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 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. With a median household income of $129,919, it is home to approximately 25,033 people. Rich people not your cup of tea? 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. So, want to know where its just as difficult to Keep up with the Connecticuters as it is The Kardashians? Its also one of the most expensive places to live in the country, with a median home price of over $1.5 million. A median income that sits at a mammoth $352,839. There are also many beautiful parks and green spaces throughout town. Located on Long Island Sound, Southport is a charming seaside community with a vibrant downtown area and beautiful beaches. New Canaan has a small-town feel with big-city amenities. Related: The 10 Wealthiest Cities In Missouri. Most homes were built in 1965 when the community saw its largest growth spurt. 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. The town center village is listed as a historic district on the National Register of Historic Places. Westport is one of the wealthiest towns in Connecticut. Theres usually something going on for recreation and entertainment in the town and surrounding areas. Want to learn more about Darien? 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. 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. Riverside Profile Page with Infographics. Ridgefield is one of the wealthiest towns in Connecticut with a median household income of 133,647. The unemployment rate is 3.2%, compared to the Fairfield County unemployment rate of 5.2%. 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. 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! 20% of the residents pay rent, with 80% owning their homes. Richest Places in Connecticut Bottom Line, Best First Time Home Buyer Programs & Grants in NYC. This site uses Akismet to reduce spam. Only 4% of the homes in the community are available for rent. In todays world of language everything has an acronym dreamed up by some marketing or English major who feels the need to make everything, Read More Tips on How to Use a HELOC To Buy Real EstateContinue, Tucked in between North America and South America, the 20 countries that make up Latin America cover an enormous range of landscapes, climates, cultures, and traditions. Weston is one of the richest towns in Connecticut with a median household income of $207,863. Stamford Wikipedia/John 6. Weston is one of the most affluent towns in Connecticut with winding country roads and highly regarded schools. With 733 . Home to over 136,309 people, Stamford is the richest city in Connecticut. The state is home to 91 of the US 100 most affluent zip codes. The communities in this city are close, and they love to sponsor community events for the residents and visitors. The median household income in New Canaan is $214,977. 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. Unfortunately, however, there can be only one Connecticut place thats worthy of the HomeSnacks crown. 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. Its not difficult to find a home to buy or rent, as there are 3,122 homes in the town, with just 2,935 currently occupied. 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). New Cannan, CT Average household income: $200,203.00, 8. Avon is the home of 1,206 entrepreneurs. Darian will be the second wealthiest city in Connecticut in 2022. The town has attracted the rich and famous . 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. The median income in this city is $81,634. Suburbs 101 confirms that Riverside is a wealthy suburb of the Town of Greenwich. The town has a high concentration of people from New York City who commute to work here by train or car. The average family home retails for a massive $611,500, almost three times the national average. Located in Fairfield County, Westport is an affluent town with beaches, private Country Clubs, and Yacht Clubs. Its a socioeconomically Upper Middle-Class city with a median household income of $136,261. Four of the top 20 are places in New York, including Brookville village. The average home value is $466,000, making it one of the more affordable rich neighborhoods to buy a house. The next richest town in Connecticut is Ridgefield. The average home value is $650,400. 45.7% of the children in public schools are eligible for free or reduced lunch programs. Isn't it grand to see Granby here in the top ten safest places in Connecticut. $55,137 is the median income in this city while the unemployment and poverty rates are 7.5% and 13.4% respectively. Redding, CT Annual household income: $140,995, 15. Living in New Canaan is like being surrounded by family. Darien is one of the wealthiest towns in Connecticut. Besides these, Colorado has ongoing employment opportunities in aviation,, Read More The 10 Cheapest Places to Live in ColoradoContinue. We suspect that the recent pandemic took a toll on residents who lost their jobs, with some forced to relocate for more affordable housing. The streets are safe, and the schools are highly rated. Its safe, with a low crime rate. Its the basis on which we chose the 20 richest towns in Connecticut, and the results might surprise you. 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. Shelton places in the number two spot with a median income of $87,277. What is it like to live in Greenwich, CT? Connecticut is one of the wealthiest states in the US. 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. Home to some of the most affluent residents in Connecticut, Westport has a median household income of $206,466. (Infographs), What are the Highest Paying Jobs in New Jersey? Almost 6,300 communities met the criteria, which includes approximately 75% of total households in the U.S.". With a median income of $187,917 and a median home value of $703,200, this is a city of big paychecks, big houses, and big cars. Connecticut’s per capita income was $44,496 in 2019, according to estimates. The average family home retails for a massive $611,500, almost three times the . The Upper Middle-Class neighborhood has an unemployment rate of 2.8% in its 06073 zip code compared to the Harford County rate of 6% and the state rate of 4.01%. According to Area Vibes, the cost of living in Westport is 82% higher than the Connecticut 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. 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. 14 Richest Towns in Connecticut Darien Riverside Westport Old Greenwich Wilton Weston Greenwich Southport New Canaan Avon Ridgefield Stamford Woodbridge Essex 1. COS COB is a Fairfield county city that extends to the border of the Stamford city limits. Riverside, CT Annual household income: $215,791, 5. Easton is a great place to raise a family because it has a good school system. As a sign of just how rich this coastal Connecticut city is, the median income is a massive $321,377. . New Canaan is one of the wealthiest towns and among the best places to live in Connecticut. Ridgefield is also home to several conservation areas and preserves that provide a haven for wildlife such as deer, foxes, wild turkeys, and hawks. It is located about 29 miles northeast of New York City, offering residents an easy commute to the city. Below is a list of the wealthiest towns in Connecticut. The average household income umped over $20k, but the cost of housing has also risen in this desirable community. Four Connecticut towns made the top 50 list (well, three depending on how you look at it): Darien, Old Greenwich, Riverside (Greenwich) and Westport. Its less ideal, however, if your bills are already bigger than your income. The average commute time for workers is 26.5 minutes, suggesting plenty of local jobs in the citys economy. View Map of 25 Poorest Zipcodes in Connecticut. Milford grabbed the top place in this list of richest cities. Although the town is small, youll find plenty of recreational venues, cafes, restaurants, and shops. The next town on this list is Wilton. Save my name, email, and website in this browser for the next time I comment. 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? Most of the townspeople hold bachelors degrees or higher. The city has grown over the past decade, increasing from 8,223 residents to 9,110. Some work at private companies and governmental institutions. Most of the residents have gainful employment with high-paying jobs. This is a carousel. It has an average household income of $234,152 and 6,611 residents. Only 15% of the residents rent because most people there are homeowners. Its also known for its rich history and is listed on the National Register of Historic Places as Woodbridge Green Historic District. Read More The 20 Safest Places To Live in TennesseeContinue, If you dont know what a HELOC is, dont feel stupid. This small coastal town is the perfect place for raising children, and you can enjoy plenty of outdoor activities, especially walking in nature. 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. In terms of per capita income, it beats the nearest competition by a huge margin of almost $4000. The city is within a short distance of New York City, which offers residents all the amenities of the big city without the need to live there. Renting is a little cheaper, but not by much expect to part with around $1,886 per month for an apartment. Lidia Ryan is the managing editor of trending and features for Hearst Connecticut Media Group and is part of the digital team. The Population is 8,843 in this close-knit community. Most Expensively 2023. 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. Essex Village, CT Annual household income: $172,302, 12. All of these towns are located not too far east of Greenwich . There is a good reason that Norwalk was listed as one of the. 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. Weston residents live a good work-life balance with an average commute time of 42 minutes. The first thing that comes to most peoples minds when they think about determining the richest places is to simply identify personal incomes. Head out on a fun getaway to these spots: Thank you! If you live in, Fairfield County's Norwalk, CT is the third richest city in the Nutmeg State. Southport isnt the kind of city where keeping up with the neighbors comes cheaply. Point 2 Point Homes picked up on the city of Avon, whereas many other demographics lists didnt give them a second look. The unemployment rate is slightly higher at 3.6%, with the average commute time for workers at 31.3 minutes. Its also one of the wealthiest towns in Connecticut, with a median annual income per family of $180,057. Contact: [email protected], 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. 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. Redding is one of the wealthiest towns in CT. Its a small upscale community with a population of 8,765. The 2010 Census revealed a growth from 6.751 residents to 7,150, showing that the town is gaining its population base. The staggering low unemployment rate for 2022 is 0.4%, far below the county, state, and national averages for unemployment rates. The unemployment rate is 3%, which beats the state average by 4.1%. The unemployment and poverty rates are 7.9% and 8.5% respectively. All of this combines to make the local housing market expensive. If you want to live in one of Connecticuts richest places, youre going to need to make upwards of $59,791/year. Name Census collected information for the past five years and breaks the average income levels by age group. 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. Southport has a long history as a summer resort and residential community. It is a charming seaside neighborhood that is in the Town of Greenwich with waterfront homes and private beaches. Darian If you want to live in Darian, you'd better start saving. 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. If you love the outdoors, check out the beautiful. The average home value is $1,150,400. Most of Connecticut's wealth is concentrated in Fairfield County, which contains many affluent suburbs in Connecticut. The oldest towns in Connecticut are perfect places to visit for those who love learning about history. Here well take a look at 10 of the richest cities in Connecticut as of 2022 so you can get an idea of what makes them thrive and how you can take advantage of them. Middletown, a riverside city south of Hartford, takes the 6th place spot with a median income of $63,828. West Simsbury is classified socioeconomically as an upper-middle-class zip code compared to other zip codes in Connecticut. The percentage of students eligible for participation in reduced or free lunch programs is 32.7%, which is low compared to many other cities in the state. The largest city in Litchfield County, Torrington, grabs the number eight spot. California was the most represented with 23 cities and towns making the list. Home to some of the most affluent residents in Connecticut, Westport has a median household income of $206,466. If you plan to buy a home in the city, the median home value is $330,100. The average adjusted gross income is $222,660. You can find out more about him on LinkedIn or his website. In terms of per capita income, Connecticut is the richest state in the United States of America. Its also far below the national average rate of 3.9%. New Canaan is expensive, even by Connecticut standards: The median home value is $1.9M, compared to $350,897 for the state overall. Southport is an affluent town in Connecticut. Actual ranking depends on what metrics are used, but in general, Connecticut ranks within the five wealthiest states in the country. Located on Connecticut's Gold Coast, Greenwich is a financial powerhouse and also an exciting place to visit. Residents enjoy a short train ride to New York City for shopping and entertainment, then return to the safety and comfort of this beautiful community. The median income is $80,896. Some haulers caught, Arming guidance counselors? People who live and work in Easton have a slightly higher income level. 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. Ridgefield, CT Annual household income: $206,560, 6. 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. The town is partly in Hartford County, with some areas in Middlesex County. Weston residents are well educated with 78% of residents having obtained a bachelors degree or higher. 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. America's wealthiest people are starting to move into smaller cities, a new wealth report says. And out of all the towns in Connecticut, none are wealthier than Greenwich in Fairfield County. 91.82% of the Population is white, with 87.8% white students in the public school system. Dana has extensive professional writing experience including technical and report writing, informational articles, persuasive articles, contrast and comparison, grant applications, and advertisement. 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. The second wealthiest town in Connecticut is Riverside. Fairfield, CT Annual household income: $139,122, 16. To keep this list focused on city-sized spots, only communities with more than 9,000 people were considered, including the lovely Norwalk, Connecticut. 1. Not that there isnt more to it than that with a vibrant food scene, a charming historic district, gorgeous parks, and a great selection of shops, it offers premium living at an admittedly premium price tag. Cos Cob is one of the wealthiest communities in Connecticut with a median home sales price of $1,312,000. COS COB, CT Annual household income: $136,261, 17. Head to, Natalie is a writer and travel enthusiast who loves uncovering new places along the East Coast. 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. Until the federal government takes its regulatory role seriously and uses the big stick that it has, corporations will attempt to self-regulate M&T urged to end 'banking desert' in Bridgeport neighborhoods, 'Candlewood' horror movie drops trailer inspired by local urban legends, Four Fairfield businesses fail February health inspections, Warrant: Ex-New Fairfield 'lunch lady' sent nude images to student on Snapchat for months before sex assault, Police make up 19 of Trumbull's top 20 highest paid employees, Former CT girls soccer coach pleads guilty to sexually assaulting player, Bridgeport man broke into Norwalk homes while families slept inside, warrants said, The Best Private High Schools Near Stamford, The Best Private Preschools Near New Haven, Guide to Legal Cannabis Dispensaries in CT, Why CT waits for $95 million from OxyContin maker Purdue Pharma, HUSKY Health is helping immigrants. Other areas of wealth in the state include suburbs surrounding New Haven and Hartford, as well as pockets of Litchfield County. This affluent community is the home of 18,410 residents with an average age of 45 years, with slightly more females than males. We analyzed 21 places in Connecticut to determine where the 1% live. 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. Many of these towns are wonderful places to live due to their incredible verdant spaces and proximity to the city and ocean. Its smaller than Ridgefield but slightly more affluent. 78% of them have at least a bachelors degree. Let us take a look at some of the richest towns in Connecticut that make up the per capita income. 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. Riverside residents are well educated with 73% of residents have obtained a bachelors degree or higher. It's also home to the state's only national historic site, Weir Farm. 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.
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