STAMFORD CT
BUSINESS AND EMPLOYMENT

LABOR FORCE AND UNEMPLOYMENT

The labor force is the pool of able-bodied residents seeking work, excluding children and retirees. The unemployment rate is the percent of the labor force that is not employed.

INDUSTRY AND EARNINGS TRENDS

The North American Industry Classification System (NAICS) divides up businesses and other establishments into industry sectors. The charts below show trends for both median earnings and number of workers in six major industry sectors in Stamford, CT.

Educational services, health care, and social assistance

Median Earnings

Manufacturing

Median Earnings

Construction

Median Earnings

Information

Median Earnings

Retail Trade

Median Earnings

Transportation, Warehousing, and Utilities

Median Earnings

Top Employers in 2019

PERMITS AND REVENUE

2017 TOTAL REVENUE: $709,849,000

The majority of Stamford's government revenue comes from property taxes (73.4%) and operating grants and contributions (16.4%)

2018 TOTAL REVENUE: $741,739,000

MILL RATES COMPARISON

A mill is equal to $1.00 of tax for each $1,000 of assessment. To calculate the property tax, multiply the assessment of the property by the mill rate and divide by 1,000. For example, a property with an assessed value of $50,000 located in a municipality with a mill rate of 20 mills would have a property tax bill of $1,000 per year.

Local property tax mill rates have been set for individual Connecticut municipalities for fiscal year 2018-2019. These rates are based upon the 2017 grand list and are available below. These are the most current mill rates and are reflected in each municipality's July 2018 tax bills. [Source]

Note: Municipalities with multiple mill rates in 2019 were averaged.

ABOUT THE DATA

Labor force and unemployment data are from the Local Area Unemployment Statistics (LAUS), published by the Bureau of Labor Statistics. 

Median earnings by industry are from the American Community Survey (ACS), Table B24031. For 5-year estimates, dollar values are inflation-adjusted to the final year of the 5-year range. For example, Median Income (2013-2017) is reported in 2017 inflation-adjusted dollars. The Census Bureau adjusts dollar values using inflation factors based on the Consumer Price Index or CPI.

Number of workers by industry data is from ACS Table B08526. Only workers 16 and older are counted. 

Top employer data is from City of Stamford.

Government revenue data is from Stamford's 2018 Comprehensive Annual Financial Report.

Mill rates data is from Office of Policy and Management.

This report uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.