Stepney, CT
Population 3,489 · Connecticut
About Stepney, CT
Stepney is a small town located in Connecticut with a population of 3,489 residents according to the latest US Census Bureau American Community Survey data. The median household income is $142,250 per year, which is 89% above the national median of $75,149. The median age of 51 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 Stepney features a median home value of $437,500, which is 79% above the national median of $244,900. This places Stepney in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $2,065, 78% above the national average of $1,163/month. Of the 1,592 total housing units, 89% are owner-occupied (1,350 units) and 11% are renter-occupied (169 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Stepney shows an unemployment rate of 5.7%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 5.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Stepney have an average one-way commute time of 30 minutes.
Education & Demographics
54.1% of Stepney 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, 0.5% Black or African American, and 2.5% Asian residents, with 12.8% of the population being foreign-born.
Cost of Living in Stepney, CT
Compared to national averages, Stepney has a median household income of $142,250 (89% above the national median of $75,149). Home values average $437,500, which is 79% above the national median. Monthly rent at $2,065 is 78% above the US average of $1,163. Within Connecticut, Stepney's income is 16% above the state average of $123,065, and home values are 15% below the state median of $516,920.
Why Live in Stepney, CT?
Stepney offers a strong local economy with a median household income of $142,250, well above the national average, and a well-educated community where 54.1% of residents hold a bachelor’s degree or higher, and a low poverty rate of 5.3%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $437,500. However, Stepney’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Stepney has a population of 3,489 with a median age of 51 years. Compare Stepney with other cities to see how it stacks up, or explore all cities in Connecticut.
Similar Cities Near Stepney
Cities in Connecticut with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Waterford | 3,496 | $75,968 | $245,600 | Compare |
| Coleytown | 3,479 | $250,001 | $1,513,400 | Compare |
| Durham | 3,508 | $126,406 | $378,900 | Compare |
| Pemberwick | 3,455 | $134,375 | $892,600 | Compare |
| Tashua | 3,436 | $197,000 | $630,800 | Compare |
| Clinton | 3,547 | $83,333 | $344,200 | Compare |
| Broad Brook | 3,550 | $96,484 | $328,300 | Compare |
| Compo | 3,561 | $250,001 | $1,356,900 | 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 Stepney With Other Cities
Frequently Asked Questions about Stepney
What is the population of Stepney, CT?
The population of Stepney, CT is 3,489 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 Stepney?
The median household income in Stepney, CT is $142,250 per year, which is 89% above the national median of $75,149.
What is the median home value in Stepney?
The median home value in Stepney, CT is $437,500, which is 79% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Stepney?
The median monthly rent in Stepney, CT is $2,065, which is 78% above the national average of $1,163/month.
What is the unemployment rate in Stepney?
The unemployment rate in Stepney, CT is 5.7%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Stepney, CT a good place to live?
Stepney offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 3,489 and a median age of 51, the city appeals to established professionals and retirees.
How educated is Stepney, CT?
54.1% of residents in Stepney 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 Stepney?
Key cost-of-living indicators for Stepney, CT: median home value is $437,500 (79% above national), median rent is $2,065/month, and median household income is $142,250. The home-value-to-income ratio is 3.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Stepney?
The poverty rate in Stepney, CT is 5.3%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Stepney, CT?
Stepney's population is 0.0% White, 0.0% Hispanic or Latino, 0.5% Black or African American, 2.5% Asian, and 1.0% two or more races. 12.8% of residents are foreign-born.