The average home price in town is $780,000. All Rights Reserved. If you can swallow up those property prices, theres a good chance youll be rewarded with an income in the region of $222,535. With an average household income of $236,892 per year, it is one of the richest towns in the state. The town is home to many Fortune 500 companies such as General Electric and Terex Corporation. Redding is one of the wealthiest towns in CT. Its a small upscale community with a population of 8,765. Her works have been featured on Good Housekeeping,Next Luxury,Wanderlog,NurseJournal,NewsBreak,ThaiWare,and Yahoo. Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. Darien Profile Page with Infographics. Old Greenwich is one of the richest Neighborhoods in Connecticut with a median household income of $238,750. As one of the Nutmeg state's oldest towns, it also represents one of the richest. 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. Residents enjoy a short train ride to New York City for shopping and entertainment, then return to the safety and comfort of this beautiful community. Darian will be the second wealthiest city in Connecticut in 2022. 83% of the residents have a bachelors degree or higher, and the unemployment rate is low. Actual ranking depends on what metrics are used, but in general, Connecticut ranks within the five wealthiest states in the country. Were just going to leave this right here. Test performance scores in public schools are above average, slightly lower than in Ridgefield. Westport is one of the richest towns in Connecticut with a median household income of $222,375. The median sales price is residential sales data for 12 month period ending January 2023. The median household income is $99,791, and the average home price is $672,000. 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. View Map of 25 Poorest Zipcodes in Connecticut. Its a city of high-earners who live the high life enjoying their private yacht and country clubs, with access to the citys pristine beaches. With salaries like that, most residents are having no problem in keeping up with those monster mortgage re-payments. 14 Richest Towns in Connecticut Darien Riverside Westport Old Greenwich Wilton Weston Greenwich Southport New Canaan Avon Ridgefield Stamford Woodbridge Essex 1. 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. The town is also known for having excellent public schools. The average family home retails for a massive $611,500, almost three times the national average. The town also boasts one of the best school systems in all of Connecticut! 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. In a city with a population of 52,005, the median income came in at $81,971. The town is full of greenery and offers residents a tranquil vibe. Riverside has a population of 8,843. 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. The average household income in Woodbridge is $96,919, and the median home price is $595,000. 45.7% of the children in public schools are eligible for free or reduced lunch programs. Woodbridge, CT Annual household income: $205,541, 7. The bright side? You can find out more about him on LinkedIn or his website. Want to learn more about Weston? Known for its luxury waterfront homes, Old Greenwich has a median sales price of $2,063,000. Shelton. And that makes living in the state expensive. The crime rate is practically non-existent, the median income is a stonking $139,122, the schools are some of the best in the state, and despite its relatively small size, it has a huge selection of restaurants, shops, cafes, and recreational venues to enjoy. 2015-2023 Chasing Chains, LLC. Look here. 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 median home value in Easton is over $772,758 making it one of the most expensive places to live in Connecticut. Related: The 10 Wealthiest Cities In New York. 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. 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. Whenever any publication compiles a list of Americas richest cities, theres one name you can always count on seeing Old Greenwich. Greenwich is another of the wealthiest towns in Connecticut. The city deserves its spot on the list as its well above the average US income. Located on Long Island Sound, Southport is a charming seaside community with a vibrant downtown area and beautiful beaches. Only 15% of the residents rent because most people there are homeowners. . 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. New Canaan is situated right next to Darien and is also one of the richest towns in Connecticut. In 2010, communities got $74 million or just 28 percent of the $264 million they lost on state property, according to the Connecticut Conference of Municipalities. The result? Want to learn more about Darien? Connecticut towns make Bloomberg list of richest places, Owner of Tm brings authentic Mexican cuisine, art to Fairfield, St. Patrick's Day food and drink menus, parties around CT, Connecticut Magazine's 25 Most Romantic Restaurants in CT. Every year, Connecticut Magazine asks readers and experts for the state's best dining spots. The unemployment rate is 3.2%, compared to the Fairfield County unemployment rate of 5.2%. The median income in Danbury is $67,430 helping to secure its 5th place ranking. Fairfield County's Norwalk, CT is the third richest city in the Nutmeg State. 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. Only 16 states were represented in the top 100. Its one of the areas wealthiest communities, with the median annual household income at over $215k. Its also known for its rich history and is listed on the National Register of Historic Places as Woodbridge Green Historic District. It is a charming seaside neighborhood that is in the Town of Greenwich with waterfront homes and private beaches. According to the report, the four towns are Darien, Old Greenwich, Riverside, and . There is a good reason that Norwalk was listed as one of the. 10. The average home value is $466,000, making it one of the more affordable rich neighborhoods to buy a house. In terms of per capita income, it beats the nearest competition by a huge margin of almost $4000. If youre curious enough, here are the poorest cities in Connecticut, according to data: Poorest: Hartford2nd Poorest: Bridgeport3rd Poorest: Waterbury. So, want to know where its just as difficult to Keep up with the Connecticuters as it is The Kardashians? New Canaan is one of the wealthiest towns in Connecticut with a median sales price of $1,155,000. Its capital is Hartford, and its most populous city is Bridgeport. South Glastonbury, CT Annual household income: $135,596, 18. The median income is $80,896. Its a desirable place to live if you can afford the costs. South Glastonbury is a small town with a growing population ranging from 4848 to 5651. Almost 6,300 communities met the criteria, which includes approximately 75% of total households in the U.S.". The richest places in Connecticut are a lot like expensive diamonds; but, dont get it twisted, they are not by any means the diamonds in the rough. He spends more time than is perhaps wise with his eyes fixed on a screen either reading history books, keeping up with international news, or playing the latest releases on the Steam platform, which serve as the subject matter for much of his writing output. 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. 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). A median income that sits at a mammoth $352,839. (Infographic), What are the Highest Paying Jobs in Connecticut? Its also home to the states only national historic site, Weir Farm. This affluent community is the home of 18,410 residents with an average age of 45 years, with slightly more females than males. COS COB is a Fairfield county city that extends to the border of the Stamford city limits. The median house price in Westport is approximately $1.5 million. As the name implies, Southport is a port city that is situated on the coast. What determines the overall wealth of a city? Related: The 10 Wealthiest Cities In California. The city has magnificent homes with long driveways accessible through winding country roads and beautiful landscapes. In 2018, the average household income in its Old Greenwich. Wilton is also known as the village because of its quaint feel with many historic homes and buildings. Woodbridge is another Connecticut hamlet passed over by statisticians pointing out the most affluent cities in Connecticut. Dariens median home value is $1,654,00. The town is partly in Hartford County, with some areas in Middlesex County. If you want to live in one of Connecticuts richest places, youre going to need to make upwards of $59,791/year. It is also one of the most diverse towns in the state, with over 50% of its residents being foreign-born. We analyzed 21 places in Connecticut to determine where the 1% live. If you love the outdoors, check out the beautiful. The average adjusted gross income is $222,660. If you want to live in Darian, youd better start saving. Most of the properties in Riverside are primarily owner-occupied (80%) with only 20% rentals. Download The Entire Connecticut Ranking Data. Riverside residents live a good work-life balance with an average commute time of 37 minutes. Darien The richest town in Connecticut is Darien, with a median household income of $251,200. Thats right, folks, the Gold Coast didnt get its name because gold was found on Connecticuts beaches. 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. 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. Its located in Fairfield County under the 06896 zip code, sharing a border with Danbury and Georgetown. Love Connecticut? Shelton places in the number two spot with a median income of $87,277. 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. Learn how your comment data is processed. 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. 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. 87% of the residents own their homes, and just 13% rent. Weston has been named one of the best places to live by Money Magazine, and it has consistently been ranked as one of the safest towns in Connecticut. Ridgefield is also home to several conservation areas and preserves that provide a haven for wildlife such as deer, foxes, wild turkeys, and hawks. COS COB, CT Annual household income: $136,261, 17. Riverside, CT Annual household income: $215,791, 5. Darien has a population of 21,499. It is one of the richest towns in Connecticut, boasting a median sales price of $1,835,000. Westport was third in the state, and no. In addition to having a high income, Wilton residents also have a very low poverty rate at just 2.4%. However, it is true that overall, the Nutmeg State is richer than most. 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. 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. [1] All data is from the 2010 United States Census and the 2011-2015 American Community Survey 5-Year Estimates.[2][3]. A wealthy enclave on Connecticut's Gold Coast, Greenwich is consistently ranked as one of the richest cities in America. Westport is a very desirable place to live as it ranks highly for safety. The unemployment rate is 3%, which beats the state average by 4.1%. Its a small, charming seaside community in the Town of Greenwich with a population of 6,873. Use Next and Previous buttons to navigate. 9. Although the town is small, youll find plenty of recreational venues, cafes, restaurants, and shops. The Population is 8,843 in this close-knit community. The schools also have state-of-the-art technology such as iPads and Smart Boards so students can learn in new ways. Other factors influencing the ranking of this city included an unemployment rate of 6.6% and a poverty rate of 7.1%. Not that there isnt more to it than that with a vibrant food scene, a charming historic district, gorgeous parks, and a great selection of shops, it offers premium living at an admittedly premium price tag. Darien is a small town on Connecticut's gold coast that is home to approximately 6,759 people. The average renter pays $2,336 per month. The median sales price of homes in Riverside is $834,000. If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already. Most of the residents are of white ethnicity, with only 6.1% of students in the public schools eligible for free or reduced lunch. Some haulers caught, Arming guidance counselors? Darian is on Long Island Sound and offers waterfront property for sale and for rent. Most of Connecticut's wealth is concentrated in Fairfield County, which contains many affluent suburbs in Connecticut. All rights reserved. Stamford Wikipedia/John Westport Profile Page with Infographics. People who suffer from the pain and discomfort of arthritis can improve their symptoms by avoiding certain climates. On this Wikipedia the language links are at the top of the page across from the article title. This time the list is from Bloomberg. Ned Lamont and General Assembly leaders to to focus on offsetting a potential property tax Armageddon. On the plus side, the median income of $190,227 is equally jaw-dropping. The median household income in Wilton is $204,473 which is over twice as much as the state average of $79,043. Rentals are much higher than most, with an average of $2,443 per month for non-homeowners. Other areas of wealth in the state include suburbs surrounding New Haven and Hartford, as well as pockets of Litchfield County . The average commute time from home to work is 23.6 minutes, suggesting ample employment opportunities in South Glastonbury. The communities in this city are close, and they love to sponsor community events for the residents and visitors. If the idea of paying $2,724 in rent each month makes you feel the same, definitely scratch it from your list. The average home value is $1,561,200, with 84% of the residents owning their own homes. Want to learn more about Old Greenwich? Its a peaceful town thats a great place for people who want to get away from hectic city life and enjoy nature. New Cannan, CT Average household income: $200,203.00, 8. After all, rich people have really high salaries. 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. 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. The poverty rate is remarkably low at 1.12%, with median rent at $1,832 per month. The homes in Westport are primarily owner-occupied (85%) and only 15% rentals. A town covered in vibrant nature, Avon is one of the richest towns in Connecticut. 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. Ridgefield, CT Annual household income: $206,560, 6. Located on Connecticut's Gold Coast, Greenwich is a financial powerhouse and also an exciting place to visit. Fairfield offers many different types of housing options including condos, apartments, townhomes, and single-family homes. The Community Trail runs along the Long Island Sound and is a great place to walk or ride your bike. Certainly enough time to go to the beach after work for a picnic dinner by the water! Essex is another one of the richest towns in Connecticut. People love to enjoy life and share it with family, friends, and neighbors. We suspect that the recent pandemic took a toll on residents who lost their jobs, with some forced to relocate for more affordable housing. Darian is an entire little town, and those that call it home enjoy lifes best with quaint shops, great places to dine, and plenty of recreational, shopping, and community event opportunities. Milford grabbed the top place in this list of richest cities. Fairfield is one of the richest towns and among the best places to live in Connecticut. The 20 Richest Towns in Connecticut in 2022; Liz Flynn. Wilton, CT Annual household income: $193,292, 9. If you plan to buy a home in the city, the median home value is $330,100. The second wealthiest town in Connecticut is Riverside. The streets are safe, and the schools are highly rated. Its a great place for families and young professionals to live. Renters pay an average of $1,361 per month. This is our tenth time ranking the richest cities in Connecticut. The median home value is steep at $1,382,800 for 2022. Greenwich had a median household income of $180,484 in 2021 and is known as one of the richest cities in America. The majority are white-collar workers, just 4.96% in the blue-collar classification. The median home value is $766,900, making it more affordable than some other affluent communities. Riverside residents are well educated with 73% of residents have obtained a bachelors degree or higher. Greenwich is synonymous with luxury real estate and wealth. 79.4% of the community are US-born citizens, with 11.73% born in other countries. The staggering low unemployment rate for 2022 is 0.4%, far below the county, state, and national averages for unemployment rates. Most Expensively 2023. And if you have some time on your hands, take a look at how the other 99% live in Connecticuts poorest places. The unemployment rate is 7.3% while the poverty rate is higher at 11.2%. Map of 25 Wealthiest Zipcodes in Connecticut Based on Average Adjusted Gross Income. Lidia Ryan is the managing editor of trending and features for Hearst Connecticut Media Group and is part of the digital team. 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.. 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. Isn't it grand to see Granby here in the top ten safest places in Connecticut. Suburbs 101is an insiders guide to suburban living. The climate is better for persons with allergies, asthma, and other respiratory conditions. Essex Village, CT Annual household income: $172,302, 12. 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. United States locations by per capita income, List of Connecticut locations by per capita income, United States counties by per capita income, "U.S. Census Bureau QuickFacts: Connecticut", "SELECTED ECONOMIC CHARACTERISTICS 2011-2015 American Community Survey 5-Year Estimates", "Profile of General Population and Housing Characteristics: 2010 Demographic Profile Data", U.S. states and territories by per capita income, List of United States counties by per capita income, Highest-income counties in the United States, Highest-income metropolitan statistical areas in the United States, Highest-income urban areas in the United States, Highest-income ZCTAs in the United States, Lowest-income counties in the United States, https://en.wikipedia.org/w/index.php?title=List_of_Connecticut_locations_by_per_capita_income&oldid=1133314595, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 13 January 2023, at 05:01. If more people are employed, the richer the future looks. Test performance scores in public schools are ranked as excellent. When Does a Seller Get Their Money After Closing on a House? The fourth wealthiest town in Connecticut is Old Greenwich. Connecticut’s per capita income was $44,496 in 2019, according to estimates. Avon, CT Annual household income: $187,080, 10. The median household income in Riverside is $250,000, and most homes sell for over $2.5 million. 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 very well educated, with over half of its residents having a college degree. Darien is one of the wealthiest towns in Connecticut. If you dream of the quiet life, its ideal. Because it is a coastal town, you can spend most of your time on the beach and in natural parks. 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. It is a Fairfield County city home to many wealthy residents who enjoy private country clubs, yacht clubs, and pristine beaches. They found this lovely old city during the Covid-19 pandemic and relocated for a safer and serene place to live. The schools are excellent and the town is beautiful, with tree-lined streets and old-fashioned townhouses. The information presented in this article are based on data from theUS Census American Community SurveyandRedfin. 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. 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. Weston residents live a good work-life balance with an average commute time of 42 minutes. The high demand is getting harder to find places for sale. Southport isnt the kind of city where keeping up with the neighbors comes cheaply. The Population is 27,141, with an average rent of $2,724 if youre not a homeowner. Stamford is a city in Fairfield County with a population of 14,499. It has a population of 27,141. You can download the data here. Gov. 1. Fairfield County town is one of the most desirable places to live if you have the financial means. What is it like to live in Greenwich, CT? Most Dangerous Neighborhoods in Washington DC. Located in Fairfield County, Darien residents have it all- pristine beaches, private Country Clubs and Yacht clubs, a charming downtown, and an easy train ride to NYC. The unemployment rate is lower than the state rate of 4.1% and the national rate of 3.9%. Source: US Internal Revenue Service - 2018. It is also one of the most expensive places to live in the country, with a median home value of $1,051,014. It has a great location, close to major highways and a short drive from New York City. Its smaller than Ridgefield but slightly more affluent. Darian If you want to live in Darian, you'd better start saving. Hoping for a glimpse at some of those gorgeous views for which this town is known? 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. The community is known for being tight-knit with safe streets, low unemployment rates, and top-notch schools. How Much Are Closing Costs in Texas & Who Pays Them. The town is also home to many hedge fund managers, bankers, and lawyers. We aim to deliver bite-sized pieces of infotainment about where you live. 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! DARIEN, CT Darien is the wealthiest town in Connecticut, where the median household income is more than $200,000, according to a new report. The unemployment rate is just 3.1%, with an average commute of 33 minutes. Weston, CT Annual household income: 222,535, 3. Stamford is situated only 30 miles north of NYC, so it offers residents unparalleled access to the city. From Hedge Fund Executives to High Profile Athletes, these wealthy Americans call Connecticut their home. These are some, Read More The 10 Richest Zip Codes In CaliforniaContinue, Florida has the longest coastline of any state in the contiguous United States. The richest town in Connecticut is Darien, with a median household income of $251,200. However, depending on the neighborhood, you can also find more affordable housing. The current Population is 2,601, with an annual growth rate of 0.35%. The upside to all those sky-high prices is a median income that ranks as one of the highest in the state. Want to learn more about Riverside? Old Greenwich Profile Page with Infographics. Westport is one of the wealthiest towns in Connecticut. 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. The town has a thriving arts community and many of its residents are involved in local government or volunteer activities. Fairfield, CT Annual household income: $139,122, 16. In Old Greenwich, homes are primarily owner-occupied (84%) and only 16% of homes in Old Greenwich are rentals. The greatest investment during 2015 has been in the alternative accommodations, Read More Where $100 million in Vacation Rental Startups is GoingContinue, Colorado is an incredible state to stay in if you are looking for a place with amazing weather, plenty of food, sports, cultural, and outdoor activities. Above is a fundraiser at the famous Glass House in New Canaan. Besides these, Colorado has ongoing employment opportunities in aviation,, Read More The 10 Cheapest Places to Live in ColoradoContinue. Theres a premium on living in a safe neighborhood with all the trappings of a luxurious existence. 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.