Economy in Danbury, CT

Danbury, CT is an ideal location to live for those looking for a suburban city with a small-town feel. Located in Fairfield County, Danbury has many popular companies located in the area such as Boehringer Ingelheim USA, Praxair Inc., Pitney Bowes, and Ethan Allen Global Inc. The cost of living in Danbury is higher than the US average due to things like rent: 2 Bedroom Rent in Danbury costs $2,070 versus the US average of $1,430. Additionally, grocery costs are at an index of 104 versus 100 nationally. Despite these costs being slightly higher than the national average, there are many opportunities for employment which offset the increased expenses.

Danbury has an unemployment rate of 7.6%. The US average is 6.0%.

Danbury has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 29.5%, which is lower than the US average of 33.5%.

Tax Rates for Danbury
- The Sales Tax Rate for Danbury is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Danbury 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 Danbury
- The average income of a Danbury resident is $31,411 a year. The US average is $28,555 a year.
- The Median household income of a Danbury resident is $74,600 a year. The US average is $69,021 a year.