richest towns in connecticut

In fairness, the high prices arent unjustified. Redding, Connecticut, is a small city with a population of 9,110. They found this lovely old city during the Covid-19 pandemic and relocated for a safer and serene place to live. Fairfield. The most affluent settled in the area to enjoy its beautiful beaches and other luxury amenities. Source: US Internal Revenue Service - 2018. With its quaint downtown, beautiful homes, and friendly people, its no wonder that Ridgefield was named one of the top 100 small towns in America by Money magazine! 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. 79.4% of the community are US-born citizens, with 11.73% born in other countries. 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. Old Greenwich enjoys a low crime rate and excellent public schools. However, the average house prices range from $1,5 million to $3 million. The 2010 Census revealed a growth from 6.751 residents to 7,150, showing that the town is gaining its population base. Renting is a little cheaper, but not by much expect to part with around $1,886 per month for an apartment. South Glastonbury, CT Annual household income: $135,596, 18. What are the most charming small towns in Connecticut? 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. According to homes.com, Ridgefield is one of the most expensive places in Connecticut to buy a home. The oldest towns in Connecticut are perfect places to visit for those who love learning about history. Its also far below the national average rate of 3.9%. Riverside is home to some of the most affluent residents of Connecticut with a median household income of $215,791. Matter of fact, its because there are a bunch of well-to-do people that call this New England state home. The Census ranks individual city wealth by a formula that averages the household incomes, including the adjusted gross income and the average household income. 91.82% of the Population is white, with 87.8% white students in the public school system. Married families in Ridgefield average an annual household income of 182,679, but the average is over $206k. While the income number is higher than that of Milford, the higher unemployment rate of 7.9% gives this city a solid second place. The town is also home to many hedge fund managers, bankers, and lawyers. 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. South Glastonbury is a small town with a growing population ranging from 4848 to 5651. Counties [ edit] The town center village is listed as a historic district on the National Register of Historic Places. Learn how your comment data is processed. Most of the townspeople hold bachelors degrees or higher. Fairfield County is very close to New York City. Most residents have at least a bachelors degree or higher and drive an average of 42 minutes to get to work. The city deserves its spot on the list as its well above the average US income. Easton is a cute little city located just a short hop, skip, and a jump away from the amenities and attractions of the New York City metro area. Darian If you want to live in Darian, you'd better start saving. Weston is one of the most affluent towns in Connecticut with winding country roads and highly regarded schools. Old Greenwich residents live a good work-life balance with an average commute time of 38 minutes. Fairfield offers many different types of housing options including condos, apartments, townhomes, and single-family homes. It's also very well educated, with over half of its residents having a college degree. Groton rounds out the list of richest cities in the number ten spot. Fairfield is one of the richest towns and among the best places to live in Connecticut. And that makes living in the state expensive. Let's go! There are also several golf courses in town that draw a lot of people from around the world. 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. Home to some of the most affluent residents of Connecticut, Darien has a median household income of $232,523. Westport is a very desirable place to live as it ranks highly for safety. Home to over 136,309 people, Stamford is the richest city in Connecticut. People who suffer from the pain and discomfort of arthritis can improve their symptoms by avoiding certain climates. 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. The homes in Darien are primarily owner-occupied (87%) with only 13% rentals. Its a medium-sized town that has grown to become one of the most desirable places to live in Connecticut. Depending on individual tastes, personal circumstances, and the stage of life a person is at, everyone has different criteria in terms of what makes a great place to live. It has an average household income of $234,152 and 6,611 residents. 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. The next richest town in Connecticut is Ridgefield. (Infographic), What are the Highest Paying Jobs in Connecticut? Newtown Borough is being credited as the richest town in the state of Connecticut. Old Greenwich is home to some of the wealthiest Connecticut residents. Love Connecticut? Cos Cob is one of the wealthiest communities in Connecticut with a median home sales price of $1,312,000. Dana has extensive professional writing experience including technical and report writing, informational articles, persuasive articles, contrast and comparison, grant applications, and advertisement. This is our tenth time ranking the richest cities in Connecticut. The unemployment rate is 3.2%, compared to the Fairfield County unemployment rate of 5.2%. 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. Its median income is $58,717. Its located in Fairfield County under the 06896 zip code, sharing a border with Danbury and Georgetown. 87% of the residents own their homes, and just 13% rent. Test performance scores in public schools are ranked as excellent. Darian, CT Annual household income: $232,523, 1. Darians median home value sits at around $1.7M thats more than double the national average. 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. Its the basis on which we chose the 20 richest towns in Connecticut, and the results might surprise you. Westport, CT Annual household income: $222,535, 4. It is a Fairfield County city home to many wealthy residents who enjoy private country clubs, yacht clubs, and pristine beaches. 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. The town has a population of about 10,278 (2020) people and has a median age of 42 years old. 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. 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. Westport is in the top five most affluent cities in Connecticut for 2022. The town is full of greenery and offers residents a tranquil vibe. 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". 20% of the residents pay rent, with 80% owning their homes. 1. However, test score performance in the public school system gets a poor ranking. Suburbs 101 confirms that Riverside is a wealthy suburb of the Town of Greenwich. However, if you want to experience a slower rhythm of life in one of the richest towns in Connecticut, youll need to be prepared to pay up, as home prices are costly. Riverside residents live a good work-life balance with an average commute time of 37 minutes. The richest town in Connecticut is Darien, with a median household income of $251,200. 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. With a median income of $187,917 and a median home value of $703,200, this is a city of big paychecks, big houses, and big cars. We love the detailed statistics that give us a clear snapshot of the socioeconomic dynamics of the city. Head to, Natalie is a writer and travel enthusiast who loves uncovering new places along the East Coast. New Canaan is one of the wealthiest towns in Connecticut with a median sales price of $1,155,000. 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. 6. The most charming small towns in Connecticut are perfect for a day trip or a new home. 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. Learn more about the Homesnacks methods that were used to collect the data and how the statistics were calculated. 2015-2023 Chasing Chains, LLC. The median household income is just over $190K per year. Its capital is Hartford, and its most populous city is Bridgeport. A wealthy enclave on Connecticut's Gold Coast, Greenwich is consistently ranked as one of the richest cities in America. If you dream of the quiet life, its ideal. New Cannan, CT Average household income: $200,203.00 Living in New Canaan is like being surrounded by family. 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. New Canaan is situated right next to Darien and is also one of the richest towns in Connecticut. With fancy city names like Windsor and Danbury, Connecticut seems to ooze wealth around every corner. 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. Download The Entire Connecticut Ranking Data. 1. Wilton, CT Annual household income: $193,292, 9. The median income in Danbury is $67,430 helping to secure its 5th place ranking. Other areas of wealth in the state include suburbs surrounding New Haven and Hartford, as well as pockets of Litchfield County. The Community Trail runs along the Long Island Sound and is a great place to walk or ride your bike. 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. With 733 . Easton is a great place to raise a family because it has a good school system. Located in Fairfield County, Westport is an affluent town with beaches, private Country Clubs, and Yacht Clubs. COS COB is a Fairfield county city that extends to the border of the Stamford city limits. The average price of a home is $611,500, nearly three times the national average. Westport has a thriving luxury real estate market with the median sales price in Westport at $1,796,000. 10. Its an Upper-Middle-Class town with a median household income of just under $141K. Its smaller than Ridgefield but slightly more affluent. The upside to all those sky-high prices is a median income that ranks as one of the highest in the state. Its safe, with a low crime rate. The Population is 8,843 in this close-knit community. 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 also home to some of the most expensive homes in the state. 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. Her academic degrees include AA social Sci/BA English/MEd Adult Ed & Community & Human Resource Development and ABD in PhD studies in Indust & Org Psychology. Riverside also offers residents a quick commute into NYC. and 10 Reasons to Move to Greenwich, CT. Wilton is recognized as one of the wealthiest towns in Connecticut with a median household income of $209,635. Southport is an affluent town in Connecticut. Most of the properties in Riverside are primarily owner-occupied (80%) with only 20% rentals. 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. 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. 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. California was the most represented with 23 cities and towns making the list. Want to learn more about Darien? The median income in Bristol is $61,551 while the unemployment rate is 7.8% and the poverty rate is 10.3%. It is bordered by Rhode Island to the east, Massachusetts to the north, New York to the west, and Long Island Sound to the south. The unemployment rate is slightly higher at 3.6%, with the average commute time for workers at 31.3 minutes. Riverside residents are well educated with 73% of residents have obtained a bachelors degree or higher. Thats right, folks, the Gold Coast didnt get its name because gold was found on Connecticuts beaches. School test performance scores are above average, and 9.2% of students are eligible for free or reduced lunches at school. Some work at private companies and governmental institutions. Located in Fairfield County, Darien residents have it all- pristine beaches, private Country Clubs and Yacht clubs, a charming downtown, and an easy train ride to NYC. 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. In addition to having a high income, Wilton residents also have a very low poverty rate at just 2.4%. Weston is in Fairfield County. Essex Village is a highly desirable community to live in for the affluent. Its also very well educated, with over half of its residents having a college degree. 89.3% of the homes are occupied by their owners, with 10.7% as rentals. 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 states Atlantic coast is to the east, while the Gulf of Mexico coastline is to the west. To keep this list focused on city-sized spots, only communities with more than 9,000 people were considered, including the lovely Norwalk, Connecticut. Fairfield County town is one of the most desirable places to live if you have the financial means. Wilton is undoubtedly a wealthy community and one of the top ten richest in the state of Connecticut for 2022. The town has a high concentration of people from New York City who commute to work here by train or car. Woodbridge, CT Annual household income: $205,541, 7. Most Dangerous Neighborhoods in Washington DC. Connecticut has for many years been labeled the richest state in the nation because of its highest-in-the-nation per capita income, but that may be rapidly changing according to figures from the U.S. Bureau of Economic Analysis. And out of all the towns in Connecticut, none are wealthier than Greenwich in Fairfield County. The towns population is under 21,742 people, yet it is home to at least seven country clubs and three golf courses. Its come a long way in the past 10 years since the last Census. Four Connecticut towns made the top 50 list (well, three. This site uses Akismet to reduce spam. Darien is a small town on Connecticut's gold coast that is home to approximately 6,759 people. Look here. Wilton is undoubtedly a wealthy community and one of the top ten richest in the state of Connecticut for 2022. Shelton places in the number two spot with a median income of $87,277. Shelton. The Population is 27,141, with an average rent of $2,724 if youre not a homeowner. 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. Old Greenwich has a population of 6,962 and a median household income of $222,794. With a median household income of $129,919, it is home to approximately 25,033 people. Above is a fundraiser at the famous Glass House in New Canaan. Be sure toFollow Us on Instagram,Like Us on Facebook, Subscribe to our YouTube Channel,and subscribe to ourMonthly Newsletter. The unemployment rate, as of 2022, is 3.3%, far lower than the state unemployment rate of 4.1%. 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. The small community has a population of 7,586 residents. Only 16 states were represented in the top 100. An average home value of just a little under $800,000 might seem like a fortune to most of us, but to the residents of Wilton, its little more than small change, at least if the median income of $193,292 is anything to go by. Suburbs 101is an insiders guide to suburban living. A comprehensive list of Connecticuts top 10 richest cities, ranked according to median income and other key indicators of wealth. The unemployment and poverty rates are 6.3% and 11.4% respectively. Most of the residents are of white ethnicity, with only 6.1% of students in the public schools eligible for free or reduced lunch. 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. Home to some of the most affluent residents in Connecticut, Westport has a median household income of $206,466. As one of the Nutmeg state's oldest towns, it also represents one of the richest. Expensive homes and big salaries arent the only things the population of this small city get to enjoy: with New York City just a stones throw away, a close-knit community, prestigious schools, safe streets, and plenty of green areas, its every bit as desirable as it is wealthy. In Old Greenwich, homes are primarily owner-occupied (84%) and only 16% of homes in Old Greenwich are rentals. What is it like to live in Greenwich, CT. Until the federal government takes its regulatory role seriously and uses the big stick that it has, corporations will attempt to self-regulate M&T urged to end 'banking desert' in Bridgeport neighborhoods, 'Candlewood' horror movie drops trailer inspired by local urban legends, Four Fairfield businesses fail February health inspections, Warrant: Ex-New Fairfield 'lunch lady' sent nude images to student on Snapchat for months before sex assault, Police make up 19 of Trumbull's top 20 highest paid employees, Former CT girls soccer coach pleads guilty to sexually assaulting player, Bridgeport man broke into Norwalk homes while families slept inside, warrants said, The Best Private High Schools Near Stamford, The Best Private Preschools Near New Haven, Guide to Legal Cannabis Dispensaries in CT, Why CT waits for $95 million from OxyContin maker Purdue Pharma, HUSKY Health is helping immigrants. Located on Long Island Sound, Southport is a charming seaside community with a vibrant downtown area and beautiful beaches. So, want to know where its just as difficult to Keep up with the Connecticuters as it is The Kardashians? Home prices in town are also high, ranging from $500,000 to $4,000,000. 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). Unfortunately, however, there can be only one Connecticut place thats worthy of the HomeSnacks crown. 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. It also has a number of highly rated public and private schools, which can be a major plus for families with children. 96% of the residents are homeowners with a median home value of $868,200. If you plan to buy a home in New Canaan, the average price is $1.36 million. Its one of the areas wealthiest communities, with the median annual household income at over $215k. 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. Residents enjoy a short train ride to New York City for shopping and entertainment, then return to the safety and comfort of this beautiful community. . (and lowest paying jobs). Liz Flynn has worked as a full-time writer since 2010 after leaving a career in education. 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 city has magnificent homes with long driveways accessible through winding country roads and beautiful landscapes. You can find out more about him on LinkedIn or his website. Most of Connecticut's wealth is concentrated in Fairfield County, which contains many affluent suburbs in Connecticut. The Population for 2020 was 1,797, but it has grown to 1,839 for 2022. We aim to deliver bite-sized pieces of infotainment about where you live. HomeSnacks is reader-supported. Its a great place to raise kids, with top-rated schools and safe streets. 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. There are many factors that go into determining how rich or poor an area in Connecticut is, and the typical residents income can vary greatly from one place to another. Fairfield County's Norwalk, CT is the third richest city in the Nutmeg State. 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. Located in Fairfield County, Westport is an affluent town with beaches, private Country Clubs, and Yacht Clubs. Its a desirable place to live if you can afford the costs. It has a population of 27,141. Want to know where Connecticuts 17 billionaires and 122,000 millionaires live? The poverty rate is remarkably low at 1.12%, with median rent at $1,832 per month. Woodbridge is another wealthy Connecticut town. Theres usually something going on for recreation and entertainment in the town and surrounding areas. Because it is a coastal town, you can spend most of your time on the beach and in natural parks. Fairfield County towns have made yet another list of the richest places in the U.S.

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