This site uses Akismet to reduce spam. The Population is 8,843 in this close-knit community. New Canaan is one of the wealthiest towns in Connecticut with a median sales price of $1,155,000. Its a great place to raise kids, with top-rated schools and safe streets. Check them out: What are the oldest towns in Connecticut? The downtown area is quaint and charming with plenty of restaurants, shops, and entertainment options. 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. 45.7% of the children in public schools are eligible for free or reduced lunch programs. Darians median home value sits at around $1.7M thats more than double the national average. Its come a long way in the past 10 years since the last Census. All rights reserved. As one of the Nutmeg state's oldest towns, it also represents one of the richest. 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. Fairfield, CT Annual household income: $139,122, 16. If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already. Want to learn more about Weston? Want to learn more about Riverside? School test performance scores are above average, and 9.2% of students are eligible for free or reduced lunches at school. You catch that vibe when you visit New Canaan, but its not cheap to live there. Theres a premium on living in a safe neighborhood with all the trappings of a luxurious existence. Lidia has more than 10 years experience in news and digital media and holds a degree in journalism from the University of Connecticut. Education Levels As to which are the very wealthiest, find out now as we count down the 10 richest cities in Connecticut. Some haulers caught, Arming guidance counselors? America's millionaires are flocking to smaller cities. Take a look at Most Expensively 2023. 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. Wilton, CT Annual household income: $193,292, 9. All in all, Riverside is a town that offers a great quality of life to its citizens. 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. 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. We analyzed 21 places in Connecticut to determine where the 1% live. The remaining six wealthy Connecticut communities, all in Greenwich, in order are. Four Connecticut towns made the top 50 list (well, three. 10 Wealthiest Towns in Connecticut (2023) - Suburbs 101 View Map of 25 Poorest Zipcodes in Connecticut. Learn more about the Homesnacks methods that were used to collect the data and how the statistics were calculated. Redding, CT Annual household income: $140,995, 15. However, the average house prices range from $1,5 million to $3 million. What are the richest towns in Connecticut? Unfortunately, however, there can be only one Connecticut place that's worthy of the HomeSnacks crown. What Is The Richest Town In Fairfield County? - PartyShopMaine Greenwich is another of the wealthiest towns in Connecticut. It is also one of the most diverse towns in the state, with over 50% of its residents being foreign-born. The upscale community attracts residents who commute to New York City because its easy train ride to Manhattan. Save my name, email, and website in this browser for the next time I comment. Suburbs 101is an insiders guide to suburban living. 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. 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. 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. The crime rate in this town is also very low with only 5% of residents reporting that they had been victims of crime during the last year. Besides these, Colorado has ongoing employment opportunities in aviation,, Read More The 10 Cheapest Places to Live in ColoradoContinue. The richest town in Connecticut is Darien, with a median household income of $251,200. Fairfield is a moderate-sized city in Fairfield County. In fairness, the high prices arent unjustified. Wilton is also known as the village because of its quaint feel with many historic homes and buildings. Its among the top ten. The median home value in Greenwich is over $1.5 million, and many residents work in finance and banking in NYC. Also in Fairfield County, the waterfront city of Stamford is ranked 4th on the list. Want to learn more about Westport? Fairfield County is very close to New York City. 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. While the income number is higher than that of Milford, the higher unemployment rate of 7.9% gives this city a solid second place. The city has grown over the past decade, increasing from 8,223 residents to 9,110. Westport residents are well educated with 78% of residents having obtained a bachelors degree or higher. Grace Duffield / Hearst Connecticut Media file photo Living there isnt cheap, though. In fairness, you do get a lot of return for your investment. The rankings are based on income and home value. It has an average household income of $204,792, and the home prices range between $600,000-$800,000. As at 2019, Connecticut had a per capita income of $44,496. 91.82% of the Population is white, with 87.8% white students in the public school system. You can learn more about the top ten below or skip to the end to see the rankings for all 21 places. Darian is on Long Island Sound and offers waterfront property for sale and for rent. 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. On top of all these benefits, Westport is also an attractive place for people who want to start businesses because they can get affordable office space and high-quality amenities like restaurants and nightlife. Its a great place for families and young professionals to live. 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. Darien residents are well educated with 83% of residents having obtained a bachelors degree or higher. The median home price in Essex was $651,000 in 2022. Connecticut towns make Bloomberg list of richest places . There are many factors that go into determining how rich or poor an area in Connecticut is, and the typical residents income can vary greatly from one place to another. The 2010 Census revealed a growth from 6.751 residents to 7,150, showing that the town is gaining its population base. On this Wikipedia the language links are at the top of the page across from the article title. Fairfield County is very close to New York City. 1. 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. Weston is in Fairfield County. Fairfield is also very safe and has low crime rates. Woodbridge is another wealthy Connecticut town. Chris Kolmar has been in the real estate business for almost ten years now. Other factors influencing the ranking of this city included an unemployment rate of 6.6% and a poverty rate of 7.1%. Its a peaceful town thats a great place for people who want to get away from hectic city life and enjoy nature. It also has a number of highly rated public and private schools, which can be a major plus for families with children. However, if you want to experience a slower rhythm of life in one of the richest towns in Connecticut, youll need to be prepared to pay up, as home prices are costly. New Cannan, CT Average household income: $200,203.00, 8. Let's go! On the plus side, the median income of $190,227 is equally jaw-dropping. Gov. 2015-2023 Chasing Chains, LLC. People who suffer from the pain and discomfort of arthritis can improve their symptoms by avoiding certain climates. Lidia Ryan is the managing editor of trending and features for Hearst Connecticut Media Group and is part of the digital team. The average commute time for workers is 26.5 minutes, suggesting plenty of local jobs in the citys economy. You can find out more about him on LinkedIn or his website. Until the federal government takes its regulatory role seriously and uses the big stick that it has, corporations will attempt to self-regulate M&T urged to end 'banking desert' in Bridgeport neighborhoods, 'Candlewood' horror movie drops trailer inspired by local urban legends, Four Fairfield businesses fail February health inspections, Warrant: Ex-New Fairfield 'lunch lady' sent nude images to student on Snapchat for months before sex assault, Police make up 19 of Trumbull's top 20 highest paid employees, Former CT girls soccer coach pleads guilty to sexually assaulting player, Bridgeport man broke into Norwalk homes while families slept inside, warrants said, The Best Private High Schools Near Stamford, The Best Private Preschools Near New Haven, Guide to Legal Cannabis Dispensaries in CT, Why CT waits for $95 million from OxyContin maker Purdue Pharma, HUSKY Health is helping immigrants. America's wealthiest people are starting to move into smaller cities, a new wealth report says. 14 Richest Towns in Connecticut Darien Riverside Westport Old Greenwich Wilton Weston Greenwich Southport New Canaan Avon Ridgefield Stamford Woodbridge Essex 1. The unemployment rate is low compared to the state average, and commuters spend an average of 44 minutes driving to work. To see the other wealthy places that made this list, take a look below. 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. 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. How Much Are Closing Costs in Texas & Who Pays Them. Home prices in town are also high, ranging from $500,000 to $4,000,000. Westport is one of the wealthiest towns in Connecticut. Are you surprised by this list of the richest cities in Connecticut? Its the basis on which we chose the 20 richest towns in Connecticut, and the results might surprise you. The median income in this city is $81,634. The next richest town in Connecticut is Ridgefield. With an average family income of $209,635 and a population of 18,460 inhabitants, Wilton is a relatively wealthy town. It is one of the richest towns in Connecticut, boasting a median sales price of $1,835,000. The homes in Westport are primarily owner-occupied (85%) and only 15% rentals. 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. 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 financial news and opinion site 24/7 Wall St . The average income per family is $130,268, and home prices range anywhere between $500,000 to $2 million. If you plan to buy a home in the city, the median home value is $330,100. The average renter pays $2,336 per month. 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. When you click through real estate links on our site, we earn an affiliate commission. Located in Fairfield County, Darien residents have it all- pristine beaches, private Country Clubs and Yacht clubs, a charming downtown, and an easy train ride to NYC. Because it is a coastal town, you can spend most of your time on the beach and in natural parks. Weston Profile Page with Infographics. 20. 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. The Most Affluent, Richest, High-Income Places in the US 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. Westport residents live a good work-life balance with an average commute time of 44 minutes. Unfortunately, however, there can be only one Connecticut place thats worthy of the HomeSnacks crown. If you dream of the quiet life, its ideal. Shelton places in the number two spot with a median income of $87,277. Old Greenwich Annual household income: $222,794, 2. Riverside is home to some of the most affluent residents of Connecticut with a median household income of $215,791. Stamford, CT Annual household income: $152,102, 11. Only 16 states were represented in the top 100. Old Greenwich residents live a good work-life balance with an average commute time of 38 minutes. The beautiful neighborhood is small, just 6,962, after the influx of rich business professionals. Greenwich had a median household income of $180,484 in 2021 and is known as one of the richest cities in America. In terms of per capita income, it beats the nearest competition by a huge margin of almost $4000. In 2018, the average household income in its Old Greenwich. 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. The average commute time from home to work is 31 minutes. It is located about 29 miles northeast of New York City, offering residents an easy commute to the city. Its also a better choice, Read More The 20 Best Places to Live with Low Humidity in the U.S.Continue. 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. However, it is true that overall, the Nutmeg State is richer than most. Riverside has a population of 8,843. Dana has extensive professional writing experience including technical and report writing, informational articles, persuasive articles, contrast and comparison, grant applications, and advertisement. The median home value is steep at $1,382,800 for 2022. The average value of a home is just under $800,000, which is on par with the average household income. Theres a reason this state is one of the richest in the country. COS COB, CT Annual household income: $136,261, 17. 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 less ideal, however, if your bills are already bigger than your income. Fairfield. 4 CT towns make list of 100 richest towns in America It is also one of the most expensive places to live in the country, with a median home value of $1,051,014. Newtown Borough is being credited as the richest town in the state of Connecticut. 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. The average household income in Woodbridge is $96,919, and the median home price is $595,000. It is a Fairfield County city home to many wealthy residents who enjoy private country clubs, yacht clubs, and pristine beaches. Renting is a little cheaper, but not by much expect to part with around $1,886 per month for an apartment. Its a desirable place to live if you can afford the costs. Connecticut is the wealthiest state in the United States of America in terms of per capita incomes and wealth. What is it like to live in Greenwich, CT? 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. South Glastonbury, CT Annual household income: $135,596, 18. You'll receive your first newsletter soon! 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? Related: The 10 Wealthiest Cities In New York. Most of the residents are of white ethnicity, with only 6.1% of students in the public schools eligible for free or reduced lunch. Matter of fact, its because there are a bunch of well-to-do people that call this New England state home. Its a medium-sized town that has grown to become one of the most desirable places to live in Connecticut. Southport isnt the kind of city where keeping up with the neighbors comes cheaply. Riverside residents live a good work-life balance with an average commute time of 37 minutes. Jobs are plentiful in the area, with the working Population gainfully employed except for just 3.5%. Married families in Ridgefield average an annual household income of 182,679, but the average is over $206k. The average family home retails for a massive $611,500, almost three times the . DiscoverNet | The 10 Richest Cities in Connecticut The third on the list is Westport. Rich people not your cup of tea? Although the town is small, youll find plenty of recreational venues, cafes, restaurants, and shops. Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. Its located in Fairfield County under the 06896 zip code, sharing a border with Danbury and Georgetown. Westport was third in the state, and no. The median income is $80,896. The unemployment rate tries to capture the prospects for more people to become rich. With a median household income of $129,919, it is home to approximately 25,033 people. Safest Cities In Connecticut (Updated For 2021) - HomeSnacks The communities in this city are close, and they love to sponsor community events for the residents and visitors. Redding is one of the wealthiest towns in CT. Its a small upscale community with a population of 8,765. Use Next and Previous buttons to navigate.
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