Lower Connecticut River Valley Planning Region, Connecticut Income Statistics
Lower Connecticut River Valley Planning Region Wealth Score
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.
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B
Lower Connecticut River Valley Planning Region Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Lower Connecticut River Valley Planning Region | Connecticut Avg | US Average |
|---|---|---|---|
| Median Household Income | $107,450 | $97,098 | $80,455 |
| Median Personal Income | $81,973 | $75,632 | $60,758 |
| Average Yearly Income Growth | 3.7% | 3.7% | 4.8% |
| Six-Figure Earners | 20.6% | 18.8% | 13.9% |
| $200k+ Households | 20.2% | 19.5% | 13.2% |
The median household income in Lower Connecticut River Valley Planning Region is about 11% higher than in Connecticut. Income has been growing faster in Lower Connecticut River Valley Planning Region (3.7%/yr) than in Connecticut (3.7%/yr).
About 21% of adults in Lower Connecticut River Valley Planning Region earn six figures ($100,000 or more) a year, higher than the Connecticut average of 19%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Lower Connecticut River Valley Planning Region, Connecticut grew by 41.7% from 2009 to 2024, reaching $107,450 in 2024. That's an average of about 3.7% per year.
Income Inequality and the Gender Pay Gap in Lower Connecticut River Valley Planning Region
| Metric | Lower Connecticut River Valley Planning Region | Connecticut Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.513 | 0.536 | 0.552 |
| Male Median Income | $91,347 | $85,321 | $69,667 |
| Female Median Income | $78,463 | $70,012 | $56,850 |
| Gender Pay Gap | 14.1% | 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 Lower Connecticut River Valley Planning Region, it is 0.513, lower than Connecticut's 0.536, so income is more 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 16% more than women's income in Lower Connecticut River Valley Planning Region, Connecticut. Over a 35-year career, a 16% wage gap accumulates to roughly $450,940 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Lower Connecticut River Valley Planning Region, Connecticut has narrowed from about 20% to 14% in 2024. Over that period the gap was widest at 23% in 2012, and was narrowest at 14% in 2022. In dollar terms, the gap has narrowed by $69 since 2009.
Employment
| Metric | Lower Connecticut River Valley Planning Region | Connecticut Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.0% | 5.5% | 5.2% |
| Working from Home | 16.9% | 16.2% | 15.0% |
| Commute time (minutes) | 22 | 22 | 22 |
Approximately 3,094 people are unemployed in Lower Connecticut River Valley Planning Region, Connecticut.
The average commute time in Lower Connecticut River Valley Planning Region is 22 minutes, about the same as in Connecticut.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Lower Connecticut River Valley Planning Region, Connecticut has fallen from 6.3% to 4.0% in 2024. Over that period the rate peaked at 7.0% in 2013.
Lower Connecticut River Valley Planning Region, CT Wealth Compared With Nearby Counties
Lower Connecticut River Valley Planning Region, CT is the smallest of the 6 counties compared here, 163,295 residents against a local median of 516,000. The measure that sets Lower Connecticut River Valley Planning Region, CT apart most is unemployment: 4.0%, 22% below the local median of 5.2%. That is the better end of the local range on this measure.
Median household income tells the same story from another angle: $107,450 against a local median of $91,696, 17% above it. Every measure here with a clear better direction points the same way, so Lower Connecticut River Valley Planning Region, CT is not trading one advantage for another, it reads stronger than its neighbours across the board. The counties themselves spread 1.2% on unemployment, so Lower Connecticut River Valley Planning Region, CT sits at one end of an already wide local range rather than apart from it. Lower Connecticut River Valley Planning Region, CT has the lowest unemployment of the 6 areas compared here.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Lower Connecticut River Valley Planning Region, CT | 163,295 | $107,450 #2/6 | 3.7%/yr #4/6 | 4.0% #1/6 | 0.513 #1/6 |
| South Central Connecticut Planning Region, CT | 516,000 | $91,696 | 4.4%/yr | 5.9% | 0.536 |
| Southeastern Connecticut Planning Region, CT | 252,265 | $86,956 | 3.8%/yr | 4.7% | 0.525 |
| Capitol Planning Region, CT | 920,648 | $94,231 | 3.5%/yr | 5.2% | 0.535 |
| Suffolk County, NY | 1,451,500 | $131,515 | 4.8%/yr | 4.7% | 0.529 |
| Naugatuck Valley Planning Region, CT | 439,566 | $87,330 | 3.5%/yr | 5.8% | 0.530 |
Conclusion
Considering all these factors, Lower Connecticut River Valley Planning Region, Connecticut has an overall wealth index grade of B, making it somewhat better than Connecticut, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Lower Connecticut River Valley Planning Region, Connecticut.
How Rich Is Lower Connecticut River Valley Planning Region, Connecticut?
Lower Connecticut River Valley Planning Region 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 $107,450, about 11% higher than the Connecticut average of $97,098.
How has median household income changed in Lower Connecticut River Valley Planning Region, Connecticut?
Between 2009 and 2024, the median household income in Lower Connecticut River Valley Planning Region, Connecticut rose 42%, from $75,836 to $107,450. Over the same years, income here kept pace with Connecticut as a whole: +42% against +41%.
What was the median household income in Lower Connecticut River Valley Planning Region in 2023?
In 2023, the median household income in Lower Connecticut River Valley Planning Region, Connecticut was $104,203, up 2% from $102,359 in 2022. The Connecticut median that year was $95,197.
What was the median household income in Lower Connecticut River Valley Planning Region in 2020?
In 2020, the median household income in Lower Connecticut River Valley Planning Region, Connecticut was $84,889. By 2024 it had risen 27% to $107,450.
How strong is the job market in Lower Connecticut River Valley Planning Region, Connecticut?
Unemployment in Lower Connecticut River Valley Planning Region, Connecticut is only 4.0%, well below the Connecticut rate of 5.5%, a sign of a tight labor market where employers compete for workers.
What is the Gini coefficient in Lower Connecticut River Valley Planning Region, Connecticut?
The Gini coefficient in Lower Connecticut River Valley Planning Region is 0.513. 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 Lower Connecticut River Valley Planning Region, Connecticut?
Since 2009, the income gap between men and women in Lower Connecticut River Valley Planning Region, Connecticut has narrowed from about 20% to 14% in 2024. Over that period the gap was widest at 23% in 2012, and was narrowest at 14% in 2022. In dollar terms, the gap has narrowed by $69 since 2009.
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