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The median household income in Old Lyme town was $123,104 in 2021, which marked an an increase of 3,652(3.06%) from $119,452 in 2020. This income is 165.01% 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, Old Lyme town sees its highest median household income among householders in the age group of 45 to 64 years old, at $143,877. Overall, the median household income for the town of Old Lyme town stands at $123,104.
In Old Lyme town, the median income for all workers aged 15 years and older, regardless of work hours, was $79,833 for males and $36,898 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $106,045 for males and $87,636 for females.
In Old Lyme town, population is primarily represented by White households, reporting a median income of $123,342.
In 2021, the population of Old Lyme town was 7,577, a 0.05% increase year-by-year from 2020. Previously, in 2020, Old Lyme town's population was 7,573, an increase of 3.30% compared to a population of 7,331 in 2019.
The median age in Old Lyme, Connecticut is 49.8, as per 2021 ACS 5-Year Estimates. Of the total population, 15.38% were under the age of 15, 13.76% aged 15 to 29, 46.80% aged 30 to 64, 21.54% aged 65 to 84, and 2.53% were 85 years of age and older.
The total population of Old Lyme town is estimated to be 7,582 with 3,793 males (50.03%) and 3,789 females (49.97%). There are 4 less females than males in Old Lyme town.
Racial distribution of Old Lyme town population: 92.32% are White, 0.17% are American Indian and Alaska Native, 2.10% are Asian, 0.08% are Native Hawaiian and other Pacific Islander, 1.13% are some other race and 4.19% are multiracial.