06716 Wolcott, CT is a small city located in New Haven County with a population of around 5,903 people according to the 2020 US Census. The average 2 bedroom rent in this area is $1,810 per month which is higher than the national average of $1,430. The Grocery Cost Index for this city is 105 compared to the US index of 100. There are a few local businesses that call 06716 home such as Wolcott Veterinary Hospital, House of Pizza, Carlsons Fencing and Freedom Convenience Store. Many other small shops can be found all throughout the town giving locals access to all their needs while keeping business local.
Wolcott (zip 06716) has an unemployment rate of 7.2%. The US average is 6.0%.
Wolcott (zip 06716) 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 27.1%, which is lower than the US average of 33.5%.
Tax Rates for Wolcott (zip 06716)
- The Sales Tax Rate for Wolcott (zip 06716) is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Wolcott (zip 06716) 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 Wolcott (zip 06716)
- The average income of a Wolcott (zip 06716) resident is $35,288 a year. The US average is $28,555 a year.
- The Median household income of a Wolcott (zip 06716) resident is $103,633 a year. The US average is $69,021 a year.