New Britain, CT Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In New Britain, CT Summary

Cost of living in New Britain research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means New Britain is expensive. An index value below 100 means the city is a relatively cheap place to live.

On a city-by-city basis in Connecticut, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:

  • The cost of living index in New Britain is 108, with 100 being the average.

  • The cost of living index in New Britain is 1.1x higher than the national average.

  • New Britain ranks as the #6 cheapest in Connecticut out of 55.

  • New Britain ranks as the #3,954 cheapest out of 6,412 in the US.

  • The median home value in New Britain is $166,100.

  • The median income in New Britain is $50,379.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
108
New Britain's Overall Cost Of Living
1.1x
Higher Than The National Average

What is the cost of living in New Britain, CT?

According to the most recent data on the cost of living, New Britain has an overall cost of living index of 108, which is 1.1x higher than the national index of 100.

Compared to Connecticut, New Britain has a cost of living index that's 0.9x lower than Connecticut's index of 114.

The standard of living in New Britain ranks as #6 most affordable out of the 55 places we measured in Connecticut. By definition, that implies New Britain ranks as the #49 most expensive place in the Constitution State.

For more reading on life in New Britain, check out:

6 out of 55
In Connecticut
3,954 out of 6,412
In America

New Britain Cost Of Living Vs. Connecticut

Six factors go into calculating the cost of living index in New Britain. Here is how it fairs on each of the criteria:

  • The Services index in New Britain is 120.

  • The Groceries index in New Britain is 107.

  • The Health index in New Britain is 109.

  • The Housing index in New Britain is 90.

  • The Transportation index in New Britain is 111.

  • The Utilities index in New Britain is 124.

Living Expense New Britain Connecticut National Average
Overall 108 114 100
Services 120 113 100
Groceries 107 101 100
Health 109 107 100
Housing 90 123 100
Transportation 111 104 100
Utilities 124 127 100
For more reading on cost of living around Connecticut, check out:
New Britain Cost of Living Vs. CT

New Britain, CT Housing Cost Breakdown

Housing swings affordability the most between places in Connecticut, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:

  • The Median Home Value in New Britain is $166,100.

  • The Median Rent in New Britain is $1,051.

  • The Median Income in New Britain is $50,379.

  • The Home Value To Income in New Britain is 3.3x.

  • The Rent To Monthly Income in New Britain is 0.25x.

Statistic New Britain Connecticut United States
Median Home Value $166,100 $286,700 $244,900
Median Rent $1,051 $1,260 $1,163
Median Income $50,379 $83,572 $69,021
Home Value To Income 3.3x 3.4x 3.5x
Rent To Monthly Income 0.25x 0.18x 0.2x
Search Homes For Sale In New Britain, CT
$166,100
Median Home Value
$1,051
Median Rent
$50,379
Median Income

New Britain, CT Costs By Category

Detailed New Britain Services Costs Vs. Connecticut

Item New Britain Connecticut
Shampoo $0.95 $1.06
Movie $12.64 $10.68
Bowling $18.88 $14.67
Haircut $30.29 $18.62
Beauty Salon $49.75 $39.05

Detailed New Britain Groceries Costs Vs. Connecticut

Item New Britain Connecticut
Ground Beef $4.34 $4.22
Fried Chicken $1.41 $1.39
Milk $2.39 $2.05
Potatoes $3.92 $3.29
Pizza $9.81 $10.62
Beer $11.01 $9.38
Toothpaste $2.06 $2.34

Detailed New Britain Health Costs Vs. Connecticut

Item New Britain Connecticut
Optometrist $154.87 $108.57
Doctor $115.5 $116.17
Dentist $104.4 $99.13

Detailed New Britain Transportation Costs Vs. Connecticut

Item New Britain Connecticut
Gasoline $2.31 $2.22
Tire Balancing $58.77 $50.07

Detailed New Britain Utilities Costs Vs. Connecticut

Item New Britain Connecticut
All Electricity $240.4 $167.67
Phone $178.6 $175.64

New Britain SnackAbility

6
/10
Overall SnackAbility
Jobs
5/10
Housing
8
Affordability
5
Diversity
9.5
Safety
5
Amenities
10
Education
5
Commute
8.5

Cost Of Living In Cities Around New Britain

The cost of living varies in the cities and towns around New Britain. Here's a quick look at the cost of living in the most populous nearby places:

  • Hartford, CT has a cost of living index of 107, 1.0x New Britain.

  • West Hartford, CT has a cost of living index of 129, 1.2x New Britain.

  • Meriden, CT has a cost of living index of 109, 1.0x New Britain.

City Population Cost Of Living Vs. New Britain
Hartford, CT 121,562 107 1.0x
West Hartford, CT 64,034 129 1.2x
Meriden, CT 60,790 109 1.0x
Bristol, CT 60,733 110 1.0x
East Hartford, CT 50,971 110 1.0x
Newington, CT 30,493 118 1.1x
Wethersfield, CT 27,162 119 1.1x
Windsor Locks, CT 12,559 115 1.1x
Kensington, CT 9,626 121 1.1x
Oakville, CT 9,507 115 1.1x

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