The communities in this city are close, and they love to sponsor community events for the residents and visitors. Its also home to the states only national historic site, Weir Farm. Save my name, email, and website in this browser for the next time I comment. However, we dont believe that one statistic wholly encompasses what it means to be one of the richest places. Atherton, CA topped the list. While the income number is higher than that of Milford, the higher unemployment rate of 7.9% gives this city a solid second place. And that makes living in the state expensive. Westport is one of the richest towns in Connecticut with a median household income of $222,375. The median income is $80,896. Connecticut's neighboring towns of Greenwich and Darien have a combined population of around . Its a small town of 10,354. Most of the townspeople hold bachelors degrees or higher. 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. With 733 . Youll find parades, festivals, and occasional pop-up art exhibitions. Ridgefield is also home to several conservation areas and preserves that provide a haven for wildlife such as deer, foxes, wild turkeys, and hawks. 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. If you plan to rent in the city, plan on paying double the national average as apartments and homes go for $2,469 per month. Test performance scores in public schools are ranked as excellent. 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. 91.82% of the Population is white, with 87.8% white students in the public school system. Home to some of the most affluent residents in Connecticut, Westport has a median household income of $206,466. However, its also popular among locals so much so that there are rumors that it might become a commuter town for New York City residents. The average family home retails for a massive $611,500, almost three times the . 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 unemployment rate is low compared to the state average, and commuters spend an average of 44 minutes driving to work. On this Wikipedia the language links are at the top of the page across from the article title. 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. 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 average home price in Southport is $600,000. 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. 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. 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. Because it is a coastal town, you can spend most of your time on the beach and in natural parks. The community is known for being tight-knit with safe streets, low unemployment rates, and top-notch schools. The 20 most affluent places, based on places with available data, all had household incomes above $485,000. From Hedge Fund Executives to High Profile Athletes, these wealthy Americans call Connecticut their home. The median sales price is residential sales data for 12 month period ending January 2023. Woodbridge is another wealthy Connecticut town. These are some, Read More The 10 Richest Zip Codes In CaliforniaContinue, Florida has the longest coastline of any state in the contiguous United States. All of these towns are located not too far east of Greenwich . The median home price in Essex was $651,000 in 2022. 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 schools also have state-of-the-art technology such as iPads and Smart Boards so students can learn in new ways. Southport has a long history as a summer resort and residential community. In 2018, the average household income in its Old Greenwich. However, it is true that overall, the Nutmeg State is richer than most. Westport residents live a good work-life balance with an average commute time of 44 minutes. $55,137 is the median income in this city while the unemployment and poverty rates are 7.5% and 13.4% respectively. According to the most recent data, the number of people living in Ridgefield has decreased by 0.7% since 2020. Southport is an affluent town in Connecticut. 1. Known for its luxury waterfront homes, Old Greenwich has a median sales price of $2,063,000. 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. Keep reading. Avons diversity rate is better than most of its neighboring communities. What is it like to live in Greenwich, CT? The unemployment rate is 3%, which beats the state average by 4.1%. 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. The median sales price of homes in Riverside is $834,000. The unemployment and poverty rates are 6.3% and 11.4% respectively. The result? The average home value is $1,150,400. Theres a reason this state is one of the richest in the country. The 20 Worst Places to Live if you Have Arthritis in The U.S. As a sign of just how rich this coastal Connecticut city is, the median income is a massive $321,377. 10. The median income is $80,896. Its median income is $58,717. Its also far below the national average rate of 3.9%. Stamford is a city in Fairfield County with a population of 14,499. All rights reserved. Its a socioeconomically Upper Middle-Class city with a median household income of $136,261. The town has attracted the rich and famous . Its quiet, with a population density of just over 2,000 people per square mile about half that of New York City. 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. Essex is another one of the richest towns in Connecticut. What are the richest towns in Connecticut? 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. Westport is a popular place for New Yorkers to visit on weekends because of its close proximity to Manhattan. The states Atlantic coast is to the east, while the Gulf of Mexico coastline is to the west. 20 Cities with the Worst Weather in the U.S. How Eiza Gonzalez Achieved a Net Worth of $5 Million. Want to learn more about Greenwich, CT? 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. There are many things that families love about living in Wilton including its great school system, safe neighborhoods, and access to shopping centers. By Joselynn Chua / February 27, 2023. Its also a great place for students who want to attend college because it has many colleges and universities nearby such as the University of Connecticut, Yale University, Quinnipiac University, and Sacred Heart University. As to which are the very wealthiest, find out now as we count down the 10 richest cities in Connecticut. Middletown, a riverside city south of Hartford, takes the 6th place spot with a median income of $63,828. Its a great place for families and young professionals to live. West Hartford, CT Annual household income: $142,197, 14. If the idea of paying $2,724 in rent each month makes you feel the same, definitely scratch it from your list. Its also very well educated, with over half of its residents having a college degree. 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. Fairfield County towns have made yet another list of the richest places in the U.S. The median household income in Wilton is $204,473 which is over twice as much as the state average of $79,043. The town center village is listed as a historic district on the National Register of Historic Places. Riverside residents are well educated with 73% of residents have obtained a bachelors degree or higher. Its a medium-sized town that has grown to become one of the most desirable places to live in Connecticut. 83% of the residents have a bachelors degree or higher, and the unemployment rate is low. A Bloomberg report is out on the 100 richest towns in America, and four towns in Connecticut made the list. The next town on this list is Wilton. There is a good reason that Norwalk was listed as one of the. Redding is one of the wealthiest towns in CT. Its a small upscale community with a population of 8,765. Its got a population of just over 20,249 (2020) people, but it feels much smaller than that. With a median household income of $129,919, it is home to approximately 25,033 people. 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. Fairfield is also very safe and has low crime rates. The average household income umped over $20k, but the cost of housing has also risen in this desirable community. People who suffer from the pain and discomfort of arthritis can improve their symptoms by avoiding certain climates. Connecticut is home to some of the wealthiest people in America. 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! Fairfield offers many different types of housing options including condos, apartments, townhomes, and single-family homes. (and lowest paying jobs). Use Next and Previous buttons to navigate. 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? South Glastonburys Census results show a total of 2038 households in the town. The most affluent settled in the area to enjoy its beautiful beaches and other luxury amenities. Property values are high, the median sales price is $1,029,000. Stamford is situated only 30 miles north of NYC, so it offers residents unparalleled access to the city. 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. The Population is 27,141, with an average rent of $2,724 if youre not a homeowner. There is a good reason that Norwalk was listed as one of the best places to live in America. Its in Hartford County. Only 4% of the homes in the community are available for rent. 25 Wealthiest Towns in the New York Suburbs, What are the Highest Paying Jobs in New York? Westport has a thriving luxury real estate market with the median sales price in Westport at $1,796,000. Fairfield County's Norwalk, CT is the third richest city in the Nutmeg State. We analyzed 21 places in Connecticut to determine where the 1% live. Old Greenwich residents live a good work-life balance with an average commute time of 38 minutes. If you dream of the quiet life, its ideal. 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. Look here. The richest town in Connecticut is Darien, with a median household income of $251,200. Connecticut is no ones idea of a poor state. Most websites that report demographics for Connecticut list Darian, as the richest city in the state, but World Population confirms that Southport jumped into the number one spot with an incredible average household income of $310,831. 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. Westport was third in the state, and no. Riverside residents live a good work-life balance with an average commute time of 37 minutes. Its a haven for New Yorks very rich to escape the hustle and bustle of big money firms and agencies. If you love the outdoors, check out the beautiful. According to homes.com, Ridgefield is one of the most expensive places in Connecticut to buy a home. Whenever any publication compiles a list of Americas richest cities, theres one name you can always count on seeing Old Greenwich. Head to, Natalie is a writer and travel enthusiast who loves uncovering new places along the East Coast. Dariens median home value is $1,654,00. 20. Name Census collected information for the past five years and breaks the average income levels by age group. The average household income in Woodbridge is $96,919, and the median home price is $595,000. How Much Are Closing Costs in Texas & Who Pays Them. It is one of the richest towns in Connecticut, boasting a median sales price of $1,835,000. What determines the overall wealth of a city? In fairness, the high prices arent unjustified. 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. 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. Fairfield, CT Annual household income: $139,122, 16. The average adjusted gross income is $222,660. Unfortunately, however, there can be only one Connecticut place thats worthy of the HomeSnacks crown. HomeSnacks is reader-supported. Fairfield. 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. Redding, CT Annual household income: $140,995, 15. The average home price in town is $780,000. Avon, CT Annual household income: $187,080, 10. Newtown Borough is being credited as the richest town in the state of Connecticut. Other factors influencing the ranking of this city included an unemployment rate of 6.6% and a poverty rate of 7.1%. The streets are safe, and the schools are highly rated. Visit Bloomberg for the full report. Theres usually something going on for recreation and entertainment in the town and surrounding areas. 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. The median home value is steep at $1,382,800 for 2022. Its also a better choice, Read More The 20 Best Places to Live with Low Humidity in the U.S.Continue. Learn how your comment data is processed. The average home price in Old Greenwich is $1.8 million. 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 It is also one of the most expensive places to live in the country, with a median home value of $1,051,014. The average renter pays $2,336 per month. If the thought of paying $868,200 for a home makes you feel queasy, you might want to give Weston a miss. Southport isnt the kind of city where keeping up with the neighbors comes cheaply. With a median household income of $1,471,700, this is no place for people on a shoestring budget. However, the average house prices range from $1,5 million to $3 million. The median household income in Riverside is $250,000, and most homes sell for over $2.5 million. It has a great location, close to major highways and a short drive from New York City. New Cannan, CT Average household income: $200,203.00, 8. Its a peaceful town thats a great place for people who want to get away from hectic city life and enjoy nature. The first thing that comes to most peoples minds when they think about determining the richest places is to simply identify personal incomes. If you want to live in one of Connecticuts richest places, youre going to need to make upwards of $59,791/year. The rankings are based on income and home value. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks. The Upper Middle-Class neighborhood has an unemployment rate of 2.8% in its 06073 zip code compared to the Harford County rate of 6% and the state rate of 4.01%. It is a picture-perfect neighborhood in the Town of Greenwich with beaches, highly rated schools, and an easy train ride to NYC. 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. Ridgefield is one of the wealthiest towns in Connecticut with a median household income of 133,647. (Infographic), What are the Highest Paying Jobs in Connecticut? Easton is a great place to raise a family because it has a good school system. The median income in this city is $81,634. 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. 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. Its also known for its rich history and is listed on the National Register of Historic Places as Woodbridge Green Historic District. A wealthy enclave on Connecticut's Gold Coast, Greenwich is consistently ranked as one of the richest cities in America. Although the town is small, youll find plenty of recreational venues, cafes, restaurants, and shops. Essex Village is a highly desirable community to live in for the affluent. 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. Weston is in Fairfield County. Its located in Fairfield County under the 06896 zip code, sharing a border with Danbury and Georgetown. Easton has a thriving downtown area with many restaurants, shops, and entertainment options. Just 16% of the homes are rentals. Darien is a small town on Connecticuts gold coast that is home to approximately 6,759 people. Darien residents live a good work-life balance with an average commute time of 39 minutes. The Census ranks individual city wealth by a formula that averages the household incomes, including the adjusted gross income and the average household income. It has a population of 27,141. A Bloomberg report is out on the 100 richest towns in America, and four towns in Connecticut made the list. West Simsbury, CT Annual household income: $109,590, 19. This affluent community is the home of 18,410 residents with an average age of 45 years, with slightly more females than males. Riverside has a population of 8,843. Isn't it grand to see Granby here in the top ten safest places in Connecticut. In fairness, you do get a lot of return for your investment. You can find out more about him on LinkedIn or his website. The town has the highest percentage of residents who are wealthy, at about 30 percent. >> Click through to see how each CT spot ranked as well as each household income average. As of the 2020 census, the population was 1,710. Thats right, folks, the Gold Coast didnt get its name because gold was found on Connecticuts beaches. 79.4% of the community are US-born citizens, with 11.73% born in other countries. The current Population is 2,601, with an annual growth rate of 0.35%. Four of the top 20 are places in New York, including Brookville village. In a city with a population of 52,005, the median income came in at $81,971. Fairfield County town is one of the most desirable places to live if you have the financial means. Four Connecticut towns made the top 50 list (well, three. 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. 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.. You can download the data here. The unemployment rate is slightly higher at 3.6%, with the average commute time for workers at 31.3 minutes. Home to some of the most affluent residents of Connecticut, Darien has a median household income of $232,523. Most of the residents have gainful employment with high-paying jobs. Shelton places in the number two spot with a median income of $87,277. 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. Source: US Internal Revenue Service - 2018. Love Connecticut? Want to know where Connecticuts 17 billionaires and 122,000 millionaires live? Darian, CT Annual household income: $232,523, 1. Here are the wealthiest towns in Connecticut. If you live in, Fairfield County's Norwalk, CT is the third richest city in the Nutmeg State. Woodbridge is another Connecticut hamlet passed over by statisticians pointing out the most affluent cities in Connecticut. Liz Flynn has worked as a full-time writer since 2010 after leaving a career in education. Middle-class and affluent, finding somewhere that doesnt test the limits of your credit card can be a chore, particularly if you reserve your home finding to Fairfield County, a place that boasts some of the wealthiest communities in the entire US. Southports location near New York City also makes it attractive for commuters working there. 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. The average home value is $650,400. Chris Kolmar has been in the real estate business for almost ten years now. Its an Upper-Middle-Class town with a median household income of just under $141K. Most of the properties in Riverside are primarily owner-occupied (80%) with only 20% rentals. 87% of the residents own their homes, and just 13% rent. COS COB, CT Annual household income: $136,261, 17. Milford grabbed the top place in this list of richest cities. The towns population is under 21,742 people, yet it is home to at least seven country clubs and three golf courses. The staggering low unemployment rate for 2022 is 0.4%, far below the county, state, and national averages for unemployment rates. Its come a long way in the past 10 years since the last Census. Liz loves the process of researching information, learning new things, and putting into words . After Riverside and Greenwich, the next four richest towns are Darien ($599,920), New Canaan ($532,440), Old Greenwich ($530,250), and Rowayton ($422,210).