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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. Is Connecticut still the richest state in the nation? Barely Stamford is situated only 30 miles north of NYC, so it offers residents unparalleled access to the city. 89.3% of the homes are occupied by their owners, with 10.7% as rentals. Home to some of the most affluent residents in Connecticut, Westport has a median household income of $206,466. View Map of 25 Poorest Zipcodes in Connecticut. Theres usually something going on for recreation and entertainment in the town and surrounding areas. With 733 . Grace Duffield / Hearst Connecticut Media file photo The village also includes a historic mill complex and dam. The median household income is $99,791, and the average home price is $672,000. With salaries like that, most residents are having no problem in keeping up with those monster mortgage re-payments. How Much Are Closing Costs in Texas & Who Pays Them. Map of 25 Wealthiest Zipcodes in Connecticut Based on Average Adjusted Gross Income. The communities in this city are close, and they love to sponsor community events for the residents and visitors. 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. 45.7% of the children in public schools are eligible for free or reduced lunch programs. Counties [ edit] Redding is one of the wealthiest towns in CT. Its a small upscale community with a population of 8,765. 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. Darien is a small town on Connecticut's gold coast that is home to approximately 6,759 people. So, want to know where its just as difficult to Keep up with the Connecticuters as it is The Kardashians? Zip Data lists West Hartford as one of the 20 richest cities in the state. Her academic degrees include AA social Sci/BA English/MEd Adult Ed & Community & Human Resource Development and ABD in PhD studies in Indust & Org Psychology. 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. New Canaan is situated right next to Darien and is also one of the richest towns in Connecticut. Located in Fairfield County, Weston has a population of 10,354. Darian, CT Annual household income: $232,523, 1. Want to learn more about Greenwich, CT? Its got a population of just over 20,249 (2020) people, but it feels much smaller than that. There are also several golf courses in town that draw a lot of people from around the world. Avon is the home of 1,206 entrepreneurs. Darians median home value sits at around $1.7M thats more than double the national average. Source: US Internal Revenue Service - 2018. Matter of fact, its because there are a bunch of well-to-do people that call this New England state home. A comprehensive list of Connecticuts top 10 richest cities, ranked according to median income and other key indicators of wealth. The average family home retails for a massive $611,500, almost three times the national average. 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 Milford, CT - HomeSnacks The town is home to many Fortune 500 companies such as General Electric and Terex Corporation. 20% of the residents pay rent, with 80% owning their homes. 6. The average commute time from home to work is 35.7 minutes. The average home value is $1,150,400. Related: The 10 Wealthiest Neighborhoods in San Francisco. The Population is 27,141, with an average rent of $2,724 if youre not a homeowner. Old Greenwich residents live a good work-life balance with an average commute time of 38 minutes. 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. 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. Most of the townspeople hold bachelors degrees or higher. Only 4% of the homes in the community are available for rent. The 10 Most Expensive Places To Live In Connecticut For 2023 - HomeSnacks Other areas of wealth in the state include suburbs surrounding New Haven and Hartford, as well as pockets of Litchfield County. Want to learn more about Old Greenwich? Connecticut - Forbes 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. 4.2% of public school students are eligible for free or reduced lunch, and test performance in the public schools for Redding is excellent. There is a good reason that Norwalk was listed as one of the best places to live in America. Its a socioeconomically Upper Middle-Class city with a median household income of $136,261. Essex is situated near the Connecticut river, a few miles north of some of the states best beach towns. 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. Old Greenwich residents are well educated with 80% of residents have obtained a bachelors degree or higher. But its worth it because Connecticut has some of the best opportunities for employment with the states overall unemployment rate holding steady with the national rate. Fairfield County's Norwalk, CT is the third richest city in the Nutmeg State. Essex Village, CT Annual household income: $172,302, 12. It has an average household income of $234,152 and 6,611 residents. Its median income is $58,717. The median home value is steep at $1,382,800 for 2022. 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. 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. Located in Fairfield County, Westport is an affluent town with beaches, private Country Clubs, and Yacht Clubs. 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. Love Connecticut? 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. HomeSnacks is reader-supported. What are the richest towns in Connecticut? - Vim Buzz Riverside Profile Page with Infographics. 4 CT towns make list of 100 richest towns in America - News 12 Networks The town has a thriving arts community and many of its residents are involved in local government or volunteer activities. The financial news and opinion site 24/7 Wall St . Demographic studies show that 81.64% of the residents are white; however, only 42.4% of the children in the public schools are white, suggesting that the city is starting to diversify its demographic Population. The 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. What determines the overall wealth of a city? This time the list is from Bloomberg. Home prices in town are also high, ranging from $500,000 to $4,000,000. If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already. It's also home to the state's only national historic site, Weir Farm. What makes some cities more prosperous than others? Unexpectedly, after looking at the median income of residents, along with poverty levels and unemployment rates, we found that wealth is spread throughout the state. According to Area Vibes, the cost of living in Westport is 82% higher than the Connecticut average. Wilton has impressive parks and rec programs to provide residents with many green areas to enjoy public events or family picnics. Hoping for a glimpse at some of those gorgeous views for which this town is known? Ridgefield is one of the wealthiest towns in Connecticut with a median household income of 133,647. Darien has a population of 21,499. If you can swallow up those property prices, theres a good chance youll be rewarded with an income in the region of $222,535. 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. 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 desirable place to live if you can afford the costs. We aim to deliver bite-sized pieces of infotainment about where you live. The unemployment rate is low compared to the state average, and commuters spend an average of 44 minutes driving to work. Most of Connecticuts wealth is concentrated in Fairfield County, which contains many affluent suburbs in Connecticut. Head to, Natalie is a writer and travel enthusiast who loves uncovering new places along the East Coast. 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. 20 Cities with the Worst Weather in the U.S. How Eiza Gonzalez Achieved a Net Worth of $5 Million. Because it is a coastal town, you can spend most of your time on the beach and in natural parks. The average value of a home is just under $800,000, which is on par with the average household income. With a population of 63,518, Greenwich is an upscale community with a median household income of $180,44. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks. Easton has a thriving downtown area with many restaurants, shops, and entertainment options. 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. Southport is an affluent town in Connecticut. The average family home retails for a massive $611,500, almost three times the . 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: Its located in Fairfield County under the 06896 zip code, sharing a border with Danbury and Georgetown. Connecticut towns make Bloomberg list of richest places Connecticut’s per capita income was $44,496 in 2019, according to estimates. Head out on a fun getaway to these spots: Thank you! Easton is a great place to raise a family because it has a good school system. In terms of per capita income, it beats the nearest competition by a huge margin of almost $4000. Fairfield is a moderate-sized city in Fairfield County. The town is partly in Hartford County, with some areas in Middlesex County. Old Greenwich Profile Page with Infographics. It is a Fairfield County city home to many wealthy residents who enjoy private country clubs, yacht clubs, and pristine beaches. . Its also home to some of the most expensive homes in the state. New Canaan is one of the wealthiest towns in Connecticut with a median sales price of $1,155,000. Test performance scores in public schools are ranked as excellent. Its a small town of 10,354. It's also very well educated, with over half of its residents having a college degree. 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. The town is full of greenery and offers residents a tranquil vibe. Most of Connecticut's wealth is concentrated in Fairfield County, which contains many affluent suburbs in Connecticut. Its also a great place for students who want to attend college because it has many colleges and universities nearby such as the University of Connecticut, Yale University, Quinnipiac University, and Sacred Heart University. Most residents have at least a bachelors degree or higher and drive an average of 42 minutes to get to work. Southport has a long history as a summer resort and residential community. If you plan to buy a home in the city, the median home value is $330,100. New Canaan has a small-town feel with big-city amenities. Here are the wealthiest towns in Connecticut. The homes in Darien are primarily owner-occupied (87%) with only 13% rentals. Let's go! It is also one of the most expensive places to live in the country, with a median home value of $1,051,014. The 20 most affluent places, based on places with available data, all had household incomes above $485,000. Darian will be the second wealthiest city in Connecticut in 2022. Redding residents enjoy a peaceful life in a rural setting, away from the hustle and bustle of city living, yet still within a 1.5 hour drive to Manhattan. The 20 Richest Towns in Connecticut - moneyinc.com 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. 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). Only 16 states were represented in the top 100. The upside to all those sky-high prices is a median income that ranks as one of the highest in the state. It has a population of 33,900 residents. The unemployment and poverty rates are 7.9% and 8.5% respectively. The town has attracted the rich and famous . We begin our exploration of the best places to live in Connecticut for 2022 with Shelton, a city of 41,162 located between Bridgeport and New Haven. The average household income in Woodbridge is $96,919, and the median home price is $595,000. 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. In fairness, the high prices arent unjustified. Westport is a very desirable place to live as it ranks highly for safety. 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. Education Levels Avon, CT Annual household income: $187,080, 10. 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. You can download the data here. 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. Want to know where Connecticuts 17 billionaires and 122,000 millionaires live? Darian is one of the richest towns in Connecticut with a median household income of nearly $243,750. The unemployment rate for the city is 3.6%, compared to the state average of 4.1%, and theyre doing well in securing work. Read on to discover the 14 richest towns in Connecticut in 2022. The 20 Most Affordable Places to Live in Connecticut - Money Inc Wilton is undoubtedly a wealthy community and one of the top ten richest in the state of Connecticut for 2022. The median household income in Riverside is $250,000, and most homes sell for over $2.5 million. It also has a number of highly rated public and private schools, which can be a major plus for families with children. 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. >> Click through to see how each CT spot ranked as well as each household income average. The bright side? The 10 Richest People in Connecticut - Money Inc This small coastal town is the perfect place for raising children, and you can enjoy plenty of outdoor activities, especially walking in nature. That ratio steadily has been. California was the most represented with 23 cities and towns making the list. Fairfield, CT Annual household income: $139,122, 16. We analyzed 21 places in Connecticut to determine where the 1% live. The unemployment rate is 3%, which beats the state average by 4.1%. The town center village is listed as a historic district on the National Register of Historic Places. New Canaan is expensive, even by Connecticut standards: The median home value is $1.9M, compared to $350,897 for the state overall. Well, HomeSnacks crunched the numbers and discovered that Stamford is the most expensive place to live in Connecticut. Westport residents are well educated with 78% of residents having obtained a bachelors degree or higher. Old Greenwich Profile Page with Infographics. The city deserves its spot on the list as its well above the average US income. People who suffer from the pain and discomfort of arthritis can improve their symptoms by avoiding certain climates. The average home price in town is $780,000. If you live in, Fairfield County's Norwalk, CT is the third richest city in the Nutmeg State. And if you have some time on your hands, take a look at how the other 99% live in Connecticuts poorest places. As of the 2020 census, the population was 1,710. 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. When you click through real estate links on our site, we earn an affiliate commission. With fancy city names like Windsor and Danbury, Connecticut seems to ooze wealth around every corner. Stamford is a city in Fairfield County with a population of 14,499. Middletown, a riverside city south of Hartford, takes the 6th place spot with a median income of $63,828. A list of the richest cities in Connecticut was released by Homesnacks and we think you might be surprised at which places made the list. There are plenty of shopping and fine dining venues in Riverside. A relatively small town, it offers the opportunity of doing great outdoor activities. Fairfield is also very safe and has low crime rates. Just 16% of the homes are rentals. Despite its small size, it is home to 18,932 people. List of Connecticut locations by per capita income - Wikipedia To find out which Connecticut cities are doing the best and why we compared the most recent data from the U.S. Census Bureau to our own city-level income data to determine Americas richest cities. It is an affluent community with a population of 18,503 people, and 75.1% of its residents have attained a bachelors degree or higher, reflecting an educated community. Home to some of the most affluent residents of Connecticut, Weston has a median household income of $222,535. 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. Use Next and Previous buttons to navigate. 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. 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 information presented in this article are based on data from theUS Census American Community SurveyandRedfin. COS COB is a Fairfield county city that extends to the border of the Stamford city limits. the average home value is $1,471,700. The small community has a population of 7,586 residents. The unemployment rate is 8.0% and the poverty rate is 8.9%. People love to enjoy life and share it with family, friends, and neighbors. Known for its luxury waterfront homes, Old Greenwich has a median sales price of $2,063,000. Editors Note: Data has been updated for 2023. The unemployment rate tries to capture the prospects for more people to become rich. The towns population is under 21,742 people, yet it is home to at least seven country clubs and three golf courses. If you love the outdoors, check out the beautiful. Below is a list of the wealthiest towns in Connecticut. 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. Four of the top 20 are places in New York, including Brookville village. When Does a Seller Get Their Money After Closing on a House? With a population of 20,622 inhabitants, the average income per household is $145,244. A Bloomberg report is out on the 100 richest towns in America, and four towns in Connecticut made the list. 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. As of December 2019 Income inequality is huge in Connecticut, with the disparity most pronounced when comparing southern towns like New Canaan and Greenwich with Hartford, the state's capital.. Whenever any publication compiles a list of Americas richest cities, theres one name you can always count on seeing Old Greenwich. Most of the residents have gainful employment with high-paying jobs. On this Wikipedia the language links are at the top of the page across from the article title. What is it like to live in Greenwich, CT? Learn how your comment data is processed. Thats right, folks, the Gold Coast didnt get its name because gold was found on Connecticuts beaches. (Infographs), What are the Highest Paying Jobs in New Jersey? Fairfield is one of the richest towns and among the best places to live in Connecticut. It is a picture-perfect neighborhood in the Town of Greenwich with beaches, highly rated schools, and an easy train ride to NYC. Redding, CT Annual household income: $140,995, 15. The state is home to 91 of the US 100 most affluent zip codes. Theyre well educated, and many residents commute to the city for their jobs with an average travel time of 38 minutes. If youre thinking about moving to Austin and youre single without a family or spouse, you might find some neighborhoods, Read More The 10 Best Places to Live in Austin for SinglesContinue. Almost 6,300 communities met the criteria, which includes approximately 75% of total households in the U.S.". Connecticut is one of the wealthiest states in the US. Old Greenwich has a population of 6,962 and a median household income of $222,794. Easton has excellent schools both public and private schools are available. The downtown area is quaint and charming with plenty of restaurants, shops, and entertainment options. 1. 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. Its a small, charming seaside community in the Town of Greenwich with a population of 6,873. Gov. The poverty rate is remarkably low at 1.12%, with median rent at $1,832 per month. Be sure toFollow Us on Instagram,Like Us on Facebook, Subscribe to our YouTube Channel,and subscribe to ourMonthly Newsletter. 91.82% of the Population is white, with 87.8% white students in the public school system. The 10 Richest Cities in Connecticut - Money Inc (and lowest paying jobs). Weston Profile Page with Infographics. Located on Connecticut's Gold Coast, Greenwich is a financial powerhouse and also an exciting place to visit.