Financial Profile: Connecticut
Financial landscape, tax rates, cost of living, and median income scoring for Connecticut residents.
Connecticut at a Glance
Avg Salary
$72,000
Cost of Living
111
Top Tax Rate
7.0%
Adjusted Income
$64,864
Monthly Take-Home
$4,482
Max Rent (30%)
$1,800
Financial Genome at Median Income
Scores calculated for someone earning $72,000/yr in Connecticut with typical expenses.
PPI
48
C
FPI
25
F
LRS
53
C+
REW
30
D
Living in Connecticut: Financial Overview
Connecticut has graduated income tax rates from 3% to 6.99%, with high earners also paying surcharges.
- High earning potential
- Close to NYC job market
- High property taxes
Major Cities
Bridgeport, New Haven, Hartford, Stamford
With a cost of living index of 111 (above the national average of 100), expenses are higher in Connecticut. A $60,000 salary here has the purchasing power equivalent of only $54,054 in an average-cost area.
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