South Central Connecticut Planning Region Market Trends
Economic Outlook
Average Taxable Income per Tax Return in South Central Connecticut Planning Region, CT over the last 1 years
The average taxable income per tax return in the South Central Connecticut Planning Region for 2021 was $91,173.52. This figure highlights the area's economic health and potential for investment, indicating a relatively high-income base that can support local businesses and real estate developments. It also suggests a solid economic foundation, which can be attractive for those considering moving to or investing in the region.
Average Total Tax Liability Per Tax Return in South Central Connecticut Planning Region, CT Over the Last 1 Years
The average total tax liability per tax return in the South Central Connecticut Planning Region for 2021 was $16,485.97. This significant figure provides valuable insight for potential investors, homeowners, and residents, reflecting a notable financial commitment in the area. Understanding such tax obligations is crucial for effective financial planning and decision-making in this Connecticut locale.
Cost of Living in South Central Connecticut Planning Region
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Safety trends & Data
Property Crime Trends in South Central Connecticut Planning Region, CT Over the Last 5 Years
Over the past five years, the South Central Connecticut Planning Region has experienced a notable decrease in certain property crimes. Burglary incidents have steadily declined from 429.0 in 2018 to 233.0 in 2022, while larceny-theft cases also dropped from 2625.0 to 1712.0 during the same period. Motor vehicle theft remains relatively stable around the 160.00-200.00 range. Vandalism cases have fluctuated but show a general downward trend. Conversely, arson incidents saw an increase, reaching 21.0 in 2022. These trends are crucial for potential investors, real estate professionals, and residents as they impact property values, insurance premiums, and overall community safety perceptions.
Demographics
South Central Connecticut exhibits a balanced gender distribution with a slight female majority. The educational attainment appears diverse, yet a notable segment has at least a high school diploma, while a modest portion holds advanced degrees. The age distribution skews towards a higher proportion of middle-aged adults, reflecting potential socio-economic stability. Racially, the area is predominantly White, but there’s a presence of diverse racial groups contributing to the region’s... Read more
