Best known as the home of Yale University, New Haven is a mid-sized coastal city in Connecticut. It has played an integral role in the state since before the nation’s founding. Once a co-capital of Connecticut, New Haven now bills itself as the “Cultural Capital” of the state. It’s a popular housing market for students and recent graduates.
At the heart of the city’s downtown, Yale University plays an essential role in New Haven’s economy and renown. As an Ivy League institution and one of the best-known universities in the country, Yale attracts both business and research to New Haven.
Other universities in the city include Southern Connecticut State University, Albertus Manus College and Gateway Community College. Quinnipiac, the Paier College of Art and the University of New Haven are located just outside the city.
The New Haven Public Schools district serves over 21,000 students. It has a 13:44 student-teacher ratio and includes nine high schools and 31 elementary and middle schools.
The economy of New Haven is primarily service-based, principally due to the talent and research resources of Yale University. Trade and finance and real estate are the two next largest industrial sectors. In 2017, Verizon ranked New Haven second in New England for launching technology startups and in the top 10 for the country.
The Knights of Columbus, a Catholic fraternal service and large insurance provider, is headquartered in New Haven. Hubbell and Amphenol, both electrical equipment producers, are located in the Greater New Haven area. All three organizations fall in the Fortune 1000. These are the largest employers in the city:
- Yale University
- Yale – New Haven Hospital
- Southern Connecticut State University
- Assa Abloy
- Knights of Columbus
The median home listing price in New Haven, CT is $168,400. These listings have a median square footage of 1,778. This makes the median price per square foot $95. These values are 25 percent below the national medians.