Kensington, CT vs Waterford, CT

Kensington, CT and Waterford, CT have a very similar cost of living, with only a 1.2% difference in their overall index. Kensington scores 103 while Waterford scores 104 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Kensington is $1,418/month compared to $1,618/month in Waterford — a 12% difference. Interestingly, home values tell a different story: while Kensington has cheaper rent, Waterford actually has lower median home values ($245,600 vs $304,400).

Median household income in Kensington is $105,000 compared to $75,968 in Waterford (+38.2%). Kensington offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Kensington spend roughly 16.2% of their income on rent, less than the 25.6% in Waterford.