Candlewood Lake Club, CT Profile: Facts & Data

The Candlewood Lake Club CDP⁽¹⁾ had a population of 289 as of July 1, 2023.

The primary coordinate point for Candlewood Lake Club is located at latitude 41.4945 and longitude -73.4404 in Western Connecticut County.

The Candlewood Lake Club Census Designated Place is located within , a minor civil division (MCD) of Western Connecticut County.

A Census Designated Place (CDP) is a statistical counterpart to a self-governing (incorporated) place such as a city, town, or village. A CDP is not a legal entity and has no governmental functions.

Candlewood Lake Club, CT Data & Demographics (As of July 1, 2023)

POPULATION
Total Population	289 (100%)
Population in Households	289 (100.0%)
Population in Families	231 (79.9%)
Population in Group Quarters¹	0
Population Density	938
Diversity Index²	34


INCOME
Median Household Income	$123,769
Average Household Income	$170,493
% of Income for Mortgage⁴	19%
Per Capita Income	$73,153
Wealth Index⁵	217
Socioeconomic Status Index⁶	High (65.9)

HOUSING
Total HU (Housing Units)	151 (100%)
Owner Occupied HU	118 (78.1%)
Renter Occupied HU	6 ( 4.0%)
Vacant Housing Units	27 (17.9%)
Median Home Value	$393,333
Average Home Value	$498,729
Housing Affordability Index³	113

HOUSEHOLDS
Total Households	124
Average Household Size	2.33
Family Households	85
Average Family Size	3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Candlewood Lake Club, CT - Peer Comparisons by Rank and Percentile

The table below compares Candlewood Lake Club to the other 215 incorporated cities, towns and CDPs in Connecticut by rank and percentile using July 1, 2023 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2023	2023-2028
Population	-1.64%	-0.56%
Households	-0.49%	0.00%
Families		0.23%
Median Household Income		2.82%
Per Capita Income		2.64%
Owner Occupied HU		-1.94%

Variable Description	Rank	Percentile
Total Population	# 196	9th
Population Density	# 134	38th
Median Household Income	# 72	67th
Housing Affordability Index	# 170	79th
Per Capita Income	# 58	73rd
Diversity Index	# 141	35th

Candlewood Lake Club, CT Profile: Facts & Data

Candlewood Lake Club, Connecticut - Basic Facts

Candlewood Lake Club, CT Data & Demographics (As of July 1, 2023)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Candlewood Lake Club, CT - Peer Comparisons by Rank and Percentile

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