The average home value is $1,561,200, with 84% of the residents owning their own homes. Connecticut is no ones idea of a poor state. You're Really Wealthy If You Live In One Of These 6 CT - Patch New Canaan is one of the wealthiest towns in Connecticut with a median sales price of $1,155,000. From Hedge Fund Executives to High Profile Athletes, these wealthy Americans call Connecticut their home. Top 10 Richest Cities in Connecticut 2023 - namecensus.com The median household income in Riverside is $250,000, and most homes sell for over $2.5 million. In terms of per capita income, it beats the nearest competition by a huge margin of almost $4000. Learn how your comment data is processed. The states median household income is $79,043, which means that half of all households in the state earn above this amount and half earn below it. Use Next and Previous buttons to navigate. With its safe streets, world-class schools, plentiful amenities, and tempting $163,945 median income, its a great place to call home if your bank balance meets the challenge. Southports location near New York City also makes it attractive for commuters working there. 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. 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. 4 CT towns make list of 100 richest towns in America As the name implies, Southport is a port city that is situated on the coast. >> Click through to see how each CT spot ranked as well as each household income average. 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. Westport is one of the richest towns in Connecticut with a median household income of $222,375. New Cannan, CT Average household income: $200,203.00 Living in New Canaan is like being surrounded by family. Darien is a small town on Connecticut's gold coast that is home to approximately 6,759 people. 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. There are also several public parks located throughout Fairfield that offer great recreational opportunities such as tennis courts, baseball fields, basketball courts, and playgrounds for kids! Wilton has impressive parks and rec programs to provide residents with many green areas to enjoy public events or family picnics. Its a socioeconomically Upper Middle-Class city with a median household income of $136,261. The schools are among the best in the state, making them the ideal place to raise a family. Darians median home value sits at around $1.7M thats more than double the national average. The Population is 8,843 in this close-knit community. With a population of 63,518, Greenwich is an upscale community with a median household income of $180,44. If you want to live in one of Connecticuts richest places, youre going to need to make upwards of $59,791/year. Riverside Profile Page with Infographics. When you look at the data, the cities and places mentioned above meet the criteria for being at the very top of the income ladder for everyone that lives there. What is it like to live in Greenwich, CT? New Canaan has a small-town feel with big-city amenities. Its quiet, with a population density of just over 2,000 people per square mile about half that of New York City. The rankings are based on income and home value. 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 poverty rate is remarkably low at 1.12%, with median rent at $1,832 per month. The schools also have state-of-the-art technology such as iPads and Smart Boards so students can learn in new ways. And if you have some time on your hands, take a look at how the other 99% live in Connecticuts poorest places. All of this combines to make the local housing market expensive. The unemployment rate is slightly higher at 3.6%, with the average commute time for workers at 31.3 minutes. Most Dangerous Neighborhoods in Washington DC. Is Connecticut still the richest state in the nation? Barely Zip Data lists West Hartford as one of the 20 richest cities in the state. 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. 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. Suburbs 101 confirms that Riverside is a wealthy suburb of the Town of Greenwich. 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. 18 Top-Rated Small Towns in Connecticut | PlanetWare The unemployment rate is low compared to the state average, and commuters spend an average of 44 minutes driving to work. However, depending on the neighborhood, you can also find more affordable housing. Wilton is surrounded by nature, offering many activities that are perfect for children and encouraging a healthy lifestyle. The 10 Most Expensive Places To Live In Connecticut For 2023 - HomeSnacks 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! Although the town is small, youll find plenty of recreational venues, cafes, restaurants, and shops. Map of 25 Wealthiest Zipcodes in Connecticut Based on Average Adjusted Gross Income. 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. Related: The 10 Wealthiest Cities In New York. 96% of the residents are homeowners with a median home value of $868,200. There is a good reason that Norwalk was listed as one of the best places to live in America. The staggering low unemployment rate for 2022 is 0.4%, far below the county, state, and national averages for unemployment rates. The downtown area is quaint and charming with plenty of restaurants, shops, and entertainment options. Connecticut is the wealthiest state in the United States of America in terms of per capita incomes and wealth. The unemployment rate is 3.2%, compared to the Fairfield County unemployment rate of 5.2%. As to which are the very wealthiest, find out now as we count down the 10 richest cities in Connecticut. With fancy city names like Windsor and Danbury, Connecticut seems to ooze wealth around every corner. 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. With a median income of $59,522, Naugatuck took ninth place. 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 median household income is $99,791, and the average home price is $672,000. Ridgefield is one of the wealthiest towns in Connecticut with a median household income of 133,647. Riverside has a population of 8,843. Its smaller than Ridgefield but slightly more affluent. As at 2019, Connecticut had a per capita income of $44,496. Want to learn more about Riverside? The average home price in town is $780,000. Another one of the richest towns in Connecticut is Weston. The average income per family is $130,268, and home prices range anywhere between $500,000 to $2 million. The median home value in Greenwich is over $1.5 million, and many residents work in finance and banking in NYC. 10 Wealthiest Towns in Connecticut (2023) - Suburbs 101 Riverside residents live a good work-life balance with an average commute time of 37 minutes. Gov. 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. 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. Were just going to leave this right here. It also has a number of highly rated public and private schools, which can be a major plus for families with children. Jobs are plentiful in the area, with the working Population gainfully employed except for just 3.5%. The average home value is $466,000, making it one of the more affordable rich neighborhoods to buy a house. 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. Avon, CT Annual household income: $187,080, 10. Old Greenwich Profile Page with Infographics. 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. A Bloomberg report is out on the 100 richest towns in America, and four towns in Connecticut made the list. A wealthy enclave on Connecticut's Gold Coast, Greenwich is consistently ranked as one of the richest cities in America. This time the list is from Bloomberg. 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. CT proposal causes confusion, concern. Wilton is undoubtedly a wealthy community and one of the top ten richest in the state of Connecticut for 2022. Youll find parades, festivals, and occasional pop-up art exhibitions. 2015-2023 Chasing Chains, LLC. A Bloomberg report is out on the 100 richest towns in America, and four towns in Connecticut made the list. Located in Fairfield County, Westport is an affluent town with beaches, private Country Clubs, and Yacht Clubs. The second wealthiest town in Connecticut is Riverside. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks. The first thing that comes to most peoples minds when they think about determining the richest places is to simply identify personal incomes. The 10 Richest Cities in Connecticut - Most Expensively If the idea of paying $2,724 in rent each month makes you feel the same, definitely scratch it from your list. 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. Darien residents are well educated with 83% of residents having obtained a bachelors degree or higher. Some haulers caught, Arming guidance counselors? 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: 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 next richest town in Connecticut is Ridgefield. Old Greenwich Profile Page with Infographics. The 10 Wealthiest Neighborhoods in San Francisco, median household income of nearly $243,750, The 10 Wealthiest Cities In North Carolina, median household income in Wilton is $204,473, population of just over 20,249 (2020) people, median home value in Easton is over $772,758, The 10 Richest Cities in Michigan Based on Median Income, The 10 Richest Neighborhoods in New York City, The 10 Wealthiest Cities in Georgia Based on Median Income, The 10 Wealthiest Cities in California Based on Median Income, The 10 Wealthiest Cities in Illinois Based on Median Income, The 10 Wealthiest Cities in Missouri Based on Median Income, The 10 Wealthiest Cities in North Carolina Based on Median Income, The 10 Wealthiest Cities in Maryland Based on Median Income. Its among the top ten. This Is The Wealthiest Town In Connecticut Other factors influencing the ranking of this city included an unemployment rate of 6.6% and a poverty rate of 7.1%. It's also home to the state's only national historic site, Weir Farm. The median sales price is residential sales data for 12 month period ending January 2023. 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. America's millionaires are flocking to smaller cities. Take a look at Weston, CT Annual household income: 222,535, 3. Riverside Profile Page with Infographics. In Old Greenwich, homes are primarily owner-occupied (84%) and only 16% of homes in Old Greenwich are rentals. However, we dont believe that one statistic wholly encompasses what it means to be one of the richest places. Editors Note: Data has been updated for 2023. It is an affluent community that has a population of 20,622 individuals, and the majority of its residents, 80.1%, have completed at least a bachelors degree. The 20 Richest Towns in Connecticut in 2022; Liz Flynn. Weston is one of the most affluent towns in Connecticut with winding country roads and highly regarded schools. Whenever any publication compiles a list of Americas richest cities, theres one name you can always count on seeing Old Greenwich. The remaining six wealthy Connecticut communities, all in Greenwich, in order are. It is a picture-perfect neighborhood in the Town of Greenwich with beaches, highly rated schools, and an easy train ride to NYC. 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. Atherton, CA topped the list. In a city with a population of 52,005, the median income came in at $81,971. Grace Duffield / Hearst Connecticut Media file photo 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. Counties [ edit] They found this lovely old city during the Covid-19 pandemic and relocated for a safer and serene place to live. West Hartford, CT Annual household income: $142,197, 14. It is a very safe town surrounded by greenery. 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. Well, HomeSnacks crunched the numbers and discovered that Stamford is the most expensive place to live in Connecticut. Learn more about the Homesnacks methods that were used to collect the data and how the statistics were calculated. The state is home to 91 of the US 100 most affluent zip codes. A rain garden is an area dug slightly below the surrounding area that can catch and collect rainfall and keep it from carrying pollutants downstream. 83% of the residents have a bachelors degree or higher, and the unemployment rate is low. Its safe, with a low crime rate. South Glastonbury is a small town with a growing population ranging from 4848 to 5651. What determines the overall wealth of a city? New Canaan is expensive, even by Connecticut standards: The median home value is $1.9M, compared to $350,897 for the state overall. Connecticut has for many years been labeled the richest state in the nation because of its highest-in-the-nation per capita income, but that may be rapidly changing according to figures from the U.S. Bureau of Economic Analysis. Unfortunately, however, there can be only one Connecticut place thats worthy of the HomeSnacks crown. Greenwich had a median household income of $180,484 in 2021 and is known as one of the richest cities in America. The town has over 120 acres of open space and over 1,000 acres of parkland. 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. Wilton, CT Annual household income: $193,292, 9. The result? Connecticut - Forbes Want to learn more about Old Greenwich? It is a charming seaside neighborhood that is in the Town of Greenwich with waterfront homes and private beaches. Essex Village is a highly desirable community to live in for the affluent.
