Data from the five-year American Community Survey tells us that Connecticut homeowners have seen monthly housing expenses decrease, and fewer are spending what is considered a too-large part of their income on housing. But the same improvements haven’t been seen by renters, who are increasing in number.
American Community Survey
Posted inCities & Towns, Money
Census says CT still rich, but wage gap persists and population stagnant
WASHINGTON – Connecticut continues to be one of the highest-income states in the nation, but its population is stagnant and may even be on the downturn, and there’s a huge gap between the incomes of white state residents and minorities.
Nation’s income gains strong, but Connecticut’s lag far behind
WASHINGTON – The U.S. Census Bureau’s good news that median income rose significantly in the United States last year wasn’t as cheerful for Connecticut. The state was among a dozen with the smallest rate of household median income growth in the nation, which had a robust increase of 5.2 percent. And not everybody benefited from Connecticut’s modest 1.8 percent income growth.