Naugatuck, Connecticut Cost Of Living

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Overall 14%

Goods & Services 25%

Housing 2%

Date & Last Updated: This data reflects 2019 and was released from C2ER in January, 2020; this is the most current data available.

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Naugatuck	Connecticut	National
Cost of living	114	124	100
Goods & Services	125	123	100
Groceries	109	108	100
Health care	113	112	100
Housing	98	137	100
Transportation	110	114	100
Utilities	142	129	100

Key findings

The cost of living in Naugatuck is 8% lower than the Connecticut average
The cost of living in Naugatuck is 14% higher than the national average
Naugatuck housing is 2% lower than the national average
Connecticut general sales tax is 25% higher than the national average
Connecticut state income tax is 22% higher than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$82,441	$6,870	$1,923	$2,473
Renters	$36,671	$3,056	$856	$1,100

The affordability of the housing market in Naugatuck, CT as well as the overall cost of living can be predicted by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Naugatuck homeowners, the median income is $82,441. This indicates that a monthly maximum of $1,923 should be spent by homeowners on all housing related costs. Renters have a median income of $36,671. This indicates that renters would have a maximum of $856 for their rent related monthly costs.

Connecticut Sales Tax

State	General Sales Tax	With Max Surtax
Connecticut	6.35%	6.35%

Connecticut Income Tax

State	Income Tax (Low)	Income Tax (High)
Connecticut	3%	6.99%

Goods & Services

Item	Naugatuck	National avg.	Difference
Haircut	$27.40	$17.49	56.7%
Beauty Salon	$53.80	$38.17	40.9%
Toothpaste	$1.75	$2.32	24.6%
Shampoo	$0.97	$1.01	4.1%
Movie	$12.70	$10.72	18.4%
Bowling	$19.20	$13.86	38.5%

Groceries

Item	Naugatuck	National avg.	Difference
Ground Beef	$3.99	$3.90	2.3%
Fried Chicken	$1.68	$1.40	20.4%
Milk	$2.51	$1.96	27.9%
Potatoes	$3.99	$3.18	25.4%
Pizza	$9.39	$10.39	9.7%
Beer	$9.99	$9.23	8.2%

Health Care

Item	Naugatuck	National avg.	Difference
Optometrist	$114.60	$106.34	7.8%
Doctor	$131.60	$115.25	14.2%
Dentist	$116.80	$98.38	18.7%
Ibuprofen	$9.09	$9.26	1.8%
Lipitor	$521.84	$466.47	11.9%

Housing

Item	Naugatuck	National avg.	Difference
Home Price	$178,800.00	$184,700.00	3.2%
Avg. Mortgage Payment	$1,408.65	$1,273.32	10.6%
Apartment Rent	$954.00	$949.00	0.5%

Transportation

Item	Naugatuck	National avg.	Difference
Gasoline	$2.84	$2.59	9.6%
Tire Balancing	$55.94	$48.90	14.4%

Utilities

Item	Naugatuck	National avg.	Difference
All Electricity	$299.32	$167.60	78.6%
Phone	$174.02	$163.42	6.5%

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, State	Population	Cost of Living Index	National Avg.
Waterbury, CT	109,211	108	8%
New Britain, CT	72,876	108	8%
Meriden, CT	60,203	110	10%
Thomaston, CT	1,803	110	10%
Bristol, CT	60,437	111	11%
Naugatuck, CT	31,625	114	14%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Bowling Green, OH	31,641	94	-6%
Franklin Square, NY	31,601	155	55%
Midvale, UT	31,659	102	2%
West Bend, WI	31,661	96	-4%
Buenaventura Lakes, FL	31,588	91	-9%
Naugatuck, CT	31,625	114	14%

Source: The Naugatuck, CT cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.

Naugatuck, CT Cost of Living

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