ZIP Code 06704: Population, Income, Housing

State: CT
Total population: 31,713 Household income: $48,718 Rent: $1,258

Overview

Total population
31,713
Rent
$1,258
Year built
1955
Household income
$48,718
Per capita income
$26,122
Poverty rate
31.8%
Unemployment rate
N/A
Household size
2.7 persons
Rent over 30% of income
54.6%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available. New 5-year estimates are published annually, about 6–12 months after the end of each reference year.

Demographics

State
Connecticut
County
New Haven County
City
Waterbury
Total population
31,713
Adults over 25
20,498
Total households
11,768
Household size
2.7 persons

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available. New 5-year estimates are published annually, about 6–12 months after the end of each reference year.

Income & Poverty

Household income
$48,718
Per capita income
$26,122
Poverty rate
31.8%
Unemployment rate
N/A
Rent over 30% of income
54.6%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available. New 5-year estimates are published annually, about 6–12 months after the end of each reference year.

Housing

Rent
$1,258
Year built
1955
Households that rent
54.7%
Households that own
45.3%
Rooms per home (all homes)
5.0

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available. New 5-year estimates are published annually, about 6–12 months after the end of each reference year.

Race

White
28.1%
Black
31%
Asian
1.8%
Two or more races
21.3%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available. New 5-year estimates are published annually, about 6–12 months after the end of each reference year.

Ethnicity

Hispanic or Latino
47%
Not Hispanic or Latino
53%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available. New 5-year estimates are published annually, about 6–12 months after the end of each reference year.

Commute

Commute rate
11,644 (91.5%)
Commute time to work
30 mins
Work from home
1,079 (8.5%)

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available. New 5-year estimates are published annually, about 6–12 months after the end of each reference year.

Education

Less than high school
38.4%
High school graduate or GED
35.1%
Some college or associate degree
12.3%
Bachelor’s degree or higher
14.2%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available. New 5-year estimates are published annually, about 6–12 months after the end of each reference year.

 

Comparison of ZIP Code 06704 with: Waterbury, CT Waterbury metro area, CT Connecticut United States

ZIP 06704

Total population31,713
Rent$1,258
Year built1955
Household income$48,718
Per capita income$26,122
Poverty rate31.8%
Unemployment rateN/A

Waterbury, CT

Total population114,869
Rent$1,225
Year built1959
Household income$51,886
Per capita income$29,542
Poverty rate24.7%
Unemployment rate4.2%

Waterbury Metro Area, CT

Total population454,969
Rent$1,330
Year built1969
Household income$86,191
Per capita income$46,363
Poverty rate11.2%
Unemployment rate3.6%

Connecticut State

Total population3,624,508
Rent$1,488
Year built1967
Household income$95,781
Per capita income$55,915
Poverty rate10%
Unemployment rate3.2%

United States

Total population334,922,499
Rent$1,413
Year built1980
Household income$80,734
Per capita income$44,673
Poverty rate12.5%
Unemployment rate4%
Metric ZIP06704 CityWaterbury, CTMetro AreaWaterbury metro area, CTStateConnecticutCountryUnited States
Total population31,713114,869454,9693,624,508334,922,499
Rent$1,258$1,225$1,330$1,488$1,413
Year built19551959196919671980
Household income$48,718$51,886$86,191$95,781$80,734
Per capita income$26,122$29,542$46,363$55,915$44,673
Poverty rate31.8%24.7%11.2%10%12.5%
Unemployment rateN/A4.2%3.6%3.2%4%

View the full multi-level comparison →

 

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Summary for 06704

Rent & Income

In 06704, the typical monthly rent is $1,258 and the typical household income is $48,718. Rent here is similar to Waterbury and lower than Connecticut, and household income is lower than both Waterbury and Connecticut. The estimated poverty rate is 31.8%, which is higher than in both Waterbury and Connecticut.

Housing & Affordability

Renters make up about 54.7% of households, indicating a relatively balanced mix of renters and owners. About 54.6% of renters spend more than 30% of their income on housing, indicating high cost burden.

Education & Employment

Only about 14.2% of adults have a bachelor’s degree or higher, indicating lower levels of formal education.

 

ZIP 06704 — Rent vs Household Income

 

 

ZIP 06704 — Poverty

 

 

How ZIP 06704 compares in Connecticut (29 ZIP Codes)

Metric This ZIP Rank Starts from State range
Rent $1,258 4 / 29 from lower rent $1,169 – $2,266
Household income $48,718 27 / 29 from higher income $46,304 – $193,300
Poverty rate 31.8% 29 / 29 from lower poverty 4% – 31.8%

Rankings are calculated among ZIP Codes in Connecticut with total population > 30,000 (year 2024).

 

Detailed Ranking Explanation for ZIP Code 06704

Rent

For rent, this ZIP is positioned 4th out of 29 ZIP Codes in Connecticut. In Connecticut as a whole, the range goes from $1,169 in ZIP 06790 up to $2,266 in ZIP 06611.

Household income

For household income, ZIP Code 06704 ranks 27th out of 29 ZIP Codes. Statewide, values range from $46,304 in ZIP 06106 up to $193,300 in ZIP 06824.

Poverty rate

For poverty levels, this ZIP is positioned 29th out of 29 ZIP Codes. Across Connecticut, figures vary from 4% in ZIP 06489 up to 31.8% in ZIP 06704.

 

💰 Rent in ZIP Code 06704 (with Utilities)

Estimated Monthly Rent: $1,258 ℹ️ What’s Included:
✅ Base rent, electricity, gas, water/sewer, and heating fuels
❌ Not included: internet, cable TV, renter's insurance, parking

💡 What does this rent estimate mean?

Explanation: This estimate shows what renters typically pay each month for housing — including the apartment or home and essential utilities like heat, water, and electricity.

Included in this number: Rent plus electricity, gas, water/sewer, and heating fuel.

Not included: Internet, cable, parking, renter’s insurance, or furniture rental.

Note: This cost does not depend on the number of people living in the home.

👨‍👧‍👦 Household Income in ZIP Code 06704

Annual Household Income: $48,718

💡 What does Household Income mean?

Definition: This represents the middle value of all household incomes in the ZIP code — half of households earn less, and half earn more.

Includes: wages, salaries, self-employment income, Social Security, pensions, investments, unemployment, public assistance, and rental income.

Does NOT include: capital gains, non-cash benefits (like food stamps), or tax refunds.

Household = any group of people (or a single person) living in the same housing unit.

Example: A couple earning $40,000 and $30,000 together have a household income of $70,000. If that's in the middle of all local incomes, it's the value shown here.

📉 Poverty Rate in ZIP Code 06704

Estimated Rate: 31.8%

💡 What does the Poverty Rate represent?

Definition: The percentage of people in this area living below the federal poverty threshold.

How it works: The threshold is a dollar amount set by the U.S. Census Bureau that varies by family size and age. If a household's income is below that level, everyone in it is included in this rate.

Example: In a town of 10,000 people, if 1,500 have incomes below the poverty line, the poverty rate is 15%.

Note: This statistic only includes people living in households; it does not count those in student housing, military barracks, or nursing homes.

🏘️ Renter vs. Owner Households in ZIP Code 06704

In ZIP Code 06704, households that rent: 6,435 (54.7%)

📊 What does the renter household percentage reveal about this ZIP Code?
Household Type Count Share
Renter-Occupied 6,435 54.7%
Owner-Occupied 5,333 45.3%

Definition: This is the percentage of households that rent their home rather than own it. It includes only occupied housing units.

Why it matters: Areas with a high share of renter households often have younger populations, higher mobility, and different housing needs compared to mostly owner-occupied areas.

Example: If 65% of homes in an area are renter-occupied, it means 65 out of every 100 households rent their home.

📉 Renters Spending Over 30% of Income on Rent in ZIP Code 06704

In ZIP Code 06704, cost-burdened renters (households spending over 30% of income on housing): 3,515 (54.6%)

🏚️ What Does It Mean When Renters Spend Over 30% of Their Income on Housing?
Household Group Households Share
Cost-burdened renters (over 30%) 3,515 54.6%
Other renter households 2,920 45.4%
Total renter households 6,435 100%

Shares are calculated as a percentage of renter households.

This shows how many renters in the ZIP code are considered cost-burdened — meaning they spend more than 30% of their income on housing (rent and basic utilities).

It’s a sign that housing might be unaffordable in the area or that lower-income residents may be struggling with rent.

Data comes from the U.S. Census Bureau’s American Community Survey.

📊 Education Levels in ZIP Code 06704

Less than High School: 7,869 people (38.4%)

Includes adults who did not complete high school.

High School Graduate or GED: 7,203 people (35.1%)

Includes adults whose highest education is a high school diploma or GED.

Some College or Associate Degree: 2,516 people (12.3%)

Includes adults who attended college without completing a bachelor’s degree (some college or associate degree).

Bachelor’s Degree or Higher: 2,910 people (14.2%)

Includes adults with a bachelor’s degree or higher (bachelor’s, master’s, professional, or doctoral degree).

👥 Total Adults (25+): 20,498

ℹ️ Have questions about how these statistics are calculated? See our data methodology & FAQs

 

Source: ACS 5-Year Estimates (U.S. Census Bureau) — unemployment rate from BLS. Some values are derived metrics.