While Connecticut earners still average the highest personal income in the nation, the state ranked 44th nationally in income growth in 2017 at an uptick of just 1.5 percent, according to the new data from the U.S. Bureau of Economic Analysis.
The federal estimates released Thursday report that Connecticut’s average income of more than $71,000 per resident stills edges ahead of Massachusetts by a wide margin, although the neighboring state narrowed the gap with a 3.3 percent gain in income, to almost $65,900.
Under the report, Connecticut ranked last among eastern state’s for growth in personal income.
The nation averaged personal income increases of 3.1 percent in 2017, after increasing by 2.3 percent in 2016, the report says.
From 2015 to 2016, Connecticut gained a 3 percent hike in personal income while the rest of the U.S. averaged a 3.6 percent increase.
Aggregate personal income in Connecticut, following the third quarter of 2017, had increased for four straight quarters, to almost $252 billion.
New Hampshire ranked first in the Northeast in personal income growth up 3.5 percent, or a total of more than 57,500, in 2017. Washington led the nation under the same measure with a hike of 4.8 percent, or a total of more than 56,200.
