State snapshot: Connecticut

Vital statistics

Population:

State - 3,282,031 (ranks 29th in nation)

Hartford area - 1,143,859

Stamford area - 332,941

Unemployment rate:

State - 2.5% (national - 4.0%)

Hartford - 2.6%

Stamford - 1.5%

Median housing cost(*):

National - $137,800

Hartford - $161,800

Business outlook

Top industries: Financial services, insurance, manufacturing, retail trade

Top employers: General Electric, Aetna, United Technologies, Xerox, Pitney Bowes, Union Carbide

Economic outlook: Economic growth continues, although the pace of economic expansion is slowing. The labor market is tight, and good property is in short supply, leading to an increase in home prices.

Tax situation: Connecticut residents are among the most heavily taxed in the country. The sales tax rate is 6.0 percent, and the state income tax rate is 4.5 percent. Although there is no state property tax, most counties levy property taxes.

Local talk

"Driven by e-business initiatives that didn't exist before, the job market is fabulous, with good opportunities and a lot of competition for good people."

-- Nora Siegel, senior recruiter, The Cambridge Group, Westport, Conn.

IT salaries, large companies

Stamford

Vice president, IS - $241,255

IS director - $205,009

Network services - $129,635

Web resources

InConnecticut.com - www.inconnecticut.com

Comcast Online's portal includes white pages, entertainment listings, and a weekly column devoted to digital business.

WebguideConnecticut.com - www.webguideconnecticut.com

The site serves as a search engine, directory, Web guide, and mapping service.

(*) National Assoc. of Realtors provides no data for Stamford.

Source: U.S. CENSUS BUREAU, BUREAU OF LABOR STATISTICS, NATIONAL ASSOCIATION OF REALTORS, FEDERAL RESERVE BOARD, RELOCATION CENTRAL, POSITIVE SUPPORT REVIEW SALARY SURVEY

This story, "State snapshot: Connecticut" was originally published by InfoWorld.

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