Zip 06371 (Old Lyme, CT) Economy


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Old Lyme, CT has a zip code of 06371 and is located in the southeastern part of the state. This town is popular for its beaches and local attractions such as camping, hiking, biking, boating, bird watching and more. The 2 bedroom rent in Old Lyme is $1,700 which is approximately $270 higher than the US average of $1,430. Additionally, the grocery cost index in this area stands at 112 compared to 100 in the US.
Old Lyme offers a variety of activities and amenities for its residents including many local businesses such as Old Lyme Market and Deli providing groceries, Lone Pine Cafe serving coffee and brunch meals, The Bee & Thistle Inn offering lodging services; BP Gas Station providing fuel services; Old Lyme Beauty Supplies for beauty products; The Shops At Lafayette offering retail items; and Stonington Institute providing counseling services.

Old Lyme (zip 06371) has an unemployment rate of 9.2%. The US average is 6.0%.

Old Lyme (zip 06371) 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 Old Lyme (zip 06371)
- The Sales Tax Rate for Old Lyme (zip 06371) is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Old Lyme (zip 06371) 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 Old Lyme (zip 06371)
- The average income of a Old Lyme (zip 06371) resident is $49,193 a year. The US average is $28,555 a year.
- The Median household income of a Old Lyme (zip 06371) resident is $113,634 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyOld Lyme, ConnecticutUnited States
  9.26
  -10.1%-6.2%
  31.1%33.5%
  6.4%6.2%
  5.0%4.6%
  $73,770$37,638
  $113,634$69,021
  $142,639$85,028
  Population by Occupation
  0.2%1.2%
  0.0%0.5%
  8.3%6.8%
  13.2%10.0%
  3.2%2.5%
  10.2%11.0%
  2.5%4.8%
  0.6%0.8%
  1.1%1.9%
  4.8%4.7%
  2.5%1.9%
  10.6%7.6%
  0.0%0.1%
  4.5%4.2%
  13.1%9.3%
  11.8%14.0%
  3.0%2.1%
  5.2%7.0%
  2.7%4.8%
  2.6%4.7%
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