Zip 06472 (Northford, CT) Economy


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Northford, Connecticut, has an affordable 2 Bedroom Rent of $1,810 per month. This can be compared to the US average of $1,430 per month. Moreover, Northford's grocery cost index is also more affordable than the US average at 108 compared to 100. Local businesses in Northford include Northford Ice Pavilion for recreational activities and Bruce & Co. Inc., a general contractor business. The town is also home to CT Valley Brewing Company which offers delicious craft beer brewed locally. For those looking for a unique shopping experience, the nearby town of Guilford is home to Guilford Art Center where local artists display their creations available for purchase.

Northford (zip 06472) has an unemployment rate of 7.2%. The US average is 6.0%.

Northford (zip 06472) 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 Northford (zip 06472)
- The Sales Tax Rate for Northford (zip 06472) is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Northford (zip 06472) 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 Northford (zip 06472)
- The average income of a Northford (zip 06472) resident is $39,042 a year. The US average is $28,555 a year.
- The Median household income of a Northford (zip 06472) resident is $108,051 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyNorthford, ConnecticutUnited States
  7.26
  -4.9%-6.2%
  29.3%33.5%
  6.4%6.2%
  5.0%4.6%
  $57,804$37,638
  $108,051$69,021
  $133,393$85,028
  Population by Occupation
  0.6%1.2%
  0.0%0.5%
  13.5%6.8%
  12.5%10.0%
  3.8%2.5%
  11.1%11.0%
  3.2%4.8%
  2.3%0.8%
  1.2%1.9%
  7.7%4.7%
  0.0%1.9%
  4.7%7.6%
  0.0%0.1%
  0.9%4.2%
  13.0%9.3%
  14.2%14.0%
  3.4%2.1%
  1.7%7.0%
  4.5%4.8%
  1.7%4.7%
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