For Connecticut businesses – and prospective businesses – looking to learn more about what’s happening and what’s changing in Connecticut’s 169 towns, the latest metrics provided in newly released CERC Town Profiles™ provide data-driven insight. In addition to the popular two-page summaries of current data for each of Connecticut’s 169 municipalities, users can compare geographies in a wide range of indicators and over time. New categories of data, collected for the first time, reveal more about the state’s communities in ways that can boost economic development efforts.
Among the new categories included in the new CERC Town Profiles™, which were developed jointly with the Connecticut Data Collaborative, are levels of self-employment in towns and cities statewide, the affordability of rental units, and the number of veterans that live in each community. Overall, the profiles include detailed demographic, economic, housing, education, government and workplace data, sorted by town or city.
Three years of PDF profiles are now available to offer a window into trends across the state and in all municipalities. Users can explore current datasets on ctdata.org to develop comparisons, and all data can be accessed at no cost to users.
“The CERC Town Profiles are a proven resource, and we continue to add additional data that can provide deeper analysis and side-by-side comparisons. That provides economic development and real estate professionals, municipal officials, and policy makers with more comprehensive and reliable information to assist in future growth strategies, planning and decision making,” said Alissa DeJonge, Vice President of Research at the Connecticut Economic Resource Center, Inc. (CERC).
Among the town-by-town comparisons that are available in the new release of data:
- Cornwall has the highest estimated percentage of self-employed adults in town, at 39.4%, followed by Lyme (29.8%), Canaan (28.4%), Easton (28.3%), Roxbury (28%) and Sharon (27.4%).
- The median monthly rent in Connecticut is estimated at $1,094. Communities with the highest estimated median monthly rental costs include Darien ($2,803), Weston ($2,579), Wilton ($2,264), Warren ($2,089) and New Canaan ($1,932). The lowest: Harwinton ($636), Windham ($774) and Norfolk ($806).
- In 10 Connecticut municipalities, more than 70 percent of renting households are considered “cost-burdened.” The federal government defines cost-burdened families as those “who pay more than 30 percent of their income for housing” and “may have difficulty affording necessities such as food, clothing, transportation, and medical care.” The towns are Preston, Lyme, Deep River, Marlborough, Somers, Sharon, Westbook, Warren, Voluntown, and Haddam.
- It is estimated that there are almost 200,000 veterans living in Connecticut. The largest veteran populations are in Bridgeport (4,442) and Waterbury (4,205). Eleven other cities and towns have more than 3,000 veterans: New Haven (3,745), Groton (3,644), Bristol (3,590), Stamford (3,455), West Haven (3,394), Enfield (3,308), Meriden (3,302) Norwalk (3,209), Danbury (3,167), Norwich (3,100) and Milford (3,033).
The CERC Town Profiles™ are updated annually, and indicator data are updated on profiles.ctdata.org as they become available. The profiles serve a broad audience and can be utilized in a number of ways, including:
- Entrepreneurs who need to determine markets
- Real estate professionals who need to portray a region
- Economic development professionals preparing context for grant and other funding requests
- Businesses seeking to expand in, or relocate to, Connecticut
- Organizations and associations seeking data about specific municipalities, regions or populations
- The general public interested in learning more about their current or potential hometown
Data is drawn from the U.S. Census, Connecticut Department of Labor and Office of Policy and Management, Federal Bureau of Investigation, and other sources. To learn more, visit cerc.com/townprofiles.