Zip 06254 (North Franklin, CT) Economy


Reviews



Download our custom City Report to see exclusive
data on cost of living, crime, climate, and more.
North Franklin, CT (06254) has a median two bedroom rent of $1,300 which is lower than the US median two bedroom rent of $1,430. The Grocery Cost Index in North Franklin is 106 versus 100 in the US, so groceries are slightly more expensive. With an estimated population of 748 as per the 2010 census and beautiful rural setting, North Franklin is an attractive place to live and work. Local companies include O’Neill Landscaping & Maintenance, LLC., Sunnyside Gardening Services Inc., and Aspen Dental Care.

North Franklin (zip 06254) has an unemployment rate of 9.2%. The US average is 6.0%.

North Franklin (zip 06254) has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 31.1%, which is lower than the US average of 33.5%.

Tax Rates for North Franklin (zip 06254)
- The Sales Tax Rate for North Franklin (zip 06254) is 6.4%. The US average is 7.3%.
- The Income Tax Rate for North Franklin (zip 06254) 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 Franklin (zip 06254)
- The average income of a North Franklin (zip 06254) resident is $39,378 a year. The US average is $28,555 a year.
- The Median household income of a North Franklin (zip 06254) resident is $89,948 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyNorth Franklin, ConnecticutUnited States
  9.26
  -10.1%-6.2%
  31.1%33.5%
  6.4%6.2%
  5.0%4.6%
  $42,780$37,638
  $89,948$69,021
  $114,063$85,028
  Population by Occupation
  3.8%1.2%
  0.3%0.5%
  10.1%6.8%
  12.8%10.0%
  0.9%2.5%
  5.9%11.0%
  3.4%4.8%
  1.4%0.8%
  1.0%1.9%
  1.8%4.7%
  0.6%1.9%
  5.2%7.6%
  0.0%0.1%
  3.1%4.2%
  10.4%9.3%
  15.7%14.0%
  3.8%2.1%
  3.3%7.0%
  6.0%4.8%
  10.4%4.7%
Health