Beacon Falls, CT is a wonderful place to live with plenty of amenities and easy access to nearby cities. The average rent for a two bedroom apartment in Beacon Falls is $1,710, which is much higher than the US average of $1,430. This higher rent is offset by the lower cost of groceries due to the Grocery Cost Index of 106 versus 100 in the US. There are many local companies in the area such as the Beacon Falls Pizza House, Tri-State Plumbing and Heating Supply Co., Beacon Falls Hardware & Supply Co., and Romeos Restaurant. All these local businesses make living in Beacon Falls an enjoyable experience.
Beacon Falls has an unemployment rate of 6.7%. The US average is 6.0%.
Beacon Falls 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 27.5%, which is lower than the US average of 33.5%.
Tax Rates for Beacon Falls
- The Sales Tax Rate for Beacon Falls is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Beacon Falls 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 Beacon Falls
- The average income of a Beacon Falls resident is $36,793 a year. The US average is $28,555 a year.
- The Median household income of a Beacon Falls resident is $90,804 a year. The US average is $69,021 a year.