Riverside, CT Annual household income: $215,791, 5. This is our tenth time ranking the richest cities in Connecticut. Four Connecticut towns made the top 50 list (well, three. The median household income is just over $190K per year. With a median household income of $1,471,700, this is no place for people on a shoestring budget. The average age of residents is between 56 to 57 years, with a white demographic of 89.65%, 5.26% for people claiming mixed race ethnicity, 3.57% African American and 1.54% Asian American. 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. Rich people not your cup of tea? Four Connecticut towns made the top 50 list (well, three depending on how you look at it): Darien, Old Greenwich, Riverside (Greenwich) and Westport. 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. Its one of the areas wealthiest communities, with the median annual household income at over $215k. Known for its luxury waterfront homes, Old Greenwich has a median sales price of $2,063,000. The 24 to 44 age group earns an average of $230,278 per year, with the 45 to 64 group bringing in $242,039retired residents 65 plus an average of $131,261 per year for the last calculations in 2020. And if you have some time on your hands, take a look at how the other 99% live in Connecticuts poorest places. 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. 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. 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. As to which are the very wealthiest, find out now as we count down the 10 richest cities in Connecticut. 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. The poverty rate is remarkably low at 1.12%, with median rent at $1,832 per month. Youll find a community of 1,300 Wall Street execs and affiliates living in Old Greenwich, Connecticut. 20% of the residents pay rent, with 80% owning their homes. Other areas of wealth in the state include suburbs surrounding New Haven and Hartford, as well as pockets of Litchfield County. 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. If more people are employed, the richer the future looks. The rankings are based on income and home value. The town is also known for having excellent public schools. There are also several golf courses in town that draw a lot of people from around the world. The unemployment rate is slightly higher at 3.6%, with the average commute time for workers at 31.3 minutes. Darien residents are well educated with 83% of residents having obtained a bachelors degree or higher. Unexpectedly, after looking at the median income of residents, along with poverty levels and unemployment rates, we found that wealth is spread throughout the state. The benefits of living in this city are numerous, such as good schools, safe neighborhoods, and overall great lifestyle quality. New Canaan is situated right next to Darien and is also one of the richest towns in Connecticut. Fairfield County's Norwalk, CT is the third richest city in the Nutmeg State. 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. Darian, CT Annual household income: $232,523, 1. 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. Easton is a great place to raise a family because it has a good school system. Located in Fairfield County, Weston has a population of 10,354. The bright side? 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). Avons diversity rate is better than most of its neighboring communities. On the plus side, the median income of $190,227 is equally jaw-dropping. Located in Fairfield County, Westport is an affluent town with beaches, private Country Clubs, and Yacht Clubs. Learn how your comment data is processed. Easton, CT Annual household income: $166,875, 13. Despite its high per capita income, Connecticut is mainly a middle-class state. The most charming small towns in Connecticut are perfect for a day trip or a new home. Norwalk, CT, USA 4. It has an active social scene and boasts an impressive collection of restaurants, shops, and entertainment venues. Wilton is surrounded by nature, offering many activities that are perfect for children and encouraging a healthy lifestyle. Want to learn more about Riverside? So we looked at this set of criteria from the newly released 2017-2021 American Community Survey: Median household income is the most digestible way to understand how rich a place really is. The average income per family is $130,268, and home prices range anywhere between $500,000 to $2 million. Lidia has more than 10 years experience in news and digital media and holds a degree in journalism from the University of 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. Want to learn more about Westport? Ridgefield, CT Annual household income: $206,560, 6. 20 Cities with the Worst Weather in the U.S. How Eiza Gonzalez Achieved a Net Worth of $5 Million. Riverside is home to some of the most affluent residents of Connecticut with a median household income of $215,791. Old Greenwich Profile Page with Infographics. Its also home to some of the most expensive homes in the state. We aim to deliver bite-sized pieces of infotainment about where you live. Suburbs 101 confirms that Riverside is a wealthy suburb of the Town of Greenwich. Westport is one of the richest towns in Connecticut with a median household income of $222,375. The towns population is under 21,742 people, yet it is home to at least seven country clubs and three golf courses. However, depending on the neighborhood, you can also find more affordable housing. You can download the data here. Check them out: What are the oldest towns in Connecticut? 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. Most of Connecticuts wealth is concentrated in Fairfield County, which contains many affluent suburbs in Connecticut. Here are the wealthiest towns in Connecticut. 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. The homes in Darien are primarily owner-occupied (87%) with only 13% rentals. The schools also have state-of-the-art technology such as iPads and Smart Boards so students can learn in new ways. 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? Its a great place to raise kids, with top-rated schools and safe streets. Her works have been featured on Good Housekeeping,Next Luxury,Wanderlog,NurseJournal,NewsBreak,ThaiWare,and Yahoo. If you choose to rent an apartment, expect to pay an average of $1,866 monthly. Wilton is undoubtedly a wealthy community and one of the top ten richest in the state of Connecticut for 2022. If you love the outdoors, check out the beautiful. Wilton steps it up a notch with an upper-class community that is home to a close-knit community, schools that offer prestigious educational opportunities for students, big homes, and safe streets. It has an average household income of $204,792, and the home prices range between $600,000-$800,000. 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. Located on Long Island Sound, Southport is a charming seaside community with a vibrant downtown area and beautiful beaches. Almost 6,300 communities met the criteria, which includes approximately 75% of total households in the U.S.". The median household income in New Canaan is $214,977. The average home value is $1,150,400. Home to some of the most affluent residents in Connecticut, Westport has a median household income of $206,466. 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. It is a charming seaside neighborhood that is in the Town of Greenwich with waterfront homes and private beaches. Its a small town of 10,354. Fairfield County town is one of the most desirable places to live if you have the financial means. Riverside Profile Page with Infographics. Newtown Borough is being credited as the richest town in the state of Connecticut. Ridgefield offers something for everyone from great schools to recreation for the whole family. Head out on a fun getaway to these spots: Thank you! You'll receive your first newsletter soon! Love Connecticut? 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. Redding is one of the wealthiest towns in CT. Its a small upscale community with a population of 8,765. 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. Map of 25 Wealthiest Zipcodes in Connecticut Based on Average Adjusted Gross Income. The Population is 8,843 in this close-knit community. The Census ranks individual city wealth by a formula that averages the household incomes, including the adjusted gross income and the average household income. In Old Greenwich, homes are primarily owner-occupied (84%) and only 16% of homes in Old Greenwich are rentals. Being a coastal city, citizens have plenty of opportunities to spend their free time. Chris Kolmar has been in the real estate business for almost ten years now. The unemployment rate for the city is 3.6%, compared to the state average of 4.1%, and theyre doing well in securing work. Most Dangerous Neighborhoods in Washington DC. Located on Connecticut's Gold Coast, Greenwich is a financial powerhouse and also an exciting place to visit. All Rights Reserved. Home prices in town are also high, ranging from $500,000 to $4,000,000. 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. Rentals are much higher than most, with an average of $2,443 per month for non-homeowners. The average household income umped over $20k, but the cost of housing has also risen in this desirable community. Old Greenwich residents live a good work-life balance with an average commute time of 38 minutes. Other factors influencing the ranking of this city included an unemployment rate of 6.6% and a poverty rate of 7.1%. Dariens median home value is $1,654,00. It has an average household income of $234,152 and 6,611 residents. Old Greenwich is one of the richest Neighborhoods in Connecticut with a median household income of $238,750. Darien is a small town on Connecticuts gold coast that is home to approximately 6,759 people. 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. By Joselynn Chua / February 27, 2023. Besides these, Colorado has ongoing employment opportunities in aviation,, Read More The 10 Cheapest Places to Live in ColoradoContinue. This small coastal town is the perfect place for raising children, and you can enjoy plenty of outdoor activities, especially walking in nature. The median home value in Easton is over $772,758 making it one of the most expensive places to live in Connecticut. The richest places in Connecticut are a lot like expensive diamonds; but, dont get it twisted, they are not by any means the diamonds in the rough. Theres a reason this state is one of the richest in the country. $55,137 is the median income in this city while the unemployment and poverty rates are 7.5% and 13.4% respectively. 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 average home value is $1,561,200, with 84% of the residents owning their own homes. 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. Renters pay an average of $1,361 per month. Connecticut's neighboring towns of Greenwich and Darien have a combined population of around . Its also home to the states only national historic site, Weir Farm. There are lots of affluent communities in the Nutmeg State, and some of them are unassuming. Middletown, a riverside city south of Hartford, takes the 6th place spot with a median income of $63,828. Citizens of COS COB have an average commute time from home to work of 31.9 minutes, suggesting they dont need to travel far for work. Other areas of wealth in the state include suburbs surrounding New Haven and Hartford, as well as pockets of Litchfield County . What are the most charming small towns in Connecticut? 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. If the idea of paying $2,724 in rent each month makes you feel the same, definitely scratch it from your list. Most of the townspeople hold bachelors degrees or higher. 1. This site uses Akismet to reduce spam. The median household income in Riverside is $250,000, and most homes sell for over $2.5 million. It's also one of the most expensive places to live in the country, with a median home price of over $1.5 million. Home to some of the most affluent residents of Connecticut, Weston has a median household income of $222,535. 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. 25 Wealthiest Towns in the New York Suburbs, What are the Highest Paying Jobs in New York? A comprehensive list of Connecticuts top 10 richest cities, ranked according to median income and other key indicators of wealth. The unemployment rate is lower than the state rate of 4.1% and the national rate of 3.9%. It's also very well educated, with over half of its residents having a college degree. A wealthy enclave on Connecticut's Gold Coast, Greenwich is consistently ranked as one of the richest cities in America. According to Area Vibes, the cost of living in Westport is 82% higher than the Connecticut average. Use Next and Previous buttons to navigate. There are many things that families love about living in Wilton including its great school system, safe neighborhoods, and access to shopping centers. Darian will be the second wealthiest city in Connecticut in 2022. The town has over 120 acres of open space and over 1,000 acres of parkland. Redding, Connecticut, is a small city with a population of 9,110. It is also one of the most expensive places to live in the country, with a median home value of $1,051,014. In a city with a population of 52,005, the median income came in at $81,971. 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 median home value is steep at $1,382,800 for 2022. Stamford, CT Annual household income: $152,102, 11. The next richest town in Connecticut is Ridgefield. As at 2019, Connecticut had a per capita income of $44,496. 4.2% of public school students are eligible for free or reduced lunch, and test performance in the public schools for Redding is excellent. Shelton places in the number two spot with a median income of $87,277. 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. However, it is true that overall, the Nutmeg State is richer than most. Redding has a median home sales price of $1,030,000 and a median household income of $138,125. Stamford is situated only 30 miles north of NYC, so it offers residents unparalleled access to the city. 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. Westport residents are well educated with 78% of residents having obtained a bachelors degree or higher. The 20 Worst Places to Live if you Have Arthritis in The U.S. 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. Easton has a thriving downtown area with many restaurants, shops, and entertainment options. New Canaan is expensive, even by Connecticut standards: The median home value is $1.9M, compared to $350,897 for the state overall. In fairness, the high prices arent unjustified. However, we dont believe that one statistic wholly encompasses what it means to be one of the richest places. As one of the Nutmeg state's oldest towns, it also represents one of the richest. What determines the overall wealth of a city? We love the detailed statistics that give us a clear snapshot of the socioeconomic dynamics of the city. Its got a population of just over 20,249 (2020) people, but it feels much smaller than that. The town is full of greenery and offers residents a tranquil vibe. They found this lovely old city during the Covid-19 pandemic and relocated for a safer and serene place to live. The information presented in this article are based on data from theUS Census American Community SurveyandRedfin. Its a small, charming seaside community in the Town of Greenwich with a population of 6,873. 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. Easton has excellent schools both public and private schools are available. 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. Below is a list of the wealthiest towns in Connecticut. 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. Download The Entire Connecticut Ranking Data. Inflation-adjusted household income is one of the factors. 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. Fairfield is one of the richest towns and among the best places to live in Connecticut. 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! The most affluent settled in the area to enjoy its beautiful beaches and other luxury amenities. A median income that sits at a mammoth $352,839. The states median household income is $79,043, which means that half of all households in the state earn above this amount and half earn below it. Groton rounds out the list of richest cities in the number ten spot. However, test score performance in the public school system gets a poor ranking. Point 2 Point Homes picked up on the city of Avon, whereas many other demographics lists didnt give them a second look. Fairfield, CT Annual household income: $139,122, 16. The unemployment rate is 3.2%, compared to the Fairfield County unemployment rate of 5.2%. West Simsbury has 151,104 residents as of 2022. The Population for 2020 was 1,797, but it has grown to 1,839 for 2022. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks. 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! According to the report, the four towns are Darien, Old Greenwich, Riverside, and . It is located about 29 miles northeast of New York City, offering residents an easy commute to the city. Weston, CT Annual household income: 222,535, 3. Hoping for a glimpse at some of those gorgeous views for which this town is known? The result? Research has shown that the climate of a location does have an impact on persons with moderate, Read More The 20 Worst Places to Live if you Have Arthritis in The U.S.Continue, If your dream is to live or explore in the wealthiest neighborhoods, California is the state for you. With a population of 20,622 inhabitants, the average income per household is $145,244. 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. (and lowest paying jobs). 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. Home to some of the most affluent residents of Connecticut, Darien has a median household income of $232,523. West Simsbury, CT Annual household income: $109,590, 19. Riverside is one of the wealthiest communities in Connecticut. Jobs are plentiful in the city with a population of 7,453. The median home value in Greenwich is over $1.5 million, and many residents work in finance and banking in NYC. Westport has a thriving luxury real estate market with the median sales price in Westport at $1,796,000. All of these towns are located not too far east of Greenwich . Theres a premium on living in a safe neighborhood with all the trappings of a luxurious existence. Most of the properties in Riverside are primarily owner-occupied (80%) with only 20% rentals. It's also home to the state's only national historic site, Weir Farm. 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. In 2018, the average household income in its Old Greenwich. The average home price in Old Greenwich is $1.8 million. The schools are excellent and the town is beautiful, with tree-lined streets and old-fashioned townhouses. Westport Profile Page with Infographics. Unfortunately, however, there can be only one Connecticut place thats worthy of the HomeSnacks crown. 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. Westport was third in the state, and no. Counties [ edit] Its less ideal, however, if your bills are already bigger than your income. Ridgefield is also home to several conservation areas and preserves that provide a haven for wildlife such as deer, foxes, wild turkeys, and hawks. Riverside Profile Page with Infographics. The current Population is 2,601, with an annual growth rate of 0.35%. OnlyInYourState may earn compensation through affiliate links in this article. Thats right, folks, the Gold Coast didnt get its name because gold was found on Connecticuts beaches. You can find out more about him on LinkedIn or his website. Weston is in Fairfield County. Want to learn more about Weston? Its an Upper-Middle-Class town with a median household income of just under $141K. Most of Connecticut's wealth is concentrated in Fairfield County, which contains many affluent suburbs in Connecticut. The unemployment rate tries to capture the prospects for more people to become rich. Point 2 Point Homes advises that the small community of 8,779 people has an average household income of more than $200k per year. Matter of fact, its because there are a bunch of well-to-do people that call this New England state home. The town also boasts one of the best school systems in all of Connecticut! Be sure toFollow Us on Instagram,Like Us on Facebook, Subscribe to our YouTube Channel,and subscribe to ourMonthly Newsletter. In terms of per capita income, Connecticut is the richest state in the United States of America. Connecticut is no ones idea of a poor state. The beautiful neighborhood is small, just 6,962, after the influx of rich business professionals. Its also far below the national average rate of 3.9%. 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 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. Southports location near New York City also makes it attractive for commuters working there. As of the 2020 census, the population was 1,710. Whether you have money to burn or are living on a budget, everyone enjoys these free activities in Connecticut. Let us take a look at some of the richest towns in Connecticut that make up the per capita income. The Community Trail runs along the Long Island Sound and is a great place to walk or ride your bike. Related: The 10 Wealthiest Neighborhoods in San Francisco.
What Color Is Associated With Archangel Metatron,
Signs Your Boss Likes You But Is Hiding It,
Net Worth Wedding Trey Gowdy Wife,
Warlocks Mc Connecticut,
Is Frankie Borrelli Still At Barstool,
Articles R