The average household income in Woodbridge is $96,919, and the median home price is $595,000. Shelton. Actual ranking depends on what metrics are used, but in general, Connecticut ranks within the five wealthiest states in the country. Unfortunately, however, there can be only one Connecticut place thats worthy of the HomeSnacks crown. Southports location near New York City also makes it attractive for commuters working there. Weston is one of the richest towns in Connecticut with a median household income of $207,863. We suspect that the recent pandemic took a toll on residents who lost their jobs, with some forced to relocate for more affordable housing. You can learn more about the top ten below or skip to the end to see the rankings for all 21 places. And that makes living in the state expensive. Its also home to some of the most expensive homes in the state. There is a good reason that Norwalk was listed as one of the. Its a peaceful town thats a great place for people who want to get away from hectic city life and enjoy nature. Newtown Borough is being credited as the richest town in the state of Connecticut. Other areas of wealth in the state include suburbs surrounding New Haven and Hartford, as well as pockets of Litchfield County. This time the list is from Bloomberg. Were just going to leave this right here. Milford, CT - HomeSnacks The unemployment rate is low compared to the state average, and commuters spend an average of 44 minutes driving to work. 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. 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. In Old Greenwich, homes are primarily owner-occupied (84%) and only 16% of homes in Old Greenwich are rentals. Its come a long way in the past 10 years since the last Census. Its a medium-sized town that has grown to become one of the most desirable places to live in Connecticut. Located on Connecticut's Gold Coast, Greenwich is a financial powerhouse and also an exciting place to visit. Whether you have money to burn or are living on a budget, everyone enjoys these free activities in Connecticut. South Glastonburys Census results show a total of 2038 households in the town. 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. 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. 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. 1. Only 15% of the residents rent because most people there are homeowners. And out of all the towns in Connecticut, none are wealthier than Greenwich in Fairfield County. Located in Fairfield County, Westport is an affluent town with beaches, private Country Clubs, and Yacht Clubs. Almost 6,300 communities met the criteria, which includes approximately 75% of total households in the U.S.". Ridgefield, CT Annual household income: $206,560, 6. Haub, who took over the company after the death of his brother, Karl-Erivan, is now worth an estimated $2.9 billion. 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. The current Population is 2,601, with an annual growth rate of 0.35%. We then averaged all the rankings for a place into a Rich Score with the place having the lowest overall Rich Score, Shelton, crowned the Richest City In Connecticut For 2023. United States locations by per capita income, List of Connecticut locations by per capita income, United States counties by per capita income, "U.S. Census Bureau QuickFacts: Connecticut", "SELECTED ECONOMIC CHARACTERISTICS 2011-2015 American Community Survey 5-Year Estimates", "Profile of General Population and Housing Characteristics: 2010 Demographic Profile Data", U.S. states and territories by per capita income, List of United States counties by per capita income, Highest-income counties in the United States, Highest-income metropolitan statistical areas in the United States, Highest-income urban areas in the United States, Highest-income ZCTAs in the United States, Lowest-income counties in the United States, https://en.wikipedia.org/w/index.php?title=List_of_Connecticut_locations_by_per_capita_income&oldid=1133314595, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 13 January 2023, at 05:01. Rentals are much higher than most, with an average of $2,443 per month for non-homeowners. The most affluent settled in the area to enjoy its beautiful beaches and other luxury amenities. Essex is another one of the richest towns in Connecticut. Old Greenwich is a perfect place to live if youre looking for an upscale quiet community with excellent schools, but its not exactly pedestrian friendly when it comes to getting around town! Dariens median home value is $1,654,00. Weston, CT Annual household income: 222,535, 3. The median home value is steep at $1,382,800 for 2022. 20 Cities with the Worst Weather in the U.S. How Eiza Gonzalez Achieved a Net Worth of $5 Million. Home prices in town are also high, ranging from $500,000 to $4,000,000. Darian will be the second wealthiest city in Connecticut in 2022. They found this lovely old city during the Covid-19 pandemic and relocated for a safer and serene place to live. 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). 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. It is one of the richest towns in Connecticut, boasting a median sales price of $1,835,000. The 2010 Census revealed a growth from 6.751 residents to 7,150, showing that the town is gaining its population base. It has a population of 33,900 residents. Connecticut is one of the wealthiest states in the US. According to the report, the four towns are Darien, Old Greenwich, Riverside, and . 10. Read on to discover the 14 richest towns in Connecticut in 2022. New Canaan is one of the wealthiest towns and among the best places to live in Connecticut. Most Dangerous Neighborhoods in Washington DC. The median income in Bristol is $61,551 while the unemployment rate is 7.8% and the poverty rate is 10.3%. Easton, CT Annual household income: $166,875, 13. The average home value is $1,150,400. The median household income at Cos Cob is $138,125. Source: US Internal Revenue Service - 2018. Fairfield, CT Annual household income: $139,122, 16. The average family home retails for a massive $611,500, almost three times the national average. 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. Let's go! Greenwich had a median household income of $180,484 in 2021 and is known as one of the richest cities in America. On the plus side, the median income of $190,227 is equally jaw-dropping. Westport is in the top five most affluent cities in Connecticut for 2022. Westport residents are well educated with 78% of residents having obtained a bachelors degree or higher. The city deserves its spot on the list as its well above the average US income. The third on the list is Westport. Darien Profile Page with Infographics. Its also a better choice, Read More The 20 Best Places to Live with Low Humidity in the U.S.Continue. 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 fourth wealthiest town in Connecticut is Old Greenwich. All Rights Reserved. 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. The high demand is getting harder to find places for sale. The communities in this city are close, and they love to sponsor community events for the residents and visitors. If youre curious enough, here are the poorest cities in Connecticut, according to data: Poorest: Hartford2nd Poorest: Bridgeport3rd Poorest: Waterbury. The average family home retails for a massive $611,500, almost three times the . Darien is a small town on Connecticut's gold coast that is home to approximately 6,759 people. 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. It has an average household income of $234,152 and 6,611 residents. Contact: nclunan@onlyinyourstate.com, The Cafeteria With Some Of The Best Home-Cooked Food In Connecticut, See Mermaids In Real Life Right Here in Connecticut At The Mystic Aquarium, This Rustic Restaurant In Connecticut Serves Up Heaping Helpings Of Country Cooking, The Terrifying, Deadly Plane Crash In Connecticut That Will Never Be Forgotten, Here Are The 8 Poorest Cities In Connecticut, Here Are The 10 Cheapest Yet Great Places To Live In Connecticut, The 9 Most Dangerous Cities in Connecticut, Here Are The 9 Most Dangerous Places In Connecticut After Dark, Whittemore Glen State Park in Naugatuck, Connecticut, Bluff Point State Park in Groton, Connecticut. People love to enjoy life and share it with family, friends, and neighbors. The beautiful neighborhood is small, just 6,962, after the influx of rich business professionals. Riverside Profile Page with Infographics. This affluent community is the home of 18,410 residents with an average age of 45 years, with slightly more females than males. 78% of them have at least a bachelors degree. With fancy city names like Windsor and Danbury, Connecticut seems to ooze wealth around every corner. Want to learn more about Old Greenwich? Not that there isnt more to it than that with a vibrant food scene, a charming historic district, gorgeous parks, and a great selection of shops, it offers premium living at an admittedly premium price tag. The average commute time from home to work is 23.6 minutes, suggesting ample employment opportunities in South Glastonbury. The town is partly in Hartford County, with some areas in Middlesex County. 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. 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. As one of the Nutmeg state's oldest towns, it also represents one of the richest. The median home value in Easton is over $772,758 making it one of the most expensive places to live in Connecticut. 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. What are the richest towns in Connecticut? This Is The Richest Town In Connecticut | iHeart 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. Home to some of the most affluent residents of Connecticut, Darien has a median household income of $232,523. Four Connecticut towns made the top 50 list (well, three. If you plan to buy a home in New Canaan, the average price is $1.36 million. Greenwich is another of the wealthiest towns in Connecticut. The unemployment rate in this city is 10% and the poverty rate is 9.6%. The median sales price of homes in Riverside is $834,000. Married families in Ridgefield average an annual household income of 182,679, but the average is over $206k. New Canaan is one of the wealthiest towns in Connecticut with a median sales price of $1,155,000. As to which are the very wealthiest, find out now as we count down the 10 richest cities in Connecticut. Despite its small size, it is home to 18,932 people. Lidia has more than 10 years experience in news and digital media and holds a degree in journalism from the University of Connecticut. Greenwich is synonymous with luxury real estate and wealth. The town also boasts one of the best school systems in all of Connecticut! Its also home to the states only national historic site, Weir Farm. It has an active social scene and boasts an impressive collection of restaurants, shops, and entertainment venues. Darians median home value sits at around $1.7M thats more than double the national average. Fairfield County's Norwalk, CT is the third richest city in the Nutmeg State. In terms of per capita income, it beats the nearest competition by a huge margin of almost $4000. New Cannan, CT Average household income: $200,203.00 Living in New Canaan is like being surrounded by family. 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. Learn how your comment data is processed. The towns population is under 21,742 people, yet it is home to at least seven country clubs and three golf courses. The average home price in Old Greenwich is $1.8 million. 79.4% of the community are US-born citizens, with 11.73% born in other countries. 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. The unemployment rate is 8.6% and the poverty rate is 10% in this city. You can download the data here. Wilton, CT Annual household income: $193,292, 9. 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. Connecticut's neighboring towns of Greenwich and Darien have a combined population of around . With a median income of $59,522, Naugatuck took ninth place. Stamford Wikipedia/John The town is full of greenery and offers residents a tranquil vibe. 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! In fairness, you do get a lot of return for your investment. Home to some of the most affluent residents in Connecticut, Westport has a median household income of $206,466. 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. She also enjoys creative writing, content writing on nearly any topic (particularly business and lifestyle), because as a lifelong learner, she loves to do research and possess a high skill level in this area. 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. Other areas of wealth in the state include suburbs surrounding New Haven and Hartford, as well as pockets of Litchfield County . With a median household income of $1,471,700, this is no place for people on a shoestring budget. This small coastal town is the perfect place for raising children, and you can enjoy plenty of outdoor activities, especially walking in nature. The unemployment rate is just 3.1%, with an average commute of 33 minutes. 87% of the residents own their homes, and just 13% rent. Related: The 10 Wealthiest Cities In New York. When you click through real estate links on our site, we earn an affiliate commission. Matter of fact, its because there are a bunch of well-to-do people that call this New England state home. Located on Long Island Sound, Southport is a charming seaside community with a vibrant downtown area and beautiful beaches. It has a population of 27,141. There are many things to do including going to the beach and shopping at the local malls. Westport is one of the wealthiest towns in Connecticut. Most residents have at least a bachelors degree or higher and drive an average of 42 minutes to get to work. It is a very safe town surrounded by greenery. When Does a Seller Get Their Money After Closing on a House? Living in New Canaan is like being surrounded by family. 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. The average home price in Southport is $600,000. 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. Save my name, email, and website in this browser for the next time I comment. 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. 14 Richest Towns in Connecticut (2022) | PropertyClub 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. We love the detailed statistics that give us a clear snapshot of the socioeconomic dynamics of the city. It has a population of 27,141. Middletown, a riverside city south of Hartford, takes the 6th place spot with a median income of $63,828. Fairfield is one of the richest towns and among the best places to live in Connecticut. 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. Westport has a thriving luxury real estate market with the median sales price in Westport at $1,796,000. Most homes were built in 1965 when the community saw its largest growth spurt. If you want to live in one of Connecticuts richest places, youre going to need to make upwards of $59,791/year. The average home value is $466,000, making it one of the more affordable rich neighborhoods to buy a house. Redding has a median home sales price of $1,030,000 and a median household income of $138,125. 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. The Census ranks individual city wealth by a formula that averages the household incomes, including the adjusted gross income and the average household income. 22 overall, with average household income at $270,222. Here's The Richest Town In Connecticut | Darien, CT Patch Home to some of the most affluent residents in Connecticut, Westport has a median household income of $206,466. The average commute time from home to work is 35.7 minutes. Liz Flynn has worked as a full-time writer since 2010 after leaving a career in education. This Is The Wealthiest Town In Connecticut 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. Being a coastal city, citizens have plenty of opportunities to spend their free time. The average value of a home is just under $800,000, which is on par with the average household income. Fairfield is a moderate-sized city in Fairfield County. Zip Data lists West Hartford as one of the 20 richest cities in the state. 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 most charming small towns in Connecticut are perfect for a day trip or a new home. According to homes.com, Ridgefield is one of the most expensive places in Connecticut to buy a home. As of the 2020 census, the population was 1,710. All of this combines to make the local housing market expensive. Want to learn more about Weston? Darien The richest town in Connecticut is Darien, with a median household income of $251,200. Inflation-adjusted household income is one of the factors. The unemployment and poverty rates are 7.9% and 8.5% respectively. Its also one of the most expensive places to live in the country, with a median home price of over $1.5 million. 9. She finds almost all topics she writes about interesting, but her favorite subjects are travel and food. Riverside, CT Annual household income: $215,791, 5. Here are the wealthiest towns in Connecticut. Easton has excellent schools both public and private schools are available. He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move. 4 CT towns make list of 100 richest towns in America - News 12 Networks Its smaller than Ridgefield but slightly more affluent. If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already. Connecticut - Forbes Certainly enough time to go to the beach after work for a picnic dinner by the water! Riverside has a population of 8,843. Less than an hour train ride from New York City, Greenwich gives the feel of a small town with all the amenities of the big city. Love Connecticut? Westport is one of the wealthiest towns in Connecticut. 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? The city has grown over the past decade, increasing from 8,223 residents to 9,110. Cos Cob is one of the wealthiest communities in Connecticut with a median home sales price of $1,312,000. Unfortunately, however, there can be only one Connecticut place that's worthy of the HomeSnacks crown.
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