Waterbury, CT Cost Of Living
Cost Of Living In Waterbury, CT Summary
Cost of living in Waterbury research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Waterbury is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Connecticut, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Waterbury is 104, with 100 being the average.
The cost of living index in Waterbury is 1.0x higher than the national average.
Waterbury ranks as the #1 cheapest in Connecticut out of 55.
Waterbury ranks as the #3,585 cheapest out of 6,412 in the US.
The median home value in Waterbury is $140,700.
The median income in Waterbury is $48,787.
Table Of Contents
Waterbury's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Waterbury, CT?
According to the most recent data on the cost of living, Waterbury has an overall cost of living index of 104, which is 1.0x higher than the national index of 100.
Compared to Connecticut, Waterbury has a cost of living index that's 0.9x lower than Connecticut's index of 114.
The standard of living in Waterbury ranks as #1 most affordable out of the 55 places we measured in Connecticut. By definition, that implies Waterbury ranks as the #54 most expensive place in the Constitution State.
For more reading on life in Waterbury, check out:
- Living In Waterbury
- Waterbury Crime Report
- Search Homes For Sale In Waterbury, CT
In Connecticut
In America
Waterbury Cost Of Living Vs. Connecticut
Six factors go into calculating the cost of living index in Waterbury. Here is how it fairs on each of the criteria:
The Services index in Waterbury is 115.
The Groceries index in Waterbury is 104.
The Health index in Waterbury is 112.
The Housing index in Waterbury is 78.
The Transportation index in Waterbury is 106.
The Utilities index in Waterbury is 143.
| Living Expense | Waterbury | Connecticut | National Average | |
|---|---|---|---|---|
| Overall | 104 | 114 | 100 | |
| Services | 115 | 113 | 100 | |
| Groceries | 104 | 101 | 100 | |
| Health | 112 | 107 | 100 | |
| Housing | 78 | 123 | 100 | |
| Transportation | 106 | 104 | 100 | |
| Utilities | 143 | 127 | 100 | |
Waterbury, CT Housing Cost Breakdown
Housing swings affordability the most between places in Connecticut, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Waterbury is $140,700.
The Median Rent in Waterbury is $1,042.
The Median Income in Waterbury is $48,787.
The Home Value To Income in Waterbury is 2.9x.
The Rent To Monthly Income in Waterbury is 0.26x.
| Statistic | Waterbury | Connecticut | United States |
|---|---|---|---|
| Median Home Value | $140,700 | $286,700 | $244,900 |
| Median Rent | $1,042 | $1,260 | $1,163 |
| Median Income | $48,787 | $83,572 | $69,021 |
| Home Value To Income | 2.9x | 3.4x | 3.5x |
| Rent To Monthly Income | 0.26x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Waterbury, CT Costs By Category
Detailed Waterbury Services Costs Vs. Connecticut
| Item | Waterbury | Connecticut |
|---|---|---|
| Shampoo | $0.97 | $1.06 |
| Movie | $11.57 | $10.68 |
| Bowling | $17.47 | $14.67 |
| Haircut | $27.97 | $18.62 |
| Beauty Salon | $47.72 | $39.05 |
Detailed Waterbury Groceries Costs Vs. Connecticut
| Item | Waterbury | Connecticut |
|---|---|---|
| Ground Beef | $4.66 | $4.22 |
| Fried Chicken | $1.51 | $1.39 |
| Milk | $2.52 | $2.05 |
| Potatoes | $4.12 | $3.29 |
| Pizza | $9.41 | $10.62 |
| Beer | $10.04 | $9.38 |
| Toothpaste | $2.08 | $2.34 |
Detailed Waterbury Health Costs Vs. Connecticut
| Item | Waterbury | Connecticut |
|---|---|---|
| Optometrist | $112.13 | $108.57 |
| Doctor | $130.27 | $116.17 |
| Dentist | $107.76 | $99.13 |
Detailed Waterbury Transportation Costs Vs. Connecticut
| Item | Waterbury | Connecticut |
|---|---|---|
| Gasoline | $2.3 | $2.22 |
| Tire Balancing | $56.11 | $50.07 |
Detailed Waterbury Utilities Costs Vs. Connecticut
| Item | Waterbury | Connecticut |
|---|---|---|
| All Electricity | $302.49 | $167.67 |
| Phone | $178.6 | $175.64 |
Waterbury SnackAbility
/10
Cost Of Living In Cities Around Waterbury
The cost of living varies in the cities and towns around Waterbury. Here's a quick look at the cost of living in the most populous nearby places:
Bristol, CT has a cost of living index of 110, 1.1x Waterbury.
Naugatuck, CT has a cost of living index of 111, 1.1x Waterbury.
Newington, CT has a cost of living index of 118, 1.1x Waterbury.
| City | Population | Cost Of Living | Vs. Waterbury |
|---|---|---|---|
| Bristol, CT | 60,733 | 110 | 1.1x |
| Naugatuck, CT | 31,586 | 111 | 1.1x |
| Newington, CT | 30,493 | 118 | 1.1x |
| North Haven, CT | 24,217 | 128 | 1.2x |
| Orange, CT | 14,225 | 139 | 1.3x |
| Kensington, CT | 9,626 | 121 | 1.2x |
| Oakville, CT | 9,507 | 115 | 1.1x |
| Terryville, CT | 5,110 | 109 | 1.0x |
