Colebrook, CT is a small town located in northern Connecticut. The cost of living is lower than the US average with a 2 bedroom rent at $1,350 per month compared to the national average of $1,430. Grocery costs are slightly higher due to a Grocery Cost Index of 105 versus 100 in the US. There are several local businesses that operate in Colebrook such as the Colebrook Country Store, Smith’s Bakery & Café, and Flowers by Donna.
Colebrook has an unemployment rate of 6.9%. The US average is 6.0%.
Colebrook has seen the job market decrease by -5.8% over the last year. Future job growth over the next ten years is predicted to be 25.5%, which is lower than the US average of 33.5%.
Tax Rates for Colebrook
- The Sales Tax Rate for Colebrook is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Colebrook 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 Colebrook
- The average income of a Colebrook resident is $53,369 a year. The US average is $37,638 a year.
- The Median household income of a Colebrook resident is $106,406 a year. The US average is $69,021 a year.