Cost of Living in Derby

Derby, is a small city located in New Haven County with a population of approximately 12,700 residents. The cost of living in Derby is generally considered to be more affordable compared to the larger cities in Connecticut, but it can still be relatively high compared to the national average, reflecting the overall cost of living in the Northeastern United States.

Housing prices in Derby vary depending on the location, size, and condition of the property. As of my knowledge cutoff in early 2023, the median home value in Derby is around $250,000. For a 3-bedroom home, prices typically range from $200,000 to $300,000, while 4-bedroom homes may cost anywhere from $250,000 to $350,000 or more. These prices can fluctuate based on market conditions and specific neighborhood characteristics.

Apartment rentals in Derby are relatively more affordable compared to purchasing a home. A 1-bedroom apartment might rent for between $1,000 to $1,300 per month, while a 2-bedroom apartment can range from $1,200 to $1,600 per month. Larger apartments or rental homes with 3 or 4 bedrooms could cost upwards of $1,800 to $2,500 per month. The purchase price for apartments, or condominiums, will vary widely based on location, amenities, and size, but you can expect prices to start around $100,000 and go up to $200,000 or more for a 2-bedroom unit.

When it comes to dining out, Derby offers a variety of restaurants ranging from casual eateries to more upscale dining options. A meal at an inexpensive restaurant might cost around $15 per person, while a three-course meal at a mid-range restaurant could be around $50 to $70 for two people. Fast food and takeout options are also widely available, with prices typical for the region.

Utilities, including electricity, heating, cooling, water, and garbage, for a standard 85m² apartment in Derby, can range from $150 to $250 per month, depending on usage and the time of year. Internet services typically add another $60 to $80 per month.

Private school tuition in Derby can be quite costly, as is the case throughout much of Connecticut. For preschools, tuition can range from $10,000 to $20,000 per year. Elementary and middle schools can cost between $15,000 to $30,000 annually, while private high schools may charge from $20,000 to over $40,000 per year. These costs will vary depending on the institution's reputation, facilities, and the specific programs they offer.