Although median income in Connecticut is high at $66,441, housing prices in the state have grown substantially since 2000. The price for a single-family home in Connecticut rose by 62 percent from 2000 to 2008, while personal income rose by only 38 percent.
Additionally, from 2000 to 2010, median gross rent rose in Connecticut by 45.7%, while the median household income of renters rose by just 7.2% and median household income for all houesholds rose by 19.2%. According to 2010 American Community Survey data, 50.5% of renters in Connecticut spent over 30% of their income on housing and 27.0% of renters spend more than 50% of their income on housing.
This fact sheet is a useful graph of the changes in personal income and housing prices from 2000-2010.