Waterbury, CT (06705) is a vibrant city located between Hartford and New Haven. It has a population of around 110,000 and is known for its large manufacturing base. The average 2 bedroom rent in Waterbury is $1,470 which is slightly higher than the US average 2 bedroom rent of $1,430. Additionally, the Grocery Cost Index in Waterbury is 102 versus 100 in the US. This means that groceries are slightly more expensive than other areas of the US.
For those looking to stay in the area, major local companies include Timex Group USA Inc., Waterbury Hospital, and Webster Bank NA. There are also numerous smaller businesses such as Praga Restaurant and Lounge and Donut Crazy. Waterbury offers affordable housing with many apartment complexes offering flexible terms so finding suitable rental accommodations should not be difficult.
Waterbury (zip 06705) has an unemployment rate of 13.0%. The US average is 6.0%.
Waterbury (zip 06705) 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 06705)
- The Sales Tax Rate for Waterbury (zip 06705) is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Waterbury (zip 06705) 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 06705)
- The average income of a Waterbury (zip 06705) resident is $23,969 a year. The US average is $28,555 a year.
- The Median household income of a Waterbury (zip 06705) resident is $50,299 a year. The US average is $69,021 a year.