Naugatuck Valley Planning Region, Connecticut Income Statistics
Naugatuck 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
Naugatuck Valley Planning Region Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Naugatuck Valley Planning Region | Connecticut Avg | US Average |
|---|---|---|---|
| Median Household Income | $87,330 | $97,098 | $80,455 |
| Median Personal Income | $69,539 | $75,632 | $60,758 |
| Average Yearly Income Growth | 3.5% | 3.7% | 4.8% |
| Six-Figure Earners | 14.7% | 18.8% | 13.9% |
| $200k+ Households | 14.3% | 19.5% | 13.2% |
The median household income in Naugatuck Valley Planning Region is about 10% lower than in Connecticut. Income has been growing slower in Naugatuck Valley Planning Region (3.5%/yr) than in Connecticut (3.7%/yr).
About 15% of adults in Naugatuck Valley Planning Region 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 Naugatuck Valley Planning Region, Connecticut grew by 38.4% from 2009 to 2024, reaching $87,330 in 2024. That's an average of about 3.5% per year.
Income Inequality and the Gender Pay Gap in Naugatuck Valley Planning Region
| Metric | Naugatuck Valley Planning Region | Connecticut Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.530 | 0.536 | 0.552 |
| Male Median Income | $76,352 | $85,321 | $69,667 |
| Female Median Income | $64,489 | $70,012 | $56,850 |
| Gender Pay Gap | 15.5% | 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 Naugatuck Valley Planning Region, it is 0.530, 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 18% more than women's income in Naugatuck Valley Planning Region, Connecticut. Over a 35-year career, a 18% wage gap accumulates to roughly $415,205 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Naugatuck Valley Planning Region, Connecticut has narrowed from about 23% to 16% in 2024. Over that period the gap was widest at 24% in 2010, and was narrowest at 14% in 2021. In dollar terms, the gap has narrowed by $1,352 since 2009.
Employment
| Metric | Naugatuck Valley Planning Region | Connecticut Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.8% | 5.5% | 5.2% |
| Working from Home | 12.6% | 16.2% | 15.0% |
| Commute time (minutes) | 23 | 22 | 22 |
Approximately 12,867 people are unemployed in Naugatuck Valley Planning Region, Connecticut.
The average commute time in Naugatuck Valley Planning Region is 23 minutes, longer than the 22 minutes in Connecticut.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Naugatuck Valley Planning Region, Connecticut has fallen from 8.8% to 5.8% in 2024. Over that period the rate peaked at 10.3% in 2013.
Naugatuck Valley Planning Region, CT Wealth Compared With Nearby Counties
Naugatuck Valley Planning Region, CT is typical in size for this group, 439,566 residents against a local median of 516,000, so the measures below are close to a like for like comparison. Nothing separates Naugatuck Valley Planning Region, CT sharply from the counties around it. Each measure below lands within 15% of the local median, close enough that the differences are within what survey sampling alone would produce.
The largest of those small differences is median household income, 7% below the local median at $87,330 against $94,231. Naugatuck Valley Planning Region, CT has the 6th highest median household income 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. |
|---|---|---|---|---|---|
| Naugatuck Valley Planning Region, CT | 439,566 | $87,330 #6/6 | 3.5%/yr #3/6 | 5.8% #4/6 | 0.530 #2/6 |
| South Central Connecticut Planning Region, CT | 516,000 | $91,696 | 4.4%/yr | 5.9% | 0.536 |
| Northwest Hills Planning Region, CT | 104,183 | $95,230 | 3.3%/yr | 5.5% | 0.515 |
| Greater Bridgeport Planning Region, CT | 308,890 | $90,469 | 3.4%/yr | 6.9% | 0.565 |
| Western Connecticut Planning Region, CT | 563,812 | $132,153 | 3.8%/yr | 5.1% | 0.530 |
| Capitol Planning Region, CT | 920,648 | $94,231 | 3.5%/yr | 5.2% | 0.535 |
Conclusion
Considering all these factors, Naugatuck Valley Planning Region, 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 Naugatuck Valley Planning Region, Connecticut.
How Rich Is Naugatuck Valley Planning Region, Connecticut?
Naugatuck 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 $87,330, about 10% lower than the Connecticut average of $97,098.
How fast is household income rising in Naugatuck Valley Planning Region, Connecticut?
Between 2009 and 2024, the median household income in Naugatuck Valley Planning Region, Connecticut rose 38%, from $63,112 to $87,330. Over the same years, income here lagged behind Connecticut as a whole: +38% against +41%.
What was the median household income in Naugatuck Valley Planning Region in 2023?
In 2023, the median household income in Naugatuck Valley Planning Region, Connecticut was $86,776, up 4% from $83,098 in 2022. The Connecticut median that year was $95,197.
What was the median household income in Naugatuck Valley Planning Region in 2020?
In 2020, the median household income in Naugatuck Valley Planning Region, Connecticut was $74,808. By 2024 it had risen 17% to $87,330.
What is the Gini coefficient in Naugatuck Valley Planning Region, Connecticut?
The Gini coefficient in Naugatuck Valley Planning Region is 0.530. 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 Naugatuck Valley Planning Region, Connecticut?
Since 2009, the income gap between men and women in Naugatuck Valley Planning Region, Connecticut has narrowed from about 23% to 16% in 2024. Over that period the gap was widest at 24% in 2010, and was narrowest at 14% in 2021. In dollar terms, the gap has narrowed by $1,352 since 2009.
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