Old Lyme, CT is a beautiful coastal town located in New England. It offers many amenities for its residents, including easy access to beaches and outdoor recreation areas. Additionally, Old Lyme is home to several notable companies such as American Cruise Lines and Lymes' Own Market. Furthermore, it is a popular destination for tourists due to its unique attractions such as the Florence Griswold Museum and the Connecticut Audubon Society Ecological Center. It's also great for renters because the two bedroom rent rate in Old Lyme is relatively low at $1,760 compared to the national average of $1,430. Finally, grocery costs in Old Lyme are slightly higher than the national average which stands at 112 versus 100 respectively. All these factors make Old Lyme an ideal town for living or visiting!
Old Lyme has an unemployment rate of 7.7%. The US average is 6.0%.
Old Lyme has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 31.1%, which is lower than the US average of 33.5%.
Tax Rates for Old Lyme
- The Sales Tax Rate for Old Lyme is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Old Lyme 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 Old Lyme
- The average income of a Old Lyme resident is $49,536 a year. The US average is $28,555 a year.
- The Median household income of a Old Lyme resident is $113,889 a year. The US average is $69,021 a year.