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Personal Income Recovering in Connecticut

Mara Lee

June 18, 2010

Connecticut's per capita income grew approximately $500 on an annual basis in the first three months of the year, rising to approximately $54,865 for every man, woman and child in the state.

For the last six months, income has been climbing in Connecticut, as the recovery slowly takes hold.

But per capita income is still about $1,375 below the peak in 2008.

Connecticut's income grew by 0.6 percent in the first quarter, twice as fast as the improvement at the end of 2009, but that pace ranked it 44th in the nation.

Still, Connecticut residents are by far the wealthiest of any state. New Jersey, which is No. 2, had roughly $50,750 per person income during the first quarter. Over the past six months, its income has improved by 0.9 percent, the same as Connecticut.

Massachusetts is No. 3, at approximately $50,500 in the third quarter. It has had income growth of 1 percent over the past six months.