Winsted, CT
Population 7,074 · Connecticut
About Winsted, CT
Winsted is a small town located in Connecticut with a population of 7,074 residents according to the latest US Census Bureau American Community Survey data. The median household income is $66,058 per year, which is 12% below the national median of $75,149. The median age of 41.6 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Winsted features a median home value of $214,000, which is 13% below the national median of $244,900. This positions Winsted in a moderately priced market relative to the rest of the country. Median monthly rent is $1,193, 3% above the national average of $1,163/month. Of the 3,952 total housing units, 53% are owner-occupied (1,857 units) and 47% are renter-occupied (1,675 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Winsted shows an unemployment rate of 5.5%, which is near the national rate of 3.7%. The poverty rate stands at 18.4%, above the national average of 12.4%. Workers in Winsted have an average one-way commute time of 27 minutes.
Education & Demographics
24.9% of Winsted residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 3.1% White, 1.5% Hispanic or Latino, 1.7% Black or African American, and 5.9% Asian residents, with 7.8% of the population being foreign-born.
How Winsted Ranks in Connecticut
Cost of Living in Winsted, CT
Compared to national averages, Winsted has a median household income of $66,058 (12% below the national median of $75,149). Home values average $214,000, which is 13% below the national median. Monthly rent at $1,193 is 3% above the US average of $1,163. Within Connecticut, Winsted's income is 46% below the state average of $123,065, and home values are 59% below the state median of $516,920.
Why Live in Winsted, CT?
Winsted offers affordable housing with a median home value of $214,000, below the US average of $244,900.
Potential considerations include median household income ($66,058) that falls below the national average. However, Winsted’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Winsted has a population of 7,074 with a median age of 41.6 years. Compare Winsted with other cities to see how it stacks up, or explore all cities in Connecticut.
Similar Cities Near Winsted
Cities in Connecticut with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Ridgefield | 7,103 | $143,286 | $843,200 | Compare |
| New Canaan | 7,032 | $163,355 | $1,115,600 | Compare |
| Putnam | 7,120 | $63,209 | $236,000 | Compare |
| Staples | 6,985 | $218,365 | $1,202,800 | Compare |
| Old Greenwich | 6,904 | $250,001 | $1,668,200 | Compare |
| Cos Cob | 7,354 | $176,602 | $1,149,500 | Compare |
| Thompsonville | 7,473 | $71,714 | $235,200 | Compare |
| Rockville | 6,657 | $51,607 | $192,500 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Connecticut
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Winsted With Other Cities
Frequently Asked Questions about Winsted
What is the population of Winsted, CT?
The population of Winsted, CT is 7,074 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Connecticut.
What is the median household income in Winsted?
The median household income in Winsted, CT is $66,058 per year, which is 12% below the national median of $75,149.
What is the median home value in Winsted?
The median home value in Winsted, CT is $214,000, which is 13% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Winsted?
The median monthly rent in Winsted, CT is $1,193, which is 3% above the national average of $1,163/month.
What is the unemployment rate in Winsted?
The unemployment rate in Winsted, CT is 5.5%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Winsted, CT a good place to live?
Winsted offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 7,074 and a median age of 41.6, the city appeals to a broad range of residents.
How educated is Winsted, CT?
24.9% of residents in Winsted aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Winsted?
Key cost-of-living indicators for Winsted, CT: median home value is $214,000 (13% below national), median rent is $1,193/month, and median household income is $66,058. The home-value-to-income ratio is 3.2x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Winsted?
The poverty rate in Winsted, CT is 18.4%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Winsted, CT?
Winsted's population is 3.1% White, 1.5% Hispanic or Latino, 1.7% Black or African American, 5.9% Asian, and 2.6% two or more races. 7.8% of residents are foreign-born.