Old Lyme is a somewhat small coastal town (i.e. on the ocean, a bay, or inlet) located in the state of Connecticut. With a population of 7,306 people and two constituent neighborhoods, Old Lyme is the 113th largest community in Connecticut.
Old Lyme home prices are not only among the most expensive in Connecticut, but Old Lyme real estate also consistently ranks among the most expensive in America.
Unlike some towns where white-collar or blue-collar occupations dominate the local economy, Old Lyme is neither predominantly one nor the other. Instead, it has a mixed workforce of both white- and blue-collar jobs. Overall, Old Lyme is a town of professionals, managers, and sales and office workers. There are especially a lot of people living in Old Lyme who work in management occupations (18.47%), teaching (11.89%), and sales jobs (10.38%).
One interesting thing about the economy is that relatively large numbers of people worked from their home: 7.99% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
In addition, Old Lyme is home to many people who could be described as "urban sophisticates", which are people who are not only wealthy and employed in professional occupations, but highly educated to boot. Urban sophisticates have urbane tastes - whether they reside in a big or small city, a suburb, or a little town. Urban sophisticates support bookstores, quality clothing stores, enjoy luxury travel, and in big cities, they are truly the patrons of the arts, attending and supporting institutions such as opera, symphony, ballet, and theatre.
Because of many things, Old Lyme is a very good place for families to consider. With an enviable combination of good schools, low crime, college-educated neighbors who tend to support education because of their own experiences, and a high rate of home ownership in predominantly single-family properties, Old Lyme really has some of the features that families look for when choosing a good community to raise children. Is Old Lyme perfect? Of course not, and if you like frenetic nightlife, it will be far from your cup of tea. But overall this is a solid community, with many things to recommend it as a family-friendly place to live.
Old Lyme is also nautical, which means that parts of it are somewhat historic and touch the ocean or tidal bodies of water, such as inlets and bays. Such areas are often places that visitors and locals go for waterfront activities or taking in the scenery.
If knowledge is power, Old Lyme is a pretty powerful place. 53.52% of the adults in Old Lyme have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns.
The per capita income in Old Lyme in 2018 was $56,674, which is wealthy relative to Connecticut and the nation. This equates to an annual income of $226,696 for a family of four.
The people who call Old Lyme home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Old Lyme residents report their race to be White, followed by Black or African-American. Important ancestries of people in Old Lyme include Irish, English, Italian, German, and Polish.
The most common language spoken in Old Lyme is English. Other important languages spoken here include Spanish and French.