Terryville, CT Economy


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Terryville, CT is an ideal location for those looking for a cost-effective and comfortable lifestyle. With a two-bedroom rent of $1,490 compared to the US average of $1,430, it offers potential renters reasonable rental costs. Plus the grocery cost index in Terryville is 104 versus 100 in the US making grocery shopping more economical. \nIt is home to local businesses such as Central Manufacturing Technologies, Bristol Hospital, Wheeler Clinic, and Orchid Orthopedic Solutions. The town also features easy access to outdoor recreational activities such as camping at Lake Winfield or fishing at Hop River State Park Trail. Overall its prime location and affordable living make Terryville a great place to consider when looking for a new place to call home.

Terryville has an unemployment rate of 7.9%. The US average is 6.0%.

Terryville 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 25.5%, which is lower than the US average of 33.5%.

Tax Rates for Terryville
- The Sales Tax Rate for Terryville is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Terryville 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 Terryville
- The average income of a Terryville resident is $30,552 a year. The US average is $28,555 a year.
- The Median household income of a Terryville resident is $65,281 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyTerryville, ConnecticutUnited States
  7.96
  -6.4%-6.2%
  25.5%33.5%
  6.4%6.2%
  5.0%4.6%
  $39,307$37,638
  $65,281$69,021
  $90,375$85,028
  Population by Occupation
  0.2%1.2%
  0.0%0.5%
  11.9%6.8%
  17.3%10.0%
  1.6%2.5%
  12.8%11.0%
  1.3%4.8%
  0.6%0.8%
  0.3%1.9%
  5.1%4.7%
  0.8%1.9%
  3.0%7.6%
  0.0%0.1%
  2.5%4.2%
  6.1%9.3%
  15.1%14.0%
  3.4%2.1%
  9.7%7.0%
  3.8%4.8%
  4.5%4.7%
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