Easton is a great place to raise a family because it has a good school system. 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. Located in Fairfield County, Weston has a population of 10,354. Most of the residents are of white ethnicity, with only 6.1% of students in the public schools eligible for free or reduced lunch. As the name implies, Southport is a port city that is situated on the coast. Its located in Fairfield County under the 06896 zip code, sharing a border with Danbury and Georgetown. Its one of the areas wealthiest communities, with the median annual household income at over $215k. 18 Top-Rated Small Towns in Connecticut | PlanetWare Safest Cities In Connecticut (Updated For 2021) - HomeSnacks (Infographs), What are the Highest Paying Jobs in New Jersey? Darien has a population of 21,499. 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. The third on the list is Westport. Learn how your comment data is processed. The next town on this list is Wilton. Connecticut - Forbes Connecticut towns make Bloomberg list of richest places Here's The Richest Town In Connecticut | Darien, CT Patch The median home value in Easton is over $772,758 making it one of the most expensive places to live in Connecticut. After Riverside and Greenwich, the next four richest towns are Darien ($599,920), New Canaan ($532,440), Old Greenwich ($530,250), and Rowayton ($422,210). Home to some of the most affluent residents in Connecticut, Westport has a median household income of $206,466. 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. If you plan to buy a home in New Canaan, the average price is $1.36 million. It has a population of 33,900 residents. Want to learn more about Riverside? Its smaller than Ridgefield but slightly more affluent. Gov. Westport residents live a good work-life balance with an average commute time of 44 minutes. Check them out: What are the oldest towns in Connecticut? Shelton. Use Next and Previous buttons to navigate. There are many things to do including going to the beach and shopping at the local malls. Fairfield County is very close to New York City. The town is also known for having excellent public schools. Only 4% of the homes in the community are available for rent. The rankings are based on income and home value. The town has attracted the rich and famous . It is located about 29 miles northeast of New York City, offering residents an easy commute to the city. Most of the properties in Riverside are primarily owner-occupied (80%) with only 20% rentals. Shelton places in the number two spot with a median income of $87,277. Riverside Profile Page with Infographics. Located on Long Island Sound, Southport is a charming seaside community with a vibrant downtown area and beautiful beaches. 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. Most of the residents have gainful employment with high-paying jobs. 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 10 Richest Cities In Connecticut For 2023 - HomeSnacks A CT bill would expand it fur, Is CT recycling going into the trash? Head out on a fun getaway to these spots: Thank you! All Rights Reserved. They found this lovely old city during the Covid-19 pandemic and relocated for a safer and serene place to live. Four Connecticut towns made the top 50 list (well, three depending on how you look at it): Darien, Old Greenwich, Riverside (Greenwich) and Westport. Are you surprised by this list of the richest cities in Connecticut? Test performance scores in public schools are ranked as excellent. With fancy city names like Windsor and Danbury, Connecticut seems to ooze wealth around every corner. Westport residents are well educated with 78% of residents having obtained a bachelors degree or higher. The towns population is under 21,742 people, yet it is home to at least seven country clubs and three golf courses. The unemployment rate in this city is 10% and the poverty rate is 9.6%. 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. Matter of fact, its because there are a bunch of well-to-do people that call this New England state home. 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! Related: The 10 Wealthiest Neighborhoods in San Francisco. That ratio steadily has been. 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. The most affluent settled in the area to enjoy its beautiful beaches and other luxury amenities. Above is a fundraiser at the famous Glass House in New Canaan. Point 2 Point Homes picked up on the city of Avon, whereas many other demographics lists didnt give them a second look. And out of all the towns in Connecticut, none are wealthier than Greenwich in Fairfield County. 14 Richest Towns in Connecticut Darien Riverside Westport Old Greenwich Wilton Weston Greenwich Southport New Canaan Avon Ridgefield Stamford Woodbridge Essex 1. Darien is a small town on Connecticut's gold coast that is home to approximately 6,759 people. Westport Profile Page with Infographics. Chris Kolmar has been in the real estate business for almost ten years now. How Much Are Closing Costs in Texas & Who Pays Them. In fairness, the high prices arent unjustified. The Easton School District offers many different programs including art, music, and sports. 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. Southport is an affluent town in Connecticut. In fairness, you do get a lot of return for your investment. 10. The information presented in this article are based on data from theUS Census American Community SurveyandRedfin. Expensive homes and big salaries arent the only things the population of this small city get to enjoy: with New York City just a stones throw away, a close-knit community, prestigious schools, safe streets, and plenty of green areas, its every bit as desirable as it is wealthy. Suburbs 101is an insiders guide to suburban living. Ridgefield offers something for everyone from great schools to recreation for the whole family. 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. 79.4% of the community are US-born citizens, with 11.73% born in other countries. It is a picture-perfect neighborhood in the Town of Greenwich with beaches, highly rated schools, and an easy train ride to NYC. Unfortunately, however, there can be only one Connecticut place thats worthy of the HomeSnacks crown. The next richest town in Connecticut is Ridgefield. Gold Coast (Connecticut) - Wikipedia Ridgefield is also home to several conservation areas and preserves that provide a haven for wildlife such as deer, foxes, wild turkeys, and hawks. Easton has excellent schools both public and private schools are available. Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. There are also several golf courses in town that draw a lot of people from around the world. 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 town is home to many Fortune 500 companies such as General Electric and Terex Corporation. Were just going to leave this right here. Its a great place to raise kids, with top-rated schools and safe streets. The Population is 27,141, with an average rent of $2,724 if youre not a homeowner. A Bloomberg report is out on the 100 richest towns in America, and four towns in Connecticut made the list. 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: The fourth wealthiest town in Connecticut is Old Greenwich. Redding, Connecticut, is a small city with a population of 9,110. Greenwich residents are well-educated, with 70.6% having completed at least a bachelors degree. Ned Lamont and General Assembly leaders to to focus on offsetting a potential property tax Armageddon. A town covered in vibrant nature, Avon is one of the richest towns in Connecticut. Read on to discover the 14 richest towns in Connecticut in 2022. Its also one of the wealthiest towns in Connecticut, with a median annual income per family of $180,057. 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. It has an average household income of $234,152 and 6,611 residents. 10 Wealthiest Towns in Connecticut (2023) - Suburbs 101 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. 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. The town has a population of about 10,278 (2020) people and has a median age of 42 years old. The states Atlantic coast is to the east, while the Gulf of Mexico coastline is to the west. Groton rounds out the list of richest cities in the number ten spot. 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. Editors Note: Data has been updated for 2023. 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 20 Worst Places to Live if you Have Arthritis in The U.S. New Canaan is one of the wealthiest towns and among the best places to live in Connecticut. Living there isnt cheap, though. And that makes living in the state expensive. The town has a thriving arts community and many of its residents are involved in local government or volunteer activities. 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. Other areas of wealth in the state include suburbs surrounding New Haven and Hartford, as well as pockets of Litchfield County . Darien residents live a good work-life balance with an average commute time of 39 minutes. Westport is in the top five most affluent cities in Connecticut for 2022. The unemployment rate is 3%, which beats the state average by 4.1%. The average commute time from home to work is 23.6 minutes, suggesting ample employment opportunities in South Glastonbury. The average value of a home is just under $800,000, which is on par with the average household income. 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. The unemployment rate, as of 2022, is 3.3%, far lower than the state unemployment rate of 4.1%. Riverside has a population of 8,843. Redding has a median home sales price of $1,030,000 and a median household income of $138,125. What are the richest towns in Connecticut? Visit Bloomberg for the full report. Southport isnt the kind of city where keeping up with the neighbors comes cheaply. If you live in, Fairfield County's Norwalk, CT is the third richest city in the Nutmeg State. If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already. Home to some of the most affluent residents of Connecticut, Weston has a median household income of $222,535. 20. In a city with a population of 52,005, the median income came in at $81,971. Haar: Wealthy towns make CT cannabis list of 'impacted areas' Lidia has more than 10 years experience in news and digital media and holds a degree in journalism from the University of Connecticut. We aim to deliver bite-sized pieces of infotainment about where you live. Wilton is also known as the village because of its quaint feel with many historic homes and buildings. The high demand is getting harder to find places for sale. 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. 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). According to the report, the four towns are Darien, Old Greenwich, Riverside, and . Property values are high, the median sales price is $1,029,000. South Glastonbury, CT Annual household income: $135,596, 18. Westport has a thriving luxury real estate market with the median sales price in Westport at $1,796,000. The median household income in New Canaan is $214,977. Home to over 136,309 people, Stamford is the richest city in Connecticut. If you want to live in one of Connecticuts richest places, youre going to need to make upwards of $59,791/year. This Is The Wealthiest Town In Connecticut 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. 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). 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 median income is $80,896. If you can swallow up those property prices, theres a good chance youll be rewarded with an income in the region of $222,535. Its a peaceful town thats a great place for people who want to get away from hectic city life and enjoy nature. Avons diversity rate is better than most of its neighboring communities. If more people are employed, the richer the future looks. Its a haven for New Yorks very rich to escape the hustle and bustle of big money firms and agencies. Only 16 states were represented in the top 100. All in all, Riverside is a town that offers a great quality of life to its citizens. Other areas of wealth in the state include suburbs surrounding New Haven and Hartford, as well as pockets of Litchfield County. 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. Fairfield offers many different types of housing options including condos, apartments, townhomes, and single-family homes. If youre curious enough, here are the poorest cities in Connecticut, according to data: Poorest: Hartford2nd Poorest: Bridgeport3rd Poorest: Waterbury. Southport, CT Annual household income: $310,831, The 10 Best Places to Live in Austin for Singles, The 20 Safest Places To Live in Tennessee, Tips on How to Use a HELOC To Buy Real Estate, The 20 Best Places to Live in Latin America. Hoping for a glimpse at some of those gorgeous views for which this town is known? The Population is 8,843 in this close-knit community. When Does a Seller Get Their Money After Closing on a House? As to which are the very wealthiest, find out now as we count down the 10 richest cities in Connecticut. Its also very well educated, with over half of its residents having a college degree. Fairfield, CT Annual household income: $139,122, 16. The 10 Richest People in Connecticut - Money Inc 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. 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. Below is a list of the wealthiest towns in Connecticut. As a sign of just how rich this coastal Connecticut city is, the median income is a massive $321,377. Westport is a popular place for New Yorkers to visit on weekends because of its close proximity to Manhattan. The unemployment rate tries to capture the prospects for more people to become rich. 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 town has the highest percentage of residents who are wealthy, at about 30 percent. The median household income is $99,791, and the average home price is $672,000. Darian is one of the richest towns in Connecticut with a median household income of nearly $243,750. 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. 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. Rentals are much higher than most, with an average of $2,443 per month for non-homeowners. Numerous tech billionaires have called the town home, including Googles Eric Schmidt, Facebooks Sheryl Sandberg and Microsofts late co-founder Paul Allen.". Ridgefield is one of the wealthiest towns in Connecticut with a median household income of 133,647. However, it is true that overall, the Nutmeg State is richer than most. All of this combines to make the local housing market expensive. 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 2018, the average household income in its Old Greenwich. 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. Riverside is home to some of the most affluent residents of Connecticut with a median household income of $215,791. The average commute time from home to work is 35.7 minutes. Related: The 10 Wealthiest Cities In Missouri. The downtown area is quaint and charming with plenty of restaurants, shops, and entertainment options. (Infographic), What are the Highest Paying Jobs in Connecticut? Save my name, email, and website in this browser for the next time I comment. Renting is a little cheaper, but not by much expect to part with around $1,886 per month for an apartment. Another one of the richest towns in Connecticut is Weston. Old Greenwich Profile Page with Infographics. The average family home retails for a massive $611,500, almost three times the . 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. To see the other wealthy places that made this list, take a look below. 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. And if you have some time on your hands, take a look at how the other 99% live in Connecticuts poorest places. The unemployment rate is slightly higher at 3.6%, with the average commute time for workers at 31.3 minutes. Fairfield County is very close to New York City. 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. Its the place where many believe this country originated, being home to the historic city of Plymouth. Four Connecticut towns made the top 50 list (well, three. The unemployment and poverty rates are 7.9% and 8.5% respectively. If you love the outdoors, check out the beautiful. Fairfield is also very safe and has low crime rates. Besides these, Colorado has ongoing employment opportunities in aviation,, Read More The 10 Cheapest Places to Live in ColoradoContinue. The city deserves its spot on the list as its well above the average US income. The average home value is $466,000, making it one of the more affordable rich neighborhoods to buy a house. A comprehensive list of Connecticuts top 10 richest cities, ranked according to median income and other key indicators of wealth. 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. Download The Entire Connecticut Ranking Data. We analyzed 21 places in Connecticut to determine where the 1% live. 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. Its a small town of 10,354. 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. [1] All data is from the 2010 United States Census and the 2011-2015 American Community Survey 5-Year Estimates.[2][3]. 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. Located in Fairfield County, Westport is an affluent town with beaches, private Country Clubs, and Yacht Clubs. She finds almost all topics she writes about interesting, but her favorite subjects are travel and food. 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. What determines the overall wealth of a city? 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. 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. >> Click through to see how each CT spot ranked as well as each household income average. The average home value is $650,400. Its median income is $58,717. The schools are among the best in the state, making them the ideal place to raise a family. Westport is one of the wealthiest towns in Connecticut. 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. HomeSnacks is reader-supported. Haub, who took over the company after the death of his brother, Karl-Erivan, is now worth an estimated $2.9 billion. The Most Affluent, Richest, High-Income Places in the US Weston Profile Page with Infographics. This site uses Akismet to reduce spam. Lidia Ryan is the managing editor of trending and features for Hearst Connecticut Media Group and is part of the digital team. Weston residents live a good work-life balance with an average commute time of 42 minutes. A wealthy enclave on Connecticut's Gold Coast, Greenwich is consistently ranked as one of the richest cities in America. The 2010 Census revealed a growth from 6.751 residents to 7,150, showing that the town is gaining its population base. 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. 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. Home prices in town are also high, ranging from $500,000 to $4,000,000. Redding, CT Annual household income: $140,995, 15. 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. Some work at private companies and governmental institutions. With a median household income of $1,471,700, this is no place for people on a shoestring budget. 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. The bright side? Learn how your comment data is processed. Richest Places in Connecticut Bottom Line, Best First Time Home Buyer Programs & Grants in NYC. 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. 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.