| Index | Naugatuck | Connecticut | National |
| Cost of living | 108 | 118 | 100 |
| Groceries | 106 | 106 | 100 |
| Health care | 108 | 111 | 100 |
| Housing | 107 | 139 | 100 |
| Transportation | 106 | 107 | 100 |
| Utilities | 109 | 108 | 100 |
| Lifestyle & Entertainment | 112 | 110 | 100 |
| Household Items | 104 | 106 | 100 |
| Education & Childcare | 113 | 116 | 100 |
Getting a feel for the cost of living in Naugatuck is essential for anyone planning to relocate, as it empowers them to make informed financial decisions, secure a comfortable lifestyle and maintain financial stability in their new environment. The cost of living in Naugatuck is 108, which is 8% higher than the national average. Relocating individuals may need to adjust their savings and investment strategies based on the cost of living in the new location. It influences decisions about retirement planning, investments and financial goals.
The cost of living in Naugatuck is about average when compared to all other cities across the nation. You can expect that everyday items like food, household expenses and utility bills will be no more expensive than any other average city. Residents can anticipate living expenses that remain in line with the national average, ensuring a manageable financial burden, making it an attractive choice for those seeking affordability without the constraints of higher everyday expenditures.
Is Naugatuck affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take Naugatuck, for instance, where the median home price falls 3.2% higher than the national average, and monthly rent rates are 15.7% higher than usual. Additionally, median income levels contribute to the equation, with Naugatuck flaunting a median household income of $118,238, 45.4% higher than the national norm.
Taxes: Cities that enforce higher taxes, covering both sales taxes and income taxes, can be a factor contributing to a higher cost of living. Paying more in taxes for everyday essentials like clothing and food inevitably leads to higher expenses. A higher income tax rate can further contribute to an overall elevated cost of living. In Naugatuck, the baseline sales tax rate begins at 6.35%, and income tax rates start at 3%.
Subsidies: Some areas might offer government subsidies or assistance programs that help lower cost of living for residents. These programs can include anything from Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and crop subsidies. Areas that offer less subsidies, could see an increase in their cost of living.
Utilities: Much like any other costs, utility expenses can exhibit considerable variations, influenced by factors such as climate, available energy sources, geographic location and state regulations. The costs associated with electricity, water, heating, and waste disposal can vary significantly depending on the city or state in question. In Naugatuck, the utilities index stands at 8.9% higher than the national average.
The cost of living estimates displayed for Naugatuck are modeled using a U.S. average baseline of 100, helping provide a useful comparison of local living expenses. Housing calculations include U.S. Census home price and rental data, while all other values are AI-assisted estimates based on regional cost patterns, climate, transportation, and everyday spending expectations. These values are intended for directional comparisons across cities.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $150,414 | $12,535 | $3,509 | $4,513 |
| Renters | $57,488 | $4,791 | $1,341 | $1,725 |
| State | General Sales Tax | With Max Surtax |
| Connecticut | 6.35% | 6.35% |
| State | Income Tax (Low) | Income Tax (High) |
| Connecticut | 3% | 6.99% |
| City | Population | Cost of Living Index | National Avg. |
| Waterbury, CT | 110,817 | 102 | 2.2% |
| New Britain, CT | 74,963 | 104 | 4.4% |
| Meriden, CT | 61,712 | 107 | 6.5% |
| Terryville, CT | 5,203 | 108 | 7.8% |
| Thomaston, CT | 1,786 | 108 | 8.1% |
| Naugatuck, CT | 32,241 | 108 | 7.7% |
| City | Population | Cost of Living Index | National Avg. |
| Saratoga, CA | 32,244 | 337 | 237.1% |
| Orillia, ON | 32,222 | n/a | |
| Miami Lakes, FL | 32,218 | 136 | 36.0% |
| West Bend, WI | 32,289 | 99 | 1.2% |
| El Paso de Robles (Paso Robles), CA | 32,188 | 150 | 49.6% |
| Naugatuck, CT | 32,241 | 108 | 7.7% |
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