Housing costs in Torrington?
A typical home costs
$221,100, which is 34.6% less expensive than the national average of
$338,100 and 38.9% less expensive than the average Connecticut home, at
$362,100. Renting a two-bedroom unit in Torrington costs
$1,080 per month, which is 24.5% cheaper than the national average of
$1,430 and 53.7% cheaper than the state average of
$1,660.
Can I afford Torrington?
To live comfortably in Torrington, Connecticut, a minimum annual income of
$42,480 for a family, and
$33,600 for a single person is recommended.
What does A.I. say about Torrington?
The cost of living in Torrington, CT is quite reasonable compared to other cities in the region. The median income for households in Torrington is around $64,000 which is well above the national average. The unemployment rate is below the national average at 4.3%, making it an attractive destination for job seekers. Housing expenses are also relatively low and there are a variety of housing options available throughout the city. With its affordable cost of living and numerous amenities, Torrington is a great place to live and work.