Old Lyme is a somewhat small coastal town (i.e. on the ocean, a bay, or inlet) located in the state of Connecticut. With a population of 7,306 people and two constituent neighborhoods, Old Lyme is the 113th largest community in Connecticut.
Old Lyme home prices are not only among the most expensive in Connecticut, but Old Lyme real estate also consistently ranks among the most expensive in America.
Unlike some towns, Old Lyme isn’t mainly white- or blue-collar. Instead, the most prevalent occupations for people in Old Lyme are a mix of both white- and blue-collar jobs. Overall, Old Lyme is a town of professionals, managers, and sales and office workers. There are especially a lot of people living in Old Lyme who work in management occupations (18.40%), teaching (11.30%), and sales jobs (9.60%).
Also of interest is that Old Lyme has more people living here who work in computers and math than 95% of the places in the US.
Telecommuters are a relatively large percentage of the workforce: 8.40% of people work from home. While this number may seem small overall, as a fraction of the total workforce it is high relative to the nation. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
In addition, Old Lyme is home to many people who could be described as "urban sophisticates". Urban sophisticates are educated, wealthy, executives and professionals, who have urbane tastes in books, food, and travel, whether they actually live in a big city, or choose to reside in a small town. In big or medium-sized cities, urban sophisticates tend to frequent art institutions such as opera, symphonies, ballet, live theatre, and museums.
Because of many things, Old Lyme is a very good place for families to consider. With an enviable combination of good schools, low crime, college-educated neighbors who tend to support education because of their own experiences, and a high rate of home ownership in predominantly single-family properties, Old Lyme really has some of the features that families look for when choosing a good community to raise children. Is Old Lyme perfect? Of course not, and if you like frenetic nightlife, it will be far from your cup of tea. But overall this is a solid community, with many things to recommend it as a family-friendly place to live.
The town is relatively quiet, having a combination of lower population density and few of those groups of people who have a tendency to be noisy. For example, Old Lyme has relatively fewer families with younger children, and/or college students. Combined, this makes Old Lyme a pretty quiet place to live overall. If you like quiet, you will probably enjoy it here.
Old Lyme is also nautical, which means that parts of it are somewhat historic and touch the ocean or tidal bodies of water, such as inlets and bays. Such areas are often places that visitors and locals go for waterfront activities or taking in the scenery.
If knowledge is power, Old Lyme is a pretty powerful place. 53.96% of the adults in Old Lyme have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns.
The per capita income in Old Lyme in 2018 was $61,907, which is wealthy relative to Connecticut and the nation. This equates to an annual income of $247,628 for a family of four.
The people who call Old Lyme home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Old Lyme residents report their race to be White, followed by Black or African-American. Important ancestries of people in Old Lyme include Irish, English, Italian, German, and Polish.
The most common language spoken in Old Lyme is English. Other important languages spoken here include Spanish and French.