Southeastern Connecticut Planning Region Market Trends
Economic Outlook
Average Taxable Income per Tax Return in Southeastern Connecticut Planning Region, CT over the last 1 years
Southeastern Connecticut Planning Region has seen an average taxable income per tax return of $79,816.07 in 2021. This figure is indicative of a relatively affluent community, making it an attractive spot for potential investors, new residents, and property developers. Being part of a wealthier region suggests a strong economic base and potential for growth, appealing to those interested in a stable and prosperous environment.
Average Total Tax Liability Per Tax Return in Southeastern Connecticut Planning Region, CT Over the Last 1 Years
Over the past year, the Southeastern Connecticut Planning Region has seen an average total tax liability per tax return of $12,693.56. This trend highlights the region's tax burden, which is an important consideration for potential investors, builders, and residents. The financial obligations here may influence decisions regarding property investments and relocations.
Cost of Living in Southeastern Connecticut Planning Region
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Safety trends & Data
Property Crime Trends in Southeastern Connecticut Planning Region, CT Over the Last 5 Years
Investors and those considering a move to the Southeastern Connecticut Planning Region might notice that larceny-theft remains a significant concern, with the highest incidence each year from 2018 to 2022, peaking at 710 cases in 2018. Vandalism is another notable issue, consistently high but showing some fluctuations. Burglaries and motor vehicle thefts have remained relatively steady, though there was a noticeable spike in burglary cases in 2020. More minor offenses like embezzlement and arson have seen lower and somewhat variable numbers. While ups and downs in crime rates are observable, these trends might influence decisions around property investments and risk management strategies such as insurance scope and real estate development.
Demographics
Southeastern Connecticut displays an almost evenly split gender population and exhibits an interesting educational landscape with a substantial portion holding high school diplomas or pursuing higher education. The age distribution signals a balanced mix of young adults and middle-aged individuals, with notable populations under 10 years and over 65 years. Racially, the region is predominantly White, with smaller populations of Black or African American and Asian residents. These trends hint at... Read more
