Editors Note: Data has been updated for 2023. So, want to know where its just as difficult to Keep up with the Connecticuters as it is The Kardashians? If you plan to buy a home in New Canaan, the average price is $1.36 million. The median household income at Cos Cob is $138,125. Learn more about the Homesnacks methods that were used to collect the data and how the statistics were calculated. 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. 45.7% of the children in public schools are eligible for free or reduced lunch programs. Not to mention, if youre looking to get your kid into a university that produces more millionaires than the Connecticut Lottery, theres the University of Connecticut in Storrs and Yale University in New Haven. Home prices in town are also high, ranging from $500,000 to $4,000,000. Related: The 10 Wealthiest Cities In Missouri. Most Expensively 2023. 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. Most of the townspeople hold bachelors degrees or higher. The most charming small towns in Connecticut are perfect for a day trip or a new home. The town also boasts one of the best school systems in all of Connecticut! The third on the list is Westport. Look here. And that makes living in the state expensive. What are the most charming small towns in Connecticut? The next town on this list is Wilton. Connecticut ( / kntkt / ( listen)) [10] is the southernmost state in the New England region of the Northeastern United States. The average home price in Southport is $600,000. With salaries like that, most residents are having no problem in keeping up with those monster mortgage re-payments. Wilton is surrounded by nature, offering many activities that are perfect for children and encouraging a healthy lifestyle. Its also home to the states only national historic site, Weir Farm. The unemployment and poverty rates are 7.9% and 8.5% respectively. You'll receive your first newsletter soon! 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. And if you have some time on your hands, take a look at how the other 99% live in Connecticuts poorest places. Ridgefield, CT Annual household income: $206,560, 6. Haub, who took over the company after the death of his brother, Karl-Erivan, is now worth an estimated $2.9 billion. 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. We suspect that the recent pandemic took a toll on residents who lost their jobs, with some forced to relocate for more affordable housing. Old Greenwich residents are well educated with 80% of residents have obtained a bachelors degree or higher. The greatest investment during 2015 has been in the alternative accommodations, Read More Where $100 million in Vacation Rental Startups is GoingContinue, Colorado is an incredible state to stay in if you are looking for a place with amazing weather, plenty of food, sports, cultural, and outdoor activities. Check them out: What are the oldest towns in Connecticut? Fairfield offers many different types of housing options including condos, apartments, townhomes, and single-family homes. Gov. 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. The Population is 27,141, with an average rent of $2,724 if youre not a homeowner. Westport is one of the wealthiest towns in Connecticut. Its come a long way in the past 10 years since the last Census. Want to learn more about Riverside? Connecticut is no ones idea of a poor state. The second wealthiest town in Connecticut is Riverside. Redding, Connecticut, is a small city with a population of 9,110. Want to learn more about Darien? 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. This small coastal town is the perfect place for raising children, and you can enjoy plenty of outdoor activities, especially walking in nature. Home to some of the most affluent residents of Connecticut, Weston has a median household income of $222,535. 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. Read on to discover the 14 richest towns in Connecticut in 2022. By Joselynn Chua / February 27, 2023. 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. With a median household income just shy of a quarter-million a year, Darian is an exclusive place to live. A comprehensive list of Connecticuts top 10 richest cities, ranked according to median income and other key indicators of wealth. The average income per family is $130,268, and home prices range anywhere between $500,000 to $2 million. If you love the outdoors, check out the beautiful. If the idea of paying $2,724 in rent each month makes you feel the same, definitely scratch it from your list. Its a haven for New Yorks very rich to escape the hustle and bustle of big money firms and agencies. Atherton, CA topped the list. Darien residents live a good work-life balance with an average commute time of 39 minutes. 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. The unemployment rate is just 3.1%, with an average commute of 33 minutes. If you want to live in Darian, youd better start saving. 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 upside to all those sky-high prices is a median income that ranks as one of the highest in the state. 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. It is also one of the most expensive places to live in the country, with a median home value of $1,051,014. Unfortunately, however, there can be only one Connecticut place that's worthy of the HomeSnacks crown. 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. 14 Richest Towns in Connecticut Darien Riverside Westport Old Greenwich Wilton Weston Greenwich Southport New Canaan Avon Ridgefield Stamford Woodbridge Essex 1. 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". The median household income is $99,791, and the average home price is $672,000. Besides these, Colorado has ongoing employment opportunities in aviation,, Read More The 10 Cheapest Places to Live in ColoradoContinue. The average value of a home is just under $800,000, which is on par with the average household income. 6. The town is home to many Fortune 500 companies such as General Electric and Terex Corporation. 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 community is known for being tight-knit with safe streets, low unemployment rates, and top-notch schools. Its also home to some of the most expensive homes in the state. The average household income in Woodbridge is $96,919, and the median home price is $595,000. 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. Old Greenwich enjoys a low crime rate and excellent public schools. The unemployment rate is 8.0% and the poverty rate is 8.9%. 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. 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. The first thing that comes to most peoples minds when they think about determining the richest places is to simply identify personal incomes. Living in New Canaan is like being surrounded by family. Westport is in the top five most affluent cities in Connecticut for 2022. It is a picture-perfect neighborhood in the Town of Greenwich with beaches, highly rated schools, and an easy train ride to NYC. If you want to live in one of Connecticuts richest places, youre going to need to make upwards of $59,791/year. Most of Connecticut's wealth is concentrated in Fairfield County, which contains many affluent suburbs in Connecticut. 89.3% of the homes are occupied by their owners, with 10.7% as rentals. Its a small, charming seaside community in the Town of Greenwich with a population of 6,873. As to which are the very wealthiest, find out now as we count down the 10 richest cities in Connecticut. There are many things that families love about living in Wilton including its great school system, safe neighborhoods, and access to shopping centers. It's also home to the state's only national historic site, Weir Farm. Related: The 10 Wealthiest Cities In New York. The unemployment rate tries to capture the prospects for more people to become rich. Westport has a thriving luxury real estate market with the median sales price in Westport at $1,796,000. Weston is one of the most affluent towns in Connecticut with winding country roads and highly regarded schools. In Old Greenwich, homes are primarily owner-occupied (84%) and only 16% of homes in Old Greenwich are rentals. The median income is $80,896. New Canaan is one of the wealthiest towns and among the best places to live in Connecticut. The average family home retails for a massive $611,500, almost three times the national average. Whenever any publication compiles a list of Americas richest cities, theres one name you can always count on seeing Old Greenwich. From Hedge Fund Executives to High Profile Athletes, these wealthy Americans call Connecticut their home. With 733 . With a median household income of $129,919, it is home to approximately 25,033 people. All rights reserved. The 2010 Census revealed a growth from 6.751 residents to 7,150, showing that the town is gaining its population base. Its also known for its rich history and is listed on the National Register of Historic Places as Woodbridge Green Historic District. 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%. If you dream of the quiet life, its ideal. All Rights Reserved. According to Area Vibes, the cost of living in Westport is 82% higher than the Connecticut average. 1. According to the most recent data, the number of people living in Ridgefield has decreased by 0.7% since 2020. Its quiet, with a population density of just over 2,000 people per square mile about half that of New York City. Redding, CT Annual household income: $140,995, 15. It's also one of the most expensive places to live in the country, with a median home price of over $1.5 million. Its got a population of just over 20,249 (2020) people, but it feels much smaller than that. Avons diversity rate is better than most of its neighboring communities. The small community has a population of 7,586 residents. Weston, CT Annual household income: 222,535, 3. What makes some cities more prosperous than others? Woodbridge, CT Annual household income: $205,541, 7. Head to, Natalie is a writer and travel enthusiast who loves uncovering new places along the East Coast. Stamford Wikipedia/John 1. 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. 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. With fancy city names like Windsor and Danbury, Connecticut seems to ooze wealth around every corner. With a median income of $59,522, Naugatuck took ninth place. With an average family income of $209,635 and a population of 18,460 inhabitants, Wilton is a relatively wealthy town. 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. The average home value is $1,150,400. The schools are excellent and the town is beautiful, with tree-lined streets and old-fashioned townhouses. The median income in Bristol is $61,551 while the unemployment rate is 7.8% and the poverty rate is 10.3%. The median home value is $766,900, making it more affordable than some other affluent communities. Liz Flynn has worked as a full-time writer since 2010 after leaving a career in education. A wealthy enclave on Connecticut's Gold Coast, Greenwich is consistently ranked as one of the richest cities in America. If you choose to rent an apartment, expect to pay an average of $1,866 monthly. Most of the residents have gainful employment with high-paying jobs. Married families in Ridgefield average an annual household income of 182,679, but the average is over $206k. Easton has excellent schools both public and private schools are available. Want to learn more about Weston? Darian will be the second wealthiest city in Connecticut in 2022. The average commute time from home to work is 31 minutes. A median income that sits at a mammoth $352,839. 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. 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. The town is also home to many hedge fund managers, bankers, and lawyers. 78% of them have at least a bachelors degree. Westport is one of the richest towns in Connecticut with a median household income of $222,375. West Simsbury, CT Annual household income: $109,590, 19. 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. 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. 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. Hoping for a glimpse at some of those gorgeous views for which this town is known? 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. We use data, analytics, and a sense of humor to determine quality of life for places across the nation. Southport has a long history as a summer resort and residential community. Considering Connecticut isnt the cheapest state in the US to start with, that alone should give you some idea of just how rich this little city is. 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.
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