New Haven-Milford, CT Metro Area is an area located in southern Connecticut with a wide variety of attractions and companies to explore. The cost of living for two bedroom rentals in the area is slightly higher than the US average at $1,570 compared to $1,430. Additionally, the Grocery Cost Index here is 106 versus 100 in the US. Some popular local businesses and attractions include Yale University, Mystic Seaport Museum, and Foxwood Resort Casino. There are also numerous restaurants and bars to check out like the award-winning bar Geronimo Tequila Bar & Southwest Grill and Christopher Martins Restaurant & Pub. With so many options to choose from, New Haven-Milford, CT Metro Area provides plenty of activities for visitors and locals alike.
New Haven-Milford Metro Area has an unemployment rate of 7.7%. The US average is 6.0%.
New Haven-Milford Metro Area 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 28.7%, which is lower than the US average of 33.5%.
Tax Rates for New Haven-Milford Metro Area
- The Sales Tax Rate for New Haven-Milford Metro Area is 6.4%. The US average is 7.3%.
- The Income Tax Rate for New Haven-Milford Metro Area 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 New Haven-Milford Metro Area
- The average income of a New Haven-Milford Metro Area resident is $32,794 a year. The US average is $28,555 a year.
- The Median household income of a New Haven-Milford Metro Area resident is $75,043 a year. The US average is $69,021 a year.