| Index | Torrington | Connecticut | National |
| Cost of living | 102 | 118 | 100 |
| Groceries | 105 | 106 | 100 |
| Health care | 107 | 111 | 100 |
| Housing | 91 | 139 | 100 |
| Transportation | 106 | 107 | 100 |
| Utilities | 107 | 108 | 100 |
| Lifestyle & Entertainment | 107 | 110 | 100 |
| Household Items | 105 | 106 | 100 |
| Education & Childcare | 115 | 116 | 100 |
The cost of living in Torrington affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in Torrington is 102, which is 2% higher than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.
Everyday expenditures like food, housing, lifestyle expenses, transportation and health care in Torrington are priced in a manner consistent with other areas. This means that residents of Torrington can anticipate their daily expenses remaining reasonably similar to those in an average city, thereby supporting a manageable cost of living.
When it comes to knowing a city, its residents are the experts. We conducted a survey with 5 locals to understand their opinions on the cost of living in Torrington. The results indicated that 40% found it reasonably priced with decreasing prices of goods and services, while 60% viewed it as quite expensive, with increasing prices.
Wondering if Torrington 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 Torrington, for example, the median home price is 13% lower than what folks pay nationally, and monthly rent is 0.4% lower than the usual rates. Plus, income levels matter too, with Torrington boasting a median household income of $90,618, which is 11.4% higher than the national average.
Groceries: Grocery costs have continued to increase significantly over the last 2-3 years. In some markets the cost of food has gone up by more than 20% in that period. While other markets have managed to see only a moderate uptick. These food costs can have a major impact on the cost of living in any area. In Torrington, the groceries index is 5.1% higher than the national average.
Healthcare: Healthcare costs and insurance premiums can undergo substantial fluctuations based on the city or state of residence. Elements such as the availability of healthcare facilities, out-of-pocket costs for medical consultations, dental expenses, prescription medication charges and specialized medical care fees all contribute to variations in the cost of living. In Torrington, healthcare costs are 7.2% higher than the national average.
Transportation: If public transportation is limited or not available, residents may need to own and maintain vehicles, which can add to the cost of living. Gas, insurance, regular maintenance and potentially lease or finance payments will all need to be paid on a monthly basis. In Torrington, the transportation index is 6.1% higher than the national average.
The cost of living data for Torrington shown above is based on a U.S. average baseline score of 100, making it easier to compare how far your dollar may go from one city to another. Housing uses U.S. Census home price and rental data, while all remaining values are AI-assisted estimates informed by regional pricing, climate, transportation dynamics, and local economic factors. These scores are best used for directional comparisons between cities.
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| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $112,077 | $9,340 | $2,615 | $3,363 |
| Renters | $56,324 | $4,694 | $1,314 | $1,690 |
| 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. |
| Bantam, CT | 618 | 101 | 1.0% |
| Winsted, CT | 6,761 | 103 | 2.9% |
| Canaan, CT | 1,275 | 104 | 4.1% |
| Terryville, CT | 5,203 | 108 | 7.8% |
| Thomaston, CT | 1,786 | 108 | 8.1% |
| Torrington, CT | 35,543 | 102 | 2.3% |
| City | Population | Cost of Living Index | National Avg. |
| Plainfield, IN | 35,538 | 99 | 1.3% |
| Norristown, PA | 35,552 | 99 | 1.2% |
| Leawood, KS | 35,495 | 136 | 36.2% |
| Boardman, OH | 35,595 | 85 | 15.3% |
| Butte-Silver Bow, MT | 35,459 | 96 | 3.6% |
| Torrington, CT | 35,543 | 102 | 2.3% |
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