Lyme, CT Economy


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Lyme, CT is a quiet coastal town located in Connecticut. It is known for its rich history, stunning views of the Long Island Sound, and charming small-town atmosphere. It offers many amenities like local restaurants, shops, parks, and marinas. It is also home to some well-known companies such as William Glass & Co., L&M Marine, and The Lyme Lobster Shack. For those looking for an outdoor adventure or peaceful stroll through town there are plenty of attractions to choose from such as Hammonasset Beach State Park, Dennis Hill State Park and various hiking trails throughout the area. Lyme has something for everyone to enjoy with its picturesque scenery, historic sites, and abundance of activities available.

Lyme has an unemployment rate of 6.2%. The US average is 6.0%.

Lyme has seen the job market decrease by -10.6% 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 Lyme
- The Sales Tax Rate for Lyme is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Lyme 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 Lyme
- The average income of a Lyme resident is $76,154 a year. The US average is $37,638 a year.
- The Median household income of a Lyme resident is $111,534 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyLyme, ConnecticutUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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