Cost of Living in Waterbury
Summary: If you are thinking about moving to Waterbury, here is an overview of the cost of living there.
Waterbury, known as "The Brass City," offers a cost of living that is generally lower than the more affluent areas of Connecticut but slightly above the national average. Housing prices in Waterbury can vary depending on the neighborhood and the condition of the property. As of my knowledge cutoff in early 2023, the median home price for a 3-bedroom home in Waterbury is approximately $150,000 to $200,000, while a 4-bedroom home may range from $200,000 to $250,000 or more, depending on the size and location. These prices can fluctuate based on market conditions and specific neighborhood dynamics.
Apartment rentals in Waterbury are relatively affordable compared to other parts of Connecticut. A 1-bedroom apartment typically rents for between $800 and $1,000 per month, while a 2-bedroom apartment can range from $1,000 to $1,200 per month. For those interested in purchasing an apartment or a condominium, prices can vary widely, but on average, you might expect to pay anywhere from $50,000 to $150,000, depending on the size, condition, and amenities offered.
Dining out in Waterbury offers a range of options, from casual eateries to more upscale restaurants. A meal at an inexpensive restaurant may cost around $12 to $20 per person, while a three-course meal at a mid-range restaurant could be priced between $40 and $60 for two people. Fast food combo meals are typically around $7 to $9.
Utilities, including electricity, heating, cooling, water, and garbage, for a standard 85m² apartment in Waterbury, can cost around $150 to $250 per month, depending on usage and the time of year. Internet services add an additional $60 to $80 per month.
Private school tuition in Waterbury varies by the level of education and the institution. For preschools, annual tuition can range from $5,000 to $10,000. Elementary schools may charge between $5,000 and $15,000 per year, while middle and high schools can cost anywhere from $10,000 to $25,000 annually. These figures are approximate and can be higher for prestigious institutions or those offering specialized programs.
| Item | Cost |
|---|---|
| 3-bedroom home (purchase) | $150,000 - $200,000 |
| 4-bedroom home (purchase) | $200,000 - $250,000+ |
| 1-bedroom apartment (rent) | $800 - $1,000/month |
| 2-bedroom apartment (rent) | $1,000 - $1,200/month |
| Apartment/Condo (purchase) | $50,000 - $150,000 |
| Inexpensive restaurant meal | $12 - $20/person |
| Mid-range restaurant (3-course) | $40 - $60 for two |
| Fast food combo meal | $7 - $9 |
| Utilities (monthly for 85m² apartment) | $150 - $250 |
| Internet (monthly) | $60 - $80 |
| Private preschool (annual tuition) | $5,000 - $10,000 |
| Private elementary school (annual tuition) | $5,000 - $15,000 |
| Private middle school (annual tuition) | $10,000 - $25,000 |
| Private high school (annual tuition) | $10,000 - $25,000 |
About the Author
Joshua Wood, LPC is one of the Founders of BlueBurbia and serves as Co-President of Expat Exchange. Prior to Expat Exchange and BlueBurbia, Joshua worked for NBC Cable (MSNBC and CNBC
Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.
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