richest towns in connecticut

Greenwich had a median household income of $180,484 in 2021 and is known as one of the richest cities in America. 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.. Being a coastal city, citizens have plenty of opportunities to spend their free time. 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. Living there isnt cheap, though. With a median household income of $1,471,700, this is no place for people on a shoestring budget. West Simsbury, CT Annual household income: $109,590, 19. The median household income in Riverside is $250,000, and most homes sell for over $2.5 million. There are many things that families love about living in Wilton including its great school system, safe neighborhoods, and access to shopping centers. Darian, CT Annual household income: $232,523, 1. Most of the townspeople hold bachelors degrees or higher. The average value of a home is just under $800,000, which is on par with the average household income. Its also one of the wealthiest towns in Connecticut, with a median annual income per family of $180,057. The information presented in this article are based on data from theUS Census American Community SurveyandRedfin. All of these towns are located not too far east of Greenwich . if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[336,280],'homesnacks_com-medrectangle-3','ezslot_2',143,'0','0'])};__ez_fad_position('div-gpt-ad-homesnacks_com-medrectangle-3-0');So, what is the richest place in Connecticut? The median household income in New Canaan is $214,977. In todays world of language everything has an acronym dreamed up by some marketing or English major who feels the need to make everything, Read More Tips on How to Use a HELOC To Buy Real EstateContinue, Tucked in between North America and South America, the 20 countries that make up Latin America cover an enormous range of landscapes, climates, cultures, and traditions. This site uses Akismet to reduce spam. It is located about 29 miles northeast of New York City, offering residents an easy commute to the city. Jobs are plentiful in the area, with the working Population gainfully employed except for just 3.5%. Its come a long way in the past 10 years since the last Census. 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. Like we said earlier, when we set out to identify the richest places in Connecticut, we werent sure what wed encounter, but it ended up being some of the best places to live in Connecticut. The schools are excellent and the town is beautiful, with tree-lined streets and old-fashioned townhouses. The unemployment rate in this city is 10% and the poverty rate is 9.6%. 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. 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. Want to learn more about Westport? People love to enjoy life and share it with family, friends, and neighbors. Stamford is situated only 30 miles north of NYC, so it offers residents unparalleled access to the city. Renters pay an average of $1,361 per month. Westport residents are well educated with 78% of residents having obtained a bachelors degree or higher. Both coasts have some, Read More The 10 Best Places to Live on the West Coast of FloridaContinue, Massachusetts is one of the most remarkable states in America. Its safe, with a low crime rate. 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. Only 15% of the residents rent because most people there are homeowners. 25 Wealthiest Towns in the New York Suburbs, What are the Highest Paying Jobs in New York? Read on to discover the 14 richest towns in Connecticut in 2022. CT proposal causes confusion, concern. And if you have some time on your hands, take a look at how the other 99% live in Connecticuts poorest places. The benefits of living in this city are numerous, such as good schools, safe neighborhoods, and overall great lifestyle quality. With a median household income of $1,471,700, this is no place for people on a shoestring budget. The median home value in Greenwich is over $1.5 million, and many residents work in finance and banking in NYC. The beautiful neighborhood is small, just 6,962, after the influx of rich business professionals. Westport is one of the richest towns in Connecticut with a median household income of $222,375. We begin our exploration of the best places to live in Connecticut for 2022 with Shelton, a city of 41,162 located between Bridgeport and New Haven. Also in Fairfield County, the waterfront city of Stamford is ranked 4th on the list. The small community has a population of 7,586 residents. Ned Lamont and General Assembly leaders to to focus on offsetting a potential property tax Armageddon. Its a peaceful town thats a great place for people who want to get away from hectic city life and enjoy nature. So, want to know where its just as difficult to Keep up with the Connecticuters as it is The Kardashians? If you plan to buy a home in the city, the median home value is $330,100. In addition to having a high income, Wilton residents also have a very low poverty rate at just 2.4%. The streets are safe, and the schools are highly rated. The average price of a home is $611,500, nearly three times the national average. The average commute time for workers is 26.5 minutes, suggesting plenty of local jobs in the citys economy. There are many things to do including going to the beach and shopping at the local malls. Shelton. Middletown, a riverside city south of Hartford, takes the 6th place spot with a median income of $63,828. In Old Greenwich, homes are primarily owner-occupied (84%) and only 16% of homes in Old Greenwich are rentals. A wealthy enclave on Connecticut's Gold Coast, Greenwich is consistently ranked as one of the richest cities in America. It's also one of the most expensive places to live in the country, with a median home price of over $1.5 million. On the plus side, the median income of $190,227 is equally jaw-dropping. West Hartford, CT Annual household income: $142,197, 14. The most affluent settled in the area to enjoy its beautiful beaches and other luxury amenities. Want to learn more about Darien? Its a socioeconomically Upper Middle-Class city with a median household income of $136,261. Its also one of the most expensive places to live in the country, with a median home price of over $1.5 million. The average home value is $1,561,200, with 84% of the residents owning their own homes. 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. In fairness, the high prices arent unjustified. 1. Its quiet, with a population density of just over 2,000 people per square mile about half that of New York City. COS COB is a Fairfield county city that extends to the border of the Stamford city limits. 83% of the residents have a bachelors degree or higher, and the unemployment rate is low. It is a very safe town surrounded by greenery. Inflation-adjusted household income is one of the factors. Home to over 136,309 people, Stamford is the richest city in Connecticut. The average home value is $1,150,400. Wilton is undoubtedly a wealthy community and one of the top ten richest in the state of Connecticut for 2022. 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. Ridgefield offers something for everyone from great schools to recreation for the whole family. Weston, CT Annual household income: 222,535, 3. 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. Although the town is small, youll find plenty of recreational venues, cafes, restaurants, and shops. Westport is in the top five most affluent cities in Connecticut for 2022. The unemployment rate is just 3.1%, with an average commute of 33 minutes. The median household income is $99,791, and the average home price is $672,000. Wilton has impressive parks and rec programs to provide residents with many green areas to enjoy public events or family picnics. 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. Avon, CT Annual household income: $187,080, 10. All Rights Reserved. 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. The unemployment rate is 3%, which beats the state average by 4.1%. 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). 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. 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. This time the list is from Bloomberg. The town is full of greenery and offers residents a tranquil vibe. The upscale community attracts residents who commute to New York City because its easy train ride to Manhattan. She finds almost all topics she writes about interesting, but her favorite subjects are travel and food. When Does a Seller Get Their Money After Closing on a House? The average household income in Woodbridge is $96,919, and the median home price is $595,000. The first thing that comes to most peoples minds when they think about determining the richest places is to simply identify personal incomes. [1] All data is from the 2010 United States Census and the 2011-2015 American Community Survey 5-Year Estimates.[2][3]. A Bloomberg report is out on the 100 richest towns in America, and four towns in Connecticut made the list. The second wealthiest town in Connecticut is Riverside. The average commute time from home to work is 35.7 minutes. Home to some of the most affluent residents of Connecticut, Darien has a median household income of $232,523. Westport is a popular place for New Yorkers to visit on weekends because of its close proximity to Manhattan. 45.7% of the children in public schools are eligible for free or reduced lunch programs. Point 2 Point Homes picked up on the city of Avon, whereas many other demographics lists didnt give them a second look. Woodbridge is another Connecticut hamlet passed over by statisticians pointing out the most affluent cities in Connecticut. The high demand is getting harder to find places for sale. There are also many beautiful parks and green spaces throughout town. Known for its luxury waterfront homes, Old Greenwich has a median sales price of $2,063,000. The city has grown over the past decade, increasing from 8,223 residents to 9,110. 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 homes in Darien are primarily owner-occupied (87%) with only 13% rentals. 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. The town has over 120 acres of open space and over 1,000 acres of parkland. 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. What are the richest towns in Connecticut? In 2018, the average household income in its Old Greenwich. Its the basis on which we chose the 20 richest towns in Connecticut, and the results might surprise you. The unemployment rate tries to capture the prospects for more people to become rich. Point 2 Point Homes advises that the small community of 8,779 people has an average household income of more than $200k per year. From Hedge Fund Executives to High Profile Athletes, these wealthy Americans call Connecticut their home. The demographics data shows that 88.37% of the residents are white, with 83.9% of the public schools showing a student population that is 83.9% white with excellent test performance scores. School test performance scores are above average, and 9.2% of students are eligible for free or reduced lunches at school. However, test score performance in the public school system gets a poor ranking. New Canaan is situated right next to Darien and is also one of the richest towns in Connecticut. This site uses Akismet to reduce spam. Some haulers caught, Arming guidance counselors? Southport has a long history as a summer resort and residential community. Old Greenwich Profile Page with Infographics. Liz Flynn has worked as a full-time writer since 2010 after leaving a career in education. Its the place where many believe this country originated, being home to the historic city of Plymouth. With fancy city names like Windsor and Danbury, Connecticut seems to ooze wealth around every corner. It has an active social scene and boasts an impressive collection of restaurants, shops, and entertainment venues. We use data, analytics, and a sense of humor to determine quality of life for places across the nation. It is one of the richest towns in Connecticut, boasting a median sales price of $1,835,000. But its worth it because Connecticut has some of the best opportunities for employment with the states overall unemployment rate holding steady with the national rate. The Population for 2020 was 1,797, but it has grown to 1,839 for 2022. The median income is $80,896. 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! Rich people not your cup of tea? If you can swallow up those property prices, theres a good chance youll be rewarded with an income in the region of $222,535. Well, according to the latest Census data, the richest place in The Nutmeg State is Shelton. Dariens median home value is $1,654,00. If you choose to rent an apartment, expect to pay an average of $1,866 monthly. Gov. 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. Most of Connecticut's wealth is concentrated in Fairfield County, which contains many affluent suburbs in Connecticut. 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. The village also includes a historic mill complex and dam. Theres usually something going on for recreation and entertainment in the town and surrounding areas. 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 Darian will be the second wealthiest city in Connecticut in 2022. Want to know where Connecticuts 17 billionaires and 122,000 millionaires live? However, it is true that overall, the Nutmeg State is richer than most. 6. Its also home to some of the most expensive homes in the state. Weston is in Fairfield County. The median home value in Easton is over $772,758 making it one of the most expensive places to live in Connecticut. Southport is an affluent town in Connecticut. Fairfield County town is one of the most desirable places to live if you have the financial means. The homes in Westport are primarily owner-occupied (85%) and only 15% rentals. Wilton is also known as the village because of its quaint feel with many historic homes and buildings. The median home value is $766,900, making it more affordable than some other affluent communities. Easton, CT Annual household income: $166,875, 13. Four Connecticut towns made the top 50 list (well, three depending on how you look at it): Darien, Old Greenwich, Riverside (Greenwich) and Westport. Its median income is $58,717. $55,137 is the median income in this city while the unemployment and poverty rates are 7.5% and 13.4% respectively. Despite its high per capita income, Connecticut is mainly a middle-class state. Redding is one of the wealthiest towns in CT. Its a small upscale community with a population of 8,765. Its also far below the national average rate of 3.9%. 20% of the residents pay rent, with 80% owning their homes. 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. Be sure toFollow Us on Instagram,Like Us on Facebook, Subscribe to our YouTube Channel,and subscribe to ourMonthly Newsletter. Unfortunately, however, there can be only one Connecticut place thats worthy of the HomeSnacks crown. Its a small town of 10,354. Education Levels Editors Note: Data has been updated for 2023. Her works have been featured on Good Housekeeping,Next Luxury,Wanderlog,NurseJournal,NewsBreak,ThaiWare,and Yahoo. Located on Long Island Sound, Southport is a charming seaside community with a vibrant downtown area and beautiful beaches. Test performance scores in public schools are above average, slightly lower than in Ridgefield. It's also very well educated, with over half of its residents having a college degree. Old Greenwich Annual household income: $222,794, 2. New Canaan has a small-town feel with big-city amenities. There are also several golf courses in town that draw a lot of people from around the world. If the thought of paying $868,200 for a home makes you feel queasy, you might want to give Weston a miss. The chart below shows the most common races living in the richest cities in Connecticut: 81.94% White 6.79% Hispanic 5.95% Asian 3.30% Two or more races 1.63% Black/African American 0.33% Other 0.07% Native 0.01% Hawaiian/Pacific Islander This shows that the most common race across the richest cities in Connecticut is "White". The bright side? All rights reserved. Grace Duffield / Hearst Connecticut Media file photo Get more stories delivered right to your email. Riverside also offers residents a quick commute into NYC. 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 town covered in vibrant nature, Avon is one of the richest towns in Connecticut. 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. 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. The city has magnificent homes with long driveways accessible through winding country roads and beautiful landscapes. The average adjusted gross income is $222,660. The average home price in Old Greenwich is $1.8 million. Fairfield County is very close to New York City. Old Greenwich has a population of 6,962 and a median household income of $222,794. And if you want to know where these wealthy Connecticutors live, take a look below at HomeSnacks list of the richest places in The Constitution State for 2023. The unemployment and poverty rates are 7.9% and 8.5% respectively. A Bloomberg report is out on the 100 richest towns in America, and four towns in Connecticut made the list. Cos Cob is one of the wealthiest communities in Connecticut with a median home sales price of $1,312,000. 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. Norwalk, CT, USA 4. If you can afford a mortgage, its the better way to go in Fairfield. If youre curious enough, here are the poorest cities in Connecticut, according to data: Poorest: Hartford2nd Poorest: Bridgeport3rd Poorest: Waterbury. Head to, Natalie is a writer and travel enthusiast who loves uncovering new places along the East Coast. Darien residents live a good work-life balance with an average commute time of 39 minutes. Old Greenwich Profile Page with Infographics. 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. . Darien residents are well educated with 83% of residents having obtained a bachelors degree or higher. To see the other wealthy places that made this list, take a look below. In terms of per capita income, it beats the nearest competition by a huge margin of almost $4000. 96% of the residents are homeowners with a median home value of $868,200. Southport, CT Annual household income: $310,831, The 10 Best Places to Live in Austin for Singles, The 20 Safest Places To Live in Tennessee, Tips on How to Use a HELOC To Buy Real Estate, The 20 Best Places to Live in Latin America. The median house price in Westport is approximately $1.5 million. Home prices in town are also high, ranging from $500,000 to $4,000,000. 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. With Connecticut being so close to New York City, it has become a favorite place for wealthy New Yorkers looking to buy a quaint, suburban home. Wilton, CT Annual household income: $193,292, 9. You can learn more about the top ten below or skip to the end to see the rankings for all 21 places. Learn more about the Homesnacks methods that were used to collect the data and how the statistics were calculated. 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. The Population is 27,141, with an average rent of $2,724 if youre not a homeowner. 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.

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