Hartford, CT Economy


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Hartford, CT is a great place to live and work with plenty of amenities. The rent for a two bedroom apartment in Hartford is relatively affordable when compared to the US average of $1,430 per month. Additionally, the Grocery Cost Index in Hartford is slightly higher than the national average at 103 versus 100 respectively. This reflects the quality of life that local residents can enjoy in Connecticut's capital city. In addition to a vibrant food scene, Hartford boasts some well-known companies such as United Technologies, Aetna Insurance Company, Travelers Insurance Company, and Hartford Hospital. These companies offer excellent employment opportunities for locals and contribute to making Hartford a great place to live and work.

Hartford has an unemployment rate of 14.0%. The US average is 6.0%.

Hartford 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 24.3%, which is lower than the US average of 33.5%.

Tax Rates for Hartford
- The Sales Tax Rate for Hartford is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Hartford 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 Hartford
- The average income of a Hartford resident is $16,813 a year. The US average is $28,555 a year.
- The Median household income of a Hartford resident is $37,477 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyHartford, ConnecticutUnited States
  Population by Occupation
Reviews for Hartford
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Over 2 years ago

I love Hartford. Any naysayer is not appreciating the very real and new energy that is revitalizing the city. In conjunction with a wonderful location, relatively mild  More

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Marg · 
Over 3 years ago

Surprised by the low  More

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I lived in CT for about 7 years, and this place is depressing, lonely, and boring. My only entertainment in Hartford, were the Library branches for books and movies. The  More

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