Suburbs 101is an insiders guide to suburban living. Test performance scores in public schools are ranked as excellent. The town center village is listed as a historic district on the National Register of Historic Places. To find out which Connecticut cities are doing the best and why we compared the most recent data from the U.S. Census Bureau to our own city-level income data to determine Americas richest cities. Many of these towns are wonderful places to live due to their incredible verdant spaces and proximity to the city and ocean. Its one of the areas wealthiest communities, with the median annual household income at over $215k. The average home value is $1,561,200, with 84% of the residents owning their own homes. This affluent community is the home of 18,410 residents with an average age of 45 years, with slightly more females than males. Located in Fairfield County, Westport is an affluent town with beaches, private Country Clubs, and Yacht Clubs. 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. All of this combines to make the local housing market expensive. 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 commute time from home to work is 35.7 minutes. With a median household income of $1,471,700, this is no place for people on a shoestring budget. 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. The Census ranks individual city wealth by a formula that averages the household incomes, including the adjusted gross income and the average household income. Darians median home value sits at around $1.7M thats more than double the national average. 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. Wilton is undoubtedly a wealthy community and one of the top ten richest in the state of Connecticut for 2022. COS COB is a Fairfield county city that extends to the border of the Stamford city limits. Easton has excellent schools both public and private schools are available. With a median household income of $129,919, it is home to approximately 25,033 people. Learn more about the Homesnacks methods that were used to collect the data and how the statistics were calculated. We then averaged all the rankings for a place into a Rich Score with the place having the lowest overall Rich Score, Shelton, crowned the Richest City In Connecticut For 2023. The second wealthiest town in Connecticut is Riverside. According to the most recent data, the number of people living in Ridgefield has decreased by 0.7% since 2020. The unemployment rate is just 3.1%, with an average commute of 33 minutes. Essex is another one of the richest towns in Connecticut. Westport is one of the richest towns in Connecticut with a median household income of $222,375. The unemployment rate is 8.6% and the poverty rate is 10% in this city. They found this lovely old city during the Covid-19 pandemic and relocated for a safer and serene place to live. Property values are high, the median sales price is $1,029,000. The unemployment rate is lower than the state rate of 4.1% and the national rate of 3.9%. Haub, who took over the company after the death of his brother, Karl-Erivan, is now worth an estimated $2.9 billion. Westport has a thriving luxury real estate market with the median sales price in Westport at $1,796,000. The average renter pays $2,336 per month. Some haulers caught, Arming guidance counselors? Old Greenwich Profile Page with Infographics. The median sales price of homes in Riverside is $834,000. Four Connecticut towns made the top 50 list (well, three depending on how you look at it): Darien, Old Greenwich, Riverside (Greenwich) and Westport. Some work at private companies and governmental institutions. Its safe, with a low crime rate. New Canaan is situated right next to Darien and is also one of the richest towns in Connecticut. 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. As the name implies, Southport is a port city that is situated on the coast. OnlyInYourState may earn compensation through affiliate links in this article. The median income is $80,896. The unemployment rate is low compared to the state average, and commuters spend an average of 44 minutes driving to work. Its also home to the states only national historic site, Weir Farm. The schools are among the best in the state, making them the ideal place to raise a family. What is it like to live in Greenwich, CT? >> Click through to see how each CT spot ranked as well as each household income average. The median income in Bristol is $61,551 while the unemployment rate is 7.8% and the poverty rate is 10.3%. However, depending on the neighborhood, you can also find more affordable housing. Its an Upper-Middle-Class town with a median household income of just under $141K. The town has a thriving arts community and many of its residents are involved in local government or volunteer activities. 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. Woodbridge is another Connecticut hamlet passed over by statisticians pointing out the most affluent cities in Connecticut. Old Greenwich is home to some of the wealthiest Connecticut residents. West Hartford, CT Annual household income: $142,197, 14. Being a coastal city, citizens have plenty of opportunities to spend their free time. 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. As a sign of just how rich this coastal Connecticut city is, the median income is a massive $321,377. The median home value is steep at $1,382,800 for 2022. COS COB, CT Annual household income: $136,261, 17. Cos Cob is one of the wealthiest communities in Connecticut with a median home sales price of $1,312,000. New Cannan, CT Average household income: $200,203.00 Living in New Canaan is like being surrounded by family. South Glastonbury is a small town with a growing population ranging from 4848 to 5651. 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. Numerous tech billionaires have called the town home, including Googles Eric Schmidt, Facebooks Sheryl Sandberg and Microsofts late co-founder Paul Allen.". Darian, CT Annual household income: $232,523, 1. With an average household income of $236,892 per year, it is one of the richest towns in the state. Check them out: What are the oldest towns in Connecticut? There are plenty of shopping and fine dining venues in Riverside. Darien is a small town on Connecticut's gold coast that is home to approximately 6,759 people. The Census revealed that 87.21% of the people living in the city are white, with 80.8 of students in the public schools listed as white. The unemployment and poverty rates are 7.9% and 8.5% respectively. According to homes.com, Ridgefield is one of the most expensive places in Connecticut to buy a 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. 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! Whenever any publication compiles a list of Americas richest cities, theres one name you can always count on seeing Old Greenwich. Atherton, CA topped the list. Related: The 10 Wealthiest Cities In California. 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. With Connecticut being so close to New York City, it has become a favorite place for wealthy New Yorkers looking to buy a quaint, suburban home. The town has the highest percentage of residents who are wealthy, at about 30 percent. Avons diversity rate is better than most of its neighboring communities. And that makes living in the state expensive. 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. West Simsbury has 151,104 residents as of 2022. 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 things to do including going to the beach and shopping at the local malls. As one of the Nutmeg state's oldest towns, it also represents one of the richest. Its a medium-sized town that has grown to become one of the most desirable places to live in Connecticut. Liz Flynn has worked as a full-time writer since 2010 after leaving a career in education. Located on Connecticut's Gold Coast, Greenwich is a financial powerhouse and also an exciting place to visit. Southport isnt the kind of city where keeping up with the neighbors comes cheaply. Her works have been featured on Good Housekeeping,Next Luxury,Wanderlog,NurseJournal,NewsBreak,ThaiWare,and Yahoo. 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. Westport is a popular place for New Yorkers to visit on weekends because of its close proximity to Manhattan. It's also very well educated, with over half of its residents having a college degree. For example, those with families may, Read More The 20 Best Places to Live in OklahomaContinue, Austin, Texas is a thriving city that appeals to people from all walks of life. The 20 Best Places to Live with Low Humidity in the U.S. 20 Cities with The Worst Weather in Europe, How Zac Stacy Achieved a Net Worth of $6 Million. 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. Learn how your comment data is processed. It also has a number of highly rated public and private schools, which can be a major plus for families with children. Want to learn more about Old Greenwich? Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. New Canaan and other wealthy towns made it onto the state's list of "disproportionately impacted areas" for favorable treatment in the marijuana legalization rollout, due to a quirk in the data. Its a desirable place to live if you can afford the costs. The median sales price is residential sales data for 12 month period ending January 2023. 2015-2023 Chasing Chains, LLC. 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. 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. Middletown, a riverside city south of Hartford, takes the 6th place spot with a median income of $63,828. Theyre well educated, and many residents commute to the city for their jobs with an average travel time of 38 minutes. Darien The richest town in Connecticut is Darien, with a median household income of $251,200. When you click through real estate links on our site, we earn an affiliate commission. Whether you have money to burn or are living on a budget, everyone enjoys these free activities in Connecticut. Darien residents are well educated with 83% of residents having obtained a bachelors degree or higher. 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. The town has its own train station and airport called Sikorsky Memorial Airport that allows residents to travel easily to Manhattan by train or plane. We also looked at things that make rich people happy: fellow neighbors with high median income levels, world class educational opportunities, low crime, and posh amenities. This site uses Akismet to reduce spam. The states Atlantic coast is to the east, while the Gulf of Mexico coastline is to the west. Related: The 10 Wealthiest Cities In North Carolina. 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). The town is home to many Fortune 500 companies such as General Electric and Terex Corporation. Weston is one of the most affluent towns in Connecticut with winding country roads and highly regarded schools. Its located in Fairfield County under the 06896 zip code, sharing a border with Danbury and Georgetown. The median sales price of homes in Weston is $1,225,000 with 96% of homes owner-occupied and only 4% of homes being rentals. Unfortunately, however, there can be only one Connecticut place that's worthy of the HomeSnacks crown. Westport is in the top five most affluent cities in Connecticut for 2022. 20% of the residents pay rent, with 80% owning their homes. Connecticut is the wealthiest state in the United States of America in terms of per capita incomes and wealth. 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 unemployment rate is 8.0% and the poverty rate is 8.9%. What is it like to live in Greenwich, CT. The upscale community attracts residents who commute to New York City because its easy train ride to Manhattan. The town also boasts one of the best school systems in all of Connecticut! While the income number is higher than that of Milford, the higher unemployment rate of 7.9% gives this city a solid second place. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks. The city deserves its spot on the list as its well above the average US income. 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 median household income is $99,791, and the average home price is $672,000. The unemployment rate is 3%, which beats the state average by 4.1%. HomeSnacks is reader-supported. Riverside is home to some of the most affluent residents of Connecticut with a median household income of $215,791. Located in Fairfield County, Weston has a population of 10,354. 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. Her academic degrees include AA social Sci/BA English/MEd Adult Ed & Community & Human Resource Development and ABD in PhD studies in Indust & Org Psychology. This is a carousel. Most Expensively 2023. Well, HomeSnacks crunched the numbers and discovered that Stamford is the most expensive place to live in Connecticut. Essex Village, CT Annual household income: $172,302, 12. Darian will be the second wealthiest city in Connecticut in 2022. Living there isnt cheap, though. The median income in Danbury is $67,430 helping to secure its 5th place ranking. 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. There are also several golf courses in town that draw a lot of people from around the world. 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. Renters pay an average of $1,361 per month. It has an average household income of $234,152 and 6,611 residents. Counties [ edit] In Old Greenwich, homes are primarily owner-occupied (84%) and only 16% of homes in Old Greenwich are rentals. The next town on this list is Wilton. The unemployment rate is 7.3% while the poverty rate is higher at 11.2%. 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 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. Only 16 states were represented in the top 100. She finds almost all topics she writes about interesting, but her favorite subjects are travel and food. Another one of the richest towns in Connecticut is Weston. 87% of the residents own their homes, and just 13% rent. Darian is one of the richest towns in Connecticut with a median household income of nearly $243,750. The financial news and opinion site 24/7 Wall St . It's also one of the most expensive places to live in the country, with a median home price of over $1.5 million. Old Greenwich enjoys a low crime rate and excellent public schools. Wilton, CT Annual household income: $193,292, 9. 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. Let's go! Living in West Hartford is not cheap, but the perks are worth the cost with its safe neighborhoods, upscale shopping and dining venues, and more. The village also includes a historic mill complex and dam. The average family home retails for a massive $611,500, almost three times the national average. 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. The median income in this city is $81,634. 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.. South Glastonbury, CT Annual household income: $135,596, 18. The community is known for being tight-knit with safe streets, low unemployment rates, and top-notch schools. The most charming small towns in Connecticut are perfect for a day trip or a new home. The communities in this city are close, and they love to sponsor community events for the residents and visitors.