Stonington, CT is a small town located in the northeast, offering picturesque New England landscapes that draw many visitors each year. It's home to a variety of local businesses and attractions such as Mystic Aquarium & Institute for Exploration, Denison Pequotsepos Nature Center, and The Submarine Force Museum. Rent for a two-bedroom apartment in Stonington is about $1,470 which is slightly higher than the national average of $1,430. Groceries also cost slightly more in Stonington than the average US city with a grocery cost index of 108 compared to 100 nationally. Despite the higher costs, Stonington is a great place to live with its scenic views and numerous attractions.
Stonington has an unemployment rate of 9.2%. The US average is 6.0%.
Stonington 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 Stonington
- The Sales Tax Rate for Stonington is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Stonington 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 Stonington
- The average income of a Stonington resident is $44,599 a year. The US average is $28,555 a year.
- The Median household income of a Stonington resident is $90,718 a year. The US average is $69,021 a year.