Connecticut ( / kntkt / ( listen)) [10] is the southernmost state in the New England region of the Northeastern United States. With its safe streets, world-class schools, plentiful amenities, and tempting $163,945 median income, its a great place to call home if your bank balance meets the challenge. With a median income of $187,917 and a median home value of $703,200, this is a city of big paychecks, big houses, and big cars. Test performance scores in public schools are ranked as excellent. Despite its small size, it is home to 18,932 people. 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. 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. Ridgefield, CT Annual household income: $206,560, 6. The poverty rate is remarkably low at 1.12%, with median rent at $1,832 per month. The towns population is under 21,742 people, yet it is home to at least seven country clubs and three golf courses. The schools also have state-of-the-art technology such as iPads and Smart Boards so students can learn in new ways. Its a city of high-earners who live the high life enjoying their private yacht and country clubs, with access to the citys pristine beaches. Westport Profile Page with Infographics. 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. There are many things to do including going to the beach and shopping at the local malls. The city deserves its spot on the list as its well above the average US income. Connecticut towns make Bloomberg list of richest places, Owner of Tm brings authentic Mexican cuisine, art to Fairfield, St. Patrick's Day food and drink menus, parties around CT, Connecticut Magazine's 25 Most Romantic Restaurants in CT. Every year, Connecticut Magazine asks readers and experts for the state's best dining spots. Easton has a thriving downtown area with many restaurants, shops, and entertainment options. A relatively small town, it offers the opportunity of doing great outdoor activities. Old Greenwich is home to some of the wealthiest Connecticut residents. Home to some of the most affluent residents of Connecticut, Weston has a median household income of $222,535. [1] All data is from the 2010 United States Census and the 2011-2015 American Community Survey 5-Year Estimates.[2][3]. That ratio steadily has been. Riverside also offers residents a quick commute into NYC. 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. Only 16 states were represented in the top 100. On the plus side, the median income of $190,227 is equally jaw-dropping. With a median household income of $1,471,700, this is no place for people on a shoestring budget. Connecticut has for many years been labeled the richest state in the nation because of its highest-in-the-nation per capita income, but that may be rapidly changing according to figures from the U.S. Bureau of Economic Analysis. Redding, CT Annual household income: $140,995, 15. 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. California was the most represented with 23 cities and towns making the list. The information presented in this article are based on data from theUS Census American Community SurveyandRedfin. In Old Greenwich, homes are primarily owner-occupied (84%) and only 16% of homes in Old Greenwich are rentals. If you want to live in Darian, youd better start saving. 89.3% of the homes are occupied by their owners, with 10.7% as rentals. Some haulers caught, Arming guidance counselors? Greenwich is another of the wealthiest towns in Connecticut. The median household income in New Canaan is $214,977. CT proposal causes confusion, concern. Weston is also one of the best places in Connecticut to raise a family. The median home price in Essex was $651,000 in 2022. The next town on this list is Wilton. The richest places in Connecticut are a lot like expensive diamonds; but, dont get it twisted, they are not by any means the diamonds in the rough. The 20 Richest Towns in Connecticut in 2022; Liz Flynn. The median household income is just over $190K per year. However, test score performance in the public school system gets a poor ranking. As one of the Nutmeg state's oldest towns, it also represents one of the richest. New Cannan, CT Average household income: $200,203.00, 8. Related: The 10 Wealthiest Cities In North Carolina. 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. Home to some of the most affluent residents in Connecticut, Westport has a median household income of $206,466. Related: The 10 Wealthiest Cities In California. It's also one of the most expensive places to live in the country, with a median home price of over $1.5 million. Located on Long Island Sound, Southport is a charming seaside community with a vibrant downtown area and beautiful beaches. The Census ranks individual city wealth by a formula that averages the household incomes, including the adjusted gross income and the average household income. Its also a better choice, Read More The 20 Best Places to Live with Low Humidity in the U.S.Continue. Fairfield County is very close to New York City. Hoping for a glimpse at some of those gorgeous views for which this town is known? According to homes.com, Ridgefield is one of the most expensive places in Connecticut to buy a home. The unemployment rate is 8.6% and the poverty rate is 10% in this city. Most Expensively 2023. Grace Duffield / Hearst Connecticut Media file photo Riverside Profile Page with Infographics. The rankings are based on income and home value. 20. 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. Its a great place for families and young professionals to live. 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. 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. With an average household income of $236,892 per year, it is one of the richest towns in the state. Most homes were built in 1965 when the community saw its largest growth spurt. 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. Located in Fairfield County, Westport is an affluent town with beaches, private Country Clubs, and Yacht Clubs. DARIEN, CT Darien is the wealthiest town in Connecticut, where the median household income is more than $200,000, according to a new report. Ridgefield offers something for everyone from great schools to recreation for the whole family. If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already. 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. As of the 2020 census, the population was 1,710. Known for its luxury waterfront homes, Old Greenwich has a median sales price of $2,063,000. Stamford is situated only 30 miles north of NYC, so it offers residents unparalleled access to the city. Atherton, CA topped the list. Many of these towns are wonderful places to live due to their incredible verdant spaces and proximity to the city and ocean. The unemployment rate is 3%, which beats the state average by 4.1%. Home to over 136,309 people, Stamford is the richest city in Connecticut. And if you have some time on your hands, take a look at how the other 99% live in Connecticuts poorest places. Its a socioeconomically Upper Middle-Class city with a median household income of $136,261. Its among the top ten. Westport residents live a good work-life balance with an average commute time of 44 minutes. Darian will be the second wealthiest city in Connecticut in 2022. The unemployment and poverty rates are 6.3% and 11.4% respectively. The communities in this city are close, and they love to sponsor community events for the residents and visitors. 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. Flavian Johnny is the founder of Mostexpensively.com - a blog that serves as an invaluable resource for expatriates and travelers looking for something special and unique. Love Connecticut? The town is full of greenery and offers residents a tranquil vibe. Woodbridge, CT Annual household income: $205,541, 7. In fairness, the high prices arent unjustified. It is a picture-perfect neighborhood in the Town of Greenwich with beaches, highly rated schools, and an easy train ride to NYC. What are the most charming small towns 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. If you can afford a mortgage, its the better way to go in Fairfield. 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. Another one of the richest towns in Connecticut is Weston. Living there isnt cheap, though. The median household income in Wilton is $204,473 which is over twice as much as the state average of $79,043. 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. Its a small, charming seaside community in the Town of Greenwich with a population of 6,873. 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 town is also known for having excellent public schools. 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. Riverside is one of the wealthiest communities in Connecticut. 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. The schools are among the best in the state, making them the ideal place to raise a family. Fairfield County towns have made yet another list of the richest places in the U.S. Connecticut is no ones idea of a poor state. There are plenty of shopping and fine dining venues in Riverside. Youll find parades, festivals, and occasional pop-up art exhibitions. If you're looking for a fun day trip, you will really enjoy, The city of Bristol with a population of 60,437 is ranked number seven. Zip Data lists West Hartford as one of the 20 richest cities in the state. Test performance scores in public schools are above average, slightly lower than in Ridgefield. The town is home to many Fortune 500 companies such as General Electric and Terex Corporation. South Glastonburys Census results show a total of 2038 households in the town. Essex is situated near the Connecticut river, a few miles north of some of the states best beach towns. 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. Unfortunately, however, there can be only one Connecticut place thats worthy of the HomeSnacks crown. Connecticut's neighboring towns of Greenwich and Darien have a combined population of around . How Much Are Closing Costs in Texas & Who Pays Them. HomeSnacks is reader-supported. Easton, CT Annual household income: $166,875, 13. Shelton. New Canaan is situated right next to Darien and is also one of the richest towns in Connecticut. It is a Fairfield County city home to many wealthy residents who enjoy private country clubs, yacht clubs, and pristine beaches. Southports location near New York City also makes it attractive for commuters working there. There is a good reason that Norwalk was listed as one of the best places to live in America. 9. Other areas of wealth in the state include suburbs surrounding New Haven and Hartford, as well as pockets of Litchfield County. 91.82% of the Population is white, with 87.8% white students in the public school system. With an average family income of $209,635 and a population of 18,460 inhabitants, Wilton is a relatively wealthy town. 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. South Glastonbury, CT Annual household income: $135,596, 18. Depending on individual tastes, personal circumstances, and the stage of life a person is at, everyone has different criteria in terms of what makes a great place to live. It also has a number of highly rated public and private schools, which can be a major plus for families with children. The state is home to 91 of the US 100 most affluent zip codes. (Infographic), What are the Highest Paying Jobs in Connecticut? As at 2019, Connecticut had a per capita income of $44,496. Save my name, email, and website in this browser for the next time I comment. The unemployment rate for the city is 3.6%, compared to the state average of 4.1%, and theyre doing well in securing work. The median sales price of homes in Riverside is $834,000. 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. Below is a list of the wealthiest towns in Connecticut. The median income is $80,896. 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 average home price in Southport is $600,000. Although the town is small, youll find plenty of recreational venues, cafes, restaurants, and shops. It is located about 29 miles northeast of New York City, offering residents an easy commute to the city. If you choose to rent an apartment, expect to pay an average of $1,866 monthly. What is it like to live in Greenwich, CT. Numerous tech billionaires have called the town home, including Googles Eric Schmidt, Facebooks Sheryl Sandberg and Microsofts late co-founder Paul Allen.". And out of all the towns in Connecticut, none are wealthier than Greenwich in Fairfield County. When you click through real estate links on our site, we earn an affiliate commission. A Bloomberg report is out on the 100 richest towns in America, and four towns in Connecticut made the list. Middletown, a riverside city south of Hartford, takes the 6th place spot with a median income of $63,828. Fairfield is a moderate-sized city in Fairfield County. 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. The average price of a home is $611,500, nearly three times the national average. 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. Chris Kolmar has been in the real estate business for almost ten years now. West Hartford, CT Annual household income: $142,197, 14. Most of the residents have gainful employment with high-paying jobs. The average home price in Old Greenwich is $1.8 million. There are lots of affluent communities in the Nutmeg State, and some of them are unassuming. 2015-2023 Chasing Chains, LLC. The schools are excellent and the town is beautiful, with tree-lined streets and old-fashioned townhouses. The town also boasts one of the best school systems in all of Connecticut! The average commute time for workers is 26.5 minutes, suggesting plenty of local jobs in the citys economy. 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. Learn more about the Homesnacks methods that were used to collect the data and how the statistics were calculated. Home to some of the most affluent residents of Connecticut, Darien has a median household income of $232,523. 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 Stamford is a city in Fairfield County with a population of 14,499.