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Gales Ferry, CT Economy
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United States
/
Connecticut
/
Norwich-New London Metro Area
/
New London County
/ Gales Ferry /
Zip Codes
EXPLORE GALES FERRY
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Gales Ferry, Connecticut is a small town located in the southeastern part of the state. It has a unique history associated with its location on the Thames River. It was initially known as an area for shipbuilding and whaling activities due to its proximity to the river. Today, Gales Ferry offers a number of attractions such as the historic Latimer Point State Park, ArtSpace Gallery, and Cable Car Cinema. Residents also have access to a variety of shopping and dining options including C&C Markets, Walmart Supercenter, Subway Sandwich Shop, and Dunkin Donuts. The cost of living in Gales Ferry is higher than the US average with rent for two-bedroom apartments averaging at $1,620 compared to $1,430 nationally while grocery costs index at 106 versus 100 nationwide.
Income by Population Percent
Economy
Gales Ferry, Connecticut
United States
Unemployment Rate
9.2
6
Recent Job Growth
-10.1%
-6.2%
Future Job Growth
31.1%
33.5%
Sales Taxes
6.4%
6.2%
Income Tax
5.0%
4.6%
Income per Cap.
$27,622
$37,638
Household Income
69021
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