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September 19, 2019Cart

Business

by Westchester County Business Journal
by WCBJ

Study ranks Westchester, Fairfield counties on access to workplace benefits

When it comes accessing workplace benefits, employees in Westchester rank fifth among New York’s counties and their counterparts in Fairfield County rank fourth among Connecticut’s counties, according to data released by SmartAsset.

The analysis found Westchester’s 6.50% unemployment rate was the highest among the 10 counties studied for New York while Fairfield County tied with Windham County with the state-high 7.60% unemployment rate. However, both counties have the lowest percentage of workers with health insurance: Westchester at 44.9% and Fairfield County at 48.3%

In New York, Westchester had the lowest percentage of employees contributing to retirement accounts at 56.28%. Across the border, Fairfield and Windham counties tied for the second-lowest share of employees contributing to retirement accounts at 53.84%.

SmartAsset also determined the countywide cost of living as a percentage of the average income in that county. Westchester had New York’s second-lowest cost of living index at 60.43% while Fairfield County ranked lowest in Connecticut at 58.38%. SmartAsset’s data was culled from the U.S. Census Bureau’s 2017 American Community Survey, the Bureau of Labor Statistics, the National Compensation Survey, the Kaiser Family Foundation and the company’s proprietary research.