Kensington, CT is a small town located in the eastern part of Connecticut. It is known for its charming downtown area with a variety of shops and restaurants. The median 2 bedroom rent in Kensington, CT is $1,490 which is higher than the US average at $1,430. The grocery cost index in Kensington is 108 versus 100 in the US which reflects higher costs for consumable items compared to the national average. Local companies include Wilcox Bicycles, Kent Coffee & Chocolate Company, and Monticello Vineyards & Winery. Overall the cost of living in Kensington is above average due to higher rental rates and more expensive groceries.
Kensington has an unemployment rate of 8.6%. The US average is 6.0%.
Kensington 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 29.1%, which is lower than the US average of 33.5%.
Tax Rates for Kensington
- The Sales Tax Rate for Kensington is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Kensington 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 Kensington
- The average income of a Kensington resident is $39,874 a year. The US average is $28,555 a year.
- The Median household income of a Kensington resident is $89,810 a year. The US average is $69,021 a year.