Canton, CT 06019 is a small town with an estimated population of 8,079. The 2 bedroom rent in Canton averages out to $1,550 and is slightly higher than the national average of $1,430. The grocery cost index in Canton is also relatively high at 108 compared to the US average of 100.
The local economy is mainly driven by manufacturing companies such as The Stanley Works, O&G Industries Inc., and SKF USA Inc. All three of these companies have been in operation for over 50 years and employ hundreds of Canton area residents. Additionally, there are many smaller businesses that contribute to the economic well-being of the town including shops, restaurants, and services like plumbers, electricians, and HVAC technicians.
Canton (zip 06019) has an unemployment rate of 6.5%. The US average is 6.0%.
Canton (zip 06019) has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 30.7%, which is lower than the US average of 33.5%.
Tax Rates for Canton (zip 06019)
- The Sales Tax Rate for Canton (zip 06019) is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Canton (zip 06019) 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 Canton (zip 06019)
- The average income of a Canton (zip 06019) resident is $48,415 a year. The US average is $28,555 a year.
- The Median household income of a Canton (zip 06019) resident is $100,369 a year. The US average is $69,021 a year.