Among the states, Connecticut ranks low in poverty and high in median household income, according to new Census figures released last week.
Trend CT has already looked at how Connecticut compares to other states in renting and home ownership, but today we’re looking at other economic factors. The Census Bureau’s 2014 five-year Annual Community Survey is rich with information, and we’ll be revisiting and drilling into what it says about Connecticut and its residents.
Nearly 365,000 people in Connecticut live below the poverty level. That’s about 10.5 percent of the state population, which gives Connecticut the fourth lowest percentage of residents in poverty.
New Hampshire leads all other states with about 9 percent, and Mississippi is in last place with 22.6 percent.
In Connecticut, nearly one of three residents in Hartford is living below the poverty line. In the towns of Windham, New Haven and New London, that ratio is one of four residents. Union and Marlborough, however, have the lowest percentages of residents living in poverty at less than 1 percent. However, the smaller the population, the higher the margin of error in the census estimates. Unsurprisingly, Connecticut ranks high in median household income at nearly $70,000 a year. Maryland, New Jersey and Alaska are the only states that come out ahead. On the other end of the spectrum, Mississippi and Arkansas rank low at around $40,000 median income.
Weston, Darien and New Canaan are the three Connecticut towns with the highest median household incomes at $208,000, $199,000, and $180,000 respectively.
Hartford, New Haven, and New Britain have the lowest median household incomes at $29,000, $37,500, and $40,500.
Compared to the other states, Connecticut ranks 8th in percent of residents whose highest educational attainment was a bachelor’s degree. More than one in five residents have graduated from college. Colorado ranks number one with almost 24 percent.
West Virginia and Kentucky do not rank as high at 12 and 13 percent respectively.
Darien, Weston, and Wilton had the most residents whose highest educational degree is a bachelors with 43, 42, and 41 percent of their residents respectively.
Lisbon and Sterling have the smallest ratio of degree holders at around 7 percent each.