All Stats
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CT’s cost of living is only 27% above the national average while New York City and Boston are 184% and 60% above the national average, respectively. Lightcast, 2021; AdvanceCT calculations
CT has over 5150 Financial Services establishments. Lightcast, 2021; AdvanceCT calculations
CT’s Arts and Cultural industries support more than 49,000 jobs. U.S. Bureau of Economic Analysis, 2020
CT has nearly 7,800 Finance and Insurance establishments. Lightcast, 2021
CT ranks #7 state for employed Science, Engineering, and Health Doctorate holders as a percentage of the workforce. National Science Foundation, 2019
CT ranks #7 in the US for STEM Location Quotient (LQ). Lightcast, 2021; U.S. Bureau of Labor Statistics, O*NET definition; AdvanceCT calculations
CT has more than 54,000 insurance employees. CT Department of Labor; QCEW, 2021; AdvanceCT calculations
CT has over 1,270 insurance companies. PwC, Connecticut Insurance Department, 2022
For every new job in Connecticut’s bioscience industry, 2.6 jobs are created. Lightcast, 2021
CT ranks #4 on the Human Capital Investment & Composite Index. Milken Institute, 2022
CT has over 12 Medical Equipment and Supplies Manufacturing establishments. Lightcast, 2021
CT has more than 19,000 bioscience jobs across more than 700 establishments. Lightcast, 2021
CT has nearly 23,000 bioscience workers in more than 1,300 bioscience industry companies. TEConomy/BIO, 2020
CT ranks #5 state for lowest violent crime rate. Lightcast, 2021; AdvanceCT calculations
CT ranks 4th lowest state in total energy consumption per dollar of real GDP in 2020. U.S. Energy Information Administration, 2022
CT ranks #2 in the U.S. for patent activity. Bloomberg, State Innovation Index, 2020
CT ranks #8 Greenest State in the U.S. WalletHub, 2022
CT ranks #2 in the U.S. for women’s health and safety. WalletHub, 2022
CT ranks #2 for best high schools in the U.S. U.S. News & World Report, 2021
CT ranks #2 for best public-school systems in the U.S. WalletHub, 2022
CT ranks #1 in the U.S. for Best Community College System. WalletHub, 2022
CT ranks #3 in the U.S. for access to healthcare. U.S. News & World Report, 2021
CT ranks #2 happiest state in the U.S. NiceRx, 2021
CT is the #1 lowest state contributor to climate change. WalletHub, 2022
CT ranks #7 in the U.S. for the percentage of workforce supported by international investment. U.S. Bureau of Economic Analysis, 2021
CT is #4 in the U.S. for Knowledge Jobs. Information Technology & Innovation Foundation, 2020
CT ranks #2 in educational opportunity. Opportunity Index, 2019
CT is #1 in the U.S. for insurance employment as a percentage of total employment. Lightcast, 2021; AdvanceCT calculations
CT ranks #5 on the Manufacturing Value Added Index Score. Information Technology & Innovation Foundation, 2020.
CT ranks #5 in the nation for Childcare. WalletHub, 2022
CT ranks #3 for Best Overall Healthcare in the nation. U.S. News & World Report, 2021
CT ranks #1 in the U.S. for new Captive Insurance company formation. Captive Review, 2021
CT is #3 in the U.S. for Offshore Wind Power Development Business Facilities Magazine, 2022
$18.4 billion in defense contracts were spent in CT in 2021, 7th highest in the nation. U.S. Department of Defense, 2021
CT ranks 3rd highest state for defense spending per resident. U.S. Department of Defense, 2021
CT ranks #5 in the nation for concentration of engineers. Lightcast, 2021; AdvanceCT calculations
CT is home to 240 Aerospace and Defense Manufacturing establishments. Lightcast, 2021; AdvanceCT calculations
CT ranks #1 in the U.S. for Aircraft Engine & Engine Parts Manufacturing, for both Jobs and Gross Product. Lightcast, 2021; AdvanceCT calculations
CT ranks #10 state for Venture Capital Deals per capita. Pitchbook, 2022; U.S. Census Bureau 2021 Population Estimate; AdvanceCT calculations
CT is #2 for LGBTQ+ business climate. Out Leadership, 2022
CT ranks #7 state for gender equality. U.S. News, 2022
CT ranks #3 for PreK-12 education. U.S. News & World Report, 2021
CT ranks #2 on the American Dream Prosperity Index. Milken Center for Advancing the American Dream; Legatum Institute, 2022
CT ranks #1 for aerospace worker productivity. Lightcast, 2021; AdvanceCT calculations
CT ranks #2 for best internet, coverage, prices and speeds. BroadbandNow, 2022
CT ranks #4 state in the U.S. for overall health. United Health Foundation, 2022
CT ranks #4 in the nation for bioscience patents per capita. TEConomy/BIO, 2020
CT ranks #2 in the nation for academic bioscience R&D investments per capita. TEConomy/BIO, 2020
CT ranks #4 in the U.S. for most innovative economy. Bloomberg, State Innovation Index, 2020
CT ranks #7 in the U.S. for private R&D investment per capita — 55% more than nationally. National Science Foundation, 2018; U.S. Census Bureau, 2018; AdvanceCT calculations
CT ranks #8 in the U.S. for productivity. Bloomberg, State Innovation Index, 2020
CT ranks #2 in the nation as best state for working mothers. WalletHub, 2022
CT ranks #1 in the nation for college readiness. U.S. News & World Report, 2021
CT has a network of more than 4,300 manufacturing establishments. Lightcast, 2021
CT is the 9th most energy efficient state in the U.S. American Council for an Energy Efficient Economy, 2022
CT’s per capita personal income ranks 2nd nationally behind DC. U.S. Bureau of Economic Analysis, 2021; AdvanceCT calculations
CT ranks #3 for percentage of 25+ population with a graduate or professional degree. U.S. Census Bureau, ACS 1Y, 2021
CT ranks #9 on the State New Economy Index. Information Technology & Innovation Foundation, 2020
91.1% of Connecticut residents ages 25 and above hold a high school diploma. U.S. Census Bureau, ACS 1Y, 2021
34,000+ people in Connecticut are employed by Aerospace firms (No. 2 for most employment per capita in the U.S.). U.S. Census Bureau, CBP, 2020
15 of the nation’s Fortune 500 companies are headquartered in Connecticut (#2 state for Fortune 500 HQs per capita). Fortune 500, 2022 (Fortune 500, 2022; U.S. Census Bureau, Decennial 2020; AdvanceCT calculations)
$2.3 billion in venture capital was invested in Connecticut in 2021. Pitchbook, 2022
CT ranks #6 state for percentage of population (ages 25+) with bachelor’s degree or higher. 42.1% of CT adults have at least a Bachelor’s degree. U.S. Census Bureau, ACS 1Y, 2021
Connecticut has a higher concentration of actuaries than any other state. U.S. Bureau of Labor Statistics, OEWS, 2021; AdvanceCT calculations
Within 500 miles of Connecticut are states with over 29% of U.S. population, over 30% of U.S. business establishments, 30% of U.S. jobs, 32% of U.S. GDP. Also within 500 miles of Connecticut are Canadian provinces with 66% of Canada’s population, 62% of Canada’s business establishments, and 66% of Canada’s employment. U.S. Bureau of Economic Analysis, 2021; U.S. Bureau of Labor Statistics, 2021 Statistics Canada, 2021; AdvanceCT calculations
89% of Connecticut’s exporters are small businesses. National Association of Manufacturers, 2021
The top sources for FDI in Connecticut are Germany, United Kingdom, Canada, Netherlands, and Israel, respectively (by percent of greenfield projects). U.S. Department of Commerce, 2022
Bradley International was ranked 2nd Best Airport in the U.S. Conde Nast, 2022
CT is 3rd most educated state in U.S. WalletHub, 2022
CT ranks 7th among the states for number of aerospace engineers per capita. U.S. Bureau of Labor Statistics, 2021; U.S. Census Bureau, 2020; AdvanceCT calculations
CT #10 highest percentage of foreign born population. U.S. Census Bureau, ACS 5Y, 2020
92% of Connecticut’s exports are from manufacturers. National Association of Manufacturers, 2021
Connecticut manufacturers exported $14.6B in goods around the world in 2021. U.S. Department of Commerce, International Trade Administration, 2021