Preston, CT is a beautiful town located in New London County. It is an ideal location for those who are looking for a peaceful place to live. Rent in Preston, CT is slightly higher than the US rent average at $1,680 for 2 bedroom apartments but it remains relatively affordable compared to other towns. Grocery costs are also slightly higher than the US average despite being under the national index at 106 versus 100. Some of the local companies in Preston include Eagle Technology Systems Inc., Corbin Design and Landscape, and The Country Carpet & Upholstery Co. These businesses help make Preston an attractive and vibrant community that offers plenty of economic opportunities and amenities to its residents.
Preston has an unemployment rate of 9.3%. The US average is 6.0%.
Preston 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 Preston
- The Sales Tax Rate for Preston is 6.4%. The US average is 7.3%.
- The Income Tax Rate for 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 Preston
- The average income of a Preston resident is $33,891 a year. The US average is $28,555 a year.
- The Median household income of a Preston resident is $95,553 a year. The US average is $69,021 a year.