Zip 06405 (Branford, CT) Economy


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Branford, CT 06405 is an ideal place to live for families. It has a great quality of life with a wide variety of amenities and attractions. The average 2 Bedroom rent in Branford is $1,750 which is slightly higher than the average 2 Bedroom rent in the US at $1,430. Despite this higher rental rate, Branford offers a lower cost of living than other areas in Connecticut. The Grocery Cost Index in Branford is 107 versus 100 in the US. Branford is home to many large companies such as Alliant Technologies, Formax Manufacturing Corporation, and Medtronic CryoCath LP. There are also several smaller businesses that offer unique products and services to residents throughout the Greater New Haven area. With its close proximity to major cities such as New Haven and Hartford, Branford provides a convenient location for commuters while providing a peaceful atmosphere for those who prefer small-town living.

Branford (zip 06405) has an unemployment rate of 7.1%. The US average is 6.0%.

Branford (zip 06405) has seen the job market decrease by -0.4% over the last year. Future job growth over the next ten years is predicted to be 29.3%, which is lower than the US average of 33.5%.

Tax Rates for Branford (zip 06405)
- The Sales Tax Rate for Branford (zip 06405) is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Branford (zip 06405) 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 Branford (zip 06405)
- The average income of a Branford (zip 06405) resident is $43,936 a year. The US average is $28,555 a year.
- The Median household income of a Branford (zip 06405) resident is $87,514 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyBranford, ConnecticutUnited States
  7.16
  -4.9%-6.2%
  29.3%33.5%
  6.4%6.2%
  5.0%4.6%
  $54,719$37,638
  $87,514$69,021
  $116,419$85,028
  Population by Occupation
  0.2%1.2%
  0.0%0.5%
  6.0%6.8%
  6.9%10.0%
  5.2%2.5%
  10.4%11.0%
  3.7%4.8%
  0.7%0.8%
  1.8%1.9%
  5.4%4.7%
  2.6%1.9%
  8.2%7.6%
  0.0%0.1%
  2.0%4.2%
  15.0%9.3%
  16.0%14.0%
  2.6%2.1%
  4.3%7.0%
  4.5%4.8%
  4.5%4.7%
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