New Britain, CT Cost Of Living
Cost Of Living In New Britain, CT Summary
Cost of living in New Britain research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means New Britain is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Connecticut, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in New Britain is 104, with 100 being the average.
The cost of living index in New Britain is 1.0x higher than the national average.
New Britain ranks as the #8 cheapest in Connecticut out of 56.
New Britain ranks as the #3,063 cheapest out of 6,489 in the US.
The median home value in New Britain is $292,301.
The median income in New Britain is $57,036.
Table Of Contents
New Britain's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in New Britain, CT?
According to the most recent data on the cost of living, New Britain has an overall cost of living index of 104, which is 1.0x higher than the national index of 100.
Compared to Connecticut, New Britain has a cost of living index that's 0.9x lower than Connecticut's index of 119.
The standard of living in New Britain ranks as #8 most affordable out of the 56 places we measured in Connecticut. By definition, that implies New Britain ranks as the #48 most expensive place in the Constitution State.
For more reading on life in New Britain, check out:
In Connecticut
In America
New Britain Cost Of Living Vs. Connecticut
Six factors go into calculating the cost of living index in New Britain. Here is how it fairs on each of the criteria:
The Services index in New Britain is 106.
The Groceries index in New Britain is 101.
The Health index in New Britain is 104.
The Housing index in New Britain is 94.
The Transportation index in New Britain is 95.
The Utilities index in New Britain is 125.
| Living Expense | New Britain | Connecticut | National Average | |
|---|---|---|---|---|
| Overall | 104 | 119 | 100 | |
| Services | 106 | 109 | 100 | |
| Groceries | 101 | 100 | 100 | |
| Health | 104 | 110 | 100 | |
| Housing | 94 | 137 | 100 | |
| Transportation | 95 | 101 | 100 | |
| Utilities | 125 | 131 | 100 | |
New Britain, CT Housing Cost Breakdown
Housing swings affordability the most between places in Connecticut, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in New Britain is $292,301.
The Median Rent in New Britain is $1,187.
The Median Income in New Britain is $57,036.
The Home Value To Income in New Britain is 5.1x.
The Rent To Monthly Income in New Britain is 0.25x.
| Statistic | New Britain | Connecticut | United States |
|---|---|---|---|
| Median Home Value | $292,301 | $430,086 | $303,400 |
| Median Rent | $1,187 | $1,431 | $1,348 |
| Median Income | $57,036 | $93,760 | $78,538 |
| Home Value To Income | 5.1x | 4.6x | 3.9x |
| Rent To Monthly Income | 0.25x | 0.18x | 0.21x |
Median Home Value
Median Rent
Median Income
New Britain, CT Costs By Category
Detailed New Britain Services Costs Vs. Connecticut
| Item | New Britain | Connecticut |
|---|---|---|
| Shampoo | $1.42 | $1.28 |
| Movie | $12.85 | $12.13 |
| Bowling | $18.33 | $18 |
| Haircut | $33.78 | $24.26 |
| Beauty Salon | $58.55 | $45.56 |
Detailed New Britain Groceries Costs Vs. Connecticut
| Item | New Britain | Connecticut |
|---|---|---|
| Ground Beef | $6.23 | $5.84 |
| Fried Chicken | $1.46 | $1.57 |
| Milk | $4.73 | $4.67 |
| Potatoes | $4.96 | $4.93 |
| Pizza | $10.79 | $12.09 |
| Beer | $10.49 | $10.41 |
| Toothpaste | $3.65 | $3.7 |
Detailed New Britain Health Costs Vs. Connecticut
| Item | New Britain | Connecticut |
|---|---|---|
| Optometrist | $166.22 | $125.68 |
| Doctor | $182.5 | $135.78 |
| Dentist | $127.0 | $113.29 |
Detailed New Britain Transportation Costs Vs. Connecticut
| Item | New Britain | Connecticut |
|---|---|---|
| Gasoline | $3.34 | $3.46 |
| Tire Balancing | $71.63 | $59.92 |
Detailed New Britain Utilities Costs Vs. Connecticut
| Item | New Britain | Connecticut |
|---|---|---|
| All Electricity | $302.09 | $193.99 |
| Phone | $185.16 | $192.25 |
New Britain SnackAbility
/10
Cost Of Living In Cities Around New Britain
The cost of living varies in the cities and towns around New Britain. Here's a quick look at the cost of living in the most populous nearby places:
Hartford, CT has a cost of living index of 103, 1.0x New Britain.
West Hartford, CT has a cost of living index of 124, 1.2x New Britain.
Bristol, CT has a cost of living index of 106, 1.0x New Britain.
| City | Population | Cost Of Living | Vs. New Britain |
|---|---|---|---|
| Hartford, CT | 119,970 | 103 | 1.0x |
| West Hartford, CT | 63,809 | 124 | 1.2x |
| Bristol, CT | 61,129 | 106 | 1.0x |
| Meriden, CT | 60,418 | 104 | 1.0x |
| East Hartford, CT | 50,798 | 106 | 1.0x |
| Newington, CT | 30,551 | 114 | 1.1x |
| Wethersfield, CT | 27,180 | 113 | 1.1x |
| Windsor Locks, CT | 12,555 | 109 | 1.0x |
| Kensington, CT | 9,936 | 119 | 1.1x |
| Oakville, CT | 9,233 | 113 | 1.1x |
