Zip 06488 (Southbury, CT) Economy


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Southbury, CT 06488 is an affluent area that boasts a strong economy. The cost of living in Southbury is slightly higher than the national average, with an average 2 bedroom rent of $2,110 compared to the US average of $1,430. Additionally, the grocery cost index in Southbury is 107 compared to 100 nationally. Southbury’s economy is bolstered by companies such as Filatex USA Inc., Watermark Pointe LLC., and Petroverde LLC. Together these businesses provide hundreds of jobs for local residents and greatly contribute to the strength of Southbury's economy.

Southbury (zip 06488) has an unemployment rate of 7.6%. The US average is 6.0%.

Southbury (zip 06488) has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 26.3%, which is lower than the US average of 33.5%.

Tax Rates for Southbury (zip 06488)
- The Sales Tax Rate for Southbury (zip 06488) is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Southbury (zip 06488) 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 Southbury (zip 06488)
- The average income of a Southbury (zip 06488) resident is $60,080 a year. The US average is $37,638 a year.
- The Median household income of a Southbury (zip 06488) resident is $102,044 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySouthbury, ConnecticutUnited States
  7.66
  -7.5%-6.2%
  26.3%33.5%
  6.4%6.2%
  5.0%4.6%
  $60,080$37,638
  $102,044$69,021
  $140,444$85,028
  Population by Occupation
  0.8%1.2%
  0.1%0.5%
  4.9%6.8%
  12.7%10.0%
  1.1%2.5%
  11.2%11.0%
  2.6%4.8%
  1.1%0.8%
  2.2%1.9%
  4.7%4.7%
  1.4%1.9%
  14.6%7.6%
  0.0%0.1%
  2.0%4.2%
  13.2%9.3%
  15.8%14.0%
  2.7%2.1%
  3.1%7.0%
  3.7%4.8%
  2.0%4.7%
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