richest towns in connecticut

Wilton is surrounded by nature, offering many activities that are perfect for children and encouraging a healthy lifestyle. 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 largest city in Litchfield County, Torrington, grabs the number eight spot. 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? According to the most recent data, the number of people living in Ridgefield has decreased by 0.7% since 2020. West Simsbury has 151,104 residents as of 2022. 1. Riverside has a population of 8,843. We suspect that the recent pandemic took a toll on residents who lost their jobs, with some forced to relocate for more affordable housing. Download The Entire Connecticut Ranking Data. Learn more about the Homesnacks methods that were used to collect the data and how the statistics were calculated. The average commute time from home to work is 35.7 minutes. 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. If you live in, Fairfield County's Norwalk, CT is the third richest city in the Nutmeg State. It has an average household income of $204,792, and the home prices range between $600,000-$800,000. There is a good reason that Norwalk was listed as one of the. Point 2 Point Homes advises that the small community of 8,779 people has an average household income of more than $200k per year. (Infographs), What are the Highest Paying Jobs in New Jersey? What is it like to live in Greenwich, CT. 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 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. 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 Fairfield County town is one of the most desirable places to live if you have the financial means. The median home price in Essex was $651,000 in 2022. DARIEN, CT Darien is the wealthiest town in Connecticut, where the median household income is more than $200,000, according to a new report. The most affluent settled in the area to enjoy its beautiful beaches and other luxury amenities. It has a population of 33,900 residents. Four Connecticut towns made the top 50 list (well, three. Editors Note: Data has been updated for 2023. 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. Inflation-adjusted household income is one of the factors. Zip Data lists West Hartford as one of the 20 richest cities in the state. The unemployment rate for the city is 3.6%, compared to the state average of 4.1%, and theyre doing well in securing work. The next richest town in Connecticut is Ridgefield. Gold Coast (Connecticut) - Wikipedia Use Next and Previous buttons to navigate. To see the other wealthy places that made this list, take a look below. 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. If you can afford a mortgage, its the better way to go in Fairfield. COS COB, CT Annual household income: $136,261, 17. Although the town is small, youll find plenty of recreational venues, cafes, restaurants, and shops. However, test score performance in the public school system gets a poor ranking. The town is home to many Fortune 500 companies such as General Electric and Terex Corporation. >> Click through to see how each CT spot ranked as well as each household income average. Only 16 states were represented in the top 100. Fairfield, CT Annual household income: $139,122, 16. Unfortunately, however, there can be only one Connecticut place that's worthy of the HomeSnacks crown. 4 CT towns make list of 100 richest towns in America - News 12 Networks The 10 Best Places To Live In Connecticut For 2022 - HomeSnacks If the thought of paying $868,200 for a home makes you feel queasy, you might want to give Weston a miss. The poverty rate is remarkably low at 1.12%, with median rent at $1,832 per month. Only 4% of the homes in the community are available for rent. The second wealthiest town in Connecticut is Riverside. The unemployment rate is just 3.1%, with an average commute of 33 minutes. 4.2% of public school students are eligible for free or reduced lunch, and test performance in the public schools for Redding is excellent. To compiler their 2020 list of the 50 richest places, Bloomberg "evaluated inflation-adjusted household data for all U.S. locations with a minimum of 2,000 households (as defined by the Census), and ranked them based on average household income. 87% of the residents own their homes, and just 13% rent. Fairfield County's Norwalk, CT is the third richest city in the Nutmeg State. The median household income in New Canaan is $214,977. Its also one of the most expensive places to live in the country, with a median home price of over $1.5 million. With an average family income of $209,635 and a population of 18,460 inhabitants, Wilton is a relatively wealthy town. However, it is true that overall, the Nutmeg State is richer than most. The average family home retails for a massive $611,500, almost three times the . Its also one of the wealthiest towns in Connecticut, with a median annual income per family of $180,057. CT proposal causes confusion, concern. 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 town has a population of about 10,278 (2020) people and has a median age of 42 years old. Youll find a community of 1,300 Wall Street execs and affiliates living in Old Greenwich, Connecticut. The median household income is just over $190K per year. Weston residents live a good work-life balance with an average commute time of 42 minutes. 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. Property values are high, the median sales price is $1,029,000. . Southport has a long history as a summer resort and residential community. Old Greenwich Annual household income: $222,794, 2. 91.82% of the Population is white, with 87.8% white students in the public school system. The richest town in Connecticut is Darien, with a median household income of $251,200. 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. Middle-class and affluent, finding somewhere that doesnt test the limits of your credit card can be a chore, particularly if you reserve your home finding to Fairfield County, a place that boasts some of the wealthiest communities in the entire US. Its a great place to raise kids, with top-rated schools and safe streets. Its a haven for New Yorks very rich to escape the hustle and bustle of big money firms and agencies. Most Dangerous Neighborhoods in Washington DC. If you can swallow up those property prices, theres a good chance youll be rewarded with an income in the region of $222,535. However, depending on the neighborhood, you can also find more affordable housing. Darians median home value sits at around $1.7M thats more than double the national average. Theres a reason this state is one of the richest in the country. With a median income of $59,522, Naugatuck took ninth place. Old Greenwich residents live a good work-life balance with an average commute time of 38 minutes. It also has a number of highly rated public and private schools, which can be a major plus for families with children. The average home price in town is $780,000. In fairness, the high prices arent unjustified. The average value of a home is just under $800,000, which is on par with the average household income. School test performance scores are above average, and 9.2% of students are eligible for free or reduced lunches at school. Old Greenwich has a population of 6,962 and a median household income of $222,794. List of Connecticut locations by per capita income - Wikipedia 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. The town is partly in Hartford County, with some areas in Middlesex County. Essex is another one of the richest towns in Connecticut. Groton rounds out the list of richest cities in the number ten spot. 79.4% of the community are US-born citizens, with 11.73% born in other countries. 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. Westport residents are well educated with 78% of residents having obtained a bachelors degree or higher. 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. Education Levels What are the richest towns in Connecticut? 1. The town also boasts one of the best school systems in all of Connecticut! 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. The result? Southport isnt the kind of city where keeping up with the neighbors comes cheaply. 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". West Hartford, CT Annual household income: $142,197, 14. Westport has a thriving luxury real estate market with the median sales price in Westport at $1,796,000. In fairness, you do get a lot of return for your investment. Redding has a median home sales price of $1,030,000 and a median household income of $138,125. Old Greenwich Profile Page with Infographics. 20 Cities with the Worst Weather in the U.S. How Eiza Gonzalez Achieved a Net Worth of $5 Million. The average home value is $1,150,400. 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 average home price in Old Greenwich is $1.8 million. The town has a thriving arts community and many of its residents are involved in local government or volunteer activities. 18 Top-Rated Small Towns in Connecticut | PlanetWare Fairfield County towns have made yet another list of the richest places in the U.S. We aim to deliver bite-sized pieces of infotainment about where you live. A town covered in vibrant nature, Avon is one of the richest towns in Connecticut. With salaries like that, most residents are having no problem in keeping up with those monster mortgage re-payments. Rich people not your cup of tea? The unemployment rate, as of 2022, is 3.3%, far lower than the state unemployment rate of 4.1%. If more people are employed, the richer the future looks. 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. 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. Darien Profile Page with Infographics. Old Greenwich enjoys a low crime rate and excellent public schools. Its a great place for families and young professionals to live. The median income is $80,896. The unemployment rate is 7.3% while the poverty rate is higher at 11.2%. If youre in the market for a decently sized family home, dont expect to get much change from $1,283,146 a staggering amount, even by Connecticuts standards. What is it like to live in Greenwich, CT? Haar: Wealthy towns make CT cannabis list of 'impacted areas' With a median household income of $1,471,700, this is no place for people on a shoestring budget. If you dream of the quiet life, its ideal. Westport Profile Page with Infographics. 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 unemployment rate is low compared to the state average, and commuters spend an average of 44 minutes driving to work. 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. The majority are white-collar workers, just 4.96% in the blue-collar classification. All in all, Riverside is a town that offers a great quality of life to its citizens. 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: 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. It has an active social scene and boasts an impressive collection of restaurants, shops, and entertainment venues. Demographic studies show that 81.64% of the residents are white; however, only 42.4% of the children in the public schools are white, suggesting that the city is starting to diversify its demographic Population. The 20 most affluent places, based on places with available data, all had household incomes above $485,000. Known for its luxury waterfront homes, Old Greenwich has a median sales price of $2,063,000. 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. Jobs are plentiful in the area, with the working Population gainfully employed except for just 3.5%. What are the richest towns in Connecticut? - Vim Buzz South Glastonburys Census results show a total of 2038 households in the town. Old Greenwich is one of the richest Neighborhoods in Connecticut with a median household income of $238,750. A Bloomberg report is out on the 100 richest towns in America, and four towns in Connecticut made the list. 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. The city has grown over the past decade, increasing from 8,223 residents to 9,110. With a population of 63,518, Greenwich is an upscale community with a median household income of $180,44. 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. Wealthiest Towns in CT Final - Suburbs 101. 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. 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. Its also home to some of the most expensive homes in the state. And out of all the towns in Connecticut, none are wealthier than Greenwich in Fairfield County. The fourth wealthiest town in Connecticut is Old Greenwich. The median household income in Wilton is $204,473 which is over twice as much as the state average of $79,043. And if you have some time on your hands, take a look at how the other 99% live in Connecticuts poorest places. If you want to live in Darian, youd better start saving. Theres a premium on living in a safe neighborhood with all the trappings of a luxurious existence. Fairfield is also very safe and has low crime rates. I Spent a Day in One of America's Richest Cities: Greenwich, CT Despite its small size, it is home to 18,932 people. There are also several golf courses in town that draw a lot of people from around the world. 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. A comprehensive list of Connecticuts top 10 richest cities, ranked according to median income and other key indicators of wealth. What Is The Richest Town In Fairfield County? - PartyShopMaine Its a city of high-earners who live the high life enjoying their private yacht and country clubs, with access to the citys pristine beaches. 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. West Simsbury is classified socioeconomically as an upper-middle-class zip code compared to other zip codes in Connecticut. The percentage of students eligible for participation in reduced or free lunch programs is 32.7%, which is low compared to many other cities in the state. With an average home price of $641,500, mortgage payments here are no laughing matter although when you factor in the $157,448 median income, they suddenly get a lot more reasonable. Married families in Ridgefield average an annual household income of 182,679, but the average is over $206k. The average commute time from home to work is 31 minutes. 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. The local school system is also amongst the best in the state. 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. This affluent community is the home of 18,410 residents with an average age of 45 years, with slightly more females than males. Riverside residents are well educated with 73% of residents have obtained a bachelors degree or higher. Redding, CT Annual household income: $140,995, 15. The schools also have state-of-the-art technology such as iPads and Smart Boards so students can learn in new ways. Cos Cob is one of the wealthiest communities in Connecticut with a median home sales price of $1,312,000. However, the average house prices range from $1,5 million to $3 million. 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. While the income number is higher than that of Milford, the higher unemployment rate of 7.9% gives this city a solid second place. There are many things to do including going to the beach and shopping at the local malls. Here are the wealthiest towns in Connecticut. The schools are among the best in the state, making them the ideal place to raise a family. The unemployment rate is slightly higher at 3.6%, with the average commute time for workers at 31.3 minutes. Weston is in Fairfield County. The remaining six wealthy Connecticut communities, all in Greenwich, in order are. Its located in Fairfield County under the 06896 zip code, sharing a border with Danbury and Georgetown. Middletown, a riverside city south of Hartford, takes the 6th place spot with a median income of $63,828. As at 2019, Connecticut had a per capita income of $44,496. Many of these towns are wonderful places to live due to their incredible verdant spaces and proximity to the city and ocean. Weston residents are well educated with 78% of residents having obtained a bachelors degree or higher. The homes in Darien are primarily owner-occupied (87%) with only 13% rentals. Its a socioeconomically Upper Middle-Class city with a median household income of $136,261. Being a coastal city, citizens have plenty of opportunities to spend their free time. 9. The 10 Most Expensive Places To Live In Connecticut For 2023 - HomeSnacks 2015-2023 Chasing Chains, LLC. Located in Fairfield County, Westport is an affluent town with beaches, private Country Clubs, and Yacht Clubs.

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