Cost of Living in Torrington, CT
Housing
The housing market plays a significant role in determining the cost of living in Torrington, CT.
- Housing Index: 115.0 / 100
- Median Home Price is: $287000
- Average Rent (2 BR Apartment): $1500 per month
- Average Rent (2 BR House): $1600 per month
When considering a move to Torrington, CT, the housing market displays a robust index of 115.0, indicating a competitive environment. With a median home price of 287000 and average rent for a 2-bedroom apartment at 1500, affordability may vary, depending on your financial situation. Renting a 2-bedroom house averages 1600, suggesting a premium for more space. It’s essential to weigh these housing costs against your income and lifestyle preferences, and consider other local amenities or job opportunities to determine if Torrington aligns with your living standards and aspirations.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Torrington, CT.
- Electricity Price: $26 USD (median by state)
- Natural Gas Price: Data is updating (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Torrington, CT could entail higher utility costs. Electricity costs sit at $26, while natural gas is priced at data unavailable per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Torrington is a financially viable option for your relocation.