Small Town1,126 people

New Preston, CT

Discover how far your salary goes in New Preston. Compare taxes, rent, and living costs.

Cost Index
155
💰 Expensive
Population

1,126

State Tax

7.0%

1BR Rent

$1,666

/month

vs National

+19%

above avg

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Rent Prices in New Preston

🏠

Studio

$1,333

/month

$15,996/year

Most Common
🛏️

1 Bedroom

$1,666

/month

$19,992/year

🏡

2 Bedroom

$2,249

/month

$26,988/year

🏘️

3 Bedroom

$2,916

/month

$34,992/year

Taxes in Connecticut

State Income Tax

Connecticut

7.0%

For a $100k salary, that's ~$6,990/year in state taxes.

Federal Income Tax

Same nationwide

10-37%

Federal taxes use progressive brackets. The more you earn, the higher your marginal rate.

Learn how tax brackets work

Frequently Asked Questions

What is the cost of living in New Preston, CT?

New Preston has a cost of living index of 155, which is 55% above the national average. A 1-bedroom apartment costs around $1,666/month.

What is the state income tax in Connecticut?

Connecticut has a state income tax rate of approximately 7.0%. This is in addition to federal income tax.

How much is rent in New Preston?

The median rent for a 1-bedroom apartment in New Preston is $1,666/month. For a 2-bedroom, expect to pay around $2,249/month. This is 19% above the national average.

Is New Preston a good place to live?

New Preston is a small town with a population of 1,126. The cost of living is expensive, making it more expensive than average for the US.

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