Connecticut - Income

According to the Bureau of Economic Analysis, in 2001, Connecticut had a per capita personal income (PCPI) of $42,377 which ranked 1st in the United States (including the District of Columbia) and was 139% of the national average, $30,413. The 2001 PCPI reflected an increase of 2.2% from 2000 compared to the national change of 2.2%. In 2001, Connecticut had a total personal income (TPI) of $145,547,796,000 which ranked 22nd in the United States and accounted for 1.7% of the national total. The 2001 TPI reflected an increase of 2.9% from 2000 compared to the national change of 3.3%.

Earnings of persons employed in Connecticut increased from $98,862,948,000 in 2000 to $101,700,116,000 in 2001, an increase of 2.9%. The largest industries in 2001 were services, 29.1% of earnings; finance, insurance, and real estate, 16.3%; and durable goods manufacturing, 11.8%. Of the industries that accounted for at least 5% of earnings in 2001, the slowest growing from 2000 to 2001 was durable goods manufacturing, which decreased 3.9%; the fastest was state and local government (10.5% of earnings in 2001), which increased 14.2%.

According to data released by the US Census Bureau, in 2000, the median household income was $50,360 compared to the national average of $42,148. In 2001, the median income for a family of four was $82,517 compared to the national average of $63,278. For the period 1999 to 2001, the average poverty rate was 7.4% which placed it 4th among the 50 states and the District of Columbia ranked lowest to highest.

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