ZIP code 06516: income, home prices and cost of living

The median household income in ZIP 06516 is $72,827, which is 28% below the Connecticut median of $101,424 and 6% above the national figure. The typical home is valued at $247,800, and the median rent is $1,322/month. 52.1% of households own their home.

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

Median household income

$72,827

Connecticut average
$101,42428%
National
$68,7506%

Median home value

$247,800

Connecticut average
$333,40026%
National
$209,60018%

Median gross rent

$1,322

Connecticut average
$1,3905%
National
$98434%

Median age

36.1 yrs

Connecticut average
43.5 yrs17%
National
41.0 yrs12%

Homeownership rate

52.1%

Connecticut average
78.5%34%
National
75.8%31%

Bachelor's degree or higher

15.5%

Connecticut average
23.0%33%
National
15.9%3%

How ZIP 06516 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.

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Nearby ZIP codes in Connecticut

06515065170651406518065130651906512065110652406525

Or compare 06516 with 06515.

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What people search about ZIP 06516

Searches for the cost of living in 06516, the median household income in 06516, average rent in 06516 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.

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Methodology

Figures describe ZIP Code Tabulation Area 06516, 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.