Apparently Connecticut is almost the best state to live in. I know, it’s news to me, too.
It seems like yesterday the news agreed that Connecticut is one of the most impossible states to make a living. Oh… wait.
That said, the pendulum swung in the other direction today with WFSB reporting the good news. Out of all 50 states, Connecticut is third best. So, we know this report is definitely not from Wallethub.
Nope. This report belongs to 24/7 Wall St.
Look, I’m not saying Connecticut is a horrible place to live in. Actually, it’s quite beautiful with its rolling mountain and natural beauty. Plus, it’s rich in history and culture.
But, it is an extremely difficult state to live a comfortable life. When you constantly worry about money, the last thing you want to think about is the landscape. You worry more about how to afford groceries and gas in the same week. Which, unfortunately, is a reality for a growing number of residents.
So, what’s the reason why we ranked so high in this list? Longevity… that’s it. 3rd highest in the nation with the average person reaching about 80.8 years old before kicking the bucket. Also, our poverty rate helped. Apparently this state has the 4th lowest poverty rate in the nation, too.
As for our crime rate? They say it’s the 5th lowest in the nation, which isn’t necessarily a bad thing. Connecticut does rank very highly in national safety roundups.
As for everything else, Connecticut showed a mediocre performance in the other demographics. 24/7 Wall St said Connecticut has the 16th highest unemployment rate in the nation. On top of that, we had the 6th smallest population increase. Anyone else seeing the tiny red flags popping up?
Still, when it comes to life expectancy and poverty, that seemingly outweighed all the negatives. That, and, the fact that several millionaires call Fairfield County home.
The publication wrote:
“In Connecticut, the median household income of $73,433 a year the third highest of any state, which might help explain the state’s long-lived population.”
Raise your hand if you or someone you know makes above $73k a year.
Anyways, when Connecticut brags about being the home of 17 billionaires and hundreds of millionaires, it definitely would inflate the state’s average income. I wonder what would happen if someone ranked Connecticut without Fairfield County.
Just a thought.
Anyways, as for the best state overall to live in, surprising absolutely no one is Massachusetts. And that’s all because they have the highest rate of insured residents in the nation. Not to mention, it’s business climate puts ours to shame, according to GE.
So, what do you think? Is Connecticut the third best state to live in, or did 24/7 Wall Street get it wrong? Finances and taxes aside, what makes Connecticut great?