North Branford, CT Economy

North Branford, CT is a great place to call home. Located in New Haven County, North Branford offers its residents an array of amenities including a variety of local companies like Monet Management Group, Olde Towne Shopping Center and Northwood Appliances. The cost of living in North Branford is higher than the national rate, with an average two bedroom rental costing $1,790 compared to the US average of $1,430. Grocery costs are also higher at 107 on the index compared to 100 for the US. Despite this, many find that they receive better value for their money when calling North Branford home.

North Branford has an unemployment rate of 7.2%. The US average is 6.0%.

North Branford 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 29.3%, which is lower than the US average of 33.5%.

Tax Rates for North Branford
- The Sales Tax Rate for North Branford is 6.4%. The US average is 7.3%.
- The Income Tax Rate for North Branford 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 North Branford
- The average income of a North Branford resident is $42,058 a year. The US average is $28,555 a year.
- The Median household income of a North Branford resident is $101,463 a year. The US average is $69,021 a year.

Income by Population Percent

Economy	North Branford, Connecticut	United States
	7.2	6
	-4.9%	-6.2%
	29.3%	33.5%
	6.4%	6.2%
	5.0%	4.6%
	$52,650	$37,638
	$101,463	$69,021
	$132,982	$85,028
Population by Occupation
	0.7%	1.2%
	0.0%	0.5%
	12.6%	6.8%
	11.9%	10.0%
	4.5%	2.5%
	11.9%	11.0%
	1.9%	4.8%
	3.8%	0.8%
	2.2%	1.9%
	5.1%	4.7%
	0.3%	1.9%
	5.4%	7.6%
	0.0%	0.1%
	0.6%	4.2%
	10.3%	9.3%
	11.2%	14.0%
	2.8%	2.1%
	5.8%	7.0%
	6.3%	4.8%
	2.7%	4.7%