Connecticut residents enjoyed a 4.6 percent year-over-year increase in their personal income during the first quarter of this year, according to data from the U.S. Bureau of Economic Analysis.
Although Connecticut”™s personal income was above the U.S. average of a 4.3 percent increase, the state ranked 27th in the nation. Washington led the nation with a 7.4 percent year-over-year gain, while Idaho trailed with an anemic 2.0 percent uptick.
During the first quarter, Connecticut”™s personal income totaled $256.9 billion. Compared to its neighboring states, Connecticut outperformed New York”™s 2.5 percent gain and Rhode Island”™s 3.7 percent increase, but it was behind Massachusetts”™ 5.0 percent gain.
