Shelton, CT is a great place to live in the United States with its low rent prices. The average 2-bedroom rental price in Shelton is $1,850 compared to the national average of $1,430. This makes it an attractive city for those on a budget. The grocery cost index in Shelton is 105 compared to 100 nationally, which means that overall food costs are higher than the national average. Additionally, there are plenty of employment opportunities in Shelton due to major companies such as Sikorsky Aircraft and American Cruise Lines being based here. Therefore, while residents may find groceries more expensive than other areas of the country, they benefit from lower rent prices and nearby job opportunities.
Shelton has an unemployment rate of 8.0%. The US average is 6.0%.
Shelton has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 27.4%, which is lower than the US average of 33.5%.
Tax Rates for Shelton
- The Sales Tax Rate for Shelton is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Shelton 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 Shelton
- The average income of a Shelton resident is $41,189 a year. The US average is $28,555 a year.
- The Median household income of a Shelton resident is $103,647 a year. The US average is $69,021 a year.