richest towns in connecticut

The 20 Most Affordable Places to Live in Connecticut - Money Inc Wilton has impressive parks and rec programs to provide residents with many green areas to enjoy public events or family picnics. What are the richest towns in Connecticut? The median household income in Riverside is $250,000, and most homes sell for over $2.5 million. COS COB, CT Annual household income: $136,261, 17. Top 25 Wealthiest Zipcodes in Connecticut - Zipdatamaps.com With its safe streets, world-class schools, plentiful amenities, and tempting $163,945 median income, its a great place to call home if your bank balance meets the challenge. Its one of the areas wealthiest communities, with the median annual household income at over $215k. A comprehensive list of Connecticuts top 10 richest cities, ranked according to median income and other key indicators of wealth. The average adjusted gross income is $222,660. The unemployment rate is low compared to the state average, and commuters spend an average of 44 minutes driving to work. With Connecticut being so close to New York City, it has become a favorite place for wealthy New Yorkers looking to buy a quaint, suburban home. The city has grown over the past decade, increasing from 8,223 residents to 9,110. Its a great place to raise kids, with top-rated schools and safe streets. Southport, CT Annual household income: $310,831, The 10 Best Places to Live in Austin for Singles, The 20 Safest Places To Live in Tennessee, Tips on How to Use a HELOC To Buy Real Estate, The 20 Best Places to Live in Latin America. The homes in Darien are primarily owner-occupied (87%) with only 13% rentals. As one of the Nutmeg state's oldest towns, it also represents one of the richest. Want to learn more about Riverside? The 10 Best Places To Live In Connecticut For 2022 - HomeSnacks On top of all these benefits, Westport is also an attractive place for people who want to start businesses because they can get affordable office space and high-quality amenities like restaurants and nightlife. The average home price in Southport is $600,000. All rights reserved. Riverside residents live a good work-life balance with an average commute time of 37 minutes. Dana has extensive professional writing experience including technical and report writing, informational articles, persuasive articles, contrast and comparison, grant applications, and advertisement. [1] All data is from the 2010 United States Census and the 2011-2015 American Community Survey 5-Year Estimates.[2][3]. It is also one of the most diverse towns in the state, with over 50% of its residents being foreign-born. The fourth wealthiest town in Connecticut is Old Greenwich. Chris Kolmar has been in the real estate business for almost ten years now. The schools also have state-of-the-art technology such as iPads and Smart Boards so students can learn in new ways. Most of Connecticut's wealth is concentrated in Fairfield County, which contains many affluent suburbs in Connecticut. 2015-2023 Chasing Chains, LLC. The city has magnificent homes with long driveways accessible through winding country roads and beautiful landscapes. The average price of a home is $611,500, nearly three times the national average. The Population is 8,843 in this close-knit community. 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 information presented in this article are based on data from theUS Census American Community SurveyandRedfin. Other factors influencing the ranking of this city included an unemployment rate of 6.6% and a poverty rate of 7.1%. 83% of the residents have a bachelors degree or higher, and the unemployment rate is low. Westport is in the top five most affluent cities in Connecticut for 2022. (and lowest paying jobs). Easton has excellent schools both public and private schools are available. This site uses Akismet to reduce spam. The Easton School District offers many different programs including art, music, and sports. 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. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[336,280],'homesnacks_com-medrectangle-3','ezslot_2',143,'0','0'])};__ez_fad_position('div-gpt-ad-homesnacks_com-medrectangle-3-0');So, what is the richest place in Connecticut? 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 majority are white-collar workers, just 4.96% in the blue-collar classification. The schools are excellent and the town is beautiful, with tree-lined streets and old-fashioned townhouses. The unemployment and poverty rates are 7.9% and 8.5% respectively. The median home value is $766,900, making it more affordable than some other affluent communities. If more people are employed, the richer the future looks. The 20 most affluent places, based on places with available data, all had household incomes above $485,000. Stamford is a city in Fairfield County with a population of 14,499. In addition to having a high income, Wilton residents also have a very low poverty rate at just 2.4%. The median household income in New Canaan is $214,977. Above is a fundraiser at the famous Glass House in New Canaan. California was the most represented with 23 cities and towns making the list. Woodbridge is another Connecticut hamlet passed over by statisticians pointing out the most affluent cities in Connecticut. Darian, CT Annual household income: $232,523, 1. Isn't it grand to see Granby here in the top ten safest places in Connecticut. The average home value is $650,400. The average value of a home is just under $800,000, which is on par with the average household income. This is a carousel. With a population of 63,518, Greenwich is an upscale community with a median household income of $180,44. Head out on a fun getaway to these spots: Thank you! If you can afford a mortgage, its the better way to go in Fairfield. 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%. If you thought that renting would help cut costs to a more reasonable level, think again according to Niche, the average cost of renting a home in this exclusive little city is over twice the national average at $2,469. According to the most recent data, the number of people living in Ridgefield has decreased by 0.7% since 2020. With a median household income of $1,471,700, this is no place for people on a shoestring budget. School test performance scores are above average, and 9.2% of students are eligible for free or reduced lunches at school. The communities in this city are close, and they love to sponsor community events for the residents and visitors. Learn how your comment data is processed. The benefits of living in this city are numerous, such as good schools, safe neighborhoods, and overall great lifestyle quality. Stamford, CT Annual household income: $152,102, 11. Not to mention, if youre looking to get your kid into a university that produces more millionaires than the Connecticut Lottery, theres the University of Connecticut in Storrs and Yale University in New Haven. Redding residents enjoy a peaceful life in a rural setting, away from the hustle and bustle of city living, yet still within a 1.5 hour drive to Manhattan. The median household income is just over $190K per year. A median income that sits at a mammoth $352,839. 25 Wealthiest Towns in the New York Suburbs, What are the Highest Paying Jobs in New York? Theyre well educated, and many residents commute to the city for their jobs with an average travel time of 38 minutes. HomeSnacks is reader-supported. 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. Want to learn more about Darien? It has a great location, close to major highways and a short drive from New York City. Weston residents live a good work-life balance with an average commute time of 42 minutes. The town is full of greenery and offers residents a tranquil vibe. The crime rate is practically non-existent, the median income is a stonking $139,122, the schools are some of the best in the state, and despite its relatively small size, it has a huge selection of restaurants, shops, cafes, and recreational venues to enjoy. Fairfield County's Norwalk, CT is the third richest city in the Nutmeg State. Darian is an entire little town, and those that call it home enjoy lifes best with quaint shops, great places to dine, and plenty of recreational, shopping, and community event opportunities. Want to learn more about Westport? From Hedge Fund Executives to High Profile Athletes, these wealthy Americans call Connecticut their home. The Most Affluent, Richest, High-Income Places in the US Fairfield County is very close to New York City. Its also home to some of the most expensive homes in the state. 14 Richest Towns in Connecticut (2022) | PropertyClub Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. The average home price in Old Greenwich is $1.8 million. This small coastal town is the perfect place for raising children, and you can enjoy plenty of outdoor activities, especially walking in nature. The unemployment rate is just 3.1%, with an average commute of 33 minutes. There are also several golf courses in town that draw a lot of people from around the world. Redding, CT Annual household income: $140,995, 15. New Cannan, CT Average household income: $200,203.00, 8. Map of 25 Wealthiest Zipcodes in Connecticut Based on Average Adjusted Gross Income. Most of the townspeople hold bachelors degrees or higher. The high demand is getting harder to find places for sale. South Glastonbury is a small town with a growing population ranging from 4848 to 5651. 96% of the residents are homeowners with a median home value of $868,200. We also looked at things that make rich people happy: fellow neighbors with high median income levels, world class educational opportunities, low crime, and posh amenities. 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. Most residents have at least a bachelors degree or higher and drive an average of 42 minutes to get to work. Greenwich had a median household income of $180,484 in 2021 and is known as one of the richest cities in America. Related: The 10 Wealthiest Cities In New York. The median income in Bristol is $61,551 while the unemployment rate is 7.8% and the poverty rate is 10.3%. Located in Fairfield County, Westport is an affluent town with beaches, private Country Clubs, and Yacht Clubs. Want to learn more about Greenwich, CT? The median home price in Essex was $651,000 in 2022. There are also many beautiful parks and green spaces throughout town. If you want to live in one of Connecticuts richest places, youre going to need to make upwards of $59,791/year. Living in West Hartford is not cheap, but the perks are worth the cost with its safe neighborhoods, upscale shopping and dining venues, and more. 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. Darian is one of the richest towns in Connecticut with a median household income of nearly $243,750. Bloomberg reports that in Atherton, "the cheapest house on the market is currently listed for $2.5 million, according to real estate marketplace Zillow.com. Get the inside scoop on what its really like to live in the suburbs through our interviews with local suburbanites and features on Food, Fashion, Home, Garden, Travel, Pets, Real Estate and Local Events. Essex is another one of the richest towns in Connecticut. If youre thinking about moving to Austin and youre single without a family or spouse, you might find some neighborhoods, Read More The 10 Best Places to Live in Austin for SinglesContinue. We love the detailed statistics that give us a clear snapshot of the socioeconomic dynamics of the city. Weston residents are well educated with 78% of residents having obtained a bachelors degree or higher. Ned Lamont and General Assembly leaders to to focus on offsetting a potential property tax Armageddon. Greenwich is synonymous with luxury real estate and wealth. 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. Married families in Ridgefield average an annual household income of 182,679, but the average is over $206k. It has a population of 27,141. Riverside is one of the wealthiest communities in Connecticut. List of Connecticut locations by per capita income - Wikipedia Other areas of wealth in the state include suburbs surrounding New Haven and Hartford, as well as pockets of Litchfield County . The Gold Coast, also known as Lower Fairfield County or Southwestern Connecticut not limited to the Connecticut panhandle, . The median home value is steep at $1,382,800 for 2022. Is Connecticut still the richest state in the nation? Barely The chart below shows the most common races living in the richest cities in Connecticut: 81.94% White 6.79% Hispanic 5.95% Asian 3.30% Two or more races 1.63% Black/African American 0.33% Other 0.07% Native 0.01% Hawaiian/Pacific Islander This shows that the most common race across the richest cities in Connecticut is "White". The 10 Richest Cities In Connecticut For 2023 - HomeSnacks If you plan to buy a home in New Canaan, the average price is $1.36 million. Here are the 10 richest places in Connecticut for 2023: Shelton Milford Stamford Naugatuck Bristol Danbury Norwalk Middletown Norwich West Haven With fancy city names like Windsor and Danbury, Connecticut seems to ooze wealth around every corner. It has an average household income of $204,792, and the home prices range between $600,000-$800,000. 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? Related: The 10 Wealthiest Cities In North Carolina. Learn how your comment data is processed. Newtown Borough is being credited as the richest town in the state of Connecticut. The town is partly in Hartford County, with some areas in Middlesex County. With an average family income of $209,635 and a population of 18,460 inhabitants, Wilton is a relatively wealthy town. If you're looking for a fun day trip, you will really enjoy, The city of Bristol with a population of 60,437 is ranked number seven. Want to learn more about Weston? 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. Theres a premium on living in a safe neighborhood with all the trappings of a luxurious existence. Most of the properties in Riverside are primarily owner-occupied (80%) with only 20% rentals. Its a small, charming seaside community in the Town of Greenwich with a population of 6,873. This site uses Akismet to reduce spam. A list of the richest cities in Connecticut was released by Homesnacks and we think you might be surprised at which places made the list. New Cannan, CT Average household income: $200,203.00 Living in New Canaan is like being surrounded by family. The unemployment rate, as of 2022, is 3.3%, far lower than the state unemployment rate of 4.1%. Check them out: What are the oldest towns in Connecticut? Jobs are plentiful in the city with a population of 7,453. 1. The financial news and opinion site 24/7 Wall St . This is our tenth time ranking the richest cities in Connecticut. Westport, CT Annual household income: $222,535, 4. The Population for 2020 was 1,797, but it has grown to 1,839 for 2022. Darian If you want to live in Darian, you'd better start saving. Head to, Natalie is a writer and travel enthusiast who loves uncovering new places along the East Coast. Fairfield offers many different types of housing options including condos, apartments, townhomes, and single-family homes. Heck, the competition for the top ten richest places in The Constitution State was quite fierce, so to narrow down our list we decided to look at the 21 Connecticut cities with at least 9,000 residents. 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. After we collected the data for all 21 places with more than 9,000 people in Connecticut, we ranked each place from 1 to 21 for each of the criteria, with 1 being the richest. The towns population is under 21,742 people, yet it is home to at least seven country clubs and three golf courses. You'll receive your first newsletter soon! The average home value is $466,000, making it one of the more affordable rich neighborhoods to buy a house. According to the report, the four towns are Darien, Old Greenwich, Riverside, and . Easton, CT Annual household income: $166,875, 13. Among Connecticut cities and towns, the wealthiest are the big spenders Milford, CT - HomeSnacks 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. 1. View Map of 25 Poorest Zipcodes in Connecticut. The town also boasts one of the best school systems in all of Connecticut! New Canaan has a small-town feel with big-city amenities. The 20 Richest Towns in Connecticut in 2022; Liz Flynn. Source: US Internal Revenue Service - 2018. When you look at the data, the cities and places mentioned above meet the criteria for being at the very top of the income ladder for everyone that lives there. Wilton, CT Annual household income: $193,292, 9. Connecticut towns make Bloomberg list of richest places 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. Connecticut has a large number of wealthy towns and cities with high incomes among its residents, but this does not mean that every resident of Connecticut lives in a wealthy area. It's also very well educated, with over half of its residents having a college degree. Feel free to check out some more reading about Connecticut: Population: 40,944Rank Last Year: 1 (No Change)Median Income: $103,647Unemployment Rate: 5.0%Poverty Rate: 6.0%More on Shelton: Real Estate|Photos, Population: 50,694Rank Last Year: 2 (No Change)Median Income: $97,951Unemployment Rate: 5.6%Poverty Rate: 4.1%More on Milford: Real Estate|Photos, Population: 134,820Rank Last Year: 3 (No Change)Median Income: $99,791Unemployment Rate: 5.5%Poverty Rate: 9.4%More on Stamford: Real Estate|Photos, Population: 31,586Rank Last Year: 4 (No Change)Median Income: $86,900Unemployment Rate: 6.1%Poverty Rate: 4.9%More on Naugatuck: Real Estate|Photos, Population: 60,733Rank Last Year: 5 (No Change)Median Income: $73,604Unemployment Rate: 5.9%Poverty Rate: 8.9%More on Bristol: Real Estate|Photos, Population: 86,197Rank Last Year: 7 (Up 1)Median Income: $74,600Unemployment Rate: 6.0%Poverty Rate: 10.6%More on Danbury: Real Estate|Photos, Population: 90,821Rank Last Year: 6 (Down 1)Median Income: $91,434Unemployment Rate: 6.6%Poverty Rate: 9.7%More on Norwalk: Real Estate|Photos, Population: 47,164Rank Last Year: 8 (No Change)Median Income: $67,485Unemployment Rate: 5.6%Poverty Rate: 11.2%More on Middletown: Real Estate|Photos, Population: 40,020Rank Last Year: 9 (No Change)Median Income: $59,791Unemployment Rate: 6.1%Poverty Rate: 10.6%More on Norwich: Real Estate|Photos, Population: 55,518Rank Last Year: 12 (Up 2)Median Income: $66,868Unemployment Rate: 8.7%Poverty Rate: 11.8%More on West Haven: Real Estate|Photos. Weston is one of the most affluent towns in Connecticut with winding country roads and highly regarded schools. Most Expensively 2023. Renting is a little cheaper, but not by much expect to part with around $1,886 per month for an apartment. New Canaan is one of the wealthiest towns and among the best places to live in Connecticut. 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). The homes in Westport are primarily owner-occupied (85%) and only 15% rentals. People love to enjoy life and share it with family, friends, and neighbors. With an average household income of $236,892 per year, it is one of the richest towns in the state. Home to some of the most affluent residents in Connecticut, Westport has a median household income of $206,466. That ratio steadily has been. Gov. The median income in this city is $81,634. 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. Ridgefield, CT Annual household income: $206,560, 6. Westport Profile Page with Infographics. The town has over 120 acres of open space and over 1,000 acres of parkland. Its a haven for New Yorks very rich to escape the hustle and bustle of big money firms and agencies. It is a picture-perfect neighborhood in the Town of Greenwich with beaches, highly rated schools, and an easy train ride to NYC. Weston is also one of the best places in Connecticut to raise a family. 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. She finds almost all topics she writes about interesting, but her favorite subjects are travel and food. The average family home retails for a massive $611,500, almost three times the national average. Connecticut - Forbes Four Connecticut towns made the top 50 list (well, three depending on how you look at it): Darien, Old Greenwich, Riverside (Greenwich) and Westport. The downtown area is quaint and charming with plenty of restaurants, shops, and entertainment options. Related: The 10 Wealthiest Cities In Missouri. It's also one of the most expensive places to live in the country, with a median home price of over $1.5 million. Rich people not your cup of tea? Fairfield County towns have made yet another list of the richest places in the U.S. Connecticut’s per capita income was $44,496 in 2019, according to estimates. With fancy city names like Windsor and Danbury, Connecticut seems to ooze wealth around every corner. The bright side? Point 2 Point Homes advises that the small community of 8,779 people has an average household income of more than $200k per year. A handful of factors, from the number of businesses in an area to its median income, have an impact on whether residents are thriving or struggling financially. The unemployment rate is 3.2%, compared to the Fairfield County unemployment rate of 5.2%. 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. The upside to all those sky-high prices is a median income that ranks as one of the highest in the state. Ridgefield is also home to several conservation areas and preserves that provide a haven for wildlife such as deer, foxes, wild turkeys, and hawks. If you choose to rent an apartment, expect to pay an average of $1,866 monthly. Its a peaceful town thats a great place for people who want to get away from hectic city life and enjoy nature. Ridgefield offers something for everyone from great schools to recreation for the whole family. Because it is a coastal town, you can spend most of your time on the beach and in natural parks. Home to over 136,309 people, Stamford is the richest city in Connecticut. Are you surprised by this list of the richest cities in Connecticut? 14 Richest Towns in Connecticut Darien Riverside Westport Old Greenwich Wilton Weston Greenwich Southport New Canaan Avon Ridgefield Stamford Woodbridge Essex 1. 9. Its an Upper-Middle-Class town with a median household income of just under $141K. However, depending on the neighborhood, you can also find more affordable housing. So, want to know where its just as difficult to Keep up with the Connecticuters as it is The Kardashians? Hoping for a glimpse at some of those gorgeous views for which this town is known? Redding has a median home sales price of $1,030,000 and a median household income of $138,125. DARIEN, CT Darien is the wealthiest town in Connecticut, where the median household income is more than $200,000, according to a new report. Atherton, CA topped the list. Here Are The 10 Richest Cities In Connecticut - OnlyInYourState Its capital is Hartford, and its most populous city is Bridgeport. Safest Cities In Connecticut (Updated For 2021) - HomeSnacks Groton rounds out the list of richest cities in the number ten spot. Lidia has more than 10 years experience in news and digital media and holds a degree in journalism from the University 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. Being a coastal city, citizens have plenty of opportunities to spend their free time. In fairness, you do get a lot of return for your investment. Its not difficult to find a home to buy or rent, as there are 3,122 homes in the town, with just 2,935 currently occupied. The unemployment and poverty rates are 6.3% and 11.4% respectively. Ridgefield is one of the wealthiest towns in Connecticut with a median household income of 133,647. If you love the outdoors, check out the beautiful. As the name implies, Southport is a port city that is situated on the coast. the average home value is $1,471,700. If you live in, Fairfield County's Norwalk, CT is the third richest city in the Nutmeg State. Editors Note: Data has been updated for 2023. To see the other wealthy places that made this list, take a look below. Old Greenwich Profile Page with Infographics. After all, rich people have really high salaries. The rankings are based on income and home value. New Canaan is one of the wealthiest towns in Connecticut with a median sales price of $1,155,000. The streets are safe, and the schools are highly rated. What are the most charming small towns in Connecticut? Youll find parades, festivals, and occasional pop-up art exhibitions. The median household income in Wilton is $204,473 which is over twice as much as the state average of $79,043. The unemployment and poverty rates are 7.9% and 8.5% respectively. The remaining six wealthy Connecticut communities, all in Greenwich, in order are. The median sales price of homes in Weston is $1,225,000 with 96% of homes owner-occupied and only 4% of homes being rentals. The poverty rate is remarkably low at 1.12%, with median rent at $1,832 per month. Its also known for its rich history and is listed on the National Register of Historic Places as Woodbridge Green Historic District. The unemployment rate is lower than the state rate of 4.1% and the national rate of 3.9%.