Naugatuck borough, CT is a small suburban community located in New Haven County. It is home to some great local businesses such as Valley Restaurant & Bar, Koffee on the Hill, and Central Naugatuck Market. The average rent for a two bedroom apartment in Naugatuck borough is $1,390 which is significantly lower than the U.S. average of $1,430. Furthermore, the grocery cost index in Naugatuck borough is 104 compared to 100 in the US, meaning that food costs are slightly higher than the national average. Despite this increased cost of living compared to other areas of Connecticut, Naugatuck borough remains an affordable place to reside with many great amenities and attractions nearby.
Naugatuck has an unemployment rate of 8.8%. The US average is 6.0%.
Naugatuck has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 25.0%, which is lower than the US average of 33.5%.
Tax Rates for Naugatuck
- The Sales Tax Rate for Naugatuck is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Naugatuck 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 Naugatuck
- The average income of a Naugatuck resident is $30,491 a year. The US average is $28,555 a year.
- The Median household income of a Naugatuck resident is $86,900 a year. The US average is $69,021 a year.