Living in Lake Bungee, Connecticut
Cost of living, income, home prices, rent and demographics of Lake Bungee · Census data 2020–2024
Lake Bungee has 543 residents with a median age of 61.1. The median household income is $88,369 (8% lower than the Connecticut median), the median home value is $289,200.
Lake Bungee is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Lake Bungee at a glance
- Population
- 543
- Median age
- 61.1State: 41.1
- Median household income
- $88,369State: $95,781
- Median home value
- $289,200State: $366,900
- Homeowners
- 75.6%
- Bachelor's degree or higher
- 17.7%
- Average commute
- 34 min
Is Lake Bungee a good place to live?
Pros: Home values 21% lower than the state median; a poverty rate of 8.8%.
Cons: Median household income 8% lower than the Connecticut median; an average commute of 34 minutes.
The weather is best in June to September.
Cost of living in Lake Bungee
Housing is the biggest part of the cost of living. In Lake Bungee the median home value is $289,200, 13% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $1,894 a month in housing costs.
Lake Bungee median household income
The median household income in Lake Bungee is $88,369 and the income per person is $49,854. 8.8% of residents live below the poverty line (Connecticut: 10%).
Housing in Lake Bungee: homes for sale and rent
- Housing units
- 325
- Owner-occupied
- 75.6%
- Renter-occupied
- 24.4%
- Vacant
- 10.5%Includes seasonal homes
- Median year built
- 1988
- Average household size
- 1.87
Lake Bungee demographics
- Population
- 543
- Median age
- 61.1
- Under 18
- 10.7%
- 65 and older
- 24.7%
- Households
- 291
- Foreign-born
- 0%
- Veterans
- 4.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Lake Bungee ›
Education in Lake Bungee
17.7% of adults 25 and older in Lake Bungee have a bachelor's degree or higher (Connecticut: 42.5%), and 6% have a graduate or professional degree.
Jobs and commute in Lake Bungee
- Unemployment rate
- 0%State: 5.6%
- Average commute
- 34 minState: 27 min
- Work from home
- 0%
- Drive alone
- 72.2%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 100%
Lake Bungee vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lake Bungee | 543 | $88,369 | $289,200 | — |
| Witches Woods | 382 | $250,001 | $447,700 | — |
| Woodstock | 8,319 | $112,011 | $417,200 | $1,202 |
| Eastford | 1,679 | $97,422 | $355,500 | $1,097 |
| South Woodstock | 1,340 | $97,801 | $247,600 | $1,203 |
| Union | 944 | $88,958 | $330,400 | — |
| Ashford | 4,226 | $121,926 | $334,800 | $1,246 |
| Lake Chaffee | 235 | $104,375 | $260,700 | — |
| Southbridge Town | 17,928 | $66,287 | $294,800 | $1,256 |
More for people moving to Lake Bungee
Lake Bungee ZIP code ›Weather and climate ›Living in Lake Bungee: FAQ
What is the median household income in Lake Bungee, CT?
The median household income in Lake Bungee is $88,369, 8% lower than the Connecticut median of $95,781 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Lake Bungee?
The median home value in Lake Bungee is $289,200, compared with $366,900 in Connecticut.
Is Lake Bungee, CT a good place to live?
Pluses: home values 21% lower than the state median; a poverty rate of 8.8%. Minuses: median household income 8% lower than the Connecticut median; an average commute of 34 minutes.
What is the median age in Lake Bungee?
The median age in Lake Bungee is 61.1 years (Connecticut: 41.1).
How long is the commute in Lake Bungee?
The average commute to work in Lake Bungee is 34 minutes; 0% of workers work from home.
What is the unemployment rate in Lake Bungee?
The unemployment rate in Lake Bungee is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lake Bungee?
17.7% of adults in Lake Bungee have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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