Hartford has been named the poorest city in Connecticut for 2024. Here are the key details about Hartford’s economic situation:
Economic Indicators
- Population: 121,057
- Median Income: $41,841 (lowest in the state)
- Poverty Rate: 26.9% (highest in the state)
- People in Poverty: 32,540
Factors Contributing to Hartford’s Ranking
- Low Pay: Hartford has the lowest median household income in Connecticut.
- High Poverty: The city has the highest poverty rate in the state.
- Lack of Jobs: The combination of low pay and high poverty suggests a significant lack of employment opportunities.
Cost of Living
Despite its economic challenges, Hartford does have one mitigating factor:
- The cost of living in Hartford ranks in the bottom 15% of places in the state, making necessities like housing relatively more affordable.
Hartford’s position as Connecticut’s poorest city is based on a comprehensive analysis of economic factors across 21 places in the state with populations over 9,000. The city’s combination of low income and high poverty rate has consistently placed it at the top of this list, with no change in ranking from the previous year.
Sources:
- https://www.roadsnacks.net/poorest-places-in-connecticut/
- https://i95rock.com/in-the-shadows-of-wealth-connecticuts-10-most-impoverished-neighborhoods/