Wonder

Connecticut Towns Livability

Delivered February 26, 2020. Contributor: Jeffery O.

Goals

To establish that the Connecticut cities, New Haven, Hartford, and Stamford are capable of attracting and retaining millennials by providing statistics and insights on the cities' vibrant/diverse cultures, quality of life and millennial-appealing attractions.

Early Findings

Comparison of New Haven to New YorkThe median age of New Haven residents is 30.7 years. This is lower the median age of New YorkCity residents of 36.9 years. 
New Haven has a population of about 130,884 people and about 59,830 of them (45.7%) are employed. New York City has a population of about 8.4 million people and about 4.09 million of them (48.7%) are employed.
In New York City, the median property value is $645,100 while in New Haven, it is $189,400.
Insights on New Haven's Migration AttractivenessAccording to findings from the U.S. Census Bureau’s 2017 American Community Survey, millennials account for 22% of the entire population of the New Haven-Milford area, and 75% of all recent movers into the area. 
As of 2017, the median income for all millennials moving into the New Haven-Milford area was $54,800. The town alone is home to 20 biotech companies. 
According to a 2017 study, all millennials in New Haven could afford to buy 29% of the available housing.
New Haven is home to growing technology incubation and maker spaces such as MakeHaven and District New Haven, which has an innovation campus where about 50 companies and startups work. 
According to the National Venture Capital Association, New Haven had the third highest annual venture capital investments nation-wide from 2013 through 2018. 

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