How Has Cheshire's Household Income Changed Since the 2007 Recession?

The Connecticut Mirror took an in-depth look at income brackets in Connecticut from 2007 to 2013 and they found that there are more higher income and lower income households, which means that the middle class is shrinking.

In Cheshire, the number of households earning $200,000 or more in 2013 was 13.6 percent, and that rate was 12.7 percent in 2007. The number of households earning $100,000 or more in 2013 was 54.4 percent and it was 50.7 percent in 2007 in Cheshire.

Overall for Connecticut, the number of households earning more than $200,000 in Connecticut grew by 1.7 percent from 2007 to 2013 and now stands at 9 percent.

The number of households earning more than $100,000 in Connecticut grew by 3.8 percent from 2007 to 2013 and is now at 33.1 percent.

But the number of households in Connecticut earning $25,000 or less has actually increased slightly from 2007 to 2013 and now stands at 18.6 percent.

Cheshire, however, bucks that trend.

In Cheshire, 11.5 percent of the households earned less than $25,000 in 2007 and that number decreased to 8.1 percent in 2013.

Cheshire households earning $35,000 to $49,999 decreased from 9 percent in 2007 to 6.4 percent in 2013 but those earning $50,000 to $74,999 increased from 10.7 to 13.5 percent.

The CT Mirror takes an in-depth look at Cheshire’s income brackets, which can be viewed by clicking here.

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