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The median household income in Lebanon town was $104,297 in 2021, which marked an a decrease of 6,096(5.52%) from $110,393 in 2020. This income is 139.80% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Lebanon town sees its highest median household income among householders in the age group of 45 to 64 years old, at $192,537. Overall, the median household income for the town of Lebanon town stands at $104,297.
In Lebanon town, the median income for all workers aged 15 years and older, regardless of work hours, was $66,460 for males and $38,139 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $90,050 for males and $71,366 for females.
In Lebanon town, population is primarily represented by White households, reporting a median income of $114,018.
In 2021, the population of Lebanon town was 7,108, a 0.04% increase year-by-year from 2020. Previously, in 2020, Lebanon town's population was 7,105, a decline of 0.73% compared to a population of 7,157 in 2019.
The median age in Lebanon, Connecticut is 47.8, as per 2021 ACS 5-Year Estimates. Of the total population, 13.43% were under the age of 15, 19.22% aged 15 to 29, 47.30% aged 30 to 64, 18.67% aged 65 to 84, and 1.39% were 85 years of age and older.
The total population of Lebanon town is estimated to be 7,140 with 3,508 males (49.13%) and 3,632 females (50.87%). There are 124 more females than males in Lebanon town.
Racial distribution of Lebanon town population: 91.78% are White, 0.80% are Asian, 0.34% are some other race and 7.09% are multiracial.