richest towns in connecticut

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. 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. The average price of a home is $611,500, nearly three times the national average. Youll find a community of 1,300 Wall Street execs and affiliates living in Old Greenwich, Connecticut. Avon, CT Annual household income: $187,080, 10. Riverside is one of the wealthiest communities in Connecticut. Shelton has an extremely successful economy, with the 2nd lowest poverty level and lowest unemployment rate in Connecticut, at 5.4% and 4.9% respectively. Here are the wealthiest towns in Connecticut. Fairfield County towns have made yet another list of the richest places in the U.S. Renting is a little cheaper, but not by much expect to part with around $1,886 per month for an apartment. However, depending on the neighborhood, you can also find more affordable housing. (Infographic), What are the Highest Paying Jobs in Connecticut? The average home value is $650,400. The median sales price of homes in Riverside is $834,000. Read More The 20 Safest Places To Live in TennesseeContinue, If you dont know what a HELOC is, dont feel stupid. 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. 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). Westport was third in the state, and no. It has a population of 33,900 residents. The unemployment rate is 3%, which beats the state average by 4.1%. The average home price in Southport is $600,000. 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. According to the report, the four towns are Darien, Old Greenwich, Riverside, and . This time the list is from Bloomberg. Avon is the home of 1,206 entrepreneurs. 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. Ridgefield, CT Annual household income: $206,560, 6. Like we said earlier, when we set out to identify the richest places in Connecticut, we werent sure what wed encounter, but it ended up being some of the best places to live in Connecticut. Related: The 10 Wealthiest Cities In Missouri. 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 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. People who live and work in Easton have a slightly higher income level. The median home value is $766,900, making it more affordable than some other affluent communities. The staggering low unemployment rate for 2022 is 0.4%, far below the county, state, and national averages for unemployment rates. The median income in Danbury is $67,430 helping to secure its 5th place ranking. Old Greenwich enjoys a low crime rate and excellent public schools. In addition to having a high income, Wilton residents also have a very low poverty rate at just 2.4%. It has a great location, close to major highways and a short drive from New York City. Rentals are much higher than most, with an average of $2,443 per month for non-homeowners. Its also very well educated, with over half of its residents having a college degree. The median home value in Greenwich is over $1.5 million, and many residents work in finance and banking in NYC. It has an active social scene and boasts an impressive collection of restaurants, shops, and entertainment venues. $55,137 is the median income in this city while the unemployment and poverty rates are 7.5% and 13.4% respectively. Its also known for its rich history and is listed on the National Register of Historic Places as Woodbridge Green Historic District. Greenwich had a median household income of $180,484 in 2021 and is known as one of the richest cities in America. If you want to live in Darian, youd better start saving. 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. A CT bill would expand it fur, Is CT recycling going into the trash? The unemployment rate is low compared to the state average, and commuters spend an average of 44 minutes driving to work. 91.82% of the Population is white, with 87.8% white students in the public school system. Its also one of the wealthiest towns in Connecticut, with a median annual income per family of $180,057. New Cannan, CT Average household income: $200,203.00 Living in New Canaan is like being surrounded by family. The largest city in Litchfield County, Torrington, grabs the number eight spot. The average home value is $466,000, making it one of the more affordable rich neighborhoods to buy a house. Are you surprised by this list of the richest cities in Connecticut? As at 2019, Connecticut had a per capita income of $44,496. 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). 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 Gold Coast, also known as Lower Fairfield County or Southwestern Connecticut not limited to the Connecticut panhandle, . Its capital is Hartford, and its most populous city is Bridgeport. and 10 Reasons to Move to Greenwich, CT. Wilton is recognized as one of the wealthiest towns in Connecticut with a median household income of $209,635. OnlyInYourState may earn compensation through affiliate links in this article. Above is a fundraiser at the famous Glass House in New Canaan. Darien has a population of 21,499. There are many things to do including going to the beach and shopping at the local malls. Easton has excellent schools both public and private schools are available. On the plus side, the median income of $190,227 is equally jaw-dropping. The Population for 2020 was 1,797, but it has grown to 1,839 for 2022. According to Wikipedia, Granby is a rural town, located in the foothills of the Litchfield Hills of the Berkshires, besides the suburban natured center, the outskirts of town are filled with dense woods and rolling hills and mountains. We analyzed 21 places in Connecticut to determine where the 1% live. Other areas of wealth in the state include suburbs surrounding New Haven and Hartford, as well as pockets of Litchfield County. Liz Flynn has worked as a full-time writer since 2010 after leaving a career in education. And if you have some time on your hands, take a look at how the other 99% live in Connecticuts poorest places. The town center village is listed as a historic district on the National Register of Historic Places. 78% of them have at least a bachelors degree. All in all, Riverside is a town that offers a great quality of life to its citizens. However, test score performance in the public school system gets a poor ranking. Its a small town of 10,354. Woodbridge is another Connecticut hamlet passed over by statisticians pointing out the most affluent cities in Connecticut. Haub, who took over the company after the death of his brother, Karl-Erivan, is now worth an estimated $2.9 billion. Certainly enough time to go to the beach after work for a picnic dinner by the water! 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. 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. We use data, analytics, and a sense of humor to determine quality of life for places across the nation. Connecticut is no ones idea of a poor state. The Census revealed that 87.21% of the people living in the city are white, with 80.8 of students in the public schools listed as white. The remaining six wealthy Connecticut communities, all in Greenwich, in order are. The median income in Bristol is $61,551 while the unemployment rate is 7.8% and the poverty rate is 10.3%. The town is home to many Fortune 500 companies such as General Electric and Terex Corporation. A Bloomberg report is out on the 100 richest towns in America, and four towns in Connecticut made the list. The median household income in Wilton is $204,473 which is over twice as much as the state average of $79,043. Its safe, with a low crime rate. However, the average house prices range from $1,5 million to $3 million. The town has a high concentration of people from New York City who commute to work here by train or car. A rain garden is an area dug slightly below the surrounding area that can catch and collect rainfall and keep it from carrying pollutants downstream. Wilton, CT Annual household income: $193,292, 9. If you can swallow up those property prices, theres a good chance youll be rewarded with an income in the region of $222,535. Most Expensively 2023. Weston residents are well educated with 78% of residents having obtained a bachelors degree or higher. It is located about 29 miles northeast of New York City, offering residents an easy commute to the city. Inflation-adjusted household income is one of the factors. The majority are white-collar workers, just 4.96% in the blue-collar classification. Westport residents are well educated with 78% of residents having obtained a bachelors degree or higher. Save my name, email, and website in this browser for the next time I comment. Groton rounds out the list of richest cities in the number ten spot. Ridgefield is one of the wealthiest towns in Connecticut with a median household income of 133,647. Its a great place to raise kids, with top-rated schools and safe streets. 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. View Map of 25 Poorest Zipcodes in Connecticut. Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. The unemployment rate is lower than the state rate of 4.1% and the national rate of 3.9%. Riverside residents live a good work-life balance with an average commute time of 37 minutes. Fairfield County town is one of the most desirable places to live if you have the financial means. You'll receive your first newsletter soon! Redding is one of the wealthiest towns in CT. Its a small upscale community with a population of 8,765. Stamford Wikipedia/John It's also very well educated, with over half of its residents having a college degree. Fairfield is one of the richest towns and among the best places 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. The most affluent settled in the area to enjoy its beautiful beaches and other luxury amenities. She finds almost all topics she writes about interesting, but her favorite subjects are travel and food. The beautiful neighborhood is small, just 6,962, after the influx of rich business professionals. Some work at private companies and governmental institutions. Southports location near New York City also makes it attractive for commuters working there. It is a picture-perfect neighborhood in the Town of Greenwich with beaches, highly rated schools, and an easy train ride to NYC. 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. 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 first thing that comes to most peoples minds when they think about determining the richest places is to simply identify personal incomes. 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. Westport Profile Page with Infographics. The communities in this city are close, and they love to sponsor community events for the residents and visitors. If you can afford a mortgage, its the better way to go in Fairfield. Greenwich residents are well-educated, with 70.6% having completed at least a bachelors degree. 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. Fairfield is a moderate-sized city in Fairfield County. Connecticut&rsquor;s per capita income was $44,496 in 2019, according to estimates. Living in New Canaan is like being surrounded by family. Located on Connecticut's Gold Coast, Greenwich is a financial powerhouse and also an exciting place to visit. The median income is $80,896. Wilton steps it up a notch with an upper-class community that is home to a close-knit community, schools that offer prestigious educational opportunities for students, big homes, and safe streets. All Rights Reserved. Darien Profile Page with Infographics. HomeSnacks is reader-supported. Lidia has more than 10 years experience in news and digital media and holds a degree in journalism from the University of Connecticut. Stamford is situated only 30 miles north of NYC, so it offers residents unparalleled access to the city. So, want to know where its just as difficult to Keep up with the Connecticuters as it is The Kardashians? Download The Entire Connecticut Ranking Data. The state is home to 91 of the US 100 most affluent zip codes. Wilton is undoubtedly a wealthy community and one of the top ten richest in the state of Connecticut for 2022. 14 Richest Towns in Connecticut Darien Riverside Westport Old Greenwich Wilton Weston Greenwich Southport New Canaan Avon Ridgefield Stamford Woodbridge Essex 1. Her works have been featured on Good Housekeeping,Next Luxury,Wanderlog,NurseJournal,NewsBreak,ThaiWare,and Yahoo. Keep reading. Want to learn more about Old Greenwich? Riverside has a population of 8,843. Rich people not your cup of tea? What you might love just a little less is how excruciatingly expensive it is to live here although theres an (admittedly very small) selection of housing options on the reasonable end of the spectrum, there are enough hugely expensive properties to push the median home value to a whopping $1,355,800. 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. New Canaan is situated right next to Darien and is also one of the richest towns in Connecticut. However, its also popular among locals so much so that there are rumors that it might become a commuter town for New York City residents. Home to some of the most affluent residents in Connecticut, Westport has a median household income of $206,466. There are many factors that go into determining how rich or poor an area in Connecticut is, and the typical residents income can vary greatly from one place to another. 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. 1. The fourth wealthiest town in Connecticut is Old Greenwich. Its a great place for families and young professionals to live. 1. The average value of a home is just under $800,000, which is on par with the average household income. As one of the Nutmeg state's oldest towns, it also represents one of the richest. 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. 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. Jobs are plentiful in the area, with the working Population gainfully employed except for just 3.5%. 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.