Zip 06704 (Waterbury, CT) Cost of Living

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Waterbury cost of living score
More expensive
9.2% higher
than the US average
2.3% lower
than the Connecticut average
Waterbury (zip 06704), Connecticut gets a BestPlaces Cost of Living score of 109.2, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 9.2% higher than the U.S. average and 2.3% higher than the average for Connecticut.

Zip 06704 (Waterbury, CT)

Housing costs in Waterbury?
A typical home costs $188,800, which is 44.2% less expensive than the national average of $338,100 and 47.9% less expensive than the average Connecticut home, at $362,100. Renting a two-bedroom unit in Waterbury costs $1,290 per month, which is 22.3% cheaper than the national average of $1,660 and 21.7% cheaper than the state average of $1,570.

Can I afford Waterbury?
To live comfortably in Waterbury (zip 06704), Connecticut, a minimum annual income of $36,000 for a family, and $42,400 for a single person is recommended.

What does A.I. say about Waterbury?
The cost of living in 06704 Waterbury, CT is very reasonable. The median home price is $134,700, which is well below the national average. It also has a low unemployment rate of 5%, making it an ideal place to live and work. The cost of groceries, healthcare, transportation and utilities are all lower than the national average as well. Additionally, property taxes are relatively low compared to surrounding areas. This makes it a great place for people looking for affordable housing in Connecticut.
   Cost of living score
     CategoriesWaterburyConnecticutUnited States

   100=National Average

   Average Rent by Bedroom Size