Comprehensive salary data, cost of living, tax rates, and employment information for Connecticut.
Reviewed by Alexander O.M., MBA, BSc Engineering•Updated
Connecticut's $90,213 median household income is among the top ten in the US, a reflection of both the Fairfield County commuter belt into New York City and the Hartford insurance-and-finance corridor. The state's two economies are stark. Fairfield County (Stamford, Greenwich, Darien) has some of the highest household incomes in the country, driven by hedge-fund and asset-management employment; the Hartford region is dominated by insurance giants (The Hartford, Travelers, Aetna/CVS Health) and was historically the insurance capital of the US. The eastern part of the state has a different economy entirely — Electric Boat in Groton manufactures nuclear submarines and is one of the largest private employers in New England. The cost-of-living index of 113 reflects housing costs that run 30 to 50 percent above the national average in Fairfield County. State income tax brackets range from 3% to 6.99%, and Connecticut is one of a handful of states that imposes an estate tax. The $16.35/hour minimum wage is among the highest in the country and is adjusted annually. Property taxes are the second-highest in the US by effective rate, behind only New Jersey. Detailed salary, cost-of-living, and employer data follow.
Median Individual
$45,230
per year
Median Household
$90,213
per year
Cost of Living
113
Expensive (US avg = 100)
State Income Tax
3-6.99%
rate
Salary Overview for Connecticut
The median individual income in Connecticut is $45,230 per year, while the mean (average) individual income is $60,150. The median household income is $90,213.
Cost of Living Adjusted Salary
Connecticut's cost of living index is 113 (national average = 100). This means the median salary of $45,230 in Connecticut has the purchasing power of approximately $40,027 at the national average cost of living. The higher cost of living in Connecticut means you need to earn more to maintain the same standard of living.
Minimum Wage in Connecticut
The current minimum wage in Connecticut is $16.35/hour, which equals approximately $34,008 per year for a full-time worker (40 hours/week, 52 weeks). See our complete Connecticut minimum wage guide for tipped wages, scheduled increases, and more.
Top Employers in Connecticut
Yale New Haven Health
Hartford HealthCare
Raytheon
Major Industries in Connecticut
Finance & Insurance
Healthcare
Manufacturing
Tax Rates in Connecticut
See the full tax breakdown including income tax, sales tax, property tax, and more on our Connecticut tax rates page.
Calculate Your Take-Home Pay
Use our Salary Calculator to convert between hourly, weekly, monthly, and annual pay, and estimate your take-home pay in Connecticut after federal and state taxes.