What makes some cities more prosperous than others? It has a great location, close to major highways and a short drive from New York City. Its quiet, with a population density of just over 2,000 people per square mile about half that of New York City. The unemployment and poverty rates are 7.9% and 8.5% respectively. DiscoverNet | The 10 Richest Cities in Connecticut Get more stories delivered right to your email. Old Greenwich is one of the richest Neighborhoods in Connecticut with a median household income of $238,750. The town is home to many Fortune 500 companies such as General Electric and Terex Corporation. The result? Dariens median home value is $1,654,00. School test performance scores are above average, and 9.2% of students are eligible for free or reduced lunches at school. Shelton places in the number two spot with a median income of $87,277. The oldest towns in Connecticut are perfect places to visit for those who love learning about history. The Population is 8,843 in this close-knit community. Married families in Ridgefield average an annual household income of 182,679, but the average is over $206k. 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. Old Greenwich residents are well educated with 80% of residents have obtained a bachelors degree or higher. There are lots of affluent communities in the Nutmeg State, and some of them are unassuming. Essex Village, CT Annual household income: $172,302, 12. Weston residents live a good work-life balance with an average commute time of 42 minutes. Ridgefield is also home to several conservation areas and preserves that provide a haven for wildlife such as deer, foxes, wild turkeys, and hawks. Most residents have at least a bachelors degree or higher and drive an average of 42 minutes to get to work. Its one of the areas wealthiest communities, with the median annual household income at over $215k. Woodbridge is another wealthy Connecticut town. Westport is one of the wealthiest towns in Connecticut. Its also a better choice, Read More The 20 Best Places to Live with Low Humidity in the U.S.Continue. Theyre well educated, and many residents commute to the city for their jobs with an average travel time of 38 minutes. Its a medium-sized town that has grown to become one of the most desirable places to live in Connecticut. The 2010 Census revealed a growth from 6.751 residents to 7,150, showing that the town is gaining its population base. If the idea of paying $2,724 in rent each month makes you feel the same, definitely scratch it from your list. Being a coastal city, citizens have plenty of opportunities to spend their free time. Stacker.com compiled a list of the richest towns in all 50 U.S. states, which lists Newtown Borough as having a median household income of $140,625 (104.7% more than the U.S. median income). Despite its high per capita income, Connecticut is mainly a middle-class state. 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. Read on to discover the 14 richest towns in Connecticut in 2022. Westport is a very desirable place to live as it ranks highly for safety. (Infographic), What are the Highest Paying Jobs in Connecticut? 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. Ridgefield offers something for everyone from great schools to recreation for the whole family. Youll find a community of 1,300 Wall Street execs and affiliates living in Old Greenwich, Connecticut. CT proposal causes confusion, concern. The unemployment rate is 3%, which beats the state average by 4.1%. The state is home to 91 of the US 100 most affluent zip codes. This Is The Wealthiest Town In Connecticut 4 CT towns make list of 100 richest towns in America $55,137 is the median income in this city while the unemployment and poverty rates are 7.5% and 13.4% respectively. Its a desirable place to live if you can afford the costs. This is a carousel. Stamford, CT Annual household income: $152,102, 11. Easton is a great place to raise a family because it has a good school system. New Canaan is expensive, even by Connecticut standards: The median home value is $1.9M, compared to $350,897 for the state overall. They found this lovely old city during the Covid-19 pandemic and relocated for a safer and serene place to live. Connecticut is one of the wealthiest states in the US. Top 10 Richest Cities in Connecticut 2023 - namecensus.com 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. 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. If you dream of the quiet life, its ideal. Stamford is situated only 30 miles north of NYC, so it offers residents unparalleled access to the city. Greenwich is another of the wealthiest towns in Connecticut. 83% of the residents have a bachelors degree or higher, and the unemployment rate is low. Darien is a small town on Connecticut's gold coast that is home to approximately 6,759 people. Its also known for its rich history and is listed on the National Register of Historic Places as Woodbridge Green Historic District. The 10 Best Places To Live In Connecticut For 2022 - HomeSnacks The median home value is steep at $1,382,800 for 2022. We aim to deliver bite-sized pieces of infotainment about where you live. Other areas of wealth in the state include suburbs surrounding New Haven and Hartford, as well as pockets of Litchfield County . Haub, who took over the company after the death of his brother, Karl-Erivan, is now worth an estimated $2.9 billion. This Is The Richest Town In Connecticut | iHeart The median household income at Cos Cob is $138,125. The median income in Bristol is $61,551 while the unemployment rate is 7.8% and the poverty rate is 10.3%. The fourth wealthiest town in Connecticut is Old Greenwich. In a city with a population of 52,005, the median income came in at $81,971. Darien residents live a good work-life balance with an average commute time of 39 minutes. Old Greenwich residents live a good work-life balance with an average commute time of 38 minutes. Wealthiest Towns in CT Final - Suburbs 101. It has a population of 27,141. A comprehensive list of Connecticuts top 10 richest cities, ranked according to median income and other key indicators of wealth. Groton rounds out the list of richest cities in the number ten spot. Isn't it grand to see Granby here in the top ten safest places in Connecticut. 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. Well, according to the latest Census data, the richest place in The Nutmeg State is Shelton. Connecticut towns make Bloomberg list of richest places South Glastonburys Census results show a total of 2038 households in the town. We suspect that the recent pandemic took a toll on residents who lost their jobs, with some forced to relocate for more affordable housing. According to the report, the four towns are Darien, Old Greenwich, Riverside, and . Shelton. 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Old Greenwich is home to some of the wealthiest Connecticut residents. As a sign of just how rich this coastal Connecticut city is, the median income is a massive $321,377. It has an average household income of $204,792, and the home prices range between $600,000-$800,000. Darien residents are well educated with 83% of residents having obtained a bachelors degree or higher. Wealthiest Towns in CT Final - Suburbs 101 The average home price in Ridgefield is $600,000, and it grants many benefits to its inhabitants: reduced crime rate, good schools, and an overall relaxed way of life. 6. 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. 89.3% of the homes are occupied by their owners, with 10.7% as rentals. 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. Greenwich had a median household income of $180,484 in 2021 and is known as one of the richest cities in America. 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. Download The Entire Connecticut Ranking Data. It is a charming seaside neighborhood that is in the Town of Greenwich with waterfront homes and private beaches. Suburbs 101is an insiders guide to suburban living. Westport is one of the wealthiest towns in Connecticut. Weston Profile Page with Infographics. Riverside has a population of 8,843. And that makes living in the state expensive. There are also several golf courses in town that draw a lot of people from around the world. According to the most recent data, the number of people living in Ridgefield has decreased by 0.7% since 2020. 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. Although the town is small, youll find plenty of recreational venues, cafes, restaurants, and shops. Dana has extensive professional writing experience including technical and report writing, informational articles, persuasive articles, contrast and comparison, grant applications, and advertisement. Fairfield County is very close to New York City. 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. The median sales price is residential sales data for 12 month period ending January 2023. The median household income in New Canaan is $214,977. Old Greenwich Annual household income: $222,794, 2. 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. 18 Top-Rated Small Towns in Connecticut | PlanetWare Only 4% of the homes in the community are available for rent. Home to some of the most affluent residents of Connecticut, Weston has a median household income of $222,535. The remaining six wealthy Connecticut communities, all in Greenwich, in order are. 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. Fairfield. 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.. [1] All data is from the 2010 United States Census and the 2011-2015 American Community Survey 5-Year Estimates.[2][3]. Some haulers caught, Arming guidance counselors? The streets are safe, and the schools are highly rated. 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! If you choose to rent an apartment, expect to pay an average of $1,866 monthly. Darian, CT Annual household income: $232,523, 1. The average household income umped over $20k, but the cost of housing has also risen in this desirable community. All of these towns are located not too far east of Greenwich . The average household income in Woodbridge is $96,919, and the median home price is $595,000. Redding is one of the wealthiest towns in CT. Its a small upscale community with a population of 8,765. In terms of per capita income, Connecticut is the richest state in the United States of America. 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. Learn how your comment data is processed. It is an affluent community that has a population of 20,622 individuals, and the majority of its residents, 80.1%, have completed at least a bachelors degree. Ranks #10 in Cheapest Places To Live In Connecticut Map Of Milford, CT Best Places Around Milford 1 Mount Sinai, NY Population 10,446 2 Sound Beach, NY Population 7,080 3 Port Jefferson, NY Population 8,016 4 Orange, CT Population 13,928 5 North Haven, CT Population 23,665 6 Shelton, CT Population 41,162 7 East Haven, CT Population 28,645 8 Fairfield County town is one of the most desirable places to live if you have the financial means. 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. The most affluent settled in the area to enjoy its beautiful beaches and other luxury amenities. Only 16 states were represented in the top 100. There are also several public parks located throughout Fairfield that offer great recreational opportunities such as tennis courts, baseball fields, basketball courts, and playgrounds for kids! Test performance scores in public schools are ranked as excellent. The 20 most affluent places, based on places with available data, all had household incomes above $485,000. If youre thinking about moving to Austin and youre single without a family or spouse, you might find some neighborhoods, Read More The 10 Best Places to Live in Austin for SinglesContinue. Westport Profile Page with Infographics. Easton, CT Annual household income: $166,875, 13. Let's go! Riverside Profile Page with Infographics. Its the place where many believe this country originated, being home to the historic city of Plymouth. The small community has a population of 7,586 residents. The towns population is under 21,742 people, yet it is home to at least seven country clubs and three golf courses. Theres a reason this state is one of the richest in the country. It is one of the richest towns in Connecticut, boasting a median sales price of $1,835,000. Darian is one of the richest towns in Connecticut with a median household income of nearly $243,750. the average home value is $1,471,700. The median home value in Easton is over $772,758 making it one of the most expensive places to live in Connecticut. 20% of the residents pay rent, with 80% owning their homes. The average commute time from home to work is 35.7 minutes. Its also home to the states only national historic site, Weir Farm. The unemployment and poverty rates are 7.9% and 8.5% respectively. Its among the top ten. Want to learn more about Old Greenwich? While the income number is higher than that of Milford, the higher unemployment rate of 7.9% gives this city a solid second place. 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. 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. If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already. 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. Most of the townspeople hold bachelors degrees or higher. The Census ranks individual city wealth by a formula that averages the household incomes, including the adjusted gross income and the average household income. Weston is in Fairfield County. 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. The 20 Most Affordable Places to Live in Connecticut - Money Inc The largest city in Litchfield County, Torrington, grabs the number eight spot. There is a good reason that Norwalk was listed as one of the best places to live in America. 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. Many of these towns are wonderful places to live due to their incredible verdant spaces and proximity to the city and ocean. Its safe, with a low crime rate. As at 2019, Connecticut had a per capita income of $44,496. 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. If you plan to buy a home in the city, the median home value is $330,100. Darien is a small town on Connecticuts gold coast that is home to approximately 6,759 people. 1. Connecticut's neighboring towns of Greenwich and Darien have a combined population of around . . 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. All Rights Reserved. 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. Here are the wealthiest towns in Connecticut. By Joselynn Chua / February 27, 2023. 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. The 20 Richest Towns in Connecticut in 2022; Liz Flynn. Most websites that report demographics for Connecticut list Darian, as the richest city in the state, but World Population confirms that Southport jumped into the number one spot with an incredible average household income of $310,831. Its a great place to raise kids, with top-rated schools and safe streets. Source: US Internal Revenue Service - 2018. It is a picture-perfect neighborhood in the Town of Greenwich with beaches, highly rated schools, and an easy train ride to NYC. With a median income of $59,522, Naugatuck took ninth place. Located on Long Island Sound, Southport is a charming seaside community with a vibrant downtown area and beautiful beaches. However, the average house prices range from $1,5 million to $3 million. (and lowest paying jobs). HomeSnacks is reader-supported. With 733 . The median income is $80,896. Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. Its also very well educated, with over half of its residents having a college degree. It is a Fairfield County city home to many wealthy residents who enjoy private country clubs, yacht clubs, and pristine beaches. Learn more about the Homesnacks methods that were used to collect the data and how the statistics were calculated. Also in Fairfield County, the waterfront city of Stamford is ranked 4th on the list. Its the basis on which we chose the 20 richest towns in Connecticut, and the results might surprise you. All rights reserved. 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. Related: The 10 Wealthiest Cities In New York. The median home value in Greenwich is over $1.5 million, and many residents work in finance and banking in NYC. The city is within a short distance of New York City, which offers residents all the amenities of the big city without the need to live there. Its in Hartford County. Home prices in town are also high, ranging from $500,000 to $4,000,000. 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. 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. Almost 6,300 communities met the criteria, which includes approximately 75% of total households in the U.S.". 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. The unemployment and poverty rates are 6.3% and 11.4% respectively. The average price of a home is $611,500, nearly three times the national average. Related: The 10 Wealthiest Cities In Missouri. The village also includes a historic mill complex and dam. Redding has a median home sales price of $1,030,000 and a median household income of $138,125. A Bloomberg report is out on the 100 richest towns in America, and four towns in Connecticut made the list. 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. The town has the highest percentage of residents who are wealthy, at about 30 percent.
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richest towns in connecticut