Winsted, CT Cost Of Living
Cost Of Living In Winsted, CT Summary
Cost of living in Winsted 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 Winsted 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 Winsted is 106, with 100 being the average.
The cost of living index in Winsted is 1.1x higher than the national average.
Winsted ranks as the #3 cheapest in Connecticut out of 55.
Winsted ranks as the #3,772 cheapest out of 6,412 in the US.
The median home value in Winsted is $175,700.
The median income in Winsted is $58,661.
Table Of Contents
Winsted's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Winsted, CT?
According to the most recent data on the cost of living, Winsted has an overall cost of living index of 106, which is 1.1x higher than the national index of 100.
Compared to Connecticut, Winsted has a cost of living index that's 0.9x lower than Connecticut's index of 114.
The standard of living in Winsted ranks as #3 most affordable out of the 55 places we measured in Connecticut. By definition, that implies Winsted ranks as the #52 most expensive place in the Constitution State.
For more reading on life in Winsted, check out:
- Living In Winsted
- Search Homes For Sale In Winsted, CT
In Connecticut
In America
Winsted Cost Of Living Vs. Connecticut
Six factors go into calculating the cost of living index in Winsted. Here is how it fairs on each of the criteria:
The Services index in Winsted is 117.
The Groceries index in Winsted is 106.
The Health index in Winsted is 108.
The Housing index in Winsted is 86.
The Transportation index in Winsted is 109.
The Utilities index in Winsted is 125.
| Living Expense | Winsted | Connecticut | National Average | |
|---|---|---|---|---|
| Overall | 106 | 114 | 100 | |
| Services | 117 | 113 | 100 | |
| Groceries | 106 | 101 | 100 | |
| Health | 108 | 107 | 100 | |
| Housing | 86 | 123 | 100 | |
| Transportation | 109 | 104 | 100 | |
| Utilities | 125 | 127 | 100 | |
Winsted, 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 2017-2021. The key points are:
The Median Home Value in Winsted is $175,700.
The Median Rent in Winsted is $1,023.
The Median Income in Winsted is $58,661.
The Home Value To Income in Winsted is 3.0x.
The Rent To Monthly Income in Winsted is 0.21x.
| Statistic | Winsted | Connecticut | United States |
|---|---|---|---|
| Median Home Value | $175,700 | $286,700 | $244,900 |
| Median Rent | $1,023 | $1,260 | $1,163 |
| Median Income | $58,661 | $83,572 | $69,021 |
| Home Value To Income | 3.0x | 3.4x | 3.5x |
| Rent To Monthly Income | 0.21x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Winsted, CT Costs By Category
Detailed Winsted Services Costs Vs. Connecticut
| Item | Winsted | Connecticut |
|---|---|---|
| Shampoo | $0.95 | $1.06 |
| Movie | $12.64 | $10.68 |
| Bowling | $18.88 | $14.67 |
| Haircut | $30.29 | $18.62 |
| Beauty Salon | $49.75 | $39.05 |
Detailed Winsted Groceries Costs Vs. Connecticut
| Item | Winsted | Connecticut |
|---|---|---|
| Ground Beef | $4.34 | $4.22 |
| Fried Chicken | $1.41 | $1.39 |
| Milk | $2.39 | $2.05 |
| Potatoes | $3.92 | $3.29 |
| Pizza | $9.81 | $10.62 |
| Beer | $11.01 | $9.38 |
| Toothpaste | $2.06 | $2.34 |
Detailed Winsted Health Costs Vs. Connecticut
| Item | Winsted | Connecticut |
|---|---|---|
| Optometrist | $154.87 | $108.57 |
| Doctor | $115.5 | $116.17 |
| Dentist | $104.4 | $99.13 |
Detailed Winsted Transportation Costs Vs. Connecticut
| Item | Winsted | Connecticut |
|---|---|---|
| Gasoline | $2.31 | $2.22 |
| Tire Balancing | $58.77 | $50.07 |
Detailed Winsted Utilities Costs Vs. Connecticut
| Item | Winsted | Connecticut |
|---|---|---|
| All Electricity | $240.4 | $167.67 |
| Phone | $178.6 | $175.64 |
Winsted SnackAbility
/10
Cost Of Living In Cities Around Winsted
The cost of living varies in the cities and towns around Winsted. Here's a quick look at the cost of living in the most populous nearby places:
West Hartford, CT has a cost of living index of 129, 1.2x Winsted.
Simsbury Center, CT has a cost of living index of 129, 1.2x Winsted.
| City | Population | Cost Of Living | Vs. Winsted |
|---|---|---|---|
| West Hartford, CT | 64,034 | 129 | 1.2x |
| Simsbury Center, CT | 6,072 | 129 | 1.2x |
