Cornwall, CT is a small town located in Litchfield County, Connecticut. It offers residents an affordable cost of living with the average 2 bedroom rent being $1,730 and a grocery cost index of 112 vs 100 in the US. This offers locals a great quality of life. The town has something for everyone; from outdoor activities like hiking and camping to local businesses including The Hilltop Orchards Market, Wild Mountain Farm & Table and White Silo Winery & Farm Market. Cornwall also has great education opportunities with Cornwall Consolidated School and Northwestern Regional High School offering both public schooling along with private educational options such as the Cornwall Bible Church Academy.
Cornwall has an unemployment rate of 5.5%. The US average is 6.0%.
Cornwall 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 25.5%, which is lower than the US average of 33.5%.
Tax Rates for Cornwall
- The Sales Tax Rate for Cornwall is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Cornwall 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 Cornwall
- The average income of a Cornwall resident is $45,267 a year. The US average is $28,555 a year.
- The Median household income of a Cornwall resident is $95,089 a year. The US average is $69,021 a year.