Willimantic, CT is a city with many possibilities. It is a great place to call home and live an affordable lifestyle. The median rent for a two bedroom apartment is $1,290, which is significantly lower than the U.S. median of $1,430. Additionally, the grocery cost index in Willimantic is 102 versus 100 in the U.S., making groceries more affordable in Willimantic than across the nation. People living in Willimantic also have access to some great local companies such as General Dynamics Electric Boat, Thread City Development Corporation, and Education Connection. The city is also home to Eastern Connecticut State University and Quinebaug Valley Community College so students can explore higher education opportunities nearby without having to go far from home. All these factors make Willimantic a great option for those looking for an affordable lifestyle with plenty of activities and opportunities along the way.
Willimantic has an unemployment rate of 8.3%. The US average is 6.0%.
Willimantic has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 31.4%, which is lower than the US average of 33.5%.
Tax Rates for Willimantic
- The Sales Tax Rate for Willimantic is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Willimantic 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 Willimantic
- The average income of a Willimantic resident is $16,655 a year. The US average is $28,555 a year.
- The Median household income of a Willimantic resident is $39,752 a year. The US average is $69,021 a year.