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Home » United States » What is the median household income in Hartford CT?

What is the median household income in Hartford CT?

December 14, 2021 by Trevor Zboncak

$36,278.
Table

Population
Mean travel time to work (minutes), workers age 16 years+, 2015-2019 22.7
Income & Poverty
Median household income (in 2019 dollars), 2015-2019 $36,278
Per capita income in past 12 months (in 2019 dollars), 2015-2019 $21,163

Contents

Is Hartford CT a rich area?

Greater Hartford is the second-richest urban area in the country, after the Silicon Valley, and is fourth-richest in the world, according to the latest Metro Monitor study from the Brookings Institution.

Is Hartford poor?

Hartford was the richest city in the United States for several decades following the American Civil War. Today, it is one of the poorest cities in the U.S., with 3 out of every 10 families living below the poverty threshold.

What percent of Hartford CT is black?

37.70%
Hartford Demographics
Black or African American: 37.70%

What is the average household income in Connecticut?

$78,833
According to the Census ACS 1-year survey, the median household income for Connecticut was $78,833 in 2019, the latest figures available. Compared to the median US household income, Connecticut median household income is $13,121 higher.

What is the richest town in CT?

Incorporated county subdivisions

Rank Town
1 New Canaan Town
2 Darien Town
3 Greenwich Town
4 Weston Town

Is Hartford Connecticut expensive?

Connecticut may be one of the most expensive states to live in, but Hartford offers a fairly reasonable cost of living.So if you’re looking for a great place to live in New England that won’t break the bank, Hartford might be worth your while!

Why is Hartford so small?

Despite the city’s small geographical size, the population of Hartford used to be about 50% larger during the mid 20th century. The further shrinkage of the population was due to poor city planning. The city separated itself from its two rivers. It simply buried the Park River, due to flooding.

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What’s wrong with Hartford CT?

Hartford suffers from excessive debt levels, large amounts of tax-exempt government property, runaway pension costs, structural budget deficits, and a property-tax rate that is the highest in the state. Instead of putting a plan in place to correct decades of fiscal mismanagement, Mr.

Why are Connecticut taxes so high?

Numerous lawmakers, labor groups and policy organizations are now leading a push to increase income taxes on Connecticut’s wealthy, including raising the top rate, adding a surcharge to capital gains and instituting a statewide property tax on homes assessed over $330,000.

What percentage of Hartford is white?

31.3%
Table

Population
Persons 65 years and over, percent  11.3%
Female persons, percent  52.4%
Race and Hispanic Origin
White alone, percent  31.3%

How many Hartford County residents live in poverty?

Table

Population
Income & Poverty
Median household income (in 2019 dollars), 2015-2019 $75,148
Per capita income in past 12 months (in 2019 dollars), 2015-2019 $40,540
Persons in poverty, percent  10.8%

How white is Connecticut?

Connecticut Demographics
According to the most recent ACS, the racial composition of Connecticutwas: White: 75.92% Black or African American: 10.72% Other race: 5.21%

What income is middle class in CT?

Meanwhile, the Pew Charitable Trusts considers middle-class households to be those earning 67% to 200% of a state’s median income.
Popular Articles.

State Middle-class income Median household income
Alaska $63,873 $75,463
Connecticut $63,375 $78,833
New Hampshire $62,890 $77,933

What is a good salary in CT?

$2,600 is the 25th percentile. Salaries below this are outliers. $5,158 is the 75th percentile.
What are Top 10 Highest Paying Cities for Above Average Jobs in Connecticut.

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City Stamford
Annual Salary $57,532
Monthly Pay $4,794
Weekly Pay $1,106
Hourly Wage $27.66

What is a good median household income?

Median Household Income by State 2021

State Median Household Income
Connecticut $78,444
Alaska $77,640
New Hampshire $76,768
California $75,235

Is Shelton CT rich?

The per capita income in Shelton in 2018 was $49,200, which is upper middle income relative to Connecticut, and wealthy relative to the rest of the US. This equates to an annual income of $196,800 for a family of four. Shelton is a somewhat ethnically-diverse city.

Is Shelton CT wealthy?

Four CT Towns Make Bloomberg’s Top 50 Wealthiest List, Shelton Ranked 34 for CT Towns in ACS Report. Bloomberg released its list of wealthiest towns in the US based on household income. Connecticut made a strong showing, along with New Jersey, New York, Connecticut, and California.

Is West Hartford wealthy?

West Hartford profile
The per capita income in West Hartford in 2018 was $56,692, which is wealthy relative to Connecticut and the nation. This equates to an annual income of $226,768 for a family of four. West Hartford is a very ethnically-diverse town.

Is it cheaper to live in Connecticut or Texas?

Cost of Living Comparison Between Hartford, CT and Dallas, TX. You would need around 4,857.91$ in Dallas, TX to maintain the same standard of life that you can have with 5,000.00$ in Hartford, CT (assuming you rent in both cities). This calculation uses our Cost of Living Plus Rent Index to compare cost of living.

How much money do you need to live comfortably in CT?

Cost of Living in Connecticut
A family of two adults and two children would need a combined income of $118,551 per year—or $9,879 every month—to live comfortably. In Hartford, this goes down to $87,464 annually (or $7,289 per month).

Filed Under: United States Tagged With: Connecticut, Hartford

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About Trevor Zboncak

Trevor Zboncak is a bit of an old grump, but he's also one of the kindest people you'll ever meet. He loves to travel and see new places, but he's not a fan of airports or long flights. Trevor has been all over the world, and he has some amazing stories to tell. He's also a great photographer, and his pictures will take your breath away.

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