Waterbury, CT is a great place to live. The city offers a variety of different amenities such as convenient transportation, excellent schools, and plenty of parks and green spaces. In addition, the cost of living in Waterbury is generally lower than the US average. The 2 Bedroom Rent in Waterbury is $1,340 compared to $1,430 in the US. Additionally, the Grocery Cost Index in Waterbury is 102 compared to 100 in the US.
The city is also home to several well-known companies including Post University, Timex Group USA Inc., Vitec Advanced Products Inc., and Benton Industries Inc. These businesses provide plenty of job opportunities for locals and attract visitors from outside the area as well.
All together these factors make Waterbury an attractive place to live with a reasonable cost of living.
Waterbury has an unemployment rate of 13.0%. The US average is 6.0%.
Waterbury has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 22.0%, which is lower than the US average of 33.5%.
Tax Rates for Waterbury
- The Sales Tax Rate for Waterbury is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Waterbury 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 Waterbury
- The average income of a Waterbury resident is $21,251 a year. The US average is $28,555 a year.
- The Median household income of a Waterbury resident is $48,787 a year. The US average is $69,021 a year.