The town has over 120 acres of open space and over 1,000 acres of parkland. What makes some cities more prosperous than others? Ned Lamont and General Assembly leaders to to focus on offsetting a potential property tax Armageddon. The Population for 2020 was 1,797, but it has grown to 1,839 for 2022. Westport is one of the wealthiest towns in Connecticut. All of this combines to make the local housing market expensive. Darian, CT Annual household income: $232,523, 1. The median income is $80,896. The communities in this city are close, and they love to sponsor community events for the residents and visitors. Essex Village is a highly desirable community to live in for the affluent. Want to know where Connecticuts 17 billionaires and 122,000 millionaires live? If more people are employed, the richer the future looks. Download The Entire Connecticut Ranking Data. 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. Riverside also offers residents a quick commute into NYC. However, depending on the neighborhood, you can also find more affordable housing. The climate is better for persons with allergies, asthma, and other respiratory conditions. It is one of the richest towns in Connecticut, boasting a median sales price of $1,835,000. You can learn more about the top ten below or skip to the end to see the rankings for all 21 places. Its the place where many believe this country originated, being home to the historic city of Plymouth. In fairness, you do get a lot of return for your investment. Known for its luxury waterfront homes, Old Greenwich has a median sales price of $2,063,000. The city has grown over the past decade, increasing from 8,223 residents to 9,110. Keep reading. 10. The 20 Worst Places to Live if you Have Arthritis in The U.S. Whether you have money to burn or are living on a budget, everyone enjoys these free activities in Connecticut. Chris Kolmar has been in the real estate business for almost ten years now. The Easton School District offers many different programs including art, music, and sports. What are the richest towns in Connecticut? Riverside Profile Page with Infographics. 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. Its also one of the most expensive places to live in the country, with a median home price of over $1.5 million. The oldest towns in Connecticut are perfect places to visit for those who love learning about history. The town center village is listed as a historic district on the National Register of Historic Places. Home to some of the most affluent residents of Connecticut, Weston has a median household income of $222,535. The state is home to 91 of the US 100 most affluent zip codes. The schools also have state-of-the-art technology such as iPads and Smart Boards so students can learn in new ways. Westport is a popular place for New Yorkers to visit on weekends because of its close proximity to Manhattan. All rights reserved. Riverside residents are well educated with 73% of residents have obtained a bachelors degree or higher. Old Greenwich is a perfect place to live if youre looking for an upscale quiet community with excellent schools, but its not exactly pedestrian friendly when it comes to getting around town! Its a small town of 10,354. Connecticut is home to some of the wealthiest people in America. The schools are excellent and the town is beautiful, with tree-lined streets and old-fashioned townhouses. The benefits of living in this city are numerous, such as good schools, safe neighborhoods, and overall great lifestyle quality. Get more stories delivered right to your email. West Hartford, CT Annual household income: $142,197, 14. The average commute time from home to work is 31 minutes. Its safe, with a low crime rate. The staggering low unemployment rate for 2022 is 0.4%, far below the county, state, and national averages for unemployment rates. Redding, Connecticut, is a small city with a population of 9,110. It has an average household income of $204,792, and the home prices range between $600,000-$800,000. We love the detailed statistics that give us a clear snapshot of the socioeconomic dynamics of the city. 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. There are also many beautiful parks and green spaces throughout town. The states Atlantic coast is to the east, while the Gulf of Mexico coastline is to the west. Fairfield is a moderate-sized city in Fairfield County. The average family home retails for a massive $611,500, almost three times the national average. Old Greenwich residents live a good work-life balance with an average commute time of 38 minutes. However, it is true that overall, the Nutmeg State is richer than most. The median home value is $766,900, making it more affordable than some other affluent communities. Its a great place for families and young professionals to live. The unemployment and poverty rates are 7.9% and 8.5% respectively. 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. Most of Connecticut's wealth is concentrated in Fairfield County, which contains many affluent suburbs in Connecticut. This site uses Akismet to reduce spam. There are lots of affluent communities in the Nutmeg State, and some of them are unassuming. It has a great location, close to major highways and a short drive from New York City. The 2010 Census revealed a growth from 6.751 residents to 7,150, showing that the town is gaining its population base. If you love the outdoors, check out the beautiful. Its also very well educated, with over half of its residents having a college degree. Located in Fairfield County, Westport is an affluent town with beaches, private Country Clubs, and Yacht Clubs. The bright side? Despite its small size, it is home to 18,932 people. You can download the data here. Editors Note: Data has been updated for 2023. All Rights Reserved. The median home price in Essex was $651,000 in 2022. Haub, who took over the company after the death of his brother, Karl-Erivan, is now worth an estimated $2.9 billion. Only 4% of the homes in the community are available for rent. Its a medium-sized town that has grown to become one of the most desirable places to live in Connecticut. If you choose to rent an apartment, expect to pay an average of $1,866 monthly. 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. The village also includes a historic mill complex and dam. As the name implies, Southport is a port city that is situated on the coast. The unemployment rate for the city is 3.6%, compared to the state average of 4.1%, and theyre doing well in securing work. Heck, the competition for the top ten richest places in The Constitution State was quite fierce, so to narrow down our list we decided to look at the 21 Connecticut cities with at least 9,000 residents. Stamford is a city in Fairfield County with a population of 14,499. Riverside is home to some of the most affluent residents of Connecticut with a median household income of $215,791. Southports location near New York City also makes it attractive for commuters working there. Rentals are much higher than most, with an average of $2,443 per month for non-homeowners. The town has a population of about 10,278 (2020) people and has a median age of 42 years old. The small community has a population of 7,586 residents. 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. Connecticut’s per capita income was $44,496 in 2019, according to estimates. With a median household income just shy of a quarter-million a year, Darian is an exclusive place to live. 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. On top of all these benefits, Westport is also an attractive place for people who want to start businesses because they can get affordable office space and high-quality amenities like restaurants and nightlife. 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. Shelton places in the number two spot with a median income of $87,277. Most of the properties in Riverside are primarily owner-occupied (80%) with only 20% rentals. Other areas of wealth in the state include suburbs surrounding New Haven and Hartford, as well as pockets of Litchfield County . 14 Richest Towns in Connecticut Darien Riverside Westport Old Greenwich Wilton Weston Greenwich Southport New Canaan Avon Ridgefield Stamford Woodbridge Essex 1. Darien residents live a good work-life balance with an average commute time of 39 minutes. 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. The 20 Richest Towns in Connecticut in 2022; Liz Flynn. Fairfield County is very close to New York City. From Hedge Fund Executives to High Profile Athletes, these wealthy Americans call Connecticut their home. The city is in Fairfield County, with Census Bureau statistics that list the racial majority as 89.61% white, with similar demographics in the public schools. Want to learn more about Riverside? While the income number is higher than that of Milford, the higher unemployment rate of 7.9% gives this city a solid second place. 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. Its among the top ten. 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 unemployment rate is 3.2%, compared to the Fairfield County unemployment rate of 5.2%. (and lowest paying jobs). Fairfield County's Norwalk, CT is the third richest city in the Nutmeg State. 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. The third on the list is Westport. The median household income is just over $190K per year. Be sure toFollow Us on Instagram,Like Us on Facebook, Subscribe to our YouTube Channel,and subscribe to ourMonthly Newsletter. 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. It's also very well educated, with over half of its residents having a college degree. Darien is a small town on Connecticut's gold coast that is home to approximately 6,759 people. Learn more about the Homesnacks methods that were used to collect the data and how the statistics were calculated. 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. A CT bill would expand it fur, Is CT recycling going into the trash? Some work at private companies and governmental institutions. 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. Counties [ edit] Woodbridge is another Connecticut hamlet passed over by statisticians pointing out the most affluent cities in Connecticut. The town is also known for having excellent public schools. Weston Profile Page with Infographics. Look here. 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. Fairfield is one of the richest 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. The Gold Coast, also known as Lower Fairfield County or Southwestern Connecticut not limited to the Connecticut panhandle, . Its an Upper-Middle-Class town with a median household income of just under $141K. The unemployment rate is 8.6% and the poverty rate is 10% in this city. The average adjusted gross income is $222,660. Wilton has impressive parks and rec programs to provide residents with many green areas to enjoy public events or family picnics. According to the most recent data, the number of people living in Ridgefield has decreased by 0.7% since 2020. Most Dangerous Neighborhoods in Washington DC. The Community Trail runs along the Long Island Sound and is a great place to walk or ride your bike. Its in Hartford County. 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. Flavian Johnny is the founder of Mostexpensively.com - a blog that serves as an invaluable resource for expatriates and travelers looking for something special and unique. There are also several golf courses in town that draw a lot of people from around the world. Avons diversity rate is better than most of its neighboring communities. . 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.. The first thing that comes to most peoples minds when they think about determining the richest places is to simply identify personal incomes. Another one of the richest towns in Connecticut is Weston. Westport Profile Page with Infographics. Darien is one of the wealthiest towns in Connecticut. Wilton is undoubtedly a wealthy community and one of the top ten richest in the state of Connecticut for 2022. The average commute time for workers is 26.5 minutes, suggesting plenty of local jobs in the citys economy. Other areas of wealth in the state include suburbs surrounding New Haven and Hartford, as well as pockets of Litchfield County. 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. However, we dont believe that one statistic wholly encompasses what it means to be one of the richest places. We suspect that the recent pandemic took a toll on residents who lost their jobs, with some forced to relocate for more affordable housing. 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. It has an active social scene and boasts an impressive collection of restaurants, shops, and entertainment venues. 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). 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. Being a coastal city, citizens have plenty of opportunities to spend their free time. Norwalk, CT, USA 4. The median house price in Westport is approximately $1.5 million. Darien residents are well educated with 83% of residents having obtained a bachelors degree or higher. With 733 . Read More The 20 Safest Places To Live in TennesseeContinue, If you dont know what a HELOC is, dont feel stupid. Only 16 states were represented in the top 100. Education Levels If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already. Almost 6,300 communities met the criteria, which includes approximately 75% of total households in the U.S.". Its a desirable place to live if you can afford the costs. West Simsbury has 151,104 residents as of 2022. 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. Old Greenwich has a population of 6,962 and a median household income of $222,794. The unemployment rate is 8.0% and the poverty rate is 8.9%. It is also one of the most diverse towns in the state, with over 50% of its residents being foreign-born. 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. Citizens of COS COB have an average commute time from home to work of 31.9 minutes, suggesting they dont need to travel far for work. Westport is in the top five most affluent cities in Connecticut for 2022. It has a population of 33,900 residents. The upscale community attracts residents who commute to New York City because its easy train ride to Manhattan. Its a socioeconomically Upper Middle-Class city with a median household income of $136,261. The median income in Bristol is $61,551 while the unemployment rate is 7.8% and the poverty rate is 10.3%. Fairfield County town is one of the most desirable places to live if you have the financial means. In a city with a population of 52,005, the median income came in at $81,971. 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. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks. Just 16% of the homes are rentals. A Bloomberg report is out on the 100 richest towns in America, and four towns in Connecticut made the list. Its also far below the national average rate of 3.9%. As at 2019, Connecticut had a per capita income of $44,496. The average home price in Southport is $600,000. Fairfield offers many different types of housing options including condos, apartments, townhomes, and single-family homes. The richest town in Connecticut is Darien, with a median household income of $251,200. 6. Home to over 136,309 people, Stamford is the richest city in Connecticut. A Bloomberg report is out on the 100 richest towns in America, and four towns in Connecticut made the list. Its located in Fairfield County under the 06896 zip code, sharing a border with Danbury and Georgetown. Test performance scores in public schools are ranked as excellent. 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. OnlyInYourState may earn compensation through affiliate links in this article. This site uses Akismet to reduce spam. 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. If youre planning a move to Tennessee, then youll be happy to know that there are some areas that are among the most beautiful in scenery as the landscape changes from one season to another. 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. 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). Renters pay an average of $1,361 per month. Greenwich had a median household income of $180,484 in 2021 and is known as one of the richest cities in America. In fairness, the high prices arent unjustified. 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. Related: The 10 Wealthiest Cities In North Carolina. The next town on this list is Wilton. 79.4% of the community are US-born citizens, with 11.73% born in other countries. If you want to live in one of Connecticuts richest places, youre going to need to make upwards of $59,791/year. Its smaller than Ridgefield but slightly more affluent. A relatively small town, it offers the opportunity of doing great outdoor activities. How Much Are Closing Costs in Texas & Who Pays Them. Other factors influencing the ranking of this city included an unemployment rate of 6.6% and a poverty rate of 7.1%. Middletown, a riverside city south of Hartford, takes the 6th place spot with a median income of $63,828. The town has a high concentration of people from New York City who commute to work here by train or car. The unemployment rate is 7.3% while the poverty rate is higher at 11.2%. Its got a population of just over 20,249 (2020) people, but it feels much smaller than that. Jobs are plentiful in the city with a population of 7,453. The average family home retails for a massive $611,500, almost three times the . Renting is a little cheaper, but not by much expect to part with around $1,886 per month for an apartment. Head out on a fun getaway to these spots: Thank you! Matter of fact, its because there are a bunch of well-to-do people that call this New England state home. It is a Fairfield County city home to many wealthy residents who enjoy private country clubs, yacht clubs, and pristine beaches. 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. With salaries like that, most residents are having no problem in keeping up with those monster mortgage re-payments. Four Connecticut towns made the top 50 list (well, three. Avon, CT Annual household income: $187,080, 10. Well, HomeSnacks crunched the numbers and discovered that Stamford is the most expensive place to live in Connecticut. With a population of 63,518, Greenwich is an upscale community with a median household income of $180,44. After we collected the data for all 21 places with more than 9,000 people in Connecticut, we ranked each place from 1 to 21 for each of the criteria, with 1 being the richest. With its quaint downtown, beautiful homes, and friendly people, its no wonder that Ridgefield was named one of the top 100 small towns in America by Money magazine! Visit Bloomberg for the full report. 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. With fancy city names like Windsor and Danbury, Connecticut seems to ooze wealth around every corner. Connecticut is one of the wealthiest states in the US. There is a good reason that Norwalk was listed as one of the. With a population of 20,622 inhabitants, the average income per household is $145,244. Let's go! Riverside has a population of 8,843. Theres a reason this state is one of the richest in the country. 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. Let us take a look at some of the richest towns in Connecticut that make up the per capita income. Stamford, CT Annual household income: $152,102, 11. In terms of per capita income, Connecticut is the richest state in the United States of America. Old Greenwich Profile Page with Infographics. According to Area Vibes, the cost of living in Westport is 82% higher than the Connecticut average. There are plenty of shopping and fine dining venues in Riverside. Old Greenwich enjoys a low crime rate and excellent public schools. 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. View Map of 25 Poorest Zipcodes in Connecticut. The upside to all those sky-high prices is a median income that ranks as one of the highest in the state. She also enjoys creative writing, content writing on nearly any topic (particularly business and lifestyle), because as a lifelong learner, she loves to do research and possess a high skill level in this area. 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. The median home value in Greenwich is over $1.5 million, and many residents work in finance and banking in NYC. 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