The small town of Torrington, Connecticut is an ideal place to call home. With a two bedroom rent of only $1,100 and a grocery cost index just 4 points higher than the US average, this charming city offers a great quality of life at an affordable cost. The local businesses of Torrington are varied and numerous. Some of the more prominent establishments include Litchfield Bancorp Inc., a financial services company; The Torrington Company, a manufacturer of bearings and industrial power transmission products; the Torrington Public Library; Convery's Family Pharmacy; and the Yankee Pedlar Inn, one of the oldest hotels in continuous operation in America. All these businesses contribute to makingTorrington an attractive place to live.
Torrington (zip 06790) has an unemployment rate of 10.0%. The US average is 6.0%.
Torrington (zip 06790) has seen the job market decrease by -1.2% over the last year. Future job growth over the next ten years is predicted to be 17.4%, which is lower than the US average of 33.5%.
Tax Rates for Torrington (zip 06790)
- The Sales Tax Rate for Torrington (zip 06790) is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Torrington (zip 06790) 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 Torrington (zip 06790)
- The average income of a Torrington (zip 06790) resident is $28,457 a year. The US average is $28,555 a year.
- The Median household income of a Torrington (zip 06790) resident is $63,308 a year. The US average is $69,021 a year.