Zip 06471 (North Branford, CT) Economy


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North Branford, Connecticut is a small town located in the New Haven County. With a population of just over 17,000 people, it is a great place to live for those seeking more of a small-town feel but still close enough to enjoy all the amenities of nearby larger cities. The median two bedroom rent in North Branford is $1,690 per month which is slightly higher than the US average at $1,430. The Grocery Cost Index in North Branford is 107 versus 100 in the US.
North Branford is home to numerous local businesses such as Claystone Construction and Edward's Landcaping & Masonry. Restaurants like Pizzeria Da Vinci and Walter's hot dogs are popular among locals and visitors alike. There are also plenty of shopping options available around town such as Stop & Shop Supermarket, Walgreens Pharmacy and even Regal Cinemas Movie Theater for entertainment purposes.

North Branford (zip 06471) has an unemployment rate of 7.2%. The US average is 6.0%.

North Branford (zip 06471) 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 29.3%, which is lower than the US average of 33.5%.

Tax Rates for North Branford (zip 06471)
- The Sales Tax Rate for North Branford (zip 06471) is 6.4%. The US average is 7.3%.
- The Income Tax Rate for North Branford (zip 06471) 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 North Branford (zip 06471)
- The average income of a North Branford (zip 06471) resident is $48,021 a year. The US average is $37,638 a year.
- The Median household income of a North Branford (zip 06471) resident is $96,369 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyNorth Branford, ConnecticutUnited States
  7.26
  -4.9%-6.2%
  29.3%33.5%
  6.4%6.2%
  5.0%4.6%
  $48,021$37,638
  $96,369$69,021
  $133,552$85,028
  Population by Occupation
  0.8%1.2%
  0.0%0.5%
  11.6%6.8%
  11.2%10.0%
  5.2%2.5%
  12.4%11.0%
  0.7%4.8%
  5.0%0.8%
  3.0%1.9%
  3.5%4.7%
  0.6%1.9%
  6.0%7.6%
  0.0%0.1%
  0.3%4.2%
  7.7%9.3%
  8.4%14.0%
  2.2%2.1%
  9.3%7.0%
  7.8%4.8%
  4.3%4.7%
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