The average adjusted gross income is $222,660. Connecticut's neighboring towns of Greenwich and Darien have a combined population of around . Visit Bloomberg for the full report. Located on Connecticut's Gold Coast, Greenwich is a financial powerhouse and also an exciting place to visit. Most Dangerous Neighborhoods in Washington DC. However, test score performance in the public school system gets a poor ranking. You'll receive your first newsletter soon! However, it is true that overall, the Nutmeg State is richer than most. Theres a premium on living in a safe neighborhood with all the trappings of a luxurious existence. There are also several golf courses in town that draw a lot of people from around the world. Education Levels According to Area Vibes, the cost of living in Westport is 82% higher than the Connecticut average. 10. Westport residents live a good work-life balance with an average commute time of 44 minutes. Fairfield County is very close to New York City. Norwalk, CT, USA 4. Unfortunately, however, there can be only one Connecticut place thats worthy of the HomeSnacks crown. 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. And if you want to know where these wealthy Connecticutors live, take a look below at HomeSnacks list of the richest places in The Constitution State for 2023. The average commute time for workers is 26.5 minutes, suggesting plenty of local jobs in the citys economy. It's also home to the state's only national historic site, Weir Farm. Wealthiest Towns in CT Final - Suburbs 101. If you dream of the quiet life, its ideal. Some haulers caught, Arming guidance counselors? New Canaan has a small-town feel with big-city amenities. 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. Old Greenwich Annual household income: $222,794, 2. It's also very well educated, with over half of its residents having a college degree. If more people are employed, the richer the future looks. 91.82% of the Population is white, with 87.8% white students in the public school system. 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. All Rights Reserved. California was the most represented with 23 cities and towns making the list. Related: The 10 Wealthiest Neighborhoods in San Francisco. The median household income in Wilton is $204,473 which is over twice as much as the state average of $79,043. The average family home retails for a massive $611,500, almost three times the national average. Connecticut is the wealthiest state in the United States of America in terms of per capita incomes and wealth. With fancy city names like Windsor and Danbury, Connecticut seems to ooze wealth around every corner. Its among the top ten. The largest city in Litchfield County, Torrington, grabs the number eight spot. Isn't it grand to see Granby here in the top ten safest places in Connecticut. Woodbridge is another wealthy Connecticut town. The bright side? In terms of per capita income, it beats the nearest competition by a huge margin of almost $4000. 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. The town has a thriving arts community and many of its residents are involved in local government or volunteer activities. The median income is $80,896. Atherton, CA topped the list. Riverside also offers residents a quick commute into NYC. We begin our exploration of the best places to live in Connecticut for 2022 with Shelton, a city of 41,162 located between Bridgeport and New Haven. Home to some of the most affluent residents in Connecticut, Westport has a median household income of $206,466. Related: The 10 Wealthiest Cities In New York. The streets are safe, and the schools are highly rated. 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. The majority are white-collar workers, just 4.96% in the blue-collar classification. The average home value is $1,561,200, with 84% of the residents owning their own homes. Easton has a thriving downtown area with many restaurants, shops, and entertainment options. A Bloomberg report is out on the 100 richest towns in America, and four towns in Connecticut made the list. Check them out: What are the oldest towns in Connecticut? It is a Fairfield County city home to many wealthy residents who enjoy private country clubs, yacht clubs, and pristine beaches. Above is a fundraiser at the famous Glass House in New Canaan. Darien has a population of 21,499. To see the other wealthy places that made this list, take a look below. If you plan to buy a home in the city, the median home value is $330,100. 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. 96% of the residents are homeowners with a median home value of $868,200. Its a great place for families and young professionals to live. 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. Suburbs 101 confirms that Riverside is a wealthy suburb of the Town of Greenwich. Its also one of the most expensive places to live in the country, with a median home price of over $1.5 million. Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. Youll find a community of 1,300 Wall Street execs and affiliates living in Old Greenwich, Connecticut. Old Greenwich enjoys a low crime rate and excellent public schools. It has an active social scene and boasts an impressive collection of restaurants, shops, and entertainment venues. It has an average household income of $204,792, and the home prices range between $600,000-$800,000. 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. And out of all the towns in Connecticut, none are wealthier than Greenwich in Fairfield County. Read More The 20 Safest Places To Live in TennesseeContinue, If you dont know what a HELOC is, dont feel stupid. The average value of a home is just under $800,000, which is on par with the average household income. Westport is one of the wealthiest towns in Connecticut. School test performance scores are above average, and 9.2% of students are eligible for free or reduced lunches at school. Its quiet, with a population density of just over 2,000 people per square mile about half that of New York City. 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. They found this lovely old city during the Covid-19 pandemic and relocated for a safer and serene place to live. 20. According to the report, the four towns are Darien, Old Greenwich, Riverside, and . Avon is the home of 1,206 entrepreneurs. The Population for 2020 was 1,797, but it has grown to 1,839 for 2022. All of these towns are located not too far east of Greenwich . Essex is situated near the Connecticut river, a few miles north of some of the states best beach towns. Love Connecticut? Rentals are much higher than most, with an average of $2,443 per month for non-homeowners. 89.3% of the homes are occupied by their owners, with 10.7% as rentals. 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. What is it like to live in Greenwich, CT. 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. 22 overall, with average household income at $270,222. 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. Related: The 10 Wealthiest Cities In North Carolina. Numerous tech billionaires have called the town home, including Googles Eric Schmidt, Facebooks Sheryl Sandberg and Microsofts late co-founder Paul Allen.". If you can afford a mortgage, its the better way to go in Fairfield. The oldest towns in Connecticut are perfect places to visit for those who love learning about history. Its one of the areas wealthiest communities, with the median annual household income at over $215k. Westport has a thriving luxury real estate market with the median sales price in Westport at $1,796,000. 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. The Gold Coast, also known as Lower Fairfield County or Southwestern Connecticut not limited to the Connecticut panhandle, . The median income in Danbury is $67,430 helping to secure its 5th place ranking. 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. Below is a list of the wealthiest towns in Connecticut. Darian will be the second wealthiest city in Connecticut in 2022. We use data, analytics, and a sense of humor to determine quality of life for places across the nation. Westport is one of the wealthiest towns in Connecticut. Want to learn more about Weston? If youre planning a move to Tennessee, then youll be happy to know that there are some areas that are among the most beautiful in scenery as the landscape changes from one season to another. Wilton, CT Annual household income: $193,292, 9. Wilton is undoubtedly a wealthy community and one of the top ten richest in the state of Connecticut for 2022. The average household income umped over $20k, but the cost of housing has also risen in this desirable community. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks. 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. The average commute time from home to work is 23.6 minutes, suggesting ample employment opportunities in South Glastonbury. [1] All data is from the 2010 United States Census and the 2011-2015 American Community Survey 5-Year Estimates.[2][3]. Weston, CT Annual household income: 222,535, 3. If you want to live in Darian, youd better start saving. Westport is one of the richest towns in Connecticut with a median household income of $222,375. According to the most recent data, the number of people living in Ridgefield has decreased by 0.7% since 2020. Liz Flynn has worked as a full-time writer since 2010 after leaving a career in education. Cos Cob is one of the wealthiest communities in Connecticut with a median home sales price of $1,312,000. OnlyInYourState may earn compensation through affiliate links in this article. The downtown area is quaint and charming with plenty of restaurants, shops, and entertainment options. Her works have been featured on Good Housekeeping,Next Luxury,Wanderlog,NurseJournal,NewsBreak,ThaiWare,and Yahoo. Grace Duffield / Hearst Connecticut Media file photo 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. Its less ideal, however, if your bills are already bigger than your income. 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). Southport isnt the kind of city where keeping up with the neighbors comes cheaply. Essex Village, CT Annual household income: $172,302, 12. The town is also home to many hedge fund managers, bankers, and lawyers. The next richest town in Connecticut is Ridgefield. Whenever any publication compiles a list of Americas richest cities, theres one name you can always count on seeing Old Greenwich. If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already. 1. 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 unemployment rate, as of 2022, is 3.3%, far lower than the state unemployment rate of 4.1%. South Glastonbury, CT Annual household income: $135,596, 18. South Glastonbury is a small town with a growing population ranging from 4848 to 5651. The schools are among the best in the state, making them the ideal place to raise a family. Fairfield, CT Annual household income: $139,122, 16. Four of the top 20 are places in New York, including Brookville village. Get more stories delivered right to your email. The benefits of living in this city are numerous, such as good schools, safe neighborhoods, and overall great lifestyle quality. 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. Known for its luxury waterfront homes, Old Greenwich has a median sales price of $2,063,000. Riverside has a population of 8,843. The average age of residents is between 56 to 57 years, with a white demographic of 89.65%, 5.26% for people claiming mixed race ethnicity, 3.57% African American and 1.54% Asian American. Save my name, email, and website in this browser for the next time I comment. The average commute time from home to work is 31 minutes. Home prices in town are also high, ranging from $500,000 to $4,000,000. 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 median sales price is residential sales data for 12 month period ending January 2023. 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. The Population is 27,141, with an average rent of $2,724 if youre not a homeowner. Point 2 Point Homes picked up on the city of Avon, whereas many other demographics lists didnt give them a second look. The unemployment rate is 3.2%, compared to the Fairfield County unemployment rate of 5.2%. The remaining six wealthy Connecticut communities, all in Greenwich, in order are. As a sign of just how rich this coastal Connecticut city is, the median income is a massive $321,377. The states Atlantic coast is to the east, while the Gulf of Mexico coastline is to the west. With a median household income just shy of a quarter-million a year, Darian is an exclusive place to live. 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. The median household income is $99,791, and the average home price is $672,000. Redding, Connecticut, is a small city with a population of 9,110. Renters pay an average of $1,361 per month. It is an affluent community with a population of 18,503 people, and 75.1% of its residents have attained a bachelors degree or higher, reflecting an educated community. And that makes living in the state expensive. Fairfield County towns have made yet another list of the richest places in the U.S. 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. 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. We love the detailed statistics that give us a clear snapshot of the socioeconomic dynamics of the city. Fairfield is a moderate-sized city in Fairfield County. 2015-2023 Chasing Chains, LLC. It has a great location, close to major highways and a short drive from New York City. The town has attracted the rich and famous . 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. Name Census collected information for the past five years and breaks the average income levels by age group. People who live and work in Easton have a slightly higher income level. 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. Here are the wealthiest towns in Connecticut. Want to learn more about Darien? This site uses Akismet to reduce spam. the average home value is $1,471,700. The median income in Bristol is $61,551 while the unemployment rate is 7.8% and the poverty rate is 10.3%. Jobs are plentiful in the area, with the working Population gainfully employed except for just 3.5%. Ridgefield, CT Annual household income: $206,560, 6. According to homes.com, Ridgefield is one of the most expensive places in Connecticut to buy a home. Ridgefield is also home to several conservation areas and preserves that provide a haven for wildlife such as deer, foxes, wild turkeys, and hawks. Fairfield. The median household income is just over $190K per year. Old Greenwich residents are well educated with 80% of residents have obtained a bachelors degree or higher. Living there isnt cheap, though. 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. 20 Cities with the Worst Weather in the U.S. How Eiza Gonzalez Achieved a Net Worth of $5 Million. Dariens median home value is $1,654,00. There are many things to do including going to the beach and shopping at the local malls. The upside to all those sky-high prices is a median income that ranks as one of the highest in the state. Newtown Borough is being credited as the richest town in the state of Connecticut. The average home value is $466,000, making it one of the more affordable rich neighborhoods to buy a house. With 733 . The median household income at Cos Cob is $138,125. The median home value in Easton is over $772,758 making it one of the most expensive places to live in Connecticut. 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. That ratio steadily has been. The unemployment rate is slightly higher at 3.6%, with the average commute time for workers at 31.3 minutes. The local school system is also amongst the best in the state. Fairfield offers many different types of housing options including condos, apartments, townhomes, and single-family homes. It is a very safe town surrounded by greenery. It has a population of 33,900 residents. Learn more about the Homesnacks methods that were used to collect the data and how the statistics were calculated. If you plan to buy a home in New Canaan, the average price is $1.36 million. Weston residents are well educated with 78% of residents having obtained a bachelors degree or higher. 9. Its median income is $58,717. Currently, Lee is practicing the smidgen of Chinese that he picked up while visiting the Chinese mainland in hopes of someday being able to read certain historical texts in their original language. The unemployment rate tries to capture the prospects for more people to become rich. (and lowest paying jobs). The city is in Fairfield County, with Census Bureau statistics that list the racial majority as 89.61% white, with similar demographics in the public schools. Being a coastal city, citizens have plenty of opportunities to spend their free time. Despite its high per capita income, Connecticut is mainly a middle-class state. Thats right, folks, the Gold Coast didnt get its name because gold was found on Connecticuts beaches. Darien Profile Page with Infographics. If you choose to rent an apartment, expect to pay an average of $1,866 monthly. Darien The richest town in Connecticut is Darien, with a median household income of $251,200. Counties [ edit] Weston is one of the richest towns in Connecticut with a median household income of $207,863. Wilton is also known as the village because of its quaint feel with many historic homes and buildings. Most of the residents are of white ethnicity, with only 6.1% of students in the public schools eligible for free or reduced lunch. Connecticut ( / kntkt / ( listen)) [10] is the southernmost state in the New England region of the Northeastern United States. 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. Essex is another one of the richest towns in Connecticut. West Simsbury, CT Annual household income: $109,590, 19. Haub, who took over the company after the death of his brother, Karl-Erivan, is now worth an estimated $2.9 billion. 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. Its a small, charming seaside community in the Town of Greenwich with a population of 6,873. 45.7% of the children in public schools are eligible for free or reduced lunch programs. Old Greenwich is one of the richest Neighborhoods in Connecticut with a median household income of $238,750. Four Connecticut towns made the top 50 list (well, three depending on how you look at it): Darien, Old Greenwich, Riverside (Greenwich) and Westport. You can download the data here. 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. When Does a Seller Get Their Money After Closing on a House? 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. This is our tenth time ranking the richest cities in Connecticut. A relatively small town, it offers the opportunity of doing great outdoor activities. 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. Its an Upper-Middle-Class town with a median household income of just under $141K. 14 Richest Towns in Connecticut Darien Riverside Westport Old Greenwich Wilton Weston Greenwich Southport New Canaan Avon Ridgefield Stamford Woodbridge Essex 1. There are also several public parks located throughout Fairfield that offer great recreational opportunities such as tennis courts, baseball fields, basketball courts, and playgrounds for kids! However, we dont believe that one statistic wholly encompasses what it means to be one of the richest places. Newtown Borough is being credited as the richest town in the state of Connecticut. The second wealthiest town in Connecticut is Riverside. This affluent community is the home of 18,410 residents with an average age of 45 years, with slightly more females than males. Most homes were built in 1965 when the community saw its largest growth spurt. Easton is a great place to raise a family because it has a good school system. 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 home to some of the most expensive homes in the state. The town is also known for having excellent public schools. 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. Married families in Ridgefield average an annual household income of 182,679, but the average is over $206k. List of 25 Wealthiest Zipcodes in Connecticut; Rank Map Key Zipcode Zip Name County Adjusted Gross Income Median Household Income; 1: 06878: Riverside: Fairfield: $740130: 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. Old Greenwich has a population of 6,962 and a median household income of $222,794. 20% of the residents pay rent, with 80% owning their homes. The climate is better for persons with allergies, asthma, and other respiratory conditions. Learn how your comment data is processed. Theres usually something going on for recreation and entertainment in the town and surrounding areas. Theres a reason this state is one of the richest in the country. Whether you have money to burn or are living on a budget, everyone enjoys these free activities in Connecticut. Also in Fairfield County, the waterfront city of Stamford is ranked 4th on the list. 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 city has grown over the past decade, increasing from 8,223 residents to 9,110. You can learn more about the top ten below or skip to the end to see the rankings for all 21 places. With a median household income of $1,471,700, this is no place for people on a shoestring budget. 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? Well, HomeSnacks crunched the numbers and discovered that Stamford is the most expensive place to live in Connecticut. The average home value is $1,150,400. The town also boasts one of the best school systems in all of Connecticut! The third on the list is Westport. CT proposal causes confusion, concern. This time the list is from Bloomberg. A town covered in vibrant nature, Avon is one of the richest towns in Connecticut. In 2018, the average household income in its Old Greenwich. There are plenty of shopping and fine dining venues in Riverside. 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. Its safe, with a low crime rate. The town has a population of about 10,278 (2020) people and has a median age of 42 years old. Darian, CT Annual household income: $232,523, 1. Most websites that report demographics for Connecticut list Darian, as the richest city in the state, but World Population confirms that Southport jumped into the number one spot with an incredible average household income of $310,831. Greenwich had a median household income of $180,484 in 2021 and is known as one of the richest cities in America. The unemployment rate is low compared to the state average, and commuters spend an average of 44 minutes driving to work. The current Population is 2,601, with an annual growth rate of 0.35%. There are many things that families love about living in Wilton including its great school system, safe neighborhoods, and access to shopping centers. New Canaan is expensive, even by Connecticut standards: The median home value is $1.9M, compared to $350,897 for the state overall.
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