Zip 06516 (West Haven, CT) Economy


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West Haven, CT (ZIP code 06516) is an area of Connecticut with a 2 bedroom rent of $1,620 which is slightly higher than the US average of $1,430. The Grocery Cost Index in this area is 105 which is 5 points higher than the standard US rate. As such, West Haven can be a more expensive place to live. For those looking to purchase local goods within this ZIP code there are various options such as Stop & Shop Supermarket, Price Rite Supermarket, and the West Haven Market. Other local companies in the area include Fisherman's Wharf Seafood Market, Tano's Pizza Cafe & Restaurant, and Mezzo Grille.

West Haven (zip 06516) has an unemployment rate of 8.7%. The US average is 6.0%.

West Haven (zip 06516) has seen the job market decrease by -0.4% over the last year. Future job growth over the next ten years is predicted to be 26.8%, which is lower than the US average of 33.5%.

Tax Rates for West Haven (zip 06516)
- The Sales Tax Rate for West Haven (zip 06516) is 6.4%. The US average is 7.3%.
- The Income Tax Rate for West Haven (zip 06516) 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 West Haven (zip 06516)
- The average income of a West Haven (zip 06516) resident is $25,718 a year. The US average is $28,555 a year.
- The Median household income of a West Haven (zip 06516) resident is $66,868 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWest Haven, ConnecticutUnited States
  8.76
  -4.9%-6.2%
  26.8%33.5%
  6.4%6.2%
  5.0%4.6%
  $31,600$37,638
  $66,868$69,021
  $82,347$85,028
  Population by Occupation
  0.2%1.2%
  0.0%0.5%
  6.0%6.8%
  8.7%10.0%
  2.3%2.5%
  10.9%11.0%
  6.5%4.8%
  0.9%0.8%
  1.0%1.9%
  4.1%4.7%
  1.0%1.9%
  4.4%7.6%
  0.1%0.1%
  3.7%4.2%
  10.7%9.3%
  20.3%14.0%
  2.0%2.1%
  9.7%7.0%
  4.5%4.8%
  2.8%4.7%
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