richest towns in connecticut
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. 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. The unemployment rate is 3.2%, compared to the Fairfield County unemployment rate of 5.2%. 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. The upscale community attracts residents who commute to New York City because its easy train ride to Manhattan. The Community Trail runs along the Long Island Sound and is a great place to walk or ride your bike. 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. Suburbs 101is an insiders guide to suburban living. Lidia has more than 10 years experience in news and digital media and holds a degree in journalism from the University of Connecticut. Being a coastal city, citizens have plenty of opportunities to spend their free time. 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. Married families in Ridgefield average an annual household income of 182,679, but the average is over $206k. 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. The median sales price of homes in Riverside is $834,000. 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. If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already. Living in New Canaan is like being surrounded by family. It also has a number of highly rated public and private schools, which can be a major plus for families with children. Fairfield is one of the richest towns and among the best places to live in Connecticut. Its a small, affluent community where the average commute time for workers is 35.5 minutes, and test performance scores for public school students are excellent. Her works have been featured on Good Housekeeping,Next Luxury,Wanderlog,NurseJournal,NewsBreak,ThaiWare,and Yahoo. As to which are the very wealthiest, find out now as we count down the 10 richest cities in Connecticut. Most of Connecticuts wealth is concentrated in Fairfield County, which contains many affluent suburbs in Connecticut. 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 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. 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. Greenwich is another of the wealthiest towns in Connecticut. Weston, CT Annual household income: 222,535, 3. 20 Cities with the Worst Weather in the U.S. How Eiza Gonzalez Achieved a Net Worth of $5 Million. 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. 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. Ridgefield offers something for everyone from great schools to recreation for the whole family. Wilton is also known as the village because of its quaint feel with many historic homes and buildings. 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. Many of these towns are wonderful places to live due to their incredible verdant spaces and proximity to the city and ocean. 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. Shelton. From Hedge Fund Executives to High Profile Athletes, these wealthy Americans call Connecticut their home. 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. The second wealthiest town in Connecticut is Riverside. If you live in, Fairfield County's Norwalk, CT is the third richest city in the Nutmeg State. If you can swallow up those property prices, theres a good chance youll be rewarded with an income in the region of $222,535. 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. It has a great location, close to major highways and a short drive from New York City. The next richest town in Connecticut is Ridgefield. It is a charming seaside neighborhood that is in the Town of Greenwich with waterfront homes and private beaches. The average family home retails for a massive $611,500, almost three times the national average. 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. Redding, CT Annual household income: $140,995, 15. The rankings are based on income and home value. It is also one of the most expensive places to live in the country, with a median home value of $1,051,014. The city deserves its spot on the list as its well above the average US income. If you want to live in Darian, youd better start saving. The richest town in Connecticut is Darien, with a median household income of $251,200. the average home value is $1,471,700. Darian, CT Annual household income: $232,523, 1. 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? 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 oldest towns in Connecticut are perfect places to visit for those who love learning about history. The communities in this city are close, and they love to sponsor community events for the residents and visitors. When you click through real estate links on our site, we earn an affiliate commission. DiscoverNet | The 10 Richest Cities in Connecticut New Cannan, CT Average household income: $200,203.00 Living in New Canaan is like being surrounded by family. Middletown, a riverside city south of Hartford, takes the 6th place spot with a median income of $63,828. 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: The town is partly in Hartford County, with some areas in Middlesex County. Wealthiest Towns in CT Final - Suburbs 101 The median household income in Riverside is $250,000, and most homes sell for over $2.5 million. Fairfield, CT Annual household income: $139,122, 16. In fairness, the high prices arent unjustified. 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. Only 16 states were represented in the top 100. It is bordered by Rhode Island to the east, Massachusetts to the north, New York to the west, and Long Island Sound to the south. Use Next and Previous buttons to navigate. In Old Greenwich, homes are primarily owner-occupied (84%) and only 16% of homes in Old Greenwich are rentals. Darian is one of the richest towns in Connecticut with a median household income of nearly $243,750. The unemployment and poverty rates are 7.9% and 8.5% respectively. 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. The first thing that comes to most peoples minds when they think about determining the richest places is to simply identify personal incomes. Avons diversity rate is better than most of its neighboring communities. Want to learn more about Riverside? The unemployment and poverty rates are 6.3% and 11.4% respectively. As a sign of just how rich this coastal Connecticut city is, the median income is a massive $321,377. 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. As the name implies, Southport is a port city that is situated on the coast. 2015-2023 Chasing Chains, LLC. The schools are among the best in the state, making them the ideal place to raise a family. Renters pay an average of $1,361 per month. With a median household income of $129,919, it is home to approximately 25,033 people. 9. The next town on this list is Wilton. Riverside is home to some of the most affluent residents of Connecticut with a median household income of $215,791. Want to learn more about Weston? A median income that sits at a mammoth $352,839. 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 median income is $80,896. Its one of the areas wealthiest communities, with the median annual household income at over $215k. Westport Profile Page with Infographics. 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. Let's go! It has an active social scene and boasts an impressive collection of restaurants, shops, and entertainment venues. Located on Long Island Sound, Southport is a charming seaside community with a vibrant downtown area and beautiful beaches. 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. Learn how your comment data is processed. Westport is one of the richest towns in Connecticut with a median household income of $222,375. Essex Village, CT Annual household income: $172,302, 12. The unemployment and poverty rates are 7.9% and 8.5% respectively. Lidia Ryan is the managing editor of trending and features for Hearst Connecticut Media Group and is part of the digital team. The median household income is just over $190K per year. Let us take a look at some of the richest towns in Connecticut that make up the per capita income. Test performance scores in public schools are above average, slightly lower than in Ridgefield. Norwalk, CT, USA 4. What is it like to live in Greenwich, CT. Southports location near New York City also makes it attractive for commuters working there. The beautiful neighborhood is small, just 6,962, after the influx of rich business professionals. 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). However, it is true that overall, the Nutmeg State is richer than most. 14 Richest Towns in Connecticut (2022) | PropertyClub If you dream of the quiet life, its ideal. This Is The Richest Town In Connecticut | iHeart The average home value is $1,561,200, with 84% of the residents owning their own homes. Riverside Profile Page with Infographics. Save my name, email, and website in this browser for the next time I comment. The median income in Bristol is $61,551 while the unemployment rate is 7.8% and the poverty rate is 10.3%. Some work at private companies and governmental institutions. 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. The largest city in Litchfield County, Torrington, grabs the number eight spot. Old Greenwich Profile Page with Infographics. Here's The Richest Town In Connecticut | Darien, CT Patch The 10 Richest Cities in Connecticut - Most Expensively On the plus side, the median income of $190,227 is equally jaw-dropping. Its an Upper-Middle-Class town with a median household income of just under $141K. 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? The financial news and opinion site 24/7 Wall St . Westport, CT Annual household income: $222,535, 4. According to the report, the four towns are Darien, Old Greenwich, Riverside, and . 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! There are plenty of shopping and fine dining venues in Riverside. Jobs are plentiful in the city with a population of 7,453. The unemployment rate for the city is 3.6%, compared to the state average of 4.1%, and theyre doing well in securing work. Fairfield County town is one of the most desirable places to live if you have the financial means. Stamford, CT Annual household income: $152,102, 11. The town has the highest percentage of residents who are wealthy, at about 30 percent. In terms of per capita income, Connecticut is the richest state in the United States of America. It has an average household income of $234,152 and 6,611 residents. Essex is situated near the Connecticut river, a few miles north of some of the states best beach towns. Connecticut's neighboring towns of Greenwich and Darien have a combined population of around . 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". Westport is in the top five most affluent cities in Connecticut for 2022. That ratio steadily has been. Its located in Fairfield County under the 06896 zip code, sharing a border with Danbury and Georgetown. However, test score performance in the public school system gets a poor ranking. 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 When Does a Seller Get Their Money After Closing on a House? The Population is 27,141, with an average rent of $2,724 if youre not a homeowner. New Canaan is situated right next to Darien and is also one of the richest towns in Connecticut. We suspect that the recent pandemic took a toll on residents who lost their jobs, with some forced to relocate for more affordable housing. If you plan to buy a home in New Canaan, the average price is $1.36 million. 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 median household income is $99,791, and the average home price is $672,000. 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 20 Richest Towns in Connecticut in 2022; Liz Flynn. 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. Woodbridge is another wealthy Connecticut town. 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. Westport is a very desirable place to live as it ranks highly for safety. Fairfield County's Norwalk, CT is the third richest city in the Nutmeg State. School test performance scores are above average, and 9.2% of students are eligible for free or reduced lunches at school. The schools also have state-of-the-art technology such as iPads and Smart Boards so students can learn in new ways. The Population for 2020 was 1,797, but it has grown to 1,839 for 2022. The bright side? 6. 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. Southport is an affluent town in Connecticut. Well, HomeSnacks crunched the numbers and discovered that Stamford is the most expensive place to live in Connecticut. The 20 Richest Towns in Connecticut - moneyinc.com Home to some of the most affluent residents in Connecticut, Westport has a median household income of $206,466. All Rights Reserved. Some haulers caught, Arming guidance counselors? Darien Profile Page with Infographics. This is our tenth time ranking the richest cities in Connecticut. Westport residents live a good work-life balance with an average commute time of 44 minutes. 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. 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. The unemployment rate is 7.3% while the poverty rate is higher at 11.2%. The climate is better for persons with allergies, asthma, and other respiratory conditions. Head out on a fun getaway to these spots: Thank you! The unemployment rate is slightly higher at 3.6%, with the average commute time for workers at 31.3 minutes. Map of 25 Wealthiest Zipcodes in Connecticut Based on Average Adjusted Gross Income. Southport has a long history as a summer resort and residential community. Theyre well educated, and many residents commute to the city for their jobs with an average travel time of 38 minutes. While the income number is higher than that of Milford, the higher unemployment rate of 7.9% gives this city a solid second place. Be sure toFollow Us on Instagram,Like Us on Facebook, Subscribe to our YouTube Channel,and subscribe to ourMonthly Newsletter. Its also home to some of the most expensive homes in the state. 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. The median sales price is residential sales data for 12 month period ending January 2023. The states Atlantic coast is to the east, while the Gulf of Mexico coastline is to the west. 10. Among Connecticut cities and towns, the wealthiest are the big spenders The average family home retails for a massive $611,500, almost three times the . Its also one of the most expensive places to live in the country, with a median home price of over $1.5 million. HomeSnacks is reader-supported. It has a population of 27,141. The average price of a home is $611,500, nearly three times the national average. The average commute time from home to work is 31 minutes. COS COB is a Fairfield county city that extends to the border of the Stamford city limits. Although the town only has 6,754 residents, the median income per capita is $91,618, which is well above the average median income in the US. Get more stories delivered right to your email. The median household income in Wilton is $204,473 which is over twice as much as the state average of $79,043. Education Levels Wilton has impressive parks and rec programs to provide residents with many green areas to enjoy public events or family picnics. Related: The 10 Wealthiest Neighborhoods in San Francisco. It has a population of 27,141. Its a peaceful town thats a great place for people who want to get away from hectic city life and enjoy nature. 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. Here are the wealthiest towns in Connecticut. 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. Its not difficult to find a home to buy or rent, as there are 3,122 homes in the town, with just 2,935 currently occupied. Weston Profile Page with Infographics. 18 Top-Rated Small Towns in Connecticut | PlanetWare She finds almost all topics she writes about interesting, but her favorite subjects are travel and food. The 10 Richest Cities in Connecticut - Money Inc A relatively small town, it offers the opportunity of doing great outdoor activities. 4 CT towns make list of 100 richest towns in America In addition to having a high income, Wilton residents also have a very low poverty rate at just 2.4%. View Map of 25 Poorest Zipcodes in Connecticut. Theres a reason this state is one of the richest in the country. Fairfield. It has an average household income of $204,792, and the home prices range between $600,000-$800,000. 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! 91.82% of the Population is white, with 87.8% white students in the public school system. We use data, analytics, and a sense of humor to determine quality of life for places across the nation. Riverside Profile Page with Infographics. Darien residents are well educated with 83% of residents having obtained a bachelors degree or higher. You catch that vibe when you visit New Canaan, but its not cheap to live there. Its a great place to raise kids, with top-rated schools and safe streets. Redding is one of the wealthiest towns in CT. Its a small upscale community with a population of 8,765. The remaining six wealthy Connecticut communities, all in Greenwich, in order are. Rentals are much higher than most, with an average of $2,443 per month for non-homeowners. 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. If you plan to buy a home in the city, the median home value is $330,100. If the idea of paying $2,724 in rent each month makes you feel the same, definitely scratch it from your list. Its quiet, with a population density of just over 2,000 people per square mile about half that of New York City. Easton is a cute little city located just a short hop, skip, and a jump away from the amenities and attractions of the New York City metro area. Youll find parades, festivals, and occasional pop-up art exhibitions. Riverside, CT Annual household income: $215,791, 5. United States locations by per capita income, List of Connecticut locations by per capita income, United States counties by per capita income, "U.S. Census Bureau QuickFacts: Connecticut", "SELECTED ECONOMIC CHARACTERISTICS 2011-2015 American Community Survey 5-Year Estimates", "Profile of General Population and Housing Characteristics: 2010 Demographic Profile Data", U.S. states and territories by per capita income, List of United States counties by per capita income, Highest-income counties in the United States, Highest-income metropolitan statistical areas in the United States, Highest-income urban areas in the United States, Highest-income ZCTAs in the United States, Lowest-income counties in the United States, https://en.wikipedia.org/w/index.php?title=List_of_Connecticut_locations_by_per_capita_income&oldid=1133314595, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 13 January 2023, at 05:01. The 20 Most Affordable Places to Live in Connecticut - Money Inc It is a Fairfield County city home to many wealthy residents who enjoy private country clubs, yacht clubs, and pristine beaches. 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 town has a population of about 10,278 (2020) people and has a median age of 42 years old. (Infographic), What are the Highest Paying Jobs in Connecticut? 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. Is Connecticut still the richest state in the nation? Barely
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