Fairfield County

Located just outside New York City in Connecticut, Fairfield is a slowly growing county with a population of around 950,000. Bridgeport is the county’s largest city, while Stamford is the primary business hub; the county’s other major cities include Norwalk, Danbury, and Greenwich. In contrast to New York City’s employment boom, Fairfield had seen little job growth in the years leading up to the pandemic, but it has reversed all the pandemic job losses. Historically, Fairfield County has been a major hub for durable goods manufacturing; though such activity has shrunk in recent years, it remains an important sector. As in New York City, the finance sector plays an outsized role in the regional economy, though it has not grown in recent years. The education and health and leisure and hospitality sectors had been the strongest contributors to growth in the area leading up to the pandemic, and they have shown a fair degree of resilience since. The county’s educational attainment and median income rank among the highest in the nation. While Fairfield is one of the nation’s most affluent counties, it is also one of the most unequal.

Economic and Demographic Trends
Fairfield County Dutchess-Putnam* Orange-Rockland-Westchester* Connecticut USA
Population1 957,000 394,000 1,744,000 3,606,000 331,449,000
Pop growth, 10-year change1 4.4% -0.9% 6.8% 0.9% 7.4%
GDP, billions1 $92 $19 $125 $276 $20,894
Job growth, 5-year change2 -7.2% -5.6% -4.1% -4.6% 1.2%
Median household income1 $99,100 $81,900 $82,000 $80,000 $67,000
Median home price1 $400,000 $320,000 $350,000 $282,000 $250,000
Pop share age 25+ with BA+1 51.6% 41.8% 38.8% 42.5% 35.1%

1 2020

2 2021

* Neighboring Metros

Sources: U.S. Census Bureau; U.S. Bureau of Labor Statistics; U.S. Bureau of Economic Analysis; IPUMS USA-University of Minnesota. Data retrieved through data.census.gov, Moody's Economy.com, or directly from source.

Reports & Analysis
Regional Employment Trends (September 8, 2023)
LSE Blog: Businesses Want Remote Work, Just Not as Much (August 23, 2023)
Press Briefing: The Region’s Recovery from the Pandemic Recession (April 13, 2023)
LSE Blog: The Tri-State Region’s Recovery from the Pandemic Recession Three Years On (April 13, 2023)
Jason Bram's Briefing on Regional Economic Conditions (February 16, 2023, Fairfield County)
Press Briefing: Employment and Housing Conditions in the Second District (Nov 10, 2022)
Jaison Abel's Briefing on Economic Conditions in the Region (Nov 5, 2021)
Severe Supply Disruptions Are Impeding Business Activity in the Region (Oct 21, 2021)
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