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 | Middletown | Connecticut Avg | US Average |
|---|---|---|---|
| Median Household Income | $71,064 | $95,363 | $78,145 |
| Median Personal Income | $71,244 | $76,086 | $61,726 |
| Average income growth | 1.6% | 4.1% | 5.1% |
| Six-Figure Earners | 13.4% | 18.1% | 13.2% |
The median household income in Middletown is about 25% lower than in Connecticut. Income has been growing slower in Middletown (1.6%/yr) than in Connecticut (4.1%/yr).
About 13% of adults in Middletown 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 Middletown, Connecticut grew by 19.0% from 2009 to 2023, reaching $71,064 in 2023. That's an average of about 1.6% per year.
Economic Inequality in Middletown | Gender Pay Gap | Gini Coefficient
| Metric | Middletown | Connecticut Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.552 | 0.555 | 0.570 |
| Male Median Income | $76,241 | $83,962 | $67,746 |
| Female Median Income | $66,468 | $68,602 | $54,793 |
| Gender Pay Gap | 12.8% | 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 Middletown, it is 0.552, about the same as Connecticut's 0.555, so income here is about as evenly distributed as there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Men's income is about 15% more than women's income in Middletown, Connecticut. Over a 35-year career, a 15% wage gap accumulates to roughly $342,055 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Middletown, Connecticut has narrowed from about 17% to 13% in 2023. In dollar terms, the gap has narrowed by $81 since 2009.
Employment
| Metric | Middletown | Connecticut Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.1% | 5.6% | 5.2% |
| Working from Home | 15.2% | 14.5% | 13.4% |
| Commute time (minutes) | 20 | 22 | 22 |
Approximately 771 people are unemployed in Middletown, Connecticut.
The average commute time in Middletown is 20 minutes, shorter than the 22 minutes in Connecticut.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Middletown, Connecticut has fallen from 7.3% to 5.1% in 2023.
Conclusion
Considering all these factors, Middletown, 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 Middletown, Connecticut.
How Rich Is Middletown, Connecticut?
Middletown 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 $71,064, about 25% lower than the Connecticut average of $95,363.
What is the current median household income in Middletown, Connecticut?
As of 2023, the median household income in Middletown, Connecticut is $71,064.
What was the median household income in Middletown in 2023?
In 2023, the median household income in Middletown, Connecticut was $71,064.
What was the median household income in Middletown in 2020?
In 2020, the median household income in Middletown, Connecticut was $63,688.
What is the Gini coefficient in Middletown, Connecticut?
The Gini coefficient in Middletown is 0.552. 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 Middletown, Connecticut?
Since 2009, the income gap between men and women in Middletown, Connecticut has narrowed from about 17% to 13% in 2023. In dollar terms, the gap has narrowed by $81 since 2009.