Zip 06423 (East Haddam, CT) Economy


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06423 East Haddam, CT is an ideal place to live. The 2 bedroom rent in this area is $1,120 which is lower than the national average of $1,430. This makes East Haddam much more affordable than many other places in the country. Additionally, the Grocery Cost Index in East Haddam is 107 versus 100 in the US. This means that groceries are slightly more expensive here than elsewhere though it still remains relatively affordable.
East Haddam has plenty of attractions for potential residents. The town boasts many popular recreational activities such as Gillette Castle State Park and Pattaconk Lake Recreation Area. There are also various local businesses such as Goodspeed Opera House, Osage Orange Embroidery Company, and Black Hog Brewing Company that help contribute to the unique atmosphere of this community. Overall, 06423 East Haddam is an amazing place to live with its low cost of living and rich culture.

East Haddam (zip 06423) has an unemployment rate of 7.0%. The US average is 6.0%.

East Haddam (zip 06423) 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 East Haddam (zip 06423)
- The Sales Tax Rate for East Haddam (zip 06423) is 6.4%. The US average is 7.3%.
- The Income Tax Rate for East Haddam (zip 06423) 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 East Haddam (zip 06423)
- The average income of a East Haddam (zip 06423) resident is $41,657 a year. The US average is $28,555 a year.
- The Median household income of a East Haddam (zip 06423) resident is $98,347 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyEast Haddam, ConnecticutUnited States
  76
  -5.5%-6.2%
  29.8%33.5%
  6.4%6.2%
  5.0%4.6%
  $56,656$37,638
  $98,347$69,021
  $108,067$85,028
  Population by Occupation
  1.5%1.2%
  0.0%0.5%
  9.1%6.8%
  12.3%10.0%
  1.1%2.5%
  10.1%11.0%
  2.4%4.8%
  0.0%0.8%
  1.7%1.9%
  7.2%4.7%
  1.4%1.9%
  12.8%7.6%
  0.0%0.1%
  0.8%4.2%
  9.8%9.3%
  16.2%14.0%
  4.0%2.1%
  2.2%7.0%
  5.9%4.8%
  1.4%4.7%
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