Cheapest Places To Live In Connecticut For 2020


We used data and science to determine which places in Connecticut go easy on your wallet.

Editor’s Note: We updated this article for 2020. This is our sixth time ranking the cheapest places to live in Connecticut.

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Connecticut is home to Gillette Castle State Park in East Haddam and Yale University in New Haven, but did you know that the Constitution State is also home to some of the most affordable places in the country?

The experts say that the cost of living is on the rise, so HomeSnacks thought it would be a great idea to give Connecticuters one of the best life hacks: we compiled a list of the most affordable places to live in Connecticut for 2020.

How did we determine the most affordable places to live in Connecticut for 2020? We consulted the latest US Census data and cost of living statistics.

Do we think it's a coincidence that several of our top best places to raise a family in Connecticut are also on our most affordable list? Absolutely not. Kids are expensive! So the more money you save on your cost of living, the more money you will have to enjoy the fun 'kid' things to do and see in Connecticut. Like, visiting Pleasure Beach in Bridgeport or taking the ConnDot from Middletown to New Haven.

Don't get it twisted, folks; just because a place is affordable, doesn't mean that you aren't going to have to do your part. In order to afford to live in many of Connecticut's affordable places you're going to have to have a job. And you're in luck. The unemployment rate in most of our top ten places is below the national average. Want to know more? We suggest that you head to a Woodstock winery, find a shady spot, and read on.

What's the cheapest place to live in connecticut according to the most recent census data? There can be only one most affordable place in Connecticut for 2020, and that would be Torrington.

So, if you care about home values and affordability, take a look at the list below to see where your Connecticut dollar will go the furthest. And if you don't find your favorite there, head to the bottom.

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 2020

Torrington, CT

Source: Public domain
Overall SnackAbility

8
/10

Population: 34,737
Rank Last Year: 1 (No Change)
Home Price To Income Ratio: 2.4x (1st most affordable)
Income To Rent Ratio: 67.7x (3rd cheapest)
More On Torrington: Homes For Sale | Data | Photos

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 $63,576 and the median home value is $155,700 for 2020.

Naugatuck, CT

Source: Public domain
Overall SnackAbility

8.5
/10

Population: 31,481
Rank Last Year: 2 (No Change)
Home Price To Income Ratio: 2.6x (2nd most affordable)
Income To Rent Ratio: 68.0x (1st cheapest)
More On Naugatuck: Homes For Sale | Data | Photos

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 $70,512 and the median home value is $182,300 for 2020.

Bristol, CT

Source: Public domain
Overall SnackAbility

8.5
/10

Population: 60,308
Rank Last Year: 4 (Up 1)
Home Price To Income Ratio: 2.9x (3rd most affordable)
Income To Rent Ratio: 67.9x (2nd cheapest)
More On Bristol: Homes For Sale | Data | Photos

The median income in Bristol comes in at $66,829 and the median home value is $195,900 for 2020.

Meriden, CT

Overall SnackAbility

8
/10

Population: 59,864
Rank Last Year: 3 (Down 1)
Home Price To Income Ratio: 3.0x (5th most affordable)
Income To Rent Ratio: 57.9x (6th cheapest)
More On Meriden: Homes For Sale | Data | Photos

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 $57,886 and the median home value is $172,200 for 2020.

Review Of Meriden by HomeSnacks User

crime as a city in statistics is bad, but there are nice pockets / outskirts we live in a nice suburban area, very quiet clean with good neighbors. access to major shopping and highways and routes.

you can a good size house for a fair price, decent tax rate makes it affordable.

location, you're in the middle of the state so you can commute anywhere you need to

good parks, good tax rate, affordable housing, nice areas to live in early schools are good, high schools arent so good, good place to start a family

Norwich, CT

Source: Public domain
Overall SnackAbility

8
/10

Population: 39,567
Rank Last Year: 5 (No Change)
Home Price To Income Ratio: 2.9x (4th most affordable)
Income To Rent Ratio: 53.9x (9th cheapest)
More On Norwich: Homes For Sale | Data | Photos

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 $55,391 and the median home value is $162,900 for 2020.

Waterbury, CT

Overall SnackAbility

4
/10

Population: 108,672
Rank Last Year: 6 (No Change)
Home Price To Income Ratio: 3.1x (6th most affordable)
Income To Rent Ratio: 43.4x (17th cheapest)
More On Waterbury: Homes For Sale | Data | Photos

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 $41,617 and the median home value is $128,800 for 2020.

New Britain, CT

Overall SnackAbility

6
/10

Population: 72,839
Rank Last Year: 7 (No Change)
Home Price To Income Ratio: 3.5x (10th most affordable)
Income To Rent Ratio: 46.3x (16th cheapest)
More On New Britain: Homes For Sale | Data | Photos

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 $45,258 and the median home value is $159,300 for 2020.

Middletown, CT

Overall SnackAbility

7.5
/10

Population: 46,473
Rank Last Year: 10 (Up 2)
Home Price To Income Ratio: 3.4x (8th most affordable)
Income To Rent Ratio: 59.8x (5th cheapest)
More On Middletown: Homes For Sale | Data | Photos

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 $67,651 and the median home value is $227,000 for 2020.

Review Of Middletown by HomeSnacks User

There is a lot to do in Middletown. There are fireworks over the river around the 4th of July, plenary of places to eat and shop, and plenary of school option.

The food on Main Street is awesome. There are a ton of choices for food. The toy store is also amazing.

West Haven, CT

Source: Public domain
Overall SnackAbility

8
/10

Population: 54,918
Rank Last Year: 12 (Up 3)
Home Price To Income Ratio: 3.3x (7th most affordable)
Income To Rent Ratio: 50.2x (14th cheapest)
More On West Haven: Homes For Sale | Data | Photos

West Haven is a city in New Haven County, Connecticut, United States. At the 2010 census, the population of the city was 55,564.

The median income in West Haven comes in at $58,112 and the median home value is $194,400 for 2020.

Milford, CT

Overall SnackAbility

9
/10

Population: 52,349
Rank Last Year: 13 (Up 3)
Home Price To Income Ratio: 3.4x (9th most affordable)
Income To Rent Ratio: 56.6x (7th cheapest)
More On Milford: Homes For Sale | Data | Photos

Milford is a Coterminous municipality within Coastal Connecticut and New Haven County, Connecticut, between Bridgeport, Connecticut and New Haven, Connecticut. The population was 51,271 at the 2010 census. The city includes the borough of Woodmont and the village of Devon. Milford is part of the New York-Newark, NY-NJ-CT-PA Combined Statistical Area. It is the headquarters of the mega business Subway

The median income in Milford comes in at $89,583 and the median home value is $306,100 for 2020.

How We Determined The Most Affordable Places To Live In The Constitution State For 2020

Map Of The Cheapest Places To Live In Connecticut
The two most important things to think about when it comes to being able to afford if you can live comes down to:

  1. How much do money do I make?
  2. 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 2014-2018 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. You can download the data here.

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 2020.

Here's a look at the most expensive cities in Connecticut according to the data:

  1. Stamford
  2. New Haven
  3. Norwalk

For more Connecticut reading, check out:

Where Are The Most Affordable Places To Live In Connecticut?

Rank City CheapScore Population Home/Income Ratio Income/Rent Ratio
1 Torrington 2.0 34,737 2.4x 67.7x
2 Naugatuck 4.0 31,481 2.6x 68.0x
3 Bristol 5.33 60,308 2.9x 67.9x
4 Meriden 5.67 59,864 3.0x 57.9x
5 Norwich 6.0 39,567 2.9x 53.9x
6 Waterbury 8.0 108,672 3.1x 43.4x
7 New Britain 9.67 72,839 3.5x 46.3x
8 Middletown 9.67 46,473 3.4x 59.8x
9 West Haven 10.33 54,918 3.3x 50.2x
10 Milford 11.33 52,349 3.4x 56.6x

How Is The Area In ?

About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn or his website.