Cost of Living in New Britain, CT

Population 73,301 · Connecticut · Data vintage 2023

77
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Most of New Britain's cost indicators track within a reasonable band of national figures, with median household incomes near $57,036 — a more representative starting point for relocation math than the headline-expensive or headline-cheap cities on either tail. At 8.1%, the local unemployment rate runs well above the US figure, pointing to structural rather than cyclical labor-market issues.

Geographically, New Britain sits roughly 8 miles southwest of Hartford. Housing prices track closely with Hartford's $217,000 median.

Cost Overview

Housing 68
Rent 90

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in New Britain

The median home value in New Britain is $207,300 — 32% below the national median of $305,000. Median rent runs $1,187/month, 10% lower than the national median of $1,314/month. The median household income of $57,036/year is 24% lower than the US median of $74,580. The local unemployment rate is 8.1%, above the national average of 4.8%. Connecticut's top state income tax rate is 7.0% and the combined sales tax is 6.3%. Overall, New Britain has a cost of living index of 77 versus the US average of 100, meaning it is 23% less expensive.

🏠 Housing

Median Home Value
$207,300
32% below avg
Zillow Home Value
$290,709
Zillow ZHVI
Median Rent
$1,187/mo
10% below avg
Zillow Rent
$1,587/mo
Zillow ZORI
Price-to-Rent Ratio
14.6x
Favors buying
Property Tax Rate
2.1%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$1,133
1 BR
$1,306
2 BR
$1,653
3 BR
$1,992
4 BR
$2,363
Owner-occupied 43.6%
Renter-occupied 56.4%

💰 Estimated Monthly Budget

Rent median rent
$1,187
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,801/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
23.6 min
13% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
7.5%

Commute Mode

Drove alone
73.8%
Carpooled
10.3%
Public transit
3.3%
Walked
2.9%
Bicycle
0.1%
Work from home
7.5%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 7.0%
Total Sales Tax 6.3%
State rate 6.3%
Avg local rate 0.0%
Property Tax 2.1%

💼 Income & Employment

Median Household Income
$57,036
24% below avg
Per Capita Income
$30,612
Unemployment Rate
8.1%
69% above avg
Poverty Rate
18.6%
Labor Force Participation
65.7%

🎓 Education

Bachelor's degree+ 11.2%
Graduate degree 7.6%

👥 Demographics

Median Age 34.8
Male median age 34.3
Female median age 35.2

Frequently Asked Questions

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

New Britain has a cost index of 77 (100 = national average). It is 23% below the national average.

What is average rent in New Britain, CT?

The median gross rent in New Britain is $1,187 per month based on 2023 Census data.

What is the average home price in New Britain?

The median home value in New Britain is $207,300 according to Zillow and Census data.

What is the median income in New Britain?

The median household income in New Britain is $57,036 per year (2023 ACS 5-year estimates).

What is the sales tax in New Britain, CT?

The combined state and local sales tax rate in New Britain is 6.3%. The Connecticut state income tax top rate is 7.0%.

Is New Britain, CT affordable?

Yes, New Britain is generally considered affordable, with a cost of living index of 77 — about 23% below the US national average of 100.