Home Economy Connecticut leads in average income, trails in income growth

Connecticut leads in average income, trails in income growth

A new study by the U.S. Bureau of Economic Analysis offers a good news/bad news analysis of Connecticut income levels.

The good news: Connecticut ranked second in the nation during 2017 in average income with $71,000. Only the District of Columbia recorded a higher average income last year with $77,000. The national average income last year was $50,392.

The bad news: Connecticut ranked 44th among the states in income growth, with an anemic 1.5 percent uptick from 2016. From 2015 to 2016, the state saw a 3 percent gain in personal income while the national average was 3.6 percent. In comparison, the national personal income increased 3.1 percent on average in 2017, following a 2.3 percent increase in the previous year.

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Phil Hall's writing for Westfair Communications has earned multiple awards from the Connecticut Press Club and the Connecticut Society of Professional Journalists. He is a former United Nations-based reporter for Fairchild Broadcast News and the author of 10 books (including the 2020 release "Moby Dick: The Radio Play" and the upcoming "Jesus Christ Movie Star," both published by BearManor Media). He is also the host of the SoundCloud podcast "The Online Movie Show," co-host of the WAPJ-FM talk show "Nutmeg Chatter" and a writer with credits in The New York Times, New York Daily News, Hartford Courant, Wired, The Hill's Congress Blog, Profit Confidential, The MReport and StockNews.com. Outside of journalism, he is also a horror movie actor - usually playing the creepy villain who gets badly killed at the end of each film.

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