Litchfield County · Connecticut · Northeast · 36k residents
Torrington, CT: economy, jobs & business costs
The site-selection read on Torrington: labor costs, talent, corporate tax, energy, and business activity, with the Connecticut median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,274/wk. Connecticut's corporate income tax rate is 7.5%. Commercial electricity averages 21.2¢/kWh.
Compare Torrington side by side
Avg. weekly wage
$1,274/wk
Corporate income tax
7.5%
Bachelor's degree or higher
24.8%
Commercial electricity
21.2¢/kWh
Economic momentum
How fast Torrington's economy is moving, ranked against the US cities we track.
47/100
Steady
Ranks Torrington's residential building-permit and jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $215,500 |
| Price per sq. ft. | $230 |
| Property tax rate | 1.8% |
| 1-bedroom rent | $1,044/mo |
| 2-bedroom rent | $1,205/mo |
| State & local income tax | 3.91% |
| Sales tax | 6.35% |
| Corporate income tax | 7.5% |
| Avg. weekly wage | $1,274/wk |
| Bachelor's degree or higher | 24.8% |
| Commercial electricity | 21.2¢/kWh |
| Businesses per 1k residents | 41.6/1k |
| Wage: Software developer | $134,120 |
| Wage: Registered nurse | $102,740 |
| Wage: General manager | $137,220 |
| Wage: Customer service | $48,090 |
| Wage: Warehouse worker | $40,590 |
| Wage: Heavy truck driver | $60,490 |
| Wage: Electrician | $77,540 |
| Wage: Retail salesperson | $36,490 |
| Cost of living index | 93 |
| Groceries index | 106 |
| Utilities | $245/mo |
| Transit pass | $75/mo |
| Gas price | $3.35/gal |
| Healthcare index | 105 |
| Childcare (per child) | $1,350/mo |
| Median household income | $70,856 |
| Unemployment rate | 4% |
| Population | 36k |
| Crime index | 27/100 |
| School rating | 7.8/10 |
| Walkability | 30/100 |
| Disaster risk | 80/100 |
| Avg. commute | 26 min |
| Sunny days / year | 180 days |
| July high | 82°F |
| January low | 15°F |
| Annual snowfall | 59 in |
| Home price YoY | +4.6% |
| Home price MoM | +0.2% |
| Rent YoY | +6.0% |
| Rent MoM | +0.1% |
| Employment (jobs) YoY | +0.9% |
| Building permits YoY | -46.7% |
| Ocean coast | 40 mi |
| Big lake | 28 mi |
| Mountains | 57 mi |
| Major airport | 24 mi |
| Ski resort | 52 mi |
Popular comparisons
Nearby
- Bristol, CT · 61k
- Waterbury, CT · 115k
- West Hartford, CT · 64k
- New Britain, CT · 74k
- Newington, CT · 31k
Similar size
- Manchester, CT · 37k
- Naugatuck, CT · 32k
- Norwich, CT · 40k
- Shelton, CT · 42k
- East Haven, CT · 28k
Real listings in Torrington
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Torrington a good place to run a business?
- Connecticut's corporate income tax rate is 7.5%; average weekly wages in the surrounding labor market run $1,274/wk; commercial electricity averages 21.2¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Torrington, CT?
- Torrington indexes at 93 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,205/mo and a acs median home value of $215,500.
- How much does a house cost in Torrington?
- The acs median home value in Torrington is $215,500 (Census ACS estimate; individual listings vary).
- How much is rent in Torrington?
- A two-bedroom in Torrington rents for about $1,205/mo.