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Personal income rose about 1 percent in Connecticut in 2016 as the state’s population stagnated, according to new federal data.
The average personal income in Connecticut was $69,311 in 2016, up slightly from $68,329 recorded a year earlier, according to the U.S. Department of Commerce's Bureau of Economic Analysis (BEA).
Meantime, the state’s population shrank to 3,576,452 residents last year, down a little over 8,000 residents from 2015, the BEA data show.
Hartford County's personal income just over 1 percent, while its population slipped by three-tenths of a percent. Windham County's per capita personal income level grew the most, at 2.7 percent, even though its population dropped four-tenths of a percent, BEA statistics show. Middlesex County’s personal income grew the least, at five-tenths of a percent.
The state of Maryland posted the most personal income growth, at 3.2 percent, while the state of Wyoming fared the worst, with a drop of just over 2 percent.
The personal income statistics recorded by the BEA are "per-capita" personal income statistics that are adjusted for population size.
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Read HereThis special edition informs and connects businesses with nonprofit organizations that are aligned with what they care about. Each nonprofit profile provides a crisp snapshot of the organization’s mission, goals, area of service, giving and volunteer opportunities and board leadership.
Hartford Business Journal provides the top coverage of news, trends, data, politics and personalities of the area’s business community. Get the news and information you need from the award-winning writers at HBJ. Don’t miss out - subscribe today.
Delivering Vital Marketplace Content and Context to Senior Decision Makers Throughout Greater Hartford and the State ... All Year Long!
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