06840 Zip Code Population and Demographics

In this article, we'll explore the population statistics for the zip code 06840, including popular demographics data like median age, number of households, household income, gender, employment and unemployment rates, occupations, religion, and more.

06840 is a zip code in Fairfield County, Connecticut, which covers New Canaan, with a total population of 20,672 people.

We are using the latest American Community Survey (ACS) 5-Year survey data from the US Census Bureau, which is accurate up to 2021.

Table of Contents

Population

There is a lot of data that lets us see how many people live in the 06840 zip code. The most basic data is the total population, which is the total number of people living in 06840.

The estimated population of people living in 06840 is 20,672, with a median age of 42.4.

We can look back at data from previous years to see how the population in the 06840 area has changed over the last 5 years.

Year Population Change 5-Year Change
2021
20,672
+2.09%
+1.55%
2020
20,249
 -0.13% -
2019
20,276
+0.01%
-
2018
20,273
 -0.41% -
2017
20,357
 - -

Population of 06840 by Race and Ethnicity

How much has the race and ethnicity of the population in the 06840 zip code changed? The US Census Bureau gives us a few defined types that the population is broken down into.

Let's look at the total numbers and also the change over the last 5 years.

Race 2021 2017 Change
White
85.3%
88.4%
 -3.51%
Black/African American
0.7%
2.1%
 -66.67%
Native
0%
0%
 0.00%
Hispanic
5.1%
5.3%
 -3.77%
Asian
6.5%
2.6%
 +150.00%
Hawaiian/Pacific Islander
0%
0%
 0.00%
Two Or More Races
2.3%
1.5%
 +53.33%
Other
0%
0.2%
 -100.00%

This data can be very important for anybody studying the 06840 zip for a number of reasons, including social and economic research, planning and development, and marketing to a multi-cultural population.

Note that the Native group includes both Native American and Alaskan Native people.

Population of 06840 by Age and Gender

We can also monitor the change of the age and gender in the 06840 zip code to track track trends in the population over time.

We can see how the population in 06840 has changed over the last 5 years by median age as a total, and also by male and female.

Year Total Male Female
2021 42.4 -2.08% 41.8 -2.34% 43.4 -0.91%
2020 43.3 -1.37% 42.8 0% 43.8 -2.67%
2019 43.9 +0.46% 42.8 +0.71% 45 0%
2018 43.7 +1.16% 42.5 -0.7% 45 +3.21%
2017 43.2 - 42.8 - 43.6 -

The median age of the 06840 zip gives you an idea of the age distribution, with half of the population being older than the median age and half being younger.

This can then be used to infer and compare against birth rates, parent ages, and more metrics to understand the population. For example, an increasing median age indicates an aging population in the 06840 area, which can be a sign of a declining population in terms of birth rates and workforce participation.

Age 2021 2017
(Years) Male Female Male Female
0 to 9 1,532 -6.67% 1,340 0.05% 1,428 1,305
10 to 19 1,939 -9.34% 1,823 +20.31% 1,754 2,186
20 to 29 450 +13.08% 488 +83.97% 509 941
30 to 39 750 +8.75% 1,003 -13.72% 811 864
40 to 49 1,445 -7.47% 1,588 +0.23% 1,335 1,591
50 to 59 1,686 -10.53% 2,007 -3.91% 1,511 1,922
60 to 69 905 +28.04% 909 +25.4% 1,169 1,152
70+ 1,196 -32.61% 1,296 +5.59% 847 1,347

Median Household Income

The latest median household income for the 06840 zip code is $215,297.00.

In simple terms, the median income is the middle income of a group of people. Half of the people in the group make more than the median income, and half make less.

The median income is a good indicator of the overall income of a group of people, and can be used to compare against other metrics such as the average income, per capita income, and more.

Median Income by Age

We can also look at the median income by age to see how the median income varies by age, and how it compares to the overall median income for 06840.

  • Under 25
    $0.00
  • 25 to 44
    $250,001.00
  • 45 to 64
    $221,583.00
  • 65 and over
    $136,204.00

Average Household Income

Whenever we ask what is the average household income in the 06840 zip code, we are actually talking about the mean household income.

This is calculated by adding up all the incomes of all the households in 06840, and then dividing that number by the total number of households.

This is a good way to get a general idea of the average income of a group of people, but it can be skewed by a very high or very low incomes.

The average household income of 06840 is currently $354,226.00.

In terms of accurately summarizing income at a geographic level, the median income is a better metric than the average income because it isn't affected by a small number of very high or very low incomes.

If you had an area where the average income was greater than the median, it can mean that there is significant income inequality, with income being concentrated in a small number of wealthy households.

52.96% of households in 06840 are classed as high income households (making $200,000+ per year).

Household Income Tiers

The US Census Bureau divides households into income tiers based on the median income for the area. This is a good way to compare the income of 06840 against other zip codes.

  • Less than $24,999
    4.15%
  • $25,000 to $49,999
    5.90%
  • $50,000 to $74,999
    9.46%
  • $75,000 to $99,999
    4.19%
  • $100,000 to $149,999
    12.74%
  • $150,000 to $199,999
    10.60%
  • $200,000 or more
    52.96%

Per Capita Income

The per capita income in 06840 is $120,375.00.

Per capita income is the average income of a person in a given area. It is calculated by dividing the total income of 06840 by the total population of 06840.

This is different from the average or mean income because it includes and accounts for all people living in the 06840 area, including people like children, the elderly, unemployed people, retired people, and more.

Education Levels

We can also look at the education levels in 06840 to see how many people have a high school degree, a bachelor's degree, or a graduate degree.

Educational attainment is a good indicator of the overall education level of a population, and can be used to compare against other metrics such as the average income, per capita income, and more to see how education levels affect income, unemployment rates, and more.

  • Master's degree or higher
    35.61%
  • Bachelor's degree
    54.57%
  • Some college or associate's degree
    2.50%
  • High school diploma or equivalent
    6.68%
  • Less than high school diploma
    0.65%

Employment

Employment rates are all based around the total population in 06840 that are over the age of 16.

Currently, the total population of the 06840 zip over the age of 16 is 15,420.

Of those people, a total of 59.20% are working or actively looking for work. This is called the labor force participation rate.

The participation rate is a useful market measure because it shows the relative amount of labor resources available to the economy.

The employment to total population rate in 06840 is 56.40%.

Employment by Age

We can look at the employment rates by age to see how it compares to the overall employment rate. Here's how that breaks down for the 06840 zip code.

Age Population Participation Unemployment Rate
16 to 19 years 1,421 18.00% 5.50%
20 to 24 years 1,031 56.60% 2.20%
25 to 29 years 419 91.60% 27.10%
30 to 34 years 566 76.10% 1.60%
35 to 44 years 2,358 83.00% 2.20%
45 to 54 years 3,299 73.80% 1.80%
55 to 59 years 1,811 74.20% 10.40%
60 to 64 years 1,459 67.00% 3.70%
65 to 74 years 1,677 40.30% 5.90%
75 years and over 1,379 6.50% 0.00%

Employment by Race

Another very interesting employment statistic we can look at is the employment and unemployment rates by race in 06840. The table below shows the rates for each of the ethnicity groups types defined by the US Census Bureau (which we mentioned earlier in this article).

Age Population Participation Unemployment Rate
White 13,999 57.40% 4.50%
Black or African American 85 92.90% 0.00%
American Indian and Alaska Native 0 0.00% 0.00%
Asian 879 78.50% 8.00%
Native Hawaiian and Other Pacific Islander 0 0.00% 0.00%
Other 5 80.00% 0.00%
Two or more races 452 70.40% 8.20%
Hispanic or Latino 662 81.10% 7.40%
Not Hispanic or Latino 13,587 56.70% 4.10%

Occupations

In this section we can look at the most common occupations for people living in the 06840 area as well as the gender breakdown and earnings of them.

The total population of civilian employees that are 16 years old or older in 06840 is 8,693, with median earnings of $110,972.00.

Women in 06840 are earning approximately 38.60% of the men's earnings.

Population Earnings
Total 8,693 $110,972.00
Male 4,806 $181,111.00
Female 3,887 $69,907.00

Occupations by Category

In the table below, we can break down the population and earnings for 06840 even further by occupation. The list of occupation categories below will show you how many people are employed in each category and the median earnings of each profession.

Occupation Employed Earnings
Management 2,166 $214,250.00
Business and Financial 1,476 $201,146.00
Computer and Mathematical 483 $154,496.00
Architecture and Engineering 25 $81,250.00
Life, Physical, and Social Science 170 $250,001.00
Community and Social Service 91 $40,647.00
Legal 320 $191,979.00
Educational and Library 629 $37,708.00
Arts, Design, Entertainment, Sports, and Media 313 $25,197.00
Healthcare Practitioners 305 $118,542.00
Healthcare Support 73 $43,016.00
Firefighters and Protective Service 11 $0.00
Law Enforcement 9 $0.00
Food Preparation and Serving 163 $6,332.00
Building and Grounds Cleaning 133 $93,438.00
Personal Care and Service 219 $15,572.00
Sales 1,195 $100,625.00
Office and Administrative Support 585 $55,150.00
Farming, Fishing, and Forestry 0 $0.00
Construction and Extraction 47 $34,345.00
Installation, Maintenance, and Repair 32 $41,250.00
Production 63 $9,805.00
Transportation and Material Moving 18 $0.00

Occupations by Gender

Now we can also look at the occupations by category for 06840 when it is broken down by male and female.

This lets us see how many male and females work in each occupation, the median earnings, and the male to female ratio of earnings for 06840.

That last metric is important because it can be used to look at the gender pay gap between men and women.

Occupation Male Female
Population Earnings Population Earnings
Management 1,481 $250,001.00 685 $109,950.00
Business and Financial 816 $211,183.00 660 $110,000.00
Computer and Mathematical 302 $154,739.00 181 $135,875.00
Architecture and Engineering 14 $0.00 11 $0.00
Life, Physical, and Social Science 10 $0.00 160 $250,001.00
Community and Social Service 29 $0.00 62 $4,922.00
Legal 261 $191,510.00 59 $241,406.00
Educational and Library 121 $33,203.00 508 $38,393.00
Arts, Design, Entertainment, Sports, and Media 111 $111,146.00 202 $12,087.00
Healthcare Practitioners 48 $250,001.00 257 $88,839.00
Healthcare Support 68 $43,152.00 5 $0.00
Firefighters and Protective Service 11 $0.00 0 $0.00
Law Enforcement 8 $0.00 1 $0.00
Food Preparation and Serving 119 $6,332.00 44 $6,250.00
Building and Grounds Cleaning 115 $93,768.00 18 $0.00
Personal Care and Service 38 $106,538.00 181 $15,233.00
Sales 837 $142,243.00 358 $57,250.00
Office and Administrative Support 160 $185,637.00 425 $42,169.00
Farming, Fishing, and Forestry 0 $0.00 0 $0.00
Construction and Extraction 39 $34,821.00 8 $0.00
Installation, Maintenance, and Repair 32 $41,250.00 0 $0.00
Production 46 $0.00 17 $0.00
Transportation and Material Moving 1 $0.00 17 $0.00

Households and Family Size

A household is defined by the US Census Bureau as a group of people who occupy a housing unit. A housing unit is a house, apartment, mobile home, group of rooms, or single room occupied as separate living quarters.

There are currently 6,937 households in 06840, with an average household size of 2.97 people.

A family is defined as a group of two or more people related by birth, marriage, or adoption who live together in the same household.

There are 5,403 families living in the 06840 zip code with an average family size of 3.47 people.

Households by Marital Status

The four categories of household by marital status are:

  • Married-couple family
  • Male householder with no spouse present
  • Female household with no spouse present
  • Nonfamily household

The table below shows the total number of households and families, with the average sizes of each, that live in 06840:

Married Male Female Nonfamily
Total Households 4,701 255 447 1,534
Average Household Size 3.59 3.13 2.79 1.08
Total Families 4,701 255 447 0
Average Household Size 3.57 3 2.68 0

Poverty

Of the 5,403 families living in 06840, 2.10% are considered to be below the poverty threshold.

The table below shows the latest poverty thresholds in 06840:

Household Size Poverty Threshold
1 Person $14,580.00
2 People $19,720.00
3 People $24,860.00
4 People $30,000.00
5 People $35,140.00
6 People $40,280.00
7 People $45,420.00
8 People $50,560.00

Housing

There are 7,454 housing units in 06840.

The table below shows the split between occupied and vacant units:

Total Percentage
Occupied 6,937 93.06%
Vacant 517 6.94%

16.25% of the total 7,454 housing units in 06840 are rental units. This is approximately 1,211 properties.

For owner-occupied housing units, a total of 5,639 are occupied by the owner - or 75.65% of the total.

Rental Rates

The median rent for a property in 06840 is $2,477.00.

In the chart below, we can look at the number of rental properties in 06840 that fall into a particular rent range. These can then be used to compare with other areas, or to see how they have changed over time.

  • No rent paid
    87
  • Less than $500
    48
  • $500 to $999
    49
  • $1,000 to $1,499
    81
  • $1,500 to $1,999
    112
  • $2,000 to $2,499
    331
  • $2,500 to $2,999
    198
  • $3,000 or more
    392

Property Value

The median value of a property in 06840 is $1,269,400.00.

Just like with rental rates, we can look at the number of properties in 06840 that fall into a particular value range.

  • Less than $50,000
    44
  • $50,000 to $99,999
    0
  • $100,000 to $149,999
    19
  • $150,000 to $199,999
    33
  • $200,000 to $299,999
    102
  • $300,000 to $499,999
    271
  • $500,000 to $999,999
    1,466
  • $1,000,000 or more
    3,704

Property Age

We can also look at the age of properties in 06840. The chart below shows the number of properties in 06840 that fall into a particular age range.

  • 1939 or earlier
    1,366
  • 1940 to 1949
    430
  • 1950 to 1959
    1,107
  • 1960 to 1969
    1,398
  • 1970 to 1979
    704
  • 1980 to 1989
    562
  • 1990 to 1999
    548
  • 2000 to 2009
    932
  • 2010 to 2013
    407
  • 2014 or later
    0

Vehicles per Household

The number of vehicles available per household can be a good indicator of the level of affluence in an area. The chart below shows the number of households in 06840 that have a particular number of vehicles available.

  • No vehicles available
    141
  • 1 vehicle available
    1,564
  • 2 vehicles available
    3,270
  • 3 or more vehicles available
    1,962

Commuting to Work

In this section, we can also look at how people in 06840 get to work. The chart below shows the number of people in 06840 that commute to work in a particular way.

37.8 minutes is the average travel time to work for people in 06840.

These commute times can be compared to other date like income and educational levels to see how they relate to each other and if there are any trends in the data that might suggest a correlation.

  • Less than 5 minutes
    210
  • 5 to 9 minutes
    618
  • 10 to 14 minutes
    704
  • 15 to 19 minutes
    940
  • 20 to 24 minutes
    984
  • 25 to 29 minutes
    409
  • 30 to 34 minutes
    603
  • 35 to 39 minutes
    162
  • 40 to 44 minutes
    132
  • 45 to 59 minutes
    268
  • 60 to 89 minutes
    718
  • 90 or more minutes
    989

Summary

We've covered a LOT of demographic and population data for 06840 in this article! Hopefully you have found it very useful in your research of the area.

If you use any of the data found on this page, please consider linking back to USPopulation.org as the source and if you have any feedback or data requests, click here to contact us.

States in 06840

If you want to see how the population and demographics of 06840 compare to other zip codes in Connecticut, check out the list of all Connecticut zip codes below: