Wolcott, CT is a small town located in New Haven County in Connecticut. The town has a population of 16,680 people and a 2 bedroom rental rate of $1,810 per month. In comparison to the US average of $1,430 for 2 bedrooms, Wolcott's rate is significantly higher. The Grocery Cost Index in Wolcott is 105 compared to 100 for the US as a whole. This indicates that groceries are more expensive in Wolcott than in other parts of the country.
There are many local companies with offices or headquarters located in Wolcott such as O&G Industries, New England Industrial Services Group Inc., Nelipak Healthcare Packaging, National Fuel Gas Distribution Corp., and Barden Corporation. These companies contribute to the economy of Wolcott and provide jobs for local residents.
Wolcott has an unemployment rate of 7.2%. The US average is 6.0%.
Wolcott has seen the job market decrease by -7.0% over the last year. Future job growth over the next ten years is predicted to be 27.1%, which is lower than the US average of 33.5%.
Tax Rates for Wolcott
- The Sales Tax Rate for Wolcott is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Wolcott 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 Wolcott
- The average income of a Wolcott resident is $46,489 a year. The US average is $37,638 a year.
- The Median household income of a Wolcott resident is $103,523 a year. The US average is $69,021 a year.