North Granby, CT is a vibrant town located in the beautiful Farmington Valley. This town is home to several small businesses, such as Granby Farms Dairy Store, Riverton Country Store, and Hartland Farms. The cost of living in North Granby is relatively low compared to other towns in the surrounding area. The average cost of rent for a two bedroom apartment in North Granby is $1,480 per month which is less than the average US rent for a two bedroom apartment at $1,430 per month. Additionally, grocery costs are higher than average with an index rating of 110 compared to 100 across the US. All in all, North Granby provides a strong economic base and comfortable living expenses for its residents.
North Granby has an unemployment rate of 8.6%. The US average is 6.0%.
North Granby 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 North Granby
- The Sales Tax Rate for North Granby is 6.4%. The US average is 7.3%.
- The Income Tax Rate for North Granby 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 North Granby
- The average income of a North Granby resident is $47,374 a year. The US average is $28,555 a year.
- The Median household income of a North Granby resident is $141,985 a year. The US average is $69,021 a year.