Berlin, CT is an ideal place to live due to its affordability. The median 2 bedroom rent in Berlin is $1,490 whereas the US median 2 bedroom rent is $1,430. Additionally, grocery costs are indexed at 108 versus 100 in the US. Berlin also has plenty of local businesses such as C&S Wholesale Grocers, Walmart Supercenter, Pratt & Whitney Aircraft Engines, and the Family Dollar Store that make it convenient for its citizens. Therefore, when comparing Berlin to the US as a whole one can see that Berlin is more affordable while still providing important amenities for its citizens.
Berlin has an unemployment rate of 7.0%. The US average is 6.0%.
Berlin 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 30.4%, which is lower than the US average of 33.5%.
Tax Rates for Berlin
- The Sales Tax Rate for Berlin is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Berlin 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 Berlin
- The average income of a Berlin resident is $40,172 a year. The US average is $28,555 a year.
- The Median household income of a Berlin resident is $101,853 a year. The US average is $69,021 a year.