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Its also one of the most expensive places to live in the country, with a median home price of over $1.5 million. School test performance scores are above average, and 9.2% of students are eligible for free or reduced lunches at school. Its the basis on which we chose the 20 richest towns in Connecticut, and the results might surprise you. Its median income is $58,717. The streets are safe, and the schools are highly rated. The first thing that comes to most peoples minds when they think about determining the richest places is to simply identify personal incomes. The Easton School District offers many different programs including art, music, and sports. After all, rich people have really high salaries. The town has attracted the rich and famous . It has a population of 27,141. Its a small, charming seaside community in the Town of Greenwich with a population of 6,873. If youre planning a move to Tennessee, then youll be happy to know that there are some areas that are among the most beautiful in scenery as the landscape changes from one season to another. From Hedge Fund Executives to High Profile Athletes, these wealthy Americans call Connecticut their home. The average household income in Woodbridge is $96,919, and the median home price is $595,000. 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. West Simsbury has 151,104 residents as of 2022. Four Connecticut towns made the top 50 list (well, three. Riverside is one of the wealthiest communities in Connecticut. What is it like to live in Greenwich, CT? Unfortunately, however, there can be only one Connecticut place that's worthy of the HomeSnacks crown. Ridgefield offers something for everyone from great schools to recreation for the whole family. The unemployment rate is lower than the state rate of 4.1% and the national rate of 3.9%. The median household income in Riverside is $250,000, and most homes sell for over $2.5 million. Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. 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. Old Greenwich enjoys a low crime rate and excellent public schools. Its one of the areas wealthiest communities, with the median annual household income at over $215k. 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. On the plus side, the median income of $190,227 is equally jaw-dropping. Most residents have at least a bachelors degree or higher and drive an average of 42 minutes to get to work. 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 Population is 27,141, with an average rent of $2,724 if youre not a homeowner. Woodbridge is another Connecticut hamlet passed over by statisticians pointing out the most affluent cities in Connecticut. Despite its small size, it is home to 18,932 people. Westport is a popular place for New Yorkers to visit on weekends because of its close proximity to Manhattan. Weston residents live a good work-life balance with an average commute time of 42 minutes. 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 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 unemployment rate is 8.6% and the poverty rate is 10% in this city. 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. Heck, the competition for the top ten richest places in The Constitution State was quite fierce, so to narrow down our list we decided to look at the 21 Connecticut cities with at least 9,000 residents. Easton, CT Annual household income: $166,875, 13. 10. This is our tenth time ranking the richest cities 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. California was the most represented with 23 cities and towns making the list. 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. Save my name, email, and website in this browser for the next time I comment. The median household income is just over $190K per year. 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. Riverside has a population of 8,843. 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. The benefits of living in this city are numerous, such as good schools, safe neighborhoods, and overall great lifestyle quality. What is it like to live in Greenwich, CT. Also in Fairfield County, the waterfront city of Stamford is ranked 4th on the list. The median sales price of homes in Riverside is $834,000. Check them out: What are the oldest towns in Connecticut? Fairfield County is very close to New York City. The 20 most affluent places, based on places with available data, all had household incomes above $485,000. Old Greenwich Annual household income: $222,794, 2. Located in Fairfield County, Westport is an affluent town with beaches, private Country Clubs, and Yacht Clubs. The towns population is under 21,742 people, yet it is home to at least seven country clubs and three golf courses. The average home value is $466,000, making it one of the more affordable rich neighborhoods to buy a house. The town is also home to many hedge fund managers, bankers, and lawyers. Learn how your comment data is processed. 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. Theres a premium on living in a safe neighborhood with all the trappings of a luxurious existence. 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. Want to know where Connecticuts 17 billionaires and 122,000 millionaires live? As at 2019, Connecticut had a per capita income of $44,496. Its capital is Hartford, and its most populous city is Bridgeport. 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. Map of 25 Wealthiest Zipcodes in Connecticut Based on Average Adjusted Gross Income. 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. The average commute time for workers is 26.5 minutes, suggesting plenty of local jobs in the citys economy. Related: The 10 Wealthiest Cities In New York. Its a small town of 10,354. It is located about 29 miles northeast of New York City, offering residents an easy commute to the city. [1] All data is from the 2010 United States Census and the 2011-2015 American Community Survey 5-Year Estimates.[2][3]. Wilton is surrounded by nature, offering many activities that are perfect for children and encouraging a healthy lifestyle. 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. The community is known for being tight-knit with safe streets, low unemployment rates, and top-notch schools. America's wealthiest people are starting to move into smaller cities, a new wealth report says. Riverside is home to some of the most affluent residents of Connecticut with a median household income of $215,791. There are also several golf courses in town that draw a lot of people from around the world. With a median income of $59,522, Naugatuck took ninth place. By Joselynn Chua / February 27, 2023. That ratio steadily has been. 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! Head to, Natalie is a writer and travel enthusiast who loves uncovering new places along the East Coast. 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 information presented in this article are based on data from theUS Census American Community SurveyandRedfin. Milford grabbed the top place in this list of richest cities. Inflation-adjusted household income is one of the factors. And if you want to know where these wealthy Connecticutors live, take a look below at HomeSnacks list of the richest places in The Constitution State for 2023. Its a haven for New Yorks very rich to escape the hustle and bustle of big money firms and agencies. Married families in Ridgefield average an annual household income of 182,679, but the average is over $206k. The median home value in Easton is over $772,758 making it one of the most expensive places to live in Connecticut. Thats right, folks, the Gold Coast didnt get its name because gold was found on Connecticuts beaches. The 20 Richest Towns in Connecticut in 2022; Liz Flynn. 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. 1. 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. It is also one of the most diverse towns in the state, with over 50% of its residents being foreign-born. It is a charming seaside neighborhood that is in the Town of Greenwich with waterfront homes and private beaches. Westport is in the top five most affluent cities in Connecticut for 2022. Woodbridge, CT Annual household income: $205,541, 7. Wilton is also known as the village because of its quaint feel with many historic homes and buildings. 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. 1. Wilton, CT Annual household income: $193,292, 9. Ridgefield is also home to several conservation areas and preserves that provide a haven for wildlife such as deer, foxes, wild turkeys, and hawks. The next town on this list is Wilton. Let us take a look at some of the richest towns in Connecticut that make up the per capita income. Southport is an affluent town in Connecticut. The state is home to 91 of the US 100 most affluent zip codes. Not to mention, if youre looking to get your kid into a university that produces more millionaires than the Connecticut Lottery, theres the University of Connecticut in Storrs and Yale University in New Haven. The unemployment rate in this city is 10% and the poverty rate is 9.6%. Related: The 10 Wealthiest Neighborhoods in San Francisco. Liz loves the process of researching information, learning new things, and putting into words . The median home price in Essex was $651,000 in 2022. Old Greenwich Profile Page with Infographics. 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. Feel free to check out some more reading about Connecticut: Population: 40,944Rank Last Year: 1 (No Change)Median Income: $103,647Unemployment Rate: 5.0%Poverty Rate: 6.0%More on Shelton: Real Estate|Photos, Population: 50,694Rank Last Year: 2 (No Change)Median Income: $97,951Unemployment Rate: 5.6%Poverty Rate: 4.1%More on Milford: Real Estate|Photos, Population: 134,820Rank Last Year: 3 (No Change)Median Income: $99,791Unemployment Rate: 5.5%Poverty Rate: 9.4%More on Stamford: Real Estate|Photos, Population: 31,586Rank Last Year: 4 (No Change)Median Income: $86,900Unemployment Rate: 6.1%Poverty Rate: 4.9%More on Naugatuck: Real Estate|Photos, Population: 60,733Rank Last Year: 5 (No Change)Median Income: $73,604Unemployment Rate: 5.9%Poverty Rate: 8.9%More on Bristol: Real Estate|Photos, Population: 86,197Rank Last Year: 7 (Up 1)Median Income: $74,600Unemployment Rate: 6.0%Poverty Rate: 10.6%More on Danbury: Real Estate|Photos, Population: 90,821Rank Last Year: 6 (Down 1)Median Income: $91,434Unemployment Rate: 6.6%Poverty Rate: 9.7%More on Norwalk: Real Estate|Photos, Population: 47,164Rank Last Year: 8 (No Change)Median Income: $67,485Unemployment Rate: 5.6%Poverty Rate: 11.2%More on Middletown: Real Estate|Photos, Population: 40,020Rank Last Year: 9 (No Change)Median Income: $59,791Unemployment Rate: 6.1%Poverty Rate: 10.6%More on Norwich: Real Estate|Photos, Population: 55,518Rank Last Year: 12 (Up 2)Median Income: $66,868Unemployment Rate: 8.7%Poverty Rate: 11.8%More on West Haven: Real Estate|Photos. Located on Connecticut's Gold Coast, Greenwich is a financial powerhouse and also an exciting place to visit. Its the place where many believe this country originated, being home to the historic city of Plymouth. Newtown Borough is being credited as the richest town in the state of Connecticut. The town has over 120 acres of open space and over 1,000 acres of parkland. Wealthiest Towns in CT Final - Suburbs 101. Related: The 10 Wealthiest Cities In Missouri. A median income that sits at a mammoth $352,839. Want to learn more about Westport? We suspect that the recent pandemic took a toll on residents who lost their jobs, with some forced to relocate for more affordable housing. Its a medium-sized town that has grown to become one of the most desirable places to live in Connecticut. Fairfield County town is one of the most desirable places to live if you have the financial means. 79.4% of the community are US-born citizens, with 11.73% born in other countries. Certainly enough time to go to the beach after work for a picnic dinner by the water! He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks. Westport is one of the richest towns in Connecticut with a median household income of $222,375. It has a great location, close to major highways and a short drive from New York City. The town is home to many Fortune 500 companies such as General Electric and Terex Corporation. The town has a population of about 10,278 (2020) people and has a median age of 42 years old. All of these towns are located not too far east of Greenwich . We love the detailed statistics that give us a clear snapshot of the socioeconomic dynamics of the city. It's also home to the state's only national historic site, Weir Farm. Name Census collected information for the past five years and breaks the average income levels by age group. Gov. With a median household income of $1,471,700, this is no place for people on a shoestring budget. Its come a long way in the past 10 years since the last Census. 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. Home to some of the most affluent residents of Connecticut, Weston has a median household income of $222,535. 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. Connecticut is one of the wealthiest states in the US. It has an average household income of $234,152 and 6,611 residents. 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. When you click through real estate links on our site, we earn an affiliate commission. Renting is a little cheaper, but not by much expect to part with around $1,886 per month for an apartment. The town is full of greenery and offers residents a tranquil vibe. If youre in the market for a decently sized family home, dont expect to get much change from $1,283,146 a staggering amount, even by Connecticuts standards. And out of all the towns in Connecticut, none are wealthier than Greenwich in Fairfield County. 96% of the residents are homeowners with a median home value of $868,200. Wilton has impressive parks and rec programs to provide residents with many green areas to enjoy public events or family picnics. They found this lovely old city during the Covid-19 pandemic and relocated for a safer and serene place to live. Isn't it grand to see Granby here in the top ten safest places in Connecticut. A Bloomberg report is out on the 100 richest towns in America, and four towns in Connecticut made the list. Most of Connecticuts wealth is concentrated in Fairfield County, which contains many affluent suburbs in Connecticut. Avon, CT Annual household income: $187,080, 10. The upscale community attracts residents who commute to New York City because its easy train ride to Manhattan. Most of the residents have gainful employment with high-paying jobs. 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. Darian, CT Annual household income: $232,523, 1. Its also home to the states only national historic site, Weir Farm. Stamford, CT Annual household income: $152,102, 11. In addition to having a high income, Wilton residents also have a very low poverty rate at just 2.4%. Want to learn more about Old Greenwich? All rights reserved. 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. 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. Well, HomeSnacks crunched the numbers and discovered that Stamford is the most expensive place to live in Connecticut. Darian will be the second wealthiest city in Connecticut in 2022. With a population of 63,518, Greenwich is an upscale community with a median household income of $180,44. The demographics data shows that 88.37% of the residents are white, with 83.9% of the public schools showing a student population that is 83.9% white with excellent test performance scores. We use data, analytics, and a sense of humor to determine quality of life for places across the nation. All Rights Reserved. The village also includes a historic mill complex and dam. Connecticut's neighboring towns of Greenwich and Darien have a combined population of around . What makes some cities more prosperous than others? The community is close-knit and safe, and while its not exactly the most buzzing of places, its calm serenity and lovely scenery are attractions in their own right. Stamford is a city in Fairfield County with a population of 14,499. Connecticut is no ones idea of a poor state. Fairfield County towns have made yet another list of the richest places in the U.S. 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. Keep reading. Other factors influencing the ranking of this city included an unemployment rate of 6.6% and a poverty rate of 7.1%. Liz Flynn has worked as a full-time writer since 2010 after leaving a career in education. Visit Bloomberg for the full report. If you love the outdoors, check out the beautiful. The unemployment rate, as of 2022, is 3.3%, far lower than the state unemployment rate of 4.1%. Located on Long Island Sound, Southport is a charming seaside community with a vibrant downtown area and beautiful beaches. Fairfield, CT Annual household income: $139,122, 16. 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. 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.