Zip 06706 (Waterbury, CT) Cost of Living


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Waterbury cost of living score
109.2
More expensive
9.2% higher
than the US average
2.3% lower
than the Connecticut average
Waterbury (zip 06706), 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 06706 (Waterbury, CT)

Housing costs in Waterbury?
A typical home costs $207,300, which is 38.7% less expensive than the national average of $338,100 and 42.8% less expensive than the average Connecticut home, at $362,100. Renting a two-bedroom unit in Waterbury costs $1,250 per month, which is 24.7% cheaper than the national average of $1,660 and 25.6% cheaper than the state average of $1,570.

Can I afford Waterbury?
To live comfortably in Waterbury (zip 06706), Connecticut, a minimum annual income of $39,600 for a family, and $41,200 for a single person is recommended.

What does A.I. say about Waterbury?
The cost of living in Waterbury, CT is relatively affordable. The overall cost of living index is 95.3, which is below the national average of 100. Housing costs are particularly reasonable for residents, with the median home value coming in at $133,400 according to Zillow. Groceries and healthcare expenses are also below the national average while transportation costs remain slightly above it. With a reasonable cost of living and strong economy, Waterbury, CT is an attractive option for those looking to relocate or start a family.
   Cost of living score
     CategoriesWaterburyConnecticutUnited States
  109.2111.8100.0
  102.2106.6100
  120.5118.6100.0
  58.7109.2100.0
  $207,300$362,100$338,100
  121.5%118.5%100.0%
  106.0112.4100.0
  122.9126.8100.0

   100=National Average

   Average Rent by Bedroom Size
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