Zip 06480 (Portland, CT) Economy


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Portland, Connecticut is located in Middlesex County in the 06480 zip code. Portland's rental prices are lower than the national average of $1,430 for a two-bedroom apartment at only $1,410 per month. The cost of groceries is slightly higher in Portland than in the US overall with a grocery cost index of 106 versus 100 nationally. Portland residents can have access to shops such as Stop & Shop and Big Y grocery stores as well as places like Dunkin Donuts, McDonald’s and more to satisfy their dining needs. Other local businesses include Medi-Solve Coatings Inc., American Eagle Electrical Services Inc., and Harkness Industries Inc.

Portland (zip 06480) has an unemployment rate of 7.0%. The US average is 6.0%.

Portland (zip 06480) has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 29.8%, which is lower than the US average of 33.5%.

Tax Rates for Portland (zip 06480)
- The Sales Tax Rate for Portland (zip 06480) is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Portland (zip 06480) 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 Portland (zip 06480)
- The average income of a Portland (zip 06480) resident is $42,972 a year. The US average is $28,555 a year.
- The Median household income of a Portland (zip 06480) resident is $107,034 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyPortland, ConnecticutUnited States
  76
  -5.5%-6.2%
  29.8%33.5%
  6.4%6.2%
  5.0%4.6%
  $49,120$37,638
  $107,034$69,021
  $129,003$85,028
  Population by Occupation
  0.4%1.2%
  0.0%0.5%
  8.4%6.8%
  8.1%10.0%
  2.6%2.5%
  11.4%11.0%
  1.7%4.8%
  0.2%0.8%
  0.7%1.9%
  11.6%4.7%
  1.7%1.9%
  7.6%7.6%
  0.8%0.1%
  2.1%4.2%
  13.6%9.3%
  10.8%14.0%
  1.4%2.1%
  6.9%7.0%
  4.4%4.8%
  5.5%4.7%
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