CT’s median income grows slowly; 40% of millennials live with parents

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Connecticut has among the lowest poverty rates in the country and its median income is rising, though at a slower rate than in all but four other states, new data from the U.S. Census showed Thursday.

Meanwhile, the data showed that more than 40 percent of Connecticut’s 18- to 34-year-olds still live with their parents, the second highest rate in the country, just after New Jersey.

New data from the U.S. census released today shows that a high proportion of millennials have not left their childhood homes yet— particularly in Litchfield and Fairfield counties, where the figures are about 45 percent.

The newly released American Community Survey statistics show additional evidence of economic evolution in Connecticut: Poverty rates continue to fall, median income has increased in most counties and towns, and income inequality has decreased slightly.

Though it ranks second for those living with their parents, Connecticut is 7th for 18-34 year-olds living with spouses, at almost 20 percent.

The state with the smallest proportion of young people living with their parents? North Dakota, with 15 percent.

More than 36 percent of young people live with their spouses in Utah, which leads the country.

Washington, D.C., brings up the rear in the ratio of young people living with their spouses at 15 percent.

Poverty, income, and inequality

Connecticut is among the states with the lowest poverty rates in the country, along with Alaska, Hawaii, Maryland, Minnesota, New Hampshire, New Jersey and Vermont.

The current rate for residents of Connecticut living in poverty is 10.5 percent in 2015, down from 10.8 percent in 2014, according to estimates from the census.

Connecticut was among the states with the smallest median income growth – about 2 percent. Only New Jersey, Idaho, New Mexico and Arkansas had slower growth in median income.

Connecticut does have the sixth highest median income in the country at $71,346. Maryland has the highest at $75,847.

Though median income grew across the state, in a handful of towns median income declined.

New Haven, Danbury, and Stamford saw a decrease of 2, 6, and 10 percent respectively. The census only released data on cities with populations greater than 65,000.

Median income change in Connecticut towns
Only data on cities with more than 65,000 residents was released.
Town 2014 2015 Change
Bridgeport $41,846 $42,420 1%
Danbury $69,394 $65,517 -6%
Norwalk $75,285 $85,052 13%
Stamford $88,686 $79,865 -10%
Hartford $28,826 $34,240 19%
New Britain $40,082 $40,485 1%
New Haven $37,534 $36,641 -2%
Waterbury $37,246 $37,877 2%
U.S. Census, 2015 ACS-1 Year

Connecticut was among the five states in the country with a Gini score higher than the U.S. rate. The score is a standard economic measure of income inequality.

Most states experienced no statistical change in income inequality, though Connecticut was one of the few that saw a statistically significant decrease of 1.8 percent. Income inequality increased in eight states: Florida, Illinois, Indiana, Kentucky, Michigan, Nebraska, Nevada and New Jersey.

States with highest income inequality
The Gini index is a standard economic measure of income inequality. A score of 0.0 is perfect equality in income distribution. A score of 1.0 indicates total inequality where one household has all of the income.
State Gini 2014 Gini 2015 Change
District of Columbia 0.5224 0.5354 2.49%
New York 0.5111 0.5138 0.53%
Connecticut 0.5005 0.4916 -1.78%
Louisiana 0.4902 0.4909 0.14%
California 0.489 0.4876 -0.29%
Florida 0.4834 0.4872 0.79%
U.S. Census, 2015 ACS-1 Year

What do you think?

  • Guy

    keep voting democrat/socialist/communist and it will be 100% living in a collective! Well except for Obama and Clintons Billionaire Club…they will own everything else and live like kings!

  • Joseph Brzezinski

    I suspect the gini decrease in Ct is mostly a result of the more and most affluent moving out of the state rather than income progress of the lesser and least affluent. Do the data support some kind of analysis to illustrate what is behind gini changes for CT and the state’s in that comparison? Maybe analysis of sorted quintiles?

  • Sterling Archer

    Thank you crushing student debt, unaffordable rents, and stagnant job growth. But by all means, keep building Kruschyovka “luxury apartments” in the hopes that more trust fund hipsters will move Brooklyn to State Street.