Dana has extensive professional writing experience including technical and report writing, informational articles, persuasive articles, contrast and comparison, grant applications, and advertisement. As at 2019, Connecticut had a per capita income of $44,496. The average home price in Old Greenwich is $1.8 million. 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. Fairfield is one of the richest towns and among the best places to live in Connecticut. The unemployment rate is just 3.1%, with an average commute of 33 minutes. The schools are among the best in the state, making them the ideal place to raise a family. The average home value is $466,000, making it one of the more affordable rich neighborhoods to buy a house. Four Connecticut towns made the top 50 list (well, three. Look here. Name Census collected information for the past five years and breaks the average income levels by age group. Darian is on Long Island Sound and offers waterfront property for sale and for rent. Most Expensively 2023. Love Connecticut? 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 homes in Westport are primarily owner-occupied (85%) and only 15% rentals. Source: US Internal Revenue Service - 2018. Only 16 states were represented in the top 100. Editors Note: Data has been updated for 2023. Unfortunately, however, there can be only one Connecticut place thats worthy of the HomeSnacks crown. COS COB, CT Annual household income: $136,261, 17. View Map of 25 Poorest Zipcodes in Connecticut. Head out on a fun getaway to these spots: Thank you! Fairfield County town is one of the most desirable places to live if you have the financial means. New Canaan is one of the wealthiest towns in Connecticut with a median sales price of $1,155,000. Lidia Ryan is the managing editor of trending and features for Hearst Connecticut Media Group and is part of the digital team. New Canaan is situated right next to Darien and is also one of the richest towns in Connecticut. And that makes living in the state expensive. The 10 Wealthiest Neighborhoods in San Francisco, median household income of nearly $243,750, The 10 Wealthiest Cities In North Carolina, median household income in Wilton is $204,473, population of just over 20,249 (2020) people, median home value in Easton is over $772,758, The 10 Richest Cities in Michigan Based on Median Income, The 10 Richest Neighborhoods in New York City, The 10 Wealthiest Cities in Georgia Based on Median Income, The 10 Wealthiest Cities in California Based on Median Income, The 10 Wealthiest Cities in Illinois Based on Median Income, The 10 Wealthiest Cities in Missouri Based on Median Income, The 10 Wealthiest Cities in North Carolina Based on Median Income, The 10 Wealthiest Cities in Maryland Based on Median Income. The Population is 27,141, with an average rent of $2,724 if youre not a homeowner. Located on Connecticut's Gold Coast, Greenwich is a financial powerhouse and also an exciting place to visit. Greenwich had a median household income of $180,484 in 2021 and is known as one of the richest cities in America. Southport has a long history as a summer resort and residential community. The average home value is $650,400. According to Area Vibes, the cost of living in Westport is 82% higher than the Connecticut average. The states Atlantic coast is to the east, while the Gulf of Mexico coastline is to the west. Ridgefield, CT Annual household income: $206,560, 6. Well, according to the latest Census data, the richest place in The Nutmeg State is Shelton. Related: The 10 Wealthiest Cities In California. Lidia has more than 10 years experience in news and digital media and holds a degree in journalism from the University of Connecticut. Darien is a small town on Connecticuts gold coast that is home to approximately 6,759 people. 1. Haub, who took over the company after the death of his brother, Karl-Erivan, is now worth an estimated $2.9 billion. 79.4% of the community are US-born citizens, with 11.73% born in other countries. Liz loves the process of researching information, learning new things, and putting into words . 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 average home price in Southport is $600,000. Whenever any publication compiles a list of Americas richest cities, theres one name you can always count on seeing Old Greenwich. Home to some of the most affluent residents in Connecticut, Westport has a median household income of $206,466. Located in Fairfield County, Weston has a population of 10,354. 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. Four Connecticut towns made the top 50 list (well, three depending on how you look at it): Darien, Old Greenwich, Riverside (Greenwich) and Westport. 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. Riverside residents are well educated with 73% of residents have obtained a bachelors degree or higher. 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.. Old Greenwich has a population of 6,962 and a median household income of $222,794. The homes in Darien are primarily owner-occupied (87%) with only 13% rentals. Woodbridge is another wealthy Connecticut town. Riverside Profile Page with Infographics. The third on the list is Westport. Easton, CT Annual household income: $166,875, 13. The community is known for being tight-knit with safe streets, low unemployment rates, and top-notch schools. 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. If the idea of paying $2,724 in rent each month makes you feel the same, definitely scratch it from your list. 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. On this Wikipedia the language links are at the top of the page across from the article title. In 2018, the average household income in its Old Greenwich. Weston is in Fairfield County. And out of all the towns in Connecticut, none are wealthier than Greenwich in Fairfield County. Westport is one of the wealthiest towns in Connecticut. >> Click through to see how each CT spot ranked as well as each household income average. Related: The 10 Wealthiest Cities In New York. Easton has a thriving downtown area with many restaurants, shops, and entertainment options. Related: The 10 Wealthiest Neighborhoods in San Francisco. 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. Here's The Richest Town In Connecticut | Darien, CT Patch Property values are high, the median sales price is $1,029,000. (and lowest paying jobs). The next richest town in Connecticut is Ridgefield. The most affluent settled in the area to enjoy its beautiful beaches and other luxury amenities. The median income in this city is $81,634. 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. Westport is a very desirable place to live as it ranks highly for safety. You can download the data here. 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. 6. Fairfield offers many different types of housing options including condos, apartments, townhomes, and single-family homes. However, it is true that overall, the Nutmeg State is richer than most. 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. Bloomberg reports that in Atherton, "the cheapest house on the market is currently listed for $2.5 million, according to real estate marketplace Zillow.com. Is Connecticut still the richest state in the nation? Barely It is a Fairfield County city home to many wealthy residents who enjoy private country clubs, yacht clubs, and pristine beaches. 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. 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. OnlyInYourState may earn compensation through affiliate links in this article. Its less ideal, however, if your bills are already bigger than your income. All of these towns are located not too far east of Greenwich . However, test score performance in the public school system gets a poor ranking. The average household income in Woodbridge is $96,919, and the median home price is $595,000. 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? Want to learn more about Westport? Riverside also offers residents a quick commute into NYC. Actual ranking depends on what metrics are used, but in general, Connecticut ranks within the five wealthiest states in the country. A list of the richest cities in Connecticut was released by Homesnacks and we think you might be surprised at which places made the list. 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! All of this combines to make the local housing market expensive. The town has a population of about 10,278 (2020) people and has a median age of 42 years old. Inflation-adjusted household income is one of the factors. 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. Although the town is small, youll find plenty of recreational venues, cafes, restaurants, and shops. Greenwich residents are well-educated, with 70.6% having completed at least a bachelors degree. Westport, CT Annual household income: $222,535, 4. 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. South Glastonbury is a small town with a growing population ranging from 4848 to 5651. This is a carousel. 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. 89.3% of the homes are occupied by their owners, with 10.7% as rentals. Shelton places in the number two spot with a median income of $87,277. 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 median household income in New Canaan is $214,977. According to the report, the four towns are Darien, Old Greenwich, Riverside, and . Most residents have at least a bachelors degree or higher and drive an average of 42 minutes to get to work. In a city with a population of 52,005, the median income came in at $81,971. This affluent community is the home of 18,410 residents with an average age of 45 years, with slightly more females than males. To keep this list focused on city-sized spots, only communities with more than 9,000 people were considered, including the lovely Norwalk, Connecticut. Fairfield County towns have made yet another list of the richest places in the U.S. 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. The small community has a population of 7,586 residents. The Population for 2020 was 1,797, but it has grown to 1,839 for 2022. The Most Affluent, Richest, High-Income Places in the US Located in Fairfield County, Westport is an affluent town with beaches, private Country Clubs, and Yacht Clubs. Download The Entire Connecticut Ranking Data. 2015-2023 Chasing Chains, LLC. Westport is in the top five most affluent cities in Connecticut for 2022. As of the 2020 census, the population was 1,710. There are many things that families love about living in Wilton including its great school system, safe neighborhoods, and access to shopping centers. This small coastal town is the perfect place for raising children, and you can enjoy plenty of outdoor activities, especially walking in nature. Darien is a small town on Connecticut's gold coast that is home to approximately 6,759 people. The average adjusted gross income is $222,660. 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. Fairfield. After all, rich people have really high salaries. Its also known for its rich history and is listed on the National Register of Historic Places as Woodbridge Green Historic District. Milford grabbed the top place in this list of richest cities. With salaries like that, most residents are having no problem in keeping up with those monster mortgage re-payments. Connecticut is no ones idea of a poor state. Get more stories delivered right to your email. 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. [1] All data is from the 2010 United States Census and the 2011-2015 American Community Survey 5-Year Estimates.[2][3]. Only 15% of the residents rent because most people there are homeowners. Most homes were built in 1965 when the community saw its largest growth spurt. Visit Bloomberg for the full report. Easton has excellent schools both public and private schools are available. Wealthiest Towns in CT Final - Suburbs 101. America's wealthiest people are starting to move into smaller cities, a new wealth report says. 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. Youll find parades, festivals, and occasional pop-up art exhibitions. The 20 Richest Towns in Connecticut - moneyinc.com Education Levels Atherton, CA topped the list. 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. The financial news and opinion site 24/7 Wall St . Home to some of the most affluent residents of Connecticut, Darien has a median household income of $232,523. 1. 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 Community Trail runs along the Long Island Sound and is a great place to walk or ride your bike. Fairfield County is very close to New York City. List of Connecticut locations by per capita income - Wikipedia This site uses Akismet to reduce spam. When you learn that the average cost of a single-family home is $1,150,400 and the median income is $206,466, youll be left in no doubt. 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 The city has grown over the past decade, increasing from 8,223 residents to 9,110. Newtown Borough is being credited as the richest town in the state of Connecticut. This year we asked our panel of experts to give some extra love to those restaurants where amore is on Nathan Spotts/Lauren Kinkade / Contributed Photo, Tyler Sizemore / Hearst Connecticut Media, Photos courtesy of William Pitt Sotheby's International Realty, H John Voorhees III / Hearst Connecticut Media, 2023 Hearst Media Services Connecticut, LLC, Just Salad restaurant celebrating grand opening in Fairfield, CTs Beardsley Bart makes his annual Groundhog Day prediction, Penny's Diner closes its Fairfield location after 40 years, Ppin, Sarandon talk food, joy of Rice Krispies at live CT show, New soul food restaurant, Everybody Eatz, opens in Bridgeport, Fairfield fried chicken restaurant Lovebird closes, CT Girl Scouts try to publish climate book after DiCaprio tweet, 29 Markle Ct, an upscale new American restaurant, now open, Carl Anthony Trattoria in Monroe relocating after 25 years, Manna Toast in Westport announces closing by year's end. Westport residents live a good work-life balance with an average commute time of 44 minutes. The current Population is 2,601, with an annual growth rate of 0.35%. Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. 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. All in all, Riverside is a town that offers a great quality of life to its citizens. California was the most represented with 23 cities and towns making the list. Essex Village, CT Annual household income: $172,302, 12. It's also very well educated, with over half of its residents having a college degree. The unemployment rate is slightly higher at 3.6%, with the average commute time for workers at 31.3 minutes. A CT bill would expand it fur, Is CT recycling going into the trash? All rights reserved. Darien has a population of 21,499. We love the detailed statistics that give us a clear snapshot of the socioeconomic dynamics of the city. The unemployment rate is 3%, which beats the state average by 4.1%. Darians median home value sits at around $1.7M thats more than double the national average. Related: The 10 Wealthiest Cities In Missouri. Its capital is Hartford, and its most populous city is Bridgeport. The town has the highest percentage of residents who are wealthy, at about 30 percent. Safest Cities In Connecticut (Updated For 2021) - HomeSnacks It also has a number of highly rated public and private schools, which can be a major plus for families with children. 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 average commute time for workers is 26.5 minutes, suggesting plenty of local jobs in the citys economy. Also in Fairfield County, the waterfront city of Stamford is ranked 4th on the list. People love to enjoy life and share it with family, friends, and neighbors. The average income per family is $130,268, and home prices range anywhere between $500,000 to $2 million. If the thought of paying $868,200 for a home makes you feel queasy, you might want to give Weston a miss. (Infographs), What are the Highest Paying Jobs in New Jersey? The 20 Most Affordable Places to Live in Connecticut - Money Inc Westport was third in the state, and no. A comprehensive list of Connecticuts top 10 richest cities, ranked according to median income and other key indicators of wealth. This Is The Wealthiest Town In Connecticut Home to some of the most affluent residents of Connecticut, Weston has a median household income of $222,535. 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. The 2010 Census revealed a growth from 6.751 residents to 7,150, showing that the town is gaining its population base. The rankings are based on income and home value. Research has shown that the climate of a location does have an impact on persons with moderate, Read More The 20 Worst Places to Live if you Have Arthritis in The U.S.Continue, If your dream is to live or explore in the wealthiest neighborhoods, California is the state for you. The unemployment rate for the city is 3.6%, compared to the state average of 4.1%, and theyre doing well in securing work. Citizens of COS COB have an average commute time from home to work of 31.9 minutes, suggesting they dont need to travel far for work. If youre in the market for a decently sized family home, dont expect to get much change from $1,283,146 a staggering amount, even by Connecticuts standards. The average value of a home is just under $800,000, which is on par with the average household income. 22 overall, with average household income at $270,222. 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. Wilton is undoubtedly a wealthy community and one of the top ten richest in the state of Connecticut for 2022. 20 Cities with the Worst Weather in the U.S. How Eiza Gonzalez Achieved a Net Worth of $5 Million. The towns population is under 21,742 people, yet it is home to at least seven country clubs and three golf courses. Located on Long Island Sound, Southport is a charming seaside community with a vibrant downtown area and beautiful beaches. 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. If you plan to buy a home in New Canaan, the average price is $1.36 million. The beautiful neighborhood is small, just 6,962, after the influx of rich business professionals. 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. Test performance scores in public schools are above average, slightly lower than in Ridgefield. The average commute time from home to work is 31 minutes. Test performance scores in public schools are ranked as excellent. . Matter of fact, its because there are a bunch of well-to-do people that call this New England state home. 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. And if you have some time on your hands, take a look at how the other 99% live in Connecticuts poorest places. Its the basis on which we chose the 20 richest towns in Connecticut, and the results might surprise you. Well, HomeSnacks crunched the numbers and discovered that Stamford is the most expensive place to live in Connecticut. What is it like to live in Greenwich, CT? Want to learn more about Old Greenwich? The first thing that comes to most peoples minds when they think about determining the richest places is to simply identify personal incomes. Connecticut has a large number of wealthy towns and cities with high incomes among its residents, but this does not mean that every resident of Connecticut lives in a wealthy area. Other areas of wealth in the state include suburbs surrounding New Haven and Hartford, as well as pockets of Litchfield County . New Canaan is expensive, even by Connecticut standards: The median home value is $1.9M, compared to $350,897 for the state overall. 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. If you love the outdoors, check out the beautiful. A median income that sits at a mammoth $352,839. Read More The 20 Safest Places To Live in TennesseeContinue, If you dont know what a HELOC is, dont feel stupid. The climate is better for persons with allergies, asthma, and other respiratory conditions. 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! Ridgefield offers something for everyone from great schools to recreation for the whole family. We analyzed 21 places in Connecticut to determine where the 1% live. 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. 91.82% of the Population is white, with 87.8% white students in the public school system. The richest town in Connecticut is Darien, with a median household income of $251,200. 10 Wealthiest Towns in Connecticut (2023) - Suburbs 101