Cost of Living in Torrington, CT
Population 35,481 · Connecticut · Data vintage 2023
(100 = US avg)
Torrington offers a notably favorable income-to-housing ratio for its region. The typical home — $196,000 — costs less than 2.8 times median household income of $69,611, a threshold many coastal markets passed a decade ago. At 7.0%, the local unemployment rate runs well above the US figure, pointing to structural rather than cyclical labor-market issues.
Geographically, Torrington sits roughly 20 miles north of Waterbury. Housing prices track closely with Waterbury's $185,000 median.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Torrington
The median home value in Torrington is $195,800 — 36% below the national median of $305,000. Median rent runs $1,101/month, 16% lower than the national median of $1,314/month. The median household income of $69,611/year is 7% lower than the US median of $74,580. The local unemployment rate is 7.0%, 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, Torrington has a cost of living index of 72 versus the US average of 100, meaning it is 28% less expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
Frequently Asked Questions
What is the cost of living in Torrington, CT?
Torrington has a cost index of 72 (100 = national average). It is 28% below the national average.
What is average rent in Torrington, CT?
The median gross rent in Torrington is $1,101 per month based on 2023 Census data.
What is the average home price in Torrington?
The median home value in Torrington is $195,800 according to Zillow and Census data.
What is the median income in Torrington?
The median household income in Torrington is $69,611 per year (2023 ACS 5-year estimates).
What is the sales tax in Torrington, CT?
The combined state and local sales tax rate in Torrington is 6.3%. The Connecticut state income tax top rate is 7.0%.
Is Torrington, CT affordable?
Yes, Torrington is generally considered affordable, with a cost of living index of 72 — about 28% below the US national average of 100.
Torrington at a Glance
- Population
- 35,481
- Median Income
- $69,611
- Home Value
- $195,800
- Median Rent
- $1,101/mo
- Unemployment
- 7.0%
- Sales Tax
- 6.3%
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