Winchester, CT is a small city with a population of 6,484 in Litchfield County. It is home to many local businesses such as Winchester Food Market, the Piedmont Grocery Store, and the Winchester Family Pharmacy. The cost of living in Winchester is generally lower than the national average when it comes to renting a two-bedroom apartment; the average rent for a two-bedroom apartment in Winchester is $1,370 compared to $1,430 nationally. Additionally, grocery costs in Winchester are slightly higher than average with an index score of 104 compared to 100 nationally. Overall, this makes Winchester an economical place to live and work.
Winchester has an unemployment rate of 8.8%. The US average is 6.0%.
Winchester has seen the job market decrease by -5.8% over the last year. Future job growth over the next ten years is predicted to be 17.9%, which is lower than the US average of 33.5%.
Tax Rates for Winchester
- The Sales Tax Rate for Winchester is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Winchester 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 Winchester
- The average income of a Winchester resident is $37,469 a year. The US average is $37,638 a year.
- The Median household income of a Winchester resident is $65,537 a year. The US average is $69,021 a year.