Fairfield, CT with zip code 06825 is a beautiful town located in the southern part of Connecticut. It has an estimated population of 61,461 people according to the most recent census. The 2 bedroom rent in Fairfield is much higher than the US average at $2,230. Additionally, the Grocery Cost Index is significantly higher at 107 versus 100 in the US.
There are many local businesses and companies in Fairfield that contribute to its economy and community. Notable businesses include Fairfield University, which provides higher education opportunities for students from all over New England; Sacred Heart University; and Bridgeport Hospital as well as several other hospitals and medical centers throughout the city. Other companies such as The Webster Bank Arena, Stew Leonard’s Grocery Store and Bigelow Tea Company are also located in Fairfield and make significant contributions to the local economy.
Fairfield (zip 06825) has an unemployment rate of 6.5%. The US average is 6.0%.
Fairfield (zip 06825) has seen the job market decrease by -7.5% over the last year. Future job growth over the next ten years is predicted to be 26.8%, which is lower than the US average of 33.5%.
Tax Rates for Fairfield (zip 06825)
- The Sales Tax Rate for Fairfield (zip 06825) is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Fairfield (zip 06825) 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 Fairfield (zip 06825)
- The average income of a Fairfield (zip 06825) resident is $55,882 a year. The US average is $37,638 a year.
- The Median household income of a Fairfield (zip 06825) resident is $118,567 a year. The US average is $69,021 a year.