Zip 06702 (Waterbury, CT) Economy


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Waterbury, Connecticut (06702) is a great place to call home. The average two bedroom rent is $1,120, which is lower than the US average of $1,430. So you can have more money left over to enjoy the city and all it has to offer. There are plenty of local companies in the area such as Timex Group USA Inc., Webster Bank, St Mary’s Hospital and Waterbury Public Schools. The grocery cost index in Waterbury is 102 versus 100 in the US so you can feed your family for less! For entertainment there are numerous outdoor activities such as skiing at Ski Sundown, fishing at Hop Brook Lake or playing golf at Southington Country Club. With its affordable living costs and abundance of amenities, it's no wonder why so many people choose Waterbury as their permanent home.

Waterbury (zip 06702) has an unemployment rate of 13.0%. The US average is 6.0%.

Waterbury (zip 06702) has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 22.0%, which is lower than the US average of 33.5%.

Tax Rates for Waterbury (zip 06702)
- The Sales Tax Rate for Waterbury (zip 06702) is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Waterbury (zip 06702) 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 Waterbury (zip 06702)
- The average income of a Waterbury (zip 06702) resident is $11,916 a year. The US average is $28,555 a year.
- The Median household income of a Waterbury (zip 06702) resident is $11,830 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWaterbury, ConnecticutUnited States
  136
  -7.0%-6.2%
  22.0%33.5%
  6.4%6.2%
  5.0%4.6%
  $13,710$37,638
  $11,830$69,021
  $19,797$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  3.9%6.8%
  5.0%10.0%
  0.0%2.5%
  24.0%11.0%
  3.0%4.8%
  0.0%0.8%
  0.2%1.9%
  7.1%4.7%
  2.6%1.9%
  0.0%7.6%
  0.0%0.1%
  3.2%4.2%
  3.4%9.3%
  21.8%14.0%
  0.0%2.1%
  18.8%7.0%
  2.8%4.8%
  4.3%4.7%
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