Torrington, CT Metro Area is a great place to live due to its low rent and grocery cost. According to the data provided, the average 2 bedroom rent in Torrington is $1,380 which is significantly lower than the US average of $1,430. Additionally, the Grocery Cost Index is 108 in Torrington versus 100 in the US. This means that groceries are even cheaper in Torrington compared to other places in the United States. The area also has a wide range of businesses and local companies such as Torrington Supply Company, Scott's Automotive Repair Service Inc., and Allied Physical Therapy & Wellness Center. Residents can also avail of unique services offered by these businesses such as reliable plumbing services and home improvement supply shops. All these factors make Torrington an attractive destination for people looking for a budget-friendly place to live.
Torrington Metro Area has an unemployment rate of 9.6%. The US average is 6.0%.
Torrington Metro Area has seen the job market decrease by -1.2% over the last year. Future job growth over the next ten years is predicted to be 17.6%, which is lower than the US average of 33.5%.
Tax Rates for Torrington Metro Area
- The Sales Tax Rate for Torrington Metro Area is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Torrington Metro Area 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 Torrington Metro Area
- The average income of a Torrington Metro Area resident is $37,696 a year. The US average is $28,555 a year.
- The Median household income of a Torrington Metro Area resident is $84,797 a year. The US average is $69,021 a year.