Cromwell, CT is a small town located in the center of Connecticut. It has a population of just over 13,000 people, which makes it a great place for those looking for a quieter atmosphere. The rental cost for two-bedroom apartments here is at $1,520 per month, which is just slightly higher than the national average of $1,430 per month. The grocery cost index in Cromwell is also higher than the national average at 105 versus 100 in the US. Some major local companies that operate within Cromwell include Dormans Food Market and Prudential Financial Services. Despite its higher living costs compared to other parts of the country, Cromwell remains an attractive option for many people who are seeking that small-town atmosphere with easy access to larger cities nearby.
Cromwell has an unemployment rate of 6.8%. The US average is 6.0%.
Cromwell 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 29.9%, which is lower than the US average of 33.5%.
Tax Rates for Cromwell
- The Sales Tax Rate for Cromwell is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Cromwell 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 Cromwell
- The average income of a Cromwell resident is $39,178 a year. The US average is $28,555 a year.
- The Median household income of a Cromwell resident is $94,468 a year. The US average is $69,021 a year.