richest towns in connecticut

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. Are you surprised by this list of the richest cities in Connecticut? 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. Most of the residents have gainful employment with high-paying jobs. Well, HomeSnacks crunched the numbers and discovered that Stamford is the most expensive place to live in Connecticut. What are the most charming small 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. 2015-2023 Chasing Chains, LLC. Located in Fairfield County, Weston has a population of 10,354. 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. The city has magnificent homes with long driveways accessible through winding country roads and beautiful landscapes. The average home value is $1,150,400. 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 high demand is getting harder to find places for sale. South Glastonbury, CT Annual household income: $135,596, 18. There is a good reason that Norwalk was listed as one of the. Renters pay an average of $1,361 per month. Read on to discover the 14 richest towns in Connecticut in 2022. 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. The unemployment rate is 3.2%, compared to the Fairfield County unemployment rate of 5.2%. Isn't it grand to see Granby here in the top ten safest places in Connecticut. An average home value of just a little under $800,000 might seem like a fortune to most of us, but to the residents of Wilton, its little more than small change, at least if the median income of $193,292 is anything to go by. You can find out more about him on LinkedIn or his website. (Infographic), What are the Highest Paying Jobs in Connecticut? Theres usually something going on for recreation and entertainment in the town and surrounding areas. 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. 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. All of this combines to make the local housing market expensive. The states Atlantic coast is to the east, while the Gulf of Mexico coastline is to the west. 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. As the name implies, Southport is a port city that is situated on the coast. Only 15% of the residents rent because most people there are homeowners. Atherton, CA topped the list. Related: The 10 Wealthiest Cities In California. With fancy city names like Windsor and Danbury, Connecticut seems to ooze wealth around every corner. Old Greenwich is one of the richest Neighborhoods in Connecticut with a median household income of $238,750. Redding, CT Annual household income: $140,995, 15. 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. Most of the residents are of white ethnicity, with only 6.1% of students in the public schools eligible for free or reduced lunch. Here are the 10 most expensive places to live in Connecticut for 2023: Stamford Norwalk Danbury New Haven Hartford Bridgeport Ansonia New London Middletown Groton What's the most expensive place to live in Connecticut? The village also includes a historic mill complex and dam. The poverty rate is remarkably low at 1.12%, with median rent at $1,832 per month. The community is close-knit and safe, and while its not exactly the most buzzing of places, its calm serenity and lovely scenery are attractions in their own right. The median home value is steep at $1,382,800 for 2022. 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: Located on Long Island Sound, Southport is a charming seaside community with a vibrant downtown area and beautiful beaches. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks. The median house price in Westport is approximately $1.5 million. The largest city in Litchfield County, Torrington, grabs the number eight spot. In fairness, the high prices arent unjustified. By Joselynn Chua / February 27, 2023. If youre thinking about moving to Austin and youre single without a family or spouse, you might find some neighborhoods, Read More The 10 Best Places to Live in Austin for SinglesContinue. Zip Data lists West Hartford as one of the 20 richest cities in the state. 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. 45.7% of the children in public schools are eligible for free or reduced lunch programs. Lidia has more than 10 years experience in news and digital media and holds a degree in journalism from the University of Connecticut. Other factors influencing the ranking of this city included an unemployment rate of 6.6% and a poverty rate of 7.1%. Jobs are plentiful in the city with a population of 7,453. The Easton School District offers many different programs including art, music, and sports. Below is a list of the wealthiest towns in Connecticut. The average renter pays $2,336 per month. 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. Ridgefield, CT Annual household income: $206,560, 6. Westport Profile Page with Infographics. It has an average household income of $234,152 and 6,611 residents. The streets are safe, and the schools are highly rated. Fairfield offers many different types of housing options including condos, apartments, townhomes, and single-family homes. What are the richest towns in Connecticut? >> Click through to see how each CT spot ranked as well as each household income average. Visit Bloomberg for the full report. They found this lovely old city during the Covid-19 pandemic and relocated for a safer and serene place to live. Newtown Borough is being credited as the richest town in the state of Connecticut. Keep reading. The town has over 120 acres of open space and over 1,000 acres of parkland. Weston has been named one of the best places to live by Money Magazine, and it has consistently been ranked as one of the safest towns in Connecticut. The third on the list is Westport. Whenever any publication compiles a list of Americas richest cities, theres one name you can always count on seeing Old Greenwich. Essex Village is a highly desirable community to live in for the affluent. The information presented in this article are based on data from theUS Census American Community SurveyandRedfin. 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. 6. Redding, Connecticut, is a small city with a population of 9,110. The average home price in town is $780,000. Cos Cob is one of the wealthiest communities in Connecticut with a median home sales price of $1,312,000. The rankings are based on income and home value. Only 16 states were represented in the top 100. 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. You catch that vibe when you visit New Canaan, but its not cheap to live there. How Much Are Closing Costs in Texas & Who Pays Them. The bright side? This affluent community is the home of 18,410 residents with an average age of 45 years, with slightly more females than males. Weston is one of the richest towns in Connecticut with a median household income of $207,863. Ned Lamont and General Assembly leaders to to focus on offsetting a potential property tax Armageddon. Its one of the areas wealthiest communities, with the median annual household income at over $215k. Old Greenwich Profile Page with Infographics. The unemployment rate is 7.3% while the poverty rate is higher at 11.2%. Wilton steps it up a notch with an upper-class community that is home to a close-knit community, schools that offer prestigious educational opportunities for students, big homes, and safe streets. The Census ranks individual city wealth by a formula that averages the household incomes, including the adjusted gross income and the average household income. Weston is in Fairfield County. On this Wikipedia the language links are at the top of the page across from the article title. It has an active social scene and boasts an impressive collection of restaurants, shops, and entertainment venues. Darien residents live a good work-life balance with an average commute time of 39 minutes. From Hedge Fund Executives to High Profile Athletes, these wealthy Americans call Connecticut their home. The town is home to many Fortune 500 companies such as General Electric and Terex Corporation. The schools are among the best in the state, making them the ideal place to raise a family. Most residents have at least a bachelors degree or higher and drive an average of 42 minutes to get to work. You're Really Wealthy If You Live In One Of These 6 CT - Patch Fairfield is a moderate-sized city in Fairfield County. 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. Greenwich is another of the wealthiest towns in Connecticut. After all, rich people have really high salaries. The 10 Richest Cities in Connecticut - Most Expensively Groton rounds out the list of richest cities in the number ten spot. To see the other wealthy places that made this list, take a look below. West Hartford, CT Annual household income: $142,197, 14. Its a small town of 10,354. Fairfield, CT Annual household income: $139,122, 16. This is our tenth time ranking the richest cities in Connecticut. Here's The Richest Town In Connecticut | Darien, CT Patch If you live in, Fairfield County's Norwalk, CT is the third richest city in the Nutmeg State. Darian, CT Annual household income: $232,523, 1. Riverside has a population of 8,843. 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. Old Greenwich is home to some of the wealthiest Connecticut residents. Darien is a small town on Connecticut's gold coast that is home to approximately 6,759 people. It has a population of 27,141. Look here. the average home value is $1,471,700. Head out on a fun getaway to these spots: Thank you! Some haulers caught, Arming guidance counselors? Ridgefield is also home to several conservation areas and preserves that provide a haven for wildlife such as deer, foxes, wild turkeys, and hawks. New Cannan, CT Average household income: $200,203.00, 8. Unfortunately, however, there can be only one Connecticut place that's worthy of the HomeSnacks crown. Learn more about the Homesnacks methods that were used to collect the data and how the statistics were calculated. Four Connecticut towns made the top 50 list (well, three depending on how you look at it): Darien, Old Greenwich, Riverside (Greenwich) and Westport. Besides these, Colorado has ongoing employment opportunities in aviation,, Read More The 10 Cheapest Places to Live in ColoradoContinue. Gov. What Is The Richest Town In Fairfield County? - PartyShopMaine 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. The benefits of living in this city are numerous, such as good schools, safe neighborhoods, and overall great lifestyle quality. The town is also home to many hedge fund managers, bankers, and lawyers. Woodbridge is another Connecticut hamlet passed over by statisticians pointing out the most affluent cities in Connecticut. It also has a number of highly rated public and private schools, which can be a major plus for families with children. Only 16 states were represented in the top 100. Riverside, CT Annual household income: $215,791, 5. Riverside also offers residents a quick commute into NYC. Westport is in the top five most affluent cities in Connecticut for 2022. The town also boasts one of the best school systems in all of Connecticut! The towns population is under 21,742 people, yet it is home to at least seven country clubs and three golf courses. A wealthy enclave on Connecticut's Gold Coast, Greenwich is consistently ranked as one of the richest cities in America. Ridgefield offers something for everyone from great schools to recreation for the whole family. 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. Its also a better choice, Read More The 20 Best Places to Live with Low Humidity in the U.S.Continue. 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. Download The Entire Connecticut Ranking Data. Wilton is undoubtedly a wealthy community and one of the top ten richest in the state of Connecticut for 2022.