Lidia Ryan is the managing editor of trending and features for Hearst Connecticut Media Group and is part of the digital team. Most Expensively 2023. Liz loves the process of researching information, learning new things, and putting into words . 20 Cities with the Worst Weather in the U.S. How Eiza Gonzalez Achieved a Net Worth of $5 Million. With a median household income just shy of a quarter-million a year, Darian is an exclusive place to live. The most affluent settled in the area to enjoy its beautiful beaches and other luxury amenities. If the idea of paying $2,724 in rent each month makes you feel the same, definitely scratch it from your list. Connecticut is no ones idea of a poor state. School test performance scores are above average, and 9.2% of students are eligible for free or reduced lunches at school. 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. Actual ranking depends on what metrics are used, but in general, Connecticut ranks within the five wealthiest states in the country. As a sign of just how rich this coastal Connecticut city is, the median income is a massive $321,377. Renters pay an average of $1,361 per month. How Much Are Closing Costs in Texas & Who Pays Them. Its safe, with a low crime rate. The average renter pays $2,336 per month. 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. The streets are safe, and the schools are highly rated. This is a carousel. 4.2% of public school students are eligible for free or reduced lunch, and test performance in the public schools for Redding is excellent. Westport was third in the state, and no. 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. 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. Home to some of the most affluent residents in Connecticut, Westport has a median household income of $206,466. The unemployment rate is 3.2%, compared to the Fairfield County unemployment rate of 5.2%. 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 unemployment rate is just 3.1%, with an average commute of 33 minutes. Darien is a small town on Connecticuts gold coast that is home to approximately 6,759 people. 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. Education Levels 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. Lidia has more than 10 years experience in news and digital media and holds a degree in journalism from the University of Connecticut. Check them out: What are the oldest towns in Connecticut? View Map of 25 Poorest Zipcodes in Connecticut. Chris Kolmar has been in the real estate business for almost ten years now. Riverside is one of the wealthiest communities in Connecticut. Its a medium-sized town that has grown to become one of the most desirable places to live in Connecticut. Its a socioeconomically Upper Middle-Class city with a median household income of $136,261. Despite its high per capita income, Connecticut is mainly a middle-class state. Fairfield County is very close to New York City. 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. Its an Upper-Middle-Class town with a median household income of just under $141K. Although the town is small, youll find plenty of recreational venues, cafes, restaurants, and shops. People love to enjoy life and share it with family, friends, and neighbors. The Population is 27,141, with an average rent of $2,724 if youre not a homeowner. So, want to know where its just as difficult to Keep up with the Connecticuters as it is The Kardashians? Newtown Borough is being credited as the richest town in the state of Connecticut. Inflation-adjusted household income is one of the factors. 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. If you plan to buy a home in New Canaan, the average price is $1.36 million. As to which are the very wealthiest, find out now as we count down the 10 richest cities in Connecticut. Known for its luxury waterfront homes, Old Greenwich has a median sales price of $2,063,000. There is a good reason that Norwalk was listed as one of the. The average income per family is $130,268, and home prices range anywhere between $500,000 to $2 million. Isn't it grand to see Granby here in the top ten safest places in Connecticut. 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! Weston, CT Annual household income: 222,535, 3. There are many things that families love about living in Wilton including its great school system, safe neighborhoods, and access to shopping centers. 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. 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 The small community has a population of 7,586 residents. Point 2 Point Homes picked up on the city of Avon, whereas many other demographics lists didnt give them a second look. Weston Profile Page with Infographics. Its also far below the national average rate of 3.9%. The second wealthiest town in Connecticut is Riverside. Its in Hartford County. From Hedge Fund Executives to High Profile Athletes, these wealthy Americans call Connecticut their home. Its got a population of just over 20,249 (2020) people, but it feels much smaller than that. 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? Connecticut is one of the wealthiest states in the US. 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 homes in Darien are primarily owner-occupied (87%) with only 13% rentals. Connecticut is home to some of the wealthiest people in America. Despite its small size, it is home to 18,932 people. Related: The 10 Wealthiest Cities In Missouri. The median household income at Cos Cob is $138,125. The average family home retails for a massive $611,500, almost three times the national average. 14 Richest Towns in Connecticut Darien Riverside Westport Old Greenwich Wilton Weston Greenwich Southport New Canaan Avon Ridgefield Stamford Woodbridge Essex 1. 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. You can find out more about him on LinkedIn or his website. Most of the residents are of white ethnicity, with only 6.1% of students in the public schools eligible for free or reduced lunch. Fairfield offers many different types of housing options including condos, apartments, townhomes, and single-family homes. The financial news and opinion site 24/7 Wall St . Use Next and Previous buttons to navigate. A CT bill would expand it fur, Is CT recycling going into the trash? A relatively small town, it offers the opportunity of doing great outdoor activities. Only 15% of the residents rent because most people there are homeowners. COS COB, CT Annual household income: $136,261, 17. New Canaan is situated right next to Darien and is also one of the richest towns 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. With a median household income of $1,471,700, this is no place for people on a shoestring budget. 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 in Connecticut, Westport has a median household income of $206,466. Whether you have money to burn or are living on a budget, everyone enjoys these free activities in Connecticut. 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. However, the average house prices range from $1,5 million to $3 million. The median home value in Easton is over $772,758 making it one of the most expensive places to live in Connecticut. However, we dont believe that one statistic wholly encompasses what it means to be one of the richest places. However, test score performance in the public school system gets a poor ranking. Old Greenwich enjoys a low crime rate and excellent public schools. It is a charming seaside neighborhood that is in the Town of Greenwich with waterfront homes and private beaches. Redding, Connecticut, is a small city with a population of 9,110. Head out on a fun getaway to these spots: Thank you! Its less ideal, however, if your bills are already bigger than your income. Darien residents are well educated with 83% of residents having obtained a bachelors degree or higher. Just 16% of the homes are rentals. 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. In 2018, the average household income in its Old Greenwich. 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: 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. 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. The Gold Coast, also known as Lower Fairfield County or Southwestern Connecticut not limited to the Connecticut panhandle, . 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. Westport is one of the wealthiest towns in Connecticut. When you click through real estate links on our site, we earn an affiliate commission. Most Dangerous Neighborhoods in Washington DC. The unemployment rate is 3%, which beats the state average by 4.1%. This site uses Akismet to reduce spam. Stamford Wikipedia/John If you can afford a mortgage, its the better way to go in Fairfield. Weston residents live a good work-life balance with an average commute time of 42 minutes. 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? And that makes living in the state expensive. The climate is better for persons with allergies, asthma, and other respiratory conditions. the average home value is $1,471,700. The average home price in Southport is $600,000. Its also home to the states only national historic site, Weir Farm. Learn how your comment data is processed. The result? 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. 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.. This site uses Akismet to reduce spam. What determines the overall wealth of a city? Middletown, a riverside city south of Hartford, takes the 6th place spot with a median income of $63,828. 83% of the residents have a bachelors degree or higher, and the unemployment rate is low. Theyre well educated, and many residents commute to the city for their jobs with an average travel time of 38 minutes. The median home value is steep at $1,382,800 for 2022. Jobs are plentiful in the city with a population of 7,453. Hoping for a glimpse at some of those gorgeous views for which this town is known? 9. Cos Cob is one of the wealthiest communities in Connecticut with a median home sales price of $1,312,000. Riverside is home to some of the most affluent residents of Connecticut with a median household income of $215,791. The towns population is under 21,742 people, yet it is home to at least seven country clubs and three golf courses. 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. Weston is also one of the best places in Connecticut to raise a family. $55,137 is the median income in this city while the unemployment and poverty rates are 7.5% and 13.4% respectively. Woodbridge is another Connecticut hamlet passed over by statisticians pointing out the most affluent cities in Connecticut. There are also plenty of parks throughout the town including Waterside Park which offers a great view of Long Island Sound as well as tennis courts and playgrounds for children. In fairness, you do get a lot of return for your investment. The average value of a home is just under $800,000, which is on par with the average household income. We love the detailed statistics that give us a clear snapshot of the socioeconomic dynamics of the city. Look here. Westport residents live a good work-life balance with an average commute time of 44 minutes. What is it like to live in Greenwich, CT. If you want to live in one of Connecticuts richest places, youre going to need to make upwards of $59,791/year. . 25 Wealthiest Towns in the New York Suburbs, What are the Highest Paying Jobs in New York? Located on Connecticut's Gold Coast, Greenwich is a financial powerhouse and also an exciting place to visit. Its capital is Hartford, and its most populous city is Bridgeport. When you look at the data, the cities and places mentioned above meet the criteria for being at the very top of the income ladder for everyone that lives there. Wilton is undoubtedly a wealthy community and one of the top ten richest in the state of Connecticut for 2022. The communities in this city are close, and they love to sponsor community events for the residents and visitors. The town has the highest percentage of residents who are wealthy, at about 30 percent. Darien The richest town in Connecticut is Darien, with a median household income of $251,200. Darian is an entire little town, and those that call it home enjoy lifes best with quaint shops, great places to dine, and plenty of recreational, shopping, and community event opportunities. Are you surprised by this list of the richest cities in Connecticut? Many of these towns are wonderful places to live due to their incredible verdant spaces and proximity to the city and ocean. 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. 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 unemployment rate is low compared to the state average, and commuters spend an average of 44 minutes driving to work. On this Wikipedia the language links are at the top of the page across from the article title. The median income is $80,896. Redding, CT Annual household income: $140,995, 15. The town is full of greenery and offers residents a tranquil vibe. New Cannan, CT Average household income: $200,203.00 Living in New Canaan is like being surrounded by family. Want to learn more about Darien? 6. That ratio steadily has been. The average home value is $466,000, making it one of the more affordable rich neighborhoods to buy a house. Southport isnt the kind of city where keeping up with the neighbors comes cheaply. It is located about 29 miles northeast of New York City, offering residents an easy commute to the city. The poverty rate is remarkably low at 1.12%, with median rent at $1,832 per month. The community is known for being tight-knit with safe streets, low unemployment rates, and top-notch schools. Its a small, charming seaside community in the Town of Greenwich with a population of 6,873. 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. New Canaan is one of the wealthiest towns and among the best places to live in Connecticut. With an average family income of $209,635 and a population of 18,460 inhabitants, Wilton is a relatively wealthy town. To compiler their 2020 list of the 50 richest places, Bloomberg "evaluated inflation-adjusted household data for all U.S. locations with a minimum of 2,000 households (as defined by the Census), and ranked them based on average household income. Its also one of the wealthiest towns in Connecticut, with a median annual income per family of $180,057. It has an average household income of $204,792, and the home prices range between $600,000-$800,000. Dariens median home value is $1,654,00. 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". Old Greenwich has a population of 6,962 and a median household income of $222,794. Darians median home value sits at around $1.7M thats more than double the national average. Its a peaceful town thats a great place for people who want to get away from hectic city life and enjoy nature. To see the other wealthy places that made this list, take a look below. Most of Connecticuts wealth is concentrated in Fairfield County, which contains many affluent suburbs in Connecticut. Most of the townspeople hold bachelors degrees or higher. Home to over 136,309 people, Stamford is the richest city in Connecticut. 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. Fairfield, CT Annual household income: $139,122, 16. The community is predominantly white at 75.45% but is becoming more ethnically diverse than some of its neighboring towns, with a public school demographic of 68.9% white students. 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. Weston is in Fairfield County. Greenwich is synonymous with luxury real estate and wealth. Were just going to leave this right here. All in all, Riverside is a town that offers a great quality of life to its citizens. The unemployment rate is slightly higher at 3.6%, with the average commute time for workers at 31.3 minutes. The Population for 2020 was 1,797, but it has grown to 1,839 for 2022. Some haulers caught, Arming guidance counselors? Located in Fairfield County, Westport is an affluent town with beaches, private Country Clubs, and Yacht Clubs. In Essex Village, the median income for married people with families is $172,302 for married people with families, and slightly lower for unmarried with families. However, its also popular among locals so much so that there are rumors that it might become a commuter town for New York City residents. According to Area Vibes, the cost of living in Westport is 82% higher than the Connecticut average. Learn how your comment data is processed. All rights reserved. Westport has a thriving luxury real estate market with the median sales price in Westport at $1,796,000. The unemployment rate in this city is 10% and the poverty rate is 9.6%. The median income in this city is $81,634. The median household income is just over $190K per year. The Easton School District offers many different programs including art, music, and sports. Theres usually something going on for recreation and entertainment in the town and surrounding areas. The information presented in this article are based on data from theUS Census American Community SurveyandRedfin. Westport, CT Annual household income: $222,535, 4. (Infographic), What are the Highest Paying Jobs in Connecticut? It has a population of 27,141. Citizens of COS COB have an average commute time from home to work of 31.9 minutes, suggesting they dont need to travel far for work. Home to some of the most affluent residents of Connecticut, Darien has a median household income of $232,523. 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. 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. Atherton, CA topped the list. 91.82% of the Population is white, with 87.8% white students in the public school system. Another one of the richest towns in Connecticut is Weston. Its located in Fairfield County under the 06896 zip code, sharing a border with Danbury and Georgetown. Essex is situated near the Connecticut river, a few miles north of some of the states best beach towns. Avon is the home of 1,206 entrepreneurs. What is it like to live in Greenwich, CT? Easton, CT Annual household income: $166,875, 13. However, it is true that overall, the Nutmeg State is richer than most. Andreas Halvorsen - Net Worth: $6.3 Billion Andreas Halvorsen is a Norwegian billionaire businessman whose net worth of $6.3 billion makes him the 6th richest person in Connecticut.
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