The local school system is also amongst the best in the state. Liz loves the process of researching information, learning new things, and putting into words . Atherton, CA topped the list. If you love the outdoors, check out the beautiful. West Simsbury, CT Annual household income: $109,590, 19. 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. 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. And if you have some time on your hands, take a look at how the other 99% live in Connecticuts poorest places. Fairfield offers many different types of housing options including condos, apartments, townhomes, and single-family homes. If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already. We suspect that the recent pandemic took a toll on residents who lost their jobs, with some forced to relocate for more affordable housing. 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. It is a very safe town surrounded by greenery. The information presented in this article are based on data from theUS Census American Community SurveyandRedfin. The average price of a home is $611,500, nearly three times the national average. 14 Richest Towns in Connecticut Darien Riverside Westport Old Greenwich Wilton Weston Greenwich Southport New Canaan Avon Ridgefield Stamford Woodbridge Essex 1. We love the detailed statistics that give us a clear snapshot of the socioeconomic dynamics of the city. Below is a list of the wealthiest towns in Connecticut. Related: The 10 Wealthiest Cities In North Carolina. To see the other wealthy places that made this list, take a look below. Expensive homes and big salaries arent the only things the population of this small city get to enjoy: with New York City just a stones throw away, a close-knit community, prestigious schools, safe streets, and plenty of green areas, its every bit as desirable as it is wealthy. Old Greenwich Profile Page with Infographics. However, test score performance in the public school system gets a poor ranking. It is a Fairfield County city home to many wealthy residents who enjoy private country clubs, yacht clubs, and pristine beaches. A Bloomberg report is out on the 100 richest towns in America, and four towns in Connecticut made the list. Easton has a thriving downtown area with many restaurants, shops, and entertainment options. Being a coastal city, citizens have plenty of opportunities to spend their free time. New Cannan, CT Average household income: $200,203.00, 8. There are also plenty of parks throughout the town including Waterside Park which offers a great view of Long Island Sound as well as tennis courts and playgrounds for children. Connecticut is the wealthiest state in the United States of America in terms of per capita incomes and wealth. Its a small town of 10,354. It's also very well educated, with over half of its residents having a college degree. Her works have been featured on Good Housekeeping,Next Luxury,Wanderlog,NurseJournal,NewsBreak,ThaiWare,and Yahoo. In terms of per capita income, it beats the nearest competition by a huge margin of almost $4000. California was the most represented with 23 cities and towns making the list. 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. Shelton has an extremely successful economy, with the 2nd lowest poverty level and lowest unemployment rate in Connecticut, at 5.4% and 4.9% respectively. Let's go! Home to some of the most affluent residents in Connecticut, Westport has a median household income of $206,466. Suburbs 101is an insiders guide to suburban living. 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. Above is a fundraiser at the famous Glass House in New Canaan. There are many things to do including going to the beach and shopping at the local malls. 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 unemployment rate is 3%, which beats the state average by 4.1%. It has an average household income of $234,152 and 6,611 residents. Westport Profile Page with Infographics. The median household income in New Canaan is $214,977. 79.4% of the community are US-born citizens, with 11.73% born in other countries. The fourth wealthiest town in Connecticut is Old Greenwich. Only 16 states were represented in the top 100. The average home price in town is $780,000. With an average household income of $236,892 per year, it is one of the richest towns in the state. 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. 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. 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. Its a medium-sized town that has grown to become one of the most desirable places to live in Connecticut. People who suffer from the pain and discomfort of arthritis can improve their symptoms by avoiding certain climates. Some haulers caught, Arming guidance counselors? 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. Lidia has more than 10 years experience in news and digital media and holds a degree in journalism from the University of Connecticut. Many of these towns are wonderful places to live due to their incredible verdant spaces and proximity to the city and ocean. The unemployment rate for the city is 3.6%, compared to the state average of 4.1%, and theyre doing well in securing work. 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. 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. Most of the townspeople hold bachelors degrees or higher. 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. Look here. Its smaller than Ridgefield but slightly more affluent. Westport, CT Annual household income: $222,535, 4. The third on the list is Westport. We use data, analytics, and a sense of humor to determine quality of life for places across the nation. Its quiet, with a population density of just over 2,000 people per square mile about half that of New York City. If you can swallow up those property prices, theres a good chance youll be rewarded with an income in the region of $222,535. Essex is another one of the richest towns in Connecticut. Darien residents live a good work-life balance with an average commute time of 39 minutes. It also has a number of highly rated public and private schools, which can be a major plus for families with children. Only 15% of the residents rent because most people there are homeowners. 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. 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. 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. Well, according to the latest Census data, the richest place in The Nutmeg State is Shelton. If more people are employed, the richer the future looks. Darien has a population of 21,499. Its also very well educated, with over half of its residents having a college degree. The result? Richest Places in Connecticut Bottom Line, Best First Time Home Buyer Programs & Grants in NYC. People who live and work in Easton have a slightly higher income level. 25 Wealthiest Towns in the New York Suburbs, What are the Highest Paying Jobs in New York? Located on Connecticut's Gold Coast, Greenwich is a financial powerhouse and also an exciting place to visit. The city is within a short distance of New York City, which offers residents all the amenities of the big city without the need to live there. Avon, CT Annual household income: $187,080, 10. The average commute time from home to work is 31 minutes. A comprehensive list of Connecticuts top 10 richest cities, ranked according to median income and other key indicators of wealth. Its in Hartford County. Living in New Canaan is like being surrounded by family. Greenwich had a median household income of $180,484 in 2021 and is known as one of the richest cities in America. Other areas of wealth in the state include suburbs surrounding New Haven and Hartford, as well as pockets of Litchfield County. The median income is $80,896. On this Wikipedia the language links are at the top of the page across from the article title. The average home value is $1,561,200, with 84% of the residents owning their own homes. OnlyInYourState may earn compensation through affiliate links in this article. Inflation-adjusted household income is one of the factors. Contact: nclunan@onlyinyourstate.com, The Cafeteria With Some Of The Best Home-Cooked Food In Connecticut, See Mermaids In Real Life Right Here in Connecticut At The Mystic Aquarium, This Rustic Restaurant In Connecticut Serves Up Heaping Helpings Of Country Cooking, The Terrifying, Deadly Plane Crash In Connecticut That Will Never Be Forgotten, Here Are The 8 Poorest Cities In Connecticut, Here Are The 10 Cheapest Yet Great Places To Live In Connecticut, The 9 Most Dangerous Cities in Connecticut, Here Are The 9 Most Dangerous Places In Connecticut After Dark, Whittemore Glen State Park in Naugatuck, Connecticut, Bluff Point State Park in Groton, Connecticut. The median income is $80,896. Bloomberg reports that in Atherton, "the cheapest house on the market is currently listed for $2.5 million, according to real estate marketplace Zillow.com. Its a great place to raise kids, with top-rated schools and safe streets. Although the town is small, youll find plenty of recreational venues, cafes, restaurants, and shops. Whenever any publication compiles a list of Americas richest cities, theres one name you can always count on seeing Old Greenwich. Stamford is a city in Fairfield County with a population of 14,499. 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. CT proposal causes confusion, concern. Old Greenwich Annual household income: $222,794, 2. 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. Education Levels COS COB is a Fairfield county city that extends to the border of the Stamford city limits. Fairfield is a moderate-sized city in Fairfield County. Milford grabbed the top place in this list of richest cities. This site uses Akismet to reduce spam. Let us take a look at some of the richest towns in Connecticut that make up the per capita income. Woodbridge is another Connecticut hamlet passed over by statisticians pointing out the most affluent cities in Connecticut. You catch that vibe when you visit New Canaan, but its not cheap to live there. Ridgefield is one of the wealthiest towns in Connecticut with a median household income of 133,647. What determines the overall wealth of a city? The town has a population of about 10,278 (2020) people and has a median age of 42 years old. New Canaan has a small-town feel with big-city amenities. The median household income in Wilton is $204,473 which is over twice as much as the state average of $79,043. A relatively small town, it offers the opportunity of doing great outdoor activities. New Canaan is situated right next to Darien and is also one of the richest towns in Connecticut. 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). 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. The 2010 Census revealed a growth from 6.751 residents to 7,150, showing that the town is gaining its population base. Read More The 20 Safest Places To Live in TennesseeContinue, If you dont know what a HELOC is, dont feel stupid. Weston is also one of the best places in Connecticut to raise a family. Theres a reason this state is one of the richest in the country. The 20 most affluent places, based on places with available data, all had household incomes above $485,000. Get the inside scoop on what its really like to live in the suburbs through our interviews with local suburbanites and features on Food, Fashion, Home, Garden, Travel, Pets, Real Estate and Local Events. Its the basis on which we chose the 20 richest towns in Connecticut, and the results might surprise you. 20. The average home value is $1,150,400. Counties [ edit] Riverside residents are well educated with 73% of residents have obtained a bachelors degree or higher. The median house price in Westport is approximately $1.5 million. The 20 Worst Places to Live if you Have Arthritis in The U.S. The median home value is steep at $1,382,800 for 2022. The schools also have state-of-the-art technology such as iPads and Smart Boards so students can learn in new ways. The average household income in Woodbridge is $96,919, and the median home price is $595,000. You'll receive your first newsletter soon! There are lots of affluent communities in the Nutmeg State, and some of them are unassuming. Most Expensively 2023. Test performance scores in public schools are above average, slightly lower than in Ridgefield. With fancy city names like Windsor and Danbury, Connecticut seems to ooze wealth around every corner. Its located in Fairfield County under the 06896 zip code, sharing a border with Danbury and Georgetown. 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. This small coastal town is the perfect place for raising children, and you can enjoy plenty of outdoor activities, especially walking in nature. Rentals are much higher than most, with an average of $2,443 per month for non-homeowners. Its come a long way in the past 10 years since the last Census. Located on Long Island Sound, Southport is a charming seaside community with a vibrant downtown area and beautiful beaches. When Does a Seller Get Their Money After Closing on a House? The town is full of greenery and offers residents a tranquil vibe. South Glastonbury, CT Annual household income: $135,596, 18. 89.3% of the homes are occupied by their owners, with 10.7% as rentals. 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. After all, rich people have really high salaries. Despite its high per capita income, Connecticut is mainly a middle-class state. 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 schools are excellent and the town is beautiful, with tree-lined streets and old-fashioned townhouses. 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. There's 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. Read on to discover the 14 richest towns in Connecticut in 2022. You can find out more about him on LinkedIn or his website. Renters pay an average of $1,361 per month. Point 2 Point Homes picked up on the city of Avon, whereas many other demographics lists didnt give them a second look. 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. If the thought of paying $868,200 for a home makes you feel queasy, you might want to give Weston a miss. Point 2 Point Homes advises that the small community of 8,779 people has an average household income of more than $200k per year. Renting is a little cheaper, but not by much expect to part with around $1,886 per month for an apartment. Its also known for its rich history and is listed on the National Register of Historic Places as Woodbridge Green Historic District. 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. Want to learn more about Weston? Newtown Borough is being credited as the richest town in the state of Connecticut. The median income in Danbury is $67,430 helping to secure its 5th place ranking. Its a peaceful town thats a great place for people who want to get away from hectic city life and enjoy nature. Whether you have money to burn or are living on a budget, everyone enjoys these free activities in Connecticut. 45.7% of the children in public schools are eligible for free or reduced lunch programs. 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. The homes in Westport are primarily owner-occupied (85%) and only 15% rentals. Liz Flynn has worked as a full-time writer since 2010 after leaving a career in education. 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. The city has grown over the past decade, increasing from 8,223 residents to 9,110. Other factors influencing the ranking of this city included an unemployment rate of 6.6% and a poverty rate of 7.1%. California was the most represented with 23 cities and towns making the list. The town is partly in Hartford County, with some areas in Middlesex County. Another one of the richest towns in Connecticut is Weston. With a median household income of $1,471,700, this is no place for people on a shoestring budget. Related: The 10 Wealthiest Cities In Missouri. If youre curious enough, here are the poorest cities in Connecticut, according to data: Poorest: Hartford2nd Poorest: Bridgeport3rd Poorest: Waterbury. Wilton is surrounded by nature, offering many activities that are perfect for children and encouraging a healthy lifestyle. When you click through real estate links on our site, we earn an affiliate commission. 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. Weston is one of the richest towns in Connecticut with a median household income of $207,863. The town has a thriving arts community and many of its residents are involved in local government or volunteer activities. If you live in, Fairfield County's Norwalk, CT is the third richest city in the Nutmeg State.