Hamden, Connecticut (zip: 06518) is a vibrant city located in New Haven County. It is conveniently situated for easy access to the major cities of Hartford, New York, and Boston. The cost of living is relatively high with the median two bedroom rent being $2190 compared to the US average of $1430. Additionally, the grocery cost index in Hamden is 106 compared to 100 in the US.
The town's economy largely relies on local businesses such as J&D Logistics LLC which provides transportation services and storage solutions; First Niagara Risk Management Inc which provides risk management consulting services; and Richard Sonnenblick & Associates, providing real estate services. In terms of retail stores, there are many stores such as Apple Store at North Haven offering tech products; Lamps Plus providing lighting fixtures and accessories; and BevMax Wine & Spirits offering alcoholic beverages. The town’s economy also benefits from other local service providers such as All Star Performance Training providing sports performance training; Elite Restoration Services offering building restoration services; and Unity Lawn Care offering lawn care services.
Hamden (zip 06518) has an unemployment rate of 6.7%. The US average is 6.0%.
Hamden (zip 06518) has seen the job market decrease by -4.9% over the last year. Future job growth over the next ten years is predicted to be 29.5%, which is lower than the US average of 33.5%.
Tax Rates for Hamden (zip 06518)
- The Sales Tax Rate for Hamden (zip 06518) is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Hamden (zip 06518) 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 Hamden (zip 06518)
- The average income of a Hamden (zip 06518) resident is $37,237 a year. The US average is $37,638 a year.
- The Median household income of a Hamden (zip 06518) resident is $91,909 a year. The US average is $69,021 a year.