Zip 06442 (Ivoryton, CT) Economy


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Ivoryton, CT (06442) is a scenic town located in Middlesex County. With a population of 1,171 people, it offers small-town charm with easy access to nearby cities. Renters looking for 2 bedroom apartments in Ivoryton can expect to pay around $1,620 per month, which is slightly higher than the US average of $1,430. Grocery costs in Ivoryton are also relatively high when compared to the national average; the Grocery Cost Index stands at 109 versus 100 in the US. Residents of Ivoryton have plenty of shopping options from local businesses such as Shops at Griswold Point, The Green Elephant Antiques & Cafe, The General Store at the Ivoryton Inn and other unique shops. Homeowners will be glad to know that there are also several locally owned grocery stores offering fresh produce and food items at reasonable prices.

Ivoryton (zip 06442) has an unemployment rate of 7.0%. The US average is 6.0%.

Ivoryton (zip 06442) has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 29.8%, which is lower than the US average of 33.5%.

Tax Rates for Ivoryton (zip 06442)
- The Sales Tax Rate for Ivoryton (zip 06442) is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Ivoryton (zip 06442) 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 Ivoryton (zip 06442)
- The average income of a Ivoryton (zip 06442) resident is $43,628 a year. The US average is $28,555 a year.
- The Median household income of a Ivoryton (zip 06442) resident is $89,980 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyIvoryton, ConnecticutUnited States
  76
  -5.5%-6.2%
  29.8%33.5%
  6.4%6.2%
  5.0%4.6%
  $52,190$37,638
  $89,980$69,021
  $146,708$85,028
  Population by Occupation
  0.8%1.2%
  0.0%0.5%
  7.8%6.8%
  20.2%10.0%
  1.2%2.5%
  21.8%11.0%
  1.1%4.8%
  1.5%0.8%
  0.0%1.9%
  12.0%4.7%
  0.9%1.9%
  6.3%7.6%
  0.0%0.1%
  0.0%4.2%
  5.2%9.3%
  8.8%14.0%
  1.5%2.1%
  8.6%7.0%
  0.8%4.8%
  1.5%4.7%
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