Portland, CT is a small town located in Connecticut with a population of about 8,000. It is an ideal location for families and professionals seeking affordable housing and access to local amenities. The median two-bedroom rent is $1,410 compared to the national average of $1,430. Additionally, the Grocery Cost Index in Portland, CT is 106 versus 100 in the US making it a more affordable option than many other places.
Portland has plenty of unique businesses that offer exciting opportunities for jobs and entertainment. Notable employers include Pratt & Whitney Aircraft Engines, Connecticut Limo Company, First Niagara Bank, RDL Electronics Inc., Storrs Auto Body & Towing Inc., and Wellmore Behavioral Health Services. In addition to these companies there are also several restaurants and attractions like the Lyman Orchards Corn Maze and Apple Barrel Market that draw visitors from near and far.
Portland has an unemployment rate of 7.0%. The US average is 6.0%.
Portland has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 29.8%, which is lower than the US average of 33.5%.
Tax Rates for Portland
- The Sales Tax Rate for Portland is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Portland 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 Portland
- The average income of a Portland resident is $42,972 a year. The US average is $28,555 a year.
- The Median household income of a Portland resident is $107,034 a year. The US average is $69,021 a year.