Connecticut is known for its wealth and expensive living expenses. Nevertheless, there are numerous cost-effective neighborhoods that provide a high quality of life. If you’re considering a move to the Constitution State, check out this list of the most budget-friendly places to live in Connecticut.
Cheapest Places to Live in Connecticut
Hartford: $163,072
Hartford is the most affordable city in Connecticut. Hartford is the capital of Connecticut and the fourth largest city in the state, boasting a population of 121,054. Hartford, being one of the oldest cities in America, boasts a rich history and affordable living options. In Hartford, the average home price is $163,072, while a studio apartment rents for $1,137 per month. The cost of living is 9% below the statewide average.
Willimantic: $223,238
Willimantic is a budget-friendly option for living in Connecticut. Willimantic is situated in northeastern Connecticut and is a census-designated place as well as one of two tax districts within the town of Windham. The population was 18,149 according to the 2020 census. Willimantic is famous for its beautiful Victorian architecture and for housing Eastern Connecticut State University. It’s quite budget-friendly, with an average home price of $223,238 and an average monthly rent of $995 for a studio. The cost of living is 11.1% lower compared to the rest of Connecticut.
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Waterbury: $232,994
Waterbury is known for being one of the most affordable places to live in Connecticut. Located in western central Connecticut, approximately 33 miles from Hartford, Waterbury is home to 114,403 residents. The community is quite diverse, with a reasonable cost of living and convenient access to neighboring cities. In Waterbury, the average home price is $232,994, and the average rent for a 1-bedroom apartment is $1145.
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Torrington: $243,723
Torrington is known for being a budget-friendly place to live in Connecticut. Torrington boasts a population of 35,515, establishing itself as the largest city in Litchfield County. The area exudes a charming New England vibe with lovely colonial homes, pristine parks, and a quaint downtown district. Torrington offers affordable living with costs 5.3% lower than the state average. The median home price stands at $243,723, while the average rent for a studio is $1,160.
New Britain: $249,073
New Britain is known for being one of the most affordable cities in Connecticut. New Britain, situated approximately 9 miles southwest of Hartford, is a vibrant suburb home to 74,135 residents. This community has a rich history as a significant manufacturing center and the location of Central Connecticut State University.
It’s a budget-friendly, family-oriented neighborhood with a median home price of $249,073. In New Britain, the average rent for a studio is $1100, and the cost of living is 6.3% lower compared to the rest of Connecticut.
Meriden: $267,532
Meriden is known for its affordable cost of living in Connecticut. This city in New Haven County has a population of 60,850 residents. Meriden is situated in a central location between Hartford and New Haven, making it a convenient midpoint between Boston and NYC. The city is known for its diversity, low crime rate, and abundance of parks. Living in Meriden is affordable for residents. In Meriden, the typical home price is $267,532, while the average rent for a one-bedroom apartment is $1,383.
Conclusion
Connecticut offers several budget-friendly neighborhoods with high quality of life. Hartford is the most affordable city, with an average home price of $163,072. Other affordable neighborhoods include Willimantic, Waterbury, Torrington, New Britain, and Meriden. Hartford is the capital and fourth largest city, while Willimantic is known for its Victorian architecture and Eastern Connecticut State University. Waterbury is a diverse community with a reasonable cost of living and convenient access to neighboring cities.
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