Most of the residents are of white ethnicity, with only 6.1% of students in the public schools eligible for free or reduced lunch. Related: The 10 Wealthiest Neighborhoods in San Francisco. Stamford is situated only 30 miles north of NYC, so it offers residents unparalleled access to the city. Keep reading. 2015-2023 Chasing Chains, LLC. 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. South Glastonbury, CT Annual household income: $135,596, 18. 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. Southport is an affluent town in Connecticut. Ridgefield, CT Annual household income: $206,560, 6. Fairfield is one of the richest towns and among the best places to live in Connecticut. Old Greenwich Profile Page with Infographics. Connecticut is no ones idea of a poor state. If you plan to buy a home in the city, the median home value is $330,100. 1. Related: The 10 Wealthiest Cities In Missouri. 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. The median household income in New Canaan is $214,977. It is a Fairfield County city home to many wealthy residents who enjoy private country clubs, yacht clubs, and pristine beaches. The second wealthiest town in Connecticut is Riverside. Home to some of the most affluent residents in Connecticut, Westport has a median household income of $206,466. Visit Bloomberg for the full report. Newtown Borough is being credited as the richest town in the state of Connecticut. The town is also home to many hedge fund managers, bankers, and lawyers. The schools are excellent and the town is beautiful, with tree-lined streets and old-fashioned townhouses. The average renter pays $2,336 per month. 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. 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 average family home retails for a massive $611,500, almost three times the national average. If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already. 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. 1. A Bloomberg report is out on the 100 richest towns in America, and four towns in Connecticut made the list. Riverside Profile Page with Infographics. There is a good reason that Norwalk was listed as one of the best places to live in America. It's also very well educated, with over half of its residents having a college degree. Home to some of the most affluent residents of Connecticut, Weston has a median household income of $222,535. Four Connecticut towns made the top 50 list (well, three depending on how you look at it): Darien, Old Greenwich, Riverside (Greenwich) and Westport. There are also several golf courses in town that draw a lot of people from around the world. The benefits of living in this city are numerous, such as good schools, safe neighborhoods, and overall great lifestyle quality. Only 4% of the homes in the community are available for rent. COS COB, CT Annual household income: $136,261, 17. Save my name, email, and website in this browser for the next time I comment. The Community Trail runs along the Long Island Sound and is a great place to walk or ride your bike. The upscale community attracts residents who commute to New York City because its easy train ride to Manhattan. Despite its high per capita income, Connecticut is mainly a middle-class state. Westport is one of the wealthiest towns in Connecticut. $55,137 is the median income in this city while the unemployment and poverty rates are 7.5% and 13.4% respectively. The town also boasts one of the best school systems in all of Connecticut! Because it is a coastal town, you can spend most of your time on the beach and in natural parks. Cos Cob is one of the wealthiest communities in Connecticut with a median home sales price of $1,312,000. Most of Connecticut's wealth is concentrated in Fairfield County, which contains many affluent suburbs in Connecticut. 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. The town has a thriving arts community and many of its residents are involved in local government or volunteer activities. Its also known for its rich history and is listed on the National Register of Historic Places as Woodbridge Green Historic District. 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. Fairfield County's Norwalk, CT is the third richest city in the Nutmeg State. The states Atlantic coast is to the east, while the Gulf of Mexico coastline is to the west. The fourth wealthiest town in Connecticut is Old Greenwich. Test performance scores in public schools are ranked as excellent. Westport is one of the richest towns in Connecticut with a median household income of $222,375. Demographic studies show that 81.64% of the residents are white; however, only 42.4% of the children in the public schools are white, suggesting that the city is starting to diversify its demographic Population. When Does a Seller Get Their Money After Closing on a House? You'll receive your first newsletter soon! 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. 25 Wealthiest Towns in the New York Suburbs, What are the Highest Paying Jobs in New York? Easton has a thriving downtown area with many restaurants, shops, and entertainment options. Point 2 Point Homes advises that the small community of 8,779 people has an average household income of more than $200k per year. With a median household income of $1,471,700, this is no place for people on a shoestring budget. Known for its luxury waterfront homes, Old Greenwich has a median sales price of $2,063,000. Its also one of the most expensive places to live in the country, with a median home price of over $1.5 million. Westport, CT Annual household income: $222,535, 4. Ridgefield offers something for everyone from great schools to recreation for the whole family. Its a small, charming seaside community in the Town of Greenwich with a population of 6,873. Most residents have at least a bachelors degree or higher and drive an average of 42 minutes to get to work. Westport is a popular place for New Yorkers to visit on weekends because of its close proximity to Manhattan. The Easton School District offers many different programs including art, music, and sports. You can learn more about the top ten below or skip to the end to see the rankings for all 21 places. The community is known for being tight-knit with safe streets, low unemployment rates, and top-notch schools. Whenever any publication compiles a list of Americas richest cities, theres one name you can always count on seeing Old Greenwich. 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. 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. With a median household income of $1,471,700, this is no place for people on a shoestring budget. Rich people not your cup of tea? OnlyInYourState may earn compensation through affiliate links in this article. Riverside is one of the wealthiest communities in Connecticut. The homes in Darien are primarily owner-occupied (87%) with only 13% rentals. Although the town is small, youll find plenty of recreational venues, cafes, restaurants, and shops. (Infographic), What are the Highest Paying Jobs in Connecticut? The median home value in Easton is over $772,758 making it one of the most expensive places to live in Connecticut. 78% of them have at least a bachelors degree. It has a population of 33,900 residents. Want to learn more about Riverside? Located in Fairfield County, Westport is an affluent town with beaches, private Country Clubs, and Yacht Clubs. Avon, CT Annual household income: $187,080, 10. Related: The 10 Wealthiest Cities In North Carolina. Lidia has more than 10 years experience in news and digital media and holds a degree in journalism from the University of Connecticut. Avons diversity rate is better than most of its neighboring communities. 91.82% of the Population is white, with 87.8% white students in the public school system. Newtown Borough is being credited as the richest town in the state of Connecticut. Renting is a little cheaper, but not by much expect to part with around $1,886 per month for an apartment. Located in Fairfield County, Westport is an affluent town with beaches, private Country Clubs, and Yacht Clubs. 89.3% of the homes are occupied by their owners, with 10.7% as rentals. Hoping for a glimpse at some of those gorgeous views for which this town is known? The unemployment rate is 8.6% and the poverty rate is 10% in this city. Its a great place for families and young professionals to live. There are many things to do including going to the beach and shopping at the local malls. The unemployment rate is 3%, which beats the state average by 4.1%. The town has over 120 acres of open space and over 1,000 acres of parkland. Its come a long way in the past 10 years since the last Census. Check them out: What are the oldest towns in Connecticut? All Rights Reserved. In Old Greenwich, homes are primarily owner-occupied (84%) and only 16% of homes in Old Greenwich are rentals. The median income in this city is $81,634. There are lots of affluent communities in the Nutmeg State, and some of them are unassuming. Married families in Ridgefield average an annual household income of 182,679, but the average is over $206k. Some haulers caught, Arming guidance counselors? With salaries like that, most residents are having no problem in keeping up with those monster mortgage re-payments. and 10 Reasons to Move to Greenwich, CT. Wilton is recognized as one of the wealthiest towns in Connecticut with a median household income of $209,635. Located on Long Island Sound, Southport is a charming seaside community with a vibrant downtown area and beautiful beaches. Depending on individual tastes, personal circumstances, and the stage of life a person is at, everyone has different criteria in terms of what makes a great place to live. Most of the properties in Riverside are primarily owner-occupied (80%) with only 20% rentals. 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 With 733 . Westport is one of the wealthiest towns in Connecticut. Essex is situated near the Connecticut river, a few miles north of some of the states best beach towns. This is our tenth time ranking the richest cities in Connecticut. Darian, CT Annual household income: $232,523, 1. Suburbs 101 confirms that Riverside is a wealthy suburb of the Town of Greenwich. Love Connecticut? Read More The 20 Safest Places To Live in TennesseeContinue, If you dont know what a HELOC is, dont feel stupid. Home to over 136,309 people, Stamford is the richest city in Connecticut. The unemployment rate for the city is 3.6%, compared to the state average of 4.1%, and theyre doing well in securing work. The result? Theres a premium on living in a safe neighborhood with all the trappings of a luxurious existence. Dariens median home value is $1,654,00. Its quiet, with a population density of just over 2,000 people per square mile about half that of New York City. Fairfield County town is one of the most desirable places to live if you have the financial means. 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. It is also one of the most expensive places to live in the country, with a median home value of $1,051,014. Connecticut’s per capita income was $44,496 in 2019, according to estimates. It is a charming seaside neighborhood that is in the Town of Greenwich with waterfront homes and private beaches. 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. Being a coastal city, citizens have plenty of opportunities to spend their free time. The average adjusted gross income is $222,660. The city deserves its spot on the list as its well above the average US income. The median home price in Essex was $651,000 in 2022. The unemployment and poverty rates are 7.9% and 8.5% respectively. If the idea of paying $2,724 in rent each month makes you feel the same, definitely scratch it from your list. 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). If youre in the market for a decently sized family home, dont expect to get much change from $1,283,146 a staggering amount, even by Connecticuts standards. Weston is one of the richest towns in Connecticut with a median household income of $207,863. Zip Data lists West Hartford as one of the 20 richest cities in the state. 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. In a city with a population of 52,005, the median income came in at $81,971. Easton, CT Annual household income: $166,875, 13. Its a great place to raise kids, with top-rated schools and safe streets. The average commute time for workers is 26.5 minutes, suggesting plenty of local jobs in the citys economy. 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 schools are among the best in the state, making them the ideal place to raise a family. 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. Milford grabbed the top place in this list of richest cities. According to the report, the four towns are Darien, Old Greenwich, Riverside, and . Darian is one of the richest towns in Connecticut with a median household income of nearly $243,750. The town is full of greenery and offers residents a tranquil vibe. Name Census collected information for the past five years and breaks the average income levels by age group. Related: The 10 Wealthiest Cities In New York. In 2018, the average household income in its Old Greenwich. Darien has a population of 21,499. Located on Connecticut's Gold Coast, Greenwich is a financial powerhouse and also an exciting place to visit. Related: The 10 Wealthiest Cities In California. 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. Dana has extensive professional writing experience including technical and report writing, informational articles, persuasive articles, contrast and comparison, grant applications, and advertisement. 20% of the residents pay rent, with 80% owning their homes. With an average family income of $209,635 and a population of 18,460 inhabitants, Wilton is a relatively wealthy town. 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. Property values are high, the median sales price is $1,029,000. 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 average family home retails for a massive $611,500, almost three times the . The median home value is $766,900, making it more affordable than some other affluent communities. 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. The rankings are based on income and home value. Many of these towns are wonderful places to live due to their incredible verdant spaces and proximity to the city and ocean. Avon is the home of 1,206 entrepreneurs. Darien The richest town in Connecticut is Darien, with a median household income of $251,200. It is a very safe town surrounded by greenery. The first thing that comes to most peoples minds when they think about determining the richest places is to simply identify personal incomes. the average home value is $1,471,700. The median sales price of homes in Riverside is $834,000. According to Area Vibes, the cost of living in Westport is 82% higher than the Connecticut average. They found this lovely old city during the Covid-19 pandemic and relocated for a safer and serene place to live. You can find out more about him on LinkedIn or his website. Riverside also offers residents a quick commute into NYC. Actual ranking depends on what metrics are used, but in general, Connecticut ranks within the five wealthiest states in the country. In addition to having a high income, Wilton residents also have a very low poverty rate at just 2.4%. Connecticut ( / kntkt / ( listen)) [10] is the southernmost state in the New England region of the Northeastern United States. Most of the townspeople hold bachelors degrees or higher. There is a good reason that Norwalk was listed as one of the. 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. Woodbridge is another wealthy Connecticut town. It has a population of 27,141. Southport has a long history as a summer resort and residential community. A median income that sits at a mammoth $352,839. As at 2019, Connecticut had a per capita income of $44,496. Norwalk, CT, USA 4. If you choose to rent an apartment, expect to pay an average of $1,866 monthly. Living in New Canaan is like being surrounded by family. Groton rounds out the list of richest cities in the number ten spot. A relatively small town, it offers the opportunity of doing great outdoor activities. Darien is a small town on Connecticut's gold coast that is home to approximately 6,759 people. Gov. 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. Want to learn more about Westport?