Wallingford, CT Economy


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Wallingford, CT is a charming small town filled with quaint shops, delicious restaurants, and gorgeous nature trails. It's relatively close to both New York City and Boston, making it an ideal location for people who want to enjoy the convenience of nearby cities while still living in a quieter area. Rent for a two-bedroom apartment in Wallingford is slightly higher than average at $1,560 compared to the US average of $1,430. The Grocery Cost Index in Wallingford is also higher than the national average, coming in at 106 versus 100 across the US. Some well-known businesses located in Wallingford include APEX Electrical Supply and FuelCell Energy. Visitors and residents alike can take advantage of many local attractions including Choate Rosemary Hall Museum & Archives, Lyman Orchards Golf Club, and Eli Whitney Museum. With its diverse offerings of entertainment and activities available year-round, Wallingford is truly an amazing place to live or visit.

Wallingford has an unemployment rate of 6.6%. The US average is 6.0%.

Wallingford has seen the job market decrease by -0.4% over the last year. Future job growth over the next ten years is predicted to be 29.2%, which is lower than the US average of 33.5%.

Tax Rates for Wallingford
- The Sales Tax Rate for Wallingford is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Wallingford is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Wallingford
- The average income of a Wallingford resident is $37,009 a year. The US average is $28,555 a year.
- The Median household income of a Wallingford resident is $88,573 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWallingford, ConnecticutUnited States
  6.66
  -4.9%-6.2%
  29.2%33.5%
  6.4%6.2%
  5.0%4.6%
  $44,813$37,638
  $88,573$69,021
  $110,721$85,028
  Population by Occupation
  0.2%1.2%
  0.1%0.5%
  7.6%6.8%
  11.4%10.0%
  3.1%2.5%
  10.0%11.0%
  3.5%4.8%
  0.7%0.8%
  2.4%1.9%
  5.2%4.7%
  1.5%1.9%
  6.7%7.6%
  0.1%0.1%
  3.2%4.2%
  11.7%9.3%
  15.5%14.0%
  1.6%2.1%
  7.7%7.0%
  4.7%4.8%
  3.1%4.7%
Reviews for Wallingford
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Explore Wallingford, CT: A hidden gem nestled amidst nature’s beauty, boasting low crime rates, good schools, and a thriving real estate market. Embrace the convenience  More

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Wallingford is a very nice Connecticut suburban town. It has the charm of a great New England community with easy access to major metropolitan areas; the town offers  More

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Over 9 years ago

Wallingford has such a nice charm to it! Wallingford's housing has built up a lot over the past decade. There are so many newly built luxury homes. The education system  More

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