Westport has a thriving luxury real estate market with the median sales price in Westport at $1,796,000. This site uses Akismet to reduce spam. The first thing that comes to most peoples minds when they think about determining the richest places is to simply identify personal incomes. Riverside Profile Page with Infographics. Editors Note: Data has been updated for 2023. Four Connecticut towns made the top 50 list (well, three. It's also home to the state's only national historic site, Weir Farm. Love Connecticut? Darian is one of the richest towns in Connecticut with a median household income of nearly $243,750. Just 16% of the homes are rentals. The oldest towns in Connecticut are perfect places to visit for those who love learning about history. Lidia has more than 10 years experience in news and digital media and holds a degree in journalism from the University of Connecticut. The unemployment rate is 8.0% and the poverty rate is 8.9%. Riverside, CT Annual household income: $215,791, 5. If the idea of paying $2,724 in rent each month makes you feel the same, definitely scratch it from your list. The median household income is just over $190K per year. [1] All data is from the 2010 United States Census and the 2011-2015 American Community Survey 5-Year Estimates.[2][3]. The unemployment rate is lower than the state rate of 4.1% and the national rate of 3.9%. With a median household income of $1,471,700, this is no place for people on a shoestring budget. 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. Its among the top ten. The benefits of living in this city are numerous, such as good schools, safe neighborhoods, and overall great lifestyle quality. The city has magnificent homes with long driveways accessible through winding country roads and beautiful landscapes. 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. Most homes were built in 1965 when the community saw its largest growth spurt. Essex is another one of the richest towns in Connecticut. Many of these towns are wonderful places to live due to their incredible verdant spaces and proximity to the city and ocean. Westport is one of the richest towns in Connecticut with a median household income of $222,375. Learn more about the Homesnacks methods that were used to collect the data and how the statistics were calculated. 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. Counties [ edit] Want to learn more about Old Greenwich? Lidia Ryan is the managing editor of trending and features for Hearst Connecticut Media Group and is part of the digital team. Southport isnt the kind of city where keeping up with the neighbors comes cheaply. If youre curious enough, here are the poorest cities in Connecticut, according to data: Poorest: Hartford2nd Poorest: Bridgeport3rd Poorest: Waterbury. If you want to live in Darian, youd better start saving. Darien Profile Page with Infographics. Want to learn more about Darien? Other factors influencing the ranking of this city included an unemployment rate of 6.6% and a poverty rate of 7.1%. The unemployment rate, as of 2022, is 3.3%, far lower than the state unemployment rate of 4.1%. With a population of 63,518, Greenwich is an upscale community with a median household income of $180,44. 20% of the residents pay rent, with 80% owning their homes. Redding has a median home sales price of $1,030,000 and a median household income of $138,125. However, it is true that overall, the Nutmeg State is richer than most. Its got a population of just over 20,249 (2020) people, but it feels much smaller than that. The community is known for being tight-knit with safe streets, low unemployment rates, and top-notch schools. Ridgefield is one of the wealthiest towns in Connecticut with a median household income of 133,647. Redding, Connecticut, is a small city with a population of 9,110. Read on to discover the 14 richest towns in Connecticut in 2022. Liz loves the process of researching information, learning new things, and putting into words . Here are the wealthiest towns in Connecticut. Most of Connecticuts wealth is concentrated in Fairfield County, which contains many affluent suburbs in Connecticut. However, we dont believe that one statistic wholly encompasses what it means to be one of the richest places. Thats right, folks, the Gold Coast didnt get its name because gold was found on Connecticuts beaches. Westport is one of the richest towns in Connecticut with a median household income of $222,375. Want to learn more about Westport? . Connecticut ( / kntkt / ( listen)) [10] is the southernmost state in the New England region of the Northeastern United States. The unemployment rate is 8.6% and the poverty rate is 10% in this city. Married families in Ridgefield average an annual household income of 182,679, but the average is over $206k. 91.82% of the Population is white, with 87.8% white students in the public school system. 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. 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. In Old Greenwich, homes are primarily owner-occupied (84%) and only 16% of homes in Old Greenwich are rentals. What is it like to live in Greenwich, CT? If you thought that renting would help cut costs to a more reasonable level, think again according to Niche, the average cost of renting a home in this exclusive little city is over twice the national average at $2,469. Theres usually something going on for recreation and entertainment in the town and surrounding areas. The median sales price is residential sales data for 12 month period ending January 2023. 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. With a median household income of $1,471,700, this is no place for people on a shoestring budget. 22 overall, with average household income at $270,222. They found this lovely old city during the Covid-19 pandemic and relocated for a safer and serene place to live. Old Greenwich is home to some of the wealthiest Connecticut residents. Other areas of wealth in the state include suburbs surrounding New Haven and Hartford, as well as pockets of Litchfield County. The current Population is 2,601, with an annual growth rate of 0.35%. On the plus side, the median income of $190,227 is equally jaw-dropping. The crime rate is practically non-existent, the median income is a stonking $139,122, the schools are some of the best in the state, and despite its relatively small size, it has a huge selection of restaurants, shops, cafes, and recreational venues to enjoy. There are also several golf courses in town that draw a lot of people from around the world. Darien is a small town on Connecticut's gold coast that is home to approximately 6,759 people. Some work at private companies and governmental institutions. 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. As one of the Nutmeg state's oldest towns, it also represents one of the richest. Westport Profile Page with Infographics. 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. 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. 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. Its in Hartford County. Above is a fundraiser at the famous Glass House in New Canaan. If you love the outdoors, check out the beautiful. The homes in Westport are primarily owner-occupied (85%) and only 15% rentals. 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). He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks. To see the other wealthy places that made this list, take a look below. Its also home to some of the most expensive homes in the state. The median home price in Essex was $651,000 in 2022. Its one of the areas wealthiest communities, with the median annual household income at over $215k. It is a picture-perfect neighborhood in the Town of Greenwich with beaches, highly rated schools, and an easy train ride to NYC. When you click through real estate links on our site, we earn an affiliate commission. Want to learn more about Weston? 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! Southport is an affluent town in Connecticut. Its a desirable place to live if you can afford the costs. The town has a thriving arts community and many of its residents are involved in local government or volunteer activities. It has an average household income of $204,792, and the home prices range between $600,000-$800,000. Other areas of wealth in the state include suburbs surrounding New Haven and Hartford, as well as pockets of Litchfield County . The next richest town in Connecticut is Ridgefield. Theres a reason this state is one of the richest in the country. The town is home to many Fortune 500 companies such as General Electric and Terex Corporation. Only 16 states were represented in the top 100. 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! Want to learn more about Greenwich, CT? 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. The median income in this city is $81,634. Head out on a fun getaway to these spots: Thank you! New Canaan is expensive, even by Connecticut standards: The median home value is $1.9M, compared to $350,897 for the state overall. 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. Suburbs 101is an insiders guide to suburban living. The median income is $80,896. Youll find a community of 1,300 Wall Street execs and affiliates living in Old Greenwich, Connecticut. 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. If you live in, Fairfield County's Norwalk, CT is the third richest city in the Nutmeg State. It has an active social scene and boasts an impressive collection of restaurants, shops, and entertainment venues. Atherton, CA topped the list. The first European settlement was established there in, Read More The 20 Best Places to Live in MassachusettsContinue, Already in the first quarter of 2016, vacation rental startup companies have attracted almost $100 million in investments across the United States and Europe. The majority are white-collar workers, just 4.96% in the blue-collar classification. 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. The median house price in Westport is approximately $1.5 million. 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. 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. You can learn more about the top ten below or skip to the end to see the rankings for all 21 places. Norwalk, CT, USA 4. 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". 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. Whether you have money to burn or are living on a budget, everyone enjoys these free activities in Connecticut. After all, rich people have really high salaries. The average income per family is $130,268, and home prices range anywhere between $500,000 to $2 million. Its less ideal, however, if your bills are already bigger than your income. Woodbridge is another Connecticut hamlet passed over by statisticians pointing out the most affluent cities in Connecticut. Rich people not your cup of tea? Its a socioeconomically Upper Middle-Class city with a median household income of $136,261. West Simsbury, CT Annual household income: $109,590, 19. The average home value is $1,150,400. With an average household income of $236,892 per year, it is one of the richest towns in the state. 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. 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. The unemployment rate for the city is 3.6%, compared to the state average of 4.1%, and theyre doing well in securing work. Middletown, a riverside city south of Hartford, takes the 6th place spot with a median income of $63,828. We use data, analytics, and a sense of humor to determine quality of life for places across the nation. Numerous tech billionaires have called the town home, including Googles Eric Schmidt, Facebooks Sheryl Sandberg and Microsofts late co-founder Paul Allen.". Weston is in Fairfield County. 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. All of these towns are located not too far east of Greenwich . Its also far below the national average rate of 3.9%. 9. As a sign of just how rich this coastal Connecticut city is, the median income is a massive $321,377. A town covered in vibrant nature, Avon is one of the richest towns in Connecticut. Greenwich had a median household income of $180,484 in 2021 and is known as one of the richest cities in America. 45.7% of the children in public schools are eligible for free or reduced lunch programs. California was the most represented with 23 cities and towns making the list. Its safe, with a low crime rate. Jobs are plentiful in the area, with the working Population gainfully employed except for just 3.5%.
richest towns in connecticut