Hampton, CT is an ideal place to live due to its affordability. The average 2 bedroom rent in Hampton is $1,650 which is lower than the US average of $1,430. Additionally, the Grocery Cost Index in Hampton is 5 points higher than the US at 105. This means living costs are relatively low in Hampton compared to other places around the country. There are many local companies that call Hampton home such as Middlesex Hospital, Terex Corporation, and CIGNA Healthcare. All of these businesses are integral parts of making Hampton an attractive place to live and work.
Hampton has an unemployment rate of 6.6%. The US average is 6.0%.
Hampton has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 31.4%, which is lower than the US average of 33.5%.
Tax Rates for Hampton
- The Sales Tax Rate for Hampton is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Hampton 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 Hampton
- The average income of a Hampton resident is $37,046 a year. The US average is $28,555 a year.
- The Median household income of a Hampton resident is $92,143 a year. The US average is $69,021 a year.