Text from this piece by Staff Writer Miriam Weiner originally appeared in U.S. News & World Report February 7, 2017.
The most recent U.S. Census population estimates show the [Hartford, CT] metro area is attracting new residents, which is reflected by Hartford’s higher Net Migration score. The reason why is simple: jobs.
“The Hartford region has seen some strong employment growth in a number of high-productivity sectors, including professional, technical services, education and health services,” says Alissa DeJonge, vice president of research at the Connecticut Economic Resource Center.
What’s more, the types of job opportunities that are available in the Hartford area tend to pay well, with residents earning nearly $57,000 per year on average, which is significantly more than the average American’s salary of $48,320 per year. United Technologies Corp. provides employment to residents in the manufacturing and engineering sectors, and the region is home to some of the country’s largest financial institutions, including Aetna Inc. and the Hartford Financial Services Group.
“Hartford is known as the ‘insurance capital’ of the U.S., a title substantiated with Connecticut ranking No. 1 in the U.S. for insurance employment per capita, with many of those employers located in the Hartford region,” says Susan Winkler, executive director of Connecticut Insurance and Financial Services. “Connecticut is also home to the highest concentration of actuaries—many located in the Hartford region.”
But Hartford is hardly all work and no play. The metro area features a diverse selection of restaurants and cultural attractions. According to Paul Pita, CEO and executive creative director of Hartford-based digital marketing firm The Pita Group, “Hartford is a great place to live because residents have access to what they need: great options for housing, great educational options and a wide variety of lifestyle options for food, arts, culture, entertainment and outdoor activities.