Wilton is undoubtedly a wealthy community and one of the top ten richest in the state of Connecticut for 2022. It is a very safe town surrounded by greenery. $55,137 is the median income in this city while the unemployment and poverty rates are 7.5% and 13.4% respectively. Its also home to the states only national historic site, Weir Farm. Fairfield County is very close to New York City. A town covered in vibrant nature, Avon is one of the richest towns in Connecticut. It has a great location, close to major highways and a short drive from New York City. New Cannan, CT Average household income: $200,203.00 Living in New Canaan is like being surrounded by family. As a sign of just how rich this coastal Connecticut city is, the median income is a massive $321,377. The median income is $80,896. People who suffer from the pain and discomfort of arthritis can improve their symptoms by avoiding certain climates. The city is within a short distance of New York City, which offers residents all the amenities of the big city without the need to live there. With a median income of $59,522, Naugatuck took ninth place. Besides these, Colorado has ongoing employment opportunities in aviation,, Read More The 10 Cheapest Places to Live in ColoradoContinue. Only 16 states were represented in the top 100. The unemployment and poverty rates are 7.9% and 8.5% respectively. Use Next and Previous buttons to navigate. People who live and work in Easton have a slightly higher income level. Hoping for a glimpse at some of those gorgeous views for which this town is known? The communities in this city are close, and they love to sponsor community events for the residents and visitors. Just 16% of the homes are rentals. From Hedge Fund Executives to High Profile Athletes, these wealthy Americans call Connecticut their home. This small coastal town is the perfect place for raising children, and you can enjoy plenty of outdoor activities, especially walking in nature. Woodbridge is another Connecticut hamlet passed over by statisticians pointing out the most affluent cities 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. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks. The median household income in New Canaan is $214,977. The states Atlantic coast is to the east, while the Gulf of Mexico coastline is to the west. Darian is one of the richest towns in Connecticut with a median household income of nearly $243,750. HomeSnacks is reader-supported. The oldest towns in Connecticut are perfect places to visit for those who love learning about history. The upscale community attracts residents who commute to New York City because its easy train ride to Manhattan. When you click through real estate links on our site, we earn an affiliate commission. 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. Haub, who took over the company after the death of his brother, Karl-Erivan, is now worth an estimated $2.9 billion. Riverside also offers residents a quick commute into NYC. Located in Fairfield County, Westport is an affluent town with beaches, private Country Clubs, and Yacht Clubs. It is also one of the most diverse towns in the state, with over 50% of its residents being foreign-born. Westport is a popular place for New Yorkers to visit on weekends because of its close proximity to Manhattan. 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. The unemployment rate is just 3.1%, with an average commute of 33 minutes. Because it is a coastal town, you can spend most of your time on the beach and in natural parks. 20 Cities with the Worst Weather in the U.S. How Eiza Gonzalez Achieved a Net Worth of $5 Million. 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. If more people are employed, the richer the future looks. The beautiful neighborhood is small, just 6,962, after the influx of rich business professionals. The unemployment rate is 8.0% and the poverty rate is 8.9%. A Bloomberg report is out on the 100 richest towns in America, and four towns in Connecticut made the list. 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. Riverside is home to some of the most affluent residents of Connecticut with a median household income of $215,791. According to the most recent data, the number of people living in Ridgefield has decreased by 0.7% since 2020. The small community has a population of 7,586 residents. They found this lovely old city during the Covid-19 pandemic and relocated for a safer and serene place to live. The town has a thriving arts community and many of its residents are involved in local government or volunteer activities. Westport is one of the wealthiest towns in Connecticut. Learn how your comment data is processed. As of the 2020 census, the population was 1,710. Living in New Canaan is like being surrounded by family. Its safe, with a low crime rate. Its a small, charming seaside community in the Town of Greenwich with a population of 6,873. Atherton, CA topped the list. The homes in Darien are primarily owner-occupied (87%) with only 13% rentals. The majority are white-collar workers, just 4.96% in the blue-collar classification. Another one of the richest towns in Connecticut is Weston. If you choose to rent an apartment, expect to pay an average of $1,866 monthly. 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. Norwalk, CT, USA 4. A comprehensive list of Connecticuts top 10 richest cities, ranked according to median income and other key indicators of wealth. The median home value is $766,900, making it more affordable than some other affluent communities. Ridgefield, CT Annual household income: $206,560, 6. Milford grabbed the top place in this list of richest cities. In 2018, the average household income in its Old Greenwich. 89.3% of the homes are occupied by their owners, with 10.7% as rentals. 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. Its got a population of just over 20,249 (2020) people, but it feels much smaller than that. 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. New Cannan, CT Average household income: $200,203.00, 8. 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 20 Worst Places to Live if you Have Arthritis in The U.S. Shelton places in the number two spot with a median income of $87,277. We analyzed 21 places in Connecticut to determine where the 1% live. To see the other wealthy places that made this list, take a look below. If you dream of the quiet life, its ideal. Stamford is situated only 30 miles north of NYC, so it offers residents unparalleled access to the city. As of December 2019 Income inequality is huge in Connecticut, with the disparity most pronounced when comparing southern towns like New Canaan and Greenwich with Hartford, the state's capital.. [1] All data is from the 2010 United States Census and the 2011-2015 American Community Survey 5-Year Estimates.[2][3]. In Essex Village, the median income for married people with families is $172,302 for married people with families, and slightly lower for unmarried with families. Darien residents live a good work-life balance with an average commute time of 39 minutes. The town is home to many Fortune 500 companies such as General Electric and Terex Corporation. Weston is also one of the best places in Connecticut to raise a family. So we looked at this set of criteria from the newly released 2017-2021 American Community Survey: Median household income is the most digestible way to understand how rich a place really is. Its the basis on which we chose the 20 richest towns in Connecticut, and the results might surprise you. Its a city of high-earners who live the high life enjoying their private yacht and country clubs, with access to the citys pristine beaches. She finds almost all topics she writes about interesting, but her favorite subjects are travel and food. (Infographs), What are the Highest Paying Jobs in New Jersey? The next town on this list is Wilton. If you love the outdoors, check out the beautiful. Westport residents live a good work-life balance with an average commute time of 44 minutes. Above is a fundraiser at the famous Glass House in New Canaan. Its in Hartford County. The Census revealed that 87.21% of the people living in the city are white, with 80.8 of students in the public schools listed as white. The schools also have state-of-the-art technology such as iPads and Smart Boards so students can learn in new ways. Its also home to some of the most expensive homes in the state. Only 16 states were represented in the top 100. The average home value is $466,000, making it one of the more affordable rich neighborhoods to buy a house. It has an active social scene and boasts an impressive collection of restaurants, shops, and entertainment venues. The city deserves its spot on the list as its well above the average US income. Chris Kolmar has been in the real estate business for almost ten years now. Not all of the countries have a great reputation, Read More The 20 Best Places to Live in Latin AmericaContinue, There are quite a few reasons why people choose to live in areas that have low humidity. If the idea of paying $2,724 in rent each month makes you feel the same, definitely scratch it from your list. 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. The median home value is steep at $1,382,800 for 2022. 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. 45.7% of the children in public schools are eligible for free or reduced lunch programs. If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already. Save my name, email, and website in this browser for the next time I comment. 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. Theres no law saying you have to be rich to live in Fairfield, but it does help, especially if you want to buy a property at some point. The most affluent settled in the area to enjoy its beautiful beaches and other luxury amenities. If youre curious enough, here are the poorest cities in Connecticut, according to data: Poorest: Hartford2nd Poorest: Bridgeport3rd Poorest: Waterbury. A median income that sits at a mammoth $352,839. Its a haven for New Yorks very rich to escape the hustle and bustle of big money firms and agencies. . Well, according to the latest Census data, the richest place in The Nutmeg State is Shelton. Redding, CT Annual household income: $140,995, 15. With a population of 20,622 inhabitants, the average income per household is $145,244. Fairfield County town is one of the most desirable places to live if you have the financial means. 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. Lidia has more than 10 years experience in news and digital media and holds a degree in journalism from the University of Connecticut. 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. Actual ranking depends on what metrics are used, but in general, Connecticut ranks within the five wealthiest states in the country. 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. The town center village is listed as a historic district on the National Register of Historic Places. 87% of the residents own their homes, and just 13% rent. The seaside neighborhood is a part of the Town of Greenwich, nestled on the beautiful waterfront with homes on its private beaches and all of the quaint little shops and dining venues the heart could desire. Education Levels Easton has a thriving downtown area with many restaurants, shops, and entertainment options. Shelton. The average home value is $1,150,400. Westport, CT Annual household income: $222,535, 4. The remaining six wealthy Connecticut communities, all in Greenwich, in order are. However, the average house prices range from $1,5 million to $3 million. Matter of fact, its because there are a bunch of well-to-do people that call this New England state home. 14 Richest Towns in Connecticut Darien Riverside Westport Old Greenwich Wilton Weston Greenwich Southport New Canaan Avon Ridgefield Stamford Woodbridge Essex 1. Its also one of the most expensive places to live in the country, with a median home price of over $1.5 million. The average home value is $650,400. Most of the townspeople hold bachelors degrees or higher. The median home value in Greenwich is over $1.5 million, and many residents work in finance and banking in NYC. The Gold Coast, also known as Lower Fairfield County or Southwestern Connecticut not limited to the Connecticut panhandle, . While the income number is higher than that of Milford, the higher unemployment rate of 7.9% gives this city a solid second place. Connecticut’s per capita income was $44,496 in 2019, according to estimates. Darien The richest town in Connecticut is Darien, with a median household income of $251,200. There are plenty of shopping and fine dining venues in Riverside. Richest Places in Connecticut Bottom Line, Best First Time Home Buyer Programs & Grants in NYC. Editors Note: Data has been updated for 2023. Wilton steps it up a notch with an upper-class community that is home to a close-knit community, schools that offer prestigious educational opportunities for students, big homes, and safe streets. The third on the list is Westport. We use data, analytics, and a sense of humor to determine quality of life for places across the nation. Easton, CT Annual household income: $166,875, 13. The richest places in Connecticut are a lot like expensive diamonds; but, dont get it twisted, they are not by any means the diamonds in the rough. Married families in Ridgefield average an annual household income of 182,679, but the average is over $206k. The 20 Best Places to Live with Low Humidity in the U.S. 20 Cities with The Worst Weather in Europe, How Zac Stacy Achieved a Net Worth of $6 Million. With salaries like that, most residents are having no problem in keeping up with those monster mortgage re-payments. New Canaan is one of the wealthiest towns in Connecticut with a median sales price of $1,155,000. Fairfield County's Norwalk, CT is the third richest city in the Nutmeg State. The bright side? Andreas Halvorsen - Net Worth: $6.3 Billion Andreas Halvorsen is a Norwegian billionaire businessman whose net worth of $6.3 billion makes him the 6th richest person in Connecticut. Easton is a great place to raise a family because it has a good school system. Southport has a long history as a summer resort and residential community. Home to over 136,309 people, Stamford is the richest city in Connecticut. Learn more about the Homesnacks methods that were used to collect the data and how the statistics were calculated. Weston, CT Annual household income: 222,535, 3. Riverside Profile Page with Infographics. There is a good reason that Norwalk was listed as one of the best places to live in America. The unemployment rate is low compared to the state average, and commuters spend an average of 44 minutes driving to work. The staggering low unemployment rate for 2022 is 0.4%, far below the county, state, and national averages for unemployment rates. OnlyInYourState may earn compensation through affiliate links in this article. Liz loves the process of researching information, learning new things, and putting into words . The Population is 27,141, with an average rent of $2,724 if youre not a homeowner. CT proposal causes confusion, concern. New Canaan has a small-town feel with big-city amenities. Name Census collected information for the past five years and breaks the average income levels by age group. Theres usually something going on for recreation and entertainment in the town and surrounding areas. With 733 . There's no law saying you have to be rich to live in Fairfield, but it does help, especially if you want to buy a property at some point. The unemployment and poverty rates are 7.9% and 8.5% respectively. Other areas of wealth in the state include suburbs surrounding New Haven and Hartford, as well as pockets of Litchfield County. Southports location near New York City also makes it attractive for commuters working there. The second wealthiest town in Connecticut is Riverside. The unemployment rate is 8.6% and the poverty rate is 10% in this city. Fairfield County towns have made yet another list of the richest places in the U.S. Riverside Profile Page with Infographics. 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%. West Hartford, CT Annual household income: $142,197, 14. Its located in Fairfield County under the 06896 zip code, sharing a border with Danbury and Georgetown. Darien is a small town on Connecticut's gold coast that is home to approximately 6,759 people. Its harbor and beaches are popular among boaters, who are drawn by the calm waters of Long Island Sound and easy access to New York City via ferry or bridge. You can learn more about the top ten below or skip to the end to see the rankings for all 21 places. There are many things to do including going to the beach and shopping at the local malls. Theyre well educated, and many residents commute to the city for their jobs with an average travel time of 38 minutes. Research has shown that the climate of a location does have an impact on persons with moderate, Read More The 20 Worst Places to Live if you Have Arthritis in The U.S.Continue, If your dream is to live or explore in the wealthiest neighborhoods, California is the state for you. 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 median home value in Easton is over $772,758 making it one of the most expensive places to live in Connecticut. The average value of a home is just under $800,000, which is on par with the average household income. If you can swallow up those property prices, theres a good chance youll be rewarded with an income in the region of $222,535. 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. Citizens of COS COB have an average commute time from home to work of 31.9 minutes, suggesting they dont need to travel far for work. Keep reading. The town has its own train station and airport called Sikorsky Memorial Airport that allows residents to travel easily to Manhattan by train or plane. The Census ranks individual city wealth by a formula that averages the household incomes, including the adjusted gross income and the average household income. People love to enjoy life and share it with family, friends, and neighbors. Although the town only has 6,754 residents, the median income per capita is $91,618, which is well above the average median income in the US. 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. Weston has been named one of the best places to live by Money Magazine, and it has consistently been ranked as one of the safest towns in Connecticut. Counties [ edit] Ridgefield is also home to several conservation areas and preserves that provide a haven for wildlife such as deer, foxes, wild turkeys, and hawks. Visit Bloomberg for the full report. Its also very well educated, with over half of its residents having a college degree. The average price of a home is $611,500, nearly three times the national average. The climate is better for persons with allergies, asthma, and other respiratory conditions. What are the richest towns in Connecticut? Its a great place to raise kids, with top-rated schools and safe streets. Old Greenwich is home to some of the wealthiest Connecticut residents. Related: The 10 Wealthiest Cities In New York. She also enjoys creative writing, content writing on nearly any topic (particularly business and lifestyle), because as a lifelong learner, she loves to do research and possess a high skill level in this area. 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. Stacker.com compiled a list of the richest towns in all 50 U.S. states, which lists Newtown Borough as having a median household income of $140,625 (104.7% more than the U.S. median income). 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. Want to learn more about Weston? As to which are the very wealthiest, find out now as we count down the 10 richest cities in Connecticut. Were just going to leave this right here. 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. The unemployment rate, as of 2022, is 3.3%, far lower than the state unemployment rate of 4.1%. Connecticut is no ones idea of a poor state. The Community Trail runs along the Long Island Sound and is a great place to walk or ride your bike. Southport is an affluent town in Connecticut. Want to learn more about Greenwich, CT? The average household income umped over $20k, but the cost of housing has also risen in this desirable community. Jobs are plentiful in the city with a population of 7,453. Old Greenwich is one of the richest Neighborhoods in Connecticut with a median household income of $238,750. Ridgefield is one of the wealthiest towns in Connecticut with a median household income of 133,647. This site uses Akismet to reduce spam. It has a population of 27,141. Fairfield is a moderate-sized city in Fairfield County. Unfortunately, however, there can be only one Connecticut place thats worthy of the HomeSnacks crown. The unemployment rate tries to capture the prospects for more people to become rich. Its also a great place for students who want to attend college because it has many colleges and universities nearby such as the University of Connecticut, Yale University, Quinnipiac University, and Sacred Heart University. The average commute time from home to work is 23.6 minutes, suggesting ample employment opportunities in South Glastonbury. Most Dangerous Neighborhoods in Washington DC. It has a population of 33,900 residents. Other areas of wealth in the state include suburbs surrounding New Haven and Hartford, as well as pockets of Litchfield County . Redding has a median home sales price of $1,030,000 and a median household income of $138,125. Greenwich is synonymous with luxury real estate and wealth. West Simsbury, CT Annual household income: $109,590, 19. The city has magnificent homes with long driveways accessible through winding country roads and beautiful landscapes. Read on to discover the 14 richest towns in Connecticut in 2022. 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 most charming small towns in Connecticut are perfect for a day trip or a new home. Home to some of the most affluent residents in Connecticut, Westport has a median household income of $206,466. Rentals are much higher than most, with an average of $2,443 per month for non-homeowners. Old Greenwich Annual household income: $222,794, 2. Fairfield. Demographic studies show that 81.64% of the residents are white; however, only 42.4% of the children in the public schools are white, suggesting that the city is starting to diversify its demographic Population. Its a medium-sized town that has grown to become one of the most desirable places to live in Connecticut. California was the most represented with 23 cities and towns making the list. Its smaller than Ridgefield but slightly more affluent. However, it is true that overall, the Nutmeg State is richer than most. The town has attracted the rich and famous . Suburbs 101 confirms that Riverside is a wealthy suburb of the Town of Greenwich. Gov. 22 overall, with average household income at $270,222. Want to learn more about Darien? Most of the residents have gainful employment with high-paying jobs. If the thought of paying $868,200 for a home makes you feel queasy, you might want to give Weston a miss. Look here. As to which are the very wealthiest, find out now as we count down the 10 richest cities in Connecticut. Its also far below the national average rate of 3.9%. Weston residents live a good work-life balance with an average commute time of 42 minutes. 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. Darien residents are well educated with 83% of residents having obtained a bachelors degree or higher. It is a Fairfield County city home to many wealthy residents who enjoy private country clubs, yacht clubs, and pristine beaches. Love Connecticut? 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.
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