The average home price in town is $780,000. 1. If you choose to rent an apartment, expect to pay an average of $1,866 monthly. The upside to all those sky-high prices is a median income that ranks as one of the highest in the state. It is a very safe town surrounded by greenery. 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 20 most affluent places, based on places with available data, all had household incomes above $485,000. Look here. Its a peaceful town thats a great place for people who want to get away from hectic city life and enjoy nature. Darien The richest town in Connecticut is Darien, with a median household income of $251,200. 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. As at 2019, Connecticut had a per capita income of $44,496. Zip Data lists West Hartford as one of the 20 richest cities in the state. The median household income at Cos Cob is $138,125. Its a great place for families and young professionals to live. Map of 25 Wealthiest Zipcodes in Connecticut Based on Average Adjusted Gross Income. You catch that vibe when you visit New Canaan, but its not cheap to live there. All rights reserved. HomeSnacks is reader-supported. (Infographic), What are the Highest Paying Jobs in Connecticut? 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. All in all, Riverside is a town that offers a great quality of life to its citizens. Darien Profile Page with Infographics. With a median household income of $1,471,700, this is no place for people on a shoestring budget. 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. Fairfield is also very safe and has low crime rates. It is also one of the most expensive places to live in the country, with a median home value of $1,051,014. It's also very well educated, with over half of its residents having a college degree. Most residents have at least a bachelors degree or higher and drive an average of 42 minutes to get to work. Hoping for a glimpse at some of those gorgeous views for which this town is known? What determines the overall wealth of a city? Actual ranking depends on what metrics are used, but in general, Connecticut ranks within the five wealthiest states in the country. 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. Matter of fact, its because there are a bunch of well-to-do people that call this New England state home. Unfortunately, however, there can be only one Connecticut place thats worthy of the HomeSnacks crown. Besides these, Colorado has ongoing employment opportunities in aviation,, Read More The 10 Cheapest Places to Live in ColoradoContinue. Old Greenwich enjoys a low crime rate and excellent public schools. With an average family income of $209,635 and a population of 18,460 inhabitants, Wilton is a relatively wealthy town. Riverside has a population of 8,843. Middletown, a riverside city south of Hartford, takes the 6th place spot with a median income of $63,828. 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. You can find out more about him on LinkedIn or his website. 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. Education Levels There are plenty of shopping and fine dining venues in Riverside. Its a small, charming seaside community in the Town of Greenwich with a population of 6,873. We suspect that the recent pandemic took a toll on residents who lost their jobs, with some forced to relocate for more affordable housing. South Glastonbury, CT Annual household income: $135,596, 18. The unemployment rate is lower than the state rate of 4.1% and the national rate of 3.9%. Name Census collected information for the past five years and breaks the average income levels by age group. Save my name, email, and website in this browser for the next time I comment. The town center village is listed as a historic district on the National Register of Historic Places. Its the basis on which we chose the 20 richest towns in Connecticut, and the results might surprise you. The average commute time from home to work is 35.7 minutes. Lidia has more than 10 years experience in news and digital media and holds a degree in journalism from the University of Connecticut. Old Greenwich Profile Page with Infographics. Because it is a coastal town, you can spend most of your time on the beach and in natural parks. 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. Just 16% of the homes are rentals. (Infographs), What are the Highest Paying Jobs in New Jersey? Shelton. New Canaan is one of the wealthiest towns and among the best places to live in Connecticut. Rich people not your cup of tea? Inflation-adjusted household income is one of the factors. [1] All data is from the 2010 United States Census and the 2011-2015 American Community Survey 5-Year Estimates.[2][3]. Its a great place to raise kids, with top-rated schools and safe streets. Whenever any publication compiles a list of Americas richest cities, theres one name you can always count on seeing Old Greenwich. Its also home to the states only national historic site, Weir Farm. Theres usually something going on for recreation and entertainment in the town and surrounding areas. 78% of them have at least a bachelors degree. The homes in Westport are primarily owner-occupied (85%) and only 15% rentals. Easton has a thriving downtown area with many restaurants, shops, and entertainment options. 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. 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. Unexpectedly, after looking at the median income of residents, along with poverty levels and unemployment rates, we found that wealth is spread throughout the state. 25 Wealthiest Towns in the New York Suburbs, What are the Highest Paying Jobs in New York? Related: The 10 Wealthiest Cities In New York. The median sales price of homes in Riverside is $834,000. 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. In Old Greenwich, homes are primarily owner-occupied (84%) and only 16% of homes in Old Greenwich are rentals. Four of the top 20 are places in New York, including Brookville village. 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. The average commute time from home to work is 23.6 minutes, suggesting ample employment opportunities in South Glastonbury. The unemployment rate is low compared to the state average, and commuters spend an average of 44 minutes driving to work. Weston is one of the most affluent towns in Connecticut with winding country roads and highly regarded schools. Most of the properties in Riverside are primarily owner-occupied (80%) with only 20% rentals. Westport is in the top five most affluent cities in Connecticut for 2022. The schools are excellent and the town is beautiful, with tree-lined streets and old-fashioned townhouses. Less than an hour train ride from New York City, Greenwich gives the feel of a small town with all the amenities of the big city. Source: US Internal Revenue Service - 2018. Related: The 10 Wealthiest Cities In Missouri. >> Click through to see how each CT spot ranked as well as each household income average. The average home value is $650,400. Riverside is one of the wealthiest communities in Connecticut. 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. As the name implies, Southport is a port city that is situated on the coast. Its also one of the wealthiest towns in Connecticut, with a median annual income per family of $180,057. Wilton is surrounded by nature, offering many activities that are perfect for children and encouraging a healthy lifestyle. Darien residents live a good work-life balance with an average commute time of 39 minutes. With its safe streets, world-class schools, plentiful amenities, and tempting $163,945 median income, its a great place to call home if your bank balance meets the challenge. The local school system is also amongst the best in the state. It is also one of the most diverse towns in the state, with over 50% of its residents being foreign-born. Learn how your comment data is processed. In fairness, the high prices arent unjustified. The Gold Coast, also known as Lower Fairfield County or Southwestern Connecticut not limited to the Connecticut panhandle, . However, it is true that overall, the Nutmeg State is richer than most. 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. 22 overall, with average household income at $270,222. Woodbridge, CT Annual household income: $205,541, 7. Wealthiest Towns in CT Final - Suburbs 101. With a median household income of $1,471,700, this is no place for people on a shoestring budget. Despite its high per capita income, Connecticut is mainly a middle-class state. Were just going to leave this right here. If you can afford a mortgage, its the better way to go in Fairfield. People who live and work in Easton have a slightly higher income level. Suburbs 101 confirms that Riverside is a wealthy suburb of the Town of Greenwich. Want to learn more about Darien? A wealthy enclave on Connecticut's Gold Coast, Greenwich is consistently ranked as one of the richest cities in America. It is a picture-perfect neighborhood in the Town of Greenwich with beaches, highly rated schools, and an easy train ride to NYC. Some haulers caught, Arming guidance counselors? The information presented in this article are based on data from theUS Census American Community SurveyandRedfin. The median home price in Essex was $651,000 in 2022. Newtown Borough is being credited as the richest town in the state of Connecticut. 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. 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 staggering low unemployment rate for 2022 is 0.4%, far below the county, state, and national averages for unemployment rates. Counties [ edit] You can download the data here. Located on Connecticut's Gold Coast, Greenwich is a financial powerhouse and also an exciting place to visit. The Census ranks individual city wealth by a formula that averages the household incomes, including the adjusted gross income and the average household income. The climate is better for persons with allergies, asthma, and other respiratory conditions. 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. Chris Kolmar has been in the real estate business for almost ten years now. Wilton is undoubtedly a wealthy community and one of the top ten richest in the state of Connecticut for 2022. Want to learn more about Old Greenwich? In terms of per capita income, it beats the nearest competition by a huge margin of almost $4000. The city deserves its spot on the list as its well above the average US income. Being a coastal city, citizens have plenty of opportunities to spend their free time. South Glastonbury is a small town with a growing population ranging from 4848 to 5651. The communities in this city are close, and they love to sponsor community events for the residents and visitors. Stamford is situated only 30 miles north of NYC, so it offers residents unparalleled access to the city. The upscale community attracts residents who commute to New York City because its easy train ride to Manhattan. Wilton is undoubtedly a wealthy community and one of the top ten richest in the state of Connecticut for 2022. Located on Long Island Sound, Southport is a charming seaside community with a vibrant downtown area and beautiful beaches. Greenwich residents are well-educated, with 70.6% having completed at least a bachelors degree. As to which are the very wealthiest, find out now as we count down the 10 richest cities in Connecticut. Cos Cob is one of the wealthiest communities in Connecticut with a median home sales price of $1,312,000. Feel free to check out some more reading about Connecticut: Population: 40,944Rank Last Year: 1 (No Change)Median Income: $103,647Unemployment Rate: 5.0%Poverty Rate: 6.0%More on Shelton: Real Estate|Photos, Population: 50,694Rank Last Year: 2 (No Change)Median Income: $97,951Unemployment Rate: 5.6%Poverty Rate: 4.1%More on Milford: Real Estate|Photos, Population: 134,820Rank Last Year: 3 (No Change)Median Income: $99,791Unemployment Rate: 5.5%Poverty Rate: 9.4%More on Stamford: Real Estate|Photos, Population: 31,586Rank Last Year: 4 (No Change)Median Income: $86,900Unemployment Rate: 6.1%Poverty Rate: 4.9%More on Naugatuck: Real Estate|Photos, Population: 60,733Rank Last Year: 5 (No Change)Median Income: $73,604Unemployment Rate: 5.9%Poverty Rate: 8.9%More on Bristol: Real Estate|Photos, Population: 86,197Rank Last Year: 7 (Up 1)Median Income: $74,600Unemployment Rate: 6.0%Poverty Rate: 10.6%More on Danbury: Real Estate|Photos, Population: 90,821Rank Last Year: 6 (Down 1)Median Income: $91,434Unemployment Rate: 6.6%Poverty Rate: 9.7%More on Norwalk: Real Estate|Photos, Population: 47,164Rank Last Year: 8 (No Change)Median Income: $67,485Unemployment Rate: 5.6%Poverty Rate: 11.2%More on Middletown: Real Estate|Photos, Population: 40,020Rank Last Year: 9 (No Change)Median Income: $59,791Unemployment Rate: 6.1%Poverty Rate: 10.6%More on Norwich: Real Estate|Photos, Population: 55,518Rank Last Year: 12 (Up 2)Median Income: $66,868Unemployment Rate: 8.7%Poverty Rate: 11.8%More on West Haven: Real Estate|Photos. The median income in Danbury is $67,430 helping to secure its 5th place ranking. Whether you have money to burn or are living on a budget, everyone enjoys these free activities in Connecticut. The city has magnificent homes with long driveways accessible through winding country roads and beautiful landscapes. Home to some of the most affluent residents in Connecticut, Westport has a median household income of $206,466. The community is known for being tight-knit with safe streets, low unemployment rates, and top-notch schools. Love Connecticut? 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.. Editors Note: Data has been updated for 2023. 89.3% of the homes are occupied by their owners, with 10.7% as rentals. New Canaan is one of the wealthiest towns in Connecticut with a median sales price of $1,155,000. Here are the 10 most expensive places to live in Connecticut for 2023: Stamford Norwalk Danbury New Haven Hartford Bridgeport Ansonia New London Middletown Groton What's the most expensive place to live in Connecticut? Home to some of the most affluent residents in Connecticut, Westport has a median household income of $206,466. With a median household income of $129,919, it is home to approximately 25,033 people. Darian will be the second wealthiest city in Connecticut in 2022. With a median household income just shy of a quarter-million a year, Darian is an exclusive place to live. As to which are the very wealthiest, find out now as we count down the 10 richest cities in Connecticut. The unemployment rate is 8.6% and the poverty rate is 10% in this city. It also has a number of highly rated public and private schools, which can be a major plus for families with children. Ridgefield, CT Annual household income: $206,560, 6. Ridgefield is also home to several conservation areas and preserves that provide a haven for wildlife such as deer, foxes, wild turkeys, and hawks. 45.7% of the children in public schools are eligible for free or reduced lunch programs. Most of Connecticuts wealth is concentrated in Fairfield County, which contains many affluent suburbs in Connecticut. The poverty rate is remarkably low at 1.12%, with median rent at $1,832 per month. The average family home retails for a massive $611,500, almost three times the . We use data, analytics, and a sense of humor to determine quality of life for places across the nation. 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. CT proposal causes confusion, concern. Related: The 10 Wealthiest Neighborhoods in San Francisco. What is it like to live in Greenwich, CT. Its smaller than Ridgefield but slightly more affluent. 83% of the residents have a bachelors degree or higher, and the unemployment rate is low. If you dream of the quiet life, its ideal. The median home value is $766,900, making it more affordable than some other affluent communities. 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. Download The Entire Connecticut Ranking Data. If you want to live in one of Connecticuts richest places, youre going to need to make upwards of $59,791/year. Located in Fairfield County, Westport is an affluent town with beaches, private Country Clubs, and Yacht Clubs. The downtown area is quaint and charming with plenty of restaurants, shops, and entertainment options. Let's go! Most of the townspeople hold bachelors degrees or higher. A Bloomberg report is out on the 100 richest towns in America, and four towns in Connecticut made the list. Four Connecticut towns made the top 50 list (well, three. The town has attracted the rich and famous . Connecticut is home to some of the wealthiest people in America. Its a medium-sized town that has grown to become one of the most desirable places to live in Connecticut. 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. 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. 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. And that makes living in the state expensive. Riverside Profile Page with Infographics. 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). Get more stories delivered right to your email. This affluent community is the home of 18,410 residents with an average age of 45 years, with slightly more females than males. Wilton, CT Annual household income: $193,292, 9. The homes in Darien are primarily owner-occupied (87%) with only 13% rentals. 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! Darien has a population of 21,499. Stamford Wikipedia/John Riverside, CT Annual household income: $215,791, 5. Fairfield County's Norwalk, CT is the third richest city in the Nutmeg State. Connecticut’s per capita income was $44,496 in 2019, according to estimates. Also in Fairfield County, the waterfront city of Stamford is ranked 4th on the list. With 733 . Westport is one of the richest towns in Connecticut with a median household income of $222,375. 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. Ridgefield offers something for everyone from great schools to recreation for the whole family. 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. Some work at private companies and governmental institutions. The city has grown over the past decade, increasing from 8,223 residents to 9,110. Lidia Ryan is the managing editor of trending and features for Hearst Connecticut Media Group and is part of the digital team. The next richest town in Connecticut is Ridgefield. The unemployment and poverty rates are 7.9% and 8.5% respectively. The median household income is just over $190K per year. New Cannan, CT Average household income: $200,203.00 Living in New Canaan is like being surrounded by family. Riverside residents are well educated with 73% of residents have obtained a bachelors degree or higher. The fourth wealthiest town in Connecticut is Old Greenwich. Darian is on Long Island Sound and offers waterfront property for sale and for rent. The average price of a home is $611,500, nearly three times the national average. If you plan to buy a home in New Canaan, the average price is $1.36 million. 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.
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