A wise sage once said:
“She works hard for the money…”
And these places in Connecticut definitely treat her right.
You see, these are the cities and places in Connecticut where the cost of living is the lowest; where your salary goes the furthest. And when if you have the luxury of choosing where to live in the Constitution State, then the cost of living should play a role in the decision.
So we did the hard for you and crunched the numbers to find the cities that have lower food, energy, and housing costs. After the dust settled on our analysis of the 21 largest places in Connecticut, we were left with this set of the best value for your money.
So where is the cheapest place to live in Connecticut? That would be Torrington.
So listen up Stamford (the most expensive place in Connecticut) as we explain how we created this ranking. You could learn some things from the rest of the state.
And if you already knew these places were cheap, check out some more reading about Connecticut and the cheapest places in the country:
The 10 Cheapest Places To Live In Connecticut For 2019
Torrington is the largest city in Litchfield County, Connecticut and the Litchfield Hills region. It is also the core city of the largest micropolitan area in the United States. The city population was 36,383 according to the 2010 census.
The median income in Torrington comes in at $61,313 and the median home value is $160,200 for 2019.
Naugatuck is a consolidated borough and town in New Haven County, Connecticut, United States. The town spans both sides of the Naugatuck River just south of Waterbury, and includes the communities of Union City on the east side of the river, which has its own post office, Straitsville on the southeast, and Millville on the west. As of the 2010 census, Naugatuck had a population of 31,862.
The median income in Naugatuck comes in at $63,452 and the median home value is $179,900 for 2019.
Meriden is a city in New Haven County, Connecticut, United States, located halfway between the regional cities of New Haven and Hartford. In 2010, the population of the city was 60,868.
The median income in Meriden comes in at $57,350 and the median home value is $173,100 for 2019.
The median income in Bristol comes in at $64,586 and the median home value is $190,500 for 2019.
Norwich, known as ‘The Rose of New England’, is a city in New London County, Connecticut, United States. The population was 40,493 at the 2010 United States Census. Three rivers, the Yantic, the Shetucket, and the Quinebaug, flow into the city and form its harbor, from which the Thames River flows south to Long Island Sound.
The median income in Norwich comes in at $53,682 and the median home value is $168,200 for 2019.
Waterbury is a city in the U.S. state of Connecticut on the Naugatuck River, 33 miles southwest of Hartford and 77 miles northeast of New York City. Waterbury is in New Haven County, Connecticut. As of the 2010 census, Waterbury had a population of 110,366, making it the 10th largest city in the New York Metropolitan Area, 9th largest city in New England and the 5th largest city in Connecticut.
The median income in Waterbury comes in at $40,879 and the median home value is $128,600 for 2019.
New Britain is a city in Hartford County, Connecticut, United States. It is located approximately 9 miles southwest of Hartford. According to 2010 Census, the population of the city is 73,206.
The median income in New Britain comes in at $43,611 and the median home value is $156,800 for 2019.
Groton is a town located on the Thames River in New London County, Connecticut, United States. The population was 40,115 at the 2010 census.
The median income in Groton comes in at $55,567 and the median home value is $197,600 for 2019.
Derby is a city in New Haven County, Connecticut, United States. The population was 12,903 at the 2010 census. It is the smallest consolidated city of Connecticut by area and population.
The median income in Derby comes in at $57,432 and the median home value is $194,600 for 2019.
Middletown is a city located in Middlesex County, Connecticut, along the Connecticut River, in the central part of the state, 16 miles south of Hartford. In 1650, it was incorporated as a town under its original Indian name, Mattabeseck. It received its present name in 1653. Middletown was included within Hartford County upon its creation on May 10, 1666. In 1784, the central settlement was incorporated as a city distinct from the town. Both were included within newly formed Middlesex County in May 1785. In 1923, the City of Middletown was consolidated with the Town, making the city limits of the city quite extensive.
The median income in Middletown comes in at $63,914 and the median home value is $228,500 for 2019.
How We Determined The Most Affordable Places To Live In The Constitution State For 2019
The two most important things to think about when it comes to being able to afford if you can live comes down to:
- How much do money do I make?
- How much do I have spend to live there?
You need to understand your costs in the context of how much money you make.
For example, if the median household earns $100,000 and spends $40,000 on housing it’s actually cheaper to live there than a place with a median income of $50,000 and housing costs of $21,000. You might spend more on housing, but you have more money overall to play with.
With that example in mind, we derived several statistics from the latest Census American Community Survey 2013-2017 around incomes and costs. They are:
- Median Home Price / Median Income (lower is better)
- Median Income / Median Rent (Higher is better)
- Median Home Price
We added simply median home price because high home prices generally correlate with higher expenses for all costs related to homes (heating, electricity, etc).
You can then compare these metrics in each of the places in Connecticut to figure out which is the least expensive.
What you are left with is a “Cost of Living Index” by taking the average rank of each of these metrics for each city.
So we used that cost of living index in order to rank all of the 21 places in Connecticut that have more than 9,000 people.
The place with the lowest cost of living in Connecticut according to the data is Torrington.
There You Have It Mr. Or Mrs. Connecticut Cheapskate
If you’re looking at the cost of living numbers in Connecticut, this is an accurate list of the most affordable places to live in connecticut for 2019.
Here’s a look at the most expensive cities in Connecticut according to the data:
- New Haven
For more Connecticut reading, check out: