East Hampton, CT (Zip Code 06424) is a charming and picturesque town in the southern region of Connecticut. It has a long history of being a popular destination for vacationers and home-seekers alike, thanks to its moderate climate and beautiful natural surroundings. The cost of living in East Hampton is slightly higher than the US average, with 2 bedroom rentals costing an average of $1,540 compared to the US average of $1,430. Grocery prices are also higher here at 106 on the Cost Index versus 100 in the US. This can be attributed to several local businesses that keep prices high due to their popularity among tourists and visitors. Businesses such as South Fork Baking Company, LongHorn Steakhouse, and Baci Restaurant are all big names in this area that contribute to higher costs of goods and services.
East Hampton (zip 06424) has an unemployment rate of 7.0%. The US average is 6.0%.
East Hampton (zip 06424) 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 Hampton (zip 06424)
- The Sales Tax Rate for East Hampton (zip 06424) is 6.4%. The US average is 7.3%.
- The Income Tax Rate for East Hampton (zip 06424) 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 Hampton (zip 06424)
- The average income of a East Hampton (zip 06424) resident is $46,665 a year. The US average is $37,638 a year.
- The Median household income of a East Hampton (zip 06424) resident is $106,949 a year. The US average is $69,021 a year.