New Britain, CT vs Waterbury, CT

New Britain, CT and Waterbury, CT have a very similar cost of living, with only a 2.3% difference in their overall index. New Britain scores 88 while Waterbury scores 86 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 New Britain is $1,187/month compared to $1,180/month in Waterbury — a 1% difference. Home values follow the same pattern: Waterbury is more affordable at $185,400 median vs $207,300.

Median household income in New Britain is $57,036 compared to $51,642 in Waterbury (+10.4%). While New Britain is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of New Britain spend roughly 25% of their income on rent, less than the 27.4% in Waterbury.