[JayCT]

Originally Posted by CT_Yank

Here enlies the issue, you think 55K in Fairfield County is a good paying job?? It sucks, plain and simple. It is now a starting wage for the young..or poverty level for a family. Think about how housing costs have increased, student debt, gas, medical costs etc over 15 years. It is close to 2500/month for a one BD in Stamford. How do you pay for all that on 3K take home? Cue the "spoiled glass touching millenials..oh, I scrimped and saved" crowd. Reality is that 45k was a great starting salary..over two decades ago. How can we still be in that range and talking about a "decent" paying job?? Mindboggling to me. How many are over $75k or $100k?

I thought the housing market is doing poorly and prices are down in Connecticut?

$2,500 is for a newer glitzy apartment in a luxury building in Stamford, not a starter apartment. A person just starting out would not be living in them unless they are sharing the place. This is no different than 20 years ago. Or 30 years ago or 40.

Starting salaries in major companies were not $45,000 two decades ago. It was a lot less. I was looking at jobs in New York back then that were paying only slightly more than that but I was not just starting out. Jay

[CT_Yank]

Originally Posted by JayCT

I thought the housing market is doing poorly and prices are down in Connecticut?

$2,500 is for a newer glitzy apartment in a luxury building in Stamford, not a starter apartment. A person just starting out would not be living in them unless they are sharing the place. This is no different than 20 years ago. Or 30 years ago or 40.

Starting salaries in major companies were not $45,000 two decades ago. It was a lot less. I was looking at jobs in New York back then that were paying only slightly more than that but I was not just starting out. Jay

Sorry Jay but you are wrong. I lived it. Graduated college in mid-90s and lived in Northern VA. I was making $45k at 25 years old, started at $35k a few years ealier.

[JayCT]

Originally Posted by CT_Yank

Sorry Jay but you are wrong. I lived it. Graduated college in mid-90s and lived in Northern VA. I was making $45k at 25 years old, started at $35k a few years ealier.

I don’t know but according to the US Census the median household income in 1999 was $42,000. I doubt the starting salaries were as high as or higher than the median income. Jay

https://www.census.gov/prod/2005pubs/c2kbr-36.pdf

[BobNJ1960]

Originally Posted by Stylo

Yale continues its expansion. Milford Hospital is now officially a location/campus of Yale New Haven Health's Bridgeport Hospital. Temp signs went up quick! This is a good thing, as the hospital was struggling.

https://www.wtnh.com/news/connecticu...tal/2061930503

I doubt it would have survived without this.

Good to see.

[BobNJ1960]

Originally Posted by kidyankee764

Out of curiosity, what companies have been hiring at insane clips in CT? I can only think of one that’s hiring a decent amount, but that’s about it.

excellent question

[BobNJ1960]

Originally Posted by kidyankee764

You have to acknowledge there’s a disturbing trend with HQ pulling out of the state, for whatever reason.

Amen. I do know a giant chunk of todays millennials want no part of suburban office parks.

They want to work in major metros, so they may opt to go everywhere w/o driving, and go right to have a fun night out very close to work, which they want very close to where they live.

In the 80s and 90s, no one wished to work in urban war zones (violent crime). Those cities are safe now, and fun to work, live, and have be entertained in.

We can't compete with them.

[BobNJ1960]

Originally Posted by Beeker2211

A two-income household at $110k in Fairfield County isn't poverty status, not at all. $55k for someone single no dependents even more so. .

55k nets someone about 3.5k per month, which means you should not spend more than $1,167 on rent per month. That means you best be ok living in unsafe, urban neighborhoods.

[BobNJ1960]

Originally Posted by kidyankee764

But again, the job creation numbers aren’t there. .

This might have much to do with it.


https://www.ctdol.state.ct.us/progsu...s/warn2019.htm

And we know soon we can add Forum Plastics and Star Firearms to this list.

[jjbradleynyc]

Originally Posted by BobNJ1960

Amen. I do know a giant chunk of todays millennials want no part of suburban office parks.

They want to work in major metros, so they may opt to go everywhere w/o driving, and go right to have a fun night out very close to work, which they want very close to where they live.

In the 80s and 90s, no one wished to work in urban war zones (violent crime). Those cities are safe now, and fun to work, live, and have be entertained in.

We can't compete with them.

Stamford is the only city in CT that can slightly "compete" with the Austin's, Denver's, Nashville's, Charlotte's or Portland's of the world. And Stamford is very expensive to live in.

Unfortunately, there are very few millennials moving to New Haven (dangerous reputation MOSTLY, pockets of decent around East Rock and Yale/downtown), Bridgeport (poor, dangerous and blighted), and Hartford (somewhat dangerous, blighted and a quiet downtown after 6pm).

Connecticut is a FABULOUS place to live if you are a high-earning couple (combined $350k+) with a couple of kids. Live in Fairfield or Hartford Counties and send your kids to excellent public schools, and pay $800k-ish for a 4 bed home, bucolic countryside, beautiful coastline, wooded hills dotted with farmhouses and mansions, and close to NYC and Boston. Boom, CT offers an amazing quality of life.

However, ^^this is a RARITY of achievement for millennials. Not only do millennials not want to live in a bucolic country setting and settle down, they simply can't afford it. Most millennials are much more poor than Baby Boomers, and even Gen Xers.

https://www.npr.org/2018/11/30/67210...rents-fed-says

Inexpensive, fun, urban environments--with great economies--are where they seem to be flocking to.

[JayCT]

Originally Posted by jjbradleynyc

Stamford is the only city in CT that can slightly "compete" with the Austin's, Denver's, Nashville's, Charlotte's or Portland's of the world. And Stamford is very expensive to live in.

Unfortunately, there are very few millennials moving to New Haven (dangerous reputation MOSTLY, pockets of decent around East Rock and Yale/downtown), Bridgeport (poor, dangerous and blighted), and Hartford (somewhat dangerous, blighted and a quiet downtown after 6pm).

Connecticut is a FABULOUS place to live if you are a high-earning couple (combined $350k+) with a couple of kids. Live in Fairfield or Hartford Counties and send your kids to excellent public schools, and pay $800k-ish for a 4 bed home, bucolic countryside, beautiful coastline, wooded hills dotted with farmhouses and mansions, and close to NYC and Boston. Boom, CT offers an amazing quality of life.

However, ^^this is a RARITY of achievement for millennials. Not only do millennials not want to live in a bucolic country setting and settle down, they simply can't afford it. Most millennials are much more poor than Baby Boomers, and even Gen

https://www.npr.org/2018/11/30/67210...rents-fed-says

Inexpensive, fun, urban environments--with great economies--are where they seem to be flocking to.

Wasn’t New Haven just named the No. 1 city in the country that Millennials are moving to?

You do not have to be making $350,000 per year to live well here. You don’t even have to be making half that amount. The median household income in Greenwich is $125,000. You telling me that 3/4 of the town does not live well? Jay