Canton, CT is a small town in Hartford County with a population of 8,843 as of 2020. Rent for 2 bedroom apartments here is slightly higher than the US average at $1,490 versus $1,430 nationwide. Despite the slightly higher rent costs, living in Canton has its advantages as grocery costs are relatively low here at an index of 108 compared to 100 nationally.
Canton is home to many notable companies such as The Stanley Works, Collins Aerospace Systems, New York Times bestseller author Lisa Genova and others. It's also recognized for its annual Summer Festival which celebrates local artisans and craftsman. With its small town vibe and close ties to Connecticut's larger cities, Canton is an ideal place to live for those seeking both convenience and community.
Canton has an unemployment rate of 6.5%. The US average is 6.0%.
Canton 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 30.7%, which is lower than the US average of 33.5%.
Tax Rates for Canton
- The Sales Tax Rate for Canton is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Canton 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 Canton
- The average income of a Canton resident is $48,460 a year. The US average is $28,555 a year.
- The Median household income of a Canton resident is $100,000 a year. The US average is $69,021 a year.