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 only Connecticut, Winsted has a cost of living index that's 0.9x lower than Connecticut's index of 124.
The standard of living in Winsted ranks as #3,773 most affordable out of the 6,418 places we measured in Connecticut. By definition, that implies Winsted ranks as the #2,646 most expensive place in the Constitution State.
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Housing swings affordability the most between places in Connecticut, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.
Home and income come data comes from the most recent US Census ACS 2014-2018.