Greater Bridgeport Planning Region Market Trends
Economic Outlook
Average Taxable Income per Tax Return in Greater Bridgeport Planning Region, CT over the last 1 years
Greater Bridgeport Planning Region, CT saw an average taxable income per tax return of $109,637.92 in 2021. This significant income level suggests a relatively affluent area, making it an attractive option for investors and potential property buyers. Whether you're considering moving to the area, investing, or simply curious about the financial landscape, this data point underscores the region's economic viability and potential for growth.
Average Total Tax Liability Per Tax Return in Greater Bridgeport Planning Region, CT Over the Last 1 Years
Seeing an average total tax liability of $23,237.97 per tax return in 2021 within the Greater Bridgeport Planning Region, Connecticut indicates residents face a significant tax burden. This figure can impact decisions around investing, relocating, or establishing new ventures in the area, underscoring the importance of considering tax implications as part of broader financial planning.
Cost of Living in Greater Bridgeport Planning Region
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Safety trends & Data
Property Crime Trends in Greater Bridgeport Planning Region, CT Over the Last 5 Years
The Greater Bridgeport Planning Region in Connecticut has seen notable fluctuations in property crime trends over the past five years. While larceny-theft consistently topped the charts each year, the number of incidents varied, peaking in 2019 with 721.0 and dipping significantly in 2021 to 390.0 before a slight rebound in 2022. Burglary cases have shown a general downward trend, with an exception in 2021 when incidents slightly increased. Notably, motor vehicle theft spiked in 2020 at 68.0 but has since decreased. Crimes like embezzlement and fraud have remained relatively low but show minor yearly variations. These trends could influence real estate valuations, insurance premiums, and investment decisions in the region, with crime metrics being a crucial consideration for potential movers and investors.
Demographics
The Greater Bridgeport Planning Region in Connecticut shows distinct demographic trends worth noting. The population skews slightly toward females over males, which could influence market dynamics and social services demand. Educational attainment levels highlight a diverse range of academic achievements, with a noticeable proportion having high school diplomas, bachelor's degrees, and graduate-level education. The age distribution suggests a balanced spread across most age groups, which could... Read more
