Gales Ferry, Connecticut is a small town located in the southeastern part of the state. It has a unique history associated with its location on the Thames River. It was initially known as an area for shipbuilding and whaling activities due to its proximity to the river. Today, Gales Ferry offers a number of attractions such as the historic Latimer Point State Park, ArtSpace Gallery, and Cable Car Cinema. Residents also have access to a variety of shopping and dining options including C&C Markets, Walmart Supercenter, Subway Sandwich Shop, and Dunkin Donuts. The cost of living in Gales Ferry is higher than the US average with rent for two-bedroom apartments averaging at $1,620 compared to $1,430 nationally while grocery costs index at 106 versus 100 nationwide.
Gales Ferry has an unemployment rate of 9.2%. The US average is 6.0%.
Gales Ferry has seen the job market decrease by -10.1% over the last year. Future job growth over the next ten years is predicted to be 31.1%, which is lower than the US average of 33.5%.
Tax Rates for Gales Ferry
- The Sales Tax Rate for Gales Ferry is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Gales Ferry 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 Gales Ferry
- The average income of a Gales Ferry resident is $27,622 a year. The US average is $37,638 a year.
- The Median household income of a Gales Ferry resident is $0 a year. The US average is $69,021 a year.