This small coastal town is the perfect place for raising children, and you can enjoy plenty of outdoor activities, especially walking in nature. Its a great place to raise kids, with top-rated schools and safe streets. To keep this list focused on city-sized spots, only communities with more than 9,000 people were considered, including the lovely Norwalk, Connecticut. Want to learn more about Riverside? The first European settlement was established there in, Read More The 20 Best Places to Live in MassachusettsContinue, Already in the first quarter of 2016, vacation rental startup companies have attracted almost $100 million in investments across the United States and Europe. Education Levels 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. Lidia has more than 10 years experience in news and digital media and holds a degree in journalism from the University of Connecticut. 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 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. 20% of the residents pay rent, with 80% owning their homes. Suburbs 101 confirms that Riverside is a wealthy suburb of the Town of Greenwich. Westport is a very desirable place to live as it ranks highly for safety. Other areas of wealth in the state include suburbs surrounding New Haven and Hartford, as well as pockets of Litchfield County. 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. A relatively small town, it offers the opportunity of doing great outdoor activities. The median household income in Riverside is $250,000, and most homes sell for over $2.5 million. 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. Its smaller than Ridgefield but slightly more affluent. There is a good reason that Norwalk was listed as one of the. If youre planning a move to Tennessee, then youll be happy to know that there are some areas that are among the most beautiful in scenery as the landscape changes from one season to another. 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. Well, according to the latest Census data, the richest place in The Nutmeg State is Shelton. 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. You can download the data here. The median income is $80,896. The median income in this city is $81,634. A list of the richest cities in Connecticut was released by Homesnacks and we think you might be surprised at which places made the list. Woodbridge is another wealthy Connecticut town. There are plenty of shopping and fine dining venues in Riverside. Theres usually something going on for recreation and entertainment in the town and surrounding areas. 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. 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! Head out on a fun getaway to these spots: Thank you! 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. And if you have some time on your hands, take a look at how the other 99% live in Connecticuts poorest places. Connecticut is one of the wealthiest states in the US. The unemployment and poverty rates are 7.9% and 8.5% respectively. Weston is one of the most affluent towns in Connecticut with winding country roads and highly regarded schools. The town is home to many Fortune 500 companies such as General Electric and Terex Corporation. Westport is in the top five most affluent cities in Connecticut for 2022. If you want to live in Darian, youd better start saving. We also looked at things that make rich people happy: fellow neighbors with high median income levels, world class educational opportunities, low crime, and posh amenities. Its in Hartford County. The information presented in this article are based on data from theUS Census American Community SurveyandRedfin. Darien The richest town in Connecticut is Darien, with a median household income of $251,200. West Simsbury, CT Annual household income: $109,590, 19. If you live in, Fairfield County's Norwalk, CT is the third richest city in the Nutmeg State. While the income number is higher than that of Milford, the higher unemployment rate of 7.9% gives this city a solid second place. It is located about 29 miles northeast of New York City, offering residents an easy commute to the city. Shelton has an extremely successful economy, with the 2nd lowest poverty level and lowest unemployment rate in Connecticut, at 5.4% and 4.9% respectively. Essex Village is a highly desirable community to live in for the affluent. Its also known for its rich history and is listed on the National Register of Historic Places as Woodbridge Green Historic District. 20. It is also one of the most diverse towns in the state, with over 50% of its residents being foreign-born. Its also a better choice, Read More The 20 Best Places to Live with Low Humidity in the U.S.Continue. Westport residents are well educated with 78% of residents having obtained a bachelors degree or higher. When you click through real estate links on our site, we earn an affiliate commission. The climate is better for persons with allergies, asthma, and other respiratory conditions. California was the most represented with 23 cities and towns making the list. Zip Data lists West Hartford as one of the 20 richest cities in the state. The town is also known for having excellent public schools. The unemployment rate is 8.0% and the poverty rate is 8.9%. Fairfield County is very close to New York City. Its a desirable place to live if you can afford the costs. Currently, Lee is practicing the smidgen of Chinese that he picked up while visiting the Chinese mainland in hopes of someday being able to read certain historical texts in their original language. The unemployment rate, as of 2022, is 3.3%, far lower than the state unemployment rate of 4.1%. The median income is $80,896. If you want to live in one of Connecticuts richest places, youre going to need to make upwards of $59,791/year. Darien residents live a good work-life balance with an average commute time of 39 minutes. Riverside, CT Annual household income: $215,791, 5. Not all of the countries have a great reputation, Read More The 20 Best Places to Live in Latin AmericaContinue, There are quite a few reasons why people choose to live in areas that have low humidity. Visit Bloomberg for the full report. The crime rate in this town is also very low with only 5% of residents reporting that they had been victims of crime during the last year. Four Connecticut towns made the top 50 list (well, three. A town covered in vibrant nature, Avon is one of the richest towns in Connecticut. With a median household income of $1,471,700, this is no place for people on a shoestring budget. The town also boasts one of the best school systems in all of Connecticut! Its among the top ten. There is a good reason that Norwalk was listed as one of the best places to live in America. With fancy city names like Windsor and Danbury, Connecticut seems to ooze wealth around every corner. Related: The 10 Wealthiest Cities In California. 87% of the residents own their homes, and just 13% rent. The average home value is $650,400. If youre curious enough, here are the poorest cities in Connecticut, according to data: Poorest: Hartford2nd Poorest: Bridgeport3rd Poorest: Waterbury. Feel free to check out some more reading about Connecticut: Population: 40,944Rank Last Year: 1 (No Change)Median Income: $103,647Unemployment Rate: 5.0%Poverty Rate: 6.0%More on Shelton: Real Estate|Photos, Population: 50,694Rank Last Year: 2 (No Change)Median Income: $97,951Unemployment Rate: 5.6%Poverty Rate: 4.1%More on Milford: Real Estate|Photos, Population: 134,820Rank Last Year: 3 (No Change)Median Income: $99,791Unemployment Rate: 5.5%Poverty Rate: 9.4%More on Stamford: Real Estate|Photos, Population: 31,586Rank Last Year: 4 (No Change)Median Income: $86,900Unemployment Rate: 6.1%Poverty Rate: 4.9%More on Naugatuck: Real Estate|Photos, Population: 60,733Rank Last Year: 5 (No Change)Median Income: $73,604Unemployment Rate: 5.9%Poverty Rate: 8.9%More on Bristol: Real Estate|Photos, Population: 86,197Rank Last Year: 7 (Up 1)Median Income: $74,600Unemployment Rate: 6.0%Poverty Rate: 10.6%More on Danbury: Real Estate|Photos, Population: 90,821Rank Last Year: 6 (Down 1)Median Income: $91,434Unemployment Rate: 6.6%Poverty Rate: 9.7%More on Norwalk: Real Estate|Photos, Population: 47,164Rank Last Year: 8 (No Change)Median Income: $67,485Unemployment Rate: 5.6%Poverty Rate: 11.2%More on Middletown: Real Estate|Photos, Population: 40,020Rank Last Year: 9 (No Change)Median Income: $59,791Unemployment Rate: 6.1%Poverty Rate: 10.6%More on Norwich: Real Estate|Photos, Population: 55,518Rank Last Year: 12 (Up 2)Median Income: $66,868Unemployment Rate: 8.7%Poverty Rate: 11.8%More on West Haven: Real Estate|Photos. 1. Southports location near New York City also makes it attractive for commuters working there. How Much Are Closing Costs in Texas & Who Pays Them. 9. 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. Most residents have at least a bachelors degree or higher and drive an average of 42 minutes to get to work. Renting is a little cheaper, but not by much expect to part with around $1,886 per month for an apartment. Redding has a median home sales price of $1,030,000 and a median household income of $138,125. The town is partly in Hartford County, with some areas in Middlesex County. As at 2019, Connecticut had a per capita income of $44,496. New Cannan, CT Average household income: $200,203.00, 8. The 20 Worst Places to Live if you Have Arthritis in The U.S. (Infographic), What are the Highest Paying Jobs in Connecticut? Located in Fairfield County, Weston has a population of 10,354. Its got a population of just over 20,249 (2020) people, but it feels much smaller than that. With a median income of $59,522, Naugatuck took ninth place. 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. Easton has a thriving downtown area with many restaurants, shops, and entertainment options. Are you surprised by this list of the richest cities in Connecticut? Want to learn more about Greenwich, CT? With a population of 20,622 inhabitants, the average income per household is $145,244. Southport has a long history as a summer resort and residential community. Liz loves the process of researching information, learning new things, and putting into words . 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. 2015-2023 Chasing Chains, LLC. 22 overall, with average household income at $270,222. 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). The towns population is under 21,742 people, yet it is home to at least seven country clubs and three golf courses. The schools are excellent and the town is beautiful, with tree-lined streets and old-fashioned townhouses. Riverside Profile Page with Infographics. The high demand is getting harder to find places for sale. 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 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. 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. Weston is one of the richest towns in Connecticut with a median household income of $207,863. The town is also home to many hedge fund managers, bankers, and lawyers. Despite its small size, it is home to 18,932 people. The Community Trail runs along the Long Island Sound and is a great place to walk or ride your bike. 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. 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. Test performance scores in public schools are above average, slightly lower than in Ridgefield. Southport is an affluent town in Connecticut. What is it like to live in Greenwich, CT. Keep reading. The local school system is also amongst the best in the state. School test performance scores are above average, and 9.2% of students are eligible for free or reduced lunches at school. Besides these, Colorado has ongoing employment opportunities in aviation,, Read More The 10 Cheapest Places to Live in ColoradoContinue. That ratio steadily has been. We love the detailed statistics that give us a clear snapshot of the socioeconomic dynamics of the city. 25 Wealthiest Towns in the New York Suburbs, What are the Highest Paying Jobs in New York? It is a Fairfield County city home to many wealthy residents who enjoy private country clubs, yacht clubs, and pristine beaches. As to which are the very wealthiest, find out now as we count down the 10 richest cities in Connecticut. Despite its high per capita income, Connecticut is mainly a middle-class state. You catch that vibe when you visit New Canaan, but its not cheap to live there. 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. Westport Profile Page with Infographics. The bright side? The town has the highest percentage of residents who are wealthy, at about 30 percent. There are also many beautiful parks and green spaces throughout town. The unemployment rate for the city is 3.6%, compared to the state average of 4.1%, and theyre doing well in securing work. 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. 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. Fairfield is also very safe and has low crime rates. Check them out: What are the oldest towns in Connecticut? Its a small town of 10,354. The city has grown over the past decade, increasing from 8,223 residents to 9,110. Connecticut's neighboring towns of Greenwich and Darien have a combined population of around . Riverside is one of the wealthiest communities in Connecticut. 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. If you can swallow up those property prices, theres a good chance youll be rewarded with an income in the region of $222,535. Easton has excellent schools both public and private schools are available. Its also very well educated, with over half of its residents having a college degree. Wilton is surrounded by nature, offering many activities that are perfect for children and encouraging a healthy lifestyle. On this Wikipedia the language links are at the top of the page across from the article title. Living in New Canaan is like being surrounded by family. People who suffer from the pain and discomfort of arthritis can improve their symptoms by avoiding certain climates. Stamford Wikipedia/John The median home value is steep at $1,382,800 for 2022. The average renter pays $2,336 per month. 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. Related: The 10 Wealthiest Cities In North Carolina. 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. Old Greenwich Annual household income: $222,794, 2. Its also home to the states only national historic site, Weir Farm. Southport, CT Annual household income: $310,831, The 10 Best Places to Live in Austin for Singles, The 20 Safest Places To Live in Tennessee, Tips on How to Use a HELOC To Buy Real Estate, The 20 Best Places to Live in Latin America. With salaries like that, most residents are having no problem in keeping up with those monster mortgage re-payments. Chris Kolmar has been in the real estate business for almost ten years now. She finds almost all topics she writes about interesting, but her favorite subjects are travel and food. The median income in Danbury is $67,430 helping to secure its 5th place ranking. Read More The 20 Safest Places To Live in TennesseeContinue, If you dont know what a HELOC is, dont feel stupid. Almost 6,300 communities met the criteria, which includes approximately 75% of total households in the U.S.". Located on Long Island Sound, Southport is a charming seaside community with a vibrant downtown area and beautiful beaches. As of the 2020 census, the population was 1,710. Connecticut is no ones idea of a poor state. 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. From Hedge Fund Executives to High Profile Athletes, these wealthy Americans call Connecticut their home. In a city with a population of 52,005, the median income came in at $81,971. In Old Greenwich, homes are primarily owner-occupied (84%) and only 16% of homes in Old Greenwich are rentals. The fourth wealthiest town in Connecticut is Old Greenwich. If you plan to buy a home in New Canaan, the average price is $1.36 million. Jobs are plentiful in the area, with the working Population gainfully employed except for just 3.5%. It has a great location, close to major highways and a short drive from New York City. Wilton, CT Annual household income: $193,292, 9. West Simsbury is classified socioeconomically as an upper-middle-class zip code compared to other zip codes in Connecticut. The percentage of students eligible for participation in reduced or free lunch programs is 32.7%, which is low compared to many other cities in the state. Its the basis on which we chose the 20 richest towns in Connecticut, and the results might surprise you. Westport is one of the richest towns in Connecticut with a median household income of $222,375. 79.4% of the community are US-born citizens, with 11.73% born in other countries. 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. The Population for 2020 was 1,797, but it has grown to 1,839 for 2022. 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. Middletown, a riverside city south of Hartford, takes the 6th place spot with a median income of $63,828. The city has magnificent homes with long driveways accessible through winding country roads and beautiful landscapes. The average family home retails for a massive $611,500, almost three times the . To see the other wealthy places that made this list, take a look below. . Lidia Ryan is the managing editor of trending and features for Hearst Connecticut Media Group and is part of the digital team. The city is in Fairfield County, with Census Bureau statistics that list the racial majority as 89.61% white, with similar demographics in the public schools. Inflation-adjusted household income is one of the factors. Old Greenwich residents live a good work-life balance with an average commute time of 38 minutes. Fairfield County town is one of the most desirable places to live if you have the financial means. 78% of them have at least a bachelors degree. The schools also have state-of-the-art technology such as iPads and Smart Boards so students can learn in new ways. 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. 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. The small community has a population of 7,586 residents. 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.. 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.

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