Is Waterbury, CT cheaper than Springfield, MA?

Based on cost of living data, Waterbury, CT is 1.8% cheaper than Springfield, MA. This translates to saving $132 per month.

What salary do I need in Waterbury, CT to live like I do in Springfield, MA?

If you earn $150,000 in Springfield, MA, you'd need approximately $148,420.112 in Waterbury, CT to maintain the same standard of living.

How does housing cost compare between Springfield, MA and Waterbury, CT?

Housing in Waterbury, CT is 26.3% more expensive than in Springfield, MA. For a two-bedroom apartment, rent is $936/month in Waterbury, CT compared to $1,150/month in Springfield, MA.

How much can I save per month by moving from Springfield, MA to Waterbury, CT?

Moving from Springfield, MA to Waterbury, CT could save you approximately $132 per month, or $1580 per year, based on a $150,000 salary.

Springfield, MA vs Waterbury, CT: Cost of Living Comparison 2026

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Cost of Living Comparison 2026

Data: HUD rent estimates, BLS cost of living

Current salary in Springfield, MA

Numbers update automatically as you type

You'd save $132/month moving to Waterbury, CT

$150.0K in your current city equals $148.4K in Waterbury, CT

Rent data from HUD ZIP-level estimates · COL index from area

Overall Cost

↓ 1.8%

Less expensive

Monthly Impact

$132

Savings

Annual Impact

$1.6K

Per year

Based on monthly living costs (rent, groceries, utilities, transport, healthcare). Home purchase prices shown separately below.

Springfield, MA

Population:154K

Cost Index:

100

100 = national average

Median Home:$294K

Waterbury, CT

Population:115K

Cost Index:

(2% below avg)

Median Home:$268K

Springfield, MA

The Bay State

154K

Population

State Tax

Yes

Located in Massachusetts, this city has a population of 154K residents.

Waterbury, CT

The Constitution State

115K

Population

State Tax

Yes

Located in Connecticut, this city has a population of 115K residents.

Cost Breakdown by Category

Annual spending: Springfield, MA vs Waterbury, CT

Category	Springfield, MA	Waterbury, CT	Difference	Change
Housing	$3,490/mo	$4,409/mo	↑ $919more	26.3%
Transportation	$1,346/mo	$1,026/mo	↓ $319less	23.7%
All Utilities	$614/mo	$480/mo	↓ $134less	21.8%
Healthcare	$637/mo	$550/mo	↓ $87.05less	13.7%
Other	$1,341/mo	$1,303/mo	↓ $38.55less	2.9%
Groceries	$925/mo	$932/mo	↑ $7.20more	0.8%

Housing

↑ 26.3%

Springfield, MA

$3,490

Waterbury, CT

$4,409

Difference

$919

Transportation

↓ 23.7%

Springfield, MA

$1,346

Waterbury, CT

$1,026

Difference

$319

less

All Utilities

↓ 21.8%

Springfield, MA

$614

Waterbury, CT

$480

Difference

$134

less

Healthcare

↓ 13.7%

Springfield, MA

$637

Waterbury, CT

$550

Difference

$87.05

less

Other

↓ 2.9%

Springfield, MA

$1,341

Waterbury, CT

$1,303

Difference

$38.55

less

Groceries

↑ 0.8%

Springfield, MA

$925

Waterbury, CT

$932

Difference

$7.20

🏠Rent Comparison

Studio

From$809

To$653

↓ $156

1 Bed

From$915

To$757

↓ $158

2 Bed

From$1,150

To$936

↓ $214

3 Bed

From$1,409

To$1,157

↓ $252

Springfield, MAZIP-level data

1BR range: $1,240–$1,630/mo

Waterbury, CTZIP-level data

1BR range: $1,120–$1,460/mo

💡 Note: Rent prices are based on HUD Fair Market Rent data and represent median costs. Actual prices vary by neighborhood, amenities, and condition. Source: HUD Small Area Fair Market Rents FY2026.

$8,353

Monthly in Springfield, MA

$8,701

Monthly in Waterbury, CT

$347

Difference

Home Values

Springfield

Waterbury

$294K

Median Value

$268K

↑ +2.5%

YoY Change

↑ +3.1%

↑ +45.5%

5-Year Change

↑ +84.3%

$137K - $323K

Price Range

$250K - $290K

Homes in Waterbury are 9% less expensive than Springfield

Calculate payment - Springfield Calculate payment - Waterbury

Source: Zillow Home Value Index (ZHVI), January 2026

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

↓ $550

More taxes

Monthly Difference

$45.83

Less take-home

Effective Rate Diff

0.4%

Rate difference

Springfield, MA

Federal Income Tax

Effective: 18.9%

$25.5K

Massachusetts State Tax

Effective: 5.0%

$7.5K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 29.7%

$44.5K

Take-Home Pay

$8,791/month

$105.5K

Waterbury, CT

Federal Income Tax

Effective: 18.9%

$25.5K

Connecticut State Tax

Effective: 5.4%

$8.1K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 30.0%

$45.1K

Take-Home Pay

$8,745/month

$104.9K

Additional Tax Information

Springfield, MA Tax Rates

Sales Tax:6.3%

Property Tax:1.2%

Waterbury, CT Tax Rates

Sales Tax:6.3%

Property Tax:2.1%

💡 Note: Tax calculations are estimates based on 2024/2025 tax brackets for single filers with standard deduction. Actual taxes may vary based on filing status, deductions, credits, and local variations.