Lakes East, CT
Population 1,295 · Connecticut
About Lakes East, CT
Lakes East is a small town located in Connecticut with a population of 1,295 residents according to the latest US Census Bureau American Community Survey data. The median household income is $211,728 per year, which is 182% above the national median of $75,149. The median age of 42.4 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Lakes East features a median home value of $563,900, which is 130% above the national median of $244,900. This places Lakes East in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 475 total housing units, 100% are owner-occupied (445 units) and 0% are renter-occupied (0 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lakes East 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 0.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Lakes East have an average one-way commute time of 29.8 minutes.
Education & Demographics
76.8% of Lakes East residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 6.7% Asian residents, with 10.3% of the population being foreign-born.
How Lakes East Ranks in Connecticut
Cost of Living in Lakes East, CT
Compared to national averages, Lakes East has a median household income of $211,728 (182% above the national median of $75,149). Home values average $563,900, which is 130% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Connecticut, Lakes East's income is 72% above the state average of $123,065, and home values are 9% above the state median of $516,920.
Why Live in Lakes East, CT?
Lakes East offers a strong local economy with a median household income of $211,728, 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 76.8% of residents hold a bachelor’s degree or higher, and a low poverty rate of 0.0%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $563,900. However, Lakes East’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lakes East has a population of 1,295 with a median age of 42.4 years. Compare Lakes East with other cities to see how it stacks up, or explore all cities in Connecticut.
Similar Cities Near Lakes East
Cities in Connecticut with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| South Woodstock | 1,294 | $88,182 | $248,500 | Compare |
| Canaan | 1,297 | $31,986 | $170,700 | Compare |
| Lakes West | 1,308 | $244,286 | $693,200 | Compare |
| Litchfield | 1,274 | $107,024 | $378,900 | Compare |
| Baltic | 1,266 | $89,907 | $202,000 | Compare |
| Darien Downtown | 1,329 | $166,111 | $908,200 | Compare |
| Canton Valley | 1,364 | $88,028 | $354,900 | Compare |
| Wauregan | 1,209 | $90,625 | $240,400 | 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 Lakes East With Other Cities
Frequently Asked Questions about Lakes East
What is the population of Lakes East, CT?
The population of Lakes East, CT is 1,295 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Connecticut.
What is the median household income in Lakes East?
The median household income in Lakes East, CT is $211,728 per year, which is 182% above the national median of $75,149.
What is the median home value in Lakes East?
The median home value in Lakes East, CT is $563,900, which is 130% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lakes East?
The median monthly rent in Lakes East, CT is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Lakes East?
The unemployment rate in Lakes East, 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 Lakes East, CT a good place to live?
Lakes East offers above-average incomes, a competitive housing market, and a strong job market. With a population of 1,295 and a median age of 42.4, the city appeals to a broad range of residents.
How educated is Lakes East, CT?
76.8% of residents in Lakes East aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Lakes East?
Key cost-of-living indicators for Lakes East, CT: median home value is $563,900 (130% above national), median rent is $0/month, and median household income is $211,728. The home-value-to-income ratio is 2.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Lakes East?
The poverty rate in Lakes East, CT is 0.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Lakes East, CT?
Lakes East's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 6.7% Asian, and 1.5% two or more races. 10.3% of residents are foreign-born.