D+
Overall 4%
Goods & Services 16%
Housing 22%
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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.
IndexWaterburyConnecticutNational
Cost of living104122100
Goods & Services116118100
Groceries105107100
Health care109111100
Housing78137100
Transportation109111100
Utilities135133100

Key findings

  • The cost of living in Waterbury is 15% lower than the Connecticut average
  • The cost of living in Waterbury is 4% higher than the national average
  • Waterbury housing is 22% 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 Waterbury, CT Cost of Living

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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
      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$62,721$5,227$1,463$1,882
      Renters$24,645$2,054$575$739
      A good way to judge both the affordability of the housing and the cost of living in Waterbury is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Waterbury has a median income of about $62,721 for people who own homes. Based on that number, a maximum of $1,463 should be spent on expenses related to housing. Renters have a slightly different median income, which is $24,645. Based on this average, renters should spend no more than $575 on all rental costs if they want to maintain a non-impoverished standard of living.

      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

      ItemWaterburyNational avg.Difference
      Haircut $27.03$20.2733.4%
      Beauty Salon $49.78$40.3923.2%
      Toothpaste $2.45$2.363.7%
      Shampoo $0.95$1.0811.4%
      Movie $12.98$10.9918.2%
      Bowling $16.02$15.493.4%

      Groceries

      ItemWaterburyNational avg.Difference
      Ground Beef $4.71$4.309.7%
      Fried Chicken $1.41$1.400.8%
      Milk $2.85$2.2029.5%
      Potatoes $3.81$3.2218.5%
      Pizza $9.71$10.749.6%
      Beer $10.37$9.608.0%

      Health Care

      ItemWaterburyNational avg.Difference
      Optometrist $115.00$109.734.8%
      Doctor $130.40$118.3410.2%
      Dentist $110.50$100.949.5%
      Ibuprofen $9.55$9.933.8%
      Lipitor $548.84$469.5316.9%

      Housing

      ItemWaterburyNational avg.Difference
      Home Price $129,500.00$184,700.0029.9%
      Avg. Mortgage Payment $1,292.20$1,229.625.1%
      Apartment Rent $912.00$949.003.9%

      Transportation

      ItemWaterburyNational avg.Difference
      Gasoline $2.92$2.717.7%
      Tire Balancing $57.00$51.869.9%

      Utilities

      ItemWaterburyNational avg.Difference
      All Electricity$281.29$170.8464.7%
      Phone $182.20$187.182.7%
      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

      CityPopulationCost of Living IndexNational Avg.
      New Britain, CT72,8761055.3%
      Meriden, CT60,2031087.6%
      Thomaston, CT1,8031088.0%
      Naugatuck, CT31,62511010.2%
      Bristol, CT60,4371099.0%
      Waterbury, CT109,2111044.1%

      Cities with similar population

      CityPopulationCost of Living IndexNational Avg.
      Billings, MT109,0891010.6%
      San Buenaventura (Ventura), CA109,06714646.3%
      High Point, NC108,9828811.6%
      Temecula, CA108,96513333.3%
      St. John's, NL109,566n/a 
      Waterbury, CT109,2111044.1%
      Source: This data reflects 2021 and was released from C2ER in January, 2022; this is the most current data available.