The schools also have state-of-the-art technology such as iPads and Smart Boards so students can learn in new ways. With an average family income of $209,635 and a population of 18,460 inhabitants, Wilton is a relatively wealthy town. The average commute time from home to work is 35.7 minutes. 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. If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already. The unemployment rate tries to capture the prospects for more people to become rich. 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. 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.. Renting is a little cheaper, but not by much expect to part with around $1,886 per month for an apartment. The current Population is 2,601, with an annual growth rate of 0.35%. Bloomberg reports that in Atherton, "the cheapest house on the market is currently listed for $2.5 million, according to real estate marketplace Zillow.com. There are plenty of shopping and fine dining venues in Riverside. Easton, CT Annual household income: $166,875, 13. Woodbridge is another Connecticut hamlet passed over by statisticians pointing out the most affluent cities 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. The first European settlement was established there in, Read More The 20 Best Places to Live in MassachusettsContinue, Already in the first quarter of 2016, vacation rental startup companies have attracted almost $100 million in investments across the United States and Europe. Weston, CT Annual household income: 222,535, 3. Living there isnt cheap, though. 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. Most Expensively 2023. When Does a Seller Get Their Money After Closing on a House? 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. 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. Easton is a great place to raise a family because it has a good school system. Its the place where many believe this country originated, being home to the historic city of Plymouth. The unemployment rate is 8.0% and the poverty rate is 8.9%. The 20 Worst Places to Live if you Have Arthritis in The U.S. The median household income is just over $190K per year. The 10 Richest Cities in Connecticut - Money Inc A median income that sits at a mammoth $352,839. Top 25 Wealthiest Zipcodes in Connecticut - Zipdatamaps.com CT proposal causes confusion, concern. 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. Ridgefield offers something for everyone from great schools to recreation for the whole family. Its safe, with a low crime rate. 9. America's wealthiest people are starting to move into smaller cities, a new wealth report says. Top 10 Richest Cities in Connecticut 2023 - namecensus.com That ratio steadily has been. What determines the overall wealth of a city? 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. With a median household income just shy of a quarter-million a year, Darian is an exclusive place to live. According to the report, the four towns are Darien, Old Greenwich, Riverside, and . The average home price in town is $780,000. The unemployment and poverty rates are 7.9% and 8.5% respectively. Another one of the richest towns in Connecticut is Weston. Its also one of the wealthiest towns in Connecticut, with a median annual income per family of $180,057. 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. Connecticut ( / kntkt / ( listen)) [10] is the southernmost state in the New England region of the Northeastern United States. People who live and work in Easton have a slightly higher income level. 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. The chart below shows the most common races living in the richest cities in Connecticut: 81.94% White 6.79% Hispanic 5.95% Asian 3.30% Two or more races 1.63% Black/African American 0.33% Other 0.07% Native 0.01% Hawaiian/Pacific Islander This shows that the most common race across the richest cities in Connecticut is "White". 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. Get the inside scoop on what its really like to live in the suburbs through our interviews with local suburbanites and features on Food, Fashion, Home, Garden, Travel, Pets, Real Estate and Local Events. 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. Most of Connecticut's wealth is concentrated in Fairfield County, which contains many affluent suburbs in Connecticut. However, it is true that overall, the Nutmeg State is richer than most. Old Greenwich Annual household income: $222,794, 2. A wealthy enclave on Connecticut's Gold Coast, Greenwich is consistently ranked as one of the richest cities in America. People who suffer from the pain and discomfort of arthritis can improve their symptoms by avoiding certain climates. Wilton is surrounded by nature, offering many activities that are perfect for children and encouraging a healthy lifestyle. The crime rate in this town is also very low with only 5% of residents reporting that they had been victims of crime during the last year. Most of the residents have gainful employment with high-paying jobs. Essex is another one of the richest towns in Connecticut. Numerous tech billionaires have called the town home, including Googles Eric Schmidt, Facebooks Sheryl Sandberg and Microsofts late co-founder Paul Allen.". Suburbs 101is an insiders guide to suburban living. Is Connecticut still the richest state in the nation? Barely 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! Located in Fairfield County, Westport is an affluent town with beaches, private Country Clubs, and Yacht Clubs. There is a good reason that Norwalk was listed as one of the best places to live in America. Darien is a small town on Connecticuts gold coast that is home to approximately 6,759 people. Thats right, folks, the Gold Coast didnt get its name because gold was found on Connecticuts beaches. The small community has a population of 7,586 residents. Essex Village is a highly desirable community to live in for the affluent. 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? 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 unemployment rate for the city is 3.6%, compared to the state average of 4.1%, and theyre doing well in securing work. It's also home to the state's only national historic site, Weir Farm. 6. . The unemployment rate in this city is 10% and the poverty rate is 9.6%. This site uses Akismet to reduce spam. The median sales price is residential sales data for 12 month period ending January 2023. Head to, Natalie is a writer and travel enthusiast who loves uncovering new places along the East Coast. Most websites that report demographics for Connecticut list Darian, as the richest city in the state, but World Population confirms that Southport jumped into the number one spot with an incredible average household income of $310,831. What are the richest towns in Connecticut? Darien The richest town in Connecticut is Darien, with a median household income of $251,200. It has a population of 33,900 residents. However, we dont believe that one statistic wholly encompasses what it means to be one of the richest places. The bright side? 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. 96% of the residents are homeowners with a median home value of $868,200. Well, HomeSnacks crunched the numbers and discovered that Stamford is the most expensive place to live in Connecticut. 10. Weston is one of the richest towns in Connecticut with a median household income of $207,863. Related: The 10 Wealthiest Cities In California. Want to learn more about Darien? The upscale community attracts residents who commute to New York City because its easy train ride to Manhattan. 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. Southport has a long history as a summer resort and residential community. The schools are among the best in the state, making them the ideal place to raise a family. Lidia Ryan is the managing editor of trending and features for Hearst Connecticut Media Group and is part of the digital team. Just 16% of the homes are rentals. The town is also known for having excellent public schools. With 733 . The town has a population of about 10,278 (2020) people and has a median age of 42 years old. According to the report, the four towns are Darien, Old Greenwich, Riverside, and . It is a charming seaside neighborhood that is in the Town of Greenwich with waterfront homes and private beaches. Certainly enough time to go to the beach after work for a picnic dinner by the water! Its in Hartford County. 4.2% of public school students are eligible for free or reduced lunch, and test performance in the public schools for Redding is excellent. 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 average household income in Woodbridge is $96,919, and the median home price is $595,000. Its a socioeconomically Upper Middle-Class city with a median household income of $136,261. We love the detailed statistics that give us a clear snapshot of the socioeconomic dynamics of the city. Four Connecticut towns made the top 50 list (well, three depending on how you look at it): Darien, Old Greenwich, Riverside (Greenwich) and Westport. It is also one of the most expensive places to live in the country, with a median home value of $1,051,014. 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. Westport is a popular place for New Yorkers to visit on weekends because of its close proximity to Manhattan. However, test score performance in the public school system gets a poor ranking. You can find out more about him on LinkedIn or his website. 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 village also includes a historic mill complex and dam. Old Greenwich is home to some of the wealthiest Connecticut residents. The 10 Richest Cities In Connecticut For 2023 - HomeSnacks Ridgefield, CT Annual household income: $206,560, 6. DARIEN, CT Darien is the wealthiest town in Connecticut, where the median household income is more than $200,000, according to a new report. South Glastonburys Census results show a total of 2038 households in the town. Located on Long Island Sound, Southport is a charming seaside community with a vibrant downtown area and beautiful beaches. 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. Connecticut is home to some of the wealthiest people in America. Wilton has impressive parks and rec programs to provide residents with many green areas to enjoy public events or family picnics. Keep reading. 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. 78% of them have at least a bachelors degree. Darian is one of the richest towns in Connecticut with a median household income of nearly $243,750. Redding has a median home sales price of $1,030,000 and a median household income of $138,125. [1] All data is from the 2010 United States Census and the 2011-2015 American Community Survey 5-Year Estimates.[2][3]. Its capital is Hartford, and its most populous city is Bridgeport. Related: The 10 Wealthiest Cities In Missouri. The average family home retails for a massive $611,500, almost three times the national average. What are the most charming small towns in Connecticut? Westport is one of the wealthiest towns in Connecticut. Darian will be the second wealthiest city in Connecticut in 2022. Its smaller than Ridgefield but slightly more affluent. The average commute time from home to work is 23.6 minutes, suggesting ample employment opportunities in South Glastonbury. It is a picture-perfect neighborhood in the Town of Greenwich with beaches, highly rated schools, and an easy train ride to NYC. The 10 Most Expensive Places To Live In Connecticut For 2023 - HomeSnacks Milford, CT - HomeSnacks You catch that vibe when you visit New Canaan, but its not cheap to live there. 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. Old Greenwich is one of the richest Neighborhoods in Connecticut with a median household income of $238,750. Zip Data lists West Hartford as one of the 20 richest cities in the state. Riverside Profile Page with Infographics. The streets are safe, and the schools are highly rated. Research has shown that the climate of a location does have an impact on persons with moderate, Read More The 20 Worst Places to Live if you Have Arthritis in The U.S.Continue, If your dream is to live or explore in the wealthiest neighborhoods, California is the state for you. The 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%. 14 Richest Towns in Connecticut Darien Riverside Westport Old Greenwich Wilton Weston Greenwich Southport New Canaan Avon Ridgefield Stamford Woodbridge Essex 1. As of the 2020 census, the population was 1,710. 4 CT towns make list of 100 richest towns in America - News 12 Networks 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. Riverside has a population of 8,843. In fairness, the high prices arent unjustified. With salaries like that, most residents are having no problem in keeping up with those monster mortgage re-payments. Located in Fairfield County, Weston has a population of 10,354. 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 also known for its rich history and is listed on the National Register of Historic Places as Woodbridge Green Historic District. The city has magnificent homes with long driveways accessible through winding country roads and beautiful landscapes. 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. The 20 most affluent places, based on places with available data, all had household incomes above $485,000. Counties [ edit] 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. It has a great location, close to major highways and a short drive from New York City. Gold Coast (Connecticut) - Wikipedia As to which are the very wealthiest, find out now as we count down the 10 richest cities in Connecticut. This is our tenth time ranking the richest cities in Connecticut. Despite its small size, it is home to 18,932 people. Westport, CT Annual household income: $222,535, 4. Also in Fairfield County, the waterfront city of Stamford is ranked 4th on the list. This small coastal town is the perfect place for raising children, and you can enjoy plenty of outdoor activities, especially walking in nature. The town is home to many Fortune 500 companies such as General Electric and Terex Corporation. Its also home to the states only national historic site, Weir Farm. 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. The towns population is under 21,742 people, yet it is home to at least seven country clubs and three golf courses. >> Click through to see how each CT spot ranked as well as each household income average. 4 CT towns make list of 100 richest towns in America A Bloomberg report is out on the 100 richest towns in America, and four towns in Connecticut made the list. 20 Cities with the Worst Weather in the U.S. How Eiza Gonzalez Achieved a Net Worth of $5 Million. 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. 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. In terms of per capita income, it beats the nearest competition by a huge margin of almost $4000. 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. Not all of the countries have a great reputation, Read More The 20 Best Places to Live in Latin AmericaContinue, There are quite a few reasons why people choose to live in areas that have low humidity. Fairfield. Jobs are plentiful in the city with a population of 7,453. The unemployment and poverty rates are 7.9% and 8.5% respectively. 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. However, if you want to experience a slower rhythm of life in one of the richest towns in Connecticut, youll need to be prepared to pay up, as home prices are costly. Many of these towns are wonderful places to live due to their incredible verdant spaces and proximity to the city and ocean. Wilton is also known as the village because of its quaint feel with many historic homes and buildings. Redding is one of the wealthiest towns in CT. Its a small upscale community with a population of 8,765. The information presented in this article are based on data from theUS Census American Community SurveyandRedfin. Westport is in the top five most affluent cities in Connecticut for 2022. Darian If you want to live in Darian, you'd better start saving. The result? Wealthiest Towns in CT Final - Suburbs 101 Point 2 Point Homes picked up on the city of Avon, whereas many other demographics lists didnt give them a second look. Download The Entire Connecticut Ranking Data. The unemployment rate is low compared to the state average, and commuters spend an average of 44 minutes driving to work. Wilton is undoubtedly a wealthy community and one of the top ten richest in the state of Connecticut for 2022. Westport is a very desirable place to live as it ranks highly for safety. 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 unemployment rate is just 3.1%, with an average commute of 33 minutes. Easton has excellent schools both public and private schools are available. From Hedge Fund Executives to High Profile Athletes, these wealthy Americans call Connecticut their home. 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. Old Greenwich Profile Page with Infographics. 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. The seaside neighborhood is a part of the Town of Greenwich, nestled on the beautiful waterfront with homes on its private beaches and all of the quaint little shops and dining venues the heart could desire. Although the town is small, youll find plenty of recreational venues, cafes, restaurants, and shops. The climate is better for persons with allergies, asthma, and other respiratory conditions. The 10 Wealthiest Neighborhoods in San Francisco, median household income of nearly $243,750, The 10 Wealthiest Cities In North Carolina, median household income in Wilton is $204,473, population of just over 20,249 (2020) people, median home value in Easton is over $772,758, The 10 Richest Cities in Michigan Based on Median Income, The 10 Richest Neighborhoods in New York City, The 10 Wealthiest Cities in Georgia Based on Median Income, The 10 Wealthiest Cities in California Based on Median Income, The 10 Wealthiest Cities in Illinois Based on Median Income, The 10 Wealthiest Cities in Missouri Based on Median Income, The 10 Wealthiest Cities in North Carolina Based on Median Income, The 10 Wealthiest Cities in Maryland Based on Median Income. Norwalk, CT, USA 4. 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. The communities in this city are close, and they love to sponsor community events for the residents and visitors. Youll find a community of 1,300 Wall Street execs and affiliates living in Old Greenwich, Connecticut. Home to some of the most affluent residents in Connecticut, Westport has a median household income of $206,466. Its one of the areas wealthiest communities, with the median annual household income at over $215k. The first thing that comes to most peoples minds when they think about determining the richest places is to simply identify personal incomes. Let us take a look at some of the richest towns in Connecticut that make up the per capita income. Old Greenwich has a population of 6,962 and a median household income of $222,794. 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 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. If youre thinking about moving to Austin and youre single without a family or spouse, you might find some neighborhoods, Read More The 10 Best Places to Live in Austin for SinglesContinue. Cos Cob is one of the wealthiest communities in Connecticut with a median home sales price of $1,312,000. We suspect that the recent pandemic took a toll on residents who lost their jobs, with some forced to relocate for more affordable housing. Its also a better choice, Read More The 20 Best Places to Live with Low Humidity in the U.S.Continue. The median house price in Westport is approximately $1.5 million. And if you want to know where these wealthy Connecticutors live, take a look below at HomeSnacks list of the richest places in The Constitution State for 2023. Connecticut's neighboring towns of Greenwich and Darien have a combined population of around . Greenwich is synonymous with luxury real estate and wealth. The town is full of greenery and offers residents a tranquil vibe. The average household income umped over $20k, but the cost of housing has also risen in this desirable community. Westport residents live a good work-life balance with an average commute time of 44 minutes. 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 If you want to live in one of Connecticuts richest places, youre going to need to make upwards of $59,791/year. Its also very well educated, with over half of its residents having a college degree. Its a medium-sized town that has grown to become one of the most desirable places to live in Connecticut. What is it like to live in Greenwich, CT. Fairfield County is very close to New York City. The oldest towns in Connecticut are perfect places to visit for those who love learning about history. The 10 Richest Cities in Connecticut - Most Expensively The average home price in Southport is $600,000. The average commute time from home to work is 31 minutes. The remaining six wealthy Connecticut communities, all in Greenwich, in order are. 79.4% of the community are US-born citizens, with 11.73% born in other countries. 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. While the income number is higher than that of Milford, the higher unemployment rate of 7.9% gives this city a solid second place. Despite its high per capita income, Connecticut is mainly a middle-class state. The town has a thriving arts community and many of its residents are involved in local government or volunteer activities. The town has its own train station and airport called Sikorsky Memorial Airport that allows residents to travel easily to Manhattan by train or plane. There are also several golf courses in town that draw a lot of people from around the world. Love Connecticut? Milford grabbed the top place in this list of richest cities. Suburbs 101 confirms that Riverside is a wealthy suburb of the Town of Greenwich. OnlyInYourState may earn compensation through affiliate links in this article. Wilton, CT Annual household income: $193,292, 9.
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