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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. Richest Places in Connecticut Bottom Line, Best First Time Home Buyer Programs & Grants in NYC. This affluent community is the home of 18,410 residents with an average age of 45 years, with slightly more females than males. Despite its small size, it is home to 18,932 people. As to which are the very wealthiest, find out now as we count down the 10 richest cities in Connecticut. You're Really Wealthy If You Live In One Of These 6 CT - Patch People love to enjoy life and share it with family, friends, and neighbors. Only 16 states were represented in the top 100. The median household income in Wilton is $204,473 which is over twice as much as the state average of $79,043. Learn how your comment data is processed. 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. If you live in, Fairfield County's Norwalk, CT is the third richest city in the Nutmeg State. We analyzed 21 places in Connecticut to determine where the 1% live. The communities in this city are close, and they love to sponsor community events for the residents and visitors. The average adjusted gross income is $222,660. 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 average household income umped over $20k, but the cost of housing has also risen in this desirable community. The median income in this city is $81,634. Westport is one of the richest towns in Connecticut with a median household income of $222,375. Newtown Borough is being credited as the richest town in the state of Connecticut. The upscale community attracts residents who commute to New York City because its easy train ride to Manhattan. New Canaan has a small-town feel with big-city amenities. It is also one of the most expensive places to live in the country, with a median home value of $1,051,014. The median sales price of homes in Riverside is $834,000. As at 2019, Connecticut had a per capita income of $44,496. The next richest town in Connecticut is Ridgefield. To see the other wealthy places that made this list, take a look below. The states Atlantic coast is to the east, while the Gulf of Mexico coastline is to the west. A Bloomberg report is out on the 100 richest towns in America, and four towns in Connecticut made the list. The community is known for being tight-knit with safe streets, low unemployment rates, and top-notch schools. Its also home to the states only national historic site, Weir Farm. The median income in Bristol is $61,551 while the unemployment rate is 7.8% and the poverty rate is 10.3%. Connecticut is one of the wealthiest states in the US. Gold Coast (Connecticut) - Wikipedia There is a good reason that Norwalk was listed as one of the best places to live in America. 20. What you might love just a little less is how excruciatingly expensive it is to live here although theres an (admittedly very small) selection of housing options on the reasonable end of the spectrum, there are enough hugely expensive properties to push the median home value to a whopping $1,355,800. (Infographs), What are the Highest Paying Jobs in New Jersey? A wealthy enclave on Connecticut's Gold Coast, Greenwich is consistently ranked as one of the richest cities in America. Fairfield County is very close to New York City. Among Connecticut cities and towns, the wealthiest are the big spenders 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. Learn how your comment data is processed. Darian is one of the richest towns in Connecticut with a median household income of nearly $243,750. Whether you have money to burn or are living on a budget, everyone enjoys these free activities in Connecticut. You can download the data here. It has a great location, close to major highways and a short drive from New York City. The 10 Best Places To Live In Connecticut For 2022 - HomeSnacks 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. If the idea of paying $2,724 in rent each month makes you feel the same, definitely scratch it from your list. Ridgefield, CT Annual household income: $206,560, 6. The high demand is getting harder to find places for sale. With an average household income of $236,892 per year, it is one of the richest towns in the state. Other factors influencing the ranking of this city included an unemployment rate of 6.6% and a poverty rate of 7.1%. Zip Data lists West Hartford as one of the 20 richest cities in the state. List of Connecticut locations by per capita income - Wikipedia It is a picture-perfect neighborhood in the Town of Greenwich with beaches, highly rated schools, and an easy train ride to NYC. The Population is 8,843 in this close-knit community. 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. Almost 6,300 communities met the criteria, which includes approximately 75% of total households in the U.S.". The village also includes a historic mill complex and dam. 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! Only 4% of the homes in the community are available for rent. All of these towns are located not too far east of Greenwich . Milford grabbed the top place in this list of richest cities. Another one of the richest towns in Connecticut is Weston. 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. Westport is one of the wealthiest towns in Connecticut. In addition to having a high income, Wilton residents also have a very low poverty rate at just 2.4%. Essex Village is a highly desirable community to live in for the affluent. If you plan to buy a home in the city, the median home value is $330,100. The town has the highest percentage of residents who are wealthy, at about 30 percent. 6. It is a very safe town surrounded by greenery. Fairfield County town is one of the most desirable places to live if you have the financial means. Located in Fairfield County, Westport is an affluent town with beaches, private Country Clubs, and Yacht Clubs. The unemployment rate is just 3.1%, with an average commute of 33 minutes. Westport Profile Page with Infographics. 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. Wilton is surrounded by nature, offering many activities that are perfect for children and encouraging a healthy lifestyle. Its in Hartford County. The median income in Danbury is $67,430 helping to secure its 5th place ranking. 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. Fairfield offers many different types of housing options including condos, apartments, townhomes, and single-family homes. A relatively small town, it offers the opportunity of doing great outdoor activities. Connecticut is no ones idea of a poor state. 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. Westport is one of the richest towns in Connecticut with a median household income of $222,375. Its a small town of 10,354. 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. However, test score performance in the public school system gets a poor ranking. The 10 Richest Cities in Connecticut - Most Expensively >> Click through to see how each CT spot ranked as well as each household income average. [1] All data is from the 2010 United States Census and the 2011-2015 American Community Survey 5-Year Estimates.[2][3]. What Is The Richest Town In Fairfield County? - PartyShopMaine Youll find a community of 1,300 Wall Street execs and affiliates living in Old Greenwich, Connecticut. Its quiet, with a population density of just over 2,000 people per square mile about half that of New York City. 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. COS COB, CT Annual household income: $136,261, 17. Stamford, CT Annual household income: $152,102, 11. Are you surprised by this list of the richest cities in Connecticut? Although the town is small, youll find plenty of recreational venues, cafes, restaurants, and shops. Its among the top ten. The information presented in this article are based on data from theUS Census American Community SurveyandRedfin. Most of the residents are of white ethnicity, with only 6.1% of students in the public schools eligible for free or reduced lunch. Riverside Profile Page with Infographics. Haub, who took over the company after the death of his brother, Karl-Erivan, is now worth an estimated $2.9 billion. The unemployment and poverty rates are 7.9% and 8.5% respectively. Its also a better choice, Read More The 20 Best Places to Live with Low Humidity in the U.S.Continue. Avon is the home of 1,206 entrepreneurs. Fairfield County towns have made yet another list of the richest places in the U.S. The schools are excellent and the town is beautiful, with tree-lined streets and old-fashioned townhouses. 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. Connecticut’s per capita income was $44,496 in 2019, according to estimates. Lidia has more than 10 years experience in news and digital media and holds a degree in journalism from the University of Connecticut. Darian is on Long Island Sound and offers waterfront property for sale and for rent. And that makes living in the state expensive. Riverside has a population of 8,843. Connecticut is the wealthiest state in the United States of America in terms of per capita incomes and wealth. Be sure toFollow Us on Instagram,Like Us on Facebook, Subscribe to our YouTube Channel,and subscribe to ourMonthly Newsletter. The city is within a short distance of New York City, which offers residents all the amenities of the big city without the need to live there. Theres usually something going on for recreation and entertainment in the town and surrounding areas. The town has attracted the rich and famous . Also in Fairfield County, the waterfront city of Stamford is ranked 4th on the list. Not that there isnt more to it than that with a vibrant food scene, a charming historic district, gorgeous parks, and a great selection of shops, it offers premium living at an admittedly premium price tag. California was the most represented with 23 cities and towns making the list. 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. The state is home to 91 of the US 100 most affluent zip codes. 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. 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. Chris Kolmar has been in the real estate business for almost ten years now. Below is a list of the wealthiest towns in Connecticut. Its also one of the most expensive places to live in the country, with a median home price of over $1.5 million. Download The Entire Connecticut Ranking Data. Source: US Internal Revenue Service - 2018. 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. Redding, CT Annual household income: $140,995, 15. 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. Old Greenwich is home to some of the wealthiest Connecticut residents. 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. The median home value is steep at $1,382,800 for 2022. School test performance scores are above average, and 9.2% of students are eligible for free or reduced lunches at school. 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. The 20 Richest Towns in Connecticut - moneyinc.com 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. 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. The average commute time from home to work is 23.6 minutes, suggesting ample employment opportunities in South Glastonbury. 10 Wealthiest Towns in Connecticut (2023) - Suburbs 101 According to Area Vibes, the cost of living in Westport is 82% higher than the Connecticut average. The median household income in Riverside is $250,000, and most homes sell for over $2.5 million. 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. In terms of per capita income, Connecticut is the richest state in the United States of America. Being a coastal city, citizens have plenty of opportunities to spend their free time. This small coastal town is the perfect place for raising children, and you can enjoy plenty of outdoor activities, especially walking in nature. If the thought of paying $868,200 for a home makes you feel queasy, you might want to give Weston a miss. The remaining six wealthy Connecticut communities, all in Greenwich, in order are. Darien residents live a good work-life balance with an average commute time of 39 minutes. However, if you want to experience a slower rhythm of life in one of the richest towns in Connecticut, youll need to be prepared to pay up, as home prices are costly. Home to over 136,309 people, Stamford is the richest city in Connecticut. Darian If you want to live in Darian, you'd better start saving. Westport is one of the wealthiest towns in Connecticut. Other areas of wealth in the state include suburbs surrounding New Haven and Hartford, as well as pockets of Litchfield County . South Glastonburys Census results show a total of 2038 households in the town. There are plenty of shopping and fine dining venues in Riverside. The homes in Westport are primarily owner-occupied (85%) and only 15% rentals. It is located about 29 miles northeast of New York City, offering residents an easy commute to the city. 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. 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 average home value is $466,000, making it one of the more affordable rich neighborhoods to buy a house. You catch that vibe when you visit New Canaan, but its not cheap to live there. Its located in Fairfield County under the 06896 zip code, sharing a border with Danbury and Georgetown. New Canaan is one of the wealthiest towns in Connecticut with a median sales price of $1,155,000. What is it like to live in Greenwich, CT. This site uses Akismet to reduce spam. Its come a long way in the past 10 years since the last Census. 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. Theyre well educated, and many residents commute to the city for their jobs with an average travel time of 38 minutes. The small community has a population of 7,586 residents. All rights reserved. So, want to know where its just as difficult to Keep up with the Connecticuters as it is The Kardashians? The unemployment rate is 3%, which beats the state average by 4.1%. As a sign of just how rich this coastal Connecticut city is, the median income is a massive $321,377. Related: The 10 Wealthiest Cities In North Carolina. Most of Connecticut's wealth is concentrated in Fairfield County, which contains many affluent suburbs in Connecticut. The town is partly in Hartford County, with some areas in Middlesex County. Home to some of the most affluent residents of Connecticut, Weston has a median household income of $222,535. It's also very well educated, with over half of its residents having a college degree. 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. The 10 Richest People in Connecticut - Money Inc All of this combines to make the local housing market expensive. The town is home to many Fortune 500 companies such as General Electric and Terex Corporation. 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. Liz loves the process of researching information, learning new things, and putting into words . 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. While the income number is higher than that of Milford, the higher unemployment rate of 7.9% gives this city a solid second place. Want to learn more about Old Greenwich? 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. Southport has a long history as a summer resort and residential community. 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). With Connecticut being so close to New York City, it has become a favorite place for wealthy New Yorkers looking to buy a quaint, suburban home. The median home value in Easton is over $772,758 making it one of the most expensive places to live in Connecticut. 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. Here's The Richest Town In Connecticut | Darien, CT Patch And if you have some time on your hands, take a look at how the other 99% live in Connecticuts poorest places. Darien Profile Page with Infographics. The unemployment rate is low compared to the state average, and commuters spend an average of 44 minutes driving to work. Westport is in the top five most affluent cities in Connecticut for 2022. People who live and work in Easton have a slightly higher income level. Grace Duffield / Hearst Connecticut Media file photo Ridgefield is one of the wealthiest towns in Connecticut with a median household income of 133,647. The city has grown over the past decade, increasing from 8,223 residents to 9,110. A median income that sits at a mammoth $352,839. Map of 25 Wealthiest Zipcodes in Connecticut Based on Average Adjusted Gross Income. Lidia Ryan is the managing editor of trending and features for Hearst Connecticut Media Group and is part of the digital team. Education Levels The most affluent settled in the area to enjoy its beautiful beaches and other luxury amenities. 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. Redding is one of the wealthiest towns in CT. Its a small upscale community with a population of 8,765. The median household income in New Canaan is $214,977. 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. 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. The unemployment rate is 8.6% and the poverty rate is 10% in this city. 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. Want to know where Connecticuts 17 billionaires and 122,000 millionaires live? With 733 . Weston is one of the richest towns in Connecticut with a median household income of $207,863. Head out on a fun getaway to these spots: Thank you! 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. Wilton is also known as the village because of its quaint feel with many historic homes and buildings. 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. Riverside also offers residents a quick commute into NYC. The town is also known for having excellent public schools. Home prices in town are also high, ranging from $500,000 to $4,000,000. There are also several golf courses in town that draw a lot of people from around the world. This time the list is from Bloomberg. Point 2 Point Homes picked up on the city of Avon, whereas many other demographics lists didnt give them a second look. Its also home to some of the most expensive homes in the state. According to homes.com, Ridgefield is one of the most expensive places in Connecticut to buy a home. Riverside, CT Annual household income: $215,791, 5. 45.7% of the children in public schools are eligible for free or reduced lunch programs. Its the basis on which we chose the 20 richest towns in Connecticut, and the results might surprise you. 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? Darian, CT Annual household income: $232,523, 1. Home to some of the most affluent residents of Connecticut, Darien has a median household income of $232,523. New Canaan is one of the wealthiest towns and among the best places to live in Connecticut. The median home value in Greenwich is over $1.5 million, and many residents work in finance and banking in NYC. 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 upside to all those sky-high prices is a median income that ranks as one of the highest in the state. It has a population of 27,141. 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. Living in New Canaan is like being surrounded by family. COS COB is a Fairfield county city that extends to the border of the Stamford city limits. Visit Bloomberg for the full report. Westport is a very desirable place to live as it ranks highly for safety. A Bloomberg report is out on the 100 richest towns in America, and four towns in Connecticut made the list. Editors Note: Data has been updated for 2023. According to the report, the four towns are Darien, Old Greenwich, Riverside, and . OnlyInYourState may earn compensation through affiliate links in this article. 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. 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. As one of the Nutmeg state's oldest towns, it also represents one of the richest. 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. That ratio steadily has been. Weston residents are well educated with 78% of residents having obtained a bachelors degree or higher. There are many things that families love about living in Wilton including its great school system, safe neighborhoods, and access to shopping centers. The town has a high concentration of people from New York City who commute to work here by train or car. the average home value is $1,471,700. Riverside is one of the wealthiest communities in 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. 25 Wealthiest Towns in the New York Suburbs, What are the Highest Paying Jobs in New York? The local school system is also amongst the best in the state. Home to some of the most affluent residents in Connecticut, Westport has a median household income of $206,466. Counties [ edit] 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. The financial news and opinion site 24/7 Wall St . 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. HomeSnacks is reader-supported. It also has a number of highly rated public and private schools, which can be a major plus for families with children.