State Snapshot: Connecticut

As companies move to the e-business model, career opportunities for IT professionals abound -- especially in the large commercial centers.

Vital statistics

Population:

State - 3,282,031 (ranks 29th in nation)Hartford area - 1,143,859Stamford area - 332,941Unemployment 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 tradeTop employers: General Electric Co., Aetna Inc., United Technologies Corp., Xerox Corp., Pitney Bowes, Union CarbideEconomic 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.comComcast Online's portal includes white pages, entertainment listings, and a weekly column devoted to digital business.

WebguideConnecticut.com - www.webguideconnecticut.comThe site serves as a search engine, directory, Web guide, and mapping service.

(*) U.S. National Association of Realtors provides no data for Stamford.

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

Join the newsletter!

Error: Please check your email address.

More about General ElectricPitney BowesUnited Technologies AustraliaXerox

Show Comments