Northeastern Connecticut Planning Region Market Trends
Economic Outlook
Average Taxable Income per Tax Return in Northeastern Connecticut Planning Region, CT over the last 1 years
The average taxable income per tax return in the Northeastern Connecticut Planning Region saw a notable figure of $75,889.48 in 2021. This high-income trend positions the area as an appealing spot for potential investors and those considering residing here, indicating a financially robust community. This level of taxable income also suggests strong economic activity and the potential for a stable property market, making it an attractive option for builders and developers.
Average Total Tax Liability Per Tax Return in Northeastern Connecticut Planning Region, CT Over the Last 1 Years
In 2021, the Northeastern Connecticut Planning Region saw an average total tax liability per tax return reaching an impressive $11,020.81. This significant figure underlines the region's fiscal environment, making it essential for potential investors, new residents, and property developers to consider the tax implications when planning their financial strategies.
Cost of Living in Northeastern Connecticut Planning Region
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Safety trends & Data
Property Crime Trends in Northeastern Connecticut Planning Region, CT Over the Last 5 Years
Property crime trends in Northeastern Connecticut Planning Region show some fluctuations over the last five years. Larceny-theft consistently tops the list with values ranging from 32.0 to 55.0 arrests annually, suggesting it might be the most frequent property crime in the region. Burglary has seen a gradual decrease from 15.0 arrests in 2018 to just 7.0 in 2022, possibly indicating enhanced security or effective law enforcement strategies. Vandalism remains notable, with its numbers peaking at 34.0 in 2021. Motor vehicle thefts also exhibit variability, with a slight increase in 2019 but showing better control by 2022. Fraud and forgery are relatively low in terms of occurrences but have minor upticks and drops. Observing these patterns may be essential for potential investors, homebuyers, and insurance agents evaluating the area's safety and risk levels.
Demographics
The Northeastern Connecticut Planning Region features a nearly even gender split among its adult population, suggesting balanced representation in community activities and services. Educational attainment shows a significant portion of residents holding only a high school diploma or some college experience, hinting at potential opportunities and needs for adult education and workforce development programs. Age distribution data imply a considerable adult population in the 55 to 64 years range,... Read more
