Torrington, CT

Below Avg · 75

Connecticut · Population 35,481 · Updated March 2026

$1,101
Median Rent / Month
$69,611
Median Income
$195,800
Median Home Value
$1,249
Owner Costs / Month

Affordability

How far your income goes in Torrington

19.0%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

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

$13,212
Annual Rent
$4,866
State Income Tax
$4,210
Property Tax (est.)

Cost of Living Overview

Torrington is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 75 (where 100 equals the national median), Torrington residents can expect to pay median rent of $1,101/month while earning a median household income of $69,611/year.

The median home value in Torrington, CT is $195,800, with typical monthly owner costs around $1,249 including mortgage, insurance, and taxes. The median rent-to-income ratio of 19.0% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

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 Torrington.

Frequently Asked Questions

Common questions about living costs in Torrington

What is the cost of living in Torrington, CT?
The cost of living index in Torrington, CT is 75 (US average = 100). Median monthly rent is $1,101, median household income is $69,611/year, and the median home value is $195,800.
Is Torrington, CT affordable?
Yes, Torrington is more affordable than the national average with a cost index of 75. The rent-to-income ratio is 19.0%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Torrington, CT?
The median gross rent in Torrington, CT is $1,101 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $13,212.
What is the median household income in Torrington?
The median household income in Torrington, CT is $69,611 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%.