richest towns in connecticut richest towns in connecticut

Fairfield is also very safe and has low crime rates. Fairfield. 79.4% of the community are US-born citizens, with 11.73% born in other countries. Its come a long way in the past 10 years since the last Census. New Canaan is expensive, even by Connecticut standards: The median home value is $1.9M, compared to $350,897 for the state overall. It's also one of the most expensive places to live in the country, with a median home price of over $1.5 million. 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. Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. That ratio steadily has been. 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. Old Greenwich residents are well educated with 80% of residents have obtained a bachelors degree or higher. The unemployment rate is 8.0% and the poverty rate is 8.9%. Its safe, with a low crime rate. In 2018, the average household income in its Old Greenwich. A wealthy enclave on Connecticut's Gold Coast, Greenwich is consistently ranked as one of the richest cities in America. As to which are the very wealthiest, find out now as we count down the 10 richest cities in Connecticut. People who suffer from the pain and discomfort of arthritis can improve their symptoms by avoiding certain climates. Wealthiest Towns in CT Final - Suburbs 101. Darians median home value sits at around $1.7M thats more than double the national average. 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 high demand is getting harder to find places for sale. As a sign of just how rich this coastal Connecticut city is, the median income is a massive $321,377. Stamford is situated only 30 miles north of NYC, so it offers residents unparalleled access to the city. There are lots of affluent communities in the Nutmeg State, and some of them are unassuming. COS COB, CT Annual household income: $136,261, 17. The town center village is listed as a historic district on the National Register of Historic Places. Located on Connecticut's Gold Coast, Greenwich is a financial powerhouse and also an exciting place to visit. Youll find parades, festivals, and occasional pop-up art exhibitions. 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. Its in Hartford County. 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. Wilton is undoubtedly a wealthy community and one of the top ten richest in the state of Connecticut for 2022. 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 unemployment rate is 3.2%, compared to the Fairfield County unemployment rate of 5.2%. In terms of per capita income, Connecticut is the richest state in the United States of America. Check them out: What are the oldest towns in Connecticut? 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. Download The Entire Connecticut Ranking Data. 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 most charming small towns in Connecticut are perfect for a day trip or a new home. The towns population is under 21,742 people, yet it is home to at least seven country clubs and three golf courses. There are also several golf courses in town that draw a lot of people from around the world. Ridgefield, CT Annual household income: $206,560, 6. Fairfield County's Norwalk, CT is the third richest city in the Nutmeg State. The downtown area is quaint and charming with plenty of restaurants, shops, and entertainment options. There are also many beautiful parks and green spaces throughout town. Weston is one of the most affluent towns in Connecticut with winding country roads and highly regarded schools. 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. The benefits of living in this city are numerous, such as good schools, safe neighborhoods, and overall great lifestyle quality. Ned Lamont and General Assembly leaders to to focus on offsetting a potential property tax Armageddon. The Population is 8,843 in this close-knit community. Whenever any publication compiles a list of Americas richest cities, theres one name you can always count on seeing Old Greenwich. 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 family home retails for a massive $611,500, almost three times the . The next town on this list is Wilton. A median income that sits at a mammoth $352,839. Most of Connecticuts wealth is concentrated in Fairfield County, which contains many affluent suburbs in Connecticut. 89.3% of the homes are occupied by their owners, with 10.7% as rentals. The median income in this city is $81,634. Its also known for its rich history and is listed on the National Register of Historic Places as Woodbridge Green Historic District. When you look at the data, the cities and places mentioned above meet the criteria for being at the very top of the income ladder for everyone that lives there. 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. Darien is a small town on Connecticuts gold coast that is home to approximately 6,759 people. Its also far below the national average rate of 3.9%. The Census revealed that 87.21% of the people living in the city are white, with 80.8 of students in the public schools listed as white. The average age of residents is between 56 to 57 years, with a white demographic of 89.65%, 5.26% for people claiming mixed race ethnicity, 3.57% African American and 1.54% Asian American. Richest Places in Connecticut Bottom Line, Best First Time Home Buyer Programs & Grants in NYC. The median income in Bristol is $61,551 while the unemployment rate is 7.8% and the poverty rate is 10.3%. The median home value is steep at $1,382,800 for 2022. America's wealthiest people are starting to move into smaller cities, a new wealth report says. 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. Riverside has a population of 8,843. The most affluent settled in the area to enjoy its beautiful beaches and other luxury amenities. If you can swallow up those property prices, theres a good chance youll be rewarded with an income in the region of $222,535. Its a haven for New Yorks very rich to escape the hustle and bustle of big money firms and agencies. The median sales price of homes in Riverside is $834,000. The unemployment rate in this city is 10% and the poverty rate is 9.6%. 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. Connecticut's neighboring towns of Greenwich and Darien have a combined population of around . Learn more about the Homesnacks methods that were used to collect the data and how the statistics were calculated. It is located about 29 miles northeast of New York City, offering residents an easy commute to the city. Suburbs 101 confirms that Riverside is a wealthy suburb of the Town of Greenwich. If you choose to rent an apartment, expect to pay an average of $1,866 monthly. The average home value is $1,150,400. Education Levels 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 Population for 2020 was 1,797, but it has grown to 1,839 for 2022. Certainly enough time to go to the beach after work for a picnic dinner by the water! The climate is better for persons with allergies, asthma, and other respiratory conditions. Westport residents live a good work-life balance with an average commute time of 44 minutes. A Bloomberg report is out on the 100 richest towns in America, and four towns in Connecticut made the list. But its worth it because Connecticut has some of the best opportunities for employment with the states overall unemployment rate holding steady with the national rate. New Cannan, CT Average household income: $200,203.00 Living in New Canaan is like being surrounded by family. Ridgefield offers something for everyone from great schools to recreation for the whole family. Southports location near New York City also makes it attractive for commuters working there. Just 16% of the homes are rentals. We aim to deliver bite-sized pieces of infotainment about where you live. It has a population of 27,141. The unemployment rate is lower than the state rate of 4.1% and the national rate of 3.9%. In a city with a population of 52,005, the median income came in at $81,971. 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. If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already. 10. The town has a population of about 10,278 (2020) people and has a median age of 42 years old. The state is home to 91 of the US 100 most affluent zip codes. 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? Avon, CT Annual household income: $187,080, 10. To keep this list focused on city-sized spots, only communities with more than 9,000 people were considered, including the lovely Norwalk, Connecticut. Its a small, charming seaside community in the Town of Greenwich with a population of 6,873. If you want to live in one of Connecticuts richest places, youre going to need to make upwards of $59,791/year. Middletown, a riverside city south of Hartford, takes the 6th place spot with a median income of $63,828. Home to some of the most affluent residents in Connecticut, Westport has a median household income of $206,466. Stamford is a city in Fairfield County with a population of 14,499. Darian is on Long Island Sound and offers waterfront property for sale and for rent. However, test score performance in the public school system gets a poor ranking. Weston is in Fairfield County. All rights reserved. Want to learn more about Westport? Despite its small size, it is home to 18,932 people. Riverside Profile Page with Infographics. The Population is 27,141, with an average rent of $2,724 if youre not a homeowner. The homes in Darien are primarily owner-occupied (87%) with only 13% rentals. 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. Read More The 20 Safest Places To Live in TennesseeContinue, If you dont know what a HELOC is, dont feel stupid. Visit Bloomberg for the full report. There are many things to do including going to the beach and shopping at the local malls. The unemployment rate tries to capture the prospects for more people to become rich. The average price of a home is $611,500, nearly three times the national average. Rentals are much higher than most, with an average of $2,443 per month for non-homeowners. 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 states Atlantic coast is to the east, while the Gulf of Mexico coastline is to the west. The Census ranks individual city wealth by a formula that averages the household incomes, including the adjusted gross income and the average household income. Unfortunately, however, there can be only one Connecticut place thats worthy of the HomeSnacks crown. 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. Riverside Profile Page with Infographics. 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. 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. Another one of the richest towns in Connecticut is Weston. The average income per family is $130,268, and home prices range anywhere between $500,000 to $2 million. Most residents have at least a bachelors degree or higher and drive an average of 42 minutes to get to work. Old Greenwich enjoys a low crime rate and excellent public schools. The average household income umped over $20k, but the cost of housing has also risen in this desirable community. Wilton steps it up a notch with an upper-class community that is home to a close-knit community, schools that offer prestigious educational opportunities for students, big homes, and safe streets. With 733 . 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. Only 16 states were represented in the top 100. Home to some of the most affluent residents of Connecticut, Weston has a median household income of $222,535. 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. 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.. In fairness, the high prices arent unjustified. Westport, CT Annual household income: $222,535, 4. So, want to know where its just as difficult to Keep up with the Connecticuters as it is The Kardashians? The town is full of greenery and offers residents a tranquil vibe. 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). 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 renter pays $2,336 per month. the average home value is $1,471,700. The rankings are based on income and home value. Related: The 10 Wealthiest Cities In Missouri. Want to learn more about Greenwich, CT? All of these towns are located not too far east of Greenwich . 96% of the residents are homeowners with a median home value of $868,200. Located in Fairfield County, Westport is an affluent town with beaches, private Country Clubs, and Yacht Clubs. We suspect that the recent pandemic took a toll on residents who lost their jobs, with some forced to relocate for more affordable housing. Living there isnt cheap, though. Ridgefield is also home to several conservation areas and preserves that provide a haven for wildlife such as deer, foxes, wild turkeys, and hawks. Married families in Ridgefield average an annual household income of 182,679, but the average is over $206k. The average commute time from home to work is 35.7 minutes. Redding, CT Annual household income: $140,995, 15. Easton has excellent schools both public and private schools are available. Shelton places in the number two spot with a median income of $87,277. When you click through real estate links on our site, we earn an affiliate commission. 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 median income is $58,717. A Bloomberg report is out on the 100 richest towns in America, and four towns in Connecticut made the list. Wilton is surrounded by nature, offering many activities that are perfect for children and encouraging a healthy lifestyle. The median house price in Westport is approximately $1.5 million. 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 a median household income of $1,471,700, this is no place for people on a shoestring budget. Zip Data lists West Hartford as one of the 20 richest cities in the state. Greenwich had a median household income of $180,484 in 2021 and is known as one of the richest cities in America. The unemployment rate, as of 2022, is 3.3%, far lower than the state unemployment rate of 4.1%. Most Expensively 2023. Considering Connecticut isnt the cheapest state in the US to start with, that alone should give you some idea of just how rich this little city is. Its also home to some of the most expensive homes in the state. Liz loves the process of researching information, learning new things, and putting into words . Well, according to the latest Census data, the richest place in The Nutmeg State is Shelton. [1] All data is from the 2010 United States Census and the 2011-2015 American Community Survey 5-Year Estimates.[2][3]. If more people are employed, the richer the future looks. 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