It's also one of the most expensive places to live in the country, with a median home price of over $1.5 million. Richest Places in Connecticut Bottom Line, Best First Time Home Buyer Programs & Grants in NYC. 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. The average commute time for workers is 26.5 minutes, suggesting plenty of local jobs in the citys economy. Weston Profile Page with Infographics. Liz Flynn has worked as a full-time writer since 2010 after leaving a career in education. Here well take a look at 10 of the richest cities in Connecticut as of 2022 so you can get an idea of what makes them thrive and how you can take advantage of them. Look here. The town is full of greenery and offers residents a tranquil vibe. It is one of the richest towns in Connecticut, boasting a median sales price of $1,835,000. Hoping for a glimpse at some of those gorgeous views for which this town is known? Its a haven for New Yorks very rich to escape the hustle and bustle of big money firms and agencies. Its in Hartford County. 4.2% of public school students are eligible for free or reduced lunch, and test performance in the public schools for Redding is excellent. The Population is 8,843 in this close-knit community. Avons diversity rate is better than most of its neighboring communities. The town has a population of about 10,278 (2020) people and has a median age of 42 years old. 22 overall, with average household income at $270,222. The average home price in Ridgefield is $600,000, and it grants many benefits to its inhabitants: reduced crime rate, good schools, and an overall relaxed way of life. Its an Upper-Middle-Class town with a median household income of just under $141K. South Glastonbury is a small town with a growing population ranging from 4848 to 5651. School test performance scores are above average, and 9.2% of students are eligible for free or reduced lunches at school. Some haulers caught, Arming guidance counselors? Newtown Borough is being credited as the richest town in the state of Connecticut. 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. Westport is one of the wealthiest towns in Connecticut. Youll find parades, festivals, and occasional pop-up art exhibitions. Fairfield County is very close to New York City. The unemployment rate is slightly higher at 3.6%, with the average commute time for workers at 31.3 minutes. The beautiful neighborhood is small, just 6,962, after the influx of rich business professionals. Its also home to the states only national historic site, Weir Farm. Darien residents live a good work-life balance with an average commute time of 39 minutes. Some work at private companies and governmental institutions. 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. Connecticut is no ones idea of a poor state. Only 16 states were represented in the top 100. The unemployment rate is just 3.1%, with an average commute of 33 minutes. Related: The 10 Wealthiest Cities In New York. In fairness, the high prices arent unjustified. Middletown, a riverside city south of Hartford, takes the 6th place spot with a median income of $63,828. Below is a list of the wealthiest towns in Connecticut. Its also known for its rich history and is listed on the National Register of Historic Places as Woodbridge Green Historic District. Southports location near New York City also makes it attractive for commuters working there. 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. The seaside neighborhood is a part of the Town of Greenwich, nestled on the beautiful waterfront with homes on its private beaches and all of the quaint little shops and dining venues the heart could desire. Its among the top ten. The median household income is $99,791, and the average home price is $672,000. The average price of a home is $611,500, nearly three times the national average. The Population for 2020 was 1,797, but it has grown to 1,839 for 2022. The median income is $80,896. 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. The average commute time from home to work is 31 minutes. With 733 . The median household income in New Canaan is $214,977. Known for its luxury waterfront homes, Old Greenwich has a median sales price of $2,063,000. 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. Located in Fairfield County, Westport is an affluent town with beaches, private Country Clubs, and Yacht Clubs. Wilton is surrounded by nature, offering many activities that are perfect for children and encouraging a healthy lifestyle. . Wilton is also known as the village because of its quaint feel with many historic homes and buildings. With fancy city names like Windsor and Danbury, Connecticut seems to ooze wealth around every corner. Easton has a thriving downtown area with many restaurants, shops, and entertainment options. 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). The downtown area is quaint and charming with plenty of restaurants, shops, and entertainment options. The largest city in Litchfield County, Torrington, grabs the number eight spot. Related: The 10 Wealthiest Neighborhoods in San Francisco. Darian is one of the richest towns in Connecticut with a median household income of nearly $243,750. It is also one of the most diverse towns in the state, with over 50% of its residents being foreign-born. As one of the Nutmeg state's oldest towns, it also represents one of the richest. Darien is one of the wealthiest towns in Connecticut. In addition to having a high income, Wilton residents also have a very low poverty rate at just 2.4%. 96% of the residents are homeowners with a median home value of $868,200. 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. We love the detailed statistics that give us a clear snapshot of the socioeconomic dynamics of the city. 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. With a median household income of $129,919, it is home to approximately 25,033 people. Most homes were built in 1965 when the community saw its largest growth spurt. Connecticut is one of the wealthiest states in the US. 9. When Does a Seller Get Their Money After Closing on a House? If you like close-knit communities with family-friendly vibes, well-respected schools, beautifully maintained parks, top-notch libraries, world-class restaurants, and a host of activities to get involved in (parades, festivals, pop up art exhibitions, shows the list goes on), then youre going to love New Canaan. To find out which Connecticut cities are doing the best and why we compared the most recent data from the U.S. Census Bureau to our own city-level income data to determine Americas richest cities. Middle-class and affluent, finding somewhere that doesnt test the limits of your credit card can be a chore, particularly if you reserve your home finding to Fairfield County, a place that boasts some of the wealthiest communities in the entire US. Get more stories delivered right to your email. Stamford, CT Annual household income: $152,102, 11. 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 Population is 27,141, with an average rent of $2,724 if youre not a homeowner. The town has a high concentration of people from New York City who commute to work here by train or car. Because it is a coastal town, you can spend most of your time on the beach and in natural parks. 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. Only 15% of the residents rent because most people there are homeowners. Isn't it grand to see Granby here in the top ten safest places in Connecticut. 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. Redding has a median home sales price of $1,030,000 and a median household income of $138,125. The average home value is $650,400. Suburbs 101is an insiders guide to suburban living. Related: The 10 Wealthiest Cities In North Carolina. Save my name, email, and website in this browser for the next time I comment. Essex is situated near the Connecticut river, a few miles north of some of the states best beach towns. 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.. This small coastal town is the perfect place for raising children, and you can enjoy plenty of outdoor activities, especially walking in nature. Living in New Canaan is like being surrounded by family. Riverside residents live a good work-life balance with an average commute time of 37 minutes. To keep this list focused on city-sized spots, only communities with more than 9,000 people were considered, including the lovely Norwalk, Connecticut. Other areas of wealth in the state include suburbs surrounding New Haven and Hartford, as well as pockets of Litchfield County . Located in Fairfield County, Weston has a population of 10,354. Theyre well educated, and many residents commute to the city for their jobs with an average travel time of 38 minutes. Its a small town of 10,354. View Map of 25 Poorest Zipcodes in Connecticut. COS COB is a Fairfield county city that extends to the border of the Stamford city limits. The current Population is 2,601, with an annual growth rate of 0.35%. 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. The average family home retails for a massive $611,500, almost three times the . On the plus side, the median income of $190,227 is equally jaw-dropping. Use Next and Previous buttons to navigate. 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. 83% of the residents have a bachelors degree or higher, and the unemployment rate is low. Darien is a small town on Connecticuts gold coast that is home to approximately 6,759 people. The average value of a home is just under $800,000, which is on par with the average household income. Fairfield. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks. Most of the townspeople hold bachelors degrees or higher. Wilton is undoubtedly a wealthy community and one of the top ten richest in the state of Connecticut for 2022. Old Greenwich is home to some of the wealthiest Connecticut residents. Name Census collected information for the past five years and breaks the average income levels by age group. Like we said earlier, when we set out to identify the richest places in Connecticut, we werent sure what wed encounter, but it ended up being some of the best places to live in Connecticut. The Easton School District offers many different programs including art, music, and sports. OnlyInYourState may earn compensation through affiliate links in this article. The 20 Worst Places to Live if you Have Arthritis in The U.S. However, the average house prices range from $1,5 million to $3 million. Most of the residents are of white ethnicity, with only 6.1% of students in the public schools eligible for free or reduced lunch. It is a very safe town surrounded by greenery. The financial news and opinion site 24/7 Wall St . The Upper Middle-Class neighborhood has an unemployment rate of 2.8% in its 06073 zip code compared to the Harford County rate of 6% and the state rate of 4.01%. The homes in Westport are primarily owner-occupied (85%) and only 15% rentals. The unemployment rate, as of 2022, is 3.3%, far lower than the state unemployment rate of 4.1%. The city deserves its spot on the list as its well above the average US income. Darian is on Long Island Sound and offers waterfront property for sale and for rent. And that makes living in the state expensive. The median income in this city is $81,634. The homes in Darien are primarily owner-occupied (87%) with only 13% rentals. After we collected the data for all 21 places with more than 9,000 people in Connecticut, we ranked each place from 1 to 21 for each of the criteria, with 1 being the richest. The unemployment rate is 7.3% while the poverty rate is higher at 11.2%. Westport is one of the wealthiest towns in Connecticut. The unemployment rate in this city is 10% and the poverty rate is 9.6%. The communities in this city are close, and they love to sponsor community events for the residents and visitors. Connecticut ( / kntkt / ( listen)) [10] is the southernmost state in the New England region of the Northeastern United States. 20 Cities with the Worst Weather in the U.S. How Eiza Gonzalez Achieved a Net Worth of $5 Million. The second wealthiest town in Connecticut is Riverside. Woodbridge, CT Annual household income: $205,541, 7. The average household income in Woodbridge is $96,919, and the median home price is $595,000. Home to some of the most affluent residents of Connecticut, Darien has a median household income of $232,523. If you live in, Fairfield County's Norwalk, CT is the third richest city in the Nutmeg State. Four Connecticut towns made the top 50 list (well, three. 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. Love Connecticut? Its also a great place for students who want to attend college because it has many colleges and universities nearby such as the University of Connecticut, Yale University, Quinnipiac University, and Sacred Heart University. The town center village is listed as a historic district on the National Register of Historic Places. Shelton places in the number two spot with a median income of $87,277. With a population of 63,518, Greenwich is an upscale community with a median household income of $180,44. Southport has a long history as a summer resort and residential community. Want to learn more about Greenwich, CT? There are also many beautiful parks and green spaces throughout town. Let's go! There are also several public parks located throughout Fairfield that offer great recreational opportunities such as tennis courts, baseball fields, basketball courts, and playgrounds for kids! Want to learn more about Riverside? 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. Its got a population of just over 20,249 (2020) people, but it feels much smaller than that. Its also far below the national average rate of 3.9%. A wealthy enclave on Connecticut's Gold Coast, Greenwich is consistently ranked as one of the richest cities in America. Home to some of the most affluent residents in Connecticut, Westport has a median household income of $206,466. Read More The 20 Safest Places To Live in TennesseeContinue, If you dont know what a HELOC is, dont feel stupid. 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. 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. 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 town is home to many Fortune 500 companies such as General Electric and Terex Corporation. Connecticut is home to some of the wealthiest people in America. Westport is one of the richest towns in Connecticut with a median household income of $222,375. 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. Redding is one of the wealthiest towns in CT. Its a small upscale community with a population of 8,765. 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. Despite its high per capita income, Connecticut is mainly a middle-class state. As at 2019, Connecticut had a per capita income of $44,496. All Rights Reserved. If more people are employed, the richer the future looks. Theres a reason this state is one of the richest in the country. Fairfield offers many different types of housing options including condos, apartments, townhomes, and single-family homes. Almost 6,300 communities met the criteria, which includes approximately 75% of total households in the U.S.". 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! They found this lovely old city during the Covid-19 pandemic and relocated for a safer and serene place to live. Westport residents are well educated with 78% of residents having obtained a bachelors degree or higher. The richest town in Connecticut is Darien, with a median household income of $251,200. 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. Numerous tech billionaires have called the town home, including Googles Eric Schmidt, Facebooks Sheryl Sandberg and Microsofts late co-founder Paul Allen.". Certainly enough time to go to the beach after work for a picnic dinner by the water! The town has the highest percentage of residents who are wealthy, at about 30 percent. With a median household income just shy of a quarter-million a year, Darian is an exclusive place to live. Fairfield County town is one of the most desirable places to live if you have the financial means. Its a socioeconomically Upper Middle-Class city with a median household income of $136,261. Despite its small size, it is home to 18,932 people. Greenwich is another of the wealthiest towns in Connecticut. The high demand is getting harder to find places for sale. The median home value is $766,900, making it more affordable than some other affluent communities. Fairfield County's Norwalk, CT is the third richest city in the Nutmeg State. 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. Easton is a great place to raise a family because it has a good school system. Want to learn more about Darien? Old Greenwich residents are well educated with 80% of residents have obtained a bachelors degree or higher. The unemployment rate is low compared to the state average, and commuters spend an average of 44 minutes driving to work. There are many things to do including going to the beach and shopping at the local malls. The fourth wealthiest town in Connecticut is Old Greenwich. The average household income umped over $20k, but the cost of housing has also risen in this desirable community. 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? Read on to discover the 14 richest towns in Connecticut in 2022. 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. With an average family income of $209,635 and a population of 18,460 inhabitants, Wilton is a relatively wealthy town. West Simsbury, CT Annual household income: $109,590, 19. The climate is better for persons with allergies, asthma, and other respiratory conditions. California was the most represented with 23 cities and towns making the list. Besides these, Colorado has ongoing employment opportunities in aviation,, Read More The 10 Cheapest Places to Live in ColoradoContinue. The average home price in Old Greenwich is $1.8 million. However, test score performance in the public school system gets a poor ranking. The median income is $80,896. The community is known for being tight-knit with safe streets, low unemployment rates, and top-notch schools. Related: The 10 Wealthiest Cities In California. The median household income is just over $190K per year. The town is also home to many hedge fund managers, bankers, and lawyers. The next town on this list is Wilton. South Glastonbury, CT Annual household income: $135,596, 18. Woodbridge is another wealthy Connecticut town. It is located about 29 miles northeast of New York City, offering residents an easy commute to the city. 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. Stamford is situated only 30 miles north of NYC, so it offers residents unparalleled access to the city. We suspect that the recent pandemic took a toll on residents who lost their jobs, with some forced to relocate for more affordable housing. The town also boasts one of the best school systems in all of Connecticut! The town has attracted the rich and famous . It is bordered by Rhode Island to the east, Massachusetts to the north, New York to the west, and Long Island Sound to the south. The staggering low unemployment rate for 2022 is 0.4%, far below the county, state, and national averages for unemployment rates. The unemployment rate is 3%, which beats the state average by 4.1%. 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. Liz loves the process of researching information, learning new things, and putting into words . 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 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. Darien is a small town on Connecticut's gold coast that is home to approximately 6,759 people.

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