Wealth Index
The wealth index reflects the overall economic prosperity and financial well-being of a county's residents based on income levels, employment rates, and income inequality metrics.
Income Statistics Overview
| Metric | Bristol | Connecticut Avg | US Average |
|---|---|---|---|
| Median Household Income | $83,542 | $95,363 | $78,145 |
| Median Personal Income | $63,641 | $76,086 | $61,726 |
| Average income growth | 4.4% | 4.1% | 5.1% |
| Six-Figure Earners | 12.7% | 18.1% | 13.2% |
The median household income in Bristol is about 12% lower than in Connecticut. Income has been growing faster in Bristol (4.4%/yr) than in Connecticut (4.1%/yr).
About 13% of adults in Bristol earn six figures ($100,000 or more) a year, lower than the Connecticut average of 18%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Bristol, Connecticut grew by 45.4% from 2009 to 2023, reaching $83,542 in 2023. That's an average of about 4.4% per year.
Economic Inequality in Bristol | Gender Pay Gap | Gini Coefficient
| Metric | Bristol | Connecticut Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.497 | 0.555 | 0.570 |
| Male Median Income | $65,285 | $83,962 | $67,746 |
| Female Median Income | $61,116 | $68,602 | $54,793 |
| Gender Pay Gap | 6.4% | 18.3% | 19.1% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Bristol, it is 0.497, lower than Connecticut's 0.555, so income is more evenly distributed here than there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Men's income is about 7% more than women's income in Bristol, Connecticut. Over a 35-year career, a 7% wage gap accumulates to roughly $145,915 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Bristol, Connecticut has narrowed from about 21% to 6% in 2023. In dollar terms, the gap has narrowed by $6,839 since 2009.
Employment
| Metric | Bristol | Connecticut Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 7.2% | 5.6% | 5.2% |
| Working from Home | 9.7% | 14.5% | 13.4% |
| Commute time (minutes) | 21 | 22 | 22 |
Approximately 2,424 people are unemployed in Bristol, Connecticut.
The average commute time in Bristol is 21 minutes, shorter than the 22 minutes in Connecticut.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Bristol, Connecticut has fallen from 9.2% to 7.2% in 2023.
Conclusion
Considering all these factors, Bristol, Connecticut has an overall wealth index grade of B, making it about on par with Connecticut, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Bristol, Connecticut.
How Rich Is Bristol, Connecticut?
Bristol has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $83,542, about 12% lower than the Connecticut average of $95,363.
What is the current median household income in Bristol, Connecticut?
As of 2023, the median household income in Bristol, Connecticut is $83,542.
What was the median household income in Bristol in 2023?
In 2023, the median household income in Bristol, Connecticut was $83,542.
What was the median household income in Bristol in 2020?
In 2020, the median household income in Bristol, Connecticut was $68,862.
What is the Gini coefficient in Bristol, Connecticut?
The Gini coefficient in Bristol is 0.497. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.570, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Bristol, Connecticut?
Since 2009, the income gap between men and women in Bristol, Connecticut has narrowed from about 21% to 6% in 2023. In dollar terms, the gap has narrowed by $6,839 since 2009.