New London, CT, zip code 06320 is a small city with a population of 25,031. The average two bedroom rental rate is $1,390 per month, which is lower than the US average of $1,430. The Grocery Cost Index in the area is 104, higher than the national index of 100. This means that local groceries are more expensive than those nationally.
There are many local businesses in New London that cater to its citizens' needs. These include restaurants like Dog Watch Cafe and On the Waterfront; financial institutions such as Liberty Bank and Chelsea Groton Bank; retail stores including Target and Walmart; and entertainment centers such as Hygienic Art Park and Garde Arts Center. There are also many boutiques and specialty shops located throughout the city for unique shopping experiences. With so many great options available to citizens of New London, it's easy to find something for everyone!
New London (zip 06320) has an unemployment rate of 13.2%. The US average is 6.0%.
New London (zip 06320) has seen the job market decrease by -10.5% over the last year. Future job growth over the next ten years is predicted to be 28.9%, which is lower than the US average of 33.5%.
Tax Rates for New London (zip 06320)
- The Sales Tax Rate for New London (zip 06320) is 6.4%. The US average is 7.3%.
- The Income Tax Rate for New London (zip 06320) is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing 黑料社区.
Income and Salaries for New London (zip 06320)
- The average income of a New London (zip 06320) resident is $28,777 a year. The US average is $37,638 a year.
- The Median household income of a New London (zip 06320) resident is $50,819 a year. The US average is $69,021 a year.