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Litchfield County, Connecticut Economic Analysis


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Economic Analysis

People and the communities they live in depend on money. The people of Litchfield County, Connecticut need food, shelter, clothing, and medical care. Business formation and job creation are essential to this community. Money sustains infrastructure such as roads and airports as well as human resources including fire rescue and police protection.

Energy Costs In Connecticut

    Residential
(cents per
kilowatthour)
Commercial
(cents per
kilowatthour)
Industrial
(cents per
kilowatthour)
Other
(cents per
kilowatthour)
Transportation
(cents per
kilowatthour)
Total
(cents per
kilowatthour)
1990              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 10.01 9.11 7.55 12.83 0.00 9.16
  Total Electric Industry 10.01 9.11 7.55 12.83 0.00 9.16
1991              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 10.51 9.49 7.93 13.42 0.00 9.60
  Total Electric Industry 10.51 9.49 7.93 13.42 0.00 9.60
1992              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 11.07 9.86 8.22 13.92 0.00 10.04
  Total Electric Industry 11.07 9.86 8.22 13.92 0.00 10.04
1993              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 11.39 10.04 8.29 14.08 0.00 10.26
  Total Electric Industry 11.39 10.04 8.29 14.08 0.00 10.26
1994              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 11.47 9.99 7.90 14.00 0.00 10.18
  Total Electric Industry 11.47 9.99 7.90 14.00 0.00 10.18
1995              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 11.95 10.33 7.94 14.38 0.00 10.50
  Total Electric Industry 11.95 10.33 7.94 14.38 0.00 10.50
1996              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 12.05 10.29 7.86 14.35 0.00 10.51
  Total Electric Industry 12.05 10.29 7.86 14.35 0.00 10.51
1997              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 12.13 10.28 7.76 14.52 0.00 10.52
  Total Electric Industry 12.13 10.28 7.76 14.52 0.00 10.52
1998              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 11.95 10.01 7.70 11.65 0.00 10.30
  Total Electric Industry 11.95 10.01 7.70 11.65 0.00 10.30
1999              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 11.46 9.69 7.42 10.93 0.00 9.96
  Total Electric Industry 11.46 9.69 7.42 10.93 0.00 9.96
2000              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 10.86 9.27 7.32 10.06 0.00 9.52
  Total Electric Industry 10.86 9.27 7.32 10.06 0.00 9.52
2001              
  Delivery-Only Service 4.48 4.40 0.00 0.00 0.00 4.48
  Energy-Only Providers 4.97 5.03 0.00 0.00 0.00 4.97
  Full-Service Providers 10.91 9.26 7.62 10.00 0.00 9.62
  Total Electric Industry 10.90 9.26 7.62 10.00 0.00 9.62
2002              
  Delivery-Only Service 5.22 4.54 3.05 12.97 0.00 4.34
  Energy-Only Providers 5.23 4.72 4.10 4.76 0.00 4.73
  Full-Service Providers 10.96 9.32 7.69 10.34 0.00 9.72
  Total Electric Industry 10.96 9.32 7.68 10.35 0.00 9.71
2003              
  Delivery-Only Service 5.19 4.66 3.11 0.00 0.00 4.53
  Energy-Only Providers 5.20 5.05 4.23 0.00 0.00 4.91
  Full-Service Providers 11.34 9.93 8.01 0.00 7.72 10.18
  Total Electric Industry 11.31 9.93 7.99 0.00 7.72 10.16
2004              
  Delivery-Only Service 5.34 4.45 2.82 0.00 0.00 4.42
  Energy-Only Providers 6.22 5.24 4.63 0.00 0.00 5.46
  Full-Service Providers 11.63 9.90 7.90 0.00 7.25 10.27
  Total Electric Industry 11.63 9.90 7.89 0.00 7.25 10.26
2005              
  Delivery-Only Service 6.22 5.02 2.71 0.00 0.00 5.37
  Energy-Only Providers 7.44 6.57 5.46 0.00 0.00 6.87
  Full-Service Providers 13.64 11.52 9.42 0.00 8.78 12.06
  Total Electric Industry 13.64 11.53 9.40 0.00 8.78 12.06
2006              
  Delivery-Only Service 6.28 5.14 3.14 0.00 0.00 5.04
  Energy-Only Providers 10.71 8.95 8.70 0.00 0.00 9.39
  Full-Service Providers 16.85 14.02 11.70 0.00 14.55 14.85
  Total Electric Industry 16.86 14.03 11.71 0.00 14.55 14.83

(updated 2006)



Time Leaving to Work in Litchfield County, Connecticut

12:00 A.M. TO 4:59 A.M.   : 2,318   (2.6%)
5:00 A.M. TO 5:29 A.M.   : 2,603   (2.9%)
5:30 A.M. TO 5:59 A.M.   : 4,508   (5.0%)
6:00 A.M. TO 6:29 A.M.   : 7,681   (8.5%)
6:30 A.M. TO 6:59 A.M.   : 11,150   (12.4%)
7:00 A.M. TO 7:29 A.M.   : 13,926   (15.4%)
7:30 A.M. TO 7:59 A.M.   : 14,280   (15.8%)
8:00 A.M. TO 8:29 A.M.   : 10,908   (12.1%)
8:30 A.M. TO 8:59 A.M.   : 5,865   (6.5%)
9:00 A.M. TO 9:59 A.M.   : 4,545   (5.0%)
10:00 A.M. TO 10:59 A.M.   : 1,896   (2.1%)
11:00 A.M. TO 11:59 A.M.   : 860   (1.0%)
12:00 P.M. TO 3:59 P.M.   : 5,356   (5.9%)
4:00 P.M. TO 11:59 P.M.   : 4,347   (4.8%)


(updated 2010)



Household Size By Vehicles Available
(Litchfield County, Connecticut)

1-person household:

No vehicle available : 3,431

1 vehicle available : 13,437

2 vehicles available : 2,950

3 vehicles available : 589

4 or more vehicles available : 143

2-person household:

No vehicle available : 493

1 vehicle available : 5,231

2 vehicles available : 16,388

3 vehicles available : 4,516

4 or more vehicles available : 1,193

3-person household:

No vehicle available : 198

1 vehicle available : 1,456

2 vehicles available : 4,886

3 vehicles available : 3,572

4 or more vehicles available : 1,081

4-or-more-person household:

No vehicle available : 196

1 vehicle available : 1,225

2 vehicles available : 7,142

3 vehicles available : 3,696

4 or more vehicles available : 3,221


(updated 2013)



Household Size By Number Of Workers In Household
(Litchfield County, Connecticut)

1-person household:

No workers : 10,626

1 worker : 9,924

2-person household:

No workers : 7,001

1 worker : 8,980

2 workers : 11,840

3-person household:

No workers : 899

1 worker : 3,312

2 workers : 5,043

3 workers : 1,939

4-or-more-person household:

No workers : 364

1 worker : 4,170

2 workers : 7,027

3 or more workers : 3,919


(updated 2013)



Means of Transportation To Work
(Litchfield County, Connecticut)

Car, truck, or van:

Drove alone : 79,622

Carpooled:

In 2-person carpool : 6,249

In 3-person carpool : 765

In 4-person carpool : 225

In 5- or 6-person carpool : 114

In 7-or-more-person carpool : 114

Public transportation (excluding taxicab):

Bus or trolley bus : 568

Streetcar or trolley car (carro publico in Puerto Rico) : 0

Subway or elevated : 257

Railroad : 417

Ferryboat : 0

Taxicab : 52

Motorcycle : 95

Bicycle : 31

Walked : 3,082

Other means : 414

Worked at home : 4,474


(updated 2013)



Travel Time To Work
(Litchfield County, Connecticut)

Less than 5 minutes : 4,955

5 to 9 minutes : 10,628

10 to 14 minutes : 12,863

15 to 19 minutes : 11,689

20 to 24 minutes : 12,887

25 to 29 minutes : 4,715

30 to 34 minutes : 9,831

35 to 39 minutes : 3,216

40 to 44 minutes : 4,085

45 to 59 minutes : 8,320

60 to 89 minutes : 6,275

90 or more minutes : 2,541


(updated 2013)



Occupations in Litchfield County, Connecticut

Male:


  • Management, Professional, And Related Occupations: 16,833  (33.1%)
  • Service Occupations: 5,681  (11.2%)
  • Sales And Office Occupations: 8,081  (15.9%)
  • Farming, Fishing, And Forestry Occupations 221  (0.4%)
  • Construction, Extraction, And Maintenance Occupations: 10,042  (19.8%)

Female:


  • Management, Professional, And Related Occupations: 17,396  (38.8%)
  • Service Occupations: 8,044  (17.9%)
  • Sales And Office Occupations: 15,180  (33.9%)
  • Farming, Fishing, And Forestry Occupations 90  (0.2%)
  • Construction, Extraction, And Maintenance Occupations: 231  (0.5%)


(updated 2010)





Employment Rate In Litchfield County, Connecticut

Employed: 100,689
Unemployed: 4,140



Minority Owned Firms of 100 or More in
Litchfield County, Connecticut

  • Total Black-owned firms of 100 or more, percent 2002: 0.0%
  • Total American Indian-and Alaska Native-owned firms of 100 or more, percent 2002: 0.0%
  • Total Asian-owned firms of 100 or more, percent 2002: 1.0%
  • Total Hispanic-owned firms of 100 or more, percent 2002: 1.0%
  • Total Native Hawaiian-and Other Pacific Islander-owned firms of 100 or more, percent 2002: 0.0%
  • Total women-owned firms of 100 or more, percent 2002: 28.3%
  • Other: 69.7%







There are 925 Farms In Litchfield County, Connecticut


(updated 2008)



Banks In Litchfield County, Connecticut

Webster Bank, National Association - 12 Branches


    Bank Assets: $258m
    Industry Specialization: Commercial Lending
    Total Offices: 167

Union Savings Bank - 11 Branches


    Bank Assets: $25.2m
    Industry Specialization: Commercial Lending
    Total Offices: 60

The Torrington Savings Bank - 7 Branches


    Bank Assets: $5.6m
    Industry Specialization: Mortgage Lending
    Total Offices: 8

People's United Bank - 6 Branches


    Bank Assets: $201.9m
    Industry Specialization: Commercial Lending
    Total Offices: 406

Thomaston Savings Bank - 6 Branches


    Bank Assets: $4.7m
    Industry Specialization: Mortgage Lending
    Total Offices: 10

Bank Of America, National Association - 6 Branches


    Bank Assets: $8.7b
    Industry Specialization: All Other > $1 Billion
    Total Offices: 5,094

Litchfield Bancorp - 5 Branches


    Bank Assets: $1m
    Industry Specialization: Mortgage Lending
    Total Offices: 5

Salisbury Bank And Trust Company - 4 Branches


    Bank Assets: $2.4m
    Industry Specialization: Commercial Lending
    Total Offices: 9

Td Bank, National Association - 4 Branches


    Bank Assets: $878.6m
    Industry Specialization: All Other > $1 Billion
    Total Offices: 1,328

The National Iron Bank - 4 Branches


    Bank Assets: $473.4k
    Industry Specialization: Mortgage Lending
    Total Offices: 4

(updated 2014)







Airports Near Litchfield County, Connecticut

  • Candlelight Farms


    (about 18.1 miles in Sherman, Connecticut; Airport Code: CT4)

  • Robertson Field


    (about 18.5 miles in Plainville, Connecticut; Airport Code: CT1)

  • Waterbury Oxford


    (about 19.5 miles in Waterbury, Connecticut; Airport Code: OXC)

  • Simsbury Airport


    (about 25.6 miles in Tariffville, Connecticut; Airport Code: CT2)

  • Sky Acres


    (about 27.3 miles in Verbank, New York; Airport Code: NY5)

  • Hartford Brainard


    (about 29.0 miles in Hartford, Connecticut; Airport Code: HFD)

  • Danbury Municipal


    (about 29.9 miles in Danbury, Connecticut; Airport Code: DXR)

  • Bradley International


    (about 30.1 miles in Windsor Locks, Connecticut; Airport Code: BDL)

  • Rentschler Heliport


    (about 30.1 miles in East Hartford, Connecticut; Airport Code: EHT)

  • Rentschler


    (about 30.5 miles in East Hartford, Connecticut; Airport Code: EHT)

  • Walter J. Koladza


    (about 31.3 miles in North Egremont, Massachusetts; Airport Code: GBR)

  • Great Barrington Airport


    (about 31.3 miles in North Egremont, Massachusetts; Airport Code: GBR)

  • Dutchess County


    (about 35.7 miles in New Hamburg, New York; Airport Code: POU)

  • Westfield Barnes Regional


    (about 37.8 miles in Westfield, Massachusetts; Airport Code: BAF)

  • Tweed New Haven


    (about 37.8 miles in East Haven, Connecticut; Airport Code: HVN)

  • Barnes Municipal


    (about 37.9 miles in Montgomery, Massachusetts; Airport Code: BAF)

  • Igor I Sikorsky Memorial


    (about 41.0 miles in Bridgeport, Connecticut; Airport Code: BDR)

  • Kingston Ulster


    (about 41.8 miles in Barrytown, New York; Airport Code: NY1)

  • Columbia County


    (about 45.0 miles in Stottville, New York; Airport Code: 1B1)

  • Westover ARB Metropolitan


    (about 46.2 miles in Chicopee, Massachusetts; Airport Code: CEF)


(updated 2015)



Modes of Transportation in Litchfield County, Connecticut

Car, Truck, Or Van:

 

Drove Alone

83.48%

Carpooled

8.58%

Public Transportation:

 

Bus Or Trolley Bus

0.50%

Streetcar Or Trolley Car

0.00%

Subway Or Elevated

0.20%

Railroad

0.27%

Ferryboat

0.00%

Taxicab

0.06%

Motorcycle

0.05%

Bicycle

0.16%

Walked

2.42%

Other Means

0.35%

Worked At Home

3.93%



(updated 2010)





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