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Old 12-23-2011, 04:16 PM
 
Location: Coastal Northeast
16,768 posts, read 23,205,932 times
Reputation: 5857

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I think this is a much more accurate way to measure the prosperity of a metro area...

Rank-Metro Area Average-Remaining Wages and Salaries (Per Month/Per Year)

1.San Jose-Sunnyvale-Santa Clara, CA ($3,901/ $46,812)
2.Durham, NC ($3,513/ $42,156)
3.Washington-Arlington-Alexandria, DC-VA ($3,441/ $41,292)
4.San Francisco-Oakland-Fremont, CA ($3,342/ $40,104)
5.Trenton-Ewing, NJ ($3,270/ $39,240)
6.Huntsville, AL ($3,258/ $39,096)
7.Boston-Cambridge-Quincy, MA-NH ($3,218/ $38,616)
8.New York-Northern New Jersey-Long Island, NY-NJ ($3,209/ $38,508)
9.Boulder, CO ($3,181/ $38,172)
10.Kennewick-Pasco-Richland, WA ($3,117/ $37,404)
11.Hartford-West Hartford-East Hartford, CT ($3,116/ $37,392)
12.Bridgeport-Stamford-Norwalk, CT ($3,098/ $37,176)
13.Seattle-Tacoma-Bellevue, WA ($3,082/ $36,984)
14.Rochester, MN ($3,037/ $36,444)
15.Corvallis, OR ($3,019/ $36,228)
16.Anchorage, AK ($2,969/ $35,628)
17.Ann Arbor, MI ($2,937/ $35,244)
18.New Haven-Milford, CT ($2,929/ $35,148)
19.Champaign-Urbana, IL ($2,925/ $35,100)
20.Philadelphia-Camden-Wilmington, PA-NJ-DE-MD ($2,923/ $35,076)

http://www.theatlanticcities.com/hou...g-housing/778/
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Old 12-24-2011, 05:03 PM
 
Location: Coastal Connecticut
15,412 posts, read 19,186,642 times
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Having 3 in the top 20 is pretty good.

Not surprised at the result. People really push themselves to live in FFC for commute/location purposes, and many are at the brink of their paychecks to afford the insane real estate.

Hartford has a very low cost of living in comparison, and many established and nice suburbs to counteract the poverty in Hartford.

New Haven county has some wealthy/prosperous areas, but I imagine more middle class and struggling towns like Ansonia, Derby, West Haven, New Haven, Waterbury, Naugatuck, etc. bring that down significantly. And yes, Waterbury would be in that New Haven/Milford metro since it's done by county in CT MSA's.

I'm amazed NYC-metro is up at #8 with the insane cost of living there. I bet the super rich really skew that statistic, because if you were to look at the average person in that area - they scrape by to afford the crazy housing prices.

I'm also surprised it's "person" and not "household". The average person bringing home $3,000-$4,000 a month after housing? That seems high. You really have to be making six-figures for that to work in CT.
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Old 12-24-2011, 05:07 PM
 
1,985 posts, read 3,291,753 times
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I believe that JV has been singing this tune for quite some time, looks like he was right on! This is quite surprising to me, but I guess stylos analysis makes alot of sense.
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Old 12-24-2011, 05:49 PM
 
2,926 posts, read 3,124,118 times
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The cerc reports show a much higher total retail sales figure for Ffc vs Hartford. This almost seems like median data which doesn't capture the real wealth of the area.
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Old 12-24-2011, 06:26 PM
 
139 posts, read 157,222 times
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Average is misleading...thats why we need median...in San Fran for example, its hard to find a decent house for below 600K, you really think people keep 40K AFTER paying for housing?
Besides, why would you discount housing? Afterall, it counts towards your assets at the end of the day
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Old 12-27-2011, 09:44 PM
 
Location: Jacksonville, FL
11,145 posts, read 14,152,325 times
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Well, I still believe that good old median household income is the best measure of wealth and prosperity. According to the 2010 American Community Survey (U.S. Census) within CT:

Fairfield County $81,268
Tolland County $77,175
Middlesex County $74,906
Litchfield County $69,639
New London County $65,419
Hartford County $62,590
New Haven County $61,114
Windham County $59,370

I do, however, think it's strange that Tolland, Middlesex and New London counties have higher median income than Hartford County. My guess is because Hartford County has some seriously low income cities/towns (i.e. Hartford, East Hartford, New Britain) to bring the number down. I mean, how the heck is New London County higher median income than Hartford County? NLC isn't known for wealth at all, although, Lyme, Old Lyme and Stonington have some notable wealth. But I dont' see how they're wealthier than Avon, Glastonbury, Simsbury, etc. I could be wrong though.
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Old 12-27-2011, 10:03 PM
 
Location: Coastal Connecticut
15,412 posts, read 19,186,642 times
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Quote:
Originally Posted by nep321 View Post

I do, however, think it's strange that Tolland, Middlesex and New London counties have higher median income than Hartford County. My guess is because Hartford County has some seriously low income cities/towns (i.e. Hartford, East Hartford, New Britain) to bring the number down. I mean, how the heck is New London County higher median income than Hartford County? NLC isn't known for wealth at all, although, Lyme, Old Lyme and Stonington have some notable wealth. But I dont' see how they're wealthier than Avon, Glastonbury, Simsbury, etc. I could be wrong though.
Exactly. You just pointed out why county demographics are mostly meaningless.

In CT, counties are arbitrary. We no longer have county-level government and it's nothing more than a base for statistics and for organizing towns into, again, arbitrary regions.

In Hartford, there are plenty of towns/cities that bring down that average. It doesn't mean there is a lack of wealth in the county, it's just an average.

There are also pockets of New Haven county that are wealthier than anything in New London county. Madison, Guilford, Woodbridge, etc.
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Old 12-28-2011, 05:41 PM
 
8,778 posts, read 16,780,271 times
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Quote:
Originally Posted by nep321 View Post
I mean, how the heck is New London County higher median income than Hartford County? NLC isn't known for wealth at all, although, Lyme, Old Lyme and Stonington have some notable wealth. But I dont' see how they're wealthier than Avon, Glastonbury, Simsbury, etc. I could be wrong though.
What county are the casinos located in?
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