06416 Map

06416 Income Statistics

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Comparison to Surrounding Areas

06416 Median Household Income

The median household income ($104,458) for 06416 is less than the median household income for 06480 ($118,955), 06023 ($111,042), 06037 ($110,443), and 06073 ($180,172). But it's more than 06067 ($100,122), 06457 ($74,003), and Lower Connecticut River Valley Planning Region ($101,117). And it's the same as Cromwell town ($104,458).

06416$104,458
Cromwell town$104,458
Lower Connecticut River Valley Planning Region$101,117

06416 Average Household Income

The average household income ($138,550) for 06416 is less than the average household income for 06037 ($139,384) and 06073 ($225,912). But it's more than 06067 ($129,820), 06480 ($134,423), 06457 ($101,458), 06023 ($123,074), and Lower Connecticut River Valley Planning Region ($134,068). And it's the same as Cromwell town ($138,550).

06416$138,550
Cromwell town$138,550
Lower Connecticut River Valley Planning Region$134,068

06416 Per-Capita Income

The per-capita income for 06416 is $58,363. The per capita income ($58,363) for 06416 is less than the per capita income for 06073 ($85,559). But it's more than 06067 ($57,047), 06480 ($52,051), 06457 ($46,006), 06023 ($56,448), 06037 ($56,542), and Lower Connecticut River Valley Planning Region ($56,906). And it's the same as Cromwell town ($58,363).

06416$58,363
Cromwell town$58,363
Lower Connecticut River Valley Planning Region$56,906

06416 High Income Households

17.2% of households make over $200,000 a year. The percent high income households (17.2%) for 06416 is less than the percent high income households for 06067 (18.7%), 06480 (19.7%), 06023 (24.3%), 06037 (19.2%), 06073 (43.5%), and Lower Connecticut River Valley Planning Region (18.0%). But it's more than 06457 (11.6%). And it's the same as Cromwell town (17.2%).

0641617.2%
Cromwell town17.2%
Lower Connecticut River Valley Planning Region18.0%

06416 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
06416$-1$113,309$143,879$59,779
Cromwell town$-1$113,309$143,879$59,779
Lower Connecticut River Valley Planning Region$49,682$110,891$122,849$72,993

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About the Data

Sources & Margins of Error

All income statistics above are the most current, comparable income statistics available from the US Census Bureau and are from the American Community Survey 2023 5-year estimates. You can find this information and other demographics for 06416 on the US Census Bureau’s website. These values are in 2023 inflation-adjusted dollars and were downloaded on 12 December 2024.

The following data tables were used:

  • B19001 Household Income in the Past 12 Months (in 2023 inflation-adjusted dollars)
  • B19013 Median Household Income in the Past 12 Months (in 2023 inflation-adjusted dollars)
  • B19301 Per Capita Income in the Past 12 Months (in 2023 inflation-adjusted dollars)
  • S1902 Mean Income in the Past 12 Months (in 2023 inflation-adjusted dollars)
  • B19049 Median Household Income in the Past 12 Months (in 2023 inflation-adjusted dollars) By Age Of Householder

Margins of error for the above income data are:

Median Household Income Average Household Income Per Capita Income High Income Households Median Household Income by Age of Householder
under 25 25 to 44 45 to 64 65+
06416+/-$12,482+/-$15,196+/-$6,563+/-4.0%+/-$-1+/-$14,410+/-$17,082+/-$7,392
Cromwell town+/-$12,482+/-$15,196+/-$6,563+/-4.0%+/-$-1+/-$14,410+/-$17,082+/-$7,392
Lower Connecticut River Valley Planning Region+/-$2,587+/-$4,729+/-$1,907+/-1.1%+/-$16,453+/-$7,259+/-$5,149+/-$4,162