Living in Waterbury, Connecticut
Cost of living, income, home prices, rent and demographics of Waterbury · Census data 2020–2024
Waterbury has 114,869 residents with a median age of 37.8. The median household income is $51,886 (46% lower than the Connecticut median), the median home value is $208,500, the median rent is $1,225/month.
Waterbury at a glance
- Population
- 114,869
- Median age
- 37.8State: 41.1
- Median household income
- $51,886State: $95,781
- Median home value
- $208,500State: $366,900
- Median rent
- $1,225/moState: $1,488
- Homeowners
- 47.2%
- Bachelor's degree or higher
- 17.3%
- Average commute
- 28 min
Is Waterbury a good place to live?
Pros: Home values 43% lower than the state median.
Cons: Median household income 46% lower than the Connecticut median; an average commute of 28 minutes; unemployment of 9.3%; a poverty rate of 24.7%.
The weather is best in June to September.
Cost of living in Waterbury
Housing is the biggest part of the cost of living. In Waterbury the median home value is $208,500, 37% lower than the U.S. median. Renters pay a median of $1,225 per month, which is 35% of household income. Homeowners with a mortgage pay $1,850 a month in housing costs.
Waterbury median household income
The median household income in Waterbury is $51,886 and the income per person is $29,542. 24.7% of residents live below the poverty line (Connecticut: 10%).
Housing in Waterbury: homes for sale and rent
- Housing units
- 49,956
- Owner-occupied
- 47.2%
- Renter-occupied
- 52.8%
- Vacant
- 8.6%Includes seasonal homes
- Median year built
- 1959
- Average household size
- 2.48
Waterbury demographics
- Population
- 114,869
- Median age
- 37.8
- Under 18
- 23.2%
- 65 and older
- 15.3%
- Households
- 45,663
- Foreign-born
- 20.1%
- Veterans
- 3.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Waterbury ›
Education in Waterbury
17.3% of adults 25 and older in Waterbury have a bachelor's degree or higher (Connecticut: 42.5%), and 7% have a graduate or professional degree.
Jobs and commute in Waterbury
- Unemployment rate
- 9.3%State: 5.6%
- Average commute
- 28 minState: 27 min
- Work from home
- 8.3%
- Drive alone
- 69.8%
- Public transit
- 3.9%
- Walk to work
- 2.1%
- Homes with broadband
- 85.3%
Waterbury vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Waterbury | 114,869 | $51,886 | $208,500 | $1,225 |
| Oakville | 9,276 | $95,515 | $280,500 | $1,414 |
| Wolcott | 16,279 | $110,850 | $326,200 | $1,464 |
| Naugatuck | 31,800 | $96,324 | $259,100 | $1,369 |
| Middlebury | 7,807 | $133,487 | $476,400 | $398 |
| Prospect | 9,458 | $126,394 | $355,400 | $1,800 |
| Watertown | 22,253 | $101,691 | $333,500 | $1,275 |
| Plymouth | 11,746 | $94,514 | $275,000 | $1,276 |
| Cheshire | 29,040 | $146,528 | $440,000 | $1,398 |
More for people moving to Waterbury
Waterbury ZIP code ›Weather and climate ›Living in Waterbury: FAQ
What is the median household income in Waterbury, CT?
The median household income in Waterbury is $51,886, 46% lower than the Connecticut median of $95,781 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Waterbury?
The median home value in Waterbury is $208,500, compared with $366,900 in Connecticut.
How much is rent in Waterbury?
The median gross rent in Waterbury is $1,225 per month, about 35% of household income.
Is Waterbury, CT a good place to live?
Pluses: home values 43% lower than the state median. Minuses: median household income 46% lower than the Connecticut median; an average commute of 28 minutes; unemployment of 9.3%; a poverty rate of 24.7%.
What is the median age in Waterbury?
The median age in Waterbury is 37.8 years (Connecticut: 41.1).
How long is the commute in Waterbury?
The average commute to work in Waterbury is 28 minutes; 8.3% of workers work from home.
What is the unemployment rate in Waterbury?
The unemployment rate in Waterbury is 9.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Waterbury?
17.3% of adults in Waterbury have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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