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The median household income in Wolcott town was $111,899 in 2021, which marked an an increase of 3,102(2.85%) from $108,797 in 2020. This income is 149.99% 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, Wolcott town sees its highest median household income among householders in the age group of 45 to 64 years old, at $138,739. Overall, the median household income for the town of Wolcott town stands at $111,899.
In Wolcott town, the median income for all workers aged 15 years and older, regardless of work hours, was $58,214 for males and $48,043 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $86,162 for males and $69,567 for females.
In Wolcott town, there are just two different racial groups among households. Among these, Asian households report a median household income of $145,083, while White households have a median household income of $110,708.
In 2021, the population of Wolcott town was 16,160, a 0.12% increase year-by-year from 2020. Previously, in 2020, Wolcott town's population was 16,140, a decline of 2.61% compared to a population of 16,572 in 2019.
The median age in Wolcott, Connecticut is 45.5, as per 2021 ACS 5-Year Estimates. Of the total population, 16.90% were under the age of 15, 16.97% aged 15 to 29, 45.71% aged 30 to 64, 16.29% aged 65 to 84, and 4.13% were 85 years of age and older.
The total population of Wolcott town is estimated to be 16,232 with 8,101 males (49.91%) and 8,131 females (50.09%). There are 30 more females than males in Wolcott town.
Racial distribution of Wolcott town population: 91.53% are White, 2.17% are Black or African American, 0.01% are American Indian and Alaska Native, 1.85% are Asian, 0.12% are Native Hawaiian and other Pacific Islander, 2.26% are some other race and 2.06% are multiracial.