New Haven, CT Economy


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New Haven, CT is an up-and-coming city with a unique blend of urban and suburban living. The 2 bedroom rent in New Haven is higher than the US average, at $1,630 versus $1,430 respectively. Additionally, the grocery cost index here is 104 versus 100 in the US, making it a bit more expensive for daily groceries. New Haven offers a variety of companies for job seekers and entrepreneurs alike – some of the most notable being Yale University, Alexion Pharmaceuticals, Clarus Commerce and Starwood Hotels & Resorts. In comparison to other cities in the United States, New Haven provides its residents with a dynamic job landscape and diverse cultural scene that make it an attractive place to live.

New Haven has an unemployment rate of 9.7%. The US average is 6.0%.

New Haven has seen the job market decrease by -0.4% over the last year. Future job growth over the next ten years is predicted to be 27.3%, which is lower than the US average of 33.5%.

Tax Rates for New Haven
- The Sales Tax Rate for New Haven is 6.4%. The US average is 7.3%.
- The Income Tax Rate for New Haven 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 New Haven
- The average income of a New Haven resident is $23,796 a year. The US average is $28,555 a year.
- The Median household income of a New Haven resident is $48,973 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyNew Haven, ConnecticutUnited States
  Population by Occupation
Reviews for New Haven
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Over 11 years ago

In the greater New Haven area there are many options for a college  More

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Over 15 years ago

I am thinking of relocating to New Haven, Ct. but am concerned about the high crime rating. Any thoughts?  More

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Over 16 years ago

Due to New Haven, CT great location between New York and Boston, educational opportunities, cultural and recreational activities on Long Island Sound and relatively mild  More

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