Woodmont, CT Economy

Woodmont, CT is a vibrant community located in Fairfield County that has a lot to offer. This town is home to numerous local companies such as Woodmont Pizza, Hillside Cafe, and Dunkin' Donuts. The cost of living in Woodmont is slightly higher than the US average, with 2-bedroom rental prices coming in at $2,070 and a grocery cost index of 108 versus 100 across the country. Nevertheless, it is still an affordable place to live with plenty of recreational activities nearby.

Woodmont has an unemployment rate of 8.5%. The US average is 6.0%.

Woodmont 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 Woodmont
- The Sales Tax Rate for Woodmont is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Woodmont 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 Woodmont
- The average income of a Woodmont resident is $41,177 a year. The US average is $28,555 a year.
- The Median household income of a Woodmont resident is $91,667 a year. The US average is $69,021 a year.

Income by Population Percent

Economy	Woodmont, Connecticut	United States
	8.5	6
	-5.7%	-6.2%
	27.5%	33.5%
	6.4%	6.2%
	5.0%	4.6%
	$62,005	$37,638
	$91,667	$69,021
	$150,833	$85,028
Population by Occupation
	0.0%	1.2%
	0.0%	0.5%
	5.6%	6.8%
	16.4%	10.0%
	0.6%	2.5%
	5.5%	11.0%
	2.5%	4.8%
	0.1%	0.8%
	3.3%	1.9%
	5.1%	4.7%
	3.6%	1.9%
	9.0%	7.6%
	0.0%	0.1%
	2.6%	4.2%
	15.5%	9.3%
	15.1%	14.0%
	4.0%	2.1%
	4.5%	7.0%
	1.5%	4.8%
	4.9%	4.7%