richest towns in connecticut

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. 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. Let us take a look at some of the richest towns in Connecticut that make up the per capita income. The average commute time from home to work is 31 minutes. Want to know where Connecticuts 17 billionaires and 122,000 millionaires live? 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. All in all, Riverside is a town that offers a great quality of life to its citizens. The majority are white-collar workers, just 4.96% in the blue-collar classification. Four Connecticut towns made the top 50 list (well, three depending on how you look at it): Darien, Old Greenwich, Riverside (Greenwich) and Westport. 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. Until the federal government takes its regulatory role seriously and uses the big stick that it has, corporations will attempt to self-regulate M&T urged to end 'banking desert' in Bridgeport neighborhoods, 'Candlewood' horror movie drops trailer inspired by local urban legends, Four Fairfield businesses fail February health inspections, Warrant: Ex-New Fairfield 'lunch lady' sent nude images to student on Snapchat for months before sex assault, Police make up 19 of Trumbull's top 20 highest paid employees, Former CT girls soccer coach pleads guilty to sexually assaulting player, Bridgeport man broke into Norwalk homes while families slept inside, warrants said, The Best Private High Schools Near Stamford, The Best Private Preschools Near New Haven, Guide to Legal Cannabis Dispensaries in CT, Why CT waits for $95 million from OxyContin maker Purdue Pharma, HUSKY Health is helping immigrants. And out of all the towns in Connecticut, none are wealthier than Greenwich in Fairfield 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. This time the list is from Bloomberg. 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. According to homes.com, Ridgefield is one of the most expensive places in Connecticut to buy a home. 6. 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. 91.82% of the Population is white, with 87.8% white students in the public school system. Westport residents are well educated with 78% of residents having obtained a bachelors degree or higher. The Population for 2020 was 1,797, but it has grown to 1,839 for 2022. On the plus side, the median income of $190,227 is equally jaw-dropping. Darian If you want to live in Darian, you'd better start saving. Weston has been named one of the best places to live by Money Magazine, and it has consistently been ranked as one of the safest towns in Connecticut. 9. To keep this list focused on city-sized spots, only communities with more than 9,000 people were considered, including the lovely Norwalk, Connecticut. If you can afford a mortgage, its the better way to go in Fairfield. Also in Fairfield County, the waterfront city of Stamford is ranked 4th on the list. Its a socioeconomically Upper Middle-Class city with a median household income of $136,261. 4.2% of public school students are eligible for free or reduced lunch, and test performance in the public schools for Redding is excellent. Its in Hartford County. 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. The average household income umped over $20k, but the cost of housing has also risen in this desirable community. Ridgefield offers something for everyone from great schools to recreation for the whole family. Avons diversity rate is better than most of its neighboring communities. Avon, CT Annual household income: $187,080, 10. Some haulers caught, Arming guidance counselors? Southport has a long history as a summer resort and residential community. The average home value is $1,561,200, with 84% of the residents owning their own homes. 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. 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. Matter of fact, its because there are a bunch of well-to-do people that call this New England state home. Weston is also one of the best places in Connecticut to raise a family. 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. Its less ideal, however, if your bills are already bigger than your income. Its safe, with a low crime rate. The town has attracted the rich and famous . In addition to having a high income, Wilton residents also have a very low poverty rate at just 2.4%. Related: The 10 Wealthiest Cities In New York. America's wealthiest people are starting to move into smaller cities, a new wealth report says. In Essex Village, the median income for married people with families is $172,302 for married people with families, and slightly lower for unmarried with families. Rich people not your cup of tea? 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. If you plan to buy a home in New Canaan, the average price is $1.36 million. Head to, Natalie is a writer and travel enthusiast who loves uncovering new places along the East Coast. With a population of 20,622 inhabitants, the average income per household is $145,244. Its also a better choice, Read More The 20 Best Places to Live with Low Humidity in the U.S.Continue. The average adjusted gross income is $222,660. Actual ranking depends on what metrics are used, but in general, Connecticut ranks within the five wealthiest states in the country. Besides these, Colorado has ongoing employment opportunities in aviation,, Read More The 10 Cheapest Places to Live in ColoradoContinue. Certainly enough time to go to the beach after work for a picnic dinner by the water! Just 16% of the homes are rentals. The Population is 27,141, with an average rent of $2,724 if youre not a homeowner. New Canaan has a small-town feel with big-city amenities. Old Greenwich is a perfect place to live if youre looking for an upscale quiet community with excellent schools, but its not exactly pedestrian friendly when it comes to getting around town! The unemployment rate is 3%, which beats the state average by 4.1%. Its one of the areas wealthiest communities, with the median annual household income at over $215k. Inflation-adjusted household income is one of the factors. The median home value in Easton is over $772,758 making it one of the most expensive places to live in Connecticut. Point 2 Point Homes advises that the small community of 8,779 people has an average household income of more than $200k per year. The median income in Bristol is $61,551 while the unemployment rate is 7.8% and the poverty rate is 10.3%. Its smaller than Ridgefield but slightly more affluent. Easton has a thriving downtown area with many restaurants, shops, and entertainment options. Fairfield County town is one of the most desirable places to live if you have the financial means. South Glastonburys Census results show a total of 2038 households in the town. Four Connecticut towns made the top 50 list (well, three. The unemployment rate for the city is 3.6%, compared to the state average of 4.1%, and theyre doing well in securing work. Whether you have money to burn or are living on a budget, everyone enjoys these free activities in Connecticut. 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). The Census ranks individual city wealth by a formula that averages the household incomes, including the adjusted gross income and the average household income. New Canaan is one of the wealthiest towns and among the best places to live in Connecticut. The unemployment and poverty rates are 6.3% and 11.4% respectively. In 2018, the average household income in its Old Greenwich. Greenwich residents are well-educated, with 70.6% having completed at least a bachelors degree. the average home value is $1,471,700. Westport is one of the wealthiest towns in Connecticut. Her works have been featured on Good Housekeeping,Next Luxury,Wanderlog,NurseJournal,NewsBreak,ThaiWare,and Yahoo. There are also several public parks located throughout Fairfield that offer great recreational opportunities such as tennis courts, baseball fields, basketball courts, and playgrounds for kids! Living there isnt cheap, though. Westport is one of the richest towns in Connecticut with a median household income of $222,375. In fairness, you do get a lot of return for your investment. Point 2 Point Homes picked up on the city of Avon, whereas many other demographics lists didnt give them a second look. Located in Fairfield County, Westport is an affluent town with beaches, private Country Clubs, and Yacht Clubs. The largest city in Litchfield County, Torrington, grabs the number eight spot. In the last year, its got even wealthier thanks to the influx of wealthy Wall Street types that have abandoned Covid stricken New York for the attractions of this exclusive enclave according to Business Insider, over 1300 of them have made the move since the pandemic started. The most charming small towns in Connecticut are perfect for a day trip or a new home. Most homes were built in 1965 when the community saw its largest growth spurt. According to the report, the four towns are Darien, Old Greenwich, Riverside, and . Darien residents are well educated with 83% of residents having obtained a bachelors degree or higher. Jobs are plentiful in the area, with the working Population gainfully employed except for just 3.5%. Love Connecticut? Westport is a very desirable place to live as it ranks highly for safety. If you plan to buy a home in the city, the median home value is $330,100. Fairfield, CT Annual household income: $139,122, 16. The downtown area is quaint and charming with plenty of restaurants, shops, and entertainment options. Westport is a popular place for New Yorkers to visit on weekends because of its close proximity to Manhattan. What is it like to live in Greenwich, CT? It is a very safe town surrounded by greenery. 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. Its also very well educated, with over half of its residents having a college degree. As of the 2020 census, the population was 1,710. 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. Head out on a fun getaway to these spots: Thank you! Home prices in town are also high, ranging from $500,000 to $4,000,000. Riverside is home to some of the most affluent residents of Connecticut with a median household income of $215,791. 96% of the residents are homeowners with a median home value of $868,200. 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. The state is home to 91 of the US 100 most affluent zip codes. You'll receive your first newsletter soon! 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. Connecticut’s per capita income was $44,496 in 2019, according to estimates. Rentals are much higher than most, with an average of $2,443 per month for non-homeowners. Located on Connecticut's Gold Coast, Greenwich is a financial powerhouse and also an exciting place to visit. What makes some cities more prosperous than others? Bloomberg reports that in Atherton, "the cheapest house on the market is currently listed for $2.5 million, according to real estate marketplace Zillow.com. Avon is the home of 1,206 entrepreneurs. Editors Note: Data has been updated for 2023. Many of these towns are wonderful places to live due to their incredible verdant spaces and proximity to the city and ocean. Essex Village is a highly desirable community to live in for the affluent. The median income is $80,896. 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. 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. Home to some of the most affluent residents in Connecticut, Westport has a median household income of $206,466. Learn how your comment data is processed. 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. Redding, CT Annual household income: $140,995, 15. What are the richest towns in Connecticut? Wilton has impressive parks and rec programs to provide residents with many green areas to enjoy public events or family picnics. 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. Westport, CT Annual household income: $222,535, 4. 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 rankings are based on income and home value. It's also one of the most expensive places to live in the country, with a median home price of over $1.5 million. Westport is one of the richest towns in Connecticut with a median household income of $222,375. The median household income in New Canaan is $214,977. 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 median sales price is residential sales data for 12 month period ending January 2023. Darien is a small town on Connecticut's gold coast that is home to approximately 6,759 people. And if you have some time on your hands, take a look at how the other 99% live in Connecticuts poorest places. It is bordered by Rhode Island to the east, Massachusetts to the north, New York to the west, and Long Island Sound to the south. From Hedge Fund Executives to High Profile Athletes, these wealthy Americans call Connecticut their home. Whenever any publication compiles a list of Americas richest cities, theres one name you can always count on seeing Old Greenwich. Easton is a great place to raise a family because it has a good school system. Riverside Profile Page with Infographics. The bright side? 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. Easton has excellent schools both public and private schools are available. California was the most represented with 23 cities and towns making the list. If you want to live in one of Connecticuts richest places, youre going to need to make upwards of $59,791/year. West Simsbury has 151,104 residents as of 2022. The states Atlantic coast is to the east, while the Gulf of Mexico coastline is to the west. South Glastonbury is a small town with a growing population ranging from 4848 to 5651. The median home value is $766,900, making it more affordable than some other affluent communities. Riverside Profile Page with Infographics. Fairfield County towns have made yet another list of the richest places in the U.S. The median home value is steep at $1,382,800 for 2022. What determines the overall wealth of a city? Riverside residents are well educated with 73% of residents have obtained a bachelors degree or higher. Only 16 states were represented in the top 100. The oldest towns in Connecticut are perfect places to visit for those who love learning about history. In terms of per capita income, it beats the nearest competition by a huge margin of almost $4000. Stamford is situated only 30 miles north of NYC, so it offers residents unparalleled access to the city. Visit Bloomberg for the full report. Learn how your comment data is processed. There are lots of affluent communities in the Nutmeg State, and some of them are unassuming. 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. Easton, CT Annual household income: $166,875, 13. West Hartford, CT Annual household income: $142,197, 14. The average commute time from home to work is 35.7 minutes. Almost 6,300 communities met the criteria, which includes approximately 75% of total households in the U.S.". 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. 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. If you choose to rent an apartment, expect to pay an average of $1,866 monthly. 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. 10. Related: The 10 Wealthiest Cities In Missouri. It has an average household income of $204,792, and the home prices range between $600,000-$800,000. With a median income of $59,522, Naugatuck took ninth place. There are also several golf courses in town that draw a lot of people from around the world. Located in Fairfield County, Westport is an affluent town with beaches, private Country Clubs, and Yacht Clubs. Want to learn more about Westport? In Old Greenwich, homes are primarily owner-occupied (84%) and only 16% of homes in Old Greenwich are rentals. 89.3% of the homes are occupied by their owners, with 10.7% as rentals. Its an Upper-Middle-Class town with a median household income of just under $141K. Weston is in Fairfield County. 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. Most of Connecticut's wealth is concentrated in Fairfield County, which contains many affluent suburbs in Connecticut. The richest town in Connecticut is Darien, with a median household income of $251,200. The result? So, want to know where its just as difficult to Keep up with the Connecticuters as it is The Kardashians? Download The Entire Connecticut Ranking Data. Essex is situated near the Connecticut river, a few miles north of some of the states best beach towns. Learn more about the Homesnacks methods that were used to collect the data and how the statistics were calculated. For example, those with families may, Read More The 20 Best Places to Live in OklahomaContinue, Austin, Texas is a thriving city that appeals to people from all walks of life. How Much Are Closing Costs in Texas & Who Pays Them. Greenwich is synonymous with luxury real estate and wealth. The communities in this city are close, and they love to sponsor community events for the residents and visitors. West Simsbury, CT Annual household income: $109,590, 19. A wealthy enclave on Connecticut's Gold Coast, Greenwich is consistently ranked as one of the richest cities in America. In fairness, the high prices arent unjustified. 14 Richest Towns in Connecticut Darien Riverside Westport Old Greenwich Wilton Weston Greenwich Southport New Canaan Avon Ridgefield Stamford Woodbridge Essex 1. Only 15% of the residents rent because most people there are homeowners. 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.

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