Cost of Living: Springfield, MO vs Waterbury, CT (2026)

Springfield

Missouri
60
VS

Waterbury

Connecticut
76

Springfield is 21% cheaper than Waterbury.

$920/mo ↓ 22%
Median Rent
$1,180/mo ↑ 28%
$45,984/yr ↓ 11%
Median Income
$51,642/yr ↑ 12%
$165,200 ↓ 11%
Home Value
$185,400 ↑ 12%
$908/mo ↓ 29%
Owner Costs
$1,273/mo ↑ 40%
169,432
Population
114,356

Tax Comparison

4.95%
Income Tax
6.99%
4.225%
State Sales Tax
6.35%
0.93%
Property Tax
2.15%

Affordability

24.0%
rent-to-income
Affordability
27.4%
rent-to-income

Detailed Comparison

When comparing Springfield, MO and Waterbury, CT, the overall cost of living indices are 60 and 76 respectively (national median = 100). Rent is $260/month cheaper in Springfield, saving renters about $3,120/year.

Median household income is $5,658/year higher in Waterbury. Home values also differ significantly — the median in Springfield is $165,200 compared to $185,400 in Waterbury.

Missouri has a lower income tax rate, making Springfield slightly more tax-friendly.

Frequently Asked Questions

Springfield vs Waterbury — common questions

Is Springfield or Waterbury cheaper to live in?
Based on our cost index, Springfield is cheaper to live in with an index of 60 compared to 76 (US average = 100).
What is the rent difference between Springfield and Waterbury?
Median rent in Springfield is $920/month and in Waterbury it's $1,180/month — a difference of $260/month.
Which city has higher income, Springfield or Waterbury?
Median household income is $45,984 in Springfield and $51,642 in Waterbury. Median household income is $5,658/year higher in Waterbury.
How do taxes compare between Missouri and Connecticut?
Missouri has 4.95% income tax, 4.225% sales tax, and 0.93% property tax. Connecticut has 6.99% income tax, 6.35% sales tax, and 2.15% property tax.
Should I move to Springfield or Waterbury?
It depends on your priorities. Springfield has a cost index of 60 with median rent of $920/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 Springfield details → View Waterbury details →

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