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 | East Hartford | Connecticut Avg | US Average |
|---|---|---|---|
| Median Household Income | $64,848 | $95,363 | $78,145 |
| Median Personal Income | $51,609 | $76,086 | $61,726 |
| Average income growth | 3.5% | 4.1% | 5.1% |
| Six-Figure Earners | 7.5% | 18.1% | 13.2% |
The median household income in East Hartford is about 32% lower than in Connecticut. Income has been growing slower in East Hartford (3.5%/yr) than in Connecticut (4.1%/yr).
About 7% of adults in East Hartford 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 East Hartford, Connecticut grew by 33.3% from 2009 to 2023, reaching $64,848 in 2023. That's an average of about 3.5% per year.
Economic Inequality in East Hartford | Gender Pay Gap | Gini Coefficient
| Metric | East Hartford | Connecticut Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.540 | 0.555 | 0.570 |
| Male Median Income | $52,969 | $83,962 | $67,746 |
| Female Median Income | $50,713 | $68,602 | $54,793 |
| Gender Pay Gap | 4.3% | 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 East Hartford, it is 0.540, 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 4% more than women's income in East Hartford, Connecticut. Over a 35-year career, a 4% wage gap accumulates to roughly $78,960 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in East Hartford, Connecticut has narrowed from about 18% to 4% in 2023. In dollar terms, the gap has narrowed by $6,064 since 2009.
Employment
| Metric | East Hartford | Connecticut Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.6% | 5.6% | 5.2% |
| Working from Home | 9.6% | 14.5% | 13.4% |
| Commute time (minutes) | 20 | 22 | 22 |
Approximately 1,390 people are unemployed in East Hartford, Connecticut.
The average commute time in East Hartford is 20 minutes, shorter than the 22 minutes in Connecticut.
Unemployment Rate Over Time
Since 2011, the unemployment rate in East Hartford, Connecticut has fallen from 12.4% to 5.6% in 2023.
Conclusion
Considering all these factors, East Hartford, Connecticut has an overall wealth index grade of C, making it somewhat worse than Connecticut, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in East Hartford, Connecticut.
How Wealthy Is East Hartford, Connecticut?
East Hartford has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $64,848, about 32% lower than the Connecticut average of $95,363.
What is the current median household income in East Hartford, Connecticut?
As of 2023, the median household income in East Hartford, Connecticut is $64,848.
What was the median household income in East Hartford in 2023?
In 2023, the median household income in East Hartford, Connecticut was $64,848.
What was the median household income in East Hartford in 2020?
In 2020, the median household income in East Hartford, Connecticut was $59,928.
What is the Gini coefficient in East Hartford, Connecticut?
The Gini coefficient in East Hartford is 0.540. 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 East Hartford, Connecticut?
Since 2009, the income gap between men and women in East Hartford, Connecticut has narrowed from about 18% to 4% in 2023. In dollar terms, the gap has narrowed by $6,064 since 2009.