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New London County, Connecticut Economic Analysis


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Economic Analysis

People and the communities they live in depend on money. The people of New London 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 New London County, Connecticut

12:00 A.M. TO 4:59 A.M.   : 3,818   (3.0%)
5:00 A.M. TO 5:29 A.M.   : 3,315   (2.6%)
5:30 A.M. TO 5:59 A.M.   : 5,777   (4.6%)
6:00 A.M. TO 6:29 A.M.   : 12,232   (9.7%)
6:30 A.M. TO 6:59 A.M.   : 14,850   (11.8%)
7:00 A.M. TO 7:29 A.M.   : 17,623   (14.0%)
7:30 A.M. TO 7:59 A.M.   : 17,903   (14.2%)
8:00 A.M. TO 8:29 A.M.   : 13,776   (10.9%)
8:30 A.M. TO 8:59 A.M.   : 7,300   (5.8%)
9:00 A.M. TO 9:59 A.M.   : 6,062   (4.8%)
10:00 A.M. TO 10:59 A.M.   : 2,697   (2.1%)
11:00 A.M. TO 11:59 A.M.   : 1,656   (1.3%)
12:00 P.M. TO 3:59 P.M.   : 10,407   (8.2%)
4:00 P.M. TO 11:59 P.M.   : 8,730   (6.9%)


(updated 2010)



Household Size By Vehicles Available
(New London County, Connecticut)

1-person household:

No vehicle available : 5,078

1 vehicle available : 20,006

2 vehicles available : 3,951

3 vehicles available : 639

4 or more vehicles available : 218

2-person household:

No vehicle available : 1,664

1 vehicle available : 8,196

2 vehicles available : 21,053

3 vehicles available : 5,774

4 or more vehicles available : 1,673

3-person household:

No vehicle available : 660

1 vehicle available : 3,578

2 vehicles available : 6,494

3 vehicles available : 4,799

4 or more vehicles available : 1,561

4-or-more-person household:

No vehicle available : 628

1 vehicle available : 2,604

2 vehicles available : 9,944

3 vehicles available : 4,966

4 or more vehicles available : 3,425


(updated 2013)



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

1-person household:

No workers : 13,863

1 worker : 16,029

2-person household:

No workers : 10,516

1 worker : 13,485

2 workers : 14,359

3-person household:

No workers : 1,457

1 worker : 5,458

2 workers : 7,442

3 workers : 2,735

4-or-more-person household:

No workers : 1,057

1 worker : 6,642

2 workers : 9,122

3 or more workers : 4,746


(updated 2013)



Means of Transportation To Work
(New London County, Connecticut)

Car, truck, or van:

Drove alone : 108,596

Carpooled:

In 2-person carpool : 9,219

In 3-person carpool : 1,522

In 4-person carpool : 357

In 5- or 6-person carpool : 360

In 7-or-more-person carpool : 391

Public transportation (excluding taxicab):

Bus or trolley bus : 1,708

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

Subway or elevated : 102

Railroad : 352

Ferryboat : 187

Taxicab : 94

Motorcycle : 350

Bicycle : 292

Walked : 5,266

Other means : 955

Worked at home : 6,855


(updated 2013)



Travel Time To Work
(New London County, Connecticut)

Less than 5 minutes : 4,254

5 to 9 minutes : 15,909

10 to 14 minutes : 21,420

15 to 19 minutes : 20,956

20 to 24 minutes : 22,451

25 to 29 minutes : 9,576

30 to 34 minutes : 13,653

35 to 39 minutes : 2,888

40 to 44 minutes : 3,776

45 to 59 minutes : 6,720

60 to 89 minutes : 5,988

90 or more minutes : 2,160


(updated 2013)



Occupations in New London County, Connecticut

Male:


  • Management, Professional, And Related Occupations: 21,908  (34.0%)
  • Service Occupations: 11,096  (17.2%)
  • Sales And Office Occupations: 10,006  (15.5%)
  • Farming, Fishing, And Forestry Occupations 368  (0.6%)
  • Construction, Extraction, And Maintenance Occupations: 10,708  (16.6%)

Female:


  • Management, Professional, And Related Occupations: 22,664  (37.3%)
  • Service Occupations: 13,766  (22.7%)
  • Sales And Office Occupations: 20,553  (33.8%)
  • Farming, Fishing, And Forestry Occupations 156  (0.3%)
  • Construction, Extraction, And Maintenance Occupations: 467  (0.8%)


(updated 2010)





Amtrak Stations in New London County, Connecticut

Bus Station(s)


    39 Norwich Westerley Rd.
    Foxwoods Resort Casino
    Ledyard, Connecticut 06339

    39 Norwich Westerley Rd.
    Foxwoods Resort Casino
    Ledyard, Connecticut 06339

Rail Station(s)


    2 Roosevelt Avenue
    U.S.Route 1
    Mystic, Connecticut 06355

    27 Water Street
    New London, Connecticut 06320

(updated 2008)



Employment Rate In New London County, Connecticut

Employed: 140,959
Unemployed: 6,004



Minority Owned Firms of 100 or More in
New London County, Connecticut

  • Total Black-owned firms of 100 or more, percent 2002: 0.9%
  • Total American Indian-and Alaska Native-owned firms of 100 or more, percent 2002: 0.7%
  • Total Asian-owned firms of 100 or more, percent 2002: 2.0%
  • Total Hispanic-owned firms of 100 or more, percent 2002: 1.3%
  • 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: 26.2%
  • Other: 68.9%



Water Usage In New London County, Connecticut

Ground Water

 
Fresh 0.00 Mgal/d
Saline 0.00 Mgal/d

Total 0.00 Mgal/d
 

Surface Water

 
Fresh 0.00 Mgal/d
Saline 2,407.14 Mgal/d

Total 2,407.14 Mgal/d





There are 910 Farms In New London County, Connecticut


(updated 2008)



Banks In New London County, Connecticut

Chelsea Groton Bank - 14 Branches


    Bank Assets: $13m
    Industry Specialization: Mortgage Lending
    Total Offices: 14

Citizens Bank, National Association - 13 Branches


    Bank Assets: $1.3b
    Industry Specialization: Commercial Lending
    Total Offices: 864

People's United Bank - 11 Branches


    Bank Assets: $370.2m
    Industry Specialization: Commercial Lending
    Total Offices: 406

Bank Of America, National Association - 10 Branches


    Bank Assets: $14.5b
    Industry Specialization: All Other > $1 Billion
    Total Offices: 5,094

Dime Bank - 10 Branches


    Bank Assets: $7.6m
    Industry Specialization: Commercial Lending
    Total Offices: 11

Liberty Bank - 9 Branches


    Bank Assets: $33.2m
    Industry Specialization: Commercial Lending
    Total Offices: 92

Savings Institute Bank And Trust Company - 8 Branches


    Bank Assets: $10.7m
    Industry Specialization: Commercial Lending
    Total Offices: 26

Webster Bank, National Association - 3 Branches


    Bank Assets: $64.5m
    Industry Specialization: Commercial Lending
    Total Offices: 167

Putnam Bank - 3 Branches


    Bank Assets: $1.3m
    Industry Specialization: Mortgage Lending
    Total Offices: 8

Eastern Savings Bank - 3 Branches


    Bank Assets: $535.6k
    Industry Specialization: Commercial Lending
    Total Offices: 4

(updated 2014)







Airports Near New London County, Connecticut

  • Newburgh Airport


    (about 6.6 miles in Norwich, Connecticut; Airport Code: NBJ)

  • Groton-New London


    (about 8.4 miles in Groton, Connecticut; Airport Code: GON)

  • Trumbull


    (about 8.5 miles in Groton, Connecticut; Airport Code: GON)

  • Elizabeth Field


    (about 13.8 miles in Fishers Island, New York; Airport Code: FID)

  • Westerly State


    (about 16.3 miles in Westerly, Rhode Island; Airport Code: WST)

  • Windham


    (about 21.1 miles in Mansfield Center, Connecticut; Airport Code: CT3)

  • Griswold


    (about 26.6 miles in Clinton, Connecticut; Airport Code: MPE)

  • Sky Portal


    (about 27.0 miles in Montauk, New York; Airport Code: MTP)

  • Block Island State


    (about 32.9 miles in Block Island, Rhode Island; Airport Code: BID)

  • East Hampton Airport


    (about 34.6 miles in Wainscott, New York; Airport Code: HTO)

  • Rentschler


    (about 34.7 miles in East Hartford, Connecticut; Airport Code: EHT)

  • Rentschler Heliport


    (about 34.9 miles in East Hartford, Connecticut; Airport Code: EHT)

  • Hartford Brainard


    (about 35.0 miles in Hartford, Connecticut; Airport Code: HFD)

  • Quonset State Air Reserve National Guard Helipad


    (about 36.6 miles in North Kingstown, Rhode Island; Airport Code: NCO)

  • Quonset State


    (about 36.7 miles in North Kingstown, Rhode Island; Airport Code: ZXU)

  • Mattituck Airport


    (about 38.7 miles in Mattituck, New York; Airport Code: NY8)

  • Theodore Francis Green State


    (about 39.6 miles in Warwick, Rhode Island; Airport Code: PVD)

  • Newport State


    (about 42.4 miles in Middletown, Rhode Island; Airport Code: NPT)

  • Tweed New Haven


    (about 43.1 miles in East Haven, Connecticut; Airport Code: HVN)

  • Robertson Field


    (about 43.3 miles in Plainville, Connecticut; Airport Code: CT1)


(updated 2015)



Modes of Transportation in New London County, Connecticut

Car, Truck, Or Van:

 

Drove Alone

81.14%

Carpooled

9.92%

Public Transportation:

 

Bus Or Trolley Bus

1.22%

Streetcar Or Trolley Car

0.01%

Subway Or Elevated

0.05%

Railroad

0.09%

Ferryboat

0.06%

Taxicab

0.18%

Motorcycle

0.07%

Bicycle

0.21%

Walked

3.79%

Other Means

0.63%

Worked At Home

2.63%



(updated 2010)





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