What does a Economists salary really buy you in Connecticut?
Connecticut is 6.4% pricier than the US averageData: BLS OEWS 2024 + BEA Regional Price Parities 2022 • Updated 2026-03-31
Connecticut's Regional Price Parity (RPP) is 106.4, meaning prices are 6.4% higher the national average. A Economists earning $103,200 in Connecticut has the equivalent purchasing power of $96,992 in an average-cost US state.
Every dollar goes further in low-cost states. Here is how each salary percentile compares after adjusting for Connecticut's cost of living.
| Percentile | Nominal Salary | COL-Adjusted | Difference |
|---|---|---|---|
| 10th Percentile (P10) | $72,910 | $68,524 | $-4,385 |
| 25th Percentile (P25) | $84,460 | $79,379 | $-5,080 |
| Median (P50) | $103,200 | $96,992 | $-6,207 |
| 75th Percentile (P75) | $133,250 | $125,234 | $-8,015 |
| 90th Percentile (P90) | $163,220 | $153,402 | $-9,817 |
While $103,200 sounds high, Connecticut's elevated cost of living erases 6% of that salary's purchasing power. Your real buying power is $96,992. Consider whether the higher pay offsets the higher costs.
Where does Economists salary stretch the furthest? Top 10 states ranked by COL-adjusted median salary.
Connecticut ranks #24 out of 39 states for Economists after cost-of-living adjustment.
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A Economists in Connecticut earns a median salary of $103,200 per year. After adjusting for Connecticut's cost of living (RPP=106.4), the real purchasing power is $96,992 — a -6.0% difference.
Connecticut's cost of living is 6.4% higher than the national average according to the BEA Regional Price Parities (2022). The RPP index for Connecticut is 106.4 (US average = 100).
Regional Price Parities (RPPs) are price indexes published by the U.S. Bureau of Economic Analysis (BEA) that measure differences in price levels across states. They are expressed as a percentage of the national average (US = 100). Higher RPP means higher cost of living.
The adjusted salary is calculated as: Nominal Salary x (100 / RPP). For a Economists in Connecticut: $103,200 x (100 / 106.4) = $96,992. This represents what the salary would be worth in a state with average living costs.
Partially — a Economists's nominal salary of $103,200 in Connecticut has 6.0% less purchasing power due to higher living costs. The real value is $96,992. However, Connecticut may offer better career opportunities, networking, and industry access.