We use data, analytics, and a sense of humor to determine quality of life for places across the nation. What determines the overall wealth of a city? A relatively small town, it offers the opportunity of doing great outdoor activities. Woodbridge is another wealthy Connecticut town. 20 Cities with the Worst Weather in the U.S. How Eiza Gonzalez Achieved a Net Worth of $5 Million. Other factors influencing the ranking of this city included an unemployment rate of 6.6% and a poverty rate of 7.1%. Home to some of the most affluent residents of Connecticut, Darien has a median household income of $232,523. According to the report, the four towns are Darien, Old Greenwich, Riverside, and . Fairfield is also very safe and has low crime rates. 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. California was the most represented with 23 cities and towns making the list. Dariens median home value is $1,654,00. If you live in, Fairfield County's Norwalk, CT is the third richest city in the Nutmeg State. The largest city in Litchfield County, Torrington, grabs the number eight spot. Ridgefield is also home to several conservation areas and preserves that provide a haven for wildlife such as deer, foxes, wild turkeys, and hawks. Located on Connecticut's Gold Coast, Greenwich is a financial powerhouse and also an exciting place to visit. It has an active social scene and boasts an impressive collection of restaurants, shops, and entertainment venues. If you can swallow up those property prices, theres a good chance youll be rewarded with an income in the region of $222,535. Want to learn more about Old Greenwich? The most affluent settled in the area to enjoy its beautiful beaches and other luxury amenities. The median home price in Essex was $651,000 in 2022. With an average family income of $209,635 and a population of 18,460 inhabitants, Wilton is a relatively wealthy town. Easton, CT Annual household income: $166,875, 13. Just 16% of the homes are rentals. The benefits of living in this city are numerous, such as good schools, safe neighborhoods, and overall great lifestyle quality. The Census ranks individual city wealth by a formula that averages the household incomes, including the adjusted gross income and the average household income. We suspect that the recent pandemic took a toll on residents who lost their jobs, with some forced to relocate for more affordable housing. It has a population of 27,141. Old Greenwich residents live a good work-life balance with an average commute time of 38 minutes. The average commute time for workers is 26.5 minutes, suggesting plenty of local jobs in the citys economy. Also in Fairfield County, the waterfront city of Stamford is ranked 4th on the list. 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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. Riverside residents live a good work-life balance with an average commute time of 37 minutes. Most of Connecticuts wealth is concentrated in Fairfield County, which contains many affluent suburbs in Connecticut. Related: The 10 Wealthiest Cities In New York. 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. She finds almost all topics she writes about interesting, but her favorite subjects are travel and food. 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. Riverside is home to some of the most affluent residents of Connecticut with a median household income of $215,791. Get more stories delivered right to your email. You'll receive your first newsletter soon! Married families in Ridgefield average an annual household income of 182,679, but the average is over $206k. 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. 20% of the residents pay rent, with 80% owning their homes. Weston is in Fairfield County. Be sure toFollow Us on Instagram,Like Us on Facebook, Subscribe to our YouTube Channel,and subscribe to ourMonthly Newsletter. 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. Most of the residents are of white ethnicity, with only 6.1% of students in the public schools eligible for free or reduced lunch. Her works have been featured on Good Housekeeping,Next Luxury,Wanderlog,NurseJournal,NewsBreak,ThaiWare,and Yahoo. The greatest investment during 2015 has been in the alternative accommodations, Read More Where $100 million in Vacation Rental Startups is GoingContinue, Colorado is an incredible state to stay in if you are looking for a place with amazing weather, plenty of food, sports, cultural, and outdoor activities. Norwalk, CT, USA 4. (and lowest paying jobs). Darians median home value sits at around $1.7M thats more than double the national average. South Glastonbury, CT Annual household income: $135,596, 18. 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. With fancy city names like Windsor and Danbury, Connecticut seems to ooze wealth around every corner. 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. In addition to having a high income, Wilton residents also have a very low poverty rate at just 2.4%. 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. Unfortunately, however, there can be only one Connecticut place that's worthy of the HomeSnacks crown. The unemployment and poverty rates are 7.9% and 8.5% respectively. Darien The richest town in Connecticut is Darien, with a median household income of $251,200. 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. The average family home retails for a massive $611,500, almost three times the national average. To see the other wealthy places that made this list, take a look below. The 20 Worst Places to Live if you Have Arthritis in The U.S. The states Atlantic coast is to the east, while the Gulf of Mexico coastline is to the west. The average income per family is $130,268, and home prices range anywhere between $500,000 to $2 million. Its a desirable place to live if you can afford the costs. Editors Note: Data has been updated for 2023. Its the place where many believe this country originated, being home to the historic city of Plymouth. 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. 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. The average value of a home is just under $800,000, which is on par with the average household income. The 20 Richest Towns in Connecticut in 2022; Liz Flynn. 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. As at 2019, Connecticut had a per capita income of $44,496. It is located about 29 miles northeast of New York City, offering residents an easy commute to the city. Wilton is also known as the village because of its quaint feel with many historic homes and buildings. Keep reading. They found this lovely old city during the Covid-19 pandemic and relocated for a safer and serene place to live. Connecticut is no ones idea of a poor state. Most of the townspeople hold bachelors degrees or higher. Old Greenwich Annual household income: $222,794, 2. Actual ranking depends on what metrics are used, but in general, Connecticut ranks within the five wealthiest states in the country. It has an average household income of $204,792, and the home prices range between $600,000-$800,000. With a median household income just shy of a quarter-million a year, Darian is an exclusive place to live. Whenever any publication compiles a list of Americas richest cities, theres one name you can always count on seeing Old Greenwich. If you want to live in one of Connecticuts richest places, youre going to need to make upwards of $59,791/year. 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. The median home value is $766,900, making it more affordable than some other affluent communities. 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. Its the basis on which we chose the 20 richest towns in Connecticut, and the results might surprise you. Ridgefield is one of the wealthiest towns in Connecticut with a median household income of 133,647. Only 16 states were represented in the top 100. Other areas of wealth in the state include suburbs surrounding New Haven and Hartford, as well as pockets of Litchfield County. Most Expensively 2023. Zip Data lists West Hartford as one of the 20 richest cities in the state. Its a medium-sized town that has grown to become one of the most desirable places to live in Connecticut. Fairfield County is very close to New York City. What is it like to live in Greenwich, CT? The average renter pays $2,336 per month. Theres usually something going on for recreation and entertainment in the town and surrounding areas. View Map of 25 Poorest Zipcodes in Connecticut. 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. 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. By Joselynn Chua / February 27, 2023. It is a picture-perfect neighborhood in the Town of Greenwich with beaches, highly rated schools, and an easy train ride to NYC. Isn't it grand to see Granby here in the top ten safest places in Connecticut. The town is partly in Hartford County, with some areas in Middlesex County. Darien has a population of 21,499. Let us take a look at some of the richest towns in Connecticut that make up the per capita income. Wilton is undoubtedly a wealthy community and one of the top ten richest in the state of Connecticut for 2022. Chris Kolmar has been in the real estate business for almost ten years now. Download The Entire Connecticut Ranking Data. A Bloomberg report is out on the 100 richest towns in America, and four towns in Connecticut made the list. Despite its small size, it is home to 18,932 people. Well, HomeSnacks crunched the numbers and discovered that Stamford is the most expensive place to live in Connecticut. Are you surprised by this list of the richest cities in Connecticut? Easton has a thriving downtown area with many restaurants, shops, and entertainment options. The Gold Coast, also known as Lower Fairfield County or Southwestern Connecticut not limited to the Connecticut panhandle, . Redding is one of the wealthiest towns in CT. Its a small upscale community with a population of 8,765. It also has a number of highly rated public and private schools, which can be a major plus for families with children. Fairfield, CT Annual household income: $139,122, 16. Home to some of the most affluent residents of Connecticut, Weston has a median household income of $222,535. 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. Its a city of high-earners who live the high life enjoying their private yacht and country clubs, with access to the citys pristine beaches. Its capital is Hartford, and its most populous city is Bridgeport. The city has grown over the past decade, increasing from 8,223 residents to 9,110. Head to, Natalie is a writer and travel enthusiast who loves uncovering new places along the East Coast. Four Connecticut towns made the top 50 list (well, three. Liz loves the process of researching information, learning new things, and putting into words . 79.4% of the community are US-born citizens, with 11.73% born in other countries. Wilton is surrounded by nature, offering many activities that are perfect for children and encouraging a healthy lifestyle. Its also far below the national average rate of 3.9%. Westport is one of the wealthiest towns in Connecticut. Redding has a median home sales price of $1,030,000 and a median household income of $138,125. 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. Its a socioeconomically Upper Middle-Class city with a median household income of $136,261. The unemployment rate is 3.2%, compared to the Fairfield County unemployment rate of 5.2%. Darian will be the second wealthiest city in Connecticut in 2022. Home to some of the most affluent residents in Connecticut, Westport has a median household income of $206,466. Connecticut's neighboring towns of Greenwich and Darien have a combined population of around . According to the most recent data, the number of people living in Ridgefield has decreased by 0.7% since 2020. West Simsbury, CT Annual household income: $109,590, 19. The information presented in this article are based on data from theUS Census American Community SurveyandRedfin. That ratio steadily has been. Riverside is one of the wealthiest communities in Connecticut. 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. CT proposal causes confusion, concern. Connecticut has a large number of wealthy towns and cities with high incomes among its residents, but this does not mean that every resident of Connecticut lives in a wealthy area. The average home value is $1,150,400. Above is a fundraiser at the famous Glass House in New Canaan. 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. Test performance scores in public schools are ranked as excellent. The average home value is $1,561,200, with 84% of the residents owning their own homes. 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. The median home value in Greenwich is over $1.5 million, and many residents work in finance and banking in NYC. In fairness, the high prices arent unjustified. In terms of per capita income, it beats the nearest competition by a huge margin of almost $4000. Middletown, a riverside city south of Hartford, takes the 6th place spot with a median income of $63,828. Its come a long way in the past 10 years since the last Census. A handful of factors, from the number of businesses in an area to its median income, have an impact on whether residents are thriving or struggling financially. 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". Wealthiest Towns in CT Final - Suburbs 101. 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. Redding residents enjoy a peaceful life in a rural setting, away from the hustle and bustle of city living, yet still within a 1.5 hour drive to Manhattan. The local school system is also amongst the best in the state. It's also one of the most expensive places to live in the country, with a median home price of over $1.5 million. Avon, CT Annual household income: $187,080, 10. The average commute time from home to work is 23.6 minutes, suggesting ample employment opportunities in South Glastonbury. Riverside has a population of 8,843. Name Census collected information for the past five years and breaks the average income levels by age group. Source: US Internal Revenue Service - 2018. Essex Village, CT Annual household income: $172,302, 12. Most of Connecticut's wealth is concentrated in Fairfield County, which contains many affluent suburbs in Connecticut. The unemployment rate is just 3.1%, with an average commute of 33 minutes. If you're looking for a fun day trip, you will really enjoy, The city of Bristol with a population of 60,437 is ranked number seven. Theres a reason this state is one of the richest in the country. The median income in Danbury is $67,430 helping to secure its 5th place ranking. It is also one of the most diverse towns in the state, with over 50% of its residents being foreign-born. 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). However, the average house prices range from $1,5 million to $3 million. Unfortunately, however, there can be only one Connecticut place thats worthy of the HomeSnacks crown. The unemployment and poverty rates are 7.9% and 8.5% respectively. As a sign of just how rich this coastal Connecticut city is, the median income is a massive $321,377. Rentals are much higher than most, with an average of $2,443 per month for non-homeowners. Westport residents live a good work-life balance with an average commute time of 44 minutes. 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. 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. Darien Profile Page with Infographics. As to which are the very wealthiest, find out now as we count down the 10 richest cities in Connecticut. 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. New Cannan, CT Average household income: $200,203.00 Living in New Canaan is like being surrounded by family. 1. Darien is a small town on Connecticut's gold coast that is home to approximately 6,759 people. 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. Its also home to some of the most expensive homes in the state. Point 2 Point Homes advises that the small community of 8,779 people has an average household income of more than $200k per year. A town covered in vibrant nature, Avon is one of the richest towns in Connecticut. >> Click through to see how each CT spot ranked as well as each household income average. Westport, CT Annual household income: $222,535, 4. Its a small, charming seaside community in the Town of Greenwich with a population of 6,873. Love Connecticut? From Hedge Fund Executives to High Profile Athletes, these wealthy Americans call Connecticut their home. The average age of residents is between 56 to 57 years, with a white demographic of 89.65%, 5.26% for people claiming mixed race ethnicity, 3.57% African American and 1.54% Asian American. If you want to live in Darian, youd better start saving. 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. Most residents have at least a bachelors degree or higher and drive an average of 42 minutes to get to work.
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