Woodbridge, CT is a great place to live with many amenities. The median 2 bedroom rent in Woodbridge is $1,900 compared to the U.S 2 bedroom average of $1,430 making it slightly more expensive than other areas. Grocery costs are also higher in Woodbridge with an index of 112 as opposed to the national average of 100. Although these costs are higher, they are offset by the convenient access to many local businesses such as Edgewood Pizza & Restaurant, Serafino's Italian Ristorante and Pizza, and Barnum Financial Group. With its abundance of shopping and dining options combined with reasonable living costs, Woodbridge is an attractive option for those looking for a new home.
Woodbridge has an unemployment rate of 5.4%. The US average is 6.0%.
Woodbridge 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 27.5%, which is lower than the US average of 33.5%.
Tax Rates for Woodbridge
- The Sales Tax Rate for Woodbridge is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Woodbridge 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 Woodbridge
- The average income of a Woodbridge resident is $61,717 a year. The US average is $28,555 a year.
- The Median household income of a Woodbridge resident is $171,652 a year. The US average is $69,021 a year.