Cost of Living in Winsted, CT

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A
3%
Overall NAT. AVG.
5%
Groceries NAT. AVG.
7%
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 Winsted Connecticut National
Cost of living103118100
Groceries105106100
Health care107111100
Housing93139100
Transportation106107100
Utilities107108100
Lifestyle & Entertainment107110100
Household Items105106100
Education & Childcare115116100
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Homes For Sale In Winsted, CT

property for sale

111 Torringford St #33

Winsted, CT
property for sale

111 Torringford St #7

Winsted, CT
property for sale

258 Perch Rock Trl

Winsted, CT
property for sale

469 Platt Hill Rd

Winsted, CT

Cost Of Living Quick Facts

  • The cost of living in Winsted is 12% lower than the Connecticut average
  • The cost of living in Winsted is 3% higher than the national average
  • Winsted housing is 7% lower 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 Winsted

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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$119,301$9,942$2,784$3,579
      Renters$40,657$3,388$949$1,220
      To approximate the cost of living and the housing affordability in Winsted, 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 Winsted have a median income of $119,301. Therefore, the amount that a consumer should spend on housing costs should be no more than $2,784 per month to avoid calamity and poverty. The renters in the city have an income of about $40,657, which would make their monthly maximum allowable rental costs $949.

      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.
      Bantam, CT6181011.0%
      Torrington, CT35,5431022.3%
      Canaan, CT1,2751044.1%
      New Hartford Center, CT1,2421077.3%
      Canton Valley, CT1,3331109.6%
      Winsted, CT6,7611032.9%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Pratt, KS6,7598515.4%
      Purcell, OK6,764909.7%
      Slave Lake, AB6,765n/a 
      Thomson, GA6,7568812.1%
      Clairton, PA6,7678217.8%
      Winsted, CT6,7611032.9%
      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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