Northwest Hills Planning Region Market Trends
Economic Outlook
Average Taxable Income per Tax Return in Northwest Hills Planning Region, CT over the last 1 years
Northwest Hills Planning Region, CT saw an average taxable income per tax return of $113,703.18 in 2021. This high income level highlights the area's wealth, making it attractive for potential investors, developers, and those looking to move to an affluent community. For residents and stakeholders, this denotes a robust local economy and can be a catalyst for further growth and increased property values.
Average Total Tax Liability Per Tax Return in Northwest Hills Planning Region, CT Over the Last 1 Years
The Northwest Hills Planning Region in Connecticut saw an average total tax liability per tax return of $23,048.69 in 2021. This figure is essential for potential investors and residents to understand the financial commitments involved. High tax liabilities can influence decisions around property investments and relocating, adding a critical financial dimension to consider in this region.
Cost of Living in Northwest Hills Planning Region
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Safety trends & Data
Property Crime Trends in Northwest Hills Planning Region, CT Over the Last 5 Years
Over the past five years in the Northwest Hills Planning Region, Connecticut, property crime trends suggest a general decline in burglary rates from 53.0 in 2018 to 24.0 in 2022, with notable fluctuations in larceny-theft occurrences starting at 289.0 in 2018 and dropping significantly to 119.0 by 2021 before a slight rise to 135.0 in 2022. Instances of vandalism remained relatively stable but showed a decreasing pattern over time, from 37.0 in 2018 to 25.0 by 2022. Arson cases have been minimal and seemingly sporadic, with a peak of 5.0 in 2020. Additionally, fraud cases saw variability, peaking at 22.0 in 2019 but settling at a lower 9.0 in 2022. Observing these trends could be crucial for real estate agents, investors, and insurance agents as they evaluate the safety and risk profiles of the region.
Demographics
The Northwest Hills Planning Region in Connecticut shows a nearly equal gender split among adults, with a slight female majority. Educational attainment highlights a well-educated populace with a significant portion having a bachelor's or graduate degree. The age distribution tends to lean towards an older demographic, specifically those aged 55-64 as the most prominent group. Despite being predominantly White, the region exhibits some racial diversity, particularly with a notable, though... Read more
