| Index | New Britain | Connecticut | National |
| Cost of living | 104 | 118 | 100 |
| Groceries | 105 | 106 | 100 |
| Health care | 113 | 111 | 100 |
| Housing | 93 | 139 | 100 |
| Transportation | 108 | 107 | 100 |
| Utilities | 108 | 108 | 100 |
| Lifestyle & Entertainment | 107 | 110 | 100 |
| Household Items | 106 | 106 | 100 |
| Education & Childcare | 119 | 116 | 100 |
Are you thinking about relocating, but curious about the potential cost of living in New Britain? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in New Britain stands at 104, making it 4% higher than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.
The cost of living in New Britain 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.
The real experts on a city are its residents. That's why we reached out to 14 locals to get their views on the cost of living in New Britain. We surveyed the residents and asked them if they felt like prices were affordable or out of reach. The results were as follows. 64% found it budget-friendly with decreasing prices, while 36% said it's simply not affordable as prices have continued to rise.
Wondering if New Britain is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In New Britain, for example, the median home price is 12.7% lower than what folks pay nationally, and monthly rent is 7.7% higher than the usual rates. Plus, income levels matter too, with New Britain boasting a median household income of $70,271, which is 13.6% lower than the national average.
Taxes: Locations with elevated tax rates, encompassing both sales and income taxes, can be a factor in driving up the cost of living. When you're paying more in taxes for everyday household expenses, it naturally translates into higher expenses. Similarly, a higher income tax rate can also contribute to an overall higher cost of living. In New Britain, the standard sales tax rate starts at 6.35%, and the income tax rates commence at 3%.
Groceries: Over the past 2-3 years, grocery expenses have experienced substantial upward trends. In certain markets, food prices have surged by over 20% during this period, while others have witnessed more modest increases. These fluctuations in food costs can wield significant influence over the overall cost of living in a given region. In New Britain, the groceries index is 5.3% higher than the national average.
Utilities: Like everything else, utilities costs can range significantly depending on factors like climate, energy sources available, location and even state regulations. Things like electricity, water, heating and waste disposal costs can be higher or lower, depending on the city or state. The utilities index in New Britain comes in at 8.3% higher than the national average.
The New Britain cost of living data above is designed around a U.S. average baseline of 100, allowing for easy comparisons of relative living costs. Housing incorporates U.S. Census home price and rental data, while all other figures are AI-assisted estimates that account for regional price trends, climate, transportation dynamics, and common everyday expenses. These values are best used as directional city-to-city comparisons.
| 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 | $114,949 | $9,579 | $2,682 | $3,449 |
| Renters | $50,487 | $4,207 | $1,178 | $1,515 |
| 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% |
| Blue Hills, CT | 2,652 | 104 | 3.6% |
| Hartford, CT | 125,397 | 106 | 5.6% |
| East Hartford, CT | 51,352 | 105 | 5.2% |
| Meriden, CT | 61,712 | 107 | 6.5% |
| New Britain, CT | 74,963 | 104 | 4.4% |
| City | Population | Cost of Living Index | National Avg. |
| Albany, GA | 74,905 | 88 | 12.2% |
| Dale City, VA | 74,814 | 126 | 26.2% |
| Lafayette, IN | 75,191 | 89 | 11.4% |
| Apple Valley, CA | 75,217 | 123 | 22.8% |
| Framingham, MA | 74,706 | 145 | 44.5% |
| New Britain, CT | 74,963 | 104 | 4.4% |
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