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November 30, 2005

I Live in the Nation's Wealthiest State...Big Deal

Connecticut is now considered the country's wealthiest state, with the median household income of $56,409. The country's average is $43,318.

What the article doesn't mention is the price of living. The national median home price is $187,500. The median price for a home in Connecticut is $219,900.

Don't pack your duds for that move to Connecticut just yet!

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Posted by Pam Meister at 07:05 AM | Comments (5) | TrackBack (1) | Economy
Comments

Hmmmm.....

Housing costs more where people make more money

Hmmmmm....

People with more money bidding up the price of housing

Ah yes. Capitalism.

I love it.

Posted by: Stephen Macklin at November 30, 2005 08:53 PM

Why would anyone MOVE here? I'm trying to figure out why I still LIVE here.

Posted by: Gary at December 1, 2005 11:00 AM

Gary,

It's all relative. I moved to CT from Maine about 14 years ago. I was basically doing the same job for twice the money - and paying twice as much to be here doing it. I was no more or less broke than before the move. (i.e. living paycheck to paycheck and actually making it every now and then.)

You could live somewhere cheaper but you probably couldn't earn as much.

So why do it here? Easy.

New York City.

It's relatively easy to hop into the city and enjoy it for the day - and not have to live there.

Posted by: Stephen Macklin at December 1, 2005 07:29 PM

Yay, another Connecticut Munuvian! To my knowledge that now makes 5 of us! Whereabouts are ya, Pam?

Posted by: Tuning Spork at December 4, 2005 07:13 PM

I had no idea there were so many good CTbloggers out there. I'm glad to see that I'm in good company!

Posted by: Alex Nunez at December 5, 2005 12:25 PM
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