Cost of Living: Richardson, TX vs Waterbury, CT (2026)

Richardson

Texas
128
VS

Waterbury

Connecticut
76

Richardson is 68% more expensive than Waterbury.

$1,825/mo ↑ 55%
Median Rent
$1,180/mo ↓ 35%
$96,257/yr ↑ 86%
Median Income
$51,642/yr ↓ 46%
$405,600 ↑ 119%
Home Value
$185,400 ↓ 54%
$1,796/mo ↑ 41%
Owner Costs
$1,273/mo ↓ 29%
118,269
Population
114,356

Tax Comparison

0%
Income Tax
6.99%
6.25%
State Sales Tax
6.35%
1.6%
Property Tax
2.15%

Affordability

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

Detailed Comparison

When comparing Richardson, TX and Waterbury, CT, the overall cost of living indices are 128 and 76 respectively (national median = 100). Rent is $645/month cheaper in Waterbury, saving renters about $7,740/year.

Median household income is $44,615/year higher in Richardson. Home values also differ significantly — the median in Richardson is $405,600 compared to $185,400 in Waterbury.

Texas has no state income tax, giving Richardson residents a significant tax advantage over Connecticut's 6.99% rate.

Frequently Asked Questions

Richardson vs Waterbury — common questions

Is Richardson or Waterbury cheaper to live in?
Based on our cost index, Waterbury is cheaper to live in with an index of 76 compared to 128 (US average = 100).
What is the rent difference between Richardson and Waterbury?
Median rent in Richardson is $1,825/month and in Waterbury it's $1,180/month — a difference of $645/month.
Which city has higher income, Richardson or Waterbury?
Median household income is $96,257 in Richardson and $51,642 in Waterbury. Median household income is $44,615/year higher in Richardson.
How do taxes compare between Texas and Connecticut?
Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax. Connecticut has 6.99% income tax, 6.35% sales tax, and 2.15% property tax.
Should I move to Richardson or Waterbury?
It depends on your priorities. Richardson has a cost index of 128 with median rent of $1,825/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 Richardson details → View Waterbury details →

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