Tolland, CT is a town located in the state of Connecticut with a population of over 15,000 people. It is a great place to live because it has a few large companies such as Pratt and Whitney and Xerox that provide plenty of job opportunities. The cost of living in Tolland is relatively high when compared to other parts of the country; for example, 2 bedroom rent is $1,880 here versus $1,430 in the US. Similarly, grocery costs are 106 on the index compared to 100 elsewhere in the US. All in all Tolland is an excellent place to live with its vibrant economy and convenient location near major cities like Hartford and Boston.
Tolland has an unemployment rate of 5.9%. The US average is 6.0%.
Tolland has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 30.9%, which is lower than the US average of 33.5%.
Tax Rates for Tolland
- The Sales Tax Rate for Tolland is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Tolland 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 Tolland
- The average income of a Tolland resident is $45,519 a year. The US average is $28,555 a year.
- The Median household income of a Tolland resident is $121,120 a year. The US average is $69,021 a year.