Descriptions
Connecticut is a state in the New England region of the northeastern United States. It is bordered by Rhode Island to the east, Massachusetts to the north, and the state of New York to the west and the south (with which it shares a water boundary in Long Island Sound). Much of southern and western Connecticut (along with the majority of the state's population) is part of the New York metropolitan area.
As of the 2010 Census, Connecticut features the highest per capita income, and median household income in the United States. As of 2011, the income tax rates on Connecticut individuals are divided into six tax brackets of 3%, 5%, 5.5%, 6%, 6.5% and 6.7%. All wages of Connecticut residents are subject to the state's income tax, even if earned outside the state. However, in those cases, Connecticut income tax only to the extent the Connecticut tax exceeds the amount withheld by the other jurisdiction. Connecticut levies a 6.35% state sales tax on the retail sale, lease, or rental of most goods. All real and personal property located within the state of Connecticut is taxable unless specifically exempted by statute.
Homes in Connecticut vary widely with a median price of approximately $226,000. Connecticut has the most multi-million dollar homes in the Northeast, with 3.3% of homes in Connecticut priced over $1 million in 2003.
Education
Connecticut is the home of Yale University, established in 1701, one of the most academically renowned and selective universities in the United States.
In addition, Connecticut hosts many other academic institutions, including Trinity College, Wesleyan University, University of Hartford, Post University, Connecticut College, United States Coast Guard Academy, University of New Haven, University of Bridgeport, and Quinnipiac University. The University of Connecticut has been the highest ranked public university in New England from 1998 to 2010.
The state also has many noted private day schools, and its boarding schools draw students from around the world.