Danbury, Connecticut Income Statistics
Danbury Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
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B
Danbury Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Danbury | Connecticut Avg | US Average |
|---|---|---|---|
| Median Household Income | $88,394 | $97,098 | $80,455 |
| Median Personal Income | $61,986 | $75,632 | $60,758 |
| Average Yearly Income Growth | 3.4% | 3.7% | 4.8% |
| Six-Figure Earners | 13.3% | 18.8% | 13.9% |
| $200k+ Households | 15.4% | 19.5% | 13.2% |
The median household income in Danbury is about 9% lower than in Connecticut. Income has been growing slower in Danbury (3.4%/yr) than in Connecticut (3.7%/yr).
About 13% of adults in Danbury earn six figures ($100,000 or more) a year, lower than the Connecticut average of 19%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Danbury, Connecticut grew by 34.6% from 2009 to 2024, reaching $88,394 in 2024. That's an average of about 3.4% per year.
Income Inequality and the Gender Pay Gap in Danbury
| Metric | Danbury | Connecticut Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.544 | 0.536 | 0.552 |
| Male Median Income | $66,169 | $85,321 | $69,667 |
| Female Median Income | $55,326 | $70,012 | $56,850 |
| Gender Pay Gap | 16.4% | 17.9% | 18.4% |
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 Danbury, it is 0.544, higher than Connecticut's 0.536, so income is less evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 20% more than women's income in Danbury, Connecticut. Over a 35-year career, a 20% wage gap accumulates to roughly $379,505 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Danbury, Connecticut has narrowed from about 23% to 16% in 2024. Over that period the gap was narrowest at 7% in 2018. In dollar terms, the gap has narrowed by $635 since 2009.
Employment
| Metric | Danbury | Connecticut Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.9% | 5.5% | 5.2% |
| Working from Home | 11.9% | 16.2% | 15.0% |
| Commute time (minutes) | 21 | 22 | 22 |
Approximately 2,094 people are unemployed in Danbury, Connecticut.
The average commute time in Danbury is 21 minutes, shorter than the 22 minutes in Connecticut.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Danbury, Connecticut has fallen from 7.7% to 5.9% in 2024. Over that period the rate peaked at 8.9% in 2013 and fell as low as 5.5% in 2020.
Conclusion
Considering all these factors, Danbury, 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 Danbury, Connecticut.
How Rich Is Danbury, Connecticut?
Danbury 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 $88,394, about 9% lower than the Connecticut average of $97,098.
Are incomes growing in Danbury, Connecticut?
Between 2009 and 2024, the median household income in Danbury, Connecticut rose 35%, from $65,695 to $88,394. Over the same years, income here lagged behind Connecticut as a whole: +35% against +41%.
What was the median household income in Danbury in 2023?
In 2023, the median household income in Danbury, Connecticut was $86,176, up 6% from $81,682 in 2022. The Connecticut median that year was $95,197.
What was the median household income in Danbury in 2020?
In 2020, the median household income in Danbury, Connecticut was $74,339. By 2024 it had risen 19% to $88,394.
What is the Gini coefficient in Danbury, Connecticut?
The Gini coefficient in Danbury is 0.544. 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 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Danbury, Connecticut?
Since 2009, the income gap between men and women in Danbury, Connecticut has narrowed from about 23% to 16% in 2024. Over that period the gap was narrowest at 7% in 2018. In dollar terms, the gap has narrowed by $635 since 2009.
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