Litchfield, NY is a small town located in the central area of New York State. It is home to a variety of businesses, such as the Litchfield County Bank, the Litchfield Country Store, and the Old Litchfield Inn. The median rent for two bedrooms apartments in Litchfield is significantly lower than the national average at $920 versus $1,430. Also the grocery cost index is 99 versus 100 which makes it a great place to live for those on a budget. The town also offers plenty of activities like camping in nearby state parks, birdwatching, fishing and more.
Litchfield has an unemployment rate of 8.3%. The US average is 6.0%.
Litchfield has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 21.0%, which is lower than the US average of 33.5%.
Tax Rates for Litchfield
- The Sales Tax Rate for Litchfield is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Litchfield is 6.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Litchfield
- The average income of a Litchfield resident is $32,000 a year. The US average is $28,555 a year.
- The Median household income of a Litchfield resident is $76,324 a year. The US average is $69,021 a year.