richest towns in connecticut

In a city with a population of 52,005, the median income came in at $81,971. The unemployment rate for the city is 3.6%, compared to the state average of 4.1%, and theyre doing well in securing work. View Map of 25 Poorest Zipcodes in Connecticut. Property values are high, the median sales price is $1,029,000. Hoping for a glimpse at some of those gorgeous views for which this town is known? To see the other wealthy places that made this list, take a look below. It is a Fairfield County city home to many wealthy residents who enjoy private country clubs, yacht clubs, and pristine beaches. As a sign of just how rich this coastal Connecticut city is, the median income is a massive $321,377. It has a population of 27,141. 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. There are also several golf courses in town that draw a lot of people from around the world. 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 live in, Fairfield County's Norwalk, CT is the third richest city in the Nutmeg State. The average home price in town is $780,000. When Does a Seller Get Their Money After Closing on a House? The next richest town in Connecticut is Ridgefield. However, the average house prices range from $1,5 million to $3 million. America's wealthiest people are starting to move into smaller cities, a new wealth report says. The average household income umped over $20k, but the cost of housing has also risen in this desirable community. Stamford Wikipedia/John 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. 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. When you learn that the average cost of a single-family home is $1,150,400 and the median income is $206,466, youll be left in no doubt. Ned Lamont and General Assembly leaders to to focus on offsetting a potential property tax Armageddon. Old Greenwich Profile Page with Infographics. California was the most represented with 23 cities and towns making the list. New Canaan has a small-town feel with big-city amenities. After all, rich people have really high salaries. Ridgefield offers something for everyone from great schools to recreation for the whole family. According to the most recent data, the number of people living in Ridgefield has decreased by 0.7% since 2020. Newtown Borough is being credited as the richest town in the state of Connecticut. The schools are excellent and the town is beautiful, with tree-lined streets and old-fashioned townhouses. In 2018, the average household income in its Old Greenwich. Redding has a median home sales price of $1,030,000 and a median household income of $138,125. The town is full of greenery and offers residents a tranquil vibe. The median sales price is residential sales data for 12 month period ending January 2023. Westport is one of the wealthiest towns in Connecticut. These are some, Read More The 10 Richest Zip Codes In CaliforniaContinue, Florida has the longest coastline of any state in the contiguous United States. The average renter pays $2,336 per month. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[336,280],'homesnacks_com-medrectangle-3','ezslot_2',143,'0','0'])};__ez_fad_position('div-gpt-ad-homesnacks_com-medrectangle-3-0');So, what is the richest place in Connecticut? Stamford, CT Annual household income: $152,102, 11. Living there isnt cheap, though. Most websites that report demographics for Connecticut list Darian, as the richest city in the state, but World Population confirms that Southport jumped into the number one spot with an incredible average household income of $310,831. The town is partly in Hartford County, with some areas in Middlesex County. The Gold Coast, also known as Lower Fairfield County or Southwestern Connecticut not limited to the Connecticut panhandle, . If you plan to buy a home in the city, the median home value is $330,100. The result? Weston residents live a good work-life balance with an average commute time of 42 minutes. Southports location near New York City also makes it attractive for commuters working there. COS COB, CT Annual household income: $136,261, 17. Most residents have at least a bachelors degree or higher and drive an average of 42 minutes to get to work. The median house price in Westport is approximately $1.5 million. Connecticut’s per capita income was $44,496 in 2019, according to estimates. Redding is one of the wealthiest towns in CT. Its a small upscale community with a population of 8,765. The local school system is also amongst the best in the state. The average home value is $466,000, making it one of the more affordable rich neighborhoods to buy a house. 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". 20 Cities with the Worst Weather in the U.S. How Eiza Gonzalez Achieved a Net Worth of $5 Million. 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. In fairness, the high prices arent unjustified. 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 20 Richest Towns in Connecticut in 2022; Liz Flynn. Whenever any publication compiles a list of Americas richest cities, theres one name you can always count on seeing Old Greenwich. When you click through real estate links on our site, we earn an affiliate commission. The median household income at Cos Cob is $138,125. Renting is a little cheaper, but not by much expect to part with around $1,886 per month for an apartment. The average commute time from home to work is 31 minutes. Are you surprised by this list of the richest cities in Connecticut? Its also known for its rich history and is listed on the National Register of Historic Places as Woodbridge Green Historic District. They found this lovely old city during the Covid-19 pandemic and relocated for a safer and serene place to live. 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. It is a picture-perfect neighborhood in the Town of Greenwich with beaches, highly rated schools, and an easy train ride to NYC. The average commute time from home to work is 23.6 minutes, suggesting ample employment opportunities in South Glastonbury. Home prices in town are also high, ranging from $500,000 to $4,000,000. 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. The 20 Best Places to Live with Low Humidity in the U.S. 20 Cities with The Worst Weather in Europe, How Zac Stacy Achieved a Net Worth of $6 Million. Darien has a population of 21,499. The unemployment rate, as of 2022, is 3.3%, far lower than the state unemployment rate of 4.1%. All of these towns are located not too far east of Greenwich . The town has over 120 acres of open space and over 1,000 acres of parkland. Keep reading. 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. Shelton. Most of the townspeople hold bachelors degrees or higher. The average adjusted gross income is $222,660. 79.4% of the community are US-born citizens, with 11.73% born in other countries. New Canaan is expensive, even by Connecticut standards: The median home value is $1.9M, compared to $350,897 for the state overall. With a median income of $59,522, Naugatuck took ninth place. Thats right, folks, the Gold Coast didnt get its name because gold was found on Connecticuts beaches. Its a city of high-earners who live the high life enjoying their private yacht and country clubs, with access to the citys pristine beaches. The unemployment and poverty rates are 6.3% and 11.4% respectively. The communities in this city are close, and they love to sponsor community events for the residents and visitors. 25 Wealthiest Towns in the New York Suburbs, What are the Highest Paying Jobs in New York? 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. Other areas of wealth in the state include suburbs surrounding New Haven and Hartford, as well as pockets of Litchfield County. Learn how your comment data is processed. If you can swallow up those property prices, theres a good chance youll be rewarded with an income in the region of $222,535. A Bloomberg report is out on the 100 richest towns in America, and four towns in Connecticut made the list. Want to learn more about Westport? 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. Its also one of the most expensive places to live in the country, with a median home price of over $1.5 million. 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. We also looked at things that make rich people happy: fellow neighbors with high median income levels, world class educational opportunities, low crime, and posh amenities. Westport residents are well educated with 78% of residents having obtained a bachelors degree or higher. The town also boasts one of the best school systems in all of Connecticut! Weston residents are well educated with 78% of residents having obtained a bachelors degree or higher. Whether you have money to burn or are living on a budget, everyone enjoys these free activities in Connecticut. Connecticut's neighboring towns of Greenwich and Darien have a combined population of around . If you want to live in one of Connecticuts richest places, youre going to need to make upwards of $59,791/year. Inflation-adjusted household income is one of the factors. Like we said earlier, when we set out to identify the richest places in Connecticut, we werent sure what wed encounter, but it ended up being some of the best places to live in Connecticut. 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. Groton rounds out the list of richest cities in the number ten spot. The unemployment rate is 3.2%, compared to the Fairfield County unemployment rate of 5.2%. Its a medium-sized town that has grown to become one of the most desirable places to live in Connecticut. The median household income in New Canaan is $214,977. 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. 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. Head to, Natalie is a writer and travel enthusiast who loves uncovering new places along the East Coast. The 20 Worst Places to Live if you Have Arthritis in The U.S. Riverside also offers residents a quick commute into NYC. Wilton is undoubtedly a wealthy community and one of the top ten richest in the state of Connecticut for 2022. Riverside Profile Page with Infographics. What determines the overall wealth of a city? 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! The bright side? 14 Richest Towns in Connecticut Darien Riverside Westport Old Greenwich Wilton Weston Greenwich Southport New Canaan Avon Ridgefield Stamford Woodbridge Essex 1. $55,137 is the median income in this city while the unemployment and poverty rates are 7.5% and 13.4% respectively. 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. Four Connecticut towns made the top 50 list (well, three depending on how you look at it): Darien, Old Greenwich, Riverside (Greenwich) and Westport. The unemployment rate is 7.3% while the poverty rate is higher at 11.2%. Darian is on Long Island Sound and offers waterfront property for sale and for rent. Rentals are much higher than most, with an average of $2,443 per month for non-homeowners. The unemployment and poverty rates are 7.9% and 8.5% respectively. OnlyInYourState may earn compensation through affiliate links in this article. Old Greenwich Annual household income: $222,794, 2. 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. As to which are the very wealthiest, find out now as we count down the 10 richest cities in Connecticut. [1] All data is from the 2010 United States Census and the 2011-2015 American Community Survey 5-Year Estimates.[2][3]. Ridgefield is also home to several conservation areas and preserves that provide a haven for wildlife such as deer, foxes, wild turkeys, and hawks. Head out on a fun getaway to these spots: Thank you! If you love the outdoors, check out the beautiful. The median home price in Essex was $651,000 in 2022. Most of Connecticut's wealth is concentrated in Fairfield County, which contains many affluent suburbs in Connecticut. It's also very well educated, with over half of its residents having a college degree. It's also home to the state's only national historic site, Weir Farm. Greenwich had a median household income of $180,484 in 2021 and is known as one of the richest cities in America. Its also one of the wealthiest towns in Connecticut, with a median annual income per family of $180,057. The small community has a population of 7,586 residents. The average value of a home is just under $800,000, which is on par with the average household income. Richest Places in Connecticut Bottom Line, Best First Time Home Buyer Programs & Grants in NYC. 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 average family home retails for a massive $611,500, almost three times the national average. 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. Research has shown that the climate of a location does have an impact on persons with moderate, Read More The 20 Worst Places to Live if you Have Arthritis in The U.S.Continue, If your dream is to live or explore in the wealthiest neighborhoods, California is the state for you. (Infographic), What are the Highest Paying Jobs in Connecticut? 89.3% of the homes are occupied by their owners, with 10.7% as rentals. 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. The downtown area is quaint and charming with plenty of restaurants, shops, and entertainment options. Most of the properties in Riverside are primarily owner-occupied (80%) with only 20% rentals. Actual ranking depends on what metrics are used, but in general, Connecticut ranks within the five wealthiest states in the country. Stamford is situated only 30 miles north of NYC, so it offers residents unparalleled access to the city. It has an active social scene and boasts an impressive collection of restaurants, shops, and entertainment venues. 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. 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. The second wealthiest town in Connecticut is Riverside. 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. Most Dangerous Neighborhoods in Washington DC. Westport is one of the richest towns in Connecticut with a median household income of $222,375. Darien is a small town on Connecticuts gold coast that is home to approximately 6,759 people. 1. 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. It is a charming seaside neighborhood that is in the Town of Greenwich with waterfront homes and private beaches. Connecticut is no ones idea of a poor state. The town has the highest percentage of residents who are wealthy, at about 30 percent. 6. 96% of the residents are homeowners with a median home value of $868,200. Wilton is also known as the village because of its quaint feel with many historic homes and buildings. Fairfield County is very close to New York City. Her works have been featured on Good Housekeeping,Next Luxury,Wanderlog,NurseJournal,NewsBreak,ThaiWare,and Yahoo. If youre curious enough, here are the poorest cities in Connecticut, according to data: Poorest: Hartford2nd Poorest: Bridgeport3rd Poorest: Waterbury. With its quaint downtown, beautiful homes, and friendly people, its no wonder that Ridgefield was named one of the top 100 small towns in America by Money magazine! . Its a desirable place to live if you can afford the costs. The information presented in this article are based on data from theUS Census American Community SurveyandRedfin. New Cannan, CT Average household income: $200,203.00, 8. The Population is 8,843 in this close-knit community. Its also very well educated, with over half of its residents having a college degree. The average income per family is $130,268, and home prices range anywhere between $500,000 to $2 million. Also in Fairfield County, the waterfront city of Stamford is ranked 4th on the list. 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. Related: The 10 Wealthiest Neighborhoods in San Francisco. Darian, CT Annual household income: $232,523, 1. If more people are employed, the richer the future looks. 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. 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). Located on Connecticut's Gold Coast, Greenwich is a financial powerhouse and also an exciting place to visit.

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