Middlebury, CT, with a zip code 06762, is home to several local businesses that provide quality goods and services. Many residents find the cost of living in Middlebury to be affordable compared to other towns in the area. The average 2 Bedroom Rent for this town is $1,540 which is slightly higher than the US average of $1,430. Additionally, the Grocery Cost Index in Middlebury is 108 compared to 100 in the US.
Residents of Middlebury have access to many local stores for their shopping needs such as Barden's Foodland Market where they can purchase fresh produce at competitive prices or procure meat from locally sourced farmers. Other stores include Stop & Shop Supermarket and Walmart Supercenter offering groceries at reasonable rates. For those looking for more unique items, there are specialty shops like Green Acres Country Store which sells farm-fresh products from Connecticut farms and places like New Morning Natural Foods that specialize in organic products.
Middlebury (zip 06762) has an unemployment rate of 8.5%. The US average is 6.0%.
Middlebury (zip 06762) has seen the job market decrease by -0.4% over the last year. Future job growth over the next ten years is predicted to be 27.5%, which is lower than the US average of 33.5%.
Tax Rates for Middlebury (zip 06762)
- The Sales Tax Rate for Middlebury (zip 06762) is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Middlebury (zip 06762) 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 Middlebury (zip 06762)
- The average income of a Middlebury (zip 06762) resident is $41,912 a year. The US average is $28,555 a year.
- The Median household income of a Middlebury (zip 06762) resident is $124,619 a year. The US average is $69,021 a year.