06416 Map

06416 Income Statistics

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Comparison to Surrounding Areas

06416 Median Household Income

The median household income ($101,424) for 06416 is less than the median household income for 06073 ($185,387), 06480 ($116,098), and 06037 ($110,546). But it's more than 06067 ($96,773), 06457 ($75,137), 06023 ($91,667), and Lower Connecticut River Valley Planning Region ($99,742). And it's the same as Cromwell town ($101,424).

06416$101,424
Cromwell town$101,424
Lower Connecticut River Valley Planning Region$99,742

06416 Average Household Income

The average household income ($127,522) for 06416 is less than the average household income for 06073 ($216,648), 06480 ($129,381), 06037 ($139,070), and Lower Connecticut River Valley Planning Region ($129,717). But it's more than 06067 ($125,311), 06457 ($99,304), and 06023 ($107,773). And it's the same as Cromwell town ($127,522).

06416$127,522
Cromwell town$127,522
Lower Connecticut River Valley Planning Region$129,717

06416 Per-Capita Income

The per-capita income for 06416 is $54,234. The per capita income ($54,234) for 06416 is less than the per capita income for 06067 ($54,371), 06073 ($79,260), 06037 ($56,121), and Lower Connecticut River Valley Planning Region ($54,712). But it's more than 06480 ($49,835), 06457 ($44,100), and 06023 ($47,706). And it's the same as Cromwell town ($54,234).

06416$54,234
Cromwell town$54,234
Lower Connecticut River Valley Planning Region$54,712

06416 High Income Households

16.0% of households make over $200,000 a year. The percent high income households (16.0%) for 06416 is more than 06037 (18.9%), 06457 (10.3%), 06023 (13.9%), 06067 (17.2%), 06073 (43.6%), 06480 (17.0%), Lower Connecticut River Valley Planning Region (16.7%), and Cromwell town (16.0%).

0641616.0%
Cromwell town16.0%
Lower Connecticut River Valley Planning Region16.7%

06416 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
06416$37,795$108,250$137,806$57,036
Cromwell town$37,795$108,250$137,806$57,036
Lower Connecticut River Valley Planning Region$51,250$108,735$119,954$69,889

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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 2022 5-year estimates. These values are in 2022 inflation-adjusted dollars and were downloaded on 7 December 2023.

The following data tables were used:

  • B19001 Household Income in the Past 12 Months (in 2022 inflation-adjusted dollars)
  • B19013 Median Household Income in the Past 12 Months (in 2022 inflation-adjusted dollars)
  • B19301 Per Capita Income in the Past 12 Months (in 2022 inflation-adjusted dollars)
  • S1902 Mean Income in the Past 12 Months (in 2022 inflation-adjusted dollars)
  • B19049 Median Household Income in the Past 12 Months (in 2022 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+/-$10,161+/-$10,575+/-$4,522+/-3.5%+/-$16,275+/-$16,974+/-$15,699+/-$18,074
Cromwell town+/-$10,161+/-$10,575+/-$4,522+/-3.5%+/-$16,275+/-$16,974+/-$15,699+/-$18,074
Lower Connecticut River Valley Planning Region+/-$2,524+/-$3,859+/-$1,532+/-1.0%+/-$12,770+/-$7,611+/-$4,467+/-$3,576