Torrington cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexTorringtonConnecticutNational
Cost of living index112128100
IndexTorringtonConnecticutNational
Goods & Services index120121100
Groceries index120128100
Health care index119117100
Housing index97144100
Transportation index122114100
Utilities index112116100
A general overview of the cost of living index for Torrington, CT is displayed above. In Torrington, CT, the overall cost of living index is 112, which is 12% lower than the Connecticut average and 12% higher than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Torrington, CT, the city's goods and services are 1% lower than the Connecticut average and 20% higher than the U.S. average.

Did you know?

  • The cost of living in Torrington is 12% lower than the Connecticut average.
  • The cost of living in Torrington is 12% higher than the national average.
  • The cost of housing in Torrington is 3% lower than the national average.
  • Connecticut general sales tax is 25% higher than the national average.
  • Connecticut state income tax is 35% higher than the national average.

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Compare Torrington, CT Cost of living To Other Cities

Salary Calculator

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The salary calculator is meant to help you compare your salary in Torrington, CT to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Torrington, CT, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Torrington, CT salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$69,530$5,794$1,622$2,086
Renters$32,097$2,675$749$963
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Torrington, CT as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Torrington, CT homeowners, is $69,530. This would allow for a maximum of $1,622 per month to be spent on housing costs. For renters, the median monthly income is $32,097 which would result in a maximum of $749 to be spent on rental costs.

Connecticut Sales Tax

StateGeneral Sales TaxWith Max Surtax
Connecticut6.35%6.35%

Connecticut Income Tax

StateIncome Tax (Low)Income Tax (High)
Connecticut3%6.7%
The Connecticut sales tax and Connecticut income tax rates should definitely be considered when determining the overall cost of living in Torrington, CT. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Connecticut sales tax is 6.35% and the maximum surtax is 6.35%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Connecticut income tax rates range from 3% to 6.7%.

Goods & Services

ItemTorringtonNational avg.Difference
Haircut $19.50$15.5625.3%
Beauty Salon $49.55$36.1137.2%
Toothpaste $3.49$2.4741.2%
Shampoo $1.12$0.9616.4%
Movie $9.95$10.131.8%
Bowling $7.17$4.7451.4%

Groceries

ItemTorringtonNational avg.Difference
Ground Beef $6.26$3.9857.0%
Fried Chicken $1.67$1.4118.9%
Milk $2.51$2.0621.5%
Potatoes $4.16$2.9839.6%
Pizza $10.00$9.475.6%
Beer $9.82$8.7911.7%

Health Care

ItemTorringtonNational avg.Difference
Optometrist $119.91$101.0418.7%
Doctor $124.96$107.4416.3%
Dentist $124.36$90.4237.5%
Ibuprofen $11.99$9.2829.2%
Lipitor $356.99$426.5016.3%

Housing

ItemTorringtonNational avg.Difference
Home Price $172,800.00$175,700.001.7%
Avg. Mortgage Payment $1,486.15$1,133.2331.1%
Apartment Rent $865.00$920.006.0%

Transportation

ItemTorringtonNational avg.Difference
Gasoline $2.39$1.9919.7%
Tire Balancing $58.58$45.7628.0%

Utilities

ItemTorringtonNational avg.Difference
All Electricity$212.66$163.8129.8%
Phone $24.95$28.3912.1%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Winsted, CT7,87611212%
New Hartford Center, CT1,50911515%
Terryville, CT5,12111616%
Oakville, CT9,11811616%
Bristol, CT60,55611616%
Torrington, CT35,77411212%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Lufkin, TX35,75487-13%
Phenix City, AL35,75388-12%
Marion, IA35,80995-5%
Leavenworth, KS35,73890-10%
Menomonee Falls, WI35,8281066%
Torrington, CT35,77411212%
Source: The Torrington, CT cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.