East Haven, CT Economy


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East Haven, CT is a picturesque town situated just outside of New Haven. With a lower cost of living than the US average, it is an attractive destination for those looking to save money while maintaining a pleasant lifestyle. The average two bedroom rent in East Haven is $1,610 per month compared to the US at $1,430. Furthermore, the local grocery cost index is 105 versus 100 in the US. East Haven has many locally owned companies that offer excellent services and products. Some of these include J&M Home Improvement and Maintenance, Amici Pizzeria and Restaurant, and Matt’s Appliance Repair Shop. Residents also have access to larger retailers such as Stop & Shop Supermarket and Walgreens Pharmacy. Overall, East Haven offers a great quality of life with a low cost of living and plenty of local businesses providing goods and services.

East Haven has an unemployment rate of 8.5%. The US average is 6.0%.

East Haven 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 28.0%, which is lower than the US average of 33.5%.

Tax Rates for East Haven
- The Sales Tax Rate for East Haven is 6.4%. The US average is 7.3%.
- The Income Tax Rate for East Haven 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 East Haven
- The average income of a East Haven resident is $30,868 a year. The US average is $28,555 a year.
- The Median household income of a East Haven resident is $74,238 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyEast Haven, ConnecticutUnited States
  8.56
  -4.9%-6.2%
  28.0%33.5%
  6.4%6.2%
  5.0%4.6%
  $37,149$37,638
  $74,238$69,021
  $91,888$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  8.5%6.8%
  8.6%10.0%
  2.0%2.5%
  14.0%11.0%
  7.6%4.8%
  0.3%0.8%
  1.0%1.9%
  4.9%4.7%
  1.3%1.9%
  4.2%7.6%
  0.0%0.1%
  3.1%4.2%
  11.4%9.3%
  16.5%14.0%
  1.3%2.1%
  6.9%7.0%
  5.5%4.8%
  3.0%4.7%
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