Cost of Living in Oakville, CT

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B-
13%
Overall NAT. AVG.
6%
Groceries NAT. AVG.
18%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Oakville Connecticut National
Cost of living113118100
Groceries106106100
Health care115111100
Housing118139100
Transportation106107100
Utilities112108100
Lifestyle & Entertainment112110100
Household Items108106100
Education & Childcare121116100
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Homes For Sale In Oakville, CT

property for sale

47 J Ryan Way

Watertown, CT
property for sale

26 Sprucewood Rd

Watertown, CT
property for sale

59 J Ryan Way

Watertown, CT
property for sale

50 J Ryan Way

Watertown, CT

Cost Of Living Quick Facts

  • The cost of living in Oakville is 4% lower than the Connecticut average
  • The cost of living in Oakville is 13% higher than the national average
  • Oakville housing is 18% higher than the national average
  • Connecticut general sales tax is 24% higher than the national average
  • Connecticut state income tax is 16% higher than the national average

Most Affordable Places to Live in and Around Oakville

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
      Household index
      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$139,309$11,609$3,250$4,180
      Renters$46,976$3,915$1,096$1,409
      The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Oakville, CT, as well as what the overall cost of living might be. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payments and not more than 36 percent of income on all expenses and debts. In Oakville, homeowners have a median income of $139,309. Using that number, a maximum of $3,250 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $46,976, which means there is a maximum of $1,096 to be spent on the costs of renting a home or apartment.

      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%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Waterbury, CT110,8171022.2%
      Bantam, CT6181011.0%
      Torrington, CT35,5431022.3%
      Terryville, CT5,2031087.8%
      Naugatuck, CT32,2411087.7%
      Oakville, CT9,92811312.8%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Alexandria, KY9,927972.8%
      Key Largo, FL9,92614141.3%
      Queens, NS9,932n/a 
      St. Francis, WI9,923954.9%
      Bristol, PA9,9211000.4%
      Oakville, CT9,92811312.8%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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