Old Saybrook, CT is a charming coastal community nestled between the Long Island Sound and the Connecticut River. Known for its beautiful beaches and quaint downtown area, Old Saybrook is home to over 10,000 residents as of 2019. The cost of living in Old Saybrook is slightly higher than the US average due to higher rent costs for 2 bedroom apartments ($2,210 compared to $1,430) as well as a higher grocery cost index (110 versus 100). Despite this increased cost of living, Old Saybrook is still an attractive place to live due to its many amenities and vibrant local businesses. Popular companies in the area include Stop & Shop Supermarket, Hallman Auto Group, L&M Hospital and Shoreline Financial Corporation.
Old Saybrook has an unemployment rate of 7.0%. The US average is 6.0%.
Old Saybrook has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 29.2%, which is lower than the US average of 33.5%.
Tax Rates for Old Saybrook
- The Sales Tax Rate for Old Saybrook is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Old Saybrook 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 Old Saybrook
- The average income of a Old Saybrook resident is $44,251 a year. The US average is $28,555 a year.
- The Median household income of a Old Saybrook resident is $95,795 a year. The US average is $69,021 a year.