ZIP Code 06340
standardSource:
Groton · New London County · Connecticut
- Population
- 31,242
- Median income
- $81,792
- Median home value
- $294,700
- Bachelor's or higher
- 39.2%
- Land area
- 59.3 sq mi
527/sq mi
▲ 7% vs US
higher than 64% of US ZIPs
▲ 6% vs US
higher than 66% of US ZIPs
Median age 33.7
New York
ZIP code 06340 in Groton, Connecticut has a population of 31,242. The median household income is $81,792, which is 7% above the national average. Median home value is $294,700, 6% above the US average. 39.2% of residents hold a bachelor's degree or higher.
ZIP code 06340 is classified by USPS as a standard delivery area and covers roughly 59.3 square miles in Groton, New London County, Connecticut. The area is home to 31,242 residents, producing a population density of 527 people per square mile, and falls within the New York time zone. These USPS and Census boundary values drive every downstream statistic on this page, including the benchmarks that compare 06340 against Connecticut and the nation.
On the economic side, the median household income for ZIP 06340 sits at $81,792 (28% below the Connecticut average), while per-capita income is $47,211. The poverty rate stands at 12.7% and the unemployment rate at 4.6%. On housing, the median home value is $294,700 (32% below the state average) with median rent at $1,599 per month, and 44.5% of occupied units are owner-occupied, a direct signal of whether 06340 behaves more like a homeowner neighborhood or a renter-heavy ZIP.
Education and household profile round out the picture: 39.2% of adults hold a bachelor's degree or higher, the median age is 33.7, and the average commute is 18 minutes. We also surface 10 nearby ZIP codes within roughly 10 miles and 6 additional ZIPs sharing New London County, so you can benchmark 06340 against its immediate geography rather than a national average alone. Every figure is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates, HUD Fair Market Rents, and FHFA Home Price Index data, no estimates, no proprietary scoring. Verify with HUD →
Top industries in ZIP 06340
Top 5 sectors by establishment count
Which industries have the most business establishments in ZIP 06340.
- Accommodation and food services
Accommodation and food services
99 establishments
- Retail trade
Retail trade
96 establishments
- Other services (except public administration)
Other services (except public administration)
86 establishments
- Health care and social assistance
Health care and social assistance
83 establishments
- Professional, scientific, and technical services
Professional, scientific, and technical services
71 establishments
What this shows Establishment counts come from the Census ZIP Code Business Patterns program, which counts physical business locations rather than employees or revenue.
Source: U.S. Census Bureau, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + HUD FMR + FHFA HPI ACS demographics, ZBP business establishments, HUD Fair Market Rents, FHFA HPI for ZIP 06340, Groton, CT · 2023 Census ACS 5-Year Estimates use a rolling 60-month sample for stable small-geography estimates; ZBP updated annually; HUD FMR + FHFA HPI updated quarterly/annually.
Quick Facts
31,242
Population
59.3
Area (sq mi)
527
People / sq mi
New York
Time Zone
standard
ZIP Type
Who lives in ZIP 06340?
33.7
Median Age
53.8%
Male
46.2%
Female
8.7%
Foreign-Born
Hispanic or Latino is an ethnicity category from the Census Bureau and may overlap with other categories above.
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How much do residents earn?
$81,792
Median Household Income
-28% vs state
$47,211
Per Capita Income
12.7%
Poverty Rate
4.6%
Unemployment Rate
18.2 min
Mean Commute Time
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What is the education profile here?
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What does housing look like?
14,359
Total Housing Units
12,879
Occupied Units
1,480
Vacant Units
2.19
Avg Household Size
Occupancy Type
$294,700
Median Home Value
-32% vs state
$1,599
Median Rent
1976
Median Year Built
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How have home values changed over time?
FHFA House Price Index, annual appreciation data based on repeat sales and appraisals
+11.5%
YoY Change (2024)
249
HPI Index (2000 = 100)
+149%
Total Change Since 2000
Home values in ZIP 06340 have increased 11.5% over the past year (2024). Since 2000, this ZIP has seen +149% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2020 | +4.4% | 160 |
| 2021 | +12.0% | 179 |
| 2022 | +14.7% | 205 |
| 2023 | +8.7% | 223 |
| 2024 | +11.5% | 249 |
Source: Federal Housing Finance Agency (FHFA) House Price Index, All-Transactions, Five-Digit ZIP Codes (Developmental Index). Index base = 100 in year 2000. Data through 2024. ZIP codes with few transactions may show missing values.
What businesses operate in this ZIP?
Census Bureau data shows 604 business establishments in ZIP 06340, employing approximately 22,442 people with a combined annual payroll of $2,096,855,000.
604
Businesses
22,442
Employees
$2.1B
Annual Payroll
15
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Accommodation and food services | 99 | 16.4% |
| Retail trade | 96 | 15.9% |
| Other services (except public administration) | 86 | 14.2% |
| Health care and social assistance | 83 | 13.7% |
| Professional, scientific, and technical services | 71 | 11.8% |
| Finance and insurance | 33 | 5.5% |
| Real estate and rental and leasing | 27 | 4.5% |
| Wholesale trade | 22 | 3.6% |
| Administrative and support and waste management and remediation services | 22 | 3.6% |
| Arts, entertainment, and recreation | 18 | 3.0% |
| Construction | 14 | 2.3% |
| Manufacturing | 11 | 1.8% |
| Transportation and warehousing | 10 | 1.7% |
| Information | 7 | 1.2% |
| Educational services | 4 | 0.7% |
Source: U.S. Census Bureau, ZIP Code Business Patterns (ZBP), 2023. Employment figures may include noise for disclosure avoidance.
Nearby ZIP Codes
Want a side-by-side? Compare 06340 vs 06320 →
| ZIP Code | City | Population | Distance |
|---|---|---|---|
| 06320 | New London, CT | 27,617 | 3.0 mi |
| 06355 | Mystic, CT | 12,985 | 3.8 mi |
| 06335 | Gales Ferry, CT | 6,729 | 5.2 mi |
| 06385 | Waterford, CT | 15,893 | 5.7 mi |
| 06375 | Quaker Hill, CT | 3,660 | 5.3 mi |
| 06339 | Ledyard, CT | 8,302 | 6.6 mi |
| 06390 | Fishers Island, NY | 236 | 6.7 mi |
| 06378 | Stonington, CT | 5,399 | 7.0 mi |
| 06382 | Uncasville, CT | 11,947 | 8.2 mi |
| 06353 | Montville, CT | 162 | 8.6 mi |
More ZIP Codes in New London County
Related Areas
Frequently Asked Questions
What county is ZIP code 06340 in? ▼
What is the population of ZIP code 06340? ▼
What is the median household income in ZIP 06340? ▼
What is the average home value in ZIP 06340? ▼
What is the demographic makeup of ZIP 06340? ▼
How many businesses are in ZIP code 06340? ▼
What are the main industries in ZIP code 06340? ▼
How have home values changed in ZIP code 06340? ▼
What is the education level in ZIP code 06340? ▼
What is the average commute time in ZIP 06340? ▼
What percentage of residents own vs. rent in ZIP 06340? ▼
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ZIP Code Research Guides
Official Data Resources for Groton, CT
Verify and explore additional data for this area using these official government sources.
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023). Business data: Source: Census ZIP Code Business Patterns (ZBP) 2023. Home value trends: Source: FHFA House Price Index (HPI), Five-Digit ZIP Codes.
PlainZIP is not affiliated with the U.S. Census Bureau or any government agency.
Read our methodology , how this data is sourced, computed, and verified.