richest towns in connecticut richest towns in connecticut

Let's go! The community is predominantly white at 75.45% but is becoming more ethnically diverse than some of its neighboring towns, with a public school demographic of 68.9% white students. However, we dont believe that one statistic wholly encompasses what it means to be one of the richest places. Located in Fairfield County, Westport is an affluent town with beaches, private Country Clubs, and Yacht Clubs. A median income that sits at a mammoth $352,839. In a city with a population of 52,005, the median income came in at $81,971. Liz Flynn has worked as a full-time writer since 2010 after leaving a career in education. The median household income in Wilton is $204,473 which is over twice as much as the state average of $79,043. Its a small, affluent community where the average commute time for workers is 35.5 minutes, and test performance scores for public school students are excellent. Its also very well educated, with over half of its residents having a college degree. Weston is in Fairfield County. Suburbs 101 confirms that Riverside is a wealthy suburb of the Town of Greenwich. The upside to all those sky-high prices is a median income that ranks as one of the highest in the state. The beautiful neighborhood is small, just 6,962, after the influx of rich business professionals. With an average family income of $209,635 and a population of 18,460 inhabitants, Wilton is a relatively wealthy town. Weston is also one of the best places in Connecticut to raise a family. Darian is on Long Island Sound and offers waterfront property for sale and for rent. It has a population of 27,141. The community is close-knit and safe, and while its not exactly the most buzzing of places, its calm serenity and lovely scenery are attractions in their own right. Its a haven for New Yorks very rich to escape the hustle and bustle of big money firms and agencies. In terms of per capita income, it beats the nearest competition by a huge margin of almost $4000. The town has a high concentration of people from New York City who commute to work here by train or car. It also has a number of highly rated public and private schools, which can be a major plus for families with children. This small coastal town is the perfect place for raising children, and you can enjoy plenty of outdoor activities, especially walking in nature. Zip Data lists West Hartford as one of the 20 richest cities in the state. Theyre well educated, and many residents commute to the city for their jobs with an average travel time of 38 minutes. When you learn that the average cost of a single-family home is $1,150,400 and the median income is $206,466, youll be left in no doubt. New Canaan is expensive, even by Connecticut standards: The median home value is $1.9M, compared to $350,897 for the state overall. The streets are safe, and the schools are highly rated. The average home price in town is $780,000. Riverside is one of the wealthiest communities in Connecticut. Also in Fairfield County, the waterfront city of Stamford is ranked 4th on the list. The median home value is steep at $1,382,800 for 2022. Besides these, Colorado has ongoing employment opportunities in aviation,, Read More The 10 Cheapest Places to Live in ColoradoContinue. Both coasts have some, Read More The 10 Best Places to Live on the West Coast of FloridaContinue, Massachusetts is one of the most remarkable states in America. The towns population is under 21,742 people, yet it is home to at least seven country clubs and three golf courses. With a median household income of $1,471,700, this is no place for people on a shoestring budget. New Canaan is one of the wealthiest towns in Connecticut with a median sales price of $1,155,000. If more people are employed, the richer the future looks. Darien is a small town on Connecticut's gold coast that is home to approximately 6,759 people. Hoping for a glimpse at some of those gorgeous views for which this town is known? We love the detailed statistics that give us a clear snapshot of the socioeconomic dynamics of the city. Its in Hartford County. Most homes were built in 1965 when the community saw its largest growth spurt. Shelton. Considering Connecticut isnt the cheapest state in the US to start with, that alone should give you some idea of just how rich this little city is. Youll find a community of 1,300 Wall Street execs and affiliates living in Old Greenwich, Connecticut. Essex is situated near the Connecticut river, a few miles north of some of the states best beach towns. A Bloomberg report is out on the 100 richest towns in America, and four towns in Connecticut made the list. The average home value is $650,400. Well, according to the latest Census data, the richest place in The Nutmeg State is Shelton. The 20 Richest Towns in Connecticut in 2022; Liz Flynn. United States locations by per capita income, List of Connecticut locations by per capita income, United States counties by per capita income, "U.S. Census Bureau QuickFacts: Connecticut", "SELECTED ECONOMIC CHARACTERISTICS 2011-2015 American Community Survey 5-Year Estimates", "Profile of General Population and Housing Characteristics: 2010 Demographic Profile Data", U.S. states and territories by per capita income, List of United States counties by per capita income, Highest-income counties in the United States, Highest-income metropolitan statistical areas in the United States, Highest-income urban areas in the United States, Highest-income ZCTAs in the United States, Lowest-income counties in the United States, https://en.wikipedia.org/w/index.php?title=List_of_Connecticut_locations_by_per_capita_income&oldid=1133314595, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 13 January 2023, at 05:01. The crime rate in this town is also very low with only 5% of residents reporting that they had been victims of crime during the last year. The high demand is getting harder to find places for sale. (Infographs), What are the Highest Paying Jobs in New Jersey? Related: The 10 Wealthiest Cities In New York. What you might love just a little less is how excruciatingly expensive it is to live here although theres an (admittedly very small) selection of housing options on the reasonable end of the spectrum, there are enough hugely expensive properties to push the median home value to a whopping $1,355,800. With an average household income of $236,892 per year, it is one of the richest towns in the state. South Glastonbury, CT Annual household income: $135,596, 18. A relatively small town, it offers the opportunity of doing great outdoor activities. Darien is a small town on Connecticuts gold coast that is home to approximately 6,759 people. Its smaller than Ridgefield but slightly more affluent. Westport is a popular place for New Yorkers to visit on weekends because of its close proximity to Manhattan. Its one of the areas wealthiest communities, with the median annual household income at over $215k. What are the richest towns in Connecticut? The town is home to many Fortune 500 companies such as General Electric and Terex Corporation. In the last year, its got even wealthier thanks to the influx of wealthy Wall Street types that have abandoned Covid stricken New York for the attractions of this exclusive enclave according to Business Insider, over 1300 of them have made the move since the pandemic started. Fairfield County is very close to New York City. If you can afford a mortgage, its the better way to go in Fairfield. Haub, who took over the company after the death of his brother, Karl-Erivan, is now worth an estimated $2.9 billion. The unemployment rate tries to capture the prospects for more people to become rich. All of this combines to make the local housing market expensive. the average home value is $1,471,700. As to which are the very wealthiest, find out now as we count down the 10 richest cities in Connecticut. However, it is true that overall, the Nutmeg State is richer than most. California was the most represented with 23 cities and towns making the list. Fairfield County's Norwalk, CT is the third richest city in the Nutmeg State. A comprehensive list of Connecticuts top 10 richest cities, ranked according to median income and other key indicators of wealth. Old Greenwich residents live a good work-life balance with an average commute time of 38 minutes. If you can swallow up those property prices, theres a good chance youll be rewarded with an income in the region of $222,535. The staggering low unemployment rate for 2022 is 0.4%, far below the county, state, and national averages for unemployment rates. The unemployment rate is slightly higher at 3.6%, with the average commute time for workers at 31.3 minutes. Fairfield. Want to learn more about Greenwich, CT? Riverside Profile Page with Infographics. Known for its luxury waterfront homes, Old Greenwich has a median sales price of $2,063,000. Ned Lamont and General Assembly leaders to to focus on offsetting a potential property tax Armageddon. Its capital is Hartford, and its most populous city is Bridgeport. Riverside is home to some of the most affluent residents of Connecticut with a median household income of $215,791. Its the basis on which we chose the 20 richest towns in Connecticut, and the results might surprise you. Want to learn more about Old Greenwich? This year we asked our panel of experts to give some extra love to those restaurants where amore is on Nathan Spotts/Lauren Kinkade / Contributed Photo, Tyler Sizemore / Hearst Connecticut Media, Photos courtesy of William Pitt Sotheby's International Realty, H John Voorhees III / Hearst Connecticut Media, 2023 Hearst Media Services Connecticut, LLC, Just Salad restaurant celebrating grand opening in Fairfield, CTs Beardsley Bart makes his annual Groundhog Day prediction, Penny's Diner closes its Fairfield location after 40 years, Ppin, Sarandon talk food, joy of Rice Krispies at live CT show, New soul food restaurant, Everybody Eatz, opens in Bridgeport, Fairfield fried chicken restaurant Lovebird closes, CT Girl Scouts try to publish climate book after DiCaprio tweet, 29 Markle Ct, an upscale new American restaurant, now open, Carl Anthony Trattoria in Monroe relocating after 25 years, Manna Toast in Westport announces closing by year's end. The median income is $80,896. The town has the highest percentage of residents who are wealthy, at about 30 percent. 96% of the residents are homeowners with a median home value of $868,200. If youre in the market for a decently sized family home, dont expect to get much change from $1,283,146 a staggering amount, even by Connecticuts standards. Richest Places in Connecticut Bottom Line, Best First Time Home Buyer Programs & Grants in NYC. You catch that vibe when you visit New Canaan, but its not cheap to live there. Related: The 10 Wealthiest Cities In North Carolina. Avon is the home of 1,206 entrepreneurs. Above is a fundraiser at the famous Glass House in New Canaan. Most of the residents have gainful employment with high-paying jobs. This time the list is from Bloomberg. Its also home to some of the most expensive homes in the state. Greenwich is another of the wealthiest towns in Connecticut. The average commute time for workers is 26.5 minutes, suggesting plenty of local jobs in the citys economy. He spends more time than is perhaps wise with his eyes fixed on a screen either reading history books, keeping up with international news, or playing the latest releases on the Steam platform, which serve as the subject matter for much of his writing output. Theres a premium on living in a safe neighborhood with all the trappings of a luxurious existence. Home to some of the most affluent residents in Connecticut, Westport has a median household income of $206,466. The 10 Best Places to Live on the West Coast of Florida, The 20 Best Places to Live in Massachusetts, Where $100 million in Vacation Rental Startups is Going, The 10 Cheapest Places to Live in Colorado, Eight Reasons to go to French Polynesias Marquesas Islands, How Lisa Rinna Achieved a Net Worth of $10 Million, 20 Cities with The Worst Weather in Europe, How Zac Stacy Achieved a Net Worth of $6 Million. With a population of 63,518, Greenwich is an upscale community with a median household income of $180,44. If you plan to rent in the city, plan on paying double the national average as apartments and homes go for $2,469 per month. Here are the 10 most expensive places to live in Connecticut for 2023: Stamford Norwalk Danbury New Haven Hartford Bridgeport Ansonia New London Middletown Groton What's the most expensive place to live in Connecticut? When you click through real estate links on our site, we earn an affiliate commission. The schools are excellent and the town is beautiful, with tree-lined streets and old-fashioned townhouses. Old Greenwich enjoys a low crime rate and excellent public schools. There are many things that families love about living in Wilton including its great school system, safe neighborhoods, and access to shopping centers. It is a Fairfield County city home to many wealthy residents who enjoy private country clubs, yacht clubs, and pristine beaches. Riverside has a population of 8,843. Darien The richest town in Connecticut is Darien, with a median household income of $251,200. With salaries like that, most residents are having no problem in keeping up with those monster mortgage re-payments. Fairfield offers many different types of housing options including condos, apartments, townhomes, and single-family homes. Its located in Fairfield County under the 06896 zip code, sharing a border with Danbury and Georgetown. There are lots of affluent communities in the Nutmeg State, and some of them are unassuming. If you choose to rent an apartment, expect to pay an average of $1,866 monthly. Westport is a very desirable place to live as it ranks highly for safety. Contact: nclunan@onlyinyourstate.com, The Cafeteria With Some Of The Best Home-Cooked Food In Connecticut, See Mermaids In Real Life Right Here in Connecticut At The Mystic Aquarium, This Rustic Restaurant In Connecticut Serves Up Heaping Helpings Of Country Cooking, The Terrifying, Deadly Plane Crash In Connecticut That Will Never Be Forgotten, Here Are The 8 Poorest Cities In Connecticut, Here Are The 10 Cheapest Yet Great Places To Live In Connecticut, The 9 Most Dangerous Cities in Connecticut, Here Are The 9 Most Dangerous Places In Connecticut After Dark, Whittemore Glen State Park in Naugatuck, Connecticut, Bluff Point State Park in Groton, Connecticut. It is a charming seaside neighborhood that is in the Town of Greenwich with waterfront homes and private beaches. The average home value is $1,561,200, with 84% of the residents owning their own homes. According to the report, the four towns are Darien, Old Greenwich, Riverside, and . The median house price in Westport is approximately $1.5 million. The Population is 8,843 in this close-knit community. Flavian Johnny is the founder of Mostexpensively.com - a blog that serves as an invaluable resource for expatriates and travelers looking for something special and unique. Its a great place to raise kids, with top-rated schools and safe streets. Most Expensively 2023. Located on Connecticut's Gold Coast, Greenwich is a financial powerhouse and also an exciting place to visit. The information presented in this article are based on data from theUS Census American Community SurveyandRedfin. The unemployment rate, as of 2022, is 3.3%, far lower than the state unemployment rate of 4.1%. The rankings are based on income and home value. Home to some of the most affluent residents in Connecticut, Westport has a median household income of $206,466. Essex Village is a highly desirable community to live in for the affluent. Just 16% of the homes are rentals. The unemployment rate in this city is 10% and the poverty rate is 9.6%. Home to over 136,309 people, Stamford is the richest city in Connecticut. The median household income is $99,791, and the average home price is $672,000. The average home value is $1,150,400. Riverside Profile Page with Infographics. Redding, Connecticut, is a small city with a population of 9,110. Not that there isnt more to it than that with a vibrant food scene, a charming historic district, gorgeous parks, and a great selection of shops, it offers premium living at an admittedly premium price tag. Grace Duffield / Hearst Connecticut Media file photo This site uses Akismet to reduce spam. The median home value in Easton is over $772,758 making it one of the most expensive places to live in Connecticut. We suspect that the recent pandemic took a toll on residents who lost their jobs, with some forced to relocate for more affordable housing. The median income in this city is $81,634. When Does a Seller Get Their Money After Closing on a House? The median household income in New Canaan is $214,977. The town also boasts one of the best school systems in all of Connecticut! Its also one of the most expensive places to live in the country, with a median home price of over $1.5 million. The median income in Danbury is $67,430 helping to secure its 5th place ranking. 9. Redding has a median home sales price of $1,030,000 and a median household income of $138,125. In todays world of language everything has an acronym dreamed up by some marketing or English major who feels the need to make everything, Read More Tips on How to Use a HELOC To Buy Real EstateContinue, Tucked in between North America and South America, the 20 countries that make up Latin America cover an enormous range of landscapes, climates, cultures, and traditions. Old Greenwich Annual household income: $222,794, 2. Atherton, CA topped the list. The local school system is also amongst the best in the state. The Population for 2020 was 1,797, but it has grown to 1,839 for 2022. There is a good reason that Norwalk was listed as one of the. Its a socioeconomically Upper Middle-Class city with a median household income of $136,261. If you dream of the quiet life, its ideal. The states median household income is $79,043, which means that half of all households in the state earn above this amount and half earn below it. While the income number is higher than that of Milford, the higher unemployment rate of 7.9% gives this city a solid second place. A rain garden is an area dug slightly below the surrounding area that can catch and collect rainfall and keep it from carrying pollutants downstream. All Rights Reserved. With an average home price of $641,500, mortgage payments here are no laughing matter although when you factor in the $157,448 median income, they suddenly get a lot more reasonable. The Upper Middle-Class neighborhood has an unemployment rate of 2.8% in its 06073 zip code compared to the Harford County rate of 6% and the state rate of 4.01%. We then averaged all the rankings for a place into a Rich Score with the place having the lowest overall Rich Score, Shelton, crowned the Richest City In Connecticut For 2023. Being a coastal city, citizens have plenty of opportunities to spend their free time. Its safe, with a low crime rate. Other areas of wealth in the state include suburbs surrounding New Haven and Hartford, as well as pockets of Litchfield County . The 20 most affluent places, based on places with available data, all had household incomes above $485,000. The 10 Wealthiest Neighborhoods in San Francisco, median household income of nearly $243,750, The 10 Wealthiest Cities In North Carolina, median household income in Wilton is $204,473, population of just over 20,249 (2020) people, median home value in Easton is over $772,758, The 10 Richest Cities in Michigan Based on Median Income, The 10 Richest Neighborhoods in New York City, The 10 Wealthiest Cities in Georgia Based on Median Income, The 10 Wealthiest Cities in California Based on Median Income, The 10 Wealthiest Cities in Illinois Based on Median Income, The 10 Wealthiest Cities in Missouri Based on Median Income, The 10 Wealthiest Cities in North Carolina Based on Median Income, The 10 Wealthiest Cities in Maryland Based on Median Income. Home to some of the most affluent residents of Connecticut, Weston has a median household income of $222,535. All of these towns are located not too far east of Greenwich . Wilton has impressive parks and rec programs to provide residents with many green areas to enjoy public events or family picnics. Its also home to the states only national historic site, Weir Farm. Only 16 states were represented in the top 100. With a median income of $59,522, Naugatuck took ninth place. Essex is another one of the richest towns in Connecticut. Southport has a long history as a summer resort and residential community. Living there isnt cheap, though. New Canaan and other wealthy towns made it onto the state's list of "disproportionately impacted areas" for favorable treatment in the marijuana legalization rollout, due to a quirk in the data. Other areas of wealth in the state include suburbs surrounding New Haven and Hartford, as well as pockets of Litchfield County. The climate is better for persons with allergies, asthma, and other respiratory conditions. The next town on this list is Wilton. Theres a reason this state is one of the richest in the country. Youll find parades, festivals, and occasional pop-up art exhibitions. According to the most recent data, the number of people living in Ridgefield has decreased by 0.7% since 2020. Inflation-adjusted household income is one of the factors. The Gold Coast, also known as Lower Fairfield County or Southwestern Connecticut not limited to the Connecticut panhandle, . She finds almost all topics she writes about interesting, but her favorite subjects are travel and food. Its also known for its rich history and is listed on the National Register of Historic Places as Woodbridge Green Historic District. Although the town is small, youll find plenty of recreational venues, cafes, restaurants, and shops. The first European settlement was established there in, Read More The 20 Best Places to Live in MassachusettsContinue, Already in the first quarter of 2016, vacation rental startup companies have attracted almost $100 million in investments across the United States and Europe. According to Wikipedia, Granby is a rural town, located in the foothills of the Litchfield Hills of the Berkshires, besides the suburban natured center, the outskirts of town are filled with dense woods and rolling hills and mountains. Fairfield is also very safe and has low crime rates. New Canaan has a small-town feel with big-city amenities. Unfortunately, however, there can be only one Connecticut place that's worthy of the HomeSnacks crown. The most affluent settled in the area to enjoy its beautiful beaches and other luxury amenities. After Riverside and Greenwich, the next four richest towns are Darien ($599,920), New Canaan ($532,440), Old Greenwich ($530,250), and Rowayton ($422,210). To compiler their 2020 list of the 50 richest places, Bloomberg "evaluated inflation-adjusted household data for all U.S. locations with a minimum of 2,000 households (as defined by the Census), and ranked them based on average household income. >> Click through to see how each CT spot ranked as well as each household income average. Darien is one of the wealthiest towns in Connecticut. It's also one of the most expensive places to live in the country, with a median home price of over $1.5 million. Four Connecticut towns made the top 50 list (well, three. Less than an hour train ride from New York City, Greenwich gives the feel of a small town with all the amenities of the big city. Old Greenwich has a population of 6,962 and a median household income of $222,794. The small community has a population of 7,586 residents. The first thing that comes to most peoples minds when they think about determining the richest places is to simply identify personal incomes. Point 2 Point Homes picked up on the city of Avon, whereas many other demographics lists didnt give them a second look. 1. The benefits of living in this city are numerous, such as good schools, safe neighborhoods, and overall great lifestyle quality. Like we said earlier, when we set out to identify the richest places in Connecticut, we werent sure what wed encounter, but it ended up being some of the best places to live in Connecticut. He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move. Shelton has an extremely successful economy, with the 2nd lowest poverty level and lowest unemployment rate in Connecticut, at 5.4% and 4.9% respectively. The city has grown over the past decade, increasing from 8,223 residents to 9,110. Wilton is also known as the village because of its quaint feel with many historic homes and buildings. People who live and work in Easton have a slightly higher income level. If the thought of paying $868,200 for a home makes you feel queasy, you might want to give Weston a miss. Its got a population of just over 20,249 (2020) people, but it feels much smaller than that. Connecticut is no ones idea of a poor state. Woodbridge, CT Annual household income: $205,541, 7. The town is also home to many hedge fund managers, bankers, and lawyers. Be sure toFollow Us on Instagram,Like Us on Facebook, Subscribe to our YouTube Channel,and subscribe to ourMonthly Newsletter. Stamford is a city in Fairfield County with a population of 14,499. The Community Trail runs along the Long Island Sound and is a great place to walk or ride your bike. Lidia Ryan is the managing editor of trending and features for Hearst Connecticut Media Group and is part of the digital team. Easton has a thriving downtown area with many restaurants, shops, and entertainment options. From Hedge Fund Executives to High Profile Athletes, these wealthy Americans call Connecticut their home. In 2010, communities got $74 million or just 28 percent of the $264 million they lost on state property, according to the Connecticut Conference of Municipalities. . Its a medium-sized town that has grown to become one of the most desirable places to live in Connecticut. Theres usually something going on for recreation and entertainment in the town and surrounding areas. Related: The 10 Wealthiest Cities In California. Westport, CT Annual household income: $222,535, 4. The unemployment rate is 8.0% and the poverty rate is 8.9%. It is one of the richest towns in Connecticut, boasting a median sales price of $1,835,000. The demographics data shows that 88.37% of the residents are white, with 83.9% of the public schools showing a student population that is 83.9% white with excellent test performance scores. People who suffer from the pain and discomfort of arthritis can improve their symptoms by avoiding certain climates. To find out which Connecticut cities are doing the best and why we compared the most recent data from the U.S. Census Bureau to our own city-level income data to determine Americas richest cities. The median household income in Riverside is $250,000, and most homes sell for over $2.5 million. You can find out more about him on LinkedIn or his website. The Census ranks individual city wealth by a formula that averages the household incomes, including the adjusted gross income and the average household income. Whenever any publication compiles a list of Americas richest cities, theres one name you can always count on seeing Old Greenwich. Renters pay an average of $1,361 per month. Related: The 10 Wealthiest Neighborhoods in San Francisco. Stamford Wikipedia/John These are some, Read More The 10 Richest Zip Codes In CaliforniaContinue, Florida has the longest coastline of any state in the contiguous United States. If you like close-knit communities with family-friendly vibes, well-respected schools, beautifully maintained parks, top-notch libraries, world-class restaurants, and a host of activities to get involved in (parades, festivals, pop up art exhibitions, shows the list goes on), then youre going to love New Canaan. Its a small, charming seaside community in the Town of Greenwich with a population of 6,873. Learn how your comment data is processed. As one of the Nutmeg state's oldest towns, it also represents one of the richest. Westport residents are well educated with 78% of residents having obtained a bachelors degree or higher. New Canaan is one of the wealthiest towns and among the best places to live in Connecticut.