The average household income umped over $20k, but the cost of housing has also risen in this desirable community. Connecticut has a large number of wealthy towns and cities with high incomes among its residents, but this does not mean that every resident of Connecticut lives in a wealthy area. From Hedge Fund Executives to High Profile Athletes, these wealthy Americans call Connecticut their home. Westport is one of the wealthiest towns in Connecticut. Some work at private companies and governmental institutions. Top 10 Richest Cities in Connecticut 2023 - namecensus.com If you want to live in Darian, youd better start saving. The schools are excellent and the town is beautiful, with tree-lined streets and old-fashioned townhouses. The village also includes a historic mill complex and dam. With a median household income just shy of a quarter-million a year, Darian is an exclusive place to live. Four of the top 20 are places in New York, including Brookville village. All rights reserved. It is a picture-perfect neighborhood in the Town of Greenwich with beaches, highly rated schools, and an easy train ride to NYC. The majority are white-collar workers, just 4.96% in the blue-collar classification. 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. Related: The 10 Wealthiest Cities In Missouri. California was the most represented with 23 cities and towns making the list. The town has a thriving arts community and many of its residents are involved in local government or volunteer activities. the average home value is $1,471,700. >> Click through to see how each CT spot ranked as well as each household income average. Ridgefield offers something for everyone from great schools to recreation for the whole family. Suburbs 101is an insiders guide to suburban living. The average family home retails for a massive $611,500, almost three times the . The 10 Richest Cities in Connecticut - Most Expensively This is our tenth time ranking the richest cities in Connecticut. The 20 most affluent places, based on places with available data, all had household incomes above $485,000. Located in Fairfield County, Westport is an affluent town with beaches, private Country Clubs, and Yacht Clubs. The unemployment rate is 8.6% and the poverty rate is 10% in this city. 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. 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. Its less ideal, however, if your bills are already bigger than your income. Home to some of the most affluent residents of Connecticut, Weston has a median household income of $222,535. The unemployment and poverty rates are 7.9% and 8.5% respectively. COS COB is a Fairfield county city that extends to the border of the Stamford city limits. Safest Cities In Connecticut (Updated For 2021) - HomeSnacks Only 16 states were represented in the top 100. Most of the properties in Riverside are primarily owner-occupied (80%) with only 20% rentals. 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. All Rights Reserved. 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! What is it like to live in Greenwich, CT? Newtown Borough is being credited as the richest town in the state of Connecticut. You catch that vibe when you visit New Canaan, but its not cheap to live there. All of this combines to make the local housing market expensive. 4.2% of public school students are eligible for free or reduced lunch, and test performance in the public schools for Redding is excellent. 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. This time the list is from Bloomberg. 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. The homes in Darien are primarily owner-occupied (87%) with only 13% rentals. 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. Learn how your comment data is processed. Milford, CT - HomeSnacks Darien residents live a good work-life balance with an average commute time of 39 minutes. 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. Its a haven for New Yorks very rich to escape the hustle and bustle of big money firms and agencies. Its a socioeconomically Upper Middle-Class city with a median household income of $136,261. You can download the data here. The Population is 8,843 in this close-knit community. 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. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks. Wilton has impressive parks and rec programs to provide residents with many green areas to enjoy public events or family picnics. We love the detailed statistics that give us a clear snapshot of the socioeconomic dynamics of the city. While the income number is higher than that of Milford, the higher unemployment rate of 7.9% gives this city a solid second place. Most Dangerous Neighborhoods in Washington DC. A median income that sits at a mammoth $352,839. New Canaan is one of the wealthiest towns in Connecticut with a median sales price of $1,155,000. 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. Wealthiest Towns in CT Final - Suburbs 101. 89.3% of the homes are occupied by their owners, with 10.7% as rentals. Connecticut - Forbes Related: The 10 Wealthiest Cities In California. The beautiful neighborhood is small, just 6,962, after the influx of rich business professionals. Whether you have money to burn or are living on a budget, everyone enjoys these free activities in Connecticut. 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. The town has over 120 acres of open space and over 1,000 acres of parkland. Stamford is situated only 30 miles north of NYC, so it offers residents unparalleled access to the city. Save my name, email, and website in this browser for the next time I comment. The unemployment rate is 7.3% while the poverty rate is higher at 11.2%. Middletown, a riverside city south of Hartford, takes the 6th place spot with a median income of $63,828. Avon, CT Annual household income: $187,080, 10. The 10 Best Places To Live In Connecticut For 2022 - HomeSnacks If you choose to rent an apartment, expect to pay an average of $1,866 monthly. The second wealthiest town in Connecticut is Riverside. If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already. Despite its high per capita income, Connecticut is mainly a middle-class state. Want to know where Connecticuts 17 billionaires and 122,000 millionaires live? Read More The 20 Safest Places To Live in TennesseeContinue, If you dont know what a HELOC is, dont feel stupid. 18 Top-Rated Small Towns in Connecticut | PlanetWare If you love the outdoors, check out the beautiful. Woodbridge is another wealthy Connecticut town. The Population for 2020 was 1,797, but it has grown to 1,839 for 2022. Connecticut towns make Bloomberg list of richest places The financial news and opinion site 24/7 Wall St . Groton rounds out the list of richest cities in the number ten spot. Darian is on Long Island Sound and offers waterfront property for sale and for rent. If you can afford a mortgage, its the better way to go in Fairfield. Westport is in the top five most affluent cities in Connecticut for 2022. Want to learn more about Westport? Want to learn more about Weston? The unemployment rate is slightly higher at 3.6%, with the average commute time for workers at 31.3 minutes. Visit Bloomberg for the full report. Because it is a coastal town, you can spend most of your time on the beach and in natural parks. Westport has a thriving luxury real estate market with the median sales price in Westport at $1,796,000. Westport is one of the richest towns in Connecticut with a median household income of $222,375. Well, HomeSnacks crunched the numbers and discovered that Stamford is the most expensive place to live in Connecticut. 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. If you can swallow up those property prices, theres a good chance youll be rewarded with an income in the region of $222,535. The average renter pays $2,336 per month. The 20 Richest Towns in Connecticut - moneyinc.com Actual ranking depends on what metrics are used, but in general, Connecticut ranks within the five wealthiest states in the country. To find out which Connecticut cities are doing the best and why we compared the most recent data from the U.S. Census Bureau to our own city-level income data to determine Americas richest cities. The next town on this list is Wilton. Let's go! It has a great location, close to major highways and a short drive from New York City. 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. 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. West Simsbury, CT Annual household income: $109,590, 19. 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. It is a Fairfield County city home to many wealthy residents who enjoy private country clubs, yacht clubs, and pristine beaches. It's also one of the most expensive places to live in the country, with a median home price of over $1.5 million. Old Greenwich is one of the richest Neighborhoods in Connecticut with a median household income of $238,750. New Cannan, CT Average household income: $200,203.00, 8. Its capital is Hartford, and its most populous city is Bridgeport. It has an average household income of $234,152 and 6,611 residents. If you plan to buy a home in the city, the median home value is $330,100. As to which are the very wealthiest, find out now as we count down the 10 richest cities in Connecticut. Southports location near New York City also makes it attractive for commuters working there. Its smaller than Ridgefield but slightly more affluent. Head to, Natalie is a writer and travel enthusiast who loves uncovering new places along the East Coast. Liz loves the process of researching information, learning new things, and putting into words . 20 Cities with the Worst Weather in the U.S. How Eiza Gonzalez Achieved a Net Worth of $5 Million. Westport residents are well educated with 78% of residents having obtained a bachelors degree or higher. Weston is one of the most affluent towns in Connecticut with winding country roads and highly regarded schools. Although the town is small, youll find plenty of recreational venues, cafes, restaurants, and shops. Riverside is one of the wealthiest communities in Connecticut. Known for its luxury waterfront homes, Old Greenwich has a median sales price of $2,063,000. The Easton School District offers many different programs including art, music, and sports. Southport is an affluent town in Connecticut. Weston residents live a good work-life balance with an average commute time of 42 minutes. Its a peaceful town thats a great place for people who want to get away from hectic city life and enjoy nature. Gov. Easton has excellent schools both public and private schools are available. We analyzed 21 places in Connecticut to determine where the 1% live. Westport is a popular place for New Yorkers to visit on weekends because of its close proximity to Manhattan. Darien has a population of 21,499. With an average home price of $641,500, mortgage payments here are no laughing matter although when you factor in the $157,448 median income, they suddenly get a lot more reasonable. COS COB, CT Annual household income: $136,261, 17. The average income per family is $130,268, and home prices range anywhere between $500,000 to $2 million. As a sign of just how rich this coastal Connecticut city is, the median income is a massive $321,377. The average home price in Old Greenwich is $1.8 million. Fairfield, CT Annual household income: $139,122, 16. Greenwich had a median household income of $180,484 in 2021 and is known as one of the richest cities in America. After Riverside and Greenwich, the next four richest towns are Darien ($599,920), New Canaan ($532,440), Old Greenwich ($530,250), and Rowayton ($422,210). 45.7% of the children in public schools are eligible for free or reduced lunch programs. It also has a number of highly rated public and private schools, which can be a major plus for families with children. Learn more about the Homesnacks methods that were used to collect the data and how the statistics were calculated. 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. Darien is a small town on Connecticuts gold coast that is home to approximately 6,759 people. 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. Liz Flynn has worked as a full-time writer since 2010 after leaving a career in education. However, it is true that overall, the Nutmeg State is richer than most. The median income in Bristol is $61,551 while the unemployment rate is 7.8% and the poverty rate is 10.3%. Well, according to the latest Census data, the richest place in The Nutmeg State is Shelton. Most of Connecticut's wealth is concentrated in Fairfield County, which contains many affluent suburbs in Connecticut. Riverside also offers residents a quick commute into NYC. Map of 25 Wealthiest Zipcodes in Connecticut Based on Average Adjusted Gross Income. 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). With a median income of $59,522, Naugatuck took ninth place. What determines the overall wealth of a city? 20. Avon is the home of 1,206 entrepreneurs. Most Expensively 2023. 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. Only 4% of the homes in the community are available for rent. The demographics data shows that 88.37% of the residents are white, with 83.9% of the public schools showing a student population that is 83.9% white with excellent test performance scores. Westport was third in the state, and no. Editors Note: Data has been updated for 2023. Its a great place for families and young professionals to live. Get more stories delivered right to your email. Home prices in town are also high, ranging from $500,000 to $4,000,000. Its also far below the national average rate of 3.9%. 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. Westport residents live a good work-life balance with an average commute time of 44 minutes. The average commute time from home to work is 23.6 minutes, suggesting ample employment opportunities in South Glastonbury. Most of Connecticuts wealth is concentrated in Fairfield County, which contains many affluent suburbs in Connecticut. Home to some of the most affluent residents of Connecticut, Darien has a median household income of $232,523. Milford grabbed the top place in this list of richest cities. 87% of the residents own their homes, and just 13% rent. Essex is another one of the richest towns in Connecticut. Being a coastal city, citizens have plenty of opportunities to spend their free time. 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). Woodbridge, CT Annual household income: $205,541, 7. Certainly enough time to go to the beach after work for a picnic dinner by the water! Here are the wealthiest towns in Connecticut. Want to learn more about Old Greenwich? Jobs are plentiful in the area, with the working Population gainfully employed except for just 3.5%. Only 16 states were represented in the top 100. The state is home to 91 of the US 100 most affluent zip codes. Besides these, Colorado has ongoing employment opportunities in aviation,, Read More The 10 Cheapest Places to Live in ColoradoContinue. 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. Wilton is also known as the village because of its quaint feel with many historic homes and buildings. When Does a Seller Get Their Money After Closing on a House? Is Connecticut still the richest state in the nation? Barely The median home value is $766,900, making it more affordable than some other affluent communities. Its got a population of just over 20,249 (2020) people, but it feels much smaller than that. As a sign of just how rich this coastal Connecticut city is, the median income is a massive $321,377. 14 Richest Towns in Connecticut (2022) | PropertyClub Westport Profile Page with Infographics. Home to some of the most affluent residents in Connecticut, Westport has a median household income of $206,466. Middle-class and affluent, finding somewhere that doesnt test the limits of your credit card can be a chore, particularly if you reserve your home finding to Fairfield County, a place that boasts some of the wealthiest communities in the entire US. However, depending on the neighborhood, you can also find more affordable housing. 91.82% of the Population is white, with 87.8% white students in the public school system. The median household income in Wilton is $204,473 which is over twice as much as the state average of $79,043. The town is partly in Hartford County, with some areas in Middlesex County. The median home value in Greenwich is over $1.5 million, and many residents work in finance and banking in NYC. The 10 Richest Cities in Connecticut - Money Inc It has a population of 27,141. 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. Darian, CT Annual household income: $232,523, 1. The unemployment rate is just 3.1%, with an average commute of 33 minutes. OnlyInYourState may earn compensation through affiliate links in this article. The average home value is $650,400. Fairfield County town is one of the most desirable places to live if you have the financial means. New Canaan has a small-town feel with big-city amenities. Norwalk, CT, USA 4. With a population of 20,622 inhabitants, the average income per household is $145,244. Fairfield is a moderate-sized city in Fairfield County. The unemployment rate tries to capture the prospects for more people to become rich. Four Connecticut towns made the top 50 list (well, three. The unemployment rate is 3.2%, compared to the Fairfield County unemployment rate of 5.2%. Atherton, CA topped the list. 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? Old Greenwich has a population of 6,962 and a median household income of $222,794. In addition to having a high income, Wilton residents also have a very low poverty rate at just 2.4%. 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. Weston is also one of the best places in Connecticut to raise a family. The small community has a population of 7,586 residents. 10. The median household income at Cos Cob is $138,125. With a median household income of $129,919, it is home to approximately 25,033 people. He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move. 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. 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. Theyre well educated, and many residents commute to the city for their jobs with an average travel time of 38 minutes. Ridgefield is also home to several conservation areas and preserves that provide a haven for wildlife such as deer, foxes, wild turkeys, and hawks. Ridgefield, CT Annual household income: $206,560, 6. School test performance scores are above average, and 9.2% of students are eligible for free or reduced lunches at school. There are also many beautiful parks and green spaces throughout town. You can learn more about the top ten below or skip to the end to see the rankings for all 21 places. 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. America's millionaires are flocking to smaller cities. Take a look at The unemployment and poverty rates are 6.3% and 11.4% respectively. 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. 25 Wealthiest Towns in the New York Suburbs, What are the Highest Paying Jobs in New York? 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. 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. 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. Weston is one of the richest towns in Connecticut with a median household income of $207,863. Riverside residents are well educated with 73% of residents have obtained a bachelors degree or higher. 9. 4 CT towns make list of 100 richest towns in America - News 12 Networks There are lots of affluent communities in the Nutmeg State, and some of them are unassuming. Only 15% of the residents rent because most people there are homeowners.