Top Ten Most Expensive CT Cities
With a 2005 median family income of $75,541, Connecticut ranks first in the nation, due in part to the substantial number of state residents who earn their high salaries in the neighboring financial center of New York City. The state also boasts the fourth highest percentage of college-educated residents (approximately 36 percent) and is home to Ivy League standout Yale University, which frequently claims the top ratings in national surveys of research universities and law schools.
Long known as the "insurance capital" of the United States, Connecticut is headquarters to a number of other important industries, including high tech services and manufacturing (General Electric, GTE, Xerox, Pitney Bowes), other financial services (Deloitte & Touche, Dun & Bradstreet), aerospace and defense (United Technologies, General Dynamics/Electric Boat), paper manufacturing (Champion International), and more. In 1997, 22 of the 500 largest companies in the United States were headquartered in Connecticut.
The third-smallest state in terms of land area, Connecticut's population of about 3.5 million is largely concentrated in several medium-sized cities: Stamford, Bridgeport, Norwalk and New Haven along the south-central coast, Hartford, Waterbury and New Britain in the central part of the state, Danbury in the southwest and Groton-New London on the northern coast. The northwestern corner of Connecticut is largely rural.
In spite of the state's impressive median family income, a significant gap separates the wealthy enclaves of Greenwich and Fairfield County from the blighted neighborhoods of Bridgeport, Hartford and New Haven, which have struggled in recent years with high levels of poverty, unemployment and crime. In 1991, the financial plight of Connecticut's urban centers propelled newly elected Governor Lowell Weicker, an independent, to propose adopting the state's first ever broad-based state income tax, a move that was widely controversial at the time but eventually became law.
Connecticut's four-season climate is relatively mild compared with other New England states. Although variable in temperature, the climate is moderated substantially by air masses coming in from Long Island Sound. The topography of the state is mostly hilly, with the extremes of heat in the summer and cold in the winter, as well as greater precipitation, generally occurring in the higher elevation northwest corner. Annual precipitation statewide averages around 46 inches.
Though nicknamed the "Nutmeg State," nutmeg (a tropical fruit) is not grown in Connecticut. However, the state's temperate climate is favorable to growing a wide range of crops, from peaches to nursery plants, and its primary agricultural products are dairy, eggs, cattle, and tobacco. Connecticut's oyster harvest is second only to Louisiana's in terms of pounds per year landed.
|NUMBER OF HOMES AND APARTMENTS||1,371,087|
|CONNECTICUT HOME OWNERSHIP|
|% OWNER OCCUPIED||69.56%|
|% RENTER OCCUPIED||30.34%|
|TYPE OF CONNECTICUT HOMES|
|SINGLE FAMILY DETACHED||60.81%|
|ROWHOUSES AND ATTACHED HOMES||5.07%|
|SMALL APARTMENT BUILDINGS||16.63%|
|COMPLEXES OF HIGH RISE APARTMENTS||16.62%|
|SIZE OF CONNECTICUT HOMES|
|5 OR MORE BEDROOMS||4.75%|
|AGE OF CONNECTICUT HOMES|
|NEWER HOMES (2000 OR LATER)||6.19%|
|ESTABLISHED, BUT NOT OLD HOMES (1970-1999)||34.13%|
|WELL-ESTABLISHED, OLD HOMES (1940-1969)||36.65%|
|HISTORIC (1939 OR BEFORE)||22.97%|
|CONNECTICUT REAL ESTATE INFORMATION||DETAILS|
|MEDIAN HOME VALUE||$271,239|
|MEDIAN RENTAL PRICE||$994|
|HOME VALUE RANGE|
|$0 - $49,000||1.94%|
|$49,001 - $97,000||2.74%|
|$97,001 - $195,000||22.24%|
|$195,001 - $292,000||28.78%|
|$292,001 - $389,000||18.07%|
|$389,001 - $487,000||9.41%|
|$487,001 - $730,000||9.06%|
|$730,001 - $973,000||3.38%|
|PEOPLE OF CONNECTICUT||DETAILS|
|UNDER 5 YEARS||5.65%|
|5 TO 17||17.20%|
|18 TO 24||9.14%|
|25 TO 34||11.76%|
|35 TO 54||29.66%|
|55 TO 64||12.41%|
|65 YEARS AND OVER||14.16%|
|EDUCATION ATTAINMENT OF ADULTS|
|HIGH SCHOOL GRADUATES||87.99%|
|MEDIAN HOUSEHOLD INCOME||$75,893|
|PER CAPITA INCOME||$36,814|
|INDIVIDUALS BELOW POVERTY LEVEL||9.49%|
|INDUSTRIES PEOPLE WORK IN||Education (24.83%)
Professional, scientific, and technical services (10.75%)
Public Service (3.77%)
Information Technology (2.60%)
|BLACK OR AFRICAN AMERICAN||10.14%|
|AMERICAN INDIAN AND ALASKA NATIVE||0.31%|
|NATIVE HAWAIIAN AND OTHER PACIFIC ISLANDERS||0.04%|
|SOME OTHER RACE ALONE||5.55%|
|TWO OR MORE RACES||2.59%|
|HISPANIC OR LATINO (OF ANY RACE)||13.40%|
|ETHNICITIES PRESENT||Other groups (23.66%)
French Canadian (2.21%)
|LANGUAGES SPOKEN||English (79.41%)
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