richest towns in connecticut

Despite its high per capita income, Connecticut is mainly a middle-class state. Essex is another one of the richest towns in Connecticut. Home to some of the most affluent residents of Connecticut, Darien has a median household income of $232,523. Weston is one of the most affluent towns in Connecticut with winding country roads and highly regarded schools. 1. 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. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks. Essex Village is a highly desirable community to live in for the affluent. How Much Are Closing Costs in Texas & Who Pays Them. The town center village is listed as a historic district on the National Register of Historic Places. 9. The first thing that comes to most peoples minds when they think about determining the richest places is to simply identify personal incomes. All Rights Reserved. Wilton is surrounded by nature, offering many activities that are perfect for children and encouraging a healthy lifestyle. The 20 Richest Towns in Connecticut in 2022; Liz Flynn. Wilton is undoubtedly a wealthy community and one of the top ten richest in the state of Connecticut for 2022. With a median household income of $1,471,700, this is no place for people on a shoestring budget. The local school system is also amongst the best in the state. A Bloomberg report is out on the 100 richest towns in America, and four towns in Connecticut made the list. Dariens median home value is $1,654,00. Were just going to leave this right here. The downtown area is quaint and charming with plenty of restaurants, shops, and entertainment options. What determines the overall wealth of a city? Most of Connecticuts wealth is concentrated in Fairfield County, which contains many affluent suburbs in Connecticut. Avon, CT Annual household income: $187,080, 10. The median sales price is residential sales data for 12 month period ending January 2023. The town is full of greenery and offers residents a tranquil vibe. 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. Atherton, CA topped the list. 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. Its one of the areas wealthiest communities, with the median annual household income at over $215k. Connecticut's neighboring towns of Greenwich and Darien have a combined population of around . According to Area Vibes, the cost of living in Westport is 82% higher than the Connecticut average. From Hedge Fund Executives to High Profile Athletes, these wealthy Americans call Connecticut their home. Weston, CT Annual household income: 222,535, 3. Ridgefield is also home to several conservation areas and preserves that provide a haven for wildlife such as deer, foxes, wild turkeys, and hawks. Riverside Profile Page with Infographics. Old Greenwich is a perfect place to live if youre looking for an upscale quiet community with excellent schools, but its not exactly pedestrian friendly when it comes to getting around town! 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. We analyzed 21 places in Connecticut to determine where the 1% live. Wilton has impressive parks and rec programs to provide residents with many green areas to enjoy public events or family picnics. 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. The second wealthiest town in Connecticut is Riverside. Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. The third on the list is Westport. It is a very safe town surrounded by greenery. Read More The 20 Safest Places To Live in TennesseeContinue, If you dont know what a HELOC is, dont feel stupid. The state is home to 91 of the US 100 most affluent zip codes. New Cannan, CT Average household income: $200,203.00 Living in New Canaan is like being surrounded by family. The median household income is $99,791, and the average home price is $672,000. A median income that sits at a mammoth $352,839. What are the most charming small towns in Connecticut? What is it like to live in Greenwich, CT. The poverty rate is remarkably low at 1.12%, with median rent at $1,832 per month. 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. Stamford Wikipedia/John The next town on this list is Wilton. Check them out: What are the oldest towns in Connecticut? The town is also home to many hedge fund managers, bankers, and lawyers. 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.. Milford grabbed the top place in this list of richest cities. There are plenty of shopping and fine dining venues in Riverside. We use data, analytics, and a sense of humor to determine quality of life for places across the nation. 20 Cities with the Worst Weather in the U.S. How Eiza Gonzalez Achieved a Net Worth of $5 Million. However, test score performance in the public school system gets a poor ranking. The average value of a home is just under $800,000, which is on par with the average household income. 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. Redding is one of the wealthiest towns in CT. Its a small upscale community with a population of 8,765. Weston residents are well educated with 78% of residents having obtained a bachelors degree or higher. The median income is $80,896. As at 2019, Connecticut had a per capita income of $44,496. As to which are the very wealthiest, find out now as we count down the 10 richest cities in Connecticut. If you choose to rent an apartment, expect to pay an average of $1,866 monthly. Head to, Natalie is a writer and travel enthusiast who loves uncovering new places along the East Coast. A town covered in vibrant nature, Avon is one of the richest towns in Connecticut. Riverside residents are well educated with 73% of residents have obtained a bachelors degree or higher. Related: The 10 Wealthiest Cities In Missouri. Westport is in the top five most affluent cities in Connecticut for 2022. If the thought of paying $868,200 for a home makes you feel queasy, you might want to give Weston a miss. Greenwich had a median household income of $180,484 in 2021 and is known as one of the richest cities in America. Youll find a community of 1,300 Wall Street execs and affiliates living in Old Greenwich, Connecticut. There are also plenty of parks throughout the town including Waterside Park which offers a great view of Long Island Sound as well as tennis courts and playgrounds for children. Renters pay an average of $1,361 per month. Below is a list of the wealthiest towns in Connecticut. Old Greenwich Annual household income: $222,794, 2. A rain garden is an area dug slightly below the surrounding area that can catch and collect rainfall and keep it from carrying pollutants downstream. The average home value is $466,000, making it one of the more affordable rich neighborhoods to buy a house. The town is home to many Fortune 500 companies such as General Electric and Terex Corporation. Not to mention, if youre looking to get your kid into a university that produces more millionaires than the Connecticut Lottery, theres the University of Connecticut in Storrs and Yale University in New Haven. Want to learn more about Weston? Gov. Only 16 states were represented in the top 100. Actual ranking depends on what metrics are used, but in general, Connecticut ranks within the five wealthiest states in the country. All of this combines to make the local housing market expensive. 78% of them have at least a bachelors degree. 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. West Simsbury has 151,104 residents as of 2022. The town has attracted the rich and famous . Youll find parades, festivals, and occasional pop-up art exhibitions. . If more people are employed, the richer the future looks. West Hartford, CT Annual household income: $142,197, 14. The median income in Bristol is $61,551 while the unemployment rate is 7.8% and the poverty rate is 10.3%. Read on to discover the 14 richest towns in Connecticut in 2022. 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. Known for its luxury waterfront homes, Old Greenwich has a median sales price of $2,063,000. The average home price in Southport is $600,000. Theres usually something going on for recreation and entertainment in the town and surrounding areas. Lidia has more than 10 years experience in news and digital media and holds a degree in journalism from the University of Connecticut. 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. 89.3% of the homes are occupied by their owners, with 10.7% as rentals. The streets are safe, and the schools are highly rated. Also in Fairfield County, the waterfront city of Stamford is ranked 4th on the list. Unexpectedly, after looking at the median income of residents, along with poverty levels and unemployment rates, we found that wealth is spread throughout the state. It has a population of 27,141. Essex is situated near the Connecticut river, a few miles north of some of the states best beach towns. 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. The financial news and opinion site 24/7 Wall St . This time the list is from Bloomberg. And out of all the towns in Connecticut, none are wealthier than Greenwich in Fairfield County. Love Connecticut? The average home price in Old Greenwich is $1.8 million. Old Greenwich Profile Page with Infographics. The greatest investment during 2015 has been in the alternative accommodations, Read More Where $100 million in Vacation Rental Startups is GoingContinue, Colorado is an incredible state to stay in if you are looking for a place with amazing weather, plenty of food, sports, cultural, and outdoor activities. Located on Long Island Sound, Southport is a charming seaside community with a vibrant downtown area and beautiful beaches. The average home value is $1,561,200, with 84% of the residents owning their own homes. The median income in this city is $81,634. 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. Weston residents live a good work-life balance with an average commute time of 42 minutes. 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. This site uses Akismet to reduce spam. The average commute time from home to work is 31 minutes. The benefits of living in this city are numerous, such as good schools, safe neighborhoods, and overall great lifestyle quality. Cos Cob is one of the wealthiest communities in Connecticut with a median home sales price of $1,312,000. 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. 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. 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. 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. Home to over 136,309 people, Stamford is the richest city in Connecticut. 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. Westport Profile Page with Infographics. Avon is the home of 1,206 entrepreneurs. 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. Home to some of the most affluent residents in Connecticut, Westport has a median household income of $206,466. With an average household income of $236,892 per year, it is one of the richest towns in the state. With salaries like that, most residents are having no problem in keeping up with those monster mortgage re-payments. Four Connecticut towns made the top 50 list (well, three depending on how you look at it): Darien, Old Greenwich, Riverside (Greenwich) and Westport. The 2010 Census revealed a growth from 6.751 residents to 7,150, showing that the town is gaining its population base. Keep reading. Its also one of the most expensive places to live in the country, with a median home price of over $1.5 million. It has an average household income of $234,152 and 6,611 residents. All rights reserved. A wealthy enclave on Connecticut's Gold Coast, Greenwich is consistently ranked as one of the richest cities in America. If you plan to buy a home in the city, the median home value is $330,100. Look here. 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. Westport is one of the richest towns in Connecticut with a median household income of $222,375. 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. There are lots of affluent communities in the Nutmeg State, and some of them are unassuming. Located in Fairfield County, Westport is an affluent town with beaches, private Country Clubs, and Yacht Clubs. On top of all these benefits, Westport is also an attractive place for people who want to start businesses because they can get affordable office space and high-quality amenities like restaurants and nightlife. New Canaan is one of the wealthiest towns in Connecticut with a median sales price of $1,155,000. The majority are white-collar workers, just 4.96% in the blue-collar classification. Whether you have money to burn or are living on a budget, everyone enjoys these free activities in Connecticut. They found this lovely old city during the Covid-19 pandemic and relocated for a safer and serene place to live. According to the report, the four towns are Darien, Old Greenwich, Riverside, and . Fairfield. It has an average household income of $204,792, and the home prices range between $600,000-$800,000. Its also very well educated, with over half of its residents having a college degree. The average family home retails for a massive $611,500, almost three times the . The city has grown over the past decade, increasing from 8,223 residents to 9,110. Stamford, CT Annual household income: $152,102, 11. Its smaller than Ridgefield but slightly more affluent. Newtown Borough is being credited as the richest town in the state of Connecticut. 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. Most Dangerous Neighborhoods in Washington DC. Darians median home value sits at around $1.7M thats more than double the national average. According to the report, the four towns are Darien, Old Greenwich, Riverside, and . Greenwich is another of the wealthiest towns in Connecticut. Darian If you want to live in Darian, you'd better start saving. 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. Home to some of the most affluent residents of Connecticut, Weston has a median household income of $222,535. Its a haven for New Yorks very rich to escape the hustle and bustle of big money firms and agencies. Newtown Borough is being credited as the richest town in the state of Connecticut. The village also includes a historic mill complex and dam. The schools are excellent and the town is beautiful, with tree-lined streets and old-fashioned townhouses. 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. Located on Connecticut's Gold Coast, Greenwich is a financial powerhouse and also an exciting place to visit. In addition to having a high income, Wilton residents also have a very low poverty rate at just 2.4%. The unemployment and poverty rates are 7.9% and 8.5% respectively. 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. As one of the Nutmeg state's oldest towns, it also represents one of the richest. 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. The unemployment rate is 7.3% while the poverty rate is higher at 11.2%. Most of the properties in Riverside are primarily owner-occupied (80%) with only 20% rentals. The homes in Darien are primarily owner-occupied (87%) with only 13% rentals. Above is a fundraiser at the famous Glass House in New Canaan. The climate is better for persons with allergies, asthma, and other respiratory conditions. New Canaan is one of the wealthiest towns and among the best places to live in Connecticut. The most charming small towns in Connecticut are perfect for a day trip or a new home. Most of the residents have gainful employment with high-paying jobs. It has a population of 33,900 residents. Point 2 Point Homes picked up on the city of Avon, whereas many other demographics lists didnt give them a second look. Woodbridge, CT Annual household income: $205,541, 7. Riverside Profile Page with Infographics. The average family home retails for a massive $611,500, almost three times the national average. Fairfield, CT Annual household income: $139,122, 16. Southport is an affluent town in Connecticut. Fairfield County is very close to New York City. There is a good reason that Norwalk was listed as one of the. 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. Her academic degrees include AA social Sci/BA English/MEd Adult Ed & Community & Human Resource Development and ABD in PhD studies in Indust & Org Psychology. The median income in Danbury is $67,430 helping to secure its 5th place ranking. Its the place where many believe this country originated, being home to the historic city of Plymouth. The homes in Westport are primarily owner-occupied (85%) and only 15% rentals. You catch that vibe when you visit New Canaan, but its not cheap to live there. When Does a Seller Get Their Money After Closing on a House? The Census ranks individual city wealth by a formula that averages the household incomes, including the adjusted gross income and the average household income. Theyre well educated, and many residents commute to the city for their jobs with an average travel time of 38 minutes. Connecticut is home to some of the wealthiest people in America. What makes some cities more prosperous than others? The average commute time from home to work is 23.6 minutes, suggesting ample employment opportunities in South Glastonbury. Suburbs 101is an insiders guide to suburban living. 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 average price of a home is $611,500, nearly three times the national average. New Canaan and other wealthy towns made it onto the state's list of "disproportionately impacted areas" for favorable treatment in the marijuana legalization rollout, due to a quirk in the data. Its also home to the states only national historic site, Weir Farm.

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