Cost of Living in Waterbury, Connecticut
In Waterbury, the median household income is $51,886 and the median gross rent is $1,225/mo, with a median home value of $208,500. Source: Census Bureau ACS, 2020-2024 estimates.
- Median household income
- $51,886
- Median gross rent
- $1,225/mo
- Median home value
- $208,500
- Population
- 114,869
How Waterbury compares to the Connecticut average
| Measure | Waterbury, CT | Connecticut statewide | Difference |
|---|---|---|---|
| Median household income | $51,886 | $95,781 | -45.8% |
| Median gross rent (monthly) | $1,225 | $1,488 | -17.7% |
| Median home value | $208,500 | $366,900 | -43.2% |
Statewide, Connecticut prices average 103.6 on the BEA Regional Price Parity index (2024), where the U.S. average is 100.
Housing affordability in Waterbury
- Salary needed for median rent
- $49,000
- Rent burden at median income
- 28.3%
- Est. affordable home price
- $189,277
So that $1,225/mo is 30% of gross income
Share of the median household income spent on median rent (30%+ = cost-burdened)
At median income, 6.67% 30-yr rate (FRED, 2026-08), 20% down, 28% front-end DTI
The median home value in Waterbury is $208,500 — +10.2% above what the median household income supports under these assumptions.
Estimates from documented formulas — see methodology. Not financial advice.
Cost of living in other Connecticut cities
About this data
- American Community Survey 5-Year Estimates — data period 2020-2024, retrieved August 13, 2026.
- Regional Price Parities — data period 2024, retrieved August 13, 2026.
- Federal Reserve Economic Data — data period 2026-08, retrieved August 13, 2026.
Figures are shown exactly as published by the source or derived by the documented formulas on our methodology page. Where a source suppresses an estimate, we show “—” rather than a substitute value.