Capitol Planning Region Market Trends
Economic Outlook
Average Taxable Income per Tax Return in Capitol Planning Region, CT over the last 1 years
Over the past year in Capitol Planning Region, CT, the average taxable income per tax return neared $95,154.86. This impressive figure underscores a robust local economy, making the area appealing for potential investors, new residents, and property developers seeking steady economic activity and income levels.
Average Total Tax Liability Per Tax Return in Capitol Planning Region, CT Over the Last 1 Years
The average total tax liability per tax return in the Capitol Planning Region, Connecticut, was $17,171.99 in 2021, reflecting significant tax obligations for residents. For potential investors or those considering moving to the area, this figure underscores the importance of factoring tax liabilities into financial planning and investment decisions. Those looking to build property or relocate should be aware of these costs to maintain a clear picture of overall expenses and optimize their financial strategies.
Cost of Living in Capitol Planning Region
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|
Safety trends & Data
Property Crime Trends in Capitol Planning Region, CT Over the Last 5 Years
The Capitol Planning Region of Connecticut has experienced a significant decline in property crimes over the past five years, with notable reductions in burglary, larceny-theft, and embezzlement rates. While larceny-theft incidents dropped from 3074 in 2018 to 1908 in 2022, burglary cases also fell substantially from 478 to 266 over the same period. Conversely, vandalism saw slight fluctuations but ended with an increase to 501 cases in 2022. For potential investors, appraisers, and real estate agents, these trends may suggest improved property security and stability in the region, possibly impacting property values and insurance premiums favorably. However, the uptick in motor vehicle theft could be a concern for those relocating or considering real estate developments.
Demographics
In the Capitol Planning Region of Connecticut, 2022 demographic data indicates an almost even adult gender split, with females slightly outnumbering males, highlighting a minor gender disparity that might influence community planning and services. The region's educational attainment showcases a diverse spectrum, with a substantial portion holding high school diplomas or higher degrees, suggesting that the workforce might be relatively skilled and educational services robust. Age distribution... Read more
