Hartford Stats

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Category: Output & Income (page 2 of 2)

Hartford is America’s 17th Richest City

U.S. median household income rose to $56,516 in 2015, an increase of $2,800, or 5.2% over 2014 levels. Despite it being the largest percentage increase since 1998, median household income remains lower than it was in 2007 when adjusted for inflation. Whether an American is likely to make more or less than the national median […]

Airplanes and Airplane Parts Are the Top Selling Products in Connecticut

The United States exported a total of $2.26 trillion worth of goods and services in 2015, down slightly from a record high of $2.38 trillion in 2014. Exports accounted for an estimated 12.6% of total U.S. GDP and were a significant part of every state’s economy. Without exception, each state in the country exported more […]

Insurance Carriers and Related Activities is the Largest Industry in Connecticut

Dozens of industries across all 50 states comprise the U.S. economy — the world’s largest economy accounts for more than a quarter of global GDP. Several states, including California and New York, generate more output than several countries, including Belgium, Poland, and Turkey. Texas’s largest industry alone produces more in economic output than the entire […]

Kevin Ollie is the Highest Paid Public Employee in Connecticut

Nick Saban, head coach of the men’s football team at the University of Alabama, is paid more than $7 million annually. He is the highest paid employee of all U.S. workers employed by a local or state government. In the vast majority of states, college football and basketball coaches are the highest paid public employees. […]

Connecticut is the 5th Richest State in America

The U.S. Census Bureau released on Wednesday new data from its 2015 nationwide population survey. According to the annual survey, the national median household income rose to $55,775 in 2015. No state reported income declines. While 39 states reported significant increases in household income, income levels in 11 states remained the same. 24/7 Wall St. […]

Connecticut is the 3rd Most Valuable State

A recent study estimates that the combined value of all land in the contiguous United States is worth nearly $23 trillion. The most valuable state, according to the survey, is California, which accounted for 17% of the total value of the 48 bordering states. New Jersey, however, had the most valuable real estate relative to […]

Hartford is the 19th Richest City in America

U.S. median household income increased in 2014 to $53,657, an increase of roughly $600 from the previous year. Still, U.S. incomes have yet to recover to pre-recession levels. Adjusting for inflation, U.S. 2014 median income was still below its 2009 level. Periods of recession and economic boom have an impact on the overall wealth of […]

Connecticut Has the 8th Slowest Growing Economy

The U.S. economy grew 2.4% in 2015. This is the most the economy has grown in more than five years, and is a slight improvement on 2014’s 2.2% growth. The economies of all but two states grew in 2015, some substantially more than others, and for a variety of reasons. California and Oregon each grew […]

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