richest towns in connecticut

Theres usually something going on for recreation and entertainment in the town and surrounding areas. The Population for 2020 was 1,797, but it has grown to 1,839 for 2022. It is a Fairfield County city home to many wealthy residents who enjoy private country clubs, yacht clubs, and pristine beaches. 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! 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. Southports location near New York City also makes it attractive for commuters working there. Its the basis on which we chose the 20 richest towns in Connecticut, and the results might surprise you. 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. The average home price in Southport is $600,000. Old Greenwich residents live a good work-life balance with an average commute time of 38 minutes. New Canaan is one of the wealthiest towns in Connecticut with a median sales price of $1,155,000. The community is known for being tight-knit with safe streets, low unemployment rates, and top-notch schools. 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. 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. Old Greenwich is home to some of the wealthiest Connecticut residents. The average adjusted gross income is $222,660. As a sign of just how rich this coastal Connecticut city is, the median income is a massive $321,377. HomeSnacks is reader-supported. Weston residents live a good work-life balance with an average commute time of 42 minutes. On top of all these benefits, Westport is also an attractive place for people who want to start businesses because they can get affordable office space and high-quality amenities like restaurants and nightlife. Westport is one of the wealthiest towns in Connecticut. Its one of the areas wealthiest communities, with the median annual household income at over $215k. Whenever any publication compiles a list of Americas richest cities, theres one name you can always count on seeing Old Greenwich. There is a good reason that Norwalk was listed as one of the. Avon, CT Annual household income: $187,080, 10. 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. Connecticut&rsquor;s per capita income was $44,496 in 2019, according to estimates. With a median household income just shy of a quarter-million a year, Darian is an exclusive place to live. Riverside residents are well educated with 73% of residents have obtained a bachelors degree or higher. The oldest towns in Connecticut are perfect places to visit for those who love learning about history. 6. Newtown Borough is being credited as the richest town in the state of Connecticut. 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. Jobs are plentiful in the area, with the working Population gainfully employed except for just 3.5%. Its also home to some of the most expensive homes in the state. According to the report, the four towns are Darien, Old Greenwich, Riverside, and . Here are the 10 richest places in Connecticut for 2023: Shelton Milford Stamford Naugatuck Bristol Danbury Norwalk Middletown Norwich West Haven With fancy city names like Windsor and Danbury, Connecticut seems to ooze wealth around every corner. As the name implies, Southport is a port city that is situated on the coast. The town has over 120 acres of open space and over 1,000 acres of parkland. Its also one of the wealthiest towns in Connecticut, with a median annual income per family of $180,057. As to which are the very wealthiest, find out now as we count down the 10 richest cities in Connecticut. 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. If you want to live in one of Connecticuts richest places, youre going to need to make upwards of $59,791/year. 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. However, we dont believe that one statistic wholly encompasses what it means to be one of the richest places. 45.7% of the children in public schools are eligible for free or reduced lunch programs. Related: The 10 Wealthiest Cities In Missouri. 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. Shelton places in the number two spot with a median income of $87,277. The unemployment rate is 8.6% and the poverty rate is 10% in this city. Weston is one of the most affluent towns in Connecticut with winding country roads and highly regarded schools. As of the 2020 census, the population was 1,710. The town is home to many Fortune 500 companies such as General Electric and Terex Corporation. Middletown, a riverside city south of Hartford, takes the 6th place spot with a median income of $63,828. 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. Let's go! the average home value is $1,471,700. Groton rounds out the list of richest cities in the number ten spot. However, the average house prices range from $1,5 million to $3 million. Westport is one of the richest towns in Connecticut with a median household income of $222,375. It is located about 29 miles northeast of New York City, offering residents an easy commute to the city. 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 unemployment rate is just 3.1%, with an average commute of 33 minutes. Head to, Natalie is a writer and travel enthusiast who loves uncovering new places along the East Coast. Woodbridge is another Connecticut hamlet passed over by statisticians pointing out the most affluent cities in Connecticut. Another one of the richest towns in Connecticut is Weston. The Upper Middle-Class neighborhood has an unemployment rate of 2.8% in its 06073 zip code compared to the Harford County rate of 6% and the state rate of 4.01%. Westport residents live a good work-life balance with an average commute time of 44 minutes. New Canaan is situated right next to Darien and is also one of the richest towns in Connecticut. What are the most charming small towns in Connecticut? We suspect that the recent pandemic took a toll on residents who lost their jobs, with some forced to relocate for more affordable housing. Darien residents are well educated with 83% of residents having obtained a bachelors degree or higher. Were just going to leave this right here. Living in New Canaan is like being surrounded by family. 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. Wilton is undoubtedly a wealthy community and one of the top ten richest in the state of Connecticut for 2022. The next town on this list is Wilton. Well, according to the latest Census data, the richest place in The Nutmeg State is Shelton. The current Population is 2,601, with an annual growth rate of 0.35%. The average home price in Old Greenwich is $1.8 million. 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. 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. Well, HomeSnacks crunched the numbers and discovered that Stamford is the most expensive place to live in Connecticut. As a sign of just how rich this coastal Connecticut city is, the median income is a massive $321,377. 96% of the residents are homeowners with a median home value of $868,200. The 2010 Census revealed a growth from 6.751 residents to 7,150, showing that the town is gaining its population base. 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. 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. Its a medium-sized town that has grown to become one of the most desirable places to live in Connecticut. Not all of the countries have a great reputation, Read More The 20 Best Places to Live in Latin AmericaContinue, There are quite a few reasons why people choose to live in areas that have low humidity. However, depending on the neighborhood, you can also find more affordable housing. 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! Living there isnt cheap, though. 2015-2023 Chasing Chains, LLC. Southport has a long history as a summer resort and residential community. Ridgefield is one of the wealthiest towns in Connecticut with a median household income of 133,647. The downtown area is quaint and charming with plenty of restaurants, shops, and entertainment options. 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. The average commute time from home to work is 23.6 minutes, suggesting ample employment opportunities in South Glastonbury. COS COB, CT Annual household income: $136,261, 17. A wealthy enclave on Connecticut's Gold Coast, Greenwich is consistently ranked as one of the richest cities in America. The town center village is listed as a historic district on the National Register of Historic Places. We aim to deliver bite-sized pieces of infotainment about where you live. 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. Fairfield County is very close to New York City. Editors Note: Data has been updated for 2023. The town is full of greenery and offers residents a tranquil vibe. Inflation-adjusted household income is one of the factors. Despite its high per capita income, Connecticut is mainly a middle-class state. As at 2019, Connecticut had a per capita income of $44,496. 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. Westport Profile Page with Infographics. In the last year, its got even wealthier thanks to the influx of wealthy Wall Street types that have abandoned Covid stricken New York for the attractions of this exclusive enclave according to Business Insider, over 1300 of them have made the move since the pandemic started. 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. Easton, CT Annual household income: $166,875, 13. Her works have been featured on Good Housekeeping,Next Luxury,Wanderlog,NurseJournal,NewsBreak,ThaiWare,and Yahoo. Ridgefield offers something for everyone from great schools to recreation for the whole family. She finds almost all topics she writes about interesting, but her favorite subjects are travel and food. The average home value is $650,400. Darian will be the second wealthiest city in Connecticut in 2022. 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. Counties [ edit] Located on Long Island Sound, Southport is a charming seaside community with a vibrant downtown area and beautiful beaches. Greenwich had a median household income of $180,484 in 2021 and is known as one of the richest cities in America. 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. Its also home to the states only national historic site, Weir Farm. The city has magnificent homes with long driveways accessible through winding country roads and beautiful landscapes. Fairfield County's Norwalk, CT is the third richest city in the Nutmeg State. If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already. The unemployment rate is 3%, which beats the state average by 4.1%. Its a small, affluent community where the average commute time for workers is 35.5 minutes, and test performance scores for public school students are excellent. Save my name, email, and website in this browser for the next time I comment. Married families in Ridgefield average an annual household income of 182,679, but the average is over $206k. Old Greenwich Profile Page with Infographics. With a population of 63,518, Greenwich is an upscale community with a median household income of $180,44. We love the detailed statistics that give us a clear snapshot of the socioeconomic dynamics of the city. The town has a thriving arts community and many of its residents are involved in local government or volunteer activities. Norwalk, CT, USA 4. It has an active social scene and boasts an impressive collection of restaurants, shops, and entertainment venues. 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. 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. However, it is true that overall, the Nutmeg State is richer than most. >> Click through to see how each CT spot ranked as well as each household income average. There are plenty of shopping and fine dining venues in Riverside. Ridgefield, CT Annual household income: $206,560, 6. Unfortunately, however, there can be only one Connecticut place that's worthy of the HomeSnacks crown. Avons diversity rate is better than most of its neighboring communities. Suburbs 101 confirms that Riverside is a wealthy suburb of the Town of Greenwich. Southport isnt the kind of city where keeping up with the neighbors comes cheaply. Youll find a community of 1,300 Wall Street execs and affiliates living in Old Greenwich, Connecticut. On the plus side, the median income of $190,227 is equally jaw-dropping. Let us take a look at some of the richest towns in Connecticut that make up the per capita income. Until the federal government takes its regulatory role seriously and uses the big stick that it has, corporations will attempt to self-regulate M&T urged to end 'banking desert' in Bridgeport neighborhoods, 'Candlewood' horror movie drops trailer inspired by local urban legends, Four Fairfield businesses fail February health inspections, Warrant: Ex-New Fairfield 'lunch lady' sent nude images to student on Snapchat for months before sex assault, Police make up 19 of Trumbull's top 20 highest paid employees, Former CT girls soccer coach pleads guilty to sexually assaulting player, Bridgeport man broke into Norwalk homes while families slept inside, warrants said, The Best Private High Schools Near Stamford, The Best Private Preschools Near New Haven, Guide to Legal Cannabis Dispensaries in CT, Why CT waits for $95 million from OxyContin maker Purdue Pharma, HUSKY Health is helping immigrants. The unemployment rate is lower than the state rate of 4.1% and the national rate of 3.9%. Unfortunately, however, there can be only one Connecticut place thats worthy of the HomeSnacks crown. Old Greenwich enjoys a low crime rate and excellent public schools. 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 schools are excellent and the town is beautiful, with tree-lined streets and old-fashioned townhouses. Fairfield County towns have made yet another list of the richest places in the U.S. In fairness, the high prices arent unjustified. In 2018, the average household income in its Old Greenwich. The state is home to 91 of the US 100 most affluent zip codes. It's also home to the state's only national historic site, Weir Farm. $55,137 is the median income in this city while the unemployment and poverty rates are 7.5% and 13.4% respectively. West Simsbury, CT Annual household income: $109,590, 19. Its median income is $58,717. 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. South Glastonburys Census results show a total of 2038 households in the town. Some work at private companies and governmental institutions. Despite its small size, it is home to 18,932 people. When you click through real estate links on our site, we earn an affiliate commission. Fairfield is one of the richest towns and among the best places to live in Connecticut. It's also very well educated, with over half of its residents having a college degree. Only 16 states were represented in the top 100. The Community Trail runs along the Long Island Sound and is a great place to walk or ride your bike. Ned Lamont and General Assembly leaders to to focus on offsetting a potential property tax Armageddon. The fourth wealthiest town in Connecticut is Old Greenwich. With 733 . Here are the wealthiest towns in Connecticut. Above is a fundraiser at the famous Glass House in New Canaan. On this Wikipedia the language links are at the top of the page across from the article title. Some haulers caught, Arming guidance counselors? Related: The 10 Wealthiest Cities In New York. 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. Keep reading. Riverside is home to some of the most affluent residents of Connecticut with a median household income of $215,791. What makes some cities more prosperous than others? 87% of the residents own their homes, and just 13% rent. Heck, the competition for the top ten richest places in The Constitution State was quite fierce, so to narrow down our list we decided to look at the 21 Connecticut cities with at least 9,000 residents. 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. 9. Essex is situated near the Connecticut river, a few miles north of some of the states best beach towns. 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. West Simsbury has 151,104 residents as of 2022. 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. The median sales price is residential sales data for 12 month period ending January 2023. You can find out more about him on LinkedIn or his website. Besides these, Colorado has ongoing employment opportunities in aviation,, Read More The 10 Cheapest Places to Live in ColoradoContinue. With a median income of $59,522, Naugatuck took ninth place. The average price of a home is $611,500, nearly three times the national average. The crime rate in this town is also very low with only 5% of residents reporting that they had been victims of crime during the last year. According to homes.com, Ridgefield is one of the most expensive places in Connecticut to buy a home. Point 2 Point Homes advises that the small community of 8,779 people has an average household income of more than $200k per year. All rights reserved. Map of 25 Wealthiest Zipcodes in Connecticut Based on Average Adjusted Gross Income. The town has a high concentration of people from New York City who commute to work here by train or car. Stamford, CT Annual household income: $152,102, 11. A Bloomberg report is out on the 100 richest towns in America, and four towns in Connecticut made the list. A Bloomberg report is out on the 100 richest towns in America, and four towns in Connecticut made the list. Wilton is also known as the village because of its quaint feel with many historic homes and buildings. 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. Its got a population of just over 20,249 (2020) people, but it feels much smaller than that. The average home value is $466,000, making it one of the more affordable rich neighborhoods to buy a house. Most of the properties in Riverside are primarily owner-occupied (80%) with only 20% rentals. The bright side? It is a very safe town surrounded by greenery. The largest city in Litchfield County, Torrington, grabs the number eight spot. Wilton has impressive parks and rec programs to provide residents with many green areas to enjoy public events or family picnics. Matter of fact, its because there are a bunch of well-to-do people that call this New England state home. There's no law saying you have to be rich to live in Fairfield, but it does help, especially if you want to buy a property at some point. Its harbor and beaches are popular among boaters, who are drawn by the calm waters of Long Island Sound and easy access to New York City via ferry or bridge. Westport is one of the richest towns in Connecticut with a median household income of $222,375.