Cannondale, CT is an attractive residential area in Fairfield County. With a Grocery Cost Index of 111 compared to the national average of 100, living costs in this area are slightly higher than the average. However, many people are willing to pay the extra cost because Cannondale offers pristine landscapes and high-quality amenities. There are plenty of local companies such as Cannondale Motors and Cannondale Design Center that offer excellent services in the area. Furthermore, there are also recreational activities such as golf courses, shopping malls, hiking trails and parks available for residents to enjoy. With two-bedroom rent coming in at $3,460 per month compared to the national average of $1,430 per month it is clear why so many people choose to call Cannondale home.
Cannondale has an unemployment rate of 8.2%. The US average is 6.0%.
Cannondale has seen the job market decrease by -7.5% over the last year. Future job growth over the next ten years is predicted to be 26.7%, which is lower than the US average of 33.5%.
Tax Rates for Cannondale
- The Sales Tax Rate for Cannondale is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Cannondale 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 Cannondale
- The average income of a Cannondale resident is $94,501 a year. The US average is $37,638 a year.
- The Median household income of a Cannondale resident is $0 a year. The US average is $69,021 a year.