Prospect, Connecticut (06712) is a small town in New Haven County with a population of around 10,000 people as of 2018. It’s known for its friendly atmosphere and relatively low cost of living with a 2 Bedroom rent at $1,600 versus the US average of $1,430. The Grocery Cost Index in Prospect is 107 versus 100 in the US. There are several local companies and retailers that serve the Prospect community including Prospect Variety Store for groceries and household items, K&K Automotive Repair for auto services, G&L Home Improvement for home improvement projects, and Doyle’s Restaurant & Pub for dining out. All these shops combine to give Prospect residents all necessary services while also maintaining an inviting atmosphere that makes it such a great place to live.
Prospect (zip 06712) has an unemployment rate of 8.5%. The US average is 6.0%.
Prospect (zip 06712) has seen the job market decrease by -5.7% over the last year. Future job growth over the next ten years is predicted to be 27.5%, which is lower than the US average of 33.5%.
Tax Rates for Prospect (zip 06712)
- The Sales Tax Rate for Prospect (zip 06712) is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Prospect (zip 06712) 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 Prospect (zip 06712)
- The average income of a Prospect (zip 06712) resident is $43,881 a year. The US average is $37,638 a year.
- The Median household income of a Prospect (zip 06712) resident is $109,800 a year. The US average is $69,021 a year.