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This small coastal town is the perfect place for raising children, and you can enjoy plenty of outdoor activities, especially walking in nature. Suburbs 101 confirms that Riverside is a wealthy suburb of the Town of Greenwich. Jobs are plentiful in the city with a population of 7,453. And that makes living in the state expensive. What makes some cities more prosperous than others? Ridgefield is one of the wealthiest towns in Connecticut with a median household income of 133,647. Weston is one of the richest towns in Connecticut with a median household income of $207,863. 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. 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. 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. 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. The median home price in Essex was $651,000 in 2022. The median household income at Cos Cob is $138,125. 91.82% of the Population is white, with 87.8% white students in the public school system. 20% of the residents pay rent, with 80% owning their homes. All of this combines to make the local housing market expensive. The town is partly in Hartford County, with some areas in Middlesex County. Counties [ edit] 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. Most of Connecticut's wealth is concentrated in Fairfield County, which contains many affluent suburbs in Connecticut. 83% of the residents have a bachelors degree or higher, and the unemployment rate is low. Westport is in the top five most affluent cities in Connecticut for 2022. 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. Youll find a community of 1,300 Wall Street execs and affiliates living in Old Greenwich, Connecticut. The unemployment rate is 7.3% while the poverty rate is higher at 11.2%. Source: US Internal Revenue Service - 2018. 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. Darien has a population of 21,499. New Canaan is one of the wealthiest towns and among the best places to live in Connecticut. 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. Want to learn more about Darien? Norwalk, CT, USA 4. The unemployment rate tries to capture the prospects for more people to become rich. A comprehensive list of Connecticuts top 10 richest cities, ranked according to median income and other key indicators of wealth. Westport is a popular place for New Yorkers to visit on weekends because of its close proximity to Manhattan. School test performance scores are above average, and 9.2% of students are eligible for free or reduced lunches at school. The average home value is $1,150,400. The town has a thriving arts community and many of its residents are involved in local government or volunteer activities. In Old Greenwich, homes are primarily owner-occupied (84%) and only 16% of homes in Old Greenwich are rentals. The unemployment rate is 3.2%, compared to the Fairfield County unemployment rate of 5.2%. Almost 6,300 communities met the criteria, which includes approximately 75% of total households in the U.S.". What are the most charming small towns in Connecticut? The remaining six wealthy Connecticut communities, all in Greenwich, in order are. It is located about 29 miles northeast of New York City, offering residents an easy commute to the city. HomeSnacks is reader-supported. Located on Connecticut's Gold Coast, Greenwich is a financial powerhouse and also an exciting place to visit. What determines the overall wealth of a city? Feel free to check out some more reading about Connecticut: Population: 40,944Rank Last Year: 1 (No Change)Median Income: $103,647Unemployment Rate: 5.0%Poverty Rate: 6.0%More on Shelton: Real Estate|Photos, Population: 50,694Rank Last Year: 2 (No Change)Median Income: $97,951Unemployment Rate: 5.6%Poverty Rate: 4.1%More on Milford: Real Estate|Photos, Population: 134,820Rank Last Year: 3 (No Change)Median Income: $99,791Unemployment Rate: 5.5%Poverty Rate: 9.4%More on Stamford: Real Estate|Photos, Population: 31,586Rank Last Year: 4 (No Change)Median Income: $86,900Unemployment Rate: 6.1%Poverty Rate: 4.9%More on Naugatuck: Real Estate|Photos, Population: 60,733Rank Last Year: 5 (No Change)Median Income: $73,604Unemployment Rate: 5.9%Poverty Rate: 8.9%More on Bristol: Real Estate|Photos, Population: 86,197Rank Last Year: 7 (Up 1)Median Income: $74,600Unemployment Rate: 6.0%Poverty Rate: 10.6%More on Danbury: Real Estate|Photos, Population: 90,821Rank Last Year: 6 (Down 1)Median Income: $91,434Unemployment Rate: 6.6%Poverty Rate: 9.7%More on Norwalk: Real Estate|Photos, Population: 47,164Rank Last Year: 8 (No Change)Median Income: $67,485Unemployment Rate: 5.6%Poverty Rate: 11.2%More on Middletown: Real Estate|Photos, Population: 40,020Rank Last Year: 9 (No Change)Median Income: $59,791Unemployment Rate: 6.1%Poverty Rate: 10.6%More on Norwich: Real Estate|Photos, Population: 55,518Rank Last Year: 12 (Up 2)Median Income: $66,868Unemployment Rate: 8.7%Poverty Rate: 11.8%More on West Haven: Real Estate|Photos. The fourth wealthiest town in Connecticut is Old Greenwich. 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 average adjusted gross income is $222,660. The median income is $80,896. If you love the outdoors, check out the beautiful. Editors Note: Data has been updated for 2023. It has a great location, close to major highways and a short drive from New York City. With an average family income of $209,635 and a population of 18,460 inhabitants, Wilton is a relatively wealthy town. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks. 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. Being a coastal city, citizens have plenty of opportunities to spend their free time. 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? Unfortunately, however, there can be only one Connecticut place thats worthy of the HomeSnacks crown. [1] All data is from the 2010 United States Census and the 2011-2015 American Community Survey 5-Year Estimates.[2][3]. It is also one of the most diverse towns in the state, with over 50% of its residents being foreign-born. Essex Village, CT Annual household income: $172,302, 12. Stamford is a city in Fairfield County with a population of 14,499. Home prices in town are also high, ranging from $500,000 to $4,000,000. 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 result? America's wealthiest people are starting to move into smaller cities, a new wealth report says. Its a socioeconomically Upper Middle-Class city with a median household income of $136,261. 79.4% of the community are US-born citizens, with 11.73% born in other countries. Suburbs 101is an insiders guide to suburban living. 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. The homes in Darien are primarily owner-occupied (87%) with only 13% rentals. 89.3% of the homes are occupied by their owners, with 10.7% as rentals. Its a great place for families and young professionals to live. 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. The median income in Bristol is $61,551 while the unemployment rate is 7.8% and the poverty rate is 10.3%. There are many things to do including going to the beach and shopping at the local malls. The rankings are based on income and home value. Its a peaceful town thats a great place for people who want to get away from hectic city life and enjoy nature. Ned Lamont and General Assembly leaders to to focus on offsetting a potential property tax Armageddon. Newtown Borough is being credited as the richest town in the state of Connecticut. The average family home retails for a massive $611,500, almost three times the national average. Easton is a great place to raise a family because it has a good school system. Only 16 states were represented in the top 100. Connecticut is one of the wealthiest states in the US. All Rights Reserved. There are lots of affluent communities in the Nutmeg State, and some of them are unassuming. Point 2 Point Homes picked up on the city of Avon, whereas many other demographics lists didnt give them a second look. The largest city in Litchfield County, Torrington, grabs the number eight spot. The median home value is $766,900, making it more affordable than some other affluent communities. 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. The village also includes a historic mill complex and dam. Old Greenwich is one of the richest Neighborhoods in Connecticut with a median household income of $238,750. Easton has excellent schools both public and private schools are available. Located in Fairfield County, Westport is an affluent town with beaches, private Country Clubs, and Yacht Clubs. 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. And out of all the towns in Connecticut, none are wealthier than Greenwich in Fairfield County. The median home value in Easton is over $772,758 making it one of the most expensive places to live in Connecticut. That ratio steadily has been. 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. Darien The richest town in Connecticut is Darien, with a median household income of $251,200. The unemployment rate, as of 2022, is 3.3%, far lower than the state unemployment rate of 4.1%. 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. Home to over 136,309 people, Stamford is the richest city in Connecticut. 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. New Cannan, CT Average household income: $200,203.00 Living in New Canaan is like being surrounded by family. With a median household income of $129,919, it is home to approximately 25,033 people. 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. Connecticut has for many years been labeled the richest state in the nation because of its highest-in-the-nation per capita income, but that may be rapidly changing according to figures from the U.S. Bureau of Economic Analysis. Its also one of the wealthiest towns in Connecticut, with a median annual income per family of $180,057. Another one of the richest towns in Connecticut is Weston. 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. If you're looking for a fun day trip, you will really enjoy, The city of Bristol with a population of 60,437 is ranked number seven. Connecticut's neighboring towns of Greenwich and Darien have a combined population of around . Westport is one of the richest towns in Connecticut with a median household income of $222,375. 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. It has a population of 33,900 residents. It has a population of 27,141. 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. Fairfield County is very close to New York City. And if you have some time on your hands, take a look at how the other 99% live in Connecticuts poorest places. Head to, Natalie is a writer and travel enthusiast who loves uncovering new places along the East Coast. Related: The 10 Wealthiest Cities In Missouri. Download The Entire Connecticut Ranking Data. The homes in Westport are primarily owner-occupied (85%) and only 15% rentals. Fairfield is a moderate-sized city in Fairfield County. Related: The 10 Wealthiest Cities In North Carolina. 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. All of these towns are located not too far east of Greenwich . The unemployment rate is lower than the state rate of 4.1% and the national rate of 3.9%. Westport has a thriving luxury real estate market with the median sales price in Westport at $1,796,000. The community is known for being tight-knit with safe streets, low unemployment rates, and top-notch schools. There is a good reason that Norwalk was listed as one of the. Theres a reason this state is one of the richest in the country. The states Atlantic coast is to the east, while the Gulf of Mexico coastline is to the west. Theres usually something going on for recreation and entertainment in the town and surrounding areas. Woodbridge, CT Annual household income: $205,541, 7. Connecticut is no ones idea of a poor state. United States locations by per capita income, List of Connecticut locations by per capita income, United States counties by per capita income, "U.S. Census Bureau QuickFacts: Connecticut", "SELECTED ECONOMIC CHARACTERISTICS 2011-2015 American Community Survey 5-Year Estimates", "Profile of General Population and Housing Characteristics: 2010 Demographic Profile Data", U.S. states and territories by per capita income, List of United States counties by per capita income, Highest-income counties in the United States, Highest-income metropolitan statistical areas in the United States, Highest-income urban areas in the United States, Highest-income ZCTAs in the United States, Lowest-income counties in the United States, https://en.wikipedia.org/w/index.php?title=List_of_Connecticut_locations_by_per_capita_income&oldid=1133314595, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 13 January 2023, at 05:01. Zip Data lists West Hartford as one of the 20 richest cities in the state. The majority are white-collar workers, just 4.96% in the blue-collar classification. There are many things that families love about living in Wilton including its great school system, safe neighborhoods, and access to shopping centers. The unemployment rate for the city is 3.6%, compared to the state average of 4.1%, and theyre doing well in securing work. With salaries like that, most residents are having no problem in keeping up with those monster mortgage re-payments. Westport Profile Page with Infographics. Westport, CT Annual household income: $222,535, 4. 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. With a median household income of $1,471,700, this is no place for people on a shoestring budget. There are also several golf courses in town that draw a lot of people from around the world. 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. If you plan to buy a home in New Canaan, the average price is $1.36 million. It has an active social scene and boasts an impressive collection of restaurants, shops, and entertainment venues. The Gold Coast, also known as Lower Fairfield County or Southwestern Connecticut not limited to the Connecticut panhandle, . 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. Avons diversity rate is better than most of its neighboring communities. The town is home to many Fortune 500 companies such as General Electric and Terex Corporation. 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. If the thought of paying $868,200 for a home makes you feel queasy, you might want to give Weston a miss. 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. Darien is one of the wealthiest towns in Connecticut. The Population is 8,843 in this close-knit community. 87% of the residents own their homes, and just 13% rent. It has an average household income of $234,152 and 6,611 residents. However, the average house prices range from $1,5 million to $3 million. Were just going to leave this right here. There are plenty of shopping and fine dining venues in Riverside. Learn how your comment data is processed. The staggering low unemployment rate for 2022 is 0.4%, far below the county, state, and national averages for unemployment rates. This site uses Akismet to reduce spam. You can learn more about the top ten below or skip to the end to see the rankings for all 21 places. Want to know where Connecticuts 17 billionaires and 122,000 millionaires live? Other areas of wealth in the state include suburbs surrounding New Haven and Hartford, as well as pockets of Litchfield County. Home to some of the most affluent residents of Connecticut, Darien has a median household income of $232,523. Essex is another one of the richest towns in Connecticut. 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. Let us take a look at some of the richest towns in Connecticut that make up the per capita income. The first thing that comes to most peoples minds when they think about determining the richest places is to simply identify personal incomes. If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already. Its come a long way in the past 10 years since the last Census. 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. 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 average home price in Southport is $600,000. 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. A Bloomberg report is out on the 100 richest towns in America, and four towns in Connecticut made the list. With a median household income just shy of a quarter-million a year, Darian is an exclusive place to live. Other factors influencing the ranking of this city included an unemployment rate of 6.6% and a poverty rate of 7.1%. Greenwich residents are well-educated, with 70.6% having completed at least a bachelors degree. The median household income is $99,791, and the average home price is $672,000. The city has magnificent homes with long driveways accessible through winding country roads and beautiful landscapes. The upside to all those sky-high prices is a median income that ranks as one of the highest in the state. Love Connecticut? Most residents have at least a bachelors degree or higher and drive an average of 42 minutes to get to work. Its a small, charming seaside community in the Town of Greenwich with a population of 6,873. The median household income in Wilton is $204,473 which is over twice as much as the state average of $79,043. Grace Duffield / Hearst Connecticut Media file photo Liz Flynn has worked as a full-time writer since 2010 after leaving a career in education. Haub, who took over the company after the death of his brother, Karl-Erivan, is now worth an estimated $2.9 billion. Avon, CT Annual household income: $187,080, 10. Its a haven for New Yorks very rich to escape the hustle and bustle of big money firms and agencies. Darien Profile Page with Infographics. 6. Its a great place to raise kids, with top-rated schools and safe streets. All rights reserved. Its the place where many believe this country originated, being home to the historic city of Plymouth. Although the town is small, youll find plenty of recreational venues, cafes, restaurants, and shops. As the name implies, Southport is a port city that is situated on the coast. The median household income in Riverside is $250,000, and most homes sell for over $2.5 million. Its the basis on which we chose the 20 richest towns in Connecticut, and the results might surprise you. Its also very well educated, with over half of its residents having a college degree. 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. Most homes were built in 1965 when the community saw its largest growth spurt. When Does a Seller Get Their Money After Closing on a House? Weston Profile Page with Infographics. Only 15% of the residents rent because most people there are homeowners. Riverside also offers residents a quick commute into NYC. Head out on a fun getaway to these spots: Thank you! Darian If you want to live in Darian, you'd better start saving. They found this lovely old city during the Covid-19 pandemic and relocated for a safer and serene place to live. The unemployment and poverty rates are 7.9% and 8.5% respectively. Theres a premium on living in a safe neighborhood with all the trappings of a luxurious existence. The unemployment and poverty rates are 6.3% and 11.4% respectively. 20 Cities with the Worst Weather in the U.S. How Eiza Gonzalez Achieved a Net Worth of $5 Million. Located in Fairfield County, Weston has a population of 10,354. Point 2 Point Homes advises that the small community of 8,779 people has an average household income of more than $200k per year. According to the most recent data, the number of people living in Ridgefield has decreased by 0.7% since 2020. The average home value is $1,561,200, with 84% of the residents owning their own homes. Southport has a long history as a summer resort and residential community. Are you surprised by this list of the richest cities in Connecticut? The town center village is listed as a historic district on the National Register of Historic Places. Darian is one of the richest towns in Connecticut with a median household income of nearly $243,750. Riverside Profile Page with Infographics. Weston is in Fairfield County. She finds almost all topics she writes about interesting, but her favorite subjects are travel and food. 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. 96% of the residents are homeowners with a median home value of $868,200. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[336,280],'homesnacks_com-medrectangle-3','ezslot_2',143,'0','0'])};__ez_fad_position('div-gpt-ad-homesnacks_com-medrectangle-3-0');So, what is the richest place in Connecticut? A relatively small town, it offers the opportunity of doing great outdoor activities. Lidia Ryan is the managing editor of trending and features for Hearst Connecticut Media Group and is part of the digital team. 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. What is it like to live in Greenwich, CT? Education Levels Wilton, CT Annual household income: $193,292, 9. Inflation-adjusted household income is one of the factors. Its also home to the states only national historic site, Weir Farm. Richest Places in Connecticut Bottom Line, Best First Time Home Buyer Programs & Grants in NYC. According to the report, the four towns are Darien, Old Greenwich, Riverside, and . What is it like to live in Greenwich, CT. 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. Most of the properties in Riverside are primarily owner-occupied (80%) with only 20% rentals. It also has a number of highly rated public and private schools, which can be a major plus for families with children. 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. Weston, CT Annual household income: 222,535, 3. Currently, Lee is practicing the smidgen of Chinese that he picked up while visiting the Chinese mainland in hopes of someday being able to read certain historical texts in their original language. Rich people not your cup of tea? 25 Wealthiest Towns in the New York Suburbs, What are the Highest Paying Jobs in New York? Southports location near New York City also makes it attractive for commuters working there. Read More The 20 Safest Places To Live in TennesseeContinue, If you dont know what a HELOC is, dont feel stupid. The Easton School District offers many different programs including art, music, and sports. Weston residents live a good work-life balance with an average commute time of 42 minutes. 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. On this Wikipedia the language links are at the top of the page across from the article title. Its an Upper-Middle-Class town with a median household income of just under $141K. You catch that vibe when you visit New Canaan, but its not cheap to live there. 2015-2023 Chasing Chains, LLC. California was the most represented with 23 cities and towns making the list. Numerous tech billionaires have called the town home, including Googles Eric Schmidt, Facebooks Sheryl Sandberg and Microsofts late co-founder Paul Allen.". This time the list is from Bloomberg. Use Next and Previous buttons to navigate. The high demand is getting harder to find places for sale. The oldest towns in Connecticut are perfect places to visit for those who love learning about history. Matter of fact, its because there are a bunch of well-to-do people that call this New England state home. A handful of factors, from the number of businesses in an area to its median income, have an impact on whether residents are thriving or struggling financially. A wealthy enclave on Connecticut's Gold Coast, Greenwich is consistently ranked as one of the richest cities in America. Wilton is surrounded by nature, offering many activities that are perfect for children and encouraging a healthy lifestyle.