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Economy in Milford, Connecticut

Overview, People, Health, Economy, Housing, Rankings, Crime
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Economy
EconomyMilford, CTUnited States
Unemployment Rate10.20%9.10%
Recent Job Growth0.00%-0.12%
Future Job Growth29.80%31.25%
Sales Taxes6.00%6.80%
Income Taxes5.00%6.25%
Income per Cap.$37,646$27,067
Household Income$78,358$52,954
ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME
Income Less Than 15K5.00%12.10%
Income between 15K and 25K6.07%10.18%
Income between 25K and 35K6.43%10.56%
Income between 35K and 50K9.83%14.98%
Income between 50K and 75K20.13%19.53%
Income between 75K and 100K17.22%12.52%
Income between 100K and 150K22.47%12.14%
Income between 150K and 250K7.64%3.91%
Income between 250K and 500K4.54%3.34%
Income greater than 500K0.68%0.75%
POPULATION BY OCCUPATION
Management, Business, and Financial Operations15.41%13.81%
Professional and Related Occupations26.27%22.68%
Service10.91%14.51%
Sales and Office26.07%25.22%
Farming, Fishing, and Forestry0.08%0.68%
Construction, Extraction, and Maintenance8.05%9.37%
Production, Transportation, and Material Moving13.20%15.86%
Median Household Income

The unemployment rate in Milford, CT, is 10.20%, with job growth of 0.00%. Future job growth over the next ten years is predicted to be 29.80%.

Milford, CT Taxes

Milford, CT,sales tax rate is 6.00%. Income tax is 5.00%.

Milford, CT Income and Salaries

The income per capita is $37,646, which includes all adults and children. The median household income is $78,358.


Milford Economy SperlingViews

Milford, CT review: Nice town to live in. Easy to commute to NYC by train. Several miles of beaches on Long Island Sound. High Cost of... (read more)re: hope you make a lot - 3/23/2010: First off, to the previous poster: your estimates on both home prices and taxes are WAY off. I live in a house I just purchased for $350,000 and it's brand new and... (read more)hope you make a lot: property values and taxes are high. for a shoe box plan on spending 300K, plus 10K per year in property taxes. and all of this to live in a total gridlock. the people... (read more)Have an opinion about Milford? Leave a commentTo See All SperlingViews for Milford Click Here