Durham, CT is a lovely small town located in Middlesex County, Connecticut. It offers plenty of amenities for residents to enjoy including an abundance of local companies. For example, Durham's downtown area includes restaurants such as the Durham Pizza Tavern and the Durham Market Place. There are also stores such as Durham Pharmacy and Fiddlehead Farms, a local farm stand. In addition to great shops and restaurants, there are ample outdoor activities around town like hiking trails at Lyman Farm Nature Preserve and swimming at the Coginchaug River Valley State Park. The cost of living in Durham is relatively low compared to other areas nearby with 2 bedroom rent being $1,590 compared to the US average of $1,430, plus a grocery cost index of 108 versus 100 in the US overall. All in all, Durham is an excellent place to live with plenty of opportunities for fun and relaxation.
Durham has an unemployment rate of 5.0%. The US average is 6.0%.
Durham has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 29.8%, which is lower than the US average of 33.5%.
Tax Rates for Durham
- The Sales Tax Rate for Durham is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Durham 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 Durham
- The average income of a Durham resident is $49,767 a year. The US average is $28,555 a year.
- The Median household income of a Durham resident is $133,652 a year. The US average is $69,021 a year.