Theres a reason this state is one of the richest in the country. South Glastonburys Census results show a total of 2038 households in the town. Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. The Census ranks individual city wealth by a formula that averages the household incomes, including the adjusted gross income and the average household income. If you plan to buy a home in the city, the median home value is $330,100. Being a coastal city, citizens have plenty of opportunities to spend their free time. It's also one of the most expensive places to live in the country, with a median home price of over $1.5 million. 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. New Canaan is situated right next to Darien and is also one of the richest towns in Connecticut. Old Greenwich Profile Page with Infographics. To see the other wealthy places that made this list, take a look below. Home to some of the most affluent residents in Connecticut, Westport has a median household income of $206,466. What are the most charming small towns in Connecticut? The largest city in Litchfield County, Torrington, grabs the number eight spot. Its in Hartford County. However, depending on the neighborhood, you can also find more affordable housing. This time the list is from Bloomberg. The unemployment and poverty rates are 7.9% and 8.5% respectively. Look here. A list of the richest cities in Connecticut was released by Homesnacks and we think you might be surprised at which places made the list. Related: The 10 Wealthiest Neighborhoods in San Francisco. Westport is a very desirable place to live as it ranks highly for safety. Located in Fairfield County, Westport is an affluent town with beaches, private Country Clubs, and Yacht Clubs. The average household income in Woodbridge is $96,919, and the median home price is $595,000. There are lots of affluent communities in the Nutmeg State, and some of them are unassuming. 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. Its also very well educated, with over half of its residents having a college degree. Groton rounds out the list of richest cities in the number ten spot. All Rights Reserved. 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. Avon, CT Annual household income: $187,080, 10. Redding, Connecticut, is a small city with a population of 9,110. 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. 14 Richest Towns in Connecticut Darien Riverside Westport Old Greenwich Wilton Weston Greenwich Southport New Canaan Avon Ridgefield Stamford Woodbridge Essex 1. Ridgefield is also home to several conservation areas and preserves that provide a haven for wildlife such as deer, foxes, wild turkeys, and hawks. New Canaan is expensive, even by Connecticut standards: The median home value is $1.9M, compared to $350,897 for the state overall. The average home price in Southport is $600,000. 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. Home to some of the most affluent residents of Connecticut, Darien has a median household income of $232,523. Liz Flynn has worked as a full-time writer since 2010 after leaving a career in education. All in all, Riverside is a town that offers a great quality of life to its citizens. Newtown Borough is being credited as the richest town in the state of Connecticut. The average price of a home is $611,500, nearly three times the national average. Although the town is small, youll find plenty of recreational venues, cafes, restaurants, and shops. It is a charming seaside neighborhood that is in the Town of Greenwich with waterfront homes and private beaches. Use Next and Previous buttons to navigate. The most charming small towns in Connecticut are perfect for a day trip or a new home. From Hedge Fund Executives to High Profile Athletes, these wealthy Americans call Connecticut their home. Counties [ edit] 89.3% of the homes are occupied by their owners, with 10.7% as rentals. Fairfield is a moderate-sized city in Fairfield County. The 20 most affluent places, based on places with available data, all had household incomes above $485,000. Its come a long way in the past 10 years since the last Census. Its not difficult to find a home to buy or rent, as there are 3,122 homes in the town, with just 2,935 currently occupied. Ned Lamont and General Assembly leaders to to focus on offsetting a potential property tax Armageddon. Connecticut is no ones idea of a poor state. 1. If you love the outdoors, check out the beautiful. The streets are safe, and the schools are highly rated. The median home value is steep at $1,382,800 for 2022. You catch that vibe when you visit New Canaan, but its not cheap to live there. Matter of fact, its because there are a bunch of well-to-do people that call this New England state home. The unemployment rate for the city is 3.6%, compared to the state average of 4.1%, and theyre doing well in securing work. A median income that sits at a mammoth $352,839. Westport is one of the richest towns in Connecticut with a median household income of $222,375. Only 15% of the residents rent because most people there are homeowners. If you dream of the quiet life, its ideal. Property values are high, the median sales price is $1,029,000. Unfortunately, however, there can be only one Connecticut place thats worthy of the HomeSnacks crown. A wealthy enclave on Connecticut's Gold Coast, Greenwich is consistently ranked as one of the richest cities in America. The majority are white-collar workers, just 4.96% in the blue-collar classification. The local school system is also amongst the best in the state. Its a small town of 10,354. To keep this list focused on city-sized spots, only communities with more than 9,000 people were considered, including the lovely Norwalk, Connecticut. With a median household income just shy of a quarter-million a year, Darian is an exclusive place to live. The climate is better for persons with allergies, asthma, and other respiratory conditions. If you thought that renting would help cut costs to a more reasonable level, think again according to Niche, the average cost of renting a home in this exclusive little city is over twice the national average at $2,469. Riverside has a population of 8,843. You can learn more about the top ten below or skip to the end to see the rankings for all 21 places. West Simsbury, CT Annual household income: $109,590, 19. And that makes living in the state expensive. Most homes were built in 1965 when the community saw its largest growth spurt. South Glastonbury, CT Annual household income: $135,596, 18. With a median household income of $1,471,700, this is no place for people on a shoestring budget. Most of Connecticut's wealth is concentrated in Fairfield County, which contains many affluent suburbs in Connecticut. Haub, who took over the company after the death of his brother, Karl-Erivan, is now worth an estimated $2.9 billion. The 10 Wealthiest Neighborhoods in San Francisco, median household income of nearly $243,750, The 10 Wealthiest Cities In North Carolina, median household income in Wilton is $204,473, population of just over 20,249 (2020) people, median home value in Easton is over $772,758, The 10 Richest Cities in Michigan Based on Median Income, The 10 Richest Neighborhoods in New York City, The 10 Wealthiest Cities in Georgia Based on Median Income, The 10 Wealthiest Cities in California Based on Median Income, The 10 Wealthiest Cities in Illinois Based on Median Income, The 10 Wealthiest Cities in Missouri Based on Median Income, The 10 Wealthiest Cities in North Carolina Based on Median Income, The 10 Wealthiest Cities in Maryland Based on Median Income. This is a carousel. The median home price in Essex was $651,000 in 2022. Woodbridge, CT Annual household income: $205,541, 7. Are you surprised by this list of the richest cities in Connecticut? 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. Wilton has impressive parks and rec programs to provide residents with many green areas to enjoy public events or family picnics. Fairfield County's Norwalk, CT is the third richest city in the Nutmeg State. The average home price in Old Greenwich is $1.8 million. Save my name, email, and website in this browser for the next time I comment. Southport is an affluent town 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. West Hartford, CT Annual household income: $142,197, 14. We love the detailed statistics that give us a clear snapshot of the socioeconomic dynamics of the city. According to the report, the four towns are Darien, Old Greenwich, Riverside, and . Almost 6,300 communities met the criteria, which includes approximately 75% of total households in the U.S.". The next town on this list is Wilton. Inflation-adjusted household income is one of the factors. The village also includes a historic mill complex and dam. What is it like to live in Greenwich, CT? He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks. Southport has a long history as a summer resort and residential community. However, its also popular among locals so much so that there are rumors that it might become a commuter town for New York City residents. Want to learn more about Westport? Redding has a median home sales price of $1,030,000 and a median household income of $138,125. Four of the top 20 are places in New York, including Brookville village. Norwalk, CT, USA 4. 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 beautiful neighborhood is small, just 6,962, after the influx of rich business professionals. Unexpectedly, after looking at the median income of residents, along with poverty levels and unemployment rates, we found that wealth is spread throughout the state. The Population is 27,141, with an average rent of $2,724 if youre not a homeowner. Old Greenwich Profile Page with Infographics. 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. Jobs are plentiful in the area, with the working Population gainfully employed except for just 3.5%. Its a haven for New Yorks very rich to escape the hustle and bustle of big money firms and agencies. New Canaan has a small-town feel with big-city amenities. The next richest town in Connecticut is Ridgefield. The unemployment rate is 8.6% and the poverty rate is 10% in this city. If you want to live in Darian, youd better start saving. This site uses Akismet to reduce spam. 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. With a median household income of $129,919, it is home to approximately 25,033 people. Weston is one of the most affluent towns in Connecticut with winding country roads and highly regarded schools. There are plenty of shopping and fine dining venues in Riverside. Riverside is one of the wealthiest communities in Connecticut. As at 2019, Connecticut had a per capita income of $44,496. 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. The median household income in Riverside is $250,000, and most homes sell for over $2.5 million. When you click through real estate links on our site, we earn an affiliate commission. The high demand is getting harder to find places for sale. Keep reading. The crime rate is practically non-existent, the median income is a stonking $139,122, the schools are some of the best in the state, and despite its relatively small size, it has a huge selection of restaurants, shops, cafes, and recreational venues to enjoy. There are also many beautiful parks and green spaces throughout town. The schools are among the best in the state, making them the ideal place to raise a family. Another one of the richest towns in Connecticut is Weston. As one of the Nutmeg state's oldest towns, it also represents one of the richest. With 733 . Want to learn more about Greenwich, CT? Read More The 20 Safest Places To Live in TennesseeContinue, If you dont know what a HELOC is, dont feel stupid. 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%. 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. Weston residents are well educated with 78% of residents having obtained a bachelors degree or higher. The unemployment rate is 3.2%, compared to the Fairfield County unemployment rate of 5.2%. We aim to deliver bite-sized pieces of infotainment about where you live. Learn more about the Homesnacks methods that were used to collect the data and how the statistics were calculated. and 10 Reasons to Move to Greenwich, CT. Wilton is recognized as one of the wealthiest towns in Connecticut with a median household income of $209,635. 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. The median home value is $766,900, making it more affordable than some other affluent communities. Most residents have at least a bachelors degree or higher and drive an average of 42 minutes to get to work. According to the report, the four towns are Darien, Old Greenwich, Riverside, and . What is it like to live in Greenwich, CT. Youll find parades, festivals, and occasional pop-up art exhibitions. Download The Entire Connecticut Ranking Data. It has a population of 27,141. Living in New Canaan is like being surrounded by family. Connecticut ( / kntkt / ( listen)) [10] is the southernmost state in the New England region of the Northeastern United States. 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". After we collected the data for all 21 places with more than 9,000 people in Connecticut, we ranked each place from 1 to 21 for each of the criteria, with 1 being the richest. The average renter pays $2,336 per month. Shelton has an extremely successful economy, with the 2nd lowest poverty level and lowest unemployment rate in Connecticut, at 5.4% and 4.9% respectively. The average income per family is $130,268, and home prices range anywhere between $500,000 to $2 million. The town has attracted the rich and famous . 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. Other areas of wealth in the state include suburbs surrounding New Haven and Hartford, as well as pockets of Litchfield County . Well, HomeSnacks crunched the numbers and discovered that Stamford is the most expensive place to live in Connecticut. 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. Old Greenwich enjoys a low crime rate and excellent public schools. What are the richest towns in Connecticut? Its a great place to raise kids, with top-rated schools and safe streets. Connecticut's neighboring towns of Greenwich and Darien have a combined population of around . Point 2 Point Homes advises that the small community of 8,779 people has an average household income of more than $200k per year. 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). HomeSnacks is reader-supported. A relatively small town, it offers the opportunity of doing great outdoor activities. 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. 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. 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. When Does a Seller Get Their Money After Closing on a House? The median income in Bristol is $61,551 while the unemployment rate is 7.8% and the poverty rate is 10.3%. 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). Theres usually something going on for recreation and entertainment in the town and surrounding areas. If youre thinking about moving to Austin and youre single without a family or spouse, you might find some neighborhoods, Read More The 10 Best Places to Live in Austin for SinglesContinue. Besides these, Colorado has ongoing employment opportunities in aviation,, Read More The 10 Cheapest Places to Live in ColoradoContinue. 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. Greenwich residents are well-educated, with 70.6% having completed at least a bachelors degree. They found this lovely old city during the Covid-19 pandemic and relocated for a safer and serene place to live. 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. 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. 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. If you plan to buy a home in New Canaan, the average price is $1.36 million. Its median income is $58,717. Lidia Ryan is the managing editor of trending and features for Hearst Connecticut Media Group and is part of the digital team. Fairfield is one of the richest towns and among the best places to live in Connecticut. Despite its small size, it is home to 18,932 people. 2015-2023 Chasing Chains, LLC. The information presented in this article are based on data from theUS Census American Community SurveyandRedfin. So, want to know where its just as difficult to Keep up with the Connecticuters as it is The Kardashians? 22 overall, with average household income at $270,222. 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. Connecticut is one of the wealthiest states in the US. Numerous tech billionaires have called the town home, including Googles Eric Schmidt, Facebooks Sheryl Sandberg and Microsofts late co-founder Paul Allen.". View Map of 25 Poorest Zipcodes in Connecticut. Its less ideal, however, if your bills are already bigger than your income. 6. 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.

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