Cost of Living in Torrington, CT
Population: 35,481 • 2026 Data
$69,611
Median Household Income
-10% vs national
$1,101
Median Monthly Rent
-18% vs national
$195,800
Median Home Value
-42% vs national
7.0%
Unemployment Rate
Housing in Torrington
The median home value in Torrington, CT is $195,800. Monthly rent for a typical unit averages $1,101, while total monthly housing costs (including utilities and insurance) average $1,249.
Rent-to-income ratio: 19.0%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Torrington, CT is $69,611. The unemployment rate stands at 7.0%, with a labor force of 19,774 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.