Connecticut grew ever so slightly, but lost income since 2010

Print More

Connecticut has more people than it did in 2010, but by one important measure, household incomes have declined.

Since 2010, Connecticut has grown in population by about 1.3 percent and median household income has decreased about 4.5 percent after adjusting for inflation, according to new figures released Wednesday by the U.S. Census.

The estimates are based on data collected between 2011 and 2015. Trend CT will conduct a more thorough analysis of all the new data made available, but here’s a handful of quick summaries of the changes since the previous non-overlapping survey between 2006 and 2010. (A point to keep in mind: the data for 2006 through 2010 was collected around the time of the economic recession.)

Income trends

After adjusting for inflation, the median household income in most states declined between 2010 and 2015. Connecticut’s dropped from about $74,000 to $70,000 — about 4.5 percent.

In 2010, Connecticut ranked third highest state in median household income but then slipped to fifth in 2015 as Alaska and Washington DC pulled ahead.

However, if not adjusted for inflation, the median household income in Connecticut in 2010 was about $68,000 and income in 2015 could technically be calculated as having increased by 3.8 percent.

North Dakota, in the midst of an oil boom, had the largest percentage increase in median income — about 12 percent — but it also has among the smallest populations in the country, so small changes reflect broadly.

Nevada experienced the sharpest decrease in median income — more than 14 percent between 2015 and 2010.

In Connecticut, towns with some of the smallest populations saw the sharpest fluctuations in median household income between 2010 and 2015.

North Canaan’s metric increased by 37 percent and Canaan and Pomfret each grew their median income by 23 percent.

Ansonia had the sharpest decline of almost 30 percent. New London followed with a drop of 23 percent in median household income— from $47,000 (adjusted for inflation) to $36,000.

Among the towns with the highest median household incomes, Darien and Wilton were the only ones that experienced income growth between 2010 and 2015.

New Canaan declined from $195,000 to $168,000 in 2015 — about 14 percent.

Towns with the highest median household income
Town 2015 2010 (adjusted) Change
Weston $217,171 $227,858 -5%
Darien $208,906 $191,050 9%
Wilton $172,095 $167,141 3%
New Canaan $168,311 $194,932 -14%
Westport $162,907 $163,881 -1%
U.S. Census ACS 2015 5-year

As might be expected, the municipalities on the other end of the income spectrum are the state’s urban centers. They all declined in median household income in the studied time period.

Towns with the lowest median household income
Town 2015 2010 (adjusted) Change
Hartford $30,630 $31,489 -3%
New London $36,250 $47,338 -23%
New Haven $37,192 $42,351 -12%
New Britain $40,457 $43,159 -6%
Waterbury $40,467 $43,754 -8%
U.S. Census ACS 2015 5-year
Population change

Overall, the number of Connecticut residents grew by about 47,000. Still, the growth was slow compared to the rest of the country. Connecticut was 10th from last in its percentage growth.

Rhode Island and Michigan were the only states that experienced an overall decline in population — by about .3 and .5 percent respectively.

The southwest portion of Connecticut had some of the largest overall growth — between 2 and 5 percent. The rural areas on the borders of the state declined in population, however.

What do you think?