06776 ZIP Code Demographics & Rankings

ZIP Code Type: STANDARD
County: Litchfield County
Centroid: Latitude 41.582, Longitude -73.413
Time Zone: Eastern Time Zone (UTC -5 hours)
Observes DST: Yes

Businesses Addresses: 1,152
PO Box Addresses: 412
Residential Addresses: 10,766

Multi-Family Addresses: 706
Single Family Addresses: 10,060

The ZIP Code maps and database are updated 4 times per year.
Database updated: October 1, 2020, Maps updated: November 4, 2020.

New Milford, CT 06776 Data & Demographics (As of July 1, 2020)

POPULATION
Total Population	26,482 (100%)
Population in Households	26,219 (99.0%)
Population in Families	21,924 (82.8%)
Population in Group Quarters¹	263 ( 1.0%)
Population Density	475
Diversity Index²	37


INCOME
Median Household Income	$85,240
Average Household Income	$106,153
% of Income for Mortgage⁴	14%
Per Capita Income	$40,525
Wealth Index⁵	137

HOUSING
Total HU (Housing Units)	11,504 (100%)
Owner Occupied HU	8,026 (69.8%)
Renter Occupied HU	2,080 (18.1%)
Vacant Housing Units	1,398 (12.2%)
Median Home Value	$293,302
Average Home Value	$350,707
Housing Affordability Index³	144

HOUSEHOLDS
Total Households	10,106
Average Household Size	2.59
Family Households	7,048
Average Family Size	3

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.

New Milford, CT 06776 - Peer Comparisons by Rank and Percentile

The table below compares 06776 to the other 277 ZIP Codes in Connecticut by rank and percentile using July 1, 2020 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	2010-2020	2020-2025
Population	-0.19%	-0.43%
Households	-0.08%	-0.37%
Families	-0.19%	-0.44%
Median Household Income		1.33%
Per Capita Income		1.95%
Owner Occupied HU		-0.32%

Variable Description	Rank	Percentile
Total Population	# 44	84th
Population Density	# 152	45th
Median Household Income	# 148	47th
Housing Affordability Index	# 124	45th
Per Capita Income	# 177	36th
Diversity Index	# 108	61st

New Milford, CT 06776 ZIP Code Profile

ZIP Code 06776: Basic Data & USPS Preferred City Name

New Milford, CT 06776 Data & Demographics (As of July 1, 2020)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

New Milford, CT 06776 - Peer Comparisons by Rank and Percentile

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