Lakes West, CT vs Waterford, CT

There is a significant gap in the cost of living between these two cities. Waterford is 26.5% cheaper than Lakes West. With a cost index of 104 vs 132, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Waterford to Lakes West should plan for substantially higher expenses across most categories.

When it comes to buying, median home values in Lakes West are $693,200 compared to $245,600 in Waterford, a 182% gap.

Median household income in Lakes West is $244,286 compared to $75,968 in Waterford (+221.6%). While Lakes West is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income.