Broad Brook, CT is a great place to live for those looking for an affordable option in New England. It has a 2 bedroom rent of $1,820 which is lower than the national average of $1,430. Additionally, Broad Brook boasts a grocery cost index of 106 which is higher than the US average. The prosperity of Broad Brook can be attributed to its strong local economy with companies like Eversource Energy Company and Illing Middle School providing employment opportunities for residents. With excellent services and great living conditions, it’s no surprise that Broad Brook is popular with locals and visitors alike.
Broad Brook has an unemployment rate of 8.6%. The US average is 6.0%.
Broad Brook has seen the job market decrease by -6.3% over the last year. Future job growth over the next ten years is predicted to be 29.1%, which is lower than the US average of 33.5%.
Tax Rates for Broad Brook
- The Sales Tax Rate for Broad Brook is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Broad Brook 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 Broad Brook
- The average income of a Broad Brook resident is $35,434 a year. The US average is $37,638 a year.
- The Median household income of a Broad Brook resident is $87,446 a year. The US average is $69,021 a year.