Lake Chaffee, CT
Full City Profile · Connecticut · Capitol Planning Region County
Lake Chaffee, CT
At a Glance
How Lake Chaffee Compares to the U.S. Average
Each bar shows Lake Chaffee's value as a percentage of the national average (100% = U.S. avg)
Is Lake Chaffee a Good Place to Live?
Economy & Jobs
Lake Chaffee residents earn a median household income of $97,813 , which is 30% above the national average of $75,149. Per capita income is $43,218. The unemployment rate stands at 0.0% (100% below the U.S. rate of 3.6%). 0.0% of residents live below the poverty line. The area is home to 36,617 business establishments, including 2,315 restaurants.
Housing & Cost of Living
The median home value in Lake Chaffee is $252,800 , 10% below the national median of $281,900. Zillow estimates the typical home at $326,837. The cost of living index is 103.6 (100 = national average). The median home was built in 1957.
Education
45.7% of adults in Lake Chaffee hold a bachelor's degree or higher (36% above the national average). 100.0% have completed high school. Local schools score 6.1/10 in standardized testing.
Climate & Weather
Lake Chaffee has an average annual temperature of 47°F (8°C). Winters average 24°F in January while summers reach 70°F in July. Annual precipitation totals 50.2 inches.