Sterling, CT Economy


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Sterling, CT is a small town located in the eastern part of Connecticut. It has a population of approximately 6,200 people and is known for its rural charm and close-knit community. The 2 bedroom rent in Sterling, CT is $1,470, while it might be slightly higher than the US average of $1,430, the grocery cost index is 105 compared to 100 in other parts of the US. This makes it an attractive place to live for those looking for low living costs.
The town also boasts several interesting local companies such as Alloy Property Management LLC which offers comprehensive property management services to customers. It also houses a variety of small businesses like Rustic Country Store & Garden Center which provides unique products from all over Connecticut. Other notable local businesses include Donahue Insurance Agency Inc., Sterling Auto Body Inc., and Kent Quality Foods LLC.
Sterling, CT is an ideal place to call home; with its beautiful natural scenery, friendly neighborhood atmosphere and affordable living costs, it's no wonder why so many people choose this quaint little town for their residence.

Sterling has an unemployment rate of 9.5%. The US average is 6.0%.

Sterling has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 31.4%, which is lower than the US average of 33.5%.

Tax Rates for Sterling
- The Sales Tax Rate for Sterling is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Sterling 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 Sterling
- The average income of a Sterling resident is $26,516 a year. The US average is $28,555 a year.
- The Median household income of a Sterling resident is $86,394 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySterling, ConnecticutUnited States
  9.56
  -7.2%-6.2%
  31.4%33.5%
  6.4%6.2%
  5.0%4.6%
  $32,310$37,638
  $86,394$69,021
  $87,212$85,028
  Population by Occupation
  0.8%1.2%
  0.4%0.5%
  10.4%6.8%
  10.7%10.0%
  2.1%2.5%
  9.0%11.0%
  4.8%4.8%
  2.1%0.8%
  0.5%1.9%
  6.2%4.7%
  2.7%1.9%
  4.2%7.6%
  0.0%0.1%
  7.0%4.2%
  9.9%9.3%
  9.6%14.0%
  2.1%2.1%
  7.4%7.0%
  3.9%4.8%
  6.2%4.7%
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