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. Fairfield is one of the richest towns and among the best places to live in Connecticut. According to Wikipedia, Granby is a rural town, located in the foothills of the Litchfield Hills of the Berkshires, besides the suburban natured center, the outskirts of town are filled with dense woods and rolling hills and mountains. Home to some of the most affluent residents in Connecticut, Westport has a median household income of $206,466. Only 15% of the residents rent because most people there are homeowners. Most homes were built in 1965 when the community saw its largest growth spurt. Avons diversity rate is better than most of its neighboring communities. Learn more about the Homesnacks methods that were used to collect the data and how the statistics were calculated. Jobs are plentiful in the city with a population of 7,453. Theres a premium on living in a safe neighborhood with all the trappings of a luxurious existence. Only 16 states were represented in the top 100. (Infographic), What are the Highest Paying Jobs 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. Westport, CT Annual household income: $222,535, 4. When Does a Seller Get Their Money After Closing on a House? The town has the highest percentage of residents who are wealthy, at about 30 percent. 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. A median income that sits at a mammoth $352,839. 10. The town center village is listed as a historic district on the National Register of Historic Places. Love Connecticut? Its also home to some of the most expensive homes in the state. The financial news and opinion site 24/7 Wall St . Fairfield County is very close to New York City. The average price of a home is $611,500, nearly three times the national average. 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. 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. All of these towns are located not too far east of Greenwich . The 20 Richest Towns in Connecticut in 2022; Liz Flynn. This is a carousel. Although the town is small, youll find plenty of recreational venues, cafes, restaurants, and shops. The richest places in Connecticut are a lot like expensive diamonds; but, dont get it twisted, they are not by any means the diamonds in the rough. Ridgefield, CT Annual household income: $206,560, 6. How Much Are Closing Costs in Texas & Who Pays Them. With a median income of $59,522, Naugatuck took ninth place. The downtown area is quaint and charming with plenty of restaurants, shops, and entertainment options. Ranks #10 in Cheapest Places To Live In Connecticut Map Of Milford, CT Best Places Around Milford 1 Mount Sinai, NY Population 10,446 2 Sound Beach, NY Population 7,080 3 Port Jefferson, NY Population 8,016 4 Orange, CT Population 13,928 5 North Haven, CT Population 23,665 6 Shelton, CT Population 41,162 7 East Haven, CT Population 28,645 8 Weston Profile Page with Infographics. Wealthiest Towns in CT Final - Suburbs 101. The rankings are based on income and home value. According to the most recent data, the number of people living in Ridgefield has decreased by 0.7% since 2020. Stamford is a city in Fairfield County with a population of 14,499. Its a medium-sized town that has grown to become one of the most desirable places to live in Connecticut. Milford grabbed the top place in this list of richest cities. The median income in Bristol is $61,551 while the unemployment rate is 7.8% and the poverty rate is 10.3%. Newtown Borough is being credited as the richest town in the state of Connecticut. A handful of factors, from the number of businesses in an area to its median income, have an impact on whether residents are thriving or struggling financially. Use Next and Previous buttons to navigate. Its also far below the national average rate of 3.9%. The average income per family is $130,268, and home prices range anywhere between $500,000 to $2 million. Look here. 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. Inflation-adjusted household income is one of the factors. Unfortunately, however, there can be only one Connecticut place that's worthy of the HomeSnacks crown. It is a picture-perfect neighborhood in the Town of Greenwich with beaches, highly rated schools, and an easy train ride to NYC. In Old Greenwich, homes are primarily owner-occupied (84%) and only 16% of homes in Old Greenwich are rentals. Wilton is undoubtedly a wealthy community and one of the top ten richest in the state of Connecticut for 2022. Living in New Canaan is like being surrounded by family. Despite its small size, it is home to 18,932 people. The most charming small towns in Connecticut are perfect for a day trip or a new home. Visit Bloomberg for the full report. There are also several golf courses in town that draw a lot of people from around the world. 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. 96% of the residents are homeowners with a median home value of $868,200. The average home value is $650,400. Easton has excellent schools both public and private schools are available. In addition to having a high income, Wilton residents also have a very low poverty rate at just 2.4%. Download The Entire Connecticut Ranking Data. Richest Places in Connecticut Bottom Line, Best First Time Home Buyer Programs & Grants in NYC. The town has a thriving arts community and many of its residents are involved in local government or volunteer activities. Most of Connecticut's wealth is concentrated in Fairfield County, which contains many affluent suburbs in Connecticut. The median household income in Riverside is $250,000, and most homes sell for over $2.5 million. Youll find parades, festivals, and occasional pop-up art exhibitions. Westport has a thriving luxury real estate market with the median sales price in Westport at $1,796,000. Related: The 10 Wealthiest Neighborhoods in San Francisco. 14 Richest Towns in Connecticut Darien Riverside Westport Old Greenwich Wilton Weston Greenwich Southport New Canaan Avon Ridgefield Stamford Woodbridge Essex 1. Save my name, email, and website in this browser for the next time I comment. The Gold Coast, also known as Lower Fairfield County or Southwestern Connecticut not limited to the Connecticut panhandle, . In fairness, the high prices arent unjustified. 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. Easton has a thriving downtown area with many restaurants, shops, and entertainment options. It is located about 29 miles northeast of New York City, offering residents an easy commute to the city. Numerous tech billionaires have called the town home, including Googles Eric Schmidt, Facebooks Sheryl Sandberg and Microsofts late co-founder Paul Allen.". Editors Note: Data has been updated for 2023. The average commute time from home to work is 23.6 minutes, suggesting ample employment opportunities in South Glastonbury. Theres a reason this state is one of the richest in the country. Darien is a small town on Connecticuts gold coast that is home to approximately 6,759 people. Riverside Profile Page with Infographics. While the income number is higher than that of Milford, the higher unemployment rate of 7.9% gives this city a solid second place. Greenwich is another of the wealthiest towns in Connecticut. Fairfield County town is one of the most desirable places to live if you have the financial means. 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. Its a socioeconomically Upper Middle-Class city with a median household income of $136,261. 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. From Hedge Fund Executives to High Profile Athletes, these wealthy Americans call Connecticut their home. The next town on this list is Wilton. Gov. Its a great place to raise kids, with top-rated schools and safe streets. What are the richest towns in Connecticut? Darien residents are well educated with 83% of residents having obtained a bachelors degree or higher. What is it like to live in Greenwich, CT? Theyre well educated, and many residents commute to the city for their jobs with an average travel time of 38 minutes. Most residents have at least a bachelors degree or higher and drive an average of 42 minutes to get to work. New Canaan is situated right next to Darien and is also one of the richest towns in Connecticut. Wilton, CT Annual household income: $193,292, 9. The streets are safe, and the schools are highly rated. The unemployment rate for the city is 3.6%, compared to the state average of 4.1%, and theyre doing well in securing work. 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 average household income umped over $20k, but the cost of housing has also risen in this desirable community. The average home value is $1,561,200, with 84% of the residents owning their own homes. West Simsbury has 151,104 residents as of 2022. There is a good reason that Norwalk was listed as one of the best places to live in America. Related: The 10 Wealthiest Cities In Missouri. The oldest towns in Connecticut are perfect places to visit for those who love learning about history. 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. Its also one of the wealthiest towns in Connecticut, with a median annual income per family of $180,057. The largest city in Litchfield County, Torrington, grabs the number eight spot. Were just going to leave this right here. The unemployment rate is 7.3% while the poverty rate is higher at 11.2%. 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. You can download the data here. Unfortunately, however, there can be only one Connecticut place thats worthy of the HomeSnacks crown. Ridgefield offers something for everyone from great schools to recreation for the whole family. Another one of the richest towns in Connecticut is Weston. Most of the properties in Riverside are primarily owner-occupied (80%) with only 20% rentals. The 20 most affluent places, based on places with available data, all had household incomes above $485,000. Fairfield, CT Annual household income: $139,122, 16. New Canaan is one of the wealthiest towns in Connecticut with a median sales price of $1,155,000. Weston is one of the most affluent towns in Connecticut with winding country roads and highly regarded schools. 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. 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. Fairfield is also very safe and has low crime rates. The average family home retails for a massive $611,500, almost three times the . Westport is one of the richest towns in Connecticut with a median household income of $222,375. 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. 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. 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. Middletown, a riverside city south of Hartford, takes the 6th place spot with a median income of $63,828. The average home price in Southport is $600,000. All in all, Riverside is a town that offers a great quality of life to its citizens. Some work at private companies and governmental institutions. Darian, CT Annual household income: $232,523, 1. The city has magnificent homes with long driveways accessible through winding country roads and beautiful landscapes. As of the 2020 census, the population was 1,710. School test performance scores are above average, and 9.2% of students are eligible for free or reduced lunches at school. This time the list is from Bloomberg. You catch that vibe when you visit New Canaan, but its not cheap to live there. Get the inside scoop on what its really like to live in the suburbs through our interviews with local suburbanites and features on Food, Fashion, Home, Garden, Travel, Pets, Real Estate and Local Events. Related: The 10 Wealthiest Cities In North Carolina. Westport Profile Page with Infographics. Its got a population of just over 20,249 (2020) people, but it feels much smaller than that. The median home value in Easton is over $772,758 making it one of the most expensive places to live in Connecticut. Stamford, CT Annual household income: $152,102, 11. Westport residents are well educated with 78% of residents having obtained a bachelors degree or higher. It has an average household income of $234,152 and 6,611 residents. Its less ideal, however, if your bills are already bigger than your income. There is a good reason that Norwalk was listed as one of the. 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. Essex is situated near the Connecticut river, a few miles north of some of the states best beach towns. The chart below shows the most common races living in the richest cities in Connecticut: 81.94% White 6.79% Hispanic 5.95% Asian 3.30% Two or more races 1.63% Black/African American 0.33% Other 0.07% Native 0.01% Hawaiian/Pacific Islander This shows that the most common race across the richest cities in Connecticut is "White". 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 well take a look at 10 of the richest cities in Connecticut as of 2022 so you can get an idea of what makes them thrive and how you can take advantage of them. The Easton School District offers many different programs including art, music, and sports. It is a Fairfield County city home to many wealthy residents who enjoy private country clubs, yacht clubs, and pristine beaches. Fairfield County's Norwalk, CT is the third richest city in the Nutmeg State. People who live and work in Easton have a slightly higher income level. Related: The 10 Wealthiest Cities In California. 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. It has a population of 33,900 residents. CT proposal causes confusion, concern. 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. Just 16% of the homes are rentals. The local school system is also amongst the best in the state. The town has a population of about 10,278 (2020) people and has a median age of 42 years old. In terms of per capita income, it beats the nearest competition by a huge margin of almost $4000. Head to, Natalie is a writer and travel enthusiast who loves uncovering new places along the East Coast. The states Atlantic coast is to the east, while the Gulf of Mexico coastline is to the west. . Westport is a popular place for New Yorkers to visit on weekends because of its close proximity to Manhattan. People love to enjoy life and share it with family, friends, and neighbors. In fairness, you do get a lot of return for your investment. Located on Long Island Sound, Southport is a charming seaside community with a vibrant downtown area and beautiful beaches. 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. 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. Renters pay an average of $1,361 per month. If the thought of paying $868,200 for a home makes you feel queasy, you might want to give Weston a miss. If you dream of the quiet life, its ideal. All of this combines to make the local housing market expensive. Youll find a community of 1,300 Wall Street execs and affiliates living in Old Greenwich, Connecticut. The median home value is steep at $1,382,800 for 2022. The unemployment rate tries to capture the prospects for more people to become rich. With a median income of $187,917 and a median home value of $703,200, this is a city of big paychecks, big houses, and big cars. Because it is a coastal town, you can spend most of your time on the beach and in natural parks. Riverside is one of the wealthiest communities in Connecticut. 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. The median sales price of homes in Riverside is $834,000. There are many things that families love about living in Wilton including its great school system, safe neighborhoods, and access to shopping centers. Most Expensively 2023. Learn how your comment data is processed. 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. With a median household income of $1,471,700, this is no place for people on a shoestring budget. And if you have some time on your hands, take a look at how the other 99% live in Connecticuts poorest places. We love the detailed statistics that give us a clear snapshot of the socioeconomic dynamics of the city. The communities in this city are close, and they love to sponsor community events for the residents and visitors. Connecticut is home to some of the wealthiest people in America. 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. 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. Its also very well educated, with over half of its residents having a college degree. To see the other wealthy places that made this list, take a look below. 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. The first thing that comes to most peoples minds when they think about determining the richest places is to simply identify personal incomes. 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. The average home price in Old Greenwich is $1.8 million. It has a population of 27,141. The Census ranks individual city wealth by a formula that averages the household incomes, including the adjusted gross income and the average household income. With a median household income of $129,919, it is home to approximately 25,033 people. Its a small town of 10,354. Her works have been featured on Good Housekeeping,Next Luxury,Wanderlog,NurseJournal,NewsBreak,ThaiWare,and Yahoo. The Population for 2020 was 1,797, but it has grown to 1,839 for 2022. Liz loves the process of researching information, learning new things, and putting into words . We suspect that the recent pandemic took a toll on residents who lost their jobs, with some forced to relocate for more affordable housing. 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. Point 2 Point Homes advises that the small community of 8,779 people has an average household income of more than $200k per year. Old Greenwich Annual household income: $222,794, 2. However, it is true that overall, the Nutmeg State is richer than most. Its located in Fairfield County under the 06896 zip code, sharing a border with Danbury and Georgetown. The unemployment rate is slightly higher at 3.6%, with the average commute time for workers at 31.3 minutes. The median household income in Wilton is $204,473 which is over twice as much as the state average of $79,043. 2015-2023 Chasing Chains, LLC. The average commute time from home to work is 31 minutes. the average home value is $1,471,700. Lidia has more than 10 years experience in news and digital media and holds a degree in journalism from the University of Connecticut. Its also home to the states only national historic site, Weir Farm. Riverside is home to some of the most affluent residents of Connecticut with a median household income of $215,791. OnlyInYourState may earn compensation through affiliate links in this article. 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. 4.2% of public school students are eligible for free or reduced lunch, and test performance in the public schools for Redding is excellent. West Simsbury, CT Annual household income: $109,590, 19. 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. 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. Point 2 Point Homes picked up on the city of Avon, whereas many other demographics lists didnt give them a second look. Southports location near New York City also makes it attractive for commuters working there. The poverty rate is remarkably low at 1.12%, with median rent at $1,832 per month. Its smaller than Ridgefield but slightly more affluent. Redding, CT Annual household income: $140,995, 15. 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!