Niantic, CT is a great place to live with plenty of local companies and attractions. It's cost of living is slightly higher than the US averages, with a 2 bedroom rent in Niantic of $1,620 compared to the average US rent of $1,430. The grocery cost index is also slightly higher at 107 versus 100 in the US. There are several major companies that call Niantic home, such as East Lyme Market, Niantic Bay Trading Company, Blue Heron Bakery and Café, and The Pier Pizza. Attractions include the Niantic Boardwalk, Harkness Memorial State Park Beach and Nature Preserve, Rocky Neck State Park Beach and Camping Area, Pine Grove Picnic Area, and Niantic Bay Yacht Club.
Niantic has an unemployment rate of 9.2%. The US average is 6.0%.
Niantic has seen the job market increase by 0.2% 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 Niantic
- The Sales Tax Rate for Niantic is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Niantic 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 Niantic
- The average income of a Niantic resident is $44,684 a year. The US average is $28,555 a year.
- The Median household income of a Niantic resident is $77,270 a year. The US average is $69,021 a year.