The first thing that comes to most peoples minds when they think about determining the richest places is to simply identify personal incomes. Name Census collected information for the past five years and breaks the average income levels by age group. Milford grabbed the top place in this list of richest cities. Essex Village, CT Annual household income: $172,302, 12. Old Greenwich Profile Page with Infographics. The unemployment rate in this city is 10% and the poverty rate is 9.6%. The downtown area is quaint and charming with plenty of restaurants, shops, and entertainment options. Darian is an entire little town, and those that call it home enjoy lifes best with quaint shops, great places to dine, and plenty of recreational, shopping, and community event opportunities. Darians median home value sits at around $1.7M thats more than double the national average. According to the report, the four towns are Darien, Old Greenwich, Riverside, and . Matter of fact, its because there are a bunch of well-to-do people that call this New England state home. The median sales price is residential sales data for 12 month period ending January 2023. The majority are white-collar workers, just 4.96% in the blue-collar classification. The median household income in Wilton is $204,473 which is over twice as much as the state average of $79,043. 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. 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. New Cannan, CT Average household income: $200,203.00 Living in New Canaan is like being surrounded by family. Darian If you want to live in Darian, you'd better start saving. Most homes were built in 1965 when the community saw its largest growth spurt. If more people are employed, the richer the future looks. However, the average house prices range from $1,5 million to $3 million. 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. It is located about 29 miles northeast of New York City, offering residents an easy commute to the city. Rentals are much higher than most, with an average of $2,443 per month for non-homeowners. Greenwich residents are well-educated, with 70.6% having completed at least a bachelors degree. Its a small town of 10,354. (Infographs), What are the Highest Paying Jobs in New Jersey? What determines the overall wealth of a city? Just 16% of the homes are rentals. COS COB, CT Annual household income: $136,261, 17. Well, HomeSnacks crunched the numbers and discovered that Stamford is the most expensive place to live in Connecticut. Theyre well educated, and many residents commute to the city for their jobs with an average travel time of 38 minutes. 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. 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. 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? According to the most recent data, the number of people living in Ridgefield has decreased by 0.7% since 2020. The median household income is just over $190K per year. How Much Are Closing Costs in Texas & Who Pays Them. The oldest towns in Connecticut are perfect places to visit for those who love learning about history. The median income in this city is $81,634. The unemployment rate, as of 2022, is 3.3%, far lower than the state unemployment rate of 4.1%. 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. There are many things that families love about living in Wilton including its great school system, safe neighborhoods, and access to shopping centers. . Love Connecticut? Darian is one of the richest towns in Connecticut with a median household income of nearly $243,750. Westport is one of the richest towns in Connecticut with a median household income of $222,375. The town is also home to many hedge fund managers, bankers, and lawyers. The average home price in Old Greenwich is $1.8 million. To keep this list focused on city-sized spots, only communities with more than 9,000 people were considered, including the lovely Norwalk, Connecticut. It has a population of 27,141. In 2018, the average household income in its Old Greenwich. It is a Fairfield County city home to many wealthy residents who enjoy private country clubs, yacht clubs, and pristine beaches. 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. If you can swallow up those property prices, theres a good chance youll be rewarded with an income in the region of $222,535. In terms of per capita income, Connecticut is the richest state in the United States of America. However, it is true that overall, the Nutmeg State is richer than most. Well, according to the latest Census data, the richest place in The Nutmeg State is Shelton. 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). Fairfield County's Norwalk, CT is the third richest city in the Nutmeg State. Most of the residents are of white ethnicity, with only 6.1% of students in the public schools eligible for free or reduced lunch. Thats right, folks, the Gold Coast didnt get its name because gold was found on Connecticuts beaches. The states Atlantic coast is to the east, while the Gulf of Mexico coastline is to the west. 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. It has an average household income of $204,792, and the home prices range between $600,000-$800,000. Weston is one of the richest towns in Connecticut with a median household income of $207,863. Want to learn more about Westport? 2015-2023 Chasing Chains, LLC. The median income is $80,896. Riverside also offers residents a quick commute into NYC. 14 Richest Towns in Connecticut Darien Riverside Westport Old Greenwich Wilton Weston Greenwich Southport New Canaan Avon Ridgefield Stamford Woodbridge Essex 1. Head out on a fun getaway to these spots: Thank you! Wealthiest Towns in CT Final - Suburbs 101. Other factors influencing the ranking of this city included an unemployment rate of 6.6% and a poverty rate of 7.1%. 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. As a sign of just how rich this coastal Connecticut city is, the median income is a massive $321,377. The community is close-knit and safe, and while its not exactly the most buzzing of places, its calm serenity and lovely scenery are attractions in their own right. Most of Connecticuts wealth is concentrated in Fairfield County, which contains many affluent suburbs in Connecticut. Ridgefield is one of the wealthiest towns in Connecticut with a median household income of 133,647. Weston is one of the most affluent towns in Connecticut with winding country roads and highly regarded 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. Related: The 10 Wealthiest Neighborhoods in San Francisco. Darian will be the second wealthiest city in Connecticut in 2022. The largest city in Litchfield County, Torrington, grabs the number eight spot. The city has grown over the past decade, increasing from 8,223 residents to 9,110. 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. Darien residents are well educated with 83% of residents having obtained a bachelors degree or higher. The rankings are based on income and home value. The town has over 120 acres of open space and over 1,000 acres of parkland. Its also one of the wealthiest towns in Connecticut, with a median annual income per family of $180,057. 91.82% of the Population is white, with 87.8% white students in the public school system. As at 2019, Connecticut had a per capita income of $44,496. 4.2% of public school students are eligible for free or reduced lunch, and test performance in the public schools for Redding is excellent. 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. On the plus side, the median income of $190,227 is equally jaw-dropping. Wilton has impressive parks and rec programs to provide residents with many green areas to enjoy public events or family picnics. Stamford Wikipedia/John The community is known for being tight-knit with safe streets, low unemployment rates, and top-notch schools. Greenwich is another of the wealthiest towns in Connecticut. Old Greenwich residents live a good work-life balance with an average commute time of 38 minutes. 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. Only 15% of the residents rent because most people there are homeowners. In Old Greenwich, homes are primarily owner-occupied (84%) and only 16% of homes in Old Greenwich are rentals. If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already. (and lowest paying jobs). The average household income umped over $20k, but the cost of housing has also risen in this desirable community. Theres 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. It has a population of 27,141. Riverside has a population of 8,843. New Canaan has a small-town feel with big-city amenities. Fairfield is also very safe and has low crime rates. Its harbor and beaches are popular among boaters, who are drawn by the calm waters of Long Island Sound and easy access to New York City via ferry or bridge. Suburbs 101is an insiders guide to suburban living. Save my name, email, and website in this browser for the next time I comment. The bright side? 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. Home to some of the most affluent residents of Connecticut, Darien has a median household income of $232,523. Westport is one of the wealthiest towns in Connecticut. Want to learn more about Weston? 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. New Canaan is one of the wealthiest towns and among the best places to live in Connecticut. There are also many beautiful parks and green spaces throughout town. Westport Profile Page with Infographics. It has an average household income of $234,152 and 6,611 residents. 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. She finds almost all topics she writes about interesting, but her favorite subjects are travel and food. The median income in Bristol is $61,551 while the unemployment rate is 7.8% and the poverty rate is 10.3%. Its among the top ten. The town is home to many Fortune 500 companies such as General Electric and Terex Corporation. The unemployment rate is lower than the state rate of 4.1% and the national rate of 3.9%. 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. West Simsbury has 151,104 residents as of 2022. It is one of the richest towns in Connecticut, boasting a median sales price of $1,835,000. Shelton. Living there isnt cheap, though. The 2010 Census revealed a growth from 6.751 residents to 7,150, showing that the town is gaining its population base. The city has magnificent homes with long driveways accessible through winding country roads and beautiful landscapes. 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! A relatively small town, it offers the opportunity of doing great outdoor activities. Fairfield County is very close to New York City. People who live and work in Easton have a slightly higher income level. United States locations by per capita income, List of Connecticut locations by per capita income, United States counties by per capita income, "U.S. Census Bureau QuickFacts: Connecticut", "SELECTED ECONOMIC CHARACTERISTICS 2011-2015 American Community Survey 5-Year Estimates", "Profile of General Population and Housing Characteristics: 2010 Demographic Profile Data", U.S. states and territories by per capita income, List of United States counties by per capita income, Highest-income counties in the United States, Highest-income metropolitan statistical areas in the United States, Highest-income urban areas in the United States, Highest-income ZCTAs in the United States, Lowest-income counties in the United States, https://en.wikipedia.org/w/index.php?title=List_of_Connecticut_locations_by_per_capita_income&oldid=1133314595, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 13 January 2023, at 05:01. 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. In fairness, the high prices arent unjustified. Below is a list of the wealthiest towns in Connecticut. 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. 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. Westport residents are well educated with 78% of residents having obtained a bachelors degree or higher. We suspect that the recent pandemic took a toll on residents who lost their jobs, with some forced to relocate for more affordable housing. Westport is a very desirable place to live as it ranks highly for safety. 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. After all, rich people have really high salaries. As to which are the very wealthiest, find out now as we count down the 10 richest cities in Connecticut. We aim to deliver bite-sized pieces of infotainment about where you live. 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. If the thought of paying $868,200 for a home makes you feel queasy, you might want to give Weston a miss. 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. 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. Woodbridge is another wealthy Connecticut town. 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. The average commute time from home to work is 35.7 minutes. However, depending on the neighborhood, you can also find more affordable housing. There is a good reason that Norwalk was listed as one of the. The state is home to 91 of the US 100 most affluent zip codes. 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. The unemployment rate is 8.0% and the poverty rate is 8.9%. Riverside residents are well educated with 73% of residents have obtained a bachelors degree or higher. Located in Fairfield County, Westport is an affluent town with beaches, private Country Clubs, and Yacht Clubs. We analyzed 21 places in Connecticut to determine where the 1% live. This site uses Akismet to reduce spam. Whenever any publication compiles a list of Americas richest cities, theres one name you can always count on seeing Old Greenwich. Stamford is a city in Fairfield County with a population of 14,499. There are plenty of shopping and fine dining venues in Riverside. The average home price in Southport is $600,000. Haub, who took over the company after the death of his brother, Karl-Erivan, is now worth an estimated $2.9 billion. The median income in Danbury is $67,430 helping to secure its 5th place ranking. Woodbridge, CT Annual household income: $205,541, 7. DARIEN, CT Darien is the wealthiest town in Connecticut, where the median household income is more than $200,000, according to a new report. The towns population is under 21,742 people, yet it is home to at least seven country clubs and three golf courses. the average home value is $1,471,700. A town covered in vibrant nature, Avon is one of the richest towns in Connecticut. With salaries like that, most residents are having no problem in keeping up with those monster mortgage re-payments. Related: The 10 Wealthiest Cities In New York. The unemployment rate is 7.3% while the poverty rate is higher at 11.2%. Its also known for its rich history and is listed on the National Register of Historic Places as Woodbridge Green Historic District. Liz loves the process of researching information, learning new things, and putting into words . Fairfield County is very close to New York City. The unemployment rate is just 3.1%, with an average commute of 33 minutes. Read More The 20 Safest Places To Live in TennesseeContinue, If you dont know what a HELOC is, dont feel stupid. Connecticut is home to some of the wealthiest people in America. So we looked at this set of criteria from the newly released 2017-2021 American Community Survey: Median household income is the most digestible way to understand how rich a place really is. Shelton places in the number two spot with a median income of $87,277. The Population is 8,843 in this close-knit community. Most of the properties in Riverside are primarily owner-occupied (80%) with only 20% rentals. Property values are high, the median sales price is $1,029,000. It is a very safe town surrounded by greenery. You can find out more about him on LinkedIn or his website. In terms of per capita income, it beats the nearest competition by a huge margin of almost $4000. The average family home retails for a massive $611,500, almost three times the national average. Wilton is undoubtedly a wealthy community and one of the top ten richest in the state of Connecticut for 2022. It also has a number of highly rated public and private schools, which can be a major plus for families with children. Riverside is one of the wealthiest communities in Connecticut. A wealthy enclave on Connecticut's Gold Coast, Greenwich is consistently ranked as one of the richest cities in America. Easton has excellent schools both public and private schools are available. 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. Whether you have money to burn or are living on a budget, everyone enjoys these free activities in Connecticut. The information presented in this article are based on data from theUS Census American Community SurveyandRedfin. Its got a population of just over 20,249 (2020) people, but it feels much smaller than that.
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