Zip 06778 (Northfield, CT) Economy


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Northfield, Connecticut (06778) is an idyllic town located just 45 minutes west of Hartford. This small town has a population of only 1,100 people and offers its residents a quiet, peaceful atmosphere. It's close enough to larger cities for residents to benefit from amenities like cultural attractions and entertainment options while still having the benefit of being able to enjoy a rural lifestyle.
Some local companies in Northfield include O&G Industries, Greater New England Electrical Distributors, The Camp at Hebron Woods, and P-Town Petroleum. O&G Industries is a construction and mining company that also produces asphalt products. Greater New England Electrical Distributors is an electrical equipment distributor. The Camp at Hebron Woods is a summer camp for kids ages 7-14. P-Town Petroleum provides fuel delivery and heating oil services for residential customers in Northfield and the surrounding areas.
The cost of living in Northfield is slightly higher than the US average due to its rural setting; however, it remains lower than big cities like New York City or Hartford. For example, two bedroom rent averages around $1,380 versus $1,430 nationally; grocery cost index in Northfield stands at 106 compared to 100 across the US on average. Thus, Northfield has an affordable cost of living with plenty of amenities nearby for those looking for a rural lifestyle close enough to major cities offering more opportunities.

Northfield (zip 06778) has an unemployment rate of 7.9%. The US average is 6.0%.

Northfield (zip 06778) 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 Northfield (zip 06778)
- The Sales Tax Rate for Northfield (zip 06778) is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Northfield (zip 06778) 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 Northfield (zip 06778)
- The average income of a Northfield (zip 06778) resident is $41,253 a year. The US average is $28,555 a year.
- The Median household income of a Northfield (zip 06778) resident is $94,219 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyNorthfield, ConnecticutUnited States
  7.96
  -6.4%-6.2%
  25.5%33.5%
  6.4%6.2%
  5.0%4.6%
  $43,287$37,638
  $94,219$69,021
  $124,161$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  14.1%6.8%
  17.1%10.0%
  0.8%2.5%
  19.3%11.0%
  3.7%4.8%
  0.0%0.8%
  0.6%1.9%
  0.1%4.7%
  0.5%1.9%
  1.4%7.6%
  0.0%0.1%
  3.9%4.2%
  13.2%9.3%
  20.1%14.0%
  0.5%2.1%
  2.5%7.0%
  0.3%4.8%
  1.9%4.7%
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