Hartford County · Connecticut · Northeast · 74k residents
New Britain, CT: economy, jobs & business costs
The site-selection read on New Britain: labor costs, talent, corporate tax, energy, and business activity, with the Connecticut median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,628/wk. Connecticut's corporate income tax rate is 7.5%. Commercial electricity averages 21.2¢/kWh.
Compare New Britain side by side
Avg. weekly wage
$1,628/wk
Corporate income tax
7.5%
Bachelor's degree or higher
19.6%
Commercial electricity
21.2¢/kWh
Economic momentum
How fast New Britain's economy is moving, ranked against the US cities we track.
88/100
Heating
Ranks New Britain's jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $223,600 |
| Price per sq. ft. | $230 |
| Property tax rate | 1.8% |
| 1-bedroom rent | $954/mo |
| 2-bedroom rent | $1,298/mo |
| State & local income tax | 3.91% |
| Sales tax | 6.35% |
| Corporate income tax | 7.5% |
| Avg. weekly wage | $1,628/wk |
| Bachelor's degree or higher | 19.6% |
| Commercial electricity | 21.2¢/kWh |
| Businesses per 1k residents | 37.6/1k |
| Wage: Software developer | $134,120 |
| Wage: Registered nurse | $102,740 |
| Wage: General manager | $137,220 |
| Wage: Customer service | $48,090 |
| Wage: Warehouse worker | $40,590 |
| Wage: Heavy truck driver | $60,490 |
| Wage: Electrician | $77,540 |
| Wage: Retail salesperson | $36,490 |
| Cost of living index | 95 |
| Groceries index | 106 |
| Utilities | $245/mo |
| Transit pass | $75/mo |
| Gas price | $3.35/gal |
| Healthcare index | 105 |
| Childcare (per child) | $1,350/mo |
| Median household income | $58,613 |
| Unemployment rate | 4% |
| Population | 74k |
| Crime index | 27/100 |
| School rating | 7.8/10 |
| Walkability | 34/100 |
| Disaster risk | 97/100 |
| Avg. commute | 26 min |
| Sunny days / year | 180 days |
| July high | 85°F |
| January low | 20°F |
| Annual snowfall | — |
| Home price YoY | +6.3% |
| Home price MoM | +0.6% |
| Rent YoY | +2.6% |
| Rent MoM | +0.5% |
| Employment (jobs) YoY | +1.8% |
| Building permits YoY | — |
| Ocean coast | 29 mi |
| Big lake | 36 mi |
| Mountains | 71 mi |
| Major airport | 20 mi |
| Ski resort | 67 mi |
Popular comparisons
Nearby
- Newington, CT · 31k
- Wethersfield, CT · 27k
- West Hartford, CT · 64k
- Bristol, CT · 61k
- Hartford, CT · 121k
Similar size
- Danbury, CT · 87k
- Meriden, CT · 61k
- Norwalk, CT · 92k
- West Haven, CT · 55k
- Milford, CT · 51k
Real listings in New Britain
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is New Britain a good place to run a business?
- Connecticut's corporate income tax rate is 7.5%; average weekly wages in the surrounding labor market run $1,628/wk; commercial electricity averages 21.2¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in New Britain, CT?
- New Britain indexes at 95 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,298/mo and a acs median home value of $223,600.
- How much does a house cost in New Britain?
- The acs median home value in New Britain is $223,600 (Census ACS estimate; individual listings vary).
- How much is rent in New Britain?
- A two-bedroom in New Britain rents for about $1,298/mo.