Haddam, CT is a pleasant town situated in the northeastern part of the state. It offers a number of amenities to its citizens, including affordable rental prices for two-bedroom apartments. The average rent for a two-bedroom apartment in Haddam is $1,360, which is significantly lower than the US average of $1,430. Additionally, groceries are relatively cheaper in Haddam than they are elsewhere—the Grocery Cost Index in the area stands at 108 compared to 100 across the country. Local companies include Wethersfield Pharmacy, Haddam Electric Co., and Handy Dan's Hardware Store. These businesses provide goods and services to citizens of Haddam and add to the vibrancy and vitality of the local community.
Haddam has an unemployment rate of 5.9%. The US average is 6.0%.
Haddam 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 Haddam
- The Sales Tax Rate for Haddam is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Haddam 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 Haddam
- The average income of a Haddam resident is $44,400 a year. The US average is $28,555 a year.
- The Median household income of a Haddam resident is $120,247 a year. The US average is $69,021 a year.