New Britain, CT

Below Avg · 79

Connecticut · Population 73,301 · Updated March 2026

$1,187
Median Rent / Month
$57,036
Median Income
$207,300
Median Home Value
$1,280
Owner Costs / Month

Affordability

How far your income goes in New Britain

25.0%
Rent-to-Income Ratio
Moderate
Rent takes 25-35% of median income — moderate affordability.

Tax Burden in Connecticut

State-level tax rates that affect your costs

6.99%
Income Tax (Top Rate)
6.35%
Sales Tax
2.15%
Property Tax Rate

Estimated Annual Costs

$14,244
Annual Rent
$3,987
State Income Tax
$4,457
Property Tax (est.)

Cost of Living Overview

New Britain is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 79 (where 100 equals the national median), New Britain residents can expect to pay median rent of $1,187/month while earning a median household income of $57,036/year.

The median home value in New Britain, CT is $207,300, with typical monthly owner costs around $1,280 including mortgage, insurance, and taxes. With a rent-to-income ratio of 25.0%, New Britain falls within the generally affordable range, though it's approaching the 30% burden threshold.

Connecticut has a moderate income tax rate of 6.99%. Combined with a 6.35% sales tax rate and 2.15% effective property tax rate, the overall tax environment is a factor in the total cost of living in New Britain.

Frequently Asked Questions

Common questions about living costs in New Britain

What is the cost of living in New Britain, CT?
The cost of living index in New Britain, CT is 79 (US average = 100). Median monthly rent is $1,187, median household income is $57,036/year, and the median home value is $207,300.
Is New Britain, CT affordable?
Yes, New Britain is more affordable than the national average with a cost index of 79. The rent-to-income ratio is 25.0%—below the 30%% threshold considered affordable by HUD.
What is the average rent in New Britain, CT?
The median gross rent in New Britain, CT is $1,187 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $14,244.
What is the median household income in New Britain?
The median household income in New Britain, CT is $57,036 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Connecticut?
Connecticut has a top income tax rate of 6.99%, a sales tax of 6.35%, and an effective property tax rate of 2.15%.