Pros and Cons of Living In Winsted, Connecticut. Is Winsted, CT a Nice Place To Live or Retire?

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Winsted, Connecticut

Moving to Winsted In Connecticut ? Is Winsted, CT a Nice Place To Live? Pros and Cons of Living in Winsted, Connecticut. Find out the best and worst about to live, raise a family or retire in Winsted.

Winsted is a census-designated place and an incorporated city in Litchfield County, Connecticut, United States. It is part of the town of Winchester. The population of Winsted was 7,192 at the 2020 census, a decrease from 7,712 at the 2010 census. It comprises the majority of the town of Winchester's 10,224 population. Winsted is part of the Northwest Hills Planning Region.

DEMOGRAPHICS

Population
6504
Unemployment
6.8%
45% NAT AVG.
Poverty
22.7%
62% NAT AVG.
Cost Of Living
106
6% NAT AVG.

ECONOMICS

Median Home Cost
$164900
28% NAT AVG.
Median Income
$49848
26% NAT AVG.
Median Rent
$952
18% NAT AVG.
Overall Score
5

CRIME REPORT

SOCIO-ECONOMICS

People Living Below BPL
1 in 4
Unemployed People
1 in 15
People Earning < $10,000
1 in 6
People Earning < $50,000
50.2%
People With Any Degree
1 in 3.3

ETHNICITY

Ethnicity Winsted USA
White 86.9% 60.1%
African American 1.5% 12.2%
American Indian 0.9% 0.6%
Asian 0% 5.6%
Hawaiian 0% 0.2%
Multiracial 1.8% 2.8%
Hispanic 8.9% 18.2%
Other 0% 0.3%

HOUSEHOLD INCOME

HOUSEHOLD INCOME Winsted USA
Less than $10,000 16.3% 5.8%
$10,000 to $14,999 4.9% 4.1%
$15,000 to $24,999 6.9% 8.5%
$25,000 to $34,999 12.3% 8.6%
$35,000 to $49,999 9.8% 12.0%
$50,000 to $74,999 17.8% 17.2%
$75,000 to $99,999 11.9% 12.8%
$100,000 to $149,999 14.2% 15.6%
$150,000 to $199,999 4.2% 7.1%

EDUCATION

Education Winsted USA
< 9th Grade 4% 5.0%
9-12th Grade 5% 7.0%
High School or GED 41% 27.0%
Other College 20% 20.0%
Associate's Degree 9% 9%
Bachelor's Degree 13% 20.0%
Master's Degree 6% 9.0%
Professional Degree 1% 2.0%
Doctorate Degree 1% 1.0%
Winsted is a city in Connecticut state in USA with a population of 6504 residents.. The poverty rate of Winsted is 22.7%, which is 62% higher than national average. The typical household in Winsted earns $49848 a year, compared to the national median of $67,500. Financial hardship is relatively common in the city as 1 in every 4 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 6 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 50.2% of households earn less than $50,000 a year compared to 39% national rate. The unemployment rate of Winsted remained 6.8%, which is 45% higher than national rate. Nearly 1 times comparable to 4.7% national rate, according to the Census.

Cost of living in Winsted is 106, which is 6% higher than national average. In Winsted, only 21% of adults have a bachelor's degree and 29% have some college but no degree. Median home value in Winsted is $164900 , which is 28% lower than national average. While median income in Winsted remained $49848, which is 26% lower than national average.
Winsted Scorecard

Jobs60%

Housing80%

Affordability60%

Safety80%

Amenities80%

Diversity60%

Education70%

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