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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. Stamford, CT Annual household income: $152,102, 11. When Does a Seller Get Their Money After Closing on a House? The median income in this city is $81,634. However, depending on the neighborhood, you can also find more affordable housing. Well, HomeSnacks crunched the numbers and discovered that Stamford is the most expensive place to live in Connecticut. There are also several public parks located throughout Fairfield that offer great recreational opportunities such as tennis courts, baseball fields, basketball courts, and playgrounds for kids! The next town on this list is Wilton. As to which are the very wealthiest, find out now as we count down the 10 richest cities in Connecticut. With a population of 63,518, Greenwich is an upscale community with a median household income of $180,44. 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. While the income number is higher than that of Milford, the higher unemployment rate of 7.9% gives this city a solid second place. Old Greenwich Profile Page with Infographics. Some haulers caught, Arming guidance counselors? The unemployment rate for the city is 3.6%, compared to the state average of 4.1%, and theyre doing well in securing work. It is a picture-perfect neighborhood in the Town of Greenwich with beaches, highly rated schools, and an easy train ride to NYC. Related: The 10 Wealthiest Neighborhoods in San Francisco. 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! Grace Duffield / Hearst Connecticut Media file photo It is a Fairfield County city home to many wealthy residents who enjoy private country clubs, yacht clubs, and pristine beaches. (and lowest paying jobs). Its a small, charming seaside community in the Town of Greenwich with a population of 6,873. Southport has a long history as a summer resort and residential community. 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. The town is also known for having excellent public schools. Old Greenwich is home to some of the wealthiest Connecticut residents. It has a population of 27,141. Connecticut is home to some of the wealthiest people in America. 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. Atherton, CA topped the list. 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. This small coastal town is the perfect place for raising children, and you can enjoy plenty of outdoor activities, especially walking in nature. 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. We love the detailed statistics that give us a clear snapshot of the socioeconomic dynamics of the city. 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. On the plus side, the median income of $190,227 is equally jaw-dropping. Want to learn more about Westport? 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. 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. Ned Lamont and General Assembly leaders to to focus on offsetting a potential property tax Armageddon. Old Greenwich Profile Page with Infographics. The median income in Danbury is $67,430 helping to secure its 5th place ranking. View Map of 25 Poorest Zipcodes in Connecticut. Riverside residents live a good work-life balance with an average commute time of 37 minutes. Most of the townspeople hold bachelors degrees or higher. Most of the residents have gainful employment with high-paying jobs. It has an average household income of $234,152 and 6,611 residents. The average family home retails for a massive $611,500, almost three times the . Fairfield offers many different types of housing options including condos, apartments, townhomes, and single-family homes. Most Expensively 2023. You can find out more about him on LinkedIn or his website. According to homes.com, Ridgefield is one of the most expensive places in Connecticut to buy a home. In terms of per capita income, it beats the nearest competition by a huge margin of almost $4000. The town is full of greenery and offers residents a tranquil vibe. Westport, CT Annual household income: $222,535, 4. Easton has a thriving downtown area with many restaurants, shops, and entertainment options. School test performance scores are above average, and 9.2% of students are eligible for free or reduced lunches at school. The average income per family is $130,268, and home prices range anywhere between $500,000 to $2 million. The town has over 120 acres of open space and over 1,000 acres of parkland. Westport Profile Page with Infographics. DARIEN, CT Darien is the wealthiest town in Connecticut, where the median household income is more than $200,000, according to a new report. There are also many beautiful parks and green spaces throughout town. If you want to live in Darian, youd better start saving. 96% of the residents are homeowners with a median home value of $868,200. 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. Groton rounds out the list of richest cities in the number ten spot. Its an Upper-Middle-Class town with a median household income of just under $141K. 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. 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). Lidia has more than 10 years experience in news and digital media and holds a degree in journalism from the University of Connecticut. However, the average house prices range from $1,5 million to $3 million. If you want to live in one of Connecticuts richest places, youre going to need to make upwards of $59,791/year. Riverside is home to some of the most affluent residents of Connecticut with a median household income of $215,791. And out of all the towns in Connecticut, none are wealthier than Greenwich in Fairfield County. 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? A Bloomberg report is out on the 100 richest towns in America, and four towns in Connecticut made the list. In Old Greenwich, homes are primarily owner-occupied (84%) and only 16% of homes in Old Greenwich are rentals. Riverside is one of the wealthiest communities in Connecticut. All Rights Reserved. When you click through real estate links on our site, we earn an affiliate commission. The oldest towns in Connecticut are perfect places to visit for those who love learning about history. Its also one of the most expensive places to live in the country, with a median home price of over $1.5 million. Darien is a small town on Connecticuts gold coast that is home to approximately 6,759 people. The median sales price is residential sales data for 12 month period ending January 2023. The city deserves its spot on the list as its well above the average US income. Fairfield County's Norwalk, CT is the third richest city in the Nutmeg State. On this Wikipedia the language links are at the top of the page across from the article title. Related: The 10 Wealthiest Cities In North Carolina. The city has magnificent homes with long driveways accessible through winding country roads and beautiful landscapes. Want to learn more about Old Greenwich? Fairfield County is very close to New York City. You catch that vibe when you visit New Canaan, but its not cheap to live there. 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. By Joselynn Chua / February 27, 2023. All of these towns are located not too far east of Greenwich . Stamford is situated only 30 miles north of NYC, so it offers residents unparalleled access to the city. As to which are the very wealthiest, find out now as we count down the 10 richest cities in Connecticut. 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. 9. 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. According to the report, the four towns are Darien, Old Greenwich, Riverside, and . 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. The unemployment rate is lower than the state rate of 4.1% and the national rate of 3.9%. It has an average household income of $204,792, and the home prices range between $600,000-$800,000. We use data, analytics, and a sense of humor to determine quality of life for places across the nation. Its one of the areas wealthiest communities, with the median annual household income at over $215k. 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. 20% of the residents pay rent, with 80% owning their homes. The median household income in New Canaan is $214,977. Wilton, CT Annual household income: $193,292, 9. 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. >> Click through to see how each CT spot ranked as well as each household income average. Rentals are much higher than most, with an average of $2,443 per month for non-homeowners. South Glastonbury, CT Annual household income: $135,596, 18. The town center village is listed as a historic district on the National Register of Historic Places. Suburbs 101 confirms that Riverside is a wealthy suburb of the Town of Greenwich. A Bloomberg report is out on the 100 richest towns in America, and four towns in Connecticut made the list. Head out on a fun getaway to these spots: Thank you! and 10 Reasons to Move to Greenwich, CT. Wilton is recognized as one of the wealthiest towns in Connecticut with a median household income of $209,635. Read on to discover the 14 richest towns in Connecticut in 2022. New Canaan is one of the wealthiest towns in Connecticut with a median sales price of $1,155,000. The town has a high concentration of people from New York City who commute to work here by train or car. 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: Liz loves the process of researching information, learning new things, and putting into words . 89.3% of the homes are occupied by their owners, with 10.7% as rentals. South Glastonbury is a small town with a growing population ranging from 4848 to 5651. Most of Connecticuts wealth is concentrated in Fairfield County, which contains many affluent suburbs in Connecticut. The schools are excellent and the town is beautiful, with tree-lined streets and old-fashioned townhouses. There is a good reason that Norwalk was listed as one of the. The unemployment rate is 3.2%, compared to the Fairfield County unemployment rate of 5.2%. 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 average value of a home is just under $800,000, which is on par with the average household income. The remaining six wealthy Connecticut communities, all in Greenwich, in order are. Want to learn more about Greenwich, CT? The beautiful neighborhood is small, just 6,962, after the influx of rich business professionals. The town is home to many Fortune 500 companies such as General Electric and Terex Corporation. 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. 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 site uses Akismet to reduce spam. The town is also home to many hedge fund managers, bankers, and lawyers. The unemployment rate, as of 2022, is 3.3%, far lower than the state unemployment rate of 4.1%. 22 overall, with average household income at $270,222. Its the place where many believe this country originated, being home to the historic city of Plymouth. Avon, CT Annual household income: $187,080, 10. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks. If you can swallow up those property prices, theres a good chance youll be rewarded with an income in the region of $222,535. Avon is the home of 1,206 entrepreneurs. The climate is better for persons with allergies, asthma, and other respiratory conditions. Its also very well educated, with over half of its residents having a college degree. The Census ranks individual city wealth by a formula that averages the household incomes, including the adjusted gross income and the average household income. 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. Darian will be the second wealthiest city in Connecticut in 2022. A town covered in vibrant nature, Avon is one of the richest towns in Connecticut. 4.2% of public school students are eligible for free or reduced lunch, and test performance in the public schools for Redding is excellent. Only 16 states were represented in the top 100. The unemployment rate is 3%, which beats the state average by 4.1%. Its the basis on which we chose the 20 richest towns in Connecticut, and the results might surprise you. 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. The average commute time from home to work is 23.6 minutes, suggesting ample employment opportunities in South Glastonbury. Source: US Internal Revenue Service - 2018. 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. 14 Richest Towns in Connecticut Darien Riverside Westport Old Greenwich Wilton Weston Greenwich Southport New Canaan Avon Ridgefield Stamford Woodbridge Essex 1. Southport isnt the kind of city where keeping up with the neighbors comes cheaply. 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. 78% of them have at least a bachelors degree. It is one of the richest towns in Connecticut, boasting a median sales price of $1,835,000. Point 2 Point Homes picked up on the city of Avon, whereas many other demographics lists didnt give them a second look. A wealthy enclave on Connecticut's Gold Coast, Greenwich is consistently ranked as one of the richest cities in America. The town has a thriving arts community and many of its residents are involved in local government or volunteer activities. If you plan to buy a home in New Canaan, the average price is $1.36 million. If you dream of the quiet life, its ideal. The unemployment rate is 8.6% and the poverty rate is 10% in this city. Ridgefield, CT Annual household income: $206,560, 6. Southports location near New York City also makes it attractive for commuters working there. The town is partly in Hartford County, with some areas in Middlesex County. Greenwich is another of the wealthiest towns in Connecticut. Home to some of the most affluent residents of Connecticut, Weston has a median household income of $222,535. If you live in, Fairfield County's Norwalk, CT is the third richest city in the Nutmeg State. Four Connecticut towns made the top 50 list (well, three depending on how you look at it): Darien, Old Greenwich, Riverside (Greenwich) and Westport. Westport is a popular place for New Yorkers to visit on weekends because of its close proximity to Manhattan. Fairfield. 20. As at 2019, Connecticut had a per capita income of $44,496. 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. As of the 2020 census, the population was 1,710. 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. Its a desirable place to live if you can afford the costs. Fairfield County towns have made yet another list of the richest places in the U.S. New Canaan has a small-town feel with big-city amenities. Although the town is small, youll find plenty of recreational venues, cafes, restaurants, and shops. New Canaan is expensive, even by Connecticut standards: The median home value is $1.9M, compared to $350,897 for the state overall. Darians median home value sits at around $1.7M thats more than double the national average. As a sign of just how rich this coastal Connecticut city is, the median income is a massive $321,377. If youre curious enough, here are the poorest cities in Connecticut, according to data: Poorest: Hartford2nd Poorest: Bridgeport3rd Poorest: Waterbury. Fairfield, CT Annual household income: $139,122, 16. California was the most represented with 23 cities and towns making the list. 25 Wealthiest Towns in the New York Suburbs, What are the Highest Paying Jobs in New York? Westport is a very desirable place to live as it ranks highly for safety. Richest Places in Connecticut Bottom Line, Best First Time Home Buyer Programs & Grants in NYC. (Infographic), What are the Highest Paying Jobs in Connecticut? $55,137 is the median income in this city while the unemployment and poverty rates are 7.5% and 13.4% respectively. People love to enjoy life and share it with family, friends, and neighbors. A comprehensive list of Connecticuts top 10 richest cities, ranked according to median income and other key indicators of wealth. Stamford is a city in Fairfield County with a population of 14,499. Its come a long way in the past 10 years since the last Census. The average home value is $650,400. With a median household income of $1,471,700, this is no place for people on a shoestring budget. 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. 83% of the residents have a bachelors degree or higher, and the unemployment rate is low. Are you surprised by this list of the richest cities in Connecticut? Darien has a population of 21,499. Dariens median home value is $1,654,00. The average home price in Ridgefield is $600,000, and it grants many benefits to its inhabitants: reduced crime rate, good schools, and an overall relaxed way of life. 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? The unemployment rate tries to capture the prospects for more people to become rich. If you choose to rent an apartment, expect to pay an average of $1,866 monthly. What is it like to live in Greenwich, CT? Be sure toFollow Us on Instagram,Like Us on Facebook, Subscribe to our YouTube Channel,and subscribe to ourMonthly Newsletter. Essex Village, CT Annual household income: $172,302, 12. Connecticut is one of the wealthiest states in the US. The fourth wealthiest town in Connecticut is Old Greenwich. Located on Long Island Sound, Southport is a charming seaside community with a vibrant downtown area and beautiful beaches. 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 Its median income is $58,717. All of this combines to make the local housing market expensive. Four Connecticut towns made the top 50 list (well, three. Counties [ edit] Most Dangerous Neighborhoods in Washington DC. 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. Newtown Borough is being credited as the richest town in the state of Connecticut. It has an active social scene and boasts an impressive collection of restaurants, shops, and entertainment venues. Want to know where Connecticuts 17 billionaires and 122,000 millionaires live? What are the richest towns in Connecticut? Gov. Westport is one of the richest towns in Connecticut with a median household income of $222,375. Home prices in town are also high, ranging from $500,000 to $4,000,000. Rich people not your cup of tea? Whenever any publication compiles a list of Americas richest cities, theres one name you can always count on seeing Old Greenwich. 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. The Population is 8,843 in this close-knit community. Redding has a median home sales price of $1,030,000 and a median household income of $138,125. All in all, Riverside is a town that offers a great quality of life to its citizens. Inflation-adjusted household income is one of the factors. Greenwich had a median household income of $180,484 in 2021 and is known as one of the richest cities in America. From Hedge Fund Executives to High Profile Athletes, these wealthy Americans call Connecticut their home. Connecticut's neighboring towns of Greenwich and Darien have a combined population of around . 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! Were just going to leave this right here. Home to some of the most affluent residents in Connecticut, Westport has a median household income of $206,466. However, test score performance in the public school system gets a poor ranking. When you learn that the average cost of a single-family home is $1,150,400 and the median income is $206,466, youll be left in no doubt. Her works have been featured on Good Housekeeping,Next Luxury,Wanderlog,NurseJournal,NewsBreak,ThaiWare,and Yahoo.