C-
8%
Overall NAT. AVG.
8%
Goods & Services NAT. AVG.
6%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Naugatuck Connecticut National
Cost of living108118100
Goods & Services108109100
Groceries99102100
Health care113109100
Housing106137100
Transportation103100100
Utilities133130100

An Overview of Cost of Living in Naugatuck, CT

Are you thinking about relocating, but curious about the potential cost of living in Naugatuck? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Naugatuck stands at 108, making it 8% higher than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.

Everyday expenditures like food, housing, goods and services, transportation and health care in Naugatuck are priced in a manner consistent with other areas. This means that residents of Naugatuck can anticipate their daily expenses remaining reasonably similar to those in an average city, thereby supporting a manageable cost of living.

Is Naugatuck Affordable?

Is Naugatuck an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Naugatuck is 1.7% higher than the national average, while the average monthly rent prices are 15.8% higher than average. The affordability of any location can also be influenced by median income levels. Naugatuck has a median household income of $77,967, which is 40.9% higher than the national average.

What Factors can Influence the Cost of Living in Naugatuck?

Groceries: Over the past 2-3 years, grocery expenses have experienced substantial upward trends. In certain markets, food prices have surged by over 20% during this period, while others have witnessed more modest increases. These fluctuations in food costs can wield significant influence over the overall cost of living in a given region. In Naugatuck, the groceries index is 1% lower than the national average.

Subsidies: Certain cities or states may institute government subsidies or assistance programs designed to alleviate the financial burdens associated with the cost of living for their residents. These programs encompass a variety of support mechanisms, including Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farm subsidies. Areas that provide fewer subsidies may see an uptick in their overall cost of living.

Healthcare: Healthcare costs and insurance premiums can fluctuate greatly based on the city or state. Access to healthcare facilities, out-of-pocket expenses for doctor\’s visits, dentist costs, medication costs and specialized care costs can all impact the cost of living. In Naugatuck, the healthcare costs are 13.3% higher than the national average.

Where is the Data From?

The cost of living in Naugatuck, presented above is derived from the C2ER cost of living index, offering a practical method for assessing living cost disparities in urban areas. Published quarterly, this index compiles data from more than 300 independent researchers, encompassing over 60 goods and services in 6 categories. The weightings assigned to cost variances are informed by government survey data tracking the expenditure patterns of professional and executive households. It should be noted that the C2ER index does not include data on sales or income tax rates, however, AreaVibes incorporates tax rates into the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Naugatuck is 8% lower than the Connecticut average
  • The cost of living in Naugatuck is 8% higher than the national average
  • Naugatuck housing is 6% higher than the national average
  • Connecticut general sales tax is 24% higher than the national average
  • Connecticut state income tax is 16% higher than the national average

Most Affordable Places to Live in and Around Naugatuck

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Compare Naugatuck, CT Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$100,426$8,369$2,343$3,013
      Renters$37,955$3,163$886$1,139
      The affordability of the housing market in Naugatuck, CT as well as the overall cost of living can be predicted by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Naugatuck homeowners, the median income is $100,426. This indicates that a monthly maximum of $2,343 should be spent by homeowners on all housing related costs. Renters have a median income of $37,955. This indicates that renters would have a maximum of $886 for their rent related monthly costs.

      Connecticut Sales Tax

      State General Sales Tax With Max Surtax
      Connecticut 6.35% 6.35%

      Connecticut Income Tax

      State Income Tax (Low) Income Tax (High)
      Connecticut 3% 6.99%

      Goods & Services

      Item Naugatuck National avg. Difference
      Haircut $39.78$24.2664.0%
      Beauty Salon $69.00$45.5651.4%
      Toothpaste $3.86$3.704.2%
      Shampoo $1.47$1.2814.8%
      Movie $15.07$12.1324.2%
      Bowling $24.00$18.0033.3%

      Groceries

      Item Naugatuck National avg. Difference
      Ground Beef $6.28$5.847.6%
      Fried Chicken $1.59$1.571.4%
      Milk $4.83$4.673.3%
      Potatoes $5.03$4.932.0%
      Pizza $13.21$12.099.3%
      Beer $10.53$10.411.1%

      Health Care

      Item Naugatuck National avg. Difference
      Optometrist $134.70$125.687.2%
      Doctor $162.26$135.7819.5%
      Dentist $136.03$113.2920.1%
      Ibuprofen $11.26$10.655.7%
      Lipitor $375.63$468.6019.8%

      Housing

      Item Naugatuck National avg. Difference
      Home Price $187,900.00$184,700.001.7%
      Avg. Mortgage Payment $3,730.18$2,346.6959.0%
      Apartment Rent $1,099.00$949.0015.8%

      Transportation

      Item Naugatuck National avg. Difference
      Gasoline $3.47$3.460.2%
      Tire Balancing $63.33$59.925.7%

      Utilities

      Item Naugatuck National avg. Difference
      All Electricity $296.64$193.9952.9%
      Phone $185.16$192.253.7%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Waterbury, CT107,8411011.1%
      New Britain, CT72,5431033.2%
      Meriden, CT59,5121044.4%
      Terryville, CT5,0191066.0%
      Thomaston, CT1,7301077.2%
      Naugatuck, CT31,2011088.4%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Michigan City, IN31,1918217.9%
      Needham, MA31,177201101.0%
      Sherwood, AR31,225964.3%
      Princeton, NJ31,16119190.8%
      West Falls Church, VA31,26215555.3%
      Naugatuck, CT31,2011088.4%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.