Turns out all those articles claiming that Connecticut is in the midst of a mass exodus are inherently false. Connecticut’s population has only grown since 2010.
CT Mirror reports that the good news comes at a heavy price; household incomes have crashed. According to U.S. Census data, Connecticut’s population has grown about 1.3 percent while overall household income has plummeted 4.5 percent.
Three of the five wealthiest areas in Connecticut, Weston, New Canaan, and Westport saw a decline in overall household income. All five towns with the state’s lowest median household income, Hartford, New London, New Haven, New Britain, and Waterbury also saw sharp declines.
Data also reveals that Connecticut has lost considerable footing in terms of overall wealth. Connecticut is now the 5th highest state in median household income. In the previous study, which happened between 2006 and 2010, Connecticut was third. Since 2010, household salaries have fallen from $74,000 to $70,000.
Yep, Connecticut is no longer the richest state in America and, soon, may not even be in the top 5 much longer.
Despite this, Connecticut added about 47,000 new residents in the past five years. As previously reported, the largest upward shift in population was in Fairfield County.
So, what do you think our politicians will do about this? What does this spell for Connecticut as a whole?