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Falls Village CDP, CT
ZIP 06031 — Economy & Jobs
Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.
Middle ClassLow Snow AreaRemote Work Hub
Income, employment, industries, and economic trends
Income & Economy in Falls Village CDP, CT (06031)
Median Income
$99,219
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+76
Wealth inflow
Population
1,385
Unemployment
2.4%
1.3pp below US avg
IRS migration statistics show a net inflow of about 76 for ZIP 06031 (Falls Village CDP, CT) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.
Historical Trends in 06031 (2020–Present)
Since 2020, population grew 4.3%, median income rose 22.6% (inflation-adjusted), home values decreased 3.0%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $99,219 |
| Unemployment | 2.4% |
| Establishments | 38 |
| Employees | 236 |