New Haven is a city in Connecticut state in USA with a population of 130381 residents.. The poverty rate of New Haven is 25.2%, which is 80% higher than national average. The typical household in New Haven earns $44507 a year, compared to the national median of $67,500. Financial hardship is relatively common in the city as 1 in every 4 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 9 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 53.5% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in New Haven, only 85% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of New Haven remained 8.6%, which is 83% higher than national rate. Nearly 2 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In New Haven, only 35% of adults have a bachelor's degree and 19% have some college but no degree.

Cost of living in New Haven is 114, which is 14% higher than national average. Median home value in New Haven is $205100 , which is 11% lower than national average. While median income in New Haven remained $44507, which is 34% lower than national average.