D-
Overall 8%
Goods & Services 21%
Housing 11%
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.
IndexNew BritainConnecticutNational
Cost of living108124100
Goods & Services121123100
Groceries107108100
Health care106112100
Housing89137100
Transportation108114100
Utilities122129100

Key findings

  • The cost of living in New Britain is 13% lower than the Connecticut average
  • The cost of living in New Britain is 8% higher than the national average
  • New Britain housing is 11% 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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Compare New Britain, CT Cost of Living

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      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 IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$64,906$5,409$1,514$1,947
      Renters$29,912$2,493$698$897
      To approximate the cost of living and the housing affordability in New Britain, CT, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in New Britain have a median income of $64,906. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,514 per month to avoid calamity and poverty. The renters in the city have an income of about $29,912, which would make their monthly maximum allowable rental costs $698.

      Connecticut Sales Tax

      StateGeneral Sales TaxWith Max Surtax
      Connecticut6.35%6.35%

      Connecticut Income Tax

      StateIncome Tax (Low)Income Tax (High)
      Connecticut3%6.99%

      Goods & Services

      ItemNew BritainNational avg.Difference
      Haircut $28.20$17.4961.2%
      Beauty Salon $47.40$38.1724.2%
      Toothpaste $1.75$2.3224.6%
      Shampoo $0.99$1.012.2%
      Movie $11.60$10.728.2%
      Bowling $19.00$13.8637.1%

      Groceries

      ItemNew BritainNational avg.Difference
      Ground Beef $3.45$3.9011.5%
      Fried Chicken $1.67$1.4019.7%
      Milk $1.97$1.960.4%
      Potatoes $3.51$3.1810.3%
      Pizza $9.79$10.395.8%
      Beer $10.19$9.2310.4%

      Health Care

      ItemNew BritainNational avg.Difference
      Optometrist $156.20$106.3446.9%
      Doctor $115.00$115.250.2%
      Dentist $105.80$98.387.5%
      Ibuprofen $8.89$9.264.0%
      Lipitor $477.60$466.472.4%

      Housing

      ItemNew BritainNational avg.Difference
      Home Price $157,300.00$184,700.0014.8%
      Avg. Mortgage Payment $1,431.64$1,273.3212.4%
      Apartment Rent $925.00$949.002.5%

      Transportation

      ItemNew BritainNational avg.Difference
      Gasoline $2.66$2.592.5%
      Tire Balancing $58.32$48.9019.3%

      Utilities

      ItemNew BritainNational avg.Difference
      All Electricity$238.43$167.6042.3%
      Phone $174.02$163.426.5%
      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, StatePopulationCost of Living IndexNational Avg.
      Waterbury, CT109,2111088%
      Blue Hills, CT3,1811077%
      Hartford, CT124,3201088%
      East Hartford, CT50,8341099%
      Meriden, CT60,20311010%
      New Britain, CT72,8761088%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Rochester Hills, MI72,98711010%
      Boynton Beach, FL72,7481011%
      Atascocita, TX72,7131011%
      Southfield, MI73,05593-7%
      Centreville, VA73,08413939%
      New Britain, CT72,8761088%
      Source: The New Britain, CT cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.