Living in Lake Chaffee, Connecticut
Cost of living, income, home prices, rent and demographics of Lake Chaffee · Census data 2020–2024
Lake Chaffee has 235 residents with a median age of 50.5. The median household income is $104,375 (9% higher than the Connecticut median), the median home value is $260,700.
Lake Chaffee is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Lake Chaffee at a glance
- Population
- 235
- Median age
- 50.5State: 41.1
- Median household income
- $104,375State: $95,781
- Median home value
- $260,700State: $366,900
- Homeowners
- 96.4%
- Bachelor's degree or higher
- 25.1%
- Average commute
- 35 min
Is Lake Chaffee a good place to live?
Pros: Median household income 9% higher than the Connecticut median; home values 29% lower than the state median.
Cons: An average commute of 35 minutes.
The weather is best in June to September.
Cost of living in Lake Chaffee
Housing is the biggest part of the cost of living. In Lake Chaffee the median home value is $260,700, 22% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $2,042 a month in housing costs.
Lake Chaffee median household income
The median household income in Lake Chaffee is $104,375 and the income per person is $48,863. 0% of residents live below the poverty line (Connecticut: 10%).
Housing in Lake Chaffee: homes for sale and rent
- Housing units
- 158
- Owner-occupied
- 96.4%
- Renter-occupied
- 3.6%
- Vacant
- 29.7%Includes seasonal homes
- Median year built
- 1962
- Average household size
- 2.12
Lake Chaffee demographics
- Population
- 235
- Median age
- 50.5
- Under 18
- 13.2%
- 65 and older
- 20.4%
- Households
- 111
- Foreign-born
- 0%
- Veterans
- 6.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Lake Chaffee ›
Education in Lake Chaffee
25.1% of adults 25 and older in Lake Chaffee have a bachelor's degree or higher (Connecticut: 42.5%), and 16.8% have a graduate or professional degree.
Jobs and commute in Lake Chaffee
- Unemployment rate
- 0%State: 5.6%
- Average commute
- 35 minState: 27 min
- Work from home
- 19.2%
- Drive alone
- 77.7%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 100%
Lake Chaffee vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lake Chaffee | 235 | $104,375 | $260,700 | — |
| Ashford | 4,226 | $121,926 | $334,800 | $1,246 |
| Willington | 5,575 | $91,114 | $305,800 | $1,357 |
| Union | 944 | $88,958 | $330,400 | — |
| Stafford Springs | 4,649 | $59,028 | $230,300 | $1,060 |
| Eastford | 1,679 | $97,422 | $355,500 | $1,097 |
| Witches Woods | 382 | $250,001 | $447,700 | — |
| Stafford | 11,511 | $93,235 | $263,800 | $1,086 |
| Lake Bungee | 543 | $88,369 | $289,200 | — |
More for people moving to Lake Chaffee
Lake Chaffee ZIP code ›Weather and climate ›Living in Lake Chaffee: FAQ
What is the median household income in Lake Chaffee, CT?
The median household income in Lake Chaffee is $104,375, 9% higher 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 Chaffee?
The median home value in Lake Chaffee is $260,700, compared with $366,900 in Connecticut.
Is Lake Chaffee, CT a good place to live?
Pluses: median household income 9% higher than the Connecticut median; home values 29% lower than the state median. Minuses: an average commute of 35 minutes.
What is the median age in Lake Chaffee?
The median age in Lake Chaffee is 50.5 years (Connecticut: 41.1).
How long is the commute in Lake Chaffee?
The average commute to work in Lake Chaffee is 35 minutes; 19.2% of workers work from home.
What is the unemployment rate in Lake Chaffee?
The unemployment rate in Lake Chaffee is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lake Chaffee?
25.1% of adults in Lake Chaffee 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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