Lakes West, CT
Population 1,308 · Connecticut
About Lakes West, CT
Lakes West is a small town located in Connecticut with a population of 1,308 residents according to the latest US Census Bureau American Community Survey data. The median household income is $244,286 per year, which is 225% 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 West features a median home value of $693,200, which is 183% above the national median of $244,900. This places Lakes West 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 416 total housing units, 100% are owner-occupied (416 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 West shows an unemployment rate of 5.6%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 1.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Lakes West have an average one-way commute time of 39.5 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
80.2% of Lakes West 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 2.4% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.6% Asian residents, with 12.7% of the population being foreign-born.
How Lakes West Ranks in Connecticut
Cost of Living in Lakes West, CT
Compared to national averages, Lakes West has a median household income of $244,286 (225% above the national median of $75,149). Home values average $693,200, which is 183% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Connecticut, Lakes West's income is 99% above the state average of $123,065, and home values are 34% above the state median of $516,920.
Why Live in Lakes West, CT?
Lakes West offers a strong local economy with a median household income of $244,286, well above the national average, and rent that’s lower than the national average at $0/month, and a well-educated community where 80.2% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 1.8%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $693,200. However, Lakes West’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lakes West has a population of 1,308 with a median age of 42.4 years. Compare Lakes West with other cities to see how it stacks up, or explore all cities in Connecticut.
Similar Cities Near Lakes West
Cities in Connecticut with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Canaan | 1,297 | $31,986 | $170,700 | Compare |
| Lakes East | 1,295 | $211,728 | $563,900 | Compare |
| South Woodstock | 1,294 | $88,182 | $248,500 | Compare |
| Darien Downtown | 1,329 | $166,111 | $908,200 | Compare |
| Litchfield | 1,274 | $107,024 | $378,900 | Compare |
| Baltic | 1,266 | $89,907 | $202,000 | Compare |
| Canton Valley | 1,364 | $88,028 | $354,900 | Compare |
| South Windham | 1,391 | $72,917 | $217,700 | 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 West With Other Cities
Frequently Asked Questions about Lakes West
What is the population of Lakes West, CT?
The population of Lakes West, CT is 1,308 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 West?
The median household income in Lakes West, CT is $244,286 per year, which is 225% above the national median of $75,149.
What is the median home value in Lakes West?
The median home value in Lakes West, CT is $693,200, which is 183% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lakes West?
The median monthly rent in Lakes West, CT is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Lakes West?
The unemployment rate in Lakes West, CT is 5.6%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Lakes West, CT a good place to live?
Lakes West offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 1,308 and a median age of 42.4, the city appeals to a broad range of residents.
How educated is Lakes West, CT?
80.2% of residents in Lakes West 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 West?
Key cost-of-living indicators for Lakes West, CT: median home value is $693,200 (183% above national), median rent is $0/month, and median household income is $244,286. The home-value-to-income ratio is 2.8x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Lakes West?
The poverty rate in Lakes West, CT is 1.8%, 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 West, CT?
Lakes West's population is 2.4% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.6% Asian, and 0.0% two or more races. 12.7% of residents are foreign-born.