The 06416 ZIP Code is primarily associated with Cromwell, CT in Middlesex County in the United States. The current population estimate is 13,910. The median household income is at $89,243, while an estimated 2% of the population in this ZIP is living below the poverty line. The median age in 06416 is estimated to at 43.7 years, and about 24.5% of residents are aged 62 years and older. An estimated 93.4% in this Connecticut region have a high school degree or higher, while the per capita income comes in at approximately $49,348.
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The median household income in ZIP Code 06416 is $89,243, while the region's mean household income is $113,749. Breaking income down further, per capita income in the region is $49,348. The per capita income in ZIP Code 06416 of $49,348 is approximately 10.9% more than the per capita income in Connecticut overall of $44,496. An estimated 1.7% of the population is living below the poverty line in this region. This rate is approximately 82.11% lower than the overall poverty rate in the U.S. of 9.5%. Regarding household income, approximately 21.0% of the population in 06416 earn $100,000 to $149,999 per year, while an estimated 17.4% earn $50,000 to $74,999 per year, and 2.0% of 06416 residents earn less than $10,000 per year.
| Household Income | Percent |
|---|---|
| Less than $10,000 per year | 2.0% |
| $10,000 to $14,999 per year | 3.2% |
| $15,000 to $24,999 per year | 6.6% |
| $25,000 to $34,999 per year | 3.4% |
| $35,000 to $49,999 per year | 10.0% |
| $50,000 to $74,999 per year | 17.4% |
| $75,000 to $99,999 per year | 12.5% |
| $100,000 to $149,999 per year | 21.0% |
| $150,000 to $199,999 per year | 12.6% |
| $200,000 or more per year | 11.3% |
In ZIP Code 06416, 93.4% of the population graduated high school, while 47.2% have a bachelor's degree or higher. In this region, 2.6% achieved an education level less than 9th grade, while 21.5% hold a graduate or professional degree. Approximately 20.4% in this Middlesex County region reached the highest level of high school graduate (including equivalency).
| Education Level | Percent |
|---|---|
| Less than 9th grade | 2.6% |
| 9th to 12th grade, no diploma | 4.0% |
| High school graduate (includes equivalency) | 20.4% |
| Some college, no degree | 16.1% |
| Associate's degree | 9.7% |
| Bachelor's degree | 25.7% |
| Graduate or professional degree | 21.5% |
Looking at race in the population that makes up ZIP Code 06416, 98.6% is one race, while 1.4% are two or more races. Approximately 8.9% of 06416 residents are hispanic or Latino (of any race). The most common race in 06416 (race alone or in combination with one or more other races), is White (87.9%), followed by Black or African American (8.2%) .
| Industry | Percent |
|---|---|
| White | 87.9% |
| Black or African American | 8.2% |
| American Indian and Alaska Native | 0.7% |
| Asian | 4.4% |
| Native Hawaiian and Other Pacific Islander | 0.0% |
| Some other race | 0.3% |
In ZIP Code 06416, 89.0% of the population lists "English only" as the language spoken in home, while 2.6% of lists Spanish. Additionally, Asian and Pacific Islander languages are spoken in 6.7% of homes, and other Indo-European languages are spoken in 1.1% of homes. Lastly, 0.6% of homes list "other languages" as spoken in the home. All percentages referenced are for the population 5 years and older in this Middlesex County region.
| Language Spoken | Percent |
|---|---|
| English only | 89.0% |
| Spanish | 2.6% |
| Other Indo-European languages | 6.7% |
| Asian and Pacific Islander languages | 1.1% |
| Other languages | 0.6% |
Regarding the age of homes in ZIP Code 06416, an estimated 23.3% of homes were built between 1970 and 1979. Additionally, 22.1% of homes in the region were built between 1980 and 1989, while an estimated 1.0% of homes were built in 2014 or later in this Middlesex County region.
| Year Home Built | Percent |
|---|---|
| Built in 2014 or later | 1.0% |
| Built between 2010 and 2013 | 1.8% |
| Built between 2000 and 2009 | 8.9% |
| Built between 1990 and 1999 | 4.7% |
| Built between 1980 and 1989 | 22.1% |
| Built between 1970 and 1979 | 23.3% |
| Built between 1960 and 1969 | 8.2% |
| Built between 1950 and 1959 | 10.8% |
| Built between 1940 and 1949 | 8.7% |
| Built in 1939 or earlier | 10.5% |
Residents of ZIP Code 06416 are older than average. The median age of 43.7 years in ZIP Code 06416 is approximately 14.7% higher than the overall median age in the U.S. of 38.1 years. About 80.0% of residents are aged 18 years and older, and 24.5% of residents are 62 years and over. Approximately 14.6% of the population in 06416 falls in the age group 45 to 54 years, while an estimated 13.9% are aged 35 to 44 years. On the low end of the scale, 4.2% of 06416 residents are aged 20 to 24 years.
| Age Range | Percent |
|---|---|
| Under 5 years | 4.4% |
| 5 to 9 years | 5.8% |
| 10 to 14 years | 6.6% |
| 15 to 19 years | 4.3% |
| 20 to 24 years | 4.2% |
| 25 to 34 years | 12.1% |
| 35 to 44 years | 13.9% |
| 45 to 54 years | 14.6% |
| 55 to 59 years | 6.8% |
| 60 to 64 years | 7.9% |
| 65 to 74 years | 9.7% |
| 75 to 84 years | 4.6% |
| 85 years and over | 5.0% |
Regarding solar power potential, ZIP Code 06416 has an average daily solar radiation level of 4.84 kWh/m2/day. This is approximately 17.48% greater than an area in the U.S. with historically low solar radiation levels (WA), and about 26.56% less than an area in the U.S. with historically high solar radiation levels (AZ).
| Region | Residential | Commercial | Industrial |
|---|---|---|---|
| ZIP Code 06416 | 12.67¢/kWh | 7.63¢/kWh | 5.2¢/kWh |
| Connecticut | 29.52¢/kWh | 20.85¢/kWh | 16.97¢/kWh |
| United States | 16.1¢/kWh | 12.81¢/kWh | 7.81¢/kWh |
| Month | ZIP Code 06416 | Low (WA) | High (AZ) |
|---|---|---|---|
| Jan | 3.95 | 1.9 | 5.84 |
| Feb | 4.54 | 3 | 6.31 |
| Mar | 5 | 3.65 | 7.02 |
| Apr | 5.53 | 5.13 | 7.3 |
| May | 5.41 | 5.17 | 7.13 |
| Jun | 5.38 | 5.72 | 6.95 |
| Jul | 5.74 | 6.22 | 6.51 |
| Aug | 5.5 | 6.08 | 6.65 |
| Sep | 5.57 | 5.15 | 7.02 |
| Oct | 4.43 | 3.32 | 6.92 |
| Nov | 3.79 | 2.33 | 5.99 |
| Dec | 3.19 | 1.78 | 5.46 |
In 06416, 70.3% of the population is in the labor force. Recent estimates place 3.5% as working from home, while the total labor force in the region has a mean travel to time to work of 25.5 minutes. Approximately 28.5% of the employed population 16 years and over in 06416 work in educational services, and health care and social assistance, while an estimated 14.0% work in finance and insurance, and real estate and rental and leasing. On the lower end of the scale, just 0.0% of 06416 workers 16 years and over work in agriculture, forestry, fishing and hunting, and mining.
| Industry | Percent |
|---|---|
| Agriculture, forestry, fishing and hunting, and mining | 0.0% |
| Construction | 6.1% |
| Manufacturing | 7.9% |
| Wholesale trade | 2.2% |
| Retail trade | 9.1% |
| Transportation and warehousing, and utilities | 3.8% |
| Information | 1.7% |
| Finance and insurance, and real estate and rental and leasing | 14.0% |
| Professional, scientific, management, and administrative | 11.0% |
| Educational services, and health care and social assistance | 28.5% |
| Arts, entertainment, and recreation, and accommodation and food services | 6.0% |
| Other services, except public administration | 3.2% |
| Public administration | 6.6% |
Regarding consumer complaints about financial products in ZIP Code 06416, mortgage have received the most complaints in 06416 in the past 12 months. received the second most complaints. The most frequent complaint overall in this Middlesex County region was closing on a mortgage.
| Complaint Product | Number of Complaints* |
|---|---|
| Mortgage | 1 |
| Complaint Issue | Number of Complaints* |
|---|---|
| Closing on a mortgage | 1 |