Salary & Cost of Living in Naugatuck, CT
Naugatuck, CT: $69,863 median salary, cost of living index 106.6, $15.69/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$69,863
$34/hr
Cost of Living
106.6
US avg = 100
Minimum Wage
$15.69
per hour
Unemployment
3.9%
rate
Naugatuck, CT Overview
Population
31,862
Median Salary
$69,863
Average Salary
$78,247
Avg Commute
20 min
Median Home Price
$361,000
Median Rent
$1,460/mo
Job Growth
+2.2%
Sales Tax
6.35%
Naugatuck is located in Connecticut with a population of 31,862. The median household salary is $69,863 per year ($34/hour), which is $10,479 above the national median of $59,384. The average commute time is 20 minutes, and the city has a job growth rate of +2.2%.
Naugatuck Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Naugatuck, CT, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$54,041
$4,503.46/month · $2,078.52/biweekly · Effective Rate: 22.6%
Gross Pay
$69,863
Federal Tax
-$6,984
State Tax
-$3,493
Local Tax
$0
FICA
-$5,345
Net Pay
$54,041
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $5,821.92 | $69,863.00 |
| Federal Income Tax | -$581.99 | -$6,983.86 |
| Connecticut State Tax (5%) | -$291.10 | -$3,493.15 |
| Social Security (6.2%) | -$360.96 | -$4,331.51 |
| Medicare (1.45%) | -$84.42 | -$1,013.01 |
| Net Take-Home Pay | $4,503.46 | $54,041.47 |
Salary Comparison: Naugatuck vs Other Cities
See how Naugatuck's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Naugatuck, CT | $69,863 | 106.6 | $65,538 |
| National Average | $59,384 | 100 | $59,384 |
| Gaithersburg, MD | $69,866 | 118.5 | $58,959 |
| Eagan, MN | $69,867 | 104.9 | $66,603 |
| Chillum, MD | $69,869 | 104.3 | $66,988 |
| North Hempstead, NY | $69,856 | 141.3 | $49,438 |
Adjusted salary reflects purchasing power when cost of living is factored in. A higher adjusted salary means your money goes further.
Cost of Living in Naugatuck
Naugatuck's cost of living index is 106.6 (national average = 100). Living in Naugatuck is 6.599999999999994% more expensive than the national average.
Median Home Price
$361,000
Median Monthly Rent
$1,460
Annual Rent Cost
$17,520
Your Salary's Purchasing Power
Your $54,041 annual take-home pay in Naugatuck has the purchasing power of approximately $50,696 in an average-cost US area. You would need to earn $74,474 in Naugatuck to match a $69,863 salary in an average-cost city.
Top Industries in Naugatuck
Naugatuck's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $69,863.
Salary Tips for Naugatuck Workers
- Research top industries. Naugatuck's top industries include Finance, Insurance, Healthcare. Targeting roles in these sectors can help you earn above the $69,863 median salary.
- Review your W-4 withholding. If you regularly receive large tax refunds, adjust your W-4 to increase your per-paycheck take-home pay instead of giving the government an interest-free loan.
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Frequently Asked Questions
What is the median salary in Naugatuck, CT?
The median salary in Naugatuck, CT is $69,863 per year, or $34 per hour. The average salary is $78,247. This is $10,479 above the national median of $59,384.
What is the cost of living in Naugatuck, CT?
Naugatuck's cost of living index is 106.6 (national average = 100), meaning it is 6.599999999999994% more expensive compared to the national average. The median home price is $361,000 and the median monthly rent is $1,460.
What are the best industries in Naugatuck?
The top industries in Naugatuck, CT include Finance, Insurance, Healthcare. The city has a job growth rate of 2.2% and an unemployment rate of 3.9%. Workers in these industries often earn above the city's median salary of $69,863.
How does Naugatuck's salary compare to other cities?
Naugatuck's median salary of $69,863 is 17.6% above the national median of $59,384. However, when adjusted for cost of living (index: 106.6), the real purchasing power is approximately $65,538.
What is the minimum wage in Naugatuck, CT?
The minimum wage in Naugatuck, CT is $15.69 per hour. This equals approximately $32,635 per year for a full-time worker (40 hours/week). This is $8.44 above the federal minimum wage of $7.25/hour.