All of this combines to make the local housing market expensive. 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. Property values are high, the median sales price is $1,029,000. Wealthiest Towns in CT Final - Suburbs 101. There are many things to do including going to the beach and shopping at the local malls. The demographics data shows that 88.37% of the residents are white, with 83.9% of the public schools showing a student population that is 83.9% white with excellent test performance scores. The oldest towns in Connecticut are perfect places to visit for those who love learning about history. Greenwich residents are well-educated, with 70.6% having completed at least a bachelors degree. Most of the properties in Riverside are primarily owner-occupied (80%) with only 20% rentals. Lidia Ryan is the managing editor of trending and features for Hearst Connecticut Media Group and is part of the digital team. We analyzed 21 places in Connecticut to determine where the 1% live. New Canaan is expensive, even by Connecticut standards: The median home value is $1.9M, compared to $350,897 for the state overall. The average value of a home is just under $800,000, which is on par with the average household income. The 20 Richest Towns in Connecticut in 2022; Liz Flynn. Stamford Wikipedia/John Old Greenwich Profile Page with Infographics. The unemployment and poverty rates are 7.9% and 8.5% respectively. The unemployment rate in this city is 10% and the poverty rate is 9.6%. The 2010 Census revealed a growth from 6.751 residents to 7,150, showing that the town is gaining its population base. Its one of the areas wealthiest communities, with the median annual household income at over $215k. The state is home to 91 of the US 100 most affluent zip codes. The city deserves its spot on the list as its well above the average US income. (and lowest paying jobs). The chart below shows the most common races living in the richest cities in Connecticut: 81.94% White 6.79% Hispanic 5.95% Asian 3.30% Two or more races 1.63% Black/African American 0.33% Other 0.07% Native 0.01% Hawaiian/Pacific Islander This shows that the most common race across the richest cities in Connecticut is "White". The average commute time from home to work is 31 minutes. Essex is another one of the richest towns in Connecticut. We use data, analytics, and a sense of humor to determine quality of life for places across the nation. OnlyInYourState may earn compensation through affiliate links in this article. Easton is a great place to raise a family because it has a good school system. Its the place where many believe this country originated, being home to the historic city of Plymouth. As a sign of just how rich this coastal Connecticut city is, the median income is a massive $321,377. The unemployment rate, as of 2022, is 3.3%, far lower than the state unemployment rate of 4.1%. 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. The town has attracted the rich and famous . Easton has a thriving downtown area with many restaurants, shops, and entertainment options. 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. Avon is the home of 1,206 entrepreneurs. 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. Unfortunately, however, there can be only one Connecticut place thats worthy of the HomeSnacks crown. 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! It has an average household income of $234,152 and 6,611 residents. The town is full of greenery and offers residents a tranquil vibe. 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. Westport is one of the richest towns in Connecticut with a median household income of $222,375. Only 16 states were represented in the top 100. Counties [ edit] Riverside Profile Page with Infographics. Its not difficult to find a home to buy or rent, as there are 3,122 homes in the town, with just 2,935 currently occupied. With a median household income of $129,919, it is home to approximately 25,033 people. Easton has excellent schools both public and private schools are available. Fairfield County's Norwalk, CT is the third richest city in the Nutmeg State. Let's go! The rankings are based on income and home value. With a population of 63,518, Greenwich is an upscale community with a median household income of $180,44. Name Census collected information for the past five years and breaks the average income levels by age group. The average home price in town is $780,000. With fancy city names like Windsor and Danbury, Connecticut seems to ooze wealth around every corner. The unemployment rate is 8.0% and the poverty rate is 8.9%. A Bloomberg report is out on the 100 richest towns in America, and four towns in Connecticut made the list. From Hedge Fund Executives to High Profile Athletes, these wealthy Americans call Connecticut their home. The average home price in Old Greenwich is $1.8 million. 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. Fairfield offers many different types of housing options including condos, apartments, townhomes, and single-family homes. Want to learn more about Westport? The median household income in Wilton is $204,473 which is over twice as much as the state average of $79,043. The median household income is just over $190K per year. It is also one of the most expensive places to live in the country, with a median home value of $1,051,014. 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. Despite its small size, it is home to 18,932 people. Hoping for a glimpse at some of those gorgeous views for which this town is known? Ridgefield, CT Annual household income: $206,560, 6. 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. It has a population of 33,900 residents. Above is a fundraiser at the famous Glass House in New Canaan. With a median household income of $1,471,700, this is no place for people on a shoestring budget. The staggering low unemployment rate for 2022 is 0.4%, far below the county, state, and national averages for unemployment rates. Wilton is undoubtedly a wealthy community and one of the top ten richest in the state of Connecticut for 2022. Depending on individual tastes, personal circumstances, and the stage of life a person is at, everyone has different criteria in terms of what makes a great place to live. It 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. Are you surprised by this list of the richest cities in Connecticut? All Rights Reserved. Riverside is home to some of the most affluent residents of Connecticut with a median household income of $215,791. 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. 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. The average household income umped over $20k, but the cost of housing has also risen in this desirable community. 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. Its a small town of 10,354. 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. Andreas Halvorsen - Net Worth: $6.3 Billion Andreas Halvorsen is a Norwegian billionaire businessman whose net worth of $6.3 billion makes him the 6th richest person in Connecticut. Redding, CT Annual household income: $140,995, 15. Westport is a very desirable place to live as it ranks highly for safety. Its a small, charming seaside community in the Town of Greenwich with a population of 6,873. If you plan to buy a home in New Canaan, the average price is $1.36 million. Here are the wealthiest towns in Connecticut. New Canaan is one of the wealthiest towns and among the best places to live in Connecticut. Inflation-adjusted household income is one of the factors. 1. Get more stories delivered right to your email. Want to know where Connecticuts 17 billionaires and 122,000 millionaires live? The result? Chris Kolmar has been in the real estate business for almost ten years now. 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. Most Expensively 2023. If youre thinking about moving to Austin and youre single without a family or spouse, you might find some neighborhoods, Read More The 10 Best Places to Live in Austin for SinglesContinue. 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 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. 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.. 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. According to the most recent data, the number of people living in Ridgefield has decreased by 0.7% since 2020. Its also far below the national average rate of 3.9%. Home to some of the most affluent residents in Connecticut, Westport has a median household income of $206,466. 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. Home to some of the most affluent residents of Connecticut, Weston has a median household income of $222,535. 87% of the residents own their homes, and just 13% rent. Its also one of the most expensive places to live in the country, with a median home price of over $1.5 million. The fourth wealthiest town in Connecticut is Old Greenwich. The city has magnificent homes with long driveways accessible through winding country roads and beautiful landscapes. COS COB, CT Annual household income: $136,261, 17. Being a coastal city, citizens have plenty of opportunities to spend their free time. 78% of them have at least a bachelors degree. The streets are safe, and the schools are highly rated. Home to some of the most affluent residents in Connecticut, Westport has a median household income of $206,466. What are the richest towns in Connecticut? Its a great place for families and young professionals to live. Fairfield County is very close to New York City. It has an average household income of $204,792, and the home prices range between $600,000-$800,000. People who live and work in Easton have a slightly higher income level. A wealthy enclave on Connecticut's Gold Coast, Greenwich is consistently ranked as one of the richest cities in America. It is also one of the most diverse towns in the state, with over 50% of its residents being foreign-born. With 733 . The third on the list is Westport. Most homes were built in 1965 when the community saw its largest growth spurt. In terms of per capita income, it beats the nearest competition by a huge margin of almost $4000. The towns population is under 21,742 people, yet it is home to at least seven country clubs and three golf courses. Stamford, CT Annual household income: $152,102, 11. If you love the outdoors, check out the beautiful. 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. This affluent community is the home of 18,410 residents with an average age of 45 years, with slightly more females than males. 14 Richest Towns in Connecticut Darien Riverside Westport Old Greenwich Wilton Weston Greenwich Southport New Canaan Avon Ridgefield Stamford Woodbridge Essex 1. Grace Duffield / Hearst Connecticut Media file photo With a median income of $59,522, Naugatuck took ninth place. The largest city in Litchfield County, Torrington, grabs the number eight spot. However, the average house prices range from $1,5 million to $3 million. Theyre well educated, and many residents commute to the city for their jobs with an average travel time of 38 minutes. (Infographic), What are the Highest Paying Jobs in Connecticut? 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). Contact: [email protected], 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. Woodbridge is another wealthy Connecticut town. By Joselynn Chua / February 27, 2023. Its a socioeconomically Upper Middle-Class city with a median household income of $136,261. Visit Bloomberg for the full report. The unemployment rate is slightly higher at 3.6%, with the average commute time for workers at 31.3 minutes. Redding has a median home sales price of $1,030,000 and a median household income of $138,125. We aim to deliver bite-sized pieces of infotainment about where you live. The bright side? The schools are excellent and the town is beautiful, with tree-lined streets and old-fashioned townhouses. Want to learn more about Darien? The community is known for being tight-knit with safe streets, low unemployment rates, and top-notch schools. What is it like to live in Greenwich, CT? People love to enjoy life and share it with family, friends, and neighbors. 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. 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. Greenwich had a median household income of $180,484 in 2021 and is known as one of the richest cities in America. Other areas of wealth in the state include suburbs surrounding New Haven and Hartford, as well as pockets of Litchfield County. Milford grabbed the top place in this list of richest cities. The schools are among the best in the state, making them the ideal place to raise a family. 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. 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. Essex Village is a highly desirable community to live in for the affluent. 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. The town has over 120 acres of open space and over 1,000 acres of parkland. The average household income in Woodbridge is $96,919, and the median home price is $595,000. The town has the highest percentage of residents who are wealthy, at about 30 percent. The average price of a home is $611,500, nearly three times the national average. This site uses Akismet to reduce spam. Connecticut ( / kntkt / ( listen)) [10] is the southernmost state in the New England region of the Northeastern United States. Ridgefield offers something for everyone from great schools to recreation for the whole family. Its in Hartford County. So, want to know where its just as difficult to Keep up with the Connecticuters as it is The Kardashians? 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. . Let us take a look at some of the richest towns in Connecticut that make up the per capita income. New Cannan, CT Average household income: $200,203.00 Living in New Canaan is like being surrounded by family. Jobs are plentiful in the area, with the working Population gainfully employed except for just 3.5%. The 24 to 44 age group earns an average of $230,278 per year, with the 45 to 64 group bringing in $242,039retired residents 65 plus an average of $131,261 per year for the last calculations in 2020. The median home value is $766,900, making it more affordable than some other affluent communities. Fairfield is a moderate-sized city in Fairfield County. Rentals are much higher than most, with an average of $2,443 per month for non-homeowners. Old Greenwich is one of the richest Neighborhoods in Connecticut with a median household income of $238,750. The Community Trail runs along the Long Island Sound and is a great place to walk or ride your bike. If youre curious enough, here are the poorest cities in Connecticut, according to data: Poorest: Hartford2nd Poorest: Bridgeport3rd Poorest: Waterbury. Weston is also one of the best places in Connecticut to raise a family. 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. You catch that vibe when you visit New Canaan, but its not cheap to live there. Head to, Natalie is a writer and travel enthusiast who loves uncovering new places along the East Coast. Essex is situated near the Connecticut river, a few miles north of some of the states best beach towns. CT proposal causes confusion, concern. When you click through real estate links on our site, we earn an affiliate commission. Four Connecticut towns made the top 50 list (well, three. The average commute time for workers is 26.5 minutes, suggesting plenty of local jobs in the citys economy. 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. It is a very safe town surrounded by greenery. If you live in, Fairfield County's Norwalk, CT is the third richest city in the Nutmeg State. Its also home to some of the most expensive homes in the state. Not that there isnt more to it than that with a vibrant food scene, a charming historic district, gorgeous parks, and a great selection of shops, it offers premium living at an admittedly premium price tag. 25 Wealthiest Towns in the New York Suburbs, What are the Highest Paying Jobs in New York? Many of these towns are wonderful places to live due to their incredible verdant spaces and proximity to the city and ocean. The unemployment rate is 3%, which beats the state average by 4.1%. Its median income is $58,717. According to Area Vibes, the cost of living in Westport is 82% higher than the Connecticut average. Its safe, with a low crime rate. Suburbs 101is an insiders guide to suburban living. 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. Learn how your comment data is processed. 79.4% of the community are US-born citizens, with 11.73% born in other countries. 20 Cities with the Worst Weather in the U.S. How Eiza Gonzalez Achieved a Net Worth of $5 Million. New Cannan, CT Average household income: $200,203.00, 8. 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. 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. The next town on this list is Wilton. If you want to live in one of Connecticuts richest places, youre going to need to make upwards of $59,791/year. Newtown Borough is being credited as the richest town in the state of Connecticut. Whether you have money to burn or are living on a budget, everyone enjoys these free activities in Connecticut. America's wealthiest people are starting to move into smaller cities, a new wealth report says. In fairness, you do get a lot of return for your investment. 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. 1. Married families in Ridgefield average an annual household income of 182,679, but the average is over $206k. The most charming small towns in Connecticut are perfect for a day trip or a new home. The median income is $80,896. Want to learn more about Old Greenwich? There are many things that families love about living in Wilton including its great school system, safe neighborhoods, and access to shopping centers. 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. Its among the top ten. There are plenty of shopping and fine dining venues in Riverside. Wilton is surrounded by nature, offering many activities that are perfect for children and encouraging a healthy lifestyle. Avons diversity rate is better than most of its neighboring communities. New Canaan has a small-town feel with big-city amenities. 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. Shelton. 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. Read on to discover the 14 richest towns in Connecticut in 2022. 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. Head out on a fun getaway to these spots: Thank you! With a median household income of $1,471,700, this is no place for people on a shoestring budget. 45.7% of the children in public schools are eligible for free or reduced lunch programs. Education Levels 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. Learn how your comment data is processed. Located in Fairfield County, Weston has a population of 10,354. Fairfield County towns have made yet another list of the richest places in the U.S. Most of Connecticut's wealth is concentrated in Fairfield County, which contains many affluent suburbs in Connecticut. This is our tenth time ranking the richest cities in Connecticut. You'll receive your first newsletter soon! HomeSnacks is reader-supported. And that makes living in the state expensive. California was the most represented with 23 cities and towns making the list. There is a good reason that Norwalk was listed as one of the best places to live in America. Ridgefield is also home to several conservation areas and preserves that provide a haven for wildlife such as deer, foxes, wild turkeys, and hawks. To compiler their 2020 list of the 50 richest places, Bloomberg "evaluated inflation-adjusted household data for all U.S. locations with a minimum of 2,000 households (as defined by the Census), and ranked them based on average household income. Avon, CT Annual household income: $187,080, 10. Darien Profile Page with Infographics. Fairfield. Related: The 10 Wealthiest Neighborhoods in San Francisco. The average home value is $466,000, making it one of the more affordable rich neighborhoods to buy a house. The average renter pays $2,336 per month. However, we dont believe that one statistic wholly encompasses what it means to be one of the richest places. Point 2 Point Homes advises that the small community of 8,779 people has an average household income of more than $200k per year. Darian is an entire little town, and those that call it home enjoy lifes best with quaint shops, great places to dine, and plenty of recreational, shopping, and community event opportunities. However, its also popular among locals so much so that there are rumors that it might become a commuter town for New York City residents. With a median household income just shy of a quarter-million a year, Darian is an exclusive place to live. COS COB is a Fairfield county city that extends to the border of the Stamford city limits. If the thought of paying $868,200 for a home makes you feel queasy, you might want to give Weston a miss. Four of the top 20 are places in New York, including Brookville village. How Much Are Closing Costs in Texas & Who Pays Them. Westport residents are well educated with 78% of residents having obtained a bachelors degree or higher. Love Connecticut? As at 2019, Connecticut had a per capita income of $44,496. The median home value is steep at $1,382,800 for 2022. The unemployment rate for the city is 3.6%, compared to the state average of 4.1%, and theyre doing well in securing work. The median household income in New Canaan is $214,977. Located in Fairfield County, Westport is an affluent town with beaches, private Country Clubs, and Yacht Clubs. After all, rich people have really high salaries. Its a haven for New Yorks very rich to escape the hustle and bustle of big money firms and agencies. The town is also known for having excellent public schools. It is located about 29 miles northeast of New York City, offering residents an easy commute to the city. Westport is one of the richest towns in Connecticut with a median household income of $222,375. 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. Known for its luxury waterfront homes, Old Greenwich has a median sales price of $2,063,000. Flavian Johnny is the founder of - a blog that serves as an invaluable resource for expatriates and travelers looking for something special and unique. the average home value is $1,471,700. Connecticut’s per capita income was $44,496 in 2019, according to estimates. Richest Places in Connecticut Bottom Line, Best First Time Home Buyer Programs & Grants in NYC. The average commute time from home to work is 23.6 minutes, suggesting ample employment opportunities in South Glastonbury. If you dream of the quiet life, its ideal. West Simsbury is classified socioeconomically as an upper-middle-class zip code compared to other zip codes in Connecticut. The percentage of students eligible for participation in reduced or free lunch programs is 32.7%, which is low compared to many other cities in the state.
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