Fenwick, CT is a small town located in the state of Connecticut. It has a vibrant economy with many local businesses ranging from restaurants to retail stores. The cost of living in Fenwick is higher than that of the United States as a whole, with an average two-bedroom rent of $2,210 compared to $1,430 nationally. Grocery costs are also slightly higher in Fenwick than they are nationwide, with an index reading of 110 versus 100 for the US. All in all, Fenwick proves to be a good place to live and work due to its strong business presence and relatively low unemployment rate.
Fenwick has an unemployment rate of 7.0%. The US average is 6.0%.
Fenwick has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 29.8%, which is lower than the US average of 33.5%.
Tax Rates for Fenwick
- The Sales Tax Rate for Fenwick is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Fenwick 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 Fenwick
- The average income of a Fenwick resident is $114,118 a year. The US average is $28,555 a year.
- The Median household income of a Fenwick resident is $117,500 a year. The US average is $69,021 a year.