Naugatuck Valley Planning Region Market Trends
Economic Outlook
Average Taxable Income per Tax Return in Naugatuck Valley Planning Region, CT over the last 1 years
Over the past year, the Naugatuck Valley Planning Region, CT saw an average taxable income per tax return of $79,673.42. This figure highlights the area's relative economic stability and attractiveness for potential investors and residents. For those considering building property or moving, this data point suggests a solid local economy, which is crucial for ensuring a good return on investment and a high quality of life.
Average Total Tax Liability Per Tax Return in Naugatuck Valley Planning Region, CT Over the Last 1 Years
The average total tax liability per tax return in the Naugatuck Valley Planning Region of Connecticut for 2021 was $12,865.55. For those looking to invest, move, or build property in this area, understanding the tax burden is crucial for financial planning and budgeting. Knowing this figure can help anticipate annual expenses and financial commitments in this region.
Cost of Living in Naugatuck Valley Planning Region
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Safety trends & Data
Property Crime Trends in Naugatuck Valley Planning Region, CT Over the Last 5 Years
Property crime in the Naugatuck Valley Planning Region, Connecticut, has shown mixed trends over the last five years. Arson remained relatively low and stable, while burglary incidents gradually decreased. Larceny-theft exhibited a downward trend in the middle years with a slight uptick in 2022. Motor vehicle thefts saw little fluctuation, largely maintaining consistency. Categories like embezzlement, fraud, and forgery-counterfeiting showed modest declines but didn't present significant variability year-over-year. Property appraisers, real estate agents, and insurance agents might find it useful to note the marked reduction in burglary, possibly indicating improving security or socio-economic conditions in the region.
Demographics
The Naugatuck Valley Planning Region in Connecticut has a slightly higher female population compared to males. Educationally, a substantial number of adults hold at least a high school diploma, but there’s a noticeable drop-off in higher education beyond a bachelor's degree. The adult population skews towards middle-aged, with a significant portion aged between 45 and 64 years. Racially, the region remains predominantly White, though there is a small yet present diversity with African... Read more
