Quick facts: Torrington, CT

Quick Facts

114.2
Cost of Living
above US average
35,563
Population
11.53
Crime Rate per 1000
below US average
$66,616
Median Income
below US average
$300,000
Median House Price
above US average
$1716.76
Average Rent
above US average
9%
Poverty Rate
below US average
2.8%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $66,616.

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Income Needed to Buy

βœ— Stretch
$94k/year
Based on $300,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $94k vs median $66,616
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Income Needed to Rent

⚠ Stretch
$74k/year
Based on $1716.76/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $74k vs median $66,616
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Torrington, CT

Torrington is a charming city located in Litchfield County, Connecticut. With a rich history dating back to the late 17th century, Torrington has evolved into a vibrant community known for its picturesque surroundings and friendly atmosphere. The city is nestled in the scenic foothills of the Berkshire Mountains, offering beautiful natural landscapes and outdoor recreational opportunities. Torrington is home to several parks, including the popular Torrington Recreation Park and Pines Bridge Park, ideal for hiking, picnicking, and enjoying nature. The cultural scene features the acclaimed Warner Theatre, which hosts a variety of performances and events throughout the year, and the Nutmeg Ballet Conservatory, fostering the arts in the region. The downtown area boasts a mix of historic architecture, local shops, and eateries, making it a pleasant spot for both residents and visitors. Torrington also has a strong sense of community, with various events and festivals held annually, celebrating local traditions. With its combination of natural beauty, cultural offerings, and community spirit, Torrington is an appealing place to live and visit in Connecticut.

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