Sharon, CT is a small town located in Litchfield County. It is known for its peaceful atmosphere and rural feel. The cost of living in Sharon, CT is slightly higher than the US average. Specifically, rent for a two bedroom apartment costs $1,630 compared to the US average of $1,430 and grocery costs index at 112 versus 100 in the US. It also has a variety of local businesses such as Sharon Country Store, Milltown Motorsports, and American Eagle Outfitters. All these factors make Sharon an ideal place for those looking to live in a cozy rural area with access to all the amenities one would need.
Sharon has an unemployment rate of 5.1%. The US average is 6.0%.
Sharon 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 Sharon
- The Sales Tax Rate for Sharon is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Sharon 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 Sharon
- The average income of a Sharon resident is $54,876 a year. The US average is $28,555 a year.
- The Median household income of a Sharon resident is $93,385 a year. The US average is $69,021 a year.