New Hartford, CT Economy


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New Hartford, CT is a small town located in the state of Connecticut. It has a population of about 6,500 people. The rental cost for two bedroom apartments is relatively lower than the national average at $1,370 compared to $1,430 in the US. Additionally, grocery costs are 7% higher than the national average with an index of 107 versus 100 in the US. This makes New Hartford an attractive place for those looking for an affordable living space. Various local companies can be found in New Hartford such as Tuxis Corporation, Cintas Corporation, and SUKAG Manufacturing Incorporated. These businesses are great employers and offer excellent opportunities for residents of New Hartford.

New Hartford has an unemployment rate of 6.3%. The US average is 6.0%.

New Hartford has seen the job market decrease by -0.4% over the last year. Future job growth over the next ten years is predicted to be 25.5%, which is lower than the US average of 33.5%.

Tax Rates for New Hartford
- The Sales Tax Rate for New Hartford is 6.4%. The US average is 7.3%.
- The Income Tax Rate for New Hartford 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 New Hartford
- The average income of a New Hartford resident is $37,759 a year. The US average is $28,555 a year.
- The Median household income of a New Hartford resident is $100,156 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyNew Hartford, ConnecticutUnited States
  6.36
  -5.8%-6.2%
  25.5%33.5%
  6.4%6.2%
  5.0%4.6%
  $62,604$37,638
  $100,156$69,021
  $122,417$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  14.6%6.8%
  8.1%10.0%
  1.8%2.5%
  9.4%11.0%
  2.1%4.8%
  0.0%0.8%
  0.5%1.9%
  9.0%4.7%
  1.4%1.9%
  9.8%7.6%
  2.9%0.1%
  3.9%4.2%
  7.6%9.3%
  15.9%14.0%
  2.5%2.1%
  4.1%7.0%
  3.1%4.8%
  3.3%4.7%
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