFLEC-2022-Personal-Finance-P-Fin-Index.pdf?x59497
Form a connection with one of these Connecticut college towns.
As a small state nestled in the heart of New England, Connecticut boasts a rich history, numerous charming towns and a strong academic tradition. With a mix of prestigious private universities and esteemed public institutions, Connecticut offers an array of options for students of all walks of life seeking higher education.
In this article, we’ll explore the best college towns in Connecticut. Get ready to discover what makes these towns exceptional places to live, learn and grow into the person you were always meant to become.
Home to the prestigious Yale University, New Haven is a city steeped in history and academic excellence. As one of the oldest cities in the United States, New Haven is known for its beautiful architecture, including the iconic Gothic-style buildings of Yale’s campus.
Downtown New Haven offers a vibrant cultural scene, with a diverse array of restaurants, bars and shops. Foodies will especially appreciate the city’s culinary offerings, which range from mouthwatering pizza at the renowned Frank Pepe Pizzeria Napoletana to upscale dining at Union League Café. The city also boasts several theaters, including the Shubert Theater and the Yale Repertory Theatre, which host a variety of performances throughout the year.
For those who enjoy spending time outdoors, New Haven’s numerous parks, like East Rock Park and Edgewood Park, provide convenient walking, jogging and picnicking opportunities. The city’s location along the Long Island Sound also means that beaches, like Lighthouse Point Park, are always just a short drive away.
As the capital city of Connecticut, Hartford is home to several colleges and universities, including Trinity College, University of Hartford and University of Saint Joseph. With its bustling downtown and rich history, Hartford offers a unique college experience in a metropolitan setting.
The city is known for its cultural attractions, like the Connecticut Science Center and the Mark Twain House and Museum. The Bushnell Center for the Performing Arts hosts a variety of performances throughout the year, including Broadway shows, concerts and comedy acts.
Hartford also offers a diverse food scene, with tons of restaurants, cafés and bars to suit every taste. The city’s nightlife is lively, with plenty of venues hosting live music, trivia nights and other events geared toward the college-age crowd.
For outdoor enthusiasts, Hartford’s parks, like Bushnell Park and Elizabeth Park, offer a welcome respite from city life. The nearby Farmington River also provides opportunities for kayaking, tubing and fishing.
Located in the picturesque countryside of eastern Connecticut, Storrs is home to the University of Connecticut. With a population of just over 16,000 full-time residents, Storrs is a quintessential college town, offering a close-knit community and a peaceful setting for students to focus on their studies.
The town’s charming downtown area features ample shops and restaurants and hosts a number of events throughout the year. The Ballard Institute and Museum of Puppetry, located on the University of Connecticut campus, is just one of the many unique cultural attractions that showcase the arts in this cool college town.
Outdoor enthusiasts will find plenty to enjoy in Storrs and the surrounding area. The Nipmuck State Forest and the Fenton River offer opportunities for hiking, biking and fishing. The nearby Horsebarn Hill provides stunning views of the campus and surrounding countryside, making it a popular spot for picnics and scenic sunsets.
Located along the Long Island Sound, Fairfield is home to Fairfield University and Sacred Heart University. With its beautiful coastline, historic downtown and strong sense of community, Fairfield offers a charming and classic New England setting for college students.
The town’s downtown area, known as Fairfield Center, is filled with shops, restaurants and cafés. The Fairfield Theatre Company, located in the heart of downtown, hosts live concerts, theater performances and film screenings, making it a cultural hub for the community on and off the college campuses.
Fairfield’s coastal location offers numerous opportunities for beachgoers and water sports enthusiasts. Jennings Beach and Lake Mohegan are popular destinations for swimming, sunbathing and kayaking. The town also boasts several parks, like the picturesque Fairfield University Campus and the tranquil Connecticut Audubon Society at Larsen Sanctuary, which offer opportunities for walking, jogging and birdwatching.
Hamden is home to Quinnipiac University. Known for its welcoming atmosphere and a strong sense of community, Hamden offers a serene setting for college students seeking a quiet, suburban college experience.
The town’s main street, Whitney Avenue, is lined with local shops, unique restaurants and cool coffee shops, providing students with a variety of dining and shopping options. Hamden also hosts several annual events, including the Hamden Summer Concert Series and the Hamden Arts and Crafts Fair, which showcase the town’s commitment to fostering a vibrant community.
Outdoor enthusiasts will appreciate Hamden’s countless parks and green spaces. Sleeping Giant State Park, named for its unique, slumbering giant-shaped ridgeline, offers miles of hiking trails and breathtaking views of the surrounding area. The Farmington Canal Heritage Trail, a multi-use trail that runs through the town, provides opportunities for walking, biking and rollerblading without having to leave town.
As an honorable mention on our list of best college towns in Connecticut, Middletown is home to Wesleyan University. Located along the Connecticut River, this vibrant college town offers a diverse array of cultural attractions, dining options and recreational opportunities.
Downtown Middletown, known for its bohemian vibe, features eclectic shops, art galleries and a wide variety of restaurants, including vegetarian and vegan options. The town is also home to several theaters, like the Buttonwood Tree Performing Arts and Cultural Center, which hosts a range of performances and events throughout the year.
Outdoor enthusiasts will find plenty to enjoy in Middletown and the surrounding area. The Connecticut River offers opportunities for boating, fishing and kayaking, while nearby Wadsworth Falls State Park provides miles of hiking trails and a picturesque waterfall.
There’s a cool Connecticut college town just for you
Connecticut is home to some of the best college towns in New England, each offering a unique blend of academic excellence, charming surroundings and vibrant cultural attractions. Whether you’re drawn to New Haven’s historic charm, Hartford’s bustling capital city atmosphere, Storrs’ picturesque countryside, Fairfield’s coastal beauty, Hamden’s welcoming community or Middletown’s bohemian vibe, there’s a college town in Connecticut that’s perfect for you.
Find your favorite college town, pick an apartment complex that’s close to campus and fill out your application today.
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