Andover, Connecticut Median Income

Andover, Connecticut has a population of 3,231, with a median household income of $121,114.

Current median income data for Andover.

$121,114

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Population

3,231

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Median Income

$121,114

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Unemployment

4.20%

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Housing Price

$355,552

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Crime Rate

2.10

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Internet Speed

180.00 Mbps

Andover is a small local community located in Connecticut. The city has a population that is below the average city population in Connecticut, contributing to its local economic activity, housing demand, and infrastructure development. Population size can significantly influence transportation systems, commercial growth, educational services, and employment opportunities within the region.

Andover is a notable city in Connecticut, offering a mix of population dynamics, economic indicators, and housing trends.

Population Overview

Andover has a population of 3,231, which is below the state average. This suggests a smaller and more localized community environment.

Income and Economy

The median household income in Andover is $121,114, which is above the state average. This reflects stronger earning potential and economic stability.

Housing Market

The average housing price in Andover is about $355,552, making it relatively affordable compared to many cities in Connecticut.

Employment and Safety

The unemployment rate in Andover is 4.20%, which is lower than the state average, indicating a relatively strong job market. Andover has a lower crime rate than the state average, contributing to a relatively safer living environment.

City Comparison

Compared to other cities in Connecticut, Andover shows distinct differences in population size, economic activity, and housing affordability, making it a unique case for analysis.

Overall, Andover offers a balanced mix of economic conditions, population trends, and housing opportunities within Connecticut.

Frequently Asked Questions about Andover

What is the population of Andover?

The population of Andover is approximately 3,231.

Is Andover a good place to live?

Andover offers a mix of economic conditions, housing affordability, and population size, making it suitable for different types of residents.

What is the average income in Andover?

The median household income in Andover is around $121,114.

How expensive is housing in Andover?

The average housing price in Andover is approximately $355,552.