Farmington, CT (06032) is an affluent suburb of Hartford with a population of 25,340. It is known for its excellent schools and robust economy. The average two-bedroom rental price in Farmington is $2,120, which is significantly higher than the US average of $1,430. Additionally, the Grocery Cost Index in Farmington is 108 versus 100 in the US.
Some of the local companies that call Farmington home include Stanley Black & Decker, Specialty Silicone Fabricators, Krauszer’s Food Store and LogistiCare Solutions. Stanley Black & Decker is one of the largest tool suppliers worldwide, while Specialty Silicone Fabricators provides custom silicone products to numerous industries. Krauszer's is a convenience store chain that has been serving customers throughout Connecticut since 1983. Finally, LogistiCare Solutions provides healthcare transportation services to more than 35 million members across North America.
Farmington (zip 06032) has an unemployment rate of 6.2%. The US average is 6.0%.
Farmington (zip 06032) 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 Farmington (zip 06032)
- The Sales Tax Rate for Farmington (zip 06032) is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Farmington (zip 06032) 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 Farmington (zip 06032)
- The average income of a Farmington (zip 06032) resident is $58,654 a year. The US average is $28,555 a year.
- The Median household income of a Farmington (zip 06032) resident is $106,957 a year. The US average is $69,021 a year.