ZIP Code 06420 -- Salem, CT
New London | 2024 American Community Survey Data
Key Insights
- Households here earn 1.6x the national median income — placing this ZIP code in the top tier of American prosperity.
- 86.42% of housing units are owner-occupied — indicating a stable, established neighborhood with strong homeownership.
Quick Overview
About ZIP Code 06420
ZIP code 06420 in Salem, Connecticut is a unknown area with a population of 4,368. The median household income is $123,425, which is This is 65% above the national median of $75,000.. The median home value is $405,800, representing a price-to-income ratio of 3.3x . The cost of living is significantly above average with an index of 135.0 (the national average is 100). Residents have a median age of 41.60 years. Approximately 50.5% of adults hold a bachelor's degree or higher. This ZIP code is located in New London, CT.
Population & Age
Age Distribution
Race & Ethnicity
Racial Composition
Income & Economy
This is 65% above the national median of $75,000.
Income Distribution
Housing
Moderately affordable
Ownership vs Rental
Education
Employment & Commuting
How People Get to Work
Cost of Living Index
The cost of living in ZIP code 06420 is 35.0% above the national average of 100.
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Nearby ZIP Codes
Other ZIP Codes in New London
Frequently Asked Questions about ZIP Code 06420
ZIP code 06420 (Salem, CT) has a total population of 4,368 according to the 2024 American Community Survey. The median age is 41.60 years.
The median household income in ZIP code 06420 is $123,425 per year, based on 2024 Census Bureau data. This is 65% above the national median of $75,000.
ZIP code 06420 is primarily located in Salem, Connecticut (CT). It falls within New London County.
The median home value in ZIP code 06420 is $405,800, based on the 2024 American Community Survey 5-year estimates. The median monthly rent is $1,440.
The median age in ZIP code 06420 is 41.60 years, compared to the national median of 38.9 years. This makes the area older than the national average.
ZIP code 06420 has a cost of living index of 134.96 (national average = 100). This means the cost of living is significantly above average compared to the national average.
In ZIP code 06420, 50.47% of adults (25+) hold a bachelor's degree or higher, compared to the national average of 33.7%. 18.97% hold a graduate or professional degree.
The unemployment rate in ZIP code 06420 is 3.13%, which is below the national average of 3.6%. About 19.06% of workers work from home.
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Data sourced from the 2024 American Community Survey (U.S. Census Bureau). Learn more about our data sources.