Connecticut · Population 114,356 · Updated March 2026
How far your income goes in Waterbury
State-level tax rates that affect your costs
Waterbury is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 76 (where 100 equals the national median), Waterbury residents can expect to pay median rent of $1,180/month while earning a median household income of $51,642/year.
The median home value in Waterbury, CT is $185,400, with typical monthly owner costs around $1,273 including mortgage, insurance, and taxes. With a rent-to-income ratio of 27.4%, Waterbury 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 Waterbury.
Common questions about living costs in Waterbury
Similar-sized cities to compare
Compare the cost of living in Waterbury, CT with 299 other major U.S. cities