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Lake Chaffee, Connecticut Demographics & Population 2026

During the 2020–2024 ACS period, Lake Chaffee, Connecticut had a total population of 235, the 200th largest community in Connecticut, with a median household income of $104,375, which is 9% higher than the state average. The poverty rate is 0.0%.

Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes

Key Takeaways

Lake Chaffee Quick Facts

Population 235
Median Household Income $104,375
Median Home Value $260,700
Poverty Rate 0.0%
Unemployment Rate 0.0%
Median Age 50.5 years
Homeownership Rate 96.4%
Affordability Ratio 2.5x
Bachelor's Degree or Higher 25.1%
High School Graduation Rate 100.0%
Diversity Index 13/100
Population 235 200th of 214
Median Income $104,375 average
Poverty Rate 0.0%
Median Home Value $260,700 bottom 20%

How Lake Chaffee Changed

Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.

Metric2019–20232020–2024Change
Population299235-21.4%
Median household income$97,813$104,375+6.7%
Median home value$252,800$260,700+3.1%

How Lake Chaffee Compares

Economy & Housing

Household Income Distribution

Under $25K 0.0%
$25K-$50K 0.0%
$50K-$100K 32.4%
$100K+ 67.6%
Detailed income brackets
Under $10K
0.0%
$10K-$15K
0.0%
$15K-$20K
0.0%
$20K-$25K
0.0%
$25K-$30K
0.0%
$30K-$35K
0.0%
$35K-$40K
0.0%
$40K-$45K
0.0%
$45K-$50K
0.0%
$50K-$60K
13.5%
$60K-$75K
9.9%
$75K-$100K
9.0%
$100K-$125K
54.0%
$125K-$150K
0.0%
$150K-$200K
9.9%
$200K+
3.6%

Employment

0.0% Unemployment Rate State: 5.6%|National: 5.2%
60.5% Labor Force Participation

Housing Overview

Owner 96.4%
Renter 3.6%
Affordability Index Very Affordable
2.5x home value to income ratio

People & Demographics

Diversity Index

13out of 100
Very Low Diversity

A less diverse community where one racial or ethnic group represents a large majority.

State average: 57 | National average: 61

Education

Lake Chaffee Rankings in Connecticut

#200 Population of 214
#111 Median Income of 204
#179 Education of 214
#167 Home Value of 205

Cities Similar to Lake Chaffee

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Cornwall Bridge248N/A$371,10026.2%18.9%
Pleasant Valley219$76,991$367,70061.4%3.6%
Candlewood Knolls224$164,250$700,00090.9%0.0%
Brookfield Center248$172,500$478,90049.1%0.0%
Dodgingtown285$134,091$557,10066.7%0.0%

A note before these figures: with a population of 235, Lake Chaffee's ACS estimates come from a small number of survey responses and carry wide margins of error. Individual percentages below — particularly rates that round to 0% or 100% — are approximations, not precise measurements. See data.census.gov for the published margins of error.

Population Overview

Lake Chaffee is a small community located in Connecticut. The total population is 235. It ranks as the 200th most populous out of 214 Census-designated places in Connecticut.

Age Demographics

The median age in Lake Chaffee is 50.5 years. This is 23% higher than the state median of 41.1 years. Only 13.2% of residents are under 18, indicating fewer families with children. 10.6% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.

Economy, Income & Housing

The median household income in Lake Chaffee is $104,375. This is 9% higher than the state median of $95,781. It is also 29% higher than the national median of $80,734. The ACS records no residents below the poverty line in Lake Chaffee. In a community this small the estimate rests on very few survey responses, so it should be read as an absence of measurement rather than a measured absence of poverty. The survey records no unemployed residents in Lake Chaffee, which reflects the size of the sample rather than a labor market without joblessness. The median home value is $260,700. Housing costs are 29% lower than the state median of $366,900. With a home-value-to-income ratio of just 2.5x, Lake Chaffee is one of the most affordable housing markets in the area. 96.4% of occupied housing units are owner-occupied. This homeownership rate is 45% higher than the state average of 66.5%.

Race & Ethnicity

Lake Chaffee has a predominantly White (non-Hispanic) population, comprising 93.2% of all residents. The White (non-Hispanic) population is significantly higher than the state average (93.2% vs 61.9%).

Education

25.1% of residents aged 25 and older hold a bachelor's degree or higher. This is 41% lower than the state rate of 42.5%. Nationally, 35.7% of adults hold at least a bachelor's degree. No surveyed resident aged 25 or older reported leaving school before earning a high school diploma, though a rate of exactly 100% reflects the limits of a small sample. Notably, 16.8% of adults hold a graduate or professional degree, indicating a highly educated workforce.

Data Sources & Methodology

All demographic data for Lake Chaffee, Connecticut is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Connecticut state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 214 Census-designated places in Connecticut. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.

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Frequently Asked Questions

What is the population of Lake Chaffee, Connecticut?

Lake Chaffee, Connecticut has a population of 235 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Lake Chaffee, CT?

The median household income in Lake Chaffee is $104,375, which is 29% higher than the national median of $80,734.

What is the poverty rate in Lake Chaffee, CT?

The ACS sample for Lake Chaffee recorded no residents below the federal poverty line. Because the community is small, this indicates that the survey did not capture poverty here rather than that no poverty exists — the estimate carries a wide margin of error.

What is the racial makeup of Lake Chaffee, Connecticut?

Lake Chaffee's population is 93.2% White, 0.0% Black, 0.0% Hispanic/Latino, and 0.0% Asian.

What is the median home value in Lake Chaffee, CT?

The median home value in Lake Chaffee is $260,700. The home-value-to-income ratio is 2.5x.

How educated is Lake Chaffee, Connecticut?

25.1% of adults (25+) in Lake Chaffee hold a bachelor's degree or higher, and 16.8% hold a graduate or professional degree.