Connecticut is no ones idea of a poor state. 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. 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. Well, according to the latest Census data, the richest place in The Nutmeg State is Shelton. 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. 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. CT proposal causes confusion, concern. 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. America's wealthiest people are starting to move into smaller cities, a new wealth report says. It has an average household income of $204,792, and the home prices range between $600,000-$800,000. Wilton is surrounded by nature, offering many activities that are perfect for children and encouraging a healthy lifestyle. While the income number is higher than that of Milford, the higher unemployment rate of 7.9% gives this city a solid second place. Considering Connecticut isnt the cheapest state in the US to start with, that alone should give you some idea of just how rich this little city is. Fairfield, CT Annual household income: $139,122, 16. New Cannan, CT Average household income: $200,203.00, 8. The financial news and opinion site 24/7 Wall St . Matter of fact, its because there are a bunch of well-to-do people that call this New England state home. Westport residents are well educated with 78% of residents having obtained a bachelors degree or higher. Atherton, CA topped the list. West Hartford, CT Annual household income: $142,197, 14. Old Greenwich has a population of 6,962 and a median household income of $222,794. The Census revealed that 87.21% of the people living in the city are white, with 80.8 of students in the public schools listed as white. The richest town in Connecticut is Darien, with a median household income of $251,200. 10. Most residents have at least a bachelors degree or higher and drive an average of 42 minutes to get to work. 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. Shelton places in the number two spot with a median income of $87,277. In Old Greenwich, homes are primarily owner-occupied (84%) and only 16% of homes in Old Greenwich are rentals. Home to some of the most affluent residents of Connecticut, Weston has a median household income of $222,535. Rentals are much higher than most, with an average of $2,443 per month for non-homeowners. Its also home to some of the most expensive homes in the state. 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Shelton has an extremely successful economy, with the 2nd lowest poverty level and lowest unemployment rate in Connecticut, at 5.4% and 4.9% respectively. Youll find parades, festivals, and occasional pop-up art exhibitions. Its one of the areas wealthiest communities, with the median annual household income at over $215k. The third on the list is Westport. New Canaan is one of the wealthiest towns and among the best places to live in Connecticut. The median household income is $99,791, and the average home price is $672,000. 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. 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. If youre curious enough, here are the poorest cities in Connecticut, according to data: Poorest: Hartford2nd Poorest: Bridgeport3rd Poorest: Waterbury. It is located about 29 miles northeast of New York City, offering residents an easy commute to the city. There is a good reason that Norwalk was listed as one of the best places to live in America. Weston is in Fairfield County. We use data, analytics, and a sense of humor to determine quality of life for places across the nation. Thats right, folks, the Gold Coast didnt get its name because gold was found on Connecticuts beaches. Redding, CT Annual household income: $140,995, 15. 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 less ideal, however, if your bills are already bigger than your income. The schools also have state-of-the-art technology such as iPads and Smart Boards so students can learn in new ways. Westport residents live a good work-life balance with an average commute time of 44 minutes. There are plenty of shopping and fine dining venues in Riverside. Ridgefield offers something for everyone from great schools to recreation for the whole family. Ridgefield is one of the wealthiest towns in Connecticut with a median household income of 133,647. Most Expensively 2023. Its a small town of 10,354. If you plan to buy a home in the city, the median home value is $330,100. What is it like to live in Greenwich, CT. Its a medium-sized town that has grown to become one of the most desirable places to live in Connecticut. 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. Its also very well educated, with over half of its residents having a college degree. The small community has a population of 7,586 residents. Youll find a community of 1,300 Wall Street execs and affiliates living in Old Greenwich, Connecticut. The average commute time for workers is 26.5 minutes, suggesting plenty of local jobs in the citys economy. On this Wikipedia the language links are at the top of the page across from the article title. When you click through real estate links on our site, we earn an affiliate commission. Located in Fairfield County, Westport is an affluent town with beaches, private Country Clubs, and Yacht Clubs. Stamford Wikipedia/John A rain garden is an area dug slightly below the surrounding area that can catch and collect rainfall and keep it from carrying pollutants downstream. In todays world of language everything has an acronym dreamed up by some marketing or English major who feels the need to make everything, Read More Tips on How to Use a HELOC To Buy Real EstateContinue, Tucked in between North America and South America, the 20 countries that make up Latin America cover an enormous range of landscapes, climates, cultures, and traditions. Greenwich residents are well-educated, with 70.6% having completed at least a bachelors degree. 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%. OnlyInYourState may earn compensation through affiliate links in this article. The schools are among the best in the state, making them the ideal place to raise a family. 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. Keep reading. 9. Weston is also one of the best places in Connecticut to raise a family. The village also includes a historic mill complex and dam. Riverside also offers residents a quick commute into NYC. If you dream of the quiet life, its ideal. 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. Redding is one of the wealthiest towns in CT. Its a small upscale community with a population of 8,765. Fairfield is a moderate-sized city in Fairfield County. (Infographic), What are the Highest Paying Jobs in Connecticut? Riverside, CT Annual household income: $215,791, 5. West Simsbury is classified socioeconomically as an upper-middle-class zip code compared to other zip codes in Connecticut. The percentage of students eligible for participation in reduced or free lunch programs is 32.7%, which is low compared to many other cities in the state. 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. 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. What makes some cities more prosperous than others? With 733 . Fairfield County towns have made yet another list of the richest places in the U.S. Westport is one of the richest towns in Connecticut with a median household income of $222,375. It has a population of 27,141. 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. California was the most represented with 23 cities and towns making the list. Most of the residents are of white ethnicity, with only 6.1% of students in the public schools eligible for free or reduced lunch. They found this lovely old city during the Covid-19 pandemic and relocated for a safer and serene place to live. Weston residents live a good work-life balance with an average commute time of 42 minutes. 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. 83% of the residents have a bachelors degree or higher, and the unemployment rate is low. 20% of the residents pay rent, with 80% owning their homes. Its a great place to raise kids, with top-rated schools and safe streets. People love to enjoy life and share it with family, friends, and neighbors. The average adjusted gross income is $222,660. With its safe streets, world-class schools, plentiful amenities, and tempting $163,945 median income, its a great place to call home if your bank balance meets the challenge. The unemployment and poverty rates are 6.3% and 11.4% respectively. A comprehensive list of Connecticuts top 10 richest cities, ranked according to median income and other key indicators of wealth. The unemployment rate is 3%, which beats the state average by 4.1%. The Community Trail runs along the Long Island Sound and is a great place to walk or ride your bike. 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 upscale community attracts residents who commute to New York City because its easy train ride to Manhattan. The average home value is $1,561,200, with 84% of the residents owning their own homes. The oldest towns in Connecticut are perfect places to visit for those who love learning about history. The Population for 2020 was 1,797, but it has grown to 1,839 for 2022. The city is in Fairfield County, with Census Bureau statistics that list the racial majority as 89.61% white, with similar demographics in the public schools. 79.4% of the community are US-born citizens, with 11.73% born in other countries. According to the report, the four towns are Darien, Old Greenwich, Riverside, and . It is bordered by Rhode Island to the east, Massachusetts to the north, New York to the west, and Long Island Sound to the south. If you can swallow up those property prices, theres a good chance youll be rewarded with an income in the region of $222,535. Four of the top 20 are places in New York, including Brookville village. 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. Look here. All of these towns are located not too far east of Greenwich . The median household income is just over $190K per year. Other factors influencing the ranking of this city included an unemployment rate of 6.6% and a poverty rate of 7.1%. According to homes.com, Ridgefield is one of the most expensive places in Connecticut to buy a home. Newtown Borough is being credited as the richest town in the state of Connecticut. Old Greenwich Profile Page with Infographics. The remaining six wealthy Connecticut communities, all in Greenwich, in order are. Most homes were built in 1965 when the community saw its largest growth spurt. Other areas of wealth in the state include suburbs surrounding New Haven and Hartford, as well as pockets of Litchfield County . There are also many beautiful parks and green spaces throughout town. With a median household income of $129,919, it is home to approximately 25,033 people. With a population of 20,622 inhabitants, the average income per household is $145,244. 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. 2015-2023 Chasing Chains, LLC. The beautiful neighborhood is small, just 6,962, after the influx of rich business professionals. Its quiet, with a population density of just over 2,000 people per square mile about half that of New York City. 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. . You can download the data here. The average price of a home is $611,500, nearly three times the national average. 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? 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. 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 Westport? Numerous tech billionaires have called the town home, including Googles Eric Schmidt, Facebooks Sheryl Sandberg and Microsofts late co-founder Paul Allen.". The information presented in this article are based on data from theUS Census American Community SurveyandRedfin. Whether you have money to burn or are living on a budget, everyone enjoys these free activities in Connecticut. The median household income in Riverside is $250,000, and most homes sell for over $2.5 million. If you choose to rent an apartment, expect to pay an average of $1,866 monthly. 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 Above is a fundraiser at the famous Glass House in New Canaan. Learn how your comment data is processed. It is a very safe town surrounded by greenery. As to which are the very wealthiest, find out now as we count down the 10 richest cities in Connecticut. The unemployment and poverty rates are 7.9% and 8.5% respectively. Old Greenwich Profile Page with Infographics. Connecticut is the wealthiest state in the United States of America in terms of per capita incomes and wealth. The towns population is under 21,742 people, yet it is home to at least seven country clubs and three golf courses. Living in New Canaan is like being surrounded by family. Darien is a small town on Connecticuts gold coast that is home to approximately 6,759 people. The majority are white-collar workers, just 4.96% in the blue-collar classification. Her works have been featured on Good Housekeeping,Next Luxury,Wanderlog,NurseJournal,NewsBreak,ThaiWare,and Yahoo. The unemployment rate tries to capture the prospects for more people to become rich. What is it like to live in Greenwich, CT? The unemployment rate, as of 2022, is 3.3%, far lower than the state unemployment rate of 4.1%. Its come a long way in the past 10 years since the last Census. Want to learn more about Greenwich, CT? To keep this list focused on city-sized spots, only communities with more than 9,000 people were considered, including the lovely Norwalk, Connecticut. Avon, CT Annual household income: $187,080, 10. People who live and work in Easton have a slightly higher income level. When Does a Seller Get Their Money After Closing on a House? Its also one of the most expensive places to live in the country, with a median home price of over $1.5 million. With a median household income of $1,471,700, this is no place for people on a shoestring budget. It is a Fairfield County city home to many wealthy residents who enjoy private country clubs, yacht clubs, and pristine beaches. Use Next and Previous buttons to navigate. We suspect that the recent pandemic took a toll on residents who lost their jobs, with some forced to relocate for more affordable housing. The unemployment rate is 8.0% and the poverty rate is 8.9%. We analyzed 21 places in Connecticut to determine where the 1% live. 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. The next town on this list is Wilton. Weston is one of the most affluent towns in Connecticut with winding country roads and highly regarded schools. Want to learn more about Darien? Wilton is undoubtedly a wealthy community and one of the top ten richest in the state of Connecticut for 2022. Some haulers caught, Arming guidance counselors? Point 2 Point Homes advises that the small community of 8,779 people has an average household income of more than $200k per year. Its a desirable place to live if you can afford the costs. The streets are safe, and the schools are highly rated. Jobs are plentiful in the city with a population of 7,453. The average commute time from home to work is 23.6 minutes, suggesting ample employment opportunities in South Glastonbury. After Riverside and Greenwich, the next four richest towns are Darien ($599,920), New Canaan ($532,440), Old Greenwich ($530,250), and Rowayton ($422,210). This time the list is from Bloomberg. According to Area Vibes, the cost of living in Westport is 82% higher than the Connecticut average. Its an Upper-Middle-Class town with a median household income of just under $141K. 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. Jobs are plentiful in the area, with the working Population gainfully employed except for just 3.5%. 6. It is also one of the most expensive places to live in the country, with a median home value of $1,051,014.

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