In fairness, you do get a lot of return for your investment. The median income is $80,896. . If youre curious enough, here are the poorest cities in Connecticut, according to data: Poorest: Hartford2nd Poorest: Bridgeport3rd Poorest: Waterbury. Its an Upper-Middle-Class town with a median household income of just under $141K. Renters pay an average of $1,361 per month. Westport is a very desirable place to live as it ranks highly for safety. This site uses Akismet to reduce spam. The schools also have state-of-the-art technology such as iPads and Smart Boards so students can learn in new ways. The towns population is under 21,742 people, yet it is home to at least seven country clubs and three golf courses. Lidia has more than 10 years experience in news and digital media and holds a degree in journalism from the University of Connecticut. The result? Avon, CT Annual household income: $187,080, 10. There are also several golf courses in town that draw a lot of people from around the world. The small community has a population of 7,586 residents. 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. Most of the residents have gainful employment with high-paying jobs. The schools are excellent and the town is beautiful, with tree-lined streets and old-fashioned townhouses. Easton has excellent schools both public and private schools are available. The third on the list is Westport. Want to learn more about Westport? 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 town is partly in Hartford County, with some areas in Middlesex County. 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. Theres a reason this state is one of the richest in the country. 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. 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. Only 16 states were represented in the top 100. 9. 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. 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. Darien is a small town on Connecticut's gold coast that is home to approximately 6,759 people. We use data, analytics, and a sense of humor to determine quality of life for places across the nation. Only 4% of the homes in the community are available for rent. And out of all the towns in Connecticut, none are wealthier than Greenwich in Fairfield County. Essex is situated near the Connecticut river, a few miles north of some of the states best beach towns. Its also one of the most expensive places to live in the country, with a median home price of over $1.5 million. Read More The 20 Safest Places To Live in TennesseeContinue, If you dont know what a HELOC is, dont feel stupid. Old Greenwich Profile Page with Infographics. If you plan to buy a home in the city, the median home value is $330,100. Unfortunately, however, there can be only one Connecticut place thats worthy of the HomeSnacks crown. Wealthiest Towns in CT Final - Suburbs 101. 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. The current Population is 2,601, with an annual growth rate of 0.35%. Avons diversity rate is better than most of its neighboring communities. 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. 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. The downtown area is quaint and charming with plenty of restaurants, shops, and entertainment options. The average home price in town is $780,000. A CT bill would expand it fur, Is CT recycling going into the trash? Weston is in Fairfield County. The majority are white-collar workers, just 4.96% in the blue-collar classification. 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. 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. Hoping for a glimpse at some of those gorgeous views for which this town is known? We then averaged all the rankings for a place into a Rich Score with the place having the lowest overall Rich Score, Shelton, crowned the Richest City In Connecticut For 2023. Its a socioeconomically Upper Middle-Class city with a median household income of $136,261. The town is also known for having excellent public schools. 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.. With a median household income of $1,471,700, this is no place for people on a shoestring budget. Shelton places in the number two spot with a median income of $87,277. The high demand is getting harder to find places for sale. 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". Easton is a great place to raise a family because it has a good school system. Home to some of the most affluent residents of Connecticut, Weston has a median household income of $222,535. Old Greenwich is one of the richest Neighborhoods in Connecticut with a median household income of $238,750. Riverside residents are well educated with 73% of residents have obtained a bachelors degree or higher. Research has shown that the climate of a location does have an impact on persons with moderate, Read More The 20 Worst Places to Live if you Have Arthritis in The U.S.Continue, If your dream is to live or explore in the wealthiest neighborhoods, California is the state for you. With an average family income of $209,635 and a population of 18,460 inhabitants, Wilton is a relatively wealthy town. To keep this list focused on city-sized spots, only communities with more than 9,000 people were considered, including the lovely Norwalk, Connecticut. The second wealthiest town in Connecticut is Riverside. Besides these, Colorado has ongoing employment opportunities in aviation,, Read More The 10 Cheapest Places to Live in ColoradoContinue. Most of the properties in Riverside are primarily owner-occupied (80%) with only 20% rentals. 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. Other areas of wealth in the state include suburbs surrounding New Haven and Hartford, as well as pockets of Litchfield County . 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. This small coastal town is the perfect place for raising children, and you can enjoy plenty of outdoor activities, especially walking in nature. 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. 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. Suburbs 101is an insiders guide to suburban living. Fairfield is a moderate-sized city in Fairfield County. The Community Trail runs along the Long Island Sound and is a great place to walk or ride your bike. Want to learn more about Greenwich, CT? 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. Gov. The community is known for being tight-knit with safe streets, low unemployment rates, and top-notch schools. When you click through real estate links on our site, we earn an affiliate commission. With 733 . Many of these towns are wonderful places to live due to their incredible verdant spaces and proximity to the city and ocean. 6. New Canaan is one of the wealthiest towns and among the best places to live in Connecticut. The beautiful neighborhood is small, just 6,962, after the influx of rich business professionals. Darian If you want to live in Darian, you'd better start saving. Fairfield offers many different types of housing options including condos, apartments, townhomes, and single-family homes. 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? Because it is a coastal town, you can spend most of your time on the beach and in natural parks. Love Connecticut? It has a population of 27,141. Riverside is one of the wealthiest communities in Connecticut. 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 unemployment rate is low compared to the state average, and commuters spend an average of 44 minutes driving to work. West Hartford, CT Annual household income: $142,197, 14. All Rights Reserved. Whether you have money to burn or are living on a budget, everyone enjoys these free activities in Connecticut. Cos Cob is one of the wealthiest communities in Connecticut with a median home sales price of $1,312,000. Greenwich is synonymous with luxury real estate and wealth. How Much Are Closing Costs in Texas & Who Pays Them. Redding is one of the wealthiest towns in CT. Its a small upscale community with a population of 8,765. Darians median home value sits at around $1.7M thats more than double the national average. 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. As to which are the very wealthiest, find out now as we count down the 10 richest cities in Connecticut. The town has a population of about 10,278 (2020) people and has a median age of 42 years old. The fourth wealthiest town in Connecticut is Old Greenwich. If the thought of paying $868,200 for a home makes you feel queasy, you might want to give Weston a miss. A town covered in vibrant nature, Avon is one of the richest towns in Connecticut. And that makes living in the state expensive. Rich people not your cup of tea? Old Greenwich Profile Page with Infographics. 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. Considering Connecticut isnt the cheapest state in the US to start with, that alone should give you some idea of just how rich this little city is. Woodbridge is another Connecticut hamlet passed over by statisticians pointing out the most affluent cities in Connecticut. Wilton is undoubtedly a wealthy community and one of the top ten richest in the state of Connecticut for 2022. She finds almost all topics she writes about interesting, but her favorite subjects are travel and food. Old Greenwich residents are well educated with 80% of residents have obtained a bachelors degree or higher. Old Greenwich enjoys a low crime rate and excellent public schools. 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. It is located about 29 miles northeast of New York City, offering residents an easy commute to the city. The average home value is $1,561,200, with 84% of the residents owning their own homes. Test performance scores in public schools are above average, slightly lower than in Ridgefield. The climate is better for persons with allergies, asthma, and other respiratory conditions. Its also home to some of the most expensive homes in the state. Its also home to the states only national historic site, Weir Farm. In 2010, communities got $74 million or just 28 percent of the $264 million they lost on state property, according to the Connecticut Conference of Municipalities. The median sales price of homes in Weston is $1,225,000 with 96% of homes owner-occupied and only 4% of homes being rentals. New Cannan, CT Average household income: $200,203.00 Living in New Canaan is like being surrounded by family. 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. Almost 6,300 communities met the criteria, which includes approximately 75% of total households in the U.S.". West Simsbury has 151,104 residents as of 2022. This is a carousel. Riverside, CT Annual household income: $215,791, 5. Wilton is undoubtedly a wealthy community and one of the top ten richest in the state of Connecticut for 2022. As of the 2020 census, the population was 1,710. The most affluent settled in the area to enjoy its beautiful beaches and other luxury amenities. It's also one of the most expensive places to live in the country, with a median home price of over $1.5 million. 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. (and lowest paying jobs). Stamford is a city in Fairfield County with a population of 14,499. All of these towns are located not too far east of Greenwich . 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. 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. 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. It has a great location, close to major highways and a short drive from New York City. Westport is one of the wealthiest towns in Connecticut. Save my name, email, and website in this browser for the next time I comment. However, depending on the neighborhood, you can also find more affordable housing. Wilton is also known as the village because of its quaint feel with many historic homes and buildings. The town is also home to many hedge fund managers, bankers, and lawyers. A comprehensive list of Connecticuts top 10 richest cities, ranked according to median income and other key indicators of wealth. In fairness, the high prices arent unjustified. 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%. From Hedge Fund Executives to High Profile Athletes, these wealthy Americans call Connecticut their home. Most homes were built in 1965 when the community saw its largest growth spurt. The state is home to 91 of the US 100 most affluent zip codes. Stamford, CT Annual household income: $152,102, 11. 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 unemployment and poverty rates are 6.3% and 11.4% respectively. Middle-class and affluent, finding somewhere that doesnt test the limits of your credit card can be a chore, particularly if you reserve your home finding to Fairfield County, a place that boasts some of the wealthiest communities in the entire US. Ridgefield is one of the wealthiest towns in Connecticut with a median household income of 133,647. (Infographs), What are the Highest Paying Jobs in New Jersey? The Census ranks individual city wealth by a formula that averages the household incomes, including the adjusted gross income and the average household income. The upside to all those sky-high prices is a median income that ranks as one of the highest in the state. 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. There are many things that families love about living in Wilton including its great school system, safe neighborhoods, and access to shopping centers. Related: The 10 Wealthiest Cities In New York. The average commute time for workers is 26.5 minutes, suggesting plenty of local jobs in the citys economy. 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. Westport is one of the wealthiest towns in Connecticut. Weston residents live a good work-life balance with an average commute time of 42 minutes. Its median income is $58,717. Essex is another one of the richest towns in Connecticut. According to the report, the four towns are Darien, Old Greenwich, Riverside, and . Most Expensively 2023. Counties [ edit] 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. Property values are high, the median sales price is $1,029,000. Riverside is home to some of the most affluent residents of Connecticut with a median household income of $215,791. Atherton, CA topped the list. Want to learn more about Darien? Located in Fairfield County, Westport is an affluent town with beaches, private Country Clubs, and Yacht Clubs. Certainly enough time to go to the beach after work for a picnic dinner by the water! If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already. The Population is 27,141, with an average rent of $2,724 if youre not a homeowner. 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! Visit Bloomberg for the full report. The median income in Bristol is $61,551 while the unemployment rate is 7.8% and the poverty rate is 10.3%. The unemployment rate is 8.6% and the poverty rate is 10% in this city. Its a small, charming seaside community in the Town of Greenwich with a population of 6,873. This site uses Akismet to reduce spam. 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. Its also one of the wealthiest towns in Connecticut, with a median annual income per family of $180,057. The 20 Worst Places to Live if you Have Arthritis in The U.S. Connecticut's neighboring towns of Greenwich and Darien have a combined population of around . Its a haven for New Yorks very rich to escape the hustle and bustle of big money firms and agencies. The average home price in Southport is $600,000. Redding has a median home sales price of $1,030,000 and a median household income of $138,125. Riverside has a population of 8,843. In terms of per capita income, it beats the nearest competition by a huge margin of almost $4000. The seaside neighborhood is a part of the Town of Greenwich, nestled on the beautiful waterfront with homes on its private beaches and all of the quaint little shops and dining venues the heart could desire. 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 a medium-sized town that has grown to become one of the most desirable places to live in Connecticut. Name Census collected information for the past five years and breaks the average income levels by age group. Weston is one of the most affluent towns in Connecticut with winding country roads and highly regarded schools. 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. We aim to deliver bite-sized pieces of infotainment about where you live. With fancy city names like Windsor and Danbury, Connecticut seems to ooze wealth around every corner. 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). Learn how your comment data is processed. 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. COS COB, CT Annual household income: $136,261, 17. On the plus side, the median income of $190,227 is equally jaw-dropping. Groton rounds out the list of richest cities in the number ten spot. Related: The 10 Wealthiest Cities In California. Married families in Ridgefield average an annual household income of 182,679, but the average is over $206k. Its the basis on which we chose the 20 richest towns in Connecticut, and the results might surprise you. Its come a long way in the past 10 years since the last Census. The median income is $80,896. the average home value is $1,471,700. Middletown, a riverside city south of Hartford, takes the 6th place spot with a median income of $63,828. The average income per family is $130,268, and home prices range anywhere between $500,000 to $2 million. 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. Only 16 states were represented in the top 100. If you want to drive your car everywhere, then this may not be the right fit for you; however, if you enjoy walking or biking, Old Greenwich has plenty to offer. The first European settlement was established there in, Read More The 20 Best Places to Live in MassachusettsContinue, Already in the first quarter of 2016, vacation rental startup companies have attracted almost $100 million in investments across the United States and Europe. The average renter pays $2,336 per month. The median income in Danbury is $67,430 helping to secure its 5th place ranking. We analyzed 21 places in Connecticut to determine where the 1% live. The median home value in Greenwich is over $1.5 million, and many residents work in finance and banking in NYC. Home to some of the most affluent residents of Connecticut, Darien has a median household income of $232,523. So, want to know where its just as difficult to Keep up with the Connecticuters as it is The Kardashians? Other factors influencing the ranking of this city included an unemployment rate of 6.6% and a poverty rate of 7.1%. The median sales price of homes in Riverside is $834,000. According to Area Vibes, the cost of living in Westport is 82% higher than the Connecticut average. South Glastonburys Census results show a total of 2038 households in the town. 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. Use Next and Previous buttons to navigate. You can download the data here. 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. Theres a premium on living in a safe neighborhood with all the trappings of a luxurious existence. 79.4% of the community are US-born citizens, with 11.73% born in other countries. The Population for 2020 was 1,797, but it has grown to 1,839 for 2022. The median household income at Cos Cob is $138,125. Thats right, folks, the Gold Coast didnt get its name because gold was found on Connecticuts beaches. List of 25 Wealthiest Zipcodes in Connecticut; Rank Map Key Zipcode Zip Name County Adjusted Gross Income Median Household Income; 1: 06878: Riverside: Fairfield: $740130: Some haulers caught, Arming guidance counselors? The communities in this city are close, and they love to sponsor community events for the residents and visitors. As to which are the very wealthiest, find out now as we count down the 10 richest cities in Connecticut. Head out on a fun getaway to these spots: Thank you! In Old Greenwich, homes are primarily owner-occupied (84%) and only 16% of homes in Old Greenwich are rentals. The average commute time from home to work is 35.7 minutes. Darien The richest town in Connecticut is Darien, with a median household income of $251,200.