Broad Brook, Connecticut (06016) is an ideal place for those who are looking to relocate. The main industry is manufacturing, with companies such as Pratt & Whitney, Hamilton Sundstrand, and UTC Power operating in the region. The area also boasts some of the best schools in the state, along with many recreational activities.
The cost of living in Broad Brook is slightly higher than the national average due to its high rent costs. The median 2 bedroom rent for this area is $1,810 compared to $1,430 nationally; however, grocery costs are comparable at 106 index versus 100 in the US. All in all, Broad Brook offers a great lifestyle that is reserved for those willing to pay a bit more for quality living.
Broad Brook (zip 06016) has an unemployment rate of 8.3%. The US average is 6.0%.
Broad Brook (zip 06016) 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 30.5%, which is lower than the US average of 33.5%.
Tax Rates for Broad Brook (zip 06016)
- The Sales Tax Rate for Broad Brook (zip 06016) is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Broad Brook (zip 06016) 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 Broad Brook (zip 06016)
- The average income of a Broad Brook (zip 06016) resident is $35,593 a year. The US average is $28,555 a year.
- The Median household income of a Broad Brook (zip 06016) resident is $106,385 a year. The US average is $69,021 a year.