richest towns in connecticut

In terms of per capita income, it beats the nearest competition by a huge margin of almost $4000. The community is predominantly white at 75.45% but is becoming more ethnically diverse than some of its neighboring towns, with a public school demographic of 68.9% white students. It is a picture-perfect neighborhood in the Town of Greenwich with beaches, highly rated schools, and an easy train ride to NYC. What is it like to live in Greenwich, CT? Point 2 Point Homes advises that the small community of 8,779 people has an average household income of more than $200k per year. Were just going to leave this right here. There are lots of affluent communities in the Nutmeg State, and some of them are unassuming. 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! As to which are the very wealthiest, find out now as we count down the 10 richest cities in Connecticut. The small community has a population of 7,586 residents. Besides these, Colorado has ongoing employment opportunities in aviation,, Read More The 10 Cheapest Places to Live in ColoradoContinue. Below is a list of the wealthiest towns in Connecticut. Theyre well educated, and many residents commute to the city for their jobs with an average travel time of 38 minutes. Although the town is small, youll find plenty of recreational venues, cafes, restaurants, and shops. Unfortunately, however, there can be only one Connecticut place thats worthy of the HomeSnacks crown. Riverside has a population of 8,843. Stamford Wikipedia/John Essex is another one of the richest towns in Connecticut. 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. Redding, Connecticut, is a small city with a population of 9,110. Weston is one of the most affluent towns in Connecticut with winding country roads and highly regarded schools. Her works have been featured on Good Housekeeping,Next Luxury,Wanderlog,NurseJournal,NewsBreak,ThaiWare,and Yahoo. While the income number is higher than that of Milford, the higher unemployment rate of 7.9% gives this city a solid second place. Connecticut is one of the wealthiest states in the US. If youre curious enough, here are the poorest cities in Connecticut, according to data: Poorest: Hartford2nd Poorest: Bridgeport3rd Poorest: Waterbury. Darian, CT Annual household income: $232,523, 1. The median home value in Greenwich is over $1.5 million, and many residents work in finance and banking in NYC. 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. Learn how your comment data is processed. Just 16% of the homes are rentals. A town covered in vibrant nature, Avon is one of the richest towns in Connecticut. Norwalk, CT, USA 4. However, the average house prices range from $1,5 million to $3 million. Related: The 10 Wealthiest Cities In North Carolina. 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. 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 Census ranks individual city wealth by a formula that averages the household incomes, including the adjusted gross income and the average household income. 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. The schools are excellent and the town is beautiful, with tree-lined streets and old-fashioned townhouses. 14 Richest Towns in Connecticut Darien Riverside Westport Old Greenwich Wilton Weston Greenwich Southport New Canaan Avon Ridgefield Stamford Woodbridge Essex 1. The upscale community attracts residents who commute to New York City because its easy train ride to Manhattan. New Canaan is one of the wealthiest towns in Connecticut with a median sales price of $1,155,000. Connecticut towns make Bloomberg list of richest places, Owner of Tm brings authentic Mexican cuisine, art to Fairfield, St. Patrick's Day food and drink menus, parties around CT, Connecticut Magazine's 25 Most Romantic Restaurants in CT. Every year, Connecticut Magazine asks readers and experts for the state's best dining spots. People who live and work in Easton have a slightly higher income level. The fourth wealthiest town in Connecticut is Old Greenwich. Weston is also one of the best places in Connecticut to raise a family. According to homes.com, Ridgefield is one of the most expensive places in Connecticut to buy a home. The median income in this city is $81,634. 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. 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. Redding has a median home sales price of $1,030,000 and a median household income of $138,125. 9. As the name implies, Southport is a port city that is situated on the coast. The town has attracted the rich and famous . With a population of 63,518, Greenwich is an upscale community with a median household income of $180,44. Connecticut is the wealthiest state in the United States of America in terms of per capita incomes and wealth. Darian If you want to live in Darian, you'd better start saving. All Rights Reserved. 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. 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. Suburbs 101is an insiders guide to suburban living. Southport is an affluent town in Connecticut. The average home value is $650,400. The average home value is $1,150,400. 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. Weston residents live a good work-life balance with an average commute time of 42 minutes. Its also far below the national average rate of 3.9%. Liz Flynn has worked as a full-time writer since 2010 after leaving a career in education. The Easton School District offers many different programs including art, music, and sports. According to the report, the four towns are Darien, Old Greenwich, Riverside, and . A comprehensive list of Connecticuts top 10 richest cities, ranked according to median income and other key indicators of wealth. 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. 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. (and lowest paying jobs). Fairfield County town is one of the most desirable places to live if you have the financial means. It's also one of the most expensive places to live in the country, with a median home price of over $1.5 million. Theres no law saying you have to be rich to live in Fairfield, but it does help, especially if you want to buy a property at some point. The unemployment and poverty rates are 7.9% and 8.5% respectively. Southport isnt the kind of city where keeping up with the neighbors comes cheaply. It has a great location, close to major highways and a short drive from New York City. 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. Theres a premium on living in a safe neighborhood with all the trappings of a luxurious existence. Darien The richest town in Connecticut is Darien, with a median household income of $251,200. The unemployment rate for the city is 3.6%, compared to the state average of 4.1%, and theyre doing well in securing work. Darian is on Long Island Sound and offers waterfront property for sale and for rent. 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. Connecticut is home to some of the wealthiest people in America. Only 16 states were represented in the top 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. 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. 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. This site uses Akismet to reduce spam. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks. Rich people not your cup of tea? Almost 6,300 communities met the criteria, which includes approximately 75% of total households in the U.S.". So, want to know where its just as difficult to Keep up with the Connecticuters as it is The Kardashians? And out of all the towns in Connecticut, none are wealthier than Greenwich in Fairfield County. Ned Lamont and General Assembly leaders to to focus on offsetting a potential property tax Armageddon. All of this combines to make the local housing market expensive. The average commute time from home to work is 35.7 minutes. Chris Kolmar has been in the real estate business for almost ten years now. Most of Connecticuts wealth is concentrated in Fairfield County, which contains many affluent suburbs in Connecticut. 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. Southport has a long history as a summer resort and residential community. The town has over 120 acres of open space and over 1,000 acres of parkland. The result? To see the other wealthy places that made this list, take a look below. Rentals are much higher than most, with an average of $2,443 per month for non-homeowners. Fairfield is one of the richest towns and among the best places to live in Connecticut. Shelton places in the number two spot with a median income of $87,277. Also in Fairfield County, the waterfront city of Stamford is ranked 4th on the list. New Cannan, CT Average household income: $200,203.00 Living in New Canaan is like being surrounded by family. Home prices in town are also high, ranging from $500,000 to $4,000,000. Theres a reason this state is one of the richest in the country. Avon is the home of 1,206 entrepreneurs. Westport Profile Page with Infographics. This affluent community is the home of 18,410 residents with an average age of 45 years, with slightly more females than males. Westport is one of the wealthiest towns in Connecticut. Darian will be the second wealthiest city in Connecticut in 2022. 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. Westport is a popular place for New Yorkers to visit on weekends because of its close proximity to Manhattan. The average renter pays $2,336 per month. Most Expensively 2023. 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. Lidia Ryan is the managing editor of trending and features for Hearst Connecticut Media Group and is part of the digital team. The median income in Bristol is $61,551 while the unemployment rate is 7.8% and the poverty rate is 10.3%. Four Connecticut towns made the top 50 list (well, three. 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. Fairfield is also very safe and has low crime rates. The average family home retails for a massive $611,500, almost three times the . With 733 . Numerous tech billionaires have called the town home, including Googles Eric Schmidt, Facebooks Sheryl Sandberg and Microsofts late co-founder Paul Allen.". The town also boasts one of the best school systems in all of Connecticut! 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. 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 median household income is $99,791, and the average home price is $672,000. The median income is $80,896. The average value of a home is just under $800,000, which is on par with the average household income. Westport has a thriving luxury real estate market with the median sales price in Westport at $1,796,000. A relatively small town, it offers the opportunity of doing great outdoor activities. What makes some cities more prosperous than others? Its also one of the most expensive places to live in the country, with a median home price of over $1.5 million. The poverty rate is remarkably low at 1.12%, with median rent at $1,832 per month. 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. In a city with a population of 52,005, the median income came in at $81,971. Wilton is surrounded by nature, offering many activities that are perfect for children and encouraging a healthy lifestyle. 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. The unemployment rate is low compared to the state average, and commuters spend an average of 44 minutes driving to work. 20% of the residents pay rent, with 80% owning their homes. 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! Home to some of the most affluent residents in Connecticut, Westport has a median household income of $206,466. Westport is in the top five most affluent cities in Connecticut for 2022. According to the most recent data, the number of people living in Ridgefield has decreased by 0.7% since 2020. Redding, CT Annual household income: $140,995, 15. Youll find parades, festivals, and occasional pop-up art exhibitions. South Glastonbury, CT Annual household income: $135,596, 18. Only 16 states were represented in the top 100. Wilton is also known as the village because of its quaint feel with many historic homes and buildings. The communities in this city are close, and they love to sponsor community events for the residents and visitors. Middletown, a riverside city south of Hartford, takes the 6th place spot with a median income of $63,828. 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. All of these towns are located not too far east of Greenwich . 20 Cities with the Worst Weather in the U.S. How Eiza Gonzalez Achieved a Net Worth of $5 Million. 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. Its smaller than Ridgefield but slightly more affluent. The median sales price is residential sales data for 12 month period ending January 2023. 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. 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. The staggering low unemployment rate for 2022 is 0.4%, far below the county, state, and national averages for unemployment rates. 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. 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. On the plus side, the median income of $190,227 is equally jaw-dropping. $55,137 is the median income in this city while the unemployment and poverty rates are 7.5% and 13.4% respectively. The average home price in town is $780,000. Ranks #10 in Cheapest Places To Live In Connecticut Map Of Milford, CT Best Places Around Milford 1 Mount Sinai, NY Population 10,446 2 Sound Beach, NY Population 7,080 3 Port Jefferson, NY Population 8,016 4 Orange, CT Population 13,928 5 North Haven, CT Population 23,665 6 Shelton, CT Population 41,162 7 East Haven, CT Population 28,645 8 Education Levels 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. As at 2019, Connecticut had a per capita income of $44,496. Its an Upper-Middle-Class town with a median household income of just under $141K. Darien residents live a good work-life balance with an average commute time of 39 minutes. Most of the residents are of white ethnicity, with only 6.1% of students in the public schools eligible for free or reduced lunch. If more people are employed, the richer the future looks. Riverside is one of the wealthiest communities in Connecticut. There are also several golf courses in town that draw a lot of people from around the world. It also has a number of highly rated public and private schools, which can be a major plus for families with children. Suburbs 101 confirms that Riverside is a wealthy suburb of the Town of Greenwich. Atherton, CA topped the list. Stamford is situated only 30 miles north of NYC, so it offers residents unparalleled access to the city. Westport is one of the richest towns in Connecticut with a median household income of $222,375. The Population is 27,141, with an average rent of $2,724 if youre not a homeowner. 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: Its a desirable place to live if you can afford the costs. The third on the list is Westport. It's also home to the state's only national historic site, Weir Farm. Avons diversity rate is better than most of its neighboring communities. Riverside is home to some of the most affluent residents of Connecticut with a median household income of $215,791. 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. Shelton. Hoping for a glimpse at some of those gorgeous views for which this town is known? A wealthy enclave on Connecticut's Gold Coast, Greenwich is consistently ranked as one of the richest cities in America. Its also known for its rich history and is listed on the National Register of Historic Places as Woodbridge Green Historic District. Want to know where Connecticuts 17 billionaires and 122,000 millionaires live? 89.3% of the homes are occupied by their owners, with 10.7% as rentals. The town is also known for having excellent public schools. 22 overall, with average household income at $270,222. The unemployment rate is 7.3% while the poverty rate is higher at 11.2%. Although the town only has 6,754 residents, the median income per capita is $91,618, which is well above the average median income in the US. New Canaan is one of the wealthiest towns and among the best places to live in Connecticut. Four Connecticut towns made the top 50 list (well, three depending on how you look at it): Darien, Old Greenwich, Riverside (Greenwich) and Westport. The average household income in Woodbridge is $96,919, and the median home price is $595,000. 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. Westport residents are well educated with 78% of residents having obtained a bachelors degree or higher. The Population is 8,843 in this close-knit community. Weston Profile Page with Infographics. Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. It is a very safe town surrounded by greenery. Flavian Johnny is the founder of Mostexpensively.com - a blog that serves as an invaluable resource for expatriates and travelers looking for something special and unique. If you want to drive your car everywhere, then this may not be the right fit for you; however, if you enjoy walking or biking, Old Greenwich has plenty to offer. (Infographs), What are the Highest Paying Jobs in New Jersey? The states Atlantic coast is to the east, while the Gulf of Mexico coastline is to the west. Most homes were built in 1965 when the community saw its largest growth spurt. The average income per family is $130,268, and home prices range anywhere between $500,000 to $2 million. Other areas of wealth in the state include suburbs surrounding New Haven and Hartford, as well as pockets of Litchfield County . If you plan to rent in the city, plan on paying double the national average as apartments and homes go for $2,469 per month. Wilton is undoubtedly a wealthy community and one of the top ten richest in the state of Connecticut for 2022. Its a peaceful town thats a great place for people who want to get away from hectic city life and enjoy nature. Riverside, CT Annual household income: $215,791, 5. Look here. The information presented in this article are based on data from theUS Census American Community SurveyandRedfin.

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