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The median household income in Newtown town was $144,832 in 2021, which marked an an increase of 3,158(2.23%) from $141,674 in 2020. This income is 194.13% 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, Newtown town sees its highest median household income among householders in the age group of 45 to 64 years old, at $188,577. Overall, the median household income for the town of Newtown town stands at $144,832.
In Newtown town, the median income for all workers aged 15 years and older, regardless of work hours, was $70,615 for males and $45,212 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $117,718 for males and $82,690 for females.
In Newtown town, there are just three different racial groups among households. Among these, Asian households report a median household income of $239,502, followed by White households at $145,351, and Some Other Race households with a median household income of $108,674.
In 2021, the population of Newtown town was 27,522, a 1.44% increase year-by-year from 2020. Previously, in 2020, Newtown town's population was 27,132, a decline of 2.76% compared to a population of 27,901 in 2019.
The median age in Newtown Town, Connecticut is 45.4, as per 2021 ACS 5-Year Estimates. Of the total population, 16.31% were under the age of 15, 17.65% aged 15 to 29, 49.19% aged 30 to 64, 14.62% aged 65 to 84, and 2.23% were 85 years of age and older.
The total population of Newtown town is estimated to be 27,388 with 13,845 males (50.55%) and 13,543 females (49.45%). There are 302 less females than males in Newtown town.
Racial distribution of Newtown town population: 88.47% are White, 1.81% are Black or African American, 0.08% are American Indian and Alaska Native, 2.25% are Asian, 0.16% are Native Hawaiian and other Pacific Islander, 2.40% are some other race and 4.83% are multiracial.