Jewett City, Connecticut is an interesting small community located in the southern part of the state. It is known for its low cost of living and access to excellent amenities. Located near the Thames River, Jewett City offers many outdoor activities for its residents to enjoy. Businesses such as Groton Electric Light Company and Electric Boat Corporation have operations in Jewett City providing jobs for many locals. The town also features a variety of shopping centers, restaurants, and other businesses to meet the needs of area residents. Renting a two bedroom apartment in Jewett City costs around $1,350 which is much lower than the national average rent price of $1,430. Additionally, Jewett City has a grocery cost index that is 5 points higher than the national index, making it a great place for budget-conscious shoppers.
Jewett City has an unemployment rate of 9.2%. The US average is 6.0%.
Jewett City has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 31.1%, which is lower than the US average of 33.5%.
Tax Rates for Jewett City
- The Sales Tax Rate for Jewett City is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Jewett City 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 Jewett City
- The average income of a Jewett City resident is $19,898 a year. The US average is $28,555 a year.
- The Median household income of a Jewett City resident is $44,324 a year. The US average is $69,021 a year.