ZIP code 06416: income, home prices and cost of living

The median household income in ZIP 06416 is $101,424, which is 0% above the Connecticut median of $101,424 and 48% above the national figure. The typical home is valued at $288,600, and the median rent is $1,391/month. 76.8% of households own their home.

Source: U.S. Census Bureau, American Community Survey (5-year). Latest observation ACS 2022.

Median household income

$101,424

Connecticut average
$101,424
National
$68,75048%

Median home value

$288,600

Connecticut average
$333,40013%
National
$209,60038%

Median gross rent

$1,391

Connecticut average
$1,390
National
$98441%

Median age

43.2 yrs

Connecticut average
43.5 yrs
National
41.0 yrs5%

Homeownership rate

76.8%

Connecticut average
78.5%2%
National
75.8%1%

Bachelor's degree or higher

22.9%

Connecticut average
23.0%
National
15.9%44%

How ZIP 06416 compares with Connecticut and the U.S.

State and national bars are the median across ZIP Code Tabulation Areas. Source: U.S. Census Bureau, American Community Survey (5-year), 2022.

Talk to a vetted advisor who serves your area

Local numbers only take you so far. Get matched with a fiduciary advisor who works with households in Connecticut.

Get matched with an advisor

Nearby ZIP codes in Connecticut

06415064180641306419064100642206424064050640306401

Or compare 06416 with 06415.

Run your own numbers

Cost of living calculatorBudget calculatorMortgage calculator

See every local figure on the Connecticut money guide.

What people search about ZIP 06416

Searches for the cost of living in 06416, the median household income in 06416, average rent in 06416 and home values in this part of Connecticut all come back to the same Census figures shown above. Use them alongside a mortgage payment estimate, a property tax estimate and a household budget before you compare this ZIP code with a neighbouring one.

  • cost of living in 06416
  • median household income in 06416
  • home values in 06416
  • average rent in 06416
  • property tax in 06416
  • housing market in 06416

Methodology

Figures describe ZIP Code Tabulation Area 06416, the Census Bureau's statistical approximation of the ZIP code. Values are median estimates for the five-year period ending 2022.

State and national benchmarks are the median of all ZCTAs in that geography with at least 1,000 residents, computed by us from the same public dataset.

Sources: U.S. Census Bureau, American Community Survey (5-year). American Community Survey 5-year estimates, 2022.