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.
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.
|State||Gini 2014||Gini 2015||Change|
|District of Columbia||0.5224||0.5354||2.49%|