Lake Chaffee, CT
Population 299 · Connecticut
About Lake Chaffee, CT
Lake Chaffee is a small community in Connecticut with a population of 299 residents. The median household income is $97,813 per year, which is above the national average. The median age in Lake Chaffee is 48.6 years.
Housing in Lake Chaffee has a median home value of $252,800 and median monthly rent of $0. Of the 228 total housing units, the majority are owner-occupied, with 112 owner-occupied and 28 renter-occupied units.
The unemployment rate in Lake Chaffee is 0.0% and the poverty rate is 0.0%. 45.7% of residents hold a bachelor's degree or higher. The average commute time is 37.1 minutes.
How Lake Chaffee Ranks in Connecticut
Cost of Living in Lake Chaffee, CT
Compared to national averages, Lake Chaffee has a median household income of $97,813 (30% above the national median of $75,149). Home values average $252,800, which is 3% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Connecticut, Lake Chaffee's income is 21% below the state average of $123,065, and home values are 51% below the state median of $516,920.
Why Live in Lake Chaffee, CT?
Lake Chaffee offers a strong local economy with a median household income of $97,813, 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 well-educated community where 45.7% of residents hold a bachelor’s degree or higher, and a low poverty rate of 0.0%, better than the national average.
Lake Chaffee has a population of 299 with a median age of 48.6 years. Compare Lake Chaffee with other cities to see how it stacks up, or explore all cities in Connecticut.
Similar Cities Near Lake Chaffee
Cities in Connecticut with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Knollcrest | 277 | $0 | $475,000 | Compare |
| Riverton | 342 | $118,708 | $343,000 | Compare |
| Pleasant Valley | 343 | $59,135 | $242,600 | Compare |
| Cornwall Bridge | 239 | $30,357 | $362,500 | Compare |
| Candlewood Lake Club | 235 | $250,001 | $1,663,000 | Compare |
| Quasset Lake | 233 | $96,641 | $369,600 | Compare |
| Dayville | 379 | $66,000 | $244,500 | Compare |
| Lakeside Woods | 379 | $201,875 | $398,200 | 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.
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Frequently Asked Questions about Lake Chaffee
What is the population of Lake Chaffee, CT?
The population of Lake Chaffee, CT is 299 according to the latest Census data.
What is the median household income in Lake Chaffee?
The median household income in Lake Chaffee, CT is $97,813 per year.
What is the median home value in Lake Chaffee?
The median home value in Lake Chaffee, CT is $252,800.
What is the average rent in Lake Chaffee?
The median monthly rent in Lake Chaffee, CT is $0.
What is the unemployment rate in Lake Chaffee?
The unemployment rate in Lake Chaffee, CT is 0.0%.