Waterbury, Connecticut (06704) is a great place to call home. The two bedroom rent is $1,290 per month, making it more affordable than the national average of $1,430. Groceries are also cheaper with a grocery cost index of 102 compared to the US's 100. Waterbury has many local businesses that can cater to all kinds of needs. For example, there are supermarkets such as Stop & Shop and Big Y for groceries and general goods; car dealerships like Cole Chevrolet and Southington Auto Mall for vehicle servicing and purchasing; restaurants like Rustic Restaurant & Bar and Downtown Cafe and Bakery; clothing stores like Plato’s Closet or Goodwill; plus much more!
Waterbury (zip 06704) has an unemployment rate of 13.0%. The US average is 6.0%.
Waterbury (zip 06704) has seen the job market decrease by -7.0% 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 06704)
- The Sales Tax Rate for Waterbury (zip 06704) is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Waterbury (zip 06704) 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 06704)
- The average income of a Waterbury (zip 06704) resident is $25,333 a year. The US average is $37,638 a year.
- The Median household income of a Waterbury (zip 06704) resident is $45,126 a year. The US average is $69,021 a year.