Noank, CT is a charming and unique village located on Long Island Sound in New London County. The town is known for its beautiful marinas, excellent seafood restaurants, and great views of the water. With a small population of just over 5,000 people, Noank has an intimate community vibe. The cost of living in Noank is slightly higher than the national average with 2 bedroom rent at $1,550 compared to 2 bedroom rent in the US at $1,430. Furthermore, grocery cost index in Noank is 105 versus 100 in the US. Residents enjoy many local businesses such as Mystic Seaport Museum which showcases maritime history, Jealous Monk Brewery which brews craft beer inspired by European styles and Slocum’s River Kayak Rentals which offers kayaking excursions through scenic riverside trails. Residents can also explore several parks and beaches including Bigelow Hollow State Park and Bluff Point State Park Reserve that offer great outdoor activities like fishing, biking and swimming. With so much to do and see it’s no wonder why Noank is becoming a popular place to live in Connecticut.
Noank has an unemployment rate of 9.2%. The US average is 6.0%.
Noank has seen the job market decrease by -10.1% 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 Noank
- The Sales Tax Rate for Noank is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Noank 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 Noank
- The average income of a Noank resident is $75,722 a year. The US average is $37,638 a year.
- The Median household income of a Noank resident is $147,500 a year. The US average is $69,021 a year.