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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. COS COB is a Fairfield county city that extends to the border of the Stamford city limits. 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. Essex Village is a highly desirable community to live in for the affluent. Want to learn more about Weston? 20 Cities with the Worst Weather in the U.S. How Eiza Gonzalez Achieved a Net Worth of $5 Million. By Joselynn Chua / February 27, 2023. The unemployment rate is 3%, which beats the state average by 4.1%. 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. West Hartford, CT Annual household income: $142,197, 14. Well, HomeSnacks crunched the numbers and discovered that Stamford is the most expensive place to live in Connecticut. 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. Woodbridge, CT Annual household income: $205,541, 7. Fairfield is also very safe and has low crime rates. What are the most charming small towns in Connecticut? Greenwich residents are well-educated, with 70.6% having completed at least a bachelors degree. Weston, CT Annual household income: 222,535, 3. Let's go! Its also a better choice, Read More The 20 Best Places to Live with Low Humidity in the U.S.Continue. 20. The homes in Westport are primarily owner-occupied (85%) and only 15% rentals. Easton is a cute little city located just a short hop, skip, and a jump away from the amenities and attractions of the New York City metro area. People love to enjoy life and share it with family, friends, and neighbors. 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. The city has magnificent homes with long driveways accessible through winding country roads and beautiful landscapes. The small community has a population of 7,586 residents. The median sales price is residential sales data for 12 month period ending January 2023. The unemployment rate is 3.2%, compared to the Fairfield County unemployment rate of 5.2%. With an average household income of $236,892 per year, it is one of the richest towns in the state. The median household income in Wilton is $204,473 which is over twice as much as the state average of $79,043. The average home value is $1,150,400. Here are the wealthiest towns in Connecticut. Connecticut is no ones idea of a poor state. Liz Flynn has worked as a full-time writer since 2010 after leaving a career in education. 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 got a population of just over 20,249 (2020) people, but it feels much smaller than that. 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. 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. 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. If more people are employed, the richer the future looks. 96% of the residents are homeowners with a median home value of $868,200. Darien is a small town on Connecticuts gold coast that is home to approximately 6,759 people. Renters pay an average of $1,361 per month. The 20 most affluent places, based on places with available data, all had household incomes above $485,000. If you plan to rent in the city, plan on paying double the national average as apartments and homes go for $2,469 per month. The village also includes a historic mill complex and dam. The median household income in Riverside is $250,000, and most homes sell for over $2.5 million. California was the most represented with 23 cities and towns making the list. Newtown Borough is being credited as the richest town in the state of Connecticut. The community is predominantly white at 75.45% but is becoming more ethnically diverse than some of its neighboring towns, with a public school demographic of 68.9% white students. Connecticut is one of the wealthiest states in the US. Keep reading. 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. A Bloomberg report is out on the 100 richest towns in America, and four towns in Connecticut made the list. And if you have some time on your hands, take a look at how the other 99% live in Connecticuts poorest places. Fairfield offers many different types of housing options including condos, apartments, townhomes, and single-family homes. Chris Kolmar has been in the real estate business for almost ten years now. Its one of the areas wealthiest communities, with the median annual household income at over $215k. This site uses Akismet to reduce spam. The average commute time for workers is 26.5 minutes, suggesting plenty of local jobs in the citys economy. The median income in this city is $81,634. Easton has excellent schools both public and private schools are available. Its quiet, with a population density of just over 2,000 people per square mile about half that of New York City. OnlyInYourState may earn compensation through affiliate links in this article. Learn more about the Homesnacks methods that were used to collect the data and how the statistics were calculated. Old Greenwich Annual household income: $222,794, 2. Theres usually something going on for recreation and entertainment in the town and surrounding areas. Located in Fairfield County, Weston has a population of 10,354. 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. It has an active social scene and boasts an impressive collection of restaurants, shops, and entertainment venues. The town is full of greenery and offers residents a tranquil vibe. Ned Lamont and General Assembly leaders to to focus on offsetting a potential property tax Armageddon. Connecticut is the wealthiest state in the United States of America in terms of per capita incomes and wealth. The town is also known for having excellent public schools. Norwalk, CT, USA 4. 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%. Test performance scores in public schools are above average, slightly lower than in Ridgefield. The 20 Best Places to Live with Low Humidity in the U.S. 20 Cities with The Worst Weather in Europe, How Zac Stacy Achieved a Net Worth of $6 Million. The city has grown over the past decade, increasing from 8,223 residents to 9,110. Most of Connecticut's wealth is concentrated in Fairfield County, which contains many affluent suburbs in Connecticut. Four Connecticut towns made the top 50 list (well, three. Its safe, with a low crime rate. Darien residents live a good work-life balance with an average commute time of 39 minutes. Cos Cob is one of the wealthiest communities in Connecticut with a median home sales price of $1,312,000. 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. It has a population of 27,141. The median income in Bristol is $61,551 while the unemployment rate is 7.8% and the poverty rate is 10.3%. The town has over 120 acres of open space and over 1,000 acres of parkland. Matter of fact, its because there are a bunch of well-to-do people that call this New England state home. The 20 Worst Places to Live if you Have Arthritis in The U.S. That ratio steadily has been. It has a population of 27,141. Darien Profile Page with Infographics. 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. As of the 2020 census, the population was 1,710. 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. 4.2% of public school students are eligible for free or reduced lunch, and test performance in the public schools for Redding is excellent. The median household income in New Canaan is $214,977. 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. The town is home to many Fortune 500 companies such as General Electric and Terex Corporation. Head to, Natalie is a writer and travel enthusiast who loves uncovering new places along the East Coast. What determines the overall wealth of a city? Andreas Halvorsen - Net Worth: $6.3 Billion Andreas Halvorsen is a Norwegian billionaire businessman whose net worth of $6.3 billion makes him the 6th richest person in Connecticut. Being a coastal city, citizens have plenty of opportunities to spend their free time. With fancy city names like Windsor and Danbury, Connecticut seems to ooze wealth around every corner. View Map of 25 Poorest Zipcodes in Connecticut. The town has a population of about 10,278 (2020) people and has a median age of 42 years old. The town has the highest percentage of residents who are wealthy, at about 30 percent. The median home price in Essex was $651,000 in 2022. These are some, Read More The 10 Richest Zip Codes In CaliforniaContinue, Florida has the longest coastline of any state in the contiguous United States. You can download the data here. 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. Love Connecticut? 2015-2023 Chasing Chains, LLC. The majority are white-collar workers, just 4.96% in the blue-collar classification. As the name implies, Southport is a port city that is situated on the coast. A relatively small town, it offers the opportunity of doing great outdoor activities. What is it like to live in Greenwich, CT? 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: 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. Home prices in town are also high, ranging from $500,000 to $4,000,000. The average family home retails for a massive $611,500, almost three times the national average. This time the list is from Bloomberg. Shelton. The average value of a home is just under $800,000, which is on par with the average household income. Not to mention, if youre looking to get your kid into a university that produces more millionaires than the Connecticut Lottery, theres the University of Connecticut in Storrs and Yale University in New Haven. New Canaan is one of the wealthiest towns and among the best places to live in Connecticut. Living there isnt cheap, though. Most of the residents are of white ethnicity, with only 6.1% of students in the public schools eligible for free or reduced lunch. 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. It is a very safe town surrounded by greenery. South Glastonbury is a small town with a growing population ranging from 4848 to 5651. 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). Redding is one of the wealthiest towns in CT. Its a small upscale community with a population of 8,765. The unemployment rate is low compared to the state average, and commuters spend an average of 44 minutes driving to work. The median household income is $99,791, and the average home price is $672,000. The median household income is just over $190K per year. West Simsbury has 151,104 residents as of 2022. As a sign of just how rich this coastal Connecticut city is, the median income is a massive $321,377. Darian will be the second wealthiest city in Connecticut in 2022. 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 median sales price of homes in Riverside is $834,000. In terms of per capita income, it beats the nearest competition by a huge margin of almost $4000. Greenwich is another of the wealthiest towns in Connecticut. The 24 to 44 age group earns an average of $230,278 per year, with the 45 to 64 group bringing in $242,039retired residents 65 plus an average of $131,261 per year for the last calculations in 2020. Well, according to the latest Census data, the richest place in The Nutmeg State is Shelton. The median home value in Easton is over $772,758 making it one of the most expensive places to live in Connecticut. The local school system is also amongst the best in the state. It is also one of the most diverse towns in the state, with over 50% of its residents being foreign-born. Zip Data lists West Hartford as one of the 20 richest cities in the state. The unemployment rate, as of 2022, is 3.3%, far lower than the state unemployment rate of 4.1%. The information presented in this article are based on data from theUS Census American Community SurveyandRedfin. Wealthiest Towns in CT Final - Suburbs 101. Related: The 10 Wealthiest Cities In Missouri. To see the other wealthy places that made this list, take a look below. 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. 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. Easton has a thriving downtown area with many restaurants, shops, and entertainment options. If you can afford a mortgage, its the better way to go in Fairfield. Middletown, a riverside city south of Hartford, takes the 6th place spot with a median income of $63,828. Want to learn more about Darien? Darian, CT Annual household income: $232,523, 1. Westport is a very desirable place to live as it ranks highly for safety. The communities in this city are close, and they love to sponsor community events for the residents and visitors. However, depending on the neighborhood, you can also find more affordable housing. The towns population is under 21,742 people, yet it is home to at least seven country clubs and three golf courses. Want to learn more about Riverside? You can learn more about the top ten below or skip to the end to see the rankings for all 21 places. 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. Read More The 20 Safest Places To Live in TennesseeContinue, If you dont know what a HELOC is, dont feel stupid. Its the basis on which we chose the 20 richest towns in Connecticut, and the results might surprise you. We use data, analytics, and a sense of humor to determine quality of life for places across the nation. The Population is 8,843 in this close-knit community. Learn how your comment data is processed. Groton rounds out the list of richest cities in the number ten spot. Darien has a population of 21,499. The average commute time from home to work is 23.6 minutes, suggesting ample employment opportunities in South Glastonbury. On the plus side, the median income of $190,227 is equally jaw-dropping. Westport is a popular place for New Yorkers to visit on weekends because of its close proximity to Manhattan. They found this lovely old city during the Covid-19 pandemic and relocated for a safer and serene place to live. According to the most recent data, the number of people living in Ridgefield has decreased by 0.7% since 2020. 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. 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. Weston is in Fairfield County. 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 average family home retails for a massive $611,500, almost three times the . The 20 Richest Towns in Connecticut in 2022; Liz Flynn. Living in West Hartford is not cheap, but the perks are worth the cost with its safe neighborhoods, upscale shopping and dining venues, and more. With a median household income of $1,471,700, this is no place for people on a shoestring budget. All in all, Riverside is a town that offers a great quality of life to its citizens. Suburbs 101is an insiders guide to suburban living. The median home value in Greenwich is over $1.5 million, and many residents work in finance and banking in NYC. You'll receive your first newsletter soon! Other areas of wealth in the state include suburbs surrounding New Haven and Hartford, as well as pockets of Litchfield County . Source: US Internal Revenue Service - 2018. Hoping for a glimpse at some of those gorgeous views for which this town is known? California was the most represented with 23 cities and towns making the list. Be sure toFollow Us on Instagram,Like Us on Facebook, Subscribe to our YouTube Channel,and subscribe to ourMonthly Newsletter. Its also far below the national average rate of 3.9%. Weston residents are well educated with 78% of residents having obtained a bachelors degree or higher. Other areas of wealth in the state include suburbs surrounding New Haven and Hartford, as well as pockets of Litchfield County. However, it is true that overall, the Nutmeg State is richer than most. As to which are the very wealthiest, find out now as we count down the 10 richest cities in Connecticut. As one of the Nutmeg state's oldest towns, it also represents one of the richest. Besides these, Colorado has ongoing employment opportunities in aviation,, Read More The 10 Cheapest Places to Live in ColoradoContinue. Darian is on Long Island Sound and offers waterfront property for sale and for rent. We analyzed 21 places in Connecticut to determine where the 1% live. Its a peaceful town thats a great place for people who want to get away from hectic city life and enjoy nature. 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! Its in Hartford County. Riverside is one of the wealthiest communities in Connecticut. Riverside residents live a good work-life balance with an average commute time of 37 minutes. Get the inside scoop on what its really like to live in the suburbs through our interviews with local suburbanites and features on Food, Fashion, Home, Garden, Travel, Pets, Real Estate and Local Events. Newtown Borough is being credited as the richest town in the state of Connecticut. On this Wikipedia the language links are at the top of the page across from the article title. Its a great place for families and young professionals to live. A Bloomberg report is out on the 100 richest towns in America, and four towns in Connecticut made the list. 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 If you dream of the quiet life, its ideal. It is a picture-perfect neighborhood in the Town of Greenwich with beaches, highly rated schools, and an easy train ride to NYC. Located on Connecticut's Gold Coast, Greenwich is a financial powerhouse and also an exciting place to visit. The town has its own train station and airport called Sikorsky Memorial Airport that allows residents to travel easily to Manhattan by train or plane. The benefits of living in this city are numerous, such as good schools, safe neighborhoods, and overall great lifestyle quality. 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. Editors Note: Data has been updated for 2023. Riverside also offers residents a quick commute into NYC. The schools also have state-of-the-art technology such as iPads and Smart Boards so students can learn in new ways. Westport is one of the richest towns in Connecticut with a median household income of $222,375. The staggering low unemployment rate for 2022 is 0.4%, far below the county, state, and national averages for unemployment rates. New Cannan, CT Average household income: $200,203.00, 8. 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. West Simsbury, CT Annual household income: $109,590, 19. Her academic degrees include AA social Sci/BA English/MEd Adult Ed & Community & Human Resource Development and ABD in PhD studies in Indust & Org Psychology. 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. Unfortunately, however, there can be only one Connecticut place that's worthy of the HomeSnacks crown. Want to learn more about Old Greenwich? Fairfield County is very close to New York City. It has an average household income of $234,152 and 6,611 residents. Most of the properties in Riverside are primarily owner-occupied (80%) with only 20% rentals. It is also one of the most expensive places to live in the country, with a median home value of $1,051,014. Some work at private companies and governmental institutions. There is a good reason that Norwalk was listed as one of the. 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. According to the report, the four towns are Darien, Old Greenwich, Riverside, and . A comprehensive list of Connecticuts top 10 richest cities, ranked according to median income and other key indicators of wealth. However, we dont believe that one statistic wholly encompasses what it means to be one of the richest places. Weston is one of the most affluent towns in Connecticut with winding country roads and highly regarded schools. 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. 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. There are lots of affluent communities in the Nutmeg State, and some of them are unassuming. Westport is one of the richest towns in Connecticut with a median household income of $222,375. Its a small town of 10,354. Darian If you want to live in Darian, you'd better start saving. 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. 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. Stamford is a city in Fairfield County with a population of 14,499. 91.82% of the Population is white, with 87.8% white students in the public school system. Learn how your comment data is processed. Westport residents live a good work-life balance with an average commute time of 44 minutes. Old Greenwich has a population of 6,962 and a median household income of $222,794. Its also one of the most expensive places to live in the country, with a median home price of over $1.5 million. With a median household income just shy of a quarter-million a year, Darian is an exclusive place to live. Education Levels Her works have been featured on Good Housekeeping,Next Luxury,Wanderlog,NurseJournal,NewsBreak,ThaiWare,and Yahoo. With a median household income of $1,471,700, this is no place for people on a shoestring budget. Name Census collected information for the past five years and breaks the average income levels by age group. Stamford Wikipedia/John The upside to all those sky-high prices is a median income that ranks as one of the highest in the state. How Much Are Closing Costs in Texas & Who Pays Them. Riverside Profile Page with Infographics. Suburbs 101 confirms that Riverside is a wealthy suburb of the Town of Greenwich. It has a great location, close to major highways and a short drive from New York City. 22 overall, with average household income at $270,222. The unemployment and poverty rates are 7.9% and 8.5% respectively. Above is a fundraiser at the famous Glass House in New Canaan. The average income per family is $130,268, and home prices range anywhere between $500,000 to $2 million. There are also several golf courses in town that draw a lot of people from around the world. 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. The schools are among the best in the state, making them the ideal place to raise a family. CT proposal causes confusion, concern. The rankings are based on income and home value. The unemployment and poverty rates are 7.9% and 8.5% respectively. Isn't it grand to see Granby here in the top ten safest places in Connecticut. The bright side? Get more stories delivered right to your email. You can find out more about him on LinkedIn or his website. West Simsbury is classified socioeconomically as an upper-middle-class zip code compared to other zip codes in Connecticut. The percentage of students eligible for participation in reduced or free lunch programs is 32.7%, which is low compared to many other cities in the state. The fourth wealthiest town in Connecticut is Old Greenwich. DARIEN, CT Darien is the wealthiest town in Connecticut, where the median household income is more than $200,000, according to a new report. Old Greenwich is home to some of the wealthiest Connecticut residents. There are many things to do including going to the beach and shopping at the local malls. Wilton has impressive parks and rec programs to provide residents with many green areas to enjoy public events or family picnics. School test performance scores are above average, and 9.2% of students are eligible for free or reduced lunches at school. 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.