Cost of Living in Waterbury, CT
Housing
The housing market plays a significant role in determining the cost of living in Waterbury, CT.
- Housing Index: 122.1 / 100
- Median Home Price is: $200,000
- Average Rent (2 BR Apartment): $2457 per month
- Average Rent (2 BR House): $2671 per month
Considering the data you've provided for Waterbury, CT, the housing index of 122.1 indicates that housing costs are relatively elevated compared to the national average. With a median home price of 200000 and average rent for a 2-bedroom apartment at 2457 and a house at 2671, potential residents might find leasing more appealing than purchasing. Also worth noting is that the demand can heavily influence these prices, so exploring neighborhood trends and the local economy may provide further insight into your decision-making process.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Waterbury, CT.
- Electricity Price: $26 USD (median by state)
- Natural Gas Price: Data is updating (median by state)
- Other Utilities (water, garbage, etc.): $257 per month
Living in Waterbury, CT could entail higher utility costs. Electricity costs sit at $26, while natural gas is priced at data unavailable per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $257 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Waterbury is a financially viable option for your relocation.