You can learn more about the top ten below or skip to the end to see the rankings for all 21 places. This affluent community is the home of 18,410 residents with an average age of 45 years, with slightly more females than males. Stamford is situated only 30 miles north of NYC, so it offers residents unparalleled access to the city. Most residents have at least a bachelors degree or higher and drive an average of 42 minutes to get to work. The next town on this list is Wilton. If you live in, Fairfield County's Norwalk, CT is the third richest city in the Nutmeg State. Riverside also offers residents a quick commute into NYC. Related: The 10 Wealthiest Neighborhoods in San Francisco. Some haulers caught, Arming guidance counselors? Old Greenwich is one of the richest Neighborhoods in Connecticut with a median household income of $238,750. The fourth wealthiest town in Connecticut is Old Greenwich. Despite its high per capita income, Connecticut is mainly a middle-class state. The schools are excellent and the town is beautiful, with tree-lined streets and old-fashioned townhouses. Only 4% of the homes in the community are available for rent. And that makes living in the state expensive. The high demand is getting harder to find places for sale. Its a desirable place to live if you can afford the costs. The town has a population of about 10,278 (2020) people and has a median age of 42 years old. . 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. It is also one of the most expensive places to live in the country, with a median home value of $1,051,014. The climate is better for persons with allergies, asthma, and other respiratory conditions. The staggering low unemployment rate for 2022 is 0.4%, far below the county, state, and national averages for unemployment rates. 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. Gov. And if you have some time on your hands, take a look at how the other 99% live in Connecticuts poorest places. Its capital is Hartford, and its most populous city is Bridgeport. Fairfield, CT Annual household income: $139,122, 16. Its an Upper-Middle-Class town with a median household income of just under $141K. The unemployment rate in this city is 10% and the poverty rate is 9.6%. 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. Redding has a median home sales price of $1,030,000 and a median household income of $138,125. With salaries like that, most residents are having no problem in keeping up with those monster mortgage re-payments. Its also home to some of the most expensive homes in the state. Renters pay an average of $1,361 per month. 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 largest city in Litchfield County, Torrington, grabs the number eight spot. Youll find parades, festivals, and occasional pop-up art exhibitions. Westport residents live a good work-life balance with an average commute time of 44 minutes. 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.. Newtown Borough is being credited as the richest town in the state of Connecticut. The median income is $80,896. School test performance scores are above average, and 9.2% of students are eligible for free or reduced lunches at school. Fairfield is one of the richest towns and among the best places to live in Connecticut. COS COB is a Fairfield county city that extends to the border of the Stamford city limits. The average renter pays $2,336 per month. California was the most represented with 23 cities and towns making the list. (Infographs), What are the Highest Paying Jobs in New Jersey? New Canaan is situated right next to Darien and is also one of the richest towns in Connecticut. 14 Richest Towns in Connecticut Darien Riverside Westport Old Greenwich Wilton Weston Greenwich Southport New Canaan Avon Ridgefield Stamford Woodbridge Essex 1. The upside to all those sky-high prices is a median income that ranks as one of the highest in the state. According to the most recent data, the number of people living in Ridgefield has decreased by 0.7% since 2020. Head out on a fun getaway to these spots: Thank you! The towns population is under 21,742 people, yet it is home to at least seven country clubs and three golf courses. Its a small, charming seaside community in the Town of Greenwich with a population of 6,873. Old Greenwich residents are well educated with 80% of residents have obtained a bachelors degree or higher. Above is a fundraiser at the famous Glass House in New Canaan. The benefits of living in this city are numerous, such as good schools, safe neighborhoods, and overall great lifestyle quality. Theres a premium on living in a safe neighborhood with all the trappings of a luxurious existence. Married families in Ridgefield average an annual household income of 182,679, but the average is over $206k. Jobs are plentiful in the area, with the working Population gainfully employed except for just 3.5%. And out of all the towns in Connecticut, none are wealthier than Greenwich in Fairfield County. Darien has a population of 21,499. Most of the townspeople hold bachelors degrees or higher. The average adjusted gross income is $222,660. Darien The richest town in Connecticut is Darien, with a median household income of $251,200. The average home value is $650,400. It is a charming seaside neighborhood that is in the Town of Greenwich with waterfront homes and private beaches. You can download the data here. With a population of 63,518, Greenwich is an upscale community with a median household income of $180,44. Renting is a little cheaper, but not by much expect to part with around $1,886 per month for an apartment. Home to some of the most affluent residents of Connecticut, Weston has a median household income of $222,535. Easton has excellent schools both public and private schools are available. The median sales price of homes in Riverside is $834,000. Other areas of wealth in the state include suburbs surrounding New Haven and Hartford, as well as pockets of Litchfield County . The median sales price is residential sales data for 12 month period ending January 2023. Old Greenwich is a perfect place to live if youre looking for an upscale quiet community with excellent schools, but its not exactly pedestrian friendly when it comes to getting around town! The average value of a home is just under $800,000, which is on par with the average household income. 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. Darian will be the second wealthiest city in Connecticut in 2022. A wealthy enclave on Connecticut's Gold Coast, Greenwich is consistently ranked as one of the richest cities in America. The Easton School District offers many different programs including art, music, and sports. Save my name, email, and website in this browser for the next time I comment. Westport is in the top five most affluent cities in Connecticut for 2022. The 2010 Census revealed a growth from 6.751 residents to 7,150, showing that the town is gaining its population base. In terms of per capita income, Connecticut is the richest state in the United States of America. 9. Its one of the areas wealthiest communities, with the median annual household income at over $215k. 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. $55,137 is the median income in this city while the unemployment and poverty rates are 7.5% and 13.4% respectively. 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. In addition to having a high income, Wilton residents also have a very low poverty rate at just 2.4%. Most of the properties in Riverside are primarily owner-occupied (80%) with only 20% rentals. Only 15% of the residents rent because most people there are homeowners. 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. Related: The 10 Wealthiest Cities In California. Despite its small size, it is home to 18,932 people. The town is also home to many hedge fund managers, bankers, and lawyers. Matter of fact, its because there are a bunch of well-to-do people that call this New England state home. Editors Note: Data has been updated for 2023. 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. Grace Duffield / Hearst Connecticut Media file photo Greenwich is synonymous with luxury real estate and wealth. 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. When Does a Seller Get Their Money After Closing on a House? The median household income at Cos Cob is $138,125. Love Connecticut? It is located about 29 miles northeast of New York City, offering residents an easy commute to the city. 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. 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. If you choose to rent an apartment, expect to pay an average of $1,866 monthly. Darian is one of the richest towns in Connecticut with a median household income of nearly $243,750. Milford grabbed the top place in this list of richest cities. Counties [ edit] The schools are among the best in the state, making them the ideal place to raise a family. According to the report, the four towns are Darien, Old Greenwich, Riverside, and . Connecticut is no ones idea of a poor state. West Simsbury has 151,104 residents as of 2022. New Canaan and other wealthy towns made it onto the state's list of "disproportionately impacted areas" for favorable treatment in the marijuana legalization rollout, due to a quirk in the data. What determines the overall wealth of a city? Although the town is small, youll find plenty of recreational venues, cafes, restaurants, and shops. The Population for 2020 was 1,797, but it has grown to 1,839 for 2022. Rentals are much higher than most, with an average of $2,443 per month for non-homeowners. HomeSnacks is reader-supported. Stamford Wikipedia/John The median home price in Essex was $651,000 in 2022. Its a small, affluent community where the average commute time for workers is 35.5 minutes, and test performance scores for public school students are excellent. 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. Another one of the richest towns in Connecticut is Weston. The second wealthiest town in Connecticut is Riverside. Its also known for its rich history and is listed on the National Register of Historic Places as Woodbridge Green Historic District. Greenwich had a median household income of $180,484 in 2021 and is known as one of the richest cities in America. Living in New Canaan is like being surrounded by family. Home to some of the most affluent residents in Connecticut, Westport has a median household income of $206,466. In 2018, the average household income in its Old Greenwich. Unfortunately, however, there can be only one Connecticut place that's worthy of the HomeSnacks crown. Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. The town is also known for having excellent public schools. Unfortunately, however, there can be only one Connecticut place thats worthy of the HomeSnacks crown. Easton is a great place to raise a family because it has a good school system. With a median household income of $1,471,700, this is no place for people on a shoestring budget. What are the richest towns in Connecticut? Visit Bloomberg for the full report. Actual ranking depends on what metrics are used, but in general, Connecticut ranks within the five wealthiest states in the country. The average commute time for workers is 26.5 minutes, suggesting plenty of local jobs in the citys economy. 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? If the thought of paying $868,200 for a home makes you feel queasy, you might want to give Weston a miss. Stamford is a city in Fairfield County with a population of 14,499. America's wealthiest people are starting to move into smaller cities, a new wealth report says. Weston residents live a good work-life balance with an average commute time of 42 minutes. 20% of the residents pay rent, with 80% owning their homes. Fairfield County's Norwalk, CT is the third richest city in the Nutmeg State. Wilton, CT Annual household income: $193,292, 9. 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. Greenwich residents are well-educated, with 70.6% having completed at least a bachelors degree. Its located in Fairfield County under the 06896 zip code, sharing a border with Danbury and Georgetown. Riverside, CT Annual household income: $215,791, 5. Its a socioeconomically Upper Middle-Class city with a median household income of $136,261. The town is partly in Hartford County, with some areas in Middlesex County. Located on Long Island Sound, Southport is a charming seaside community with a vibrant downtown area and beautiful beaches. Chris Kolmar has been in the real estate business for almost ten years now. All rights reserved. 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'll receive your first newsletter soon! The average income per family is $130,268, and home prices range anywhere between $500,000 to $2 million. It is an affluent community that has a population of 20,622 individuals, and the majority of its residents, 80.1%, have completed at least a bachelors degree. However, depending on the neighborhood, you can also find more affordable housing. We analyzed 21 places in Connecticut to determine where the 1% live. Wilton is surrounded by nature, offering many activities that are perfect for children and encouraging a healthy lifestyle. 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. There are lots of affluent communities in the Nutmeg State, and some of them are unassuming. As at 2019, Connecticut had a per capita income of $44,496. 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. This small coastal town is the perfect place for raising children, and you can enjoy plenty of outdoor activities, especially walking in nature. The most charming small towns in Connecticut are perfect for a day trip or a new home. With a population of 20,622 inhabitants, the average income per household is $145,244. 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. Only 16 states were represented in the top 100. This site uses Akismet to reduce spam. It's also one of the most expensive places to live in the country, with a median home price of over $1.5 million. Riverside Profile Page with Infographics. 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. 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. Read More The 20 Safest Places To Live in TennesseeContinue, If you dont know what a HELOC is, dont feel stupid. The median home value in Greenwich is over $1.5 million, and many residents work in finance and banking in NYC. Darien is a small town on Connecticut's gold coast that is home to approximately 6,759 people. 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. Lidia has more than 10 years experience in news and digital media and holds a degree in journalism from the University of Connecticut. As one of the Nutmeg state's oldest towns, it also represents one of the richest. Southports location near New York City also makes it attractive for commuters working there. Want to learn more about Westport? 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. The average family home retails for a massive $611,500, almost three times the national average. It is a very safe town surrounded by greenery. The 20 Worst Places to Live if you Have Arthritis in The U.S. The median income in this city is $81,634. Riverside is home to some of the most affluent residents of Connecticut with a median household income of $215,791. For example, those with families may, Read More The 20 Best Places to Live in OklahomaContinue, Austin, Texas is a thriving city that appeals to people from all walks of life. That ratio steadily has been. COS COB, CT Annual household income: $136,261, 17. 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 streets are safe, and the schools are highly rated. The oldest towns in Connecticut are perfect places to visit for those who love learning about history. He spends more time than is perhaps wise with his eyes fixed on a screen either reading history books, keeping up with international news, or playing the latest releases on the Steam platform, which serve as the subject matter for much of his writing output. Westport residents are well educated with 78% of residents having obtained a bachelors degree or higher. Westport is a very desirable place to live as it ranks highly for safety. Known for its luxury waterfront homes, Old Greenwich has a median sales price of $2,063,000. How Much Are Closing Costs in Texas & Who Pays Them. 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. The poverty rate is remarkably low at 1.12%, with median rent at $1,832 per month. Fairfield County is very close to New York City. CT proposal causes confusion, concern. 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. 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.
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