Located in Ellington, Connecticut (zip code 06029), the cost of living and rent prices are higher than the national average. According to recent data, the median two-bedroom rent in 06029 is $1,610 - $180 more than the national median of $1,430. In addition, the Grocery Cost Index for 06029 is 106 compared to 100 in the US. As a result of higher living costs, local businesses like Simeone's Restaurant & Bar, Ellington Pizza House & Restaurant and CJ's Tavern have all developed strong footholds in the community. This influx of modestly priced eateries has been beneficial to residents who may opt for these establishments rather than high-end restaurants or grocery stores due to budget restrictions. With convenient access to necessary amenities at an affordable price point, it's no wonder why 06029 remains a popular destination for families looking to settle down in Connecticut.
Ellington (zip 06029) has an unemployment rate of 6.6%. The US average is 6.0%.
Ellington (zip 06029) has seen the job market decrease by -6.0% over the last year. Future job growth over the next ten years is predicted to be 32.8%, which is lower than the US average of 33.5%.
Tax Rates for Ellington (zip 06029)
- The Sales Tax Rate for Ellington (zip 06029) is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Ellington (zip 06029) 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 Ellington (zip 06029)
- The average income of a Ellington (zip 06029) resident is $53,775 a year. The US average is $37,638 a year.
- The Median household income of a Ellington (zip 06029) resident is $109,545 a year. The US average is $69,021 a year.