\nMontville, CT is a small town located in New London County. It offers plenty of amenities to its residents, such as low rental costs and grocery costs that are slightly lower than the national average. A two bedroom apartment in Montville, CT only costs $1,370 compared to the national average of $1,430. The grocery cost index in Montville is 105 versus 100 in the US. Notable local companies include Kaman Corporation which produces aerospace and industrial products, Schuster Industries which provides engineering solutions for customers across multiple industries, and TSI Precast specializing in precast concrete products. These business offer career opportunities to the local community along with economic stability.
Montville has an unemployment rate of 8.9%. The US average is 6.0%.
Montville has seen the job market decrease by -10.5% over the last year. Future job growth over the next ten years is predicted to be 30.8%, which is lower than the US average of 33.5%.
Tax Rates for Montville
- The Sales Tax Rate for Montville is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Montville 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 Montville
- The average income of a Montville resident is $37,615 a year. The US average is $37,638 a year.
- The Median household income of a Montville resident is $84,246 a year. The US average is $69,021 a year.