New Milford, CT, 06776 is a charming suburb of New York City. The average two bedroom rent in New Milford is $1,730 per month, which is slightly higher than the national average of $1,430. Grocery costs in the area have an index of 107 versus the US index of 100. Local businesses and amenities are such as Big Y Foods for groceries, Home Depot for home improvement needs, McDonald's for fast food and local favorite Library Wine Bar & Bistro for dining out. This small town offers beautiful scenery with plenty of outdoor activities to enjoy such as Candlewood Lake State Park or Hattertown Historic District.
New Milford (zip 06776) has an unemployment rate of 7.9%. The US average is 6.0%.
New Milford (zip 06776) 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 25.5%, which is lower than the US average of 33.5%.
Tax Rates for New Milford (zip 06776)
- The Sales Tax Rate for New Milford (zip 06776) is 6.4%. The US average is 7.3%.
- The Income Tax Rate for New Milford (zip 06776) 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 New Milford (zip 06776)
- The average income of a New Milford (zip 06776) resident is $38,461 a year. The US average is $28,555 a year.
- The Median household income of a New Milford (zip 06776) resident is $92,717 a year. The US average is $69,021 a year.