Lake Bungee, CT
Population 566 · Connecticut
About Lake Bungee, CT
Lake Bungee is a small community located in Connecticut with a population of 566 residents according to the latest US Census Bureau American Community Survey data. The median household income is $83,936 per year, which is 12% above the national median of $75,149. The median age of 39.8 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Lake Bungee features a median home value of $248,800, which is 2% above the national median of $244,900. This positions Lake Bungee in a moderately priced market relative to the rest of the country. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 334 total housing units, 76% are owner-occupied (228 units) and 24% are renter-occupied (72 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lake Bungee shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 9.5%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Lake Bungee have an average one-way commute time of 42.2 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
21.4% of Lake Bungee residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
How Lake Bungee Ranks in Connecticut
Cost of Living in Lake Bungee, CT
Compared to national averages, Lake Bungee has a median household income of $83,936 (12% above the national median of $75,149). Home values average $248,800, which is 2% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Connecticut, Lake Bungee's income is 32% below the state average of $123,065, and home values are 52% below the state median of $516,920.
Why Live in Lake Bungee, CT?
Lake Bungee offers a strong local economy with a median household income of $83,936, well above the national average, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a low poverty rate of 9.5%, better than the national average.
Lake Bungee has a population of 566 with a median age of 39.8 years. Compare Lake Bungee with other cities to see how it stacks up, or explore all cities in Connecticut.
Similar Cities Near Lake Bungee
Cities in Connecticut with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Candlewood Isle | 569 | $250,001 | $981,000 | Compare |
| Candlewood Shores | 534 | $178,510 | $399,400 | Compare |
| Norfolk | 608 | $85,313 | $325,000 | Compare |
| Groton Long Point | 511 | $122,500 | $897,400 | Compare |
| Taylor Corners | 501 | $107,614 | $563,300 | Compare |
| Sharon | 495 | $158,146 | $276,300 | Compare |
| Lakeville | 641 | $95,156 | $822,200 | Compare |
| Gaylordsville | 659 | $115,398 | $467,500 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Connecticut
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Lake Bungee With Other Cities
Frequently Asked Questions about Lake Bungee
What is the population of Lake Bungee, CT?
The population of Lake Bungee, CT is 566 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Connecticut.
What is the median household income in Lake Bungee?
The median household income in Lake Bungee, CT is $83,936 per year, which is 12% above the national median of $75,149.
What is the median home value in Lake Bungee?
The median home value in Lake Bungee, CT is $248,800, which is 2% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lake Bungee?
The median monthly rent in Lake Bungee, CT is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Lake Bungee?
The unemployment rate in Lake Bungee, CT is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Lake Bungee, CT a good place to live?
Lake Bungee offers above-average incomes, a competitive housing market, and a strong job market. With a population of 566 and a median age of 39.8, the city appeals to a broad range of residents.
How educated is Lake Bungee, CT?
21.4% of residents in Lake Bungee aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Lake Bungee?
Key cost-of-living indicators for Lake Bungee, CT: median home value is $248,800 (2% above national), median rent is $0/month, and median household income is $83,936. The home-value-to-income ratio is 3.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Lake Bungee?
The poverty rate in Lake Bungee, CT is 9.5%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Lake Bungee, CT?
Lake Bungee's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.