Baltic, CT is a charming town located in the New London area of Connecticut. It has a population of under two thousand, making it an ideal location for those looking for a smaller community to call home. The cost of living in Baltic is slightly higher than average, with 2 bedroom rents averaging $1,440 compared to the US average of $1,430. Grocery costs index in Baltic is also higher than the national average at 105 versus 100 in the US. There are plenty of local companies and amenities available to residents. From the War Memorial Park and local farmers market to shops such as Gray’s Convenient Store, there’s something for everyone in Baltic. There are also several restaurants and nightlife spots like Berto’s Pub & Grill that offer something fun for all ages.
Baltic has an unemployment rate of 9.2%. The US average is 6.0%.
Baltic has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 31.1%, which is lower than the US average of 33.5%.
Tax Rates for Baltic
- The Sales Tax Rate for Baltic is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Baltic 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 Baltic
- The average income of a Baltic resident is $24,951 a year. The US average is $28,555 a year.
- The Median household income of a Baltic resident is $76,964 a year. The US average is $69,021 a year.