New Preston, CT is an idyllic small town located in the beautiful Litchfield Hills of Connecticut. It has a population of less than 2,000 people and offers its residents a peaceful lifestyle with stunning natural surroundings. Rent for a two-bedroom apartment in New Preston is slightly higher than the US average at $1,630 compared to $1,430. Similarly, the Grocery Cost Index in New Preston is 112 versus 100 on average for the US. Despite this slightly higher cost of living, New Preston has plenty of local businesses such as The Smithy Store which offers a variety of home goods and boutique items and Diversified Design Builders which provides construction services for residential and commercial buildings. In all, New Preston remains an attractive community to live in due to its charming atmosphere and closeknit community spirit.
New Preston has an unemployment rate of 7.9%. The US average is 6.0%.
New Preston 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 Preston
- The Sales Tax Rate for New Preston is 6.4%. The US average is 7.3%.
- The Income Tax Rate for New Preston 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 Preston
- The average income of a New Preston resident is $43,832 a year. The US average is $28,555 a year.
- The Median household income of a New Preston resident is $107,500 a year. The US average is $69,021 a year.