The town of Voluntown, CT (06384) is a small yet diverse community with a population of around 4,200 people. The median 2 bedroom rent in the town is $1,260 which is lower than the US rate of $1,430. The Grocery Cost Index in Voluntown is 106 compared to 100 across the US. This makes Voluntown a great place when it comes to finding housing options that are affordable.
Voluntown has a vibrant economy that is driven by small businesses and local companies such as J&L Orchard, Silas Deane Auto Repair & Storage, and Voluntown Country Store. These businesses provide quality services and products at an affordable cost for locals and visitors alike.
Overall, the cost of living in Voluntown is quite low compared to other parts of Connecticut which makes it an attractive area for those looking for a more economical option when it comes to housing costs and other goods/services. From its abundance of businesses to its low-cost living standards, Voluntown is undoubtedly one of Connecticut's most desirable towns for those looking for peace and quiet without sacrificing affordability.
Voluntown (zip 06384) has an unemployment rate of 9.2%. The US average is 6.0%.
Voluntown (zip 06384) 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 Voluntown (zip 06384)
- The Sales Tax Rate for Voluntown (zip 06384) is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Voluntown (zip 06384) 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 Voluntown (zip 06384)
- The average income of a Voluntown (zip 06384) resident is $38,538 a year. The US average is $37,638 a year.
- The Median household income of a Voluntown (zip 06384) resident is $80,588 a year. The US average is $69,021 a year.