Cost of Living in Winsted, CT
Population 7,074 · Connecticut · Data vintage 2023
(100 = US avg)
Winsted offers a notably favorable income-to-housing ratio for its region. The typical home — $214,000 — costs less than 3.2 times median household income of $66,058, a threshold many coastal markets passed a decade ago.
Winsted sits roughly 25 miles northwest of Hartford — close enough that regional housing and labor patterns are shaped largely by the larger market. Housing prices track closely with Hartford's $217,000 median.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Winsted
The median home value in Winsted is $214,000 — 30% below the national median of $305,000. Median rent runs $1,193/month, 9% lower than the national median of $1,314/month. The median household income of $66,058/year is 11% lower than the US median of $74,580. The local unemployment rate is 5.5%, 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, Winsted has a cost of living index of 78 versus the US average of 100, meaning it is 22% less expensive.
Winsted has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 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 Winsted, CT?
Winsted has a cost index of 78 (100 = national average). It is 22% below the national average.
What is average rent in Winsted, CT?
The median gross rent in Winsted is $1,193 per month based on 2023 Census data.
What is the average home price in Winsted?
The median home value in Winsted is $214,000 according to Zillow and Census data.
What is the median income in Winsted?
The median household income in Winsted is $66,058 per year (2023 ACS 5-year estimates).
What is the sales tax in Winsted, CT?
The combined state and local sales tax rate in Winsted is 6.3%. The Connecticut state income tax top rate is 7.0%.
Is Winsted, CT affordable?
Yes, Winsted is generally considered affordable, with a cost of living index of 78 — about 22% below the US national average of 100.
Winsted at a Glance
- Population
- 7,074
- Median Income
- $66,058
- Home Value
- $214,000
- Median Rent
- $1,193/mo
- Unemployment
- 5.5%
- Sales Tax
- 6.3%
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Connecticut Rankings
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