Cost of Living: Montgomery, AL vs Waterbury, CT (2026)

Montgomery

Alabama
64
VS

Waterbury

Connecticut
76

Montgomery is 16% cheaper than Waterbury.

$1,059/mo ↓ 10%
Median Rent
$1,180/mo ↑ 11%
$55,687/yr ↑ 8%
Median Income
$51,642/yr ↓ 7%
$148,500 ↓ 20%
Home Value
$185,400 ↑ 25%
$1,023/mo ↓ 20%
Owner Costs
$1,273/mo ↑ 24%
198,440
Population
114,356

Tax Comparison

5.0%
Income Tax
6.99%
4.0%
State Sales Tax
6.35%
0.41%
Property Tax
2.15%

Affordability

22.8%
rent-to-income
Affordability
27.4%
rent-to-income

Detailed Comparison

When comparing Montgomery, AL and Waterbury, CT, the overall cost of living indices are 64 and 76 respectively (national median = 100). Rent is $121/month cheaper in Montgomery, saving renters about $1,452/year.

Median household income is $4,045/year higher in Montgomery. Home values also differ significantly — the median in Montgomery is $148,500 compared to $185,400 in Waterbury.

Alabama has a lower income tax rate, making Montgomery slightly more tax-friendly.

Frequently Asked Questions

Montgomery vs Waterbury — common questions

Is Montgomery or Waterbury cheaper to live in?
Based on our cost index, Montgomery is cheaper to live in with an index of 64 compared to 76 (US average = 100).
What is the rent difference between Montgomery and Waterbury?
Median rent in Montgomery is $1,059/month and in Waterbury it's $1,180/month — a difference of $121/month.
Which city has higher income, Montgomery or Waterbury?
Median household income is $55,687 in Montgomery and $51,642 in Waterbury. Median household income is $4,045/year higher in Montgomery.
How do taxes compare between Alabama and Connecticut?
Alabama has 5.0% income tax, 4.0% sales tax, and 0.41% property tax. Connecticut has 6.99% income tax, 6.35% sales tax, and 2.15% property tax.
Should I move to Montgomery or Waterbury?
It depends on your priorities. Montgomery has a cost index of 64 with median rent of $1,059/mo, while Waterbury has a cost index of 76 with rent of $1,180/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Montgomery details → View Waterbury details →

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