richest towns in connecticut

A Bloomberg report is out on the 100 richest towns in America, and four towns in Connecticut made the list. The median house price in Westport is approximately $1.5 million. The second wealthiest town in Connecticut is Riverside. Its capital is Hartford, and its most populous city is Bridgeport. Dana has extensive professional writing experience including technical and report writing, informational articles, persuasive articles, contrast and comparison, grant applications, and advertisement. With salaries like that, most residents are having no problem in keeping up with those monster mortgage re-payments. The result? Darian If you want to live in Darian, you'd better start saving. Learn more about the Homesnacks methods that were used to collect the data and how the statistics were calculated. Newtown Borough is being credited as the richest town in the state of Connecticut. 22 overall, with average household income at $270,222. Four Connecticut towns made the top 50 list (well, three. He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move. Weston is one of the most affluent towns in Connecticut with winding country roads and highly regarded schools. The unemployment rate is 7.3% while the poverty rate is higher at 11.2%. The town has a thriving arts community and many of its residents are involved in local government or volunteer activities. 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. A comprehensive list of Connecticuts top 10 richest cities, ranked according to median income and other key indicators of wealth. Source: US Internal Revenue Service - 2018. Easton is a great place to raise a family because it has a good school system. With an average household income of $236,892 per year, it is one of the richest towns in the state. The median income in Danbury is $67,430 helping to secure its 5th place ranking. The bright side? 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. Most Expensively 2023. Rentals are much higher than most, with an average of $2,443 per month for non-homeowners. (Infographic), What are the Highest Paying Jobs in Connecticut? 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). 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. Lidia Ryan is the managing editor of trending and features for Hearst Connecticut Media Group and is part of the digital team. Wilton is surrounded by nature, offering many activities that are perfect for children and encouraging a healthy lifestyle. 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. Most of the residents are of white ethnicity, with only 6.1% of students in the public schools eligible for free or reduced lunch. 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. West Hartford, CT Annual household income: $142,197, 14. Woodbridge is another Connecticut hamlet passed over by statisticians pointing out the most affluent cities in Connecticut. The rankings are based on income and home value. Counties [ edit] Lidia has more than 10 years experience in news and digital media and holds a degree in journalism from the University of Connecticut. As at 2019, Connecticut had a per capita income of $44,496. Weston is also one of the best places in Connecticut to raise a family. I Spent a Day in One of America's Richest Cities: Greenwich, CT The average commute time from home to work is 23.6 minutes, suggesting ample employment opportunities in South Glastonbury. 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 a median income of $59,522, Naugatuck took ninth place. 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. 4.2% of public school students are eligible for free or reduced lunch, and test performance in the public schools for Redding is excellent. Theres a reason this state is one of the richest in the country. It has an average household income of $234,152 and 6,611 residents. It is a picture-perfect neighborhood in the Town of Greenwich with beaches, highly rated schools, and an easy train ride to NYC. 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. 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 town is also known for having excellent public schools. Its a small, charming seaside community in the Town of Greenwich with a population of 6,873. The upside to all those sky-high prices is a median income that ranks as one of the highest in the state. Fairfield County's Norwalk, CT is the third richest city in the Nutmeg State. The unemployment rate is low compared to the state average, and commuters spend an average of 44 minutes driving to work. The median household income in New Canaan is $214,977. They found this lovely old city during the Covid-19 pandemic and relocated for a safer and serene place to live. 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. The Census ranks individual city wealth by a formula that averages the household incomes, including the adjusted gross income and the average household income. Four Connecticut towns made the top 50 list (well, three depending on how you look at it): Darien, Old Greenwich, Riverside (Greenwich) and Westport. Most residents have at least a bachelors degree or higher and drive an average of 42 minutes to get to work. The oldest towns in Connecticut are perfect places to visit for those who love learning about history. Riverside residents live a good work-life balance with an average commute time of 37 minutes. The communities in this city are close, and they love to sponsor community events for the residents and visitors. This site uses Akismet to reduce spam. Its smaller than Ridgefield but slightly more affluent. Essex is situated near the Connecticut river, a few miles north of some of the states best beach towns. Located in Fairfield County, Darien residents have it all- pristine beaches, private Country Clubs and Yacht clubs, a charming downtown, and an easy train ride to NYC. The 20 Most Affordable Places to Live in Connecticut - Money Inc Wilton, CT Annual household income: $193,292, 9. Fairfield is one of the richest towns and among the best places to live in Connecticut. After all, rich people have really high salaries. 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. 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! Easton has excellent schools both public and private schools are available. Renters pay an average of $1,361 per month. The village also includes a historic mill complex and dam. It's also home to the state's only national historic site, Weir Farm. The average renter pays $2,336 per month. 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. And if you want to know where these wealthy Connecticutors live, take a look below at HomeSnacks list of the richest places in The Constitution State for 2023. Suburbs 101is an insiders guide to suburban living. Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. Some haulers caught, Arming guidance counselors? How Much Are Closing Costs in Texas & Who Pays Them. Head out on a fun getaway to these spots: Thank you! If you plan to buy a home in the city, the median home value is $330,100. 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. Whenever any publication compiles a list of Americas richest cities, theres one name you can always count on seeing Old Greenwich. Its also home to some of the most expensive homes in the state. Riverside Profile Page with Infographics. What determines the overall wealth of a city? 6. What makes some cities more prosperous than others? Whether you have money to burn or are living on a budget, everyone enjoys these free activities in Connecticut. The median home price in Essex was $651,000 in 2022. The poverty rate is remarkably low at 1.12%, with median rent at $1,832 per month. Connecticut's neighboring towns of Greenwich and Darien have a combined population of around . Riverside has a population of 8,843. 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. You'll receive your first newsletter soon! Darien is a small town on Connecticuts gold coast that is home to approximately 6,759 people. Its come a long way in the past 10 years since the last Census. 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 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. Download The Entire Connecticut Ranking Data. Fairfield offers many different types of housing options including condos, apartments, townhomes, and single-family homes. 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. If you can swallow up those property prices, theres a good chance youll be rewarded with an income in the region of $222,535. If you want to live in one of Connecticuts richest places, youre going to need to make upwards of $59,791/year. The median household income at Cos Cob is $138,125. If you live in, Fairfield County's Norwalk, CT is the third richest city in the Nutmeg State. A CT bill would expand it fur, Is CT recycling going into the trash? Ridgefield is also home to several conservation areas and preserves that provide a haven for wildlife such as deer, foxes, wild turkeys, and hawks. Above is a fundraiser at the famous Glass House in New Canaan. Its an Upper-Middle-Class town with a median household income of just under $141K. 4 CT towns make list of 100 richest towns in America - News 12 Networks Suburbs 101 confirms that Riverside is a wealthy suburb of the Town of Greenwich. According to homes.com, Ridgefield is one of the most expensive places in Connecticut to buy a home. 10. The average value of a home is just under $800,000, which is on par with the average household income. In Old Greenwich, homes are primarily owner-occupied (84%) and only 16% of homes in Old Greenwich are rentals. 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. 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! CT proposal causes confusion, concern. 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. Its in Hartford County. Here's The Richest Town In Connecticut | Darien, CT Patch Its a medium-sized town that has grown to become one of the most desirable places to live in Connecticut. In addition to having a high income, Wilton residents also have a very low poverty rate at just 2.4%. Learn how your comment data is processed. All rights reserved. Theres a premium on living in a safe neighborhood with all the trappings of a luxurious existence. The town also boasts one of the best school systems in all of Connecticut! Fairfield is also very safe and has low crime rates. Fairfield County towns have made yet another list of the richest places in the U.S. As a sign of just how rich this coastal Connecticut city is, the median income is a massive $321,377. 2015-2023 Chasing Chains, LLC. Flavian Johnny is the founder of Mostexpensively.com - a blog that serves as an invaluable resource for expatriates and travelers looking for something special and unique. Her works have been featured on Good Housekeeping,Next Luxury,Wanderlog,NurseJournal,NewsBreak,ThaiWare,and Yahoo. Numerous tech billionaires have called the town home, including Googles Eric Schmidt, Facebooks Sheryl Sandberg and Microsofts late co-founder Paul Allen.". 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. Fairfield County town is one of the most desirable places to live if you have the financial means. 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 terms of per capita income, Connecticut is the richest state in the United States of America. Easton, CT Annual household income: $166,875, 13. Only 15% of the residents rent because most people there are homeowners. 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. Renting is a little cheaper, but not by much expect to part with around $1,886 per month for an apartment. This is our tenth time ranking the richest cities in Connecticut. Its also one of the wealthiest towns in Connecticut, with a median annual income per family of $180,057. Were just going to leave this right here. 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. 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. Greenwich had a median household income of $180,484 in 2021 and is known as one of the richest cities in America. You can learn more about the top ten below or skip to the end to see the rankings for all 21 places. The 10 Richest Cities in Connecticut - Money Inc 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. Dariens median home value is $1,654,00. You're Really Wealthy If You Live In One Of These 6 CT - Patch The 10 Best Places To Live In Connecticut For 2022 - HomeSnacks 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. Home to some of the most affluent residents of Connecticut, Weston has a median household income of $222,535. It is one of the richest towns in Connecticut, boasting a median sales price of $1,835,000. And if you have some time on your hands, take a look at how the other 99% live in Connecticuts poorest places. Its quiet, with a population density of just over 2,000 people per square mile about half that of New York City. 89.3% of the homes are occupied by their owners, with 10.7% as rentals. Well, HomeSnacks crunched the numbers and discovered that Stamford is the most expensive place to live in Connecticut. People love to enjoy life and share it with family, friends, and neighbors. Property values are high, the median sales price is $1,029,000. 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. Home prices in town are also high, ranging from $500,000 to $4,000,000. 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. Westport is one of the richest towns in Connecticut with a median household income of $222,375. 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.

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