[basehead617]

I typically don't like these 'drop a link and say 'discuss!'' sort of posts, but I was shocked at just how high the number was here.

Here's How Much You Have To Earn To Be In The 1 Percent In Each State

North Dakota is really enjoying that energy boom, though to be fair, 1% of ND is less than 8000 people.

(sorry if this has been posted already, I didn't see it)

[Lalalally]

Just a little bit more and we'll be right on track to becoming Arkansas 1- percenters! Haha!!

[JayCT]

I am not sure why you are shocked by this. Connecticut is one of the wealthiest states in the country. In addition to a lot of high income people, there are a lot of high wealth people and not just in Fairfield County. Jay

[nep321]

I already made a thread about this a few weeks ago.

Anyway, yeah, that's one of the reasons I'm anxious to move out of this state (FFC to be exact). Treacherous income inequality and high real estate prices and income levels truly do block out opportunity for the average laborer like myself. I know because I'm experiencing it right now.

[EconHusky]

It's not shocking, just a bit unfortunate. Connecticut is an exclusive club.

[Mr_250]

Originally Posted by nep321

I already made a thread about this a few weeks ago.

Anyway, yeah, that's one of the reasons I'm anxious to move out of this state. Treacherous income inequality and high real estate prices and income levels truly do block out opportunity for the average laborer like myself.

Not really. If you are stubborn than maybe, but this does not hold true everywhere.

My fiancee talked (briefly) about moving closer to her parents in Glastonbury when start our family (2-3 years away). While I rather not live in Glastonbury (taxes mostly) we found some extremely cute houses in Andover, Hebron, Colchester, East Hampton and Marlborough. We want to have a bit of land, be a little "country" and still in a good school district. Our favorite house was $240k with a little less than 3 acres. It needed work, but I already renovated one house so labor is a non-issue. I'll work all over the State so I'll have to sacrifice my commute which is normal (I used to commute from Plantsville to Stamford every day).

Putting a blanket statement like the bolded one above is not accurate. FFC is an outlier but the rest of the State seems to be inline with every other part of the Country.

[nep321]

Originally Posted by Mr_250

Not really. If you are stubborn than maybe, but this does not hold true everywhere.

My fiancee talked (briefly) about moving closer to her parents in Glastonbury when start our family (2-3 years away). While I rather not live in Glastonbury (taxes mostly) we found some extremely cute houses in Andover, Hebron, Colchester, East Hampton and Marlborough. We want to have a bit of land, be a little "country" and still in a good school district. Our favorite house was $240k with a little less than 3 acres. It needed work, but I already renovated one house so labor is a non-issue. I'll work all over the State so I'll have to sacrifice my commute which is normal (I used to commute from Plantsville to Stamford every day).

Putting a blanket statement like the bolded one above is not accurate. FFC is an outlier but the rest of the State seems to be inline with every other part of the Country.

Sorry, I meant just FFC. The rest of the state is just fine.

Also, the new trend for millennials (like myself) is to move and settle in an affordable place. Gone are the days when young people are moving in droves to places like San Francisco, NYC and Boston. The new millennial cities are now places like Houston, Columbus, Dallas, Atlanta, Charlotte, Raleigh, Phoenix, Nashville, etc. The coasts are for old people now.

My younger 24 year old bro recently moved to Wisconsin and is very happy. He has a great, well paying job, lives with his fiancé, owns a nice house he bought for just $80K, has a 6-minute commute, no traffic, friendly people and is just loving life. They also just got a dog. I am very happy for them.

[EconHusky]

Originally Posted by Mr_250

Not really. If you are stubborn than maybe, but this does not hold true everywhere.

My fiancee talked (briefly) about moving closer to her parents in Glastonbury when start our family (2-3 years away). While I rather not live in Glastonbury (taxes mostly) we found some extremely cute houses in Andover, Hebron, Colchester, East Hampton and Marlborough. We want to have a bit of land, be a little "country" and still in a good school district. Our favorite house was $240k with a little less than 3 acres. It needed work, but I already renovated one house so labor is a non-issue. I'll work all over the State so I'll have to sacrifice my commute which is normal (I used to commute from Plantsville to Stamford every day).

Putting a blanket statement like the bolded one above is not accurate. FFC is an outlier but the rest of the State seems to be inline with every other part of the Country.

I think the high real estate price complaint mainly applies to the "good schools" areas, which are important to most people starting a family, and therefore most active in finding a "good" house. People starting out also have less money most of the time

Of the towns you mentioned, I would definitely recommend Andover and Hebron over the others- both by rank and anecdotal personal experiences. None of the areas you mentioned are terrible, worst in the state, stay away, enter at your own risk- but if I had to put one on the bottom, it would probably be Colchester.

Good luck with your decision!

[JayCT]

Originally Posted by nep321

Sorry, I meant just FFC. The rest of the state is just fine.

Also, the new trend for millennials (like myself) is to move and settle in an affordable place. Gone are the days when young people are moving in droves to places like San Francisco, NYC and Boston. The new millennial cities are now places like Houston, Columbus, Dallas, Atlanta, Charlotte, Raleigh, Phoenix, Nashville, etc. The coasts are for old people now.

My younger 24 year old bro recently moved to Wisconsin and is very happy. He has a great, well paying job, lives with his fiancé, owns a nice house he bought for just $80K, has a 6-minute commute, no traffic, friendly people and is just loving life. They also just got a dog. I am very happy for them.

Just like any other generation, millennials are going to move where they can find jobs. I do not see any shortage of young people moving to the cities you mention for work. If there are no jobs in Podunk South Dakota, then how will they live? Your brother is not the norm. He got lucky to find a good job in a low cost area but if that town had a lot of jobs and limited housing, the prices would shoot sky high. Just look at North Dakota. The energy industry there created a lot of jobs but housing is in short supply so now housing price are going through the roof. This is simple economics. Jay

[JayCT]

Originally Posted by EconHusky

I think the high real estate price complaint mainly applies to the "good schools" areas, which are important to most people starting a family, and therefore most active in finding a "good" house. People starting out also have less money most of the time

Of the towns you mentioned, I would definitely recommend Andover and Hebron over the others- both by rank and anecdotal personal experiences. None of the areas you mentioned are terrible, worst in the state, stay away, enter at your own risk- but if I had to put one on the bottom, it would probably be Colchester.

Good luck with your decision!

Colchester is a beautiful small town, half way between Hartford and New London. It has a charming town green with some nice small shops and restaurants, is affordable and has decent schools. Sounds like a horrible place to live, doesn't it??? Jay