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 7,521 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.
Old Lyme is a decidedly white-collar town, with fully 87.49% of the workforce employed in white-collar jobs, well above the national average. 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 (16.91%), teaching (12.73%), and sales jobs (10.14%).
Telecommuters are a relatively large percentage of the workforce: 9.34% of people work from home. While this number may seem small overall, as a fraction of the total workforce it is high relative to the nation. 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.
Another notable thing is that Old Lyme is an extremely popular destination for tourists and seasonal residents. So much of the population is seasonal such that the town’s population swells significantly during the vacation season, and drops again when the season ends. Because of this, much of the local economy is centered around tourism; some businesses may be operated only during the high season. During the low season, year-round residents will notice that the city is a substantially quieter place to live.
In addition, Old Lyme is home to many people who could be described as "urban sophisticates". Urban sophisticates are people who are both educated and wealthy, and thus tend to be older, richer, and more established than young professionals. "Urban sophisticates" is not just about being educated and well-off financially: it is a point of view and state of mind, one that you might call 'urbaneness'. But such people can and do regularly live in small towns, suburbs and rural areas, as well as in big cities. They read, support the arts and high-end shops, and love travel.
Because of many things, Old Lyme is a great place for families with children to consider. First of all, many other families with children live here, making Old Lyme a place where both parents and children are more likely to develop social ties with other families, as well as find family-oriented services and community. The town’s good public school district and large population of college-educated adults provide an environment conducive to academic values. With regard to real estate, Old Lyme has a high rate of owner-occupied single family homes, which tends to reflect stability in the local community. Finally, Old Lyme’s overall crime rate is lower than average for the country.
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. 52.38% 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 2010 was $46,429, which is upper middle income relative to Connecticut, and wealthy relative to the rest of the US. This equates to an annual income of $185,716 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 Asian. Important ancestries of people in Old Lyme include English, Italian, German, and Polish.
The most common language spoken in Old Lyme is English. Other important languages spoken here include Italian and Spanish.