Economy, jobs and prices in Connecticut, United States: official figures
The economy of Connecticut (gross domestic product) was worth $382.6 billion in 2025 at current prices, 1.2% of the US total of $30.86 trillion; 23rd largest of 51. In current dollars it was up 5.6% on 2024.
How fast is the economy of Connecticut growing?
After adjusting for inflation, real GDP in Connecticut grew 2.5% in 2025, against 2.3% for the United States; 16th fastest-growing of 51.
Source: U.S. Bureau of Economic Analysis · saved copyWhat is the GDP per capita of Connecticut?
Dividing 2025 GDP by the Census Bureau's population estimate gives $103,727 of output per resident, against $90,294 for the US economy divided by the population of the 50 states and DC; 7th highest of 51.
Source: U.S. Bureau of Economic Analysis · saved copyIs the economy of Connecticut growing or shrinking?
In the second quarter of 2026, real GDP in Connecticut grew at an annual rate of 3.0% (United States: 2.2%); tied for 7th fastest-growing of 51.
Source: U.S. Bureau of Economic Analysis · saved copyWhat are the main industries in Connecticut?
In 2025 the largest private industry in Connecticut's economy was finance and insurance (16.4% of GDP), followed by real estate, rental and leasing (13.1%) and manufacturing (10.5%). Government accounted for 8.8%; the manufacturing share was 19th highest of 51 (United States: 9.5%).
Source: U.S. Bureau of Economic Analysis · saved copyHow much do people in Connecticut spend?
Consumer spending (personal consumption expenditures) in Connecticut came to $70,377 per person in 2025 (United States: $61,062); 4th highest of 51.
Source: U.S. Bureau of Economic Analysis · saved copyIs Connecticut expensive to live in?
Prices in Connecticut were 3.6% above the national average in 2024, by BEA's regional price parity of 103.6 (US = 100), which covers goods, services and housing; 10th most expensive of 51.
Source: U.S. Bureau of Economic Analysis · saved copyWhat is the inflation rate in Connecticut?
Prices in Connecticut rose 2.0% in 2024, measured by BEA's implicit regional price deflator, against 2.6% nationally (PCE price index).
Source: U.S. Bureau of Economic Analysis · saved copyWhat is the per capita income in Connecticut?
Personal income per person in Connecticut was $102,307 in 2025, against $77,028 for the United States; 2nd highest of 51. It was up 4.6% on 2024 and up 33.2% on 2020, before inflation.
Source: U.S. Bureau of Economic Analysis · saved copyWhat is the disposable income per person in Connecticut?
After taxes, disposable personal income per person was $86,060 in 2025 (United States: $67,251); 2nd highest of 51.
Source: U.S. Bureau of Economic Analysis · saved copyHow far does income go in Connecticut?
Adjusted for local price levels, real personal income per person in Connecticut was $74,254 in 2024 in 2017 dollars (United States: $59,195); 3rd highest of 51.
Source: U.S. Bureau of Economic Analysis · saved copyWhat is the median household income in Connecticut?
Median household income in Connecticut was $96,049 in 2024 (margin of error ±$1,824), against $81,604 for the United States; 11th highest of 51 by the point estimate. It was not statistically different from 2023 after adjusting for inflation (American Community Survey).
Source: U.S. Census Bureau · saved copyHow unequal are incomes in Connecticut?
The Gini index of household income inequality in Connecticut was 0.499 in 2024 (0 means equal incomes, 1 means one household has everything; United States: 0.481); 3rd most unequal of 51.
Source: U.S. Census Bureau · saved copyWhat is the unemployment rate in Connecticut?
The unemployment rate in Connecticut was 5.1% in September 2026 (seasonally adjusted, preliminary), up from 4.2% a year earlier; tied for 2nd highest of 51. The rate for the 50 states and DC combined was 4.2%.
Source: U.S. Bureau of Labor Statistics · saved copyHow many people are unemployed in Connecticut?
In September 2026, 96,893 people in Connecticut were unemployed and 1,785,377 employed, out of a labor force of 1,882,270.
Source: U.S. Bureau of Labor Statistics · saved copyWhat was the unemployment rate in Connecticut in 2025?
Over 2025 the unemployment rate in Connecticut averaged 4.0% (an 11-month average: October 2025 was not collected during the federal shutdown), against 3.3% in 2024; tied for 24th highest of 51. The lowest annual rate since 1976 was 2.1% in 2000.
Source: U.S. Bureau of Labor Statistics · saved copyWhat is the average salary in Connecticut?
Workers covered by unemployment insurance in Connecticut were paid $90,982 on average in 2025 ($1,750 a week), up 4.0% on 2024; the US average was $78,720. That is 6th highest of 51.
Source: U.S. Bureau of Labor Statistics · saved copyHow many jobs are there in Connecticut?
Employers in Connecticut had an average of 1,691,734 jobs on their payrolls in 2025 across 149,082 establishments, up 0.5% on 2024 (United States: up 0.5%).
Source: U.S. Bureau of Labor Statistics · saved copyWhat is the median wage in Connecticut?
The median annual wage across all occupations in Connecticut was $59,690 in May 2025 (mean $77,420); 6th highest of 51. One in ten workers earned less than $35,450 and one in ten more than $135,790.
Source: U.S. Bureau of Labor Statistics · saved copyWhat is the most common job in Connecticut?
The most common occupation in Connecticut in May 2025 was home health and personal care aides, with 49,510 workers and a median annual wage of $38,990.
Source: U.S. Bureau of Labor Statistics · saved copyWhat is the median household income in Connecticut?
Median household income in Connecticut was $95,670 in 2024, 12th highest among the 50 states and DC (U.S.: $81,604). In 2019 it was $78,920, so it has risen 21.2% before allowing for inflation.
Source: U.S. Census Bureau · saved copyWhat is the average rent in Connecticut?
The median gross rent in Connecticut, including utilities, was $1,550 a month in 2024, up 5.9% on 2023 ($1,463); 17th highest among the 50 states and DC (U.S.: $1,487).
Source: U.S. Census Bureau · saved copyWhat is the median home value in Connecticut?
Homeowners in Connecticut valued their homes at a median of $396,900 in 2024, up 7.9% on 2023 ($367,800); joint 19th highest among the 50 states and DC (U.S.: $360,600).
Source: U.S. Census Bureau · saved copyHow affordable are homes in Connecticut?
The median home value in Connecticut was 4.1 times the median household income in 2024 ($396,900 against $95,670); 25th lowest ratio among the 50 states and DC (U.S.: 4.4).
Source: U.S. Census Bureau · saved copyIs rent affordable in Connecticut?
A household on the median income in Connecticut would spend 19.4% of its income on the median rent of $1,550 a month in 2024 (U.S.: 21.9%).
Source: U.S. Census Bureau · saved copyHow Connecticut compares with other states
Gross domestic product, 2025 (current dollars) (2025)
Connecticut ranks 23 of 51, highest first.
| Rank | Region | Gross domestic product, 2025 (current dollars) |
|---|---|---|
| 20 | Minnesota | $515.1 billion |
| 21 | Wisconsin | $478.8 billion |
| 22 | Missouri | $475.4 billion |
| 23 | Connecticut | $382.6 billion |
| 24 | South Carolina | $378.4 billion |
| 25 | Oregon | $343.2 billion |
| 26 | Louisiana | $342.3 billion |
GDP per resident, 2025 (BEA GDP / Census population) (2025)
Connecticut ranks 7 of 51, highest first.
| Rank | Region | GDP per resident, 2025 (BEA GDP / Census population) |
|---|---|---|
| 4 | Massachusetts | $113,724 |
| 5 | Washington | $111,518 |
| 6 | California | $109,196 |
| 7 | Connecticut | $103,727 |
| 8 | North Dakota | $103,020 |
| 9 | Nebraska | $102,386 |
| 10 | Alaska | $99,875 |
Real GDP growth, 2025 (2025)
Connecticut ranks 16 of 51, highest first.
| Rank | Region | Real GDP growth, 2025 |
|---|---|---|
| 13 | Utah | 2.7% |
| 14 | Illinois | 2.6% |
| 15 | New York | 2.5% |
| 16 | Connecticut | 2.5% |
| 17 | Ohio | 2.4% |
| 18 | Virginia | 2.3% |
| 19 | Oklahoma | 2.2% |
Real GDP growth, 2026:Q2 (annual rate) (2026:Q2)
Connecticut ranks 8 of 51, highest first.
| Rank | Region | Real GDP growth, 2026:Q2 (annual rate) |
|---|---|---|
| 5 | Utah | 3.4% |
| 6 | Georgia | 3.1% |
| 7 | Florida | 3.0% |
| 8 | Connecticut | 3.0% |
| 9 | North Carolina | 2.9% |
| 10 | Massachusetts | 2.7% |
| 11 | South Dakota | 2.7% |
Personal income per person, 2025 (2025)
Connecticut ranks 2 of 51, highest first.
| Rank | Region | Personal income per person, 2025 |
|---|---|---|
| 1 | District of Columbia | $119,772 |
| 2 | Connecticut | $102,307 |
| 3 | Massachusetts | $98,700 |
| 4 | New York | $91,504 |
| 5 | Wyoming | $91,109 |
| 6 | California | $90,957 |
| 7 | New Jersey | $89,720 |
Real personal income per person, 2024 (adjusted for local prices, 2017 dollars) (2024)
Connecticut ranks 3 of 51, highest first.
| Rank | Region | Real personal income per person, 2024 (adjusted for local prices, 2017 dollars) |
|---|---|---|
| 1 | District of Columbia | $81,872 |
| 2 | Wyoming | $75,501 |
| 3 | Connecticut | $74,254 |
| 4 | Massachusetts | $71,629 |
| 5 | South Dakota | $69,153 |
| 6 | Nebraska | $65,297 |
| 7 | North Dakota | $65,271 |
Median household income, 2024 (ACS) (2024)
Connecticut ranks 11 of 51, highest first.
| Rank | Region | Median household income, 2024 (ACS) |
|---|---|---|
| 8 | Washington | $99,389 |
| 9 | Colorado | $97,113 |
| 10 | Utah | $96,658 |
| 11 | Connecticut | $96,049 |
| 12 | Alaska | $95,665 |
| 13 | Virginia | $92,090 |
| 14 | Delaware | $87,534 |
Regional price parity, 2024 (US = 100) (2024)
Connecticut ranks 10 of 51, highest first.
| Rank | Region | Regional price parity, 2024 (US = 100) |
|---|---|---|
| 7 | Massachusetts | 105.8 |
| 8 | Maryland | 105.0 |
| 9 | New Hampshire | 104.2 |
| 10 | Connecticut | 103.6 |
| 11 | Florida | 103.4 |
| 12 | Oregon | 103.4 |
| 13 | Colorado | 103.1 |
Unemployment rate, September 2026 (seasonally adjusted) (September 2026)
Connecticut ranks 3 of 51, highest first.
| Rank | Region | Unemployment rate, September 2026 (seasonally adjusted) |
|---|---|---|
| 1 | District of Columbia | 5.6% |
| 2 | California | 5.1% |
| 3 | Connecticut | 5.1% |
| 4 | Michigan | 5.0% |
| 5 | Oregon | 5.0% |
| 6 | Arizona | 4.9% |
| 7 | Washington | 4.8% |
Unemployment rate, 2025 annual average (2025)
Connecticut ranks 27 of 51, highest first.
| Rank | Region | Unemployment rate, 2025 annual average |
|---|---|---|
| 24 | Missouri | 4.0% |
| 25 | Maryland | 4.0% |
| 26 | Colorado | 4.0% |
| 27 | Connecticut | 4.0% |
| 28 | Florida | 3.9% |
| 29 | Minnesota | 3.9% |
| 30 | North Carolina | 3.8% |
Labor force participation rate, September 2026 (September 2026)
Connecticut ranks 24 of 51, highest first.
| Rank | Region | Labor force participation rate, September 2026 |
|---|---|---|
| 21 | Pennsylvania | 62.6% |
| 22 | Oregon | 62.6% |
| 23 | Nevada | 62.3% |
| 24 | Connecticut | 62.1% |
| 25 | Vermont | 62.1% |
| 26 | Washington | 62.0% |
| 27 | Rhode Island | 62.0% |
Average annual pay, 2025 (QCEW) (2025)
Connecticut ranks 6 of 51, highest first.
| Rank | Region | Average annual pay, 2025 (QCEW) |
|---|---|---|
| 3 | New York | $99,941 |
| 4 | Washington | $99,675 |
| 5 | California | $96,963 |
| 6 | Connecticut | $90,982 |
| 7 | New Jersey | $86,247 |
| 8 | Colorado | $84,153 |
| 9 | Maryland | $81,539 |
Median annual wage, all occupations, May 2025 (OEWS) (May 2025)
Connecticut ranks 6 of 51, highest first.
| Rank | Region | Median annual wage, all occupations, May 2025 (OEWS) |
|---|---|---|
| 3 | Washington | $62,990 |
| 4 | Alaska | $61,000 |
| 5 | Colorado | $59,800 |
| 6 | Connecticut | $59,690 |
| 7 | New York | $59,670 |
| 8 | Maryland | $59,510 |
| 9 | New Jersey | $58,570 |
Median household income (2024)
Connecticut ranks 12 of 51, highest first. Census Bureau SAIPE model estimates
| Rank | Region | Median household income |
|---|---|---|
| 9 | Colorado | $96,871 |
| 10 | Utah | $96,398 |
| 11 | Alaska | $96,336 |
| 12 | Connecticut | $95,670 |
| 13 | Virginia | $92,116 |
| 14 | Delaware | $87,510 |
| 15 | Minnesota | $87,120 |
Median gross rent (monthly) (2024)
Connecticut ranks 17 of 51, highest first. Renter-occupied units paying cash rent
| Rank | Region | Median gross rent (monthly) |
|---|---|---|
| 14 | Oregon | $1,597 |
| 15 | Utah | $1,593 |
| 16 | New Hampshire | $1,558 |
| 17 | Connecticut | $1,550 |
| 18 | Delaware | $1,530 |
| 19 | Georgia | $1,506 |
| 20 | Texas | $1,475 |
Median value of owner-occupied homes (2024)
Connecticut ranks 20 of 51, highest first. Owner-reported value
| Rank | Region | Median value of owner-occupied homes |
|---|---|---|
| 17 | Montana | $425,400 |
| 18 | Virginia | $403,500 |
| 19 | Florida | $396,900 |
| 20 | Connecticut | $396,900 |
| 21 | Alaska | $376,500 |
| 22 | Delaware | $371,600 |
| 23 | Vermont | $352,800 |
More on Connecticut: overview · health · education and schools · poverty and living standards · government budget · the United States
Sources
- U.S. Census Bureau: Household Income in States and Metropolitan Areas: 2024 (ACSBR-025), Appendix Table 1: median household income and Gini index by state, 2023 and 2024 American Community Survey, read 23 October 2026 · saved copy (SHA-256 5de1b0d5ec46…)
- U.S. Bureau of Economic Analysis: SASUMMARY: State annual summary statistics: personal income, GDP, consumer spending, price indexes, and employment (updated 30 September 2026), read 23 October 2026 · saved copy (SHA-256 a3757d207c05…)
- U.S. Bureau of Economic Analysis: SAGDP: Annual GDP by state, 1997-2025 (table SAGDP2, GDP in current dollars by industry), read 23 October 2026 · saved copy (SHA-256 3d3c5bc7bd24…)
- U.S. Bureau of Economic Analysis: SQGDP: Quarterly GDP by state, 2005-2026 Q2 (table SQGDP11, percent change in real GDP at annual rate), read 23 October 2026 · saved copy (SHA-256 1649260cdceb…)
- U.S. Bureau of Labor Statistics: Local Area Unemployment Statistics: employment status of the civilian noninstitutional population, states, monthly, seasonally adjusted, read 23 October 2026 · saved copy (SHA-256 7bb6f18d4145…)
- U.S. Bureau of Labor Statistics: Local Area Unemployment Statistics: employment status of the civilian noninstitutional population, states, annual averages 1976-2025, read 23 October 2026 · saved copy (SHA-256 262aba7d00df…)
- U.S. Bureau of Labor Statistics: Occupational Employment and Wage Statistics, May 2025 state estimates (state_M2025_dl.xlsx), read 23 October 2026 · saved copy (SHA-256 74d5be0e1df8…)
- U.S. Bureau of Labor Statistics: Quarterly Census of Employment and Wages, 2025 annual averages, all industries (open data CSV slice), read 23 October 2026 · saved copy (SHA-256 5a5f89142aae…)
- U.S. Census Bureau: American Community Survey 2024 1-year estimates, table-based summary file: Median gross rent (B25064), read 23 October 2026 · saved copy (SHA-256 8624f9775add…)
- U.S. Census Bureau: American Community Survey 2024 1-year estimates, table-based summary file: Median value of owner-occupied homes (B25077), read 23 October 2026 · saved copy (SHA-256 27120d5d8a5f…)
- U.S. Census Bureau: Small Area Income and Poverty Estimates (SAIPE): 2024 poverty and median household income, states and counties, read 23 October 2026 · saved copy (SHA-256 cb52c47d75c1…)
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