richest towns in connecticut
In 2018, the average household income in its Old Greenwich. Home to over 136,309 people, Stamford is the richest city in Connecticut. There is a good reason that Norwalk was listed as one of the. Look here. Education Levels 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. Middletown, a riverside city south of Hartford, takes the 6th place spot with a median income of $63,828. Its median income is $58,717. Avon, CT Annual household income: $187,080, 10. Although the town is small, youll find plenty of recreational venues, cafes, restaurants, and shops. Darian will be the second wealthiest city in Connecticut in 2022. Zip Data lists West Hartford as one of the 20 richest cities in the state. 89.3% of the homes are occupied by their owners, with 10.7% as rentals. The fourth wealthiest town in Connecticut is Old Greenwich. Theres a premium on living in a safe neighborhood with all the trappings of a luxurious existence. Other factors influencing the ranking of this city included an unemployment rate of 6.6% and a poverty rate of 7.1%. Suburbs 101is an insiders guide to suburban living. The oldest towns in Connecticut are perfect places to visit for those who love learning about history. Known for its luxury waterfront homes, Old Greenwich has a median sales price of $2,063,000. Its less ideal, however, if your bills are already bigger than your income. 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. If you want to live in one of Connecticuts richest places, youre going to need to make upwards of $59,791/year. Despite its small size, it is home to 18,932 people. A town covered in vibrant nature, Avon is one of the richest towns in Connecticut. The unemployment rate is 3%, which beats the state average by 4.1%. What determines the overall wealth of a city? New Canaan is one of the wealthiest towns and among the best places to live in Connecticut. Numerous tech billionaires have called the town home, including Googles Eric Schmidt, Facebooks Sheryl Sandberg and Microsofts late co-founder Paul Allen.". 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. If the idea of paying $2,724 in rent each month makes you feel the same, definitely scratch it from your list. The 20 Richest Towns in Connecticut in 2022; Liz Flynn. The median income is $80,896. The high demand is getting harder to find places for sale. Darien is a small town on Connecticuts gold coast that is home to approximately 6,759 people. Its also home to the states only national historic site, Weir Farm. 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. 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! 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. If you want to live in Darian, youd better start saving. The benefits of living in this city are numerous, such as good schools, safe neighborhoods, and overall great lifestyle quality. 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. CT proposal causes confusion, concern. The average commute time from home to work is 31 minutes. Southports location near New York City also makes it attractive for commuters working there. It has a population of 33,900 residents. The Population for 2020 was 1,797, but it has grown to 1,839 for 2022. The most affluent settled in the area to enjoy its beautiful beaches and other luxury amenities. 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. 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. To see the other wealthy places that made this list, take a look below. The states Atlantic coast is to the east, while the Gulf of Mexico coastline is to the west. If you plan to buy a home in the city, the median home value is $330,100. Visit Bloomberg for the full report. View Map of 25 Poorest Zipcodes in Connecticut. 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. Unfortunately, however, there can be only one Connecticut place thats worthy of the HomeSnacks crown. Connecticut’s per capita income was $44,496 in 2019, according to estimates. Map of 25 Wealthiest Zipcodes in Connecticut Based on Average Adjusted Gross Income. The unemployment rate for the city is 3.6%, compared to the state average of 4.1%, and theyre doing well in securing work. Want to know where Connecticuts 17 billionaires and 122,000 millionaires live? As a sign of just how rich this coastal Connecticut city is, the median income is a massive $321,377. All in all, Riverside is a town that offers a great quality of life to its citizens. When you look at the data, the cities and places mentioned above meet the criteria for being at the very top of the income ladder for everyone that lives there. Greenwich is synonymous with luxury real estate and wealth. Easton has a thriving downtown area with many restaurants, shops, and entertainment options. 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. The next richest town in Connecticut is Ridgefield. 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. Located in Fairfield County, Westport is an affluent town with beaches, private Country Clubs, and Yacht Clubs. The median income in Bristol is $61,551 while the unemployment rate is 7.8% and the poverty rate is 10.3%. Richest Places in Connecticut Bottom Line, Best First Time Home Buyer Programs & Grants in NYC. The town has a high concentration of people from New York City who commute to work here by train or car. After all, rich people have really high salaries. DARIEN, CT Darien is the wealthiest town in Connecticut, where the median household income is more than $200,000, according to a new report. Fairfield is also very safe and has low crime rates. The average home value is $466,000, making it one of the more affordable rich neighborhoods to buy a house. If youre curious enough, here are the poorest cities in Connecticut, according to data: Poorest: Hartford2nd Poorest: Bridgeport3rd Poorest: Waterbury. This small coastal town is the perfect place for raising children, and you can enjoy plenty of outdoor activities, especially walking in nature. We aim to deliver bite-sized pieces of infotainment about where you live. The second wealthiest town in Connecticut is Riverside. Essex is situated near the Connecticut river, a few miles north of some of the states best beach towns. The average family home retails for a massive $611,500, almost three times the . Above is a fundraiser at the famous Glass House in New Canaan. 25 Wealthiest Towns in the New York Suburbs, What are the Highest Paying Jobs in New York? OnlyInYourState may earn compensation through affiliate links in this article. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks. When Does a Seller Get Their Money After Closing on a House? Living in New Canaan is like being surrounded by family. Riverside, CT Annual household income: $215,791, 5. Norwalk, CT, USA 4. It has an active social scene and boasts an impressive collection of restaurants, shops, and entertainment venues. It is a charming seaside neighborhood that is in the Town of Greenwich with waterfront homes and private beaches. Dariens median home value is $1,654,00. Avons diversity rate is better than most of its neighboring communities. 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. 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. Download The Entire Connecticut Ranking Data. Bloomberg reports that in Atherton, "the cheapest house on the market is currently listed for $2.5 million, according to real estate marketplace Zillow.com. 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. Darien The richest town in Connecticut is Darien, with a median household income of $251,200. Darian is on Long Island Sound and offers waterfront property for sale and for rent. Read on to discover the 14 richest towns in Connecticut in 2022. Here are the 10 most expensive places to live in Connecticut for 2023: Stamford Norwalk Danbury New Haven Hartford Bridgeport Ansonia New London Middletown Groton What's the most expensive place to live in Connecticut? Weston residents are well educated with 78% of residents having obtained a bachelors degree or higher. [1] All data is from the 2010 United States Census and the 2011-2015 American Community Survey 5-Year Estimates.[2][3]. South Glastonburys Census results show a total of 2038 households in the town. The streets are safe, and the schools are highly rated. Redding residents enjoy a peaceful life in a rural setting, away from the hustle and bustle of city living, yet still within a 1.5 hour drive to Manhattan. Another one of the richest towns in Connecticut is Weston. The average household income in Woodbridge is $96,919, and the median home price is $595,000. 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. 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. 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. 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. Liz Flynn has worked as a full-time writer since 2010 after leaving a career in education. However, the average house prices range from $1,5 million to $3 million. The average commute time from home to work is 35.7 minutes. The climate is better for persons with allergies, asthma, and other respiratory conditions. 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. Home to some of the most affluent residents of Connecticut, Darien has a median household income of $232,523. Ned Lamont and General Assembly leaders to to focus on offsetting a potential property tax Armageddon. 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. The unemployment and poverty rates are 7.9% and 8.5% respectively. Groton rounds out the list of richest cities in the number ten spot. Want to learn more about Weston? 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. The town is home to many Fortune 500 companies such as General Electric and Terex Corporation. Old Greenwich 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. 10. You'll receive your first newsletter soon! 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. We love the detailed statistics that give us a clear snapshot of the socioeconomic dynamics of the city. The average home price in Southport is $600,000. Redding is one of the wealthiest towns in CT. Its a small upscale community with a population of 8,765. Other areas of wealth in the state include suburbs surrounding New Haven and Hartford, as well as pockets of Litchfield County . 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. Darians median home value sits at around $1.7M thats more than double the national average. The state is home to 91 of the US 100 most affluent zip codes. Westport was third in the state, and no. In Essex Village, the median income for married people with families is $172,302 for married people with families, and slightly lower for unmarried with families. The average value of a home is just under $800,000, which is on par with the average household income. Southport is an affluent town in Connecticut. Shelton places in the number two spot with a median income of $87,277. 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. In a city with a population of 52,005, the median income came in at $81,971. Unfortunately, however, there can be only one Connecticut place that's worthy of the HomeSnacks crown. Its a socioeconomically Upper Middle-Class city with a median household income of $136,261. Cos Cob is one of the wealthiest communities in Connecticut with a median home sales price of $1,312,000. 20. 83% of the residents have a bachelors degree or higher, and the unemployment rate is low. The median household income in Wilton is $204,473 which is over twice as much as the state average of $79,043. the average home value is $1,471,700. Westport is one of the richest towns in Connecticut with a median household income of $222,375. The average home price in Old Greenwich is $1.8 million. Some work at private companies and governmental institutions. The Easton School District offers many different programs including art, music, and sports. Jobs are plentiful in the city with a population of 7,453. It has an average household income of $234,152 and 6,611 residents. The median house price in Westport is approximately $1.5 million. Newtown Borough is being credited as the richest town in the state of Connecticut. If you plan to buy a home in New Canaan, the average price is $1.36 million. New Canaan is expensive, even by Connecticut standards: The median home value is $1.9M, compared to $350,897 for the state overall. Thats right, folks, the Gold Coast didnt get its name because gold was found on Connecticuts beaches. 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. 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! $55,137 is the median income in this city while the unemployment and poverty rates are 7.5% and 13.4% respectively. Learn how your comment data is processed. Stamford is situated only 30 miles north of NYC, so it offers residents unparalleled access to the city. Besides these, Colorado has ongoing employment opportunities in aviation,, Read More The 10 Cheapest Places to Live in ColoradoContinue. West Hartford, CT Annual household income: $142,197, 14. Ridgefield is also home to several conservation areas and preserves that provide a haven for wildlife such as deer, foxes, wild turkeys, and hawks. Most Expensively 2023. Ridgefield, CT Annual household income: $206,560, 6. The unemployment rate tries to capture the prospects for more people to become rich. 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.. 20 Cities with the Worst Weather in the U.S. How Eiza Gonzalez Achieved a Net Worth of $5 Million. 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. Save my name, email, and website in this browser for the next time I comment. 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. Most of Connecticuts wealth is concentrated in Fairfield County, which contains many affluent suburbs in Connecticut. New Canaan and other wealthy towns made it onto the state's list of "disproportionately impacted areas" for favorable treatment in the marijuana legalization rollout, due to a quirk in the data. The median income is $80,896. With fancy city names like Windsor and Danbury, Connecticut seems to ooze wealth around every corner. (Infographs), What are the Highest Paying Jobs in New Jersey? 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). Related: The 10 Wealthiest Cities In Missouri. Learn how your comment data is processed. Related: The 10 Wealthiest Cities In California. The Gold Coast, also known as Lower Fairfield County or Southwestern Connecticut not limited to the Connecticut panhandle, . As a sign of just how rich this coastal Connecticut city is, the median income is a massive $321,377. Use Next and Previous buttons to navigate. The city has grown over the past decade, increasing from 8,223 residents to 9,110. A Bloomberg report is out on the 100 richest towns in America, and four towns in Connecticut made the list. Want to learn more about Riverside? The homes in Darien are primarily owner-occupied (87%) with only 13% rentals. Almost 6,300 communities met the criteria, which includes approximately 75% of total households in the U.S.". 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. Westport is a popular place for New Yorkers to visit on weekends because of its close proximity to Manhattan. Lidia has more than 10 years experience in news and digital media and holds a degree in journalism from the University of Connecticut. Westport residents are well educated with 78% of residents having obtained a bachelors degree or higher. The average adjusted gross income is $222,660. 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. The 20 most affluent places, based on places with available data, all had household incomes above $485,000. Head out on a fun getaway to these spots: Thank you! Westport, CT Annual household income: $222,535, 4. Riverside is one of the wealthiest communities in Connecticut. 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. 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. The town has a population of about 10,278 (2020) people and has a median age of 42 years old. Point 2 Point Homes picked up on the city of Avon, whereas many other demographics lists didnt give them a second look. Newtown Borough is being credited as the richest town in the state of Connecticut. Its also a better choice, Read More The 20 Best Places to Live with Low Humidity in the U.S.Continue. Woodbridge is another wealthy Connecticut town. The median household income is $99,791, and the average home price is $672,000. Check them out: What are the oldest towns in Connecticut? It is a picture-perfect neighborhood in the Town of Greenwich with beaches, highly rated schools, and an easy train ride to NYC. This affluent community is the home of 18,410 residents with an average age of 45 years, with slightly more females than males. Matter of fact, its because there are a bunch of well-to-do people that call this New England state home. Riverside residents are well educated with 73% of residents have obtained a bachelors degree or higher. 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. Darien residents live a good work-life balance with an average commute time of 39 minutes. The median sales price of homes in Weston is $1,225,000 with 96% of homes owner-occupied and only 4% of homes being rentals. 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. 91.82% of the Population is white, with 87.8% white students in the public school system. Well, HomeSnacks crunched the numbers and discovered that Stamford is the most expensive place to live in Connecticut. Feel free to check out some more reading about Connecticut: Population: 40,944Rank Last Year: 1 (No Change)Median Income: $103,647Unemployment Rate: 5.0%Poverty Rate: 6.0%More on Shelton: Real Estate|Photos, Population: 50,694Rank Last Year: 2 (No Change)Median Income: $97,951Unemployment Rate: 5.6%Poverty Rate: 4.1%More on Milford: Real Estate|Photos, Population: 134,820Rank Last Year: 3 (No Change)Median Income: $99,791Unemployment Rate: 5.5%Poverty Rate: 9.4%More on Stamford: Real Estate|Photos, Population: 31,586Rank Last Year: 4 (No Change)Median Income: $86,900Unemployment Rate: 6.1%Poverty Rate: 4.9%More on Naugatuck: Real Estate|Photos, Population: 60,733Rank Last Year: 5 (No Change)Median Income: $73,604Unemployment Rate: 5.9%Poverty Rate: 8.9%More on Bristol: Real Estate|Photos, Population: 86,197Rank Last Year: 7 (Up 1)Median Income: $74,600Unemployment Rate: 6.0%Poverty Rate: 10.6%More on Danbury: Real Estate|Photos, Population: 90,821Rank Last Year: 6 (Down 1)Median Income: $91,434Unemployment Rate: 6.6%Poverty Rate: 9.7%More on Norwalk: Real Estate|Photos, Population: 47,164Rank Last Year: 8 (No Change)Median Income: $67,485Unemployment Rate: 5.6%Poverty Rate: 11.2%More on Middletown: Real Estate|Photos, Population: 40,020Rank Last Year: 9 (No Change)Median Income: $59,791Unemployment Rate: 6.1%Poverty Rate: 10.6%More on Norwich: Real Estate|Photos, Population: 55,518Rank Last Year: 12 (Up 2)Median Income: $66,868Unemployment Rate: 8.7%Poverty Rate: 11.8%More on West Haven: Real Estate|Photos. Its quiet, with a population density of just over 2,000 people per square mile about half that of New York City. It is one of the richest towns in Connecticut, boasting a median sales price of $1,835,000. Its safe, with a low crime rate. Learn more about the Homesnacks methods that were used to collect the data and how the statistics were calculated.