Inflation-adjusted household income is one of the factors. Darien Profile Page with Infographics. 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. With its safe streets, world-class schools, plentiful amenities, and tempting $163,945 median income, its a great place to call home if your bank balance meets the challenge. The Gold Coast, also known as Lower Fairfield County or Southwestern Connecticut not limited to the Connecticut panhandle, . Westport is a popular place for New Yorkers to visit on weekends because of its close proximity to Manhattan. Fairfield, CT Annual household income: $139,122, 16. Here are the 10 richest places in Connecticut for 2023: Shelton Milford Stamford Naugatuck Bristol Danbury Norwalk Middletown Norwich West Haven With fancy city names like Windsor and Danbury, Connecticut seems to ooze wealth around every corner. Its an Upper-Middle-Class town with a median household income of just under $141K. Milford grabbed the top place in this list of richest cities. 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. 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. Were just going to leave this right here. Lidia has more than 10 years experience in news and digital media and holds a degree in journalism from the University of Connecticut. According to the report, the four towns are Darien, Old Greenwich, Riverside, and . Wilton is surrounded by nature, offering many activities that are perfect for children and encouraging a healthy lifestyle. If the thought of paying $868,200 for a home makes you feel queasy, you might want to give Weston a miss. Its a desirable place to live if you can afford the costs. In addition to having a high income, Wilton residents also have a very low poverty rate at just 2.4%. Weston Profile Page with Infographics. 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. . The average home price in town is $780,000. The town is full of greenery and offers residents a tranquil vibe. Related: The 10 Wealthiest Neighborhoods in San Francisco. 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. You can download the data here. Most of Connecticuts wealth is concentrated in Fairfield County, which contains many affluent suburbs in Connecticut. Renting is a little cheaper, but not by much expect to part with around $1,886 per month for an apartment. The unemployment and poverty rates are 6.3% and 11.4% respectively. The median home value is $766,900, making it more affordable than some other affluent communities. Southport has a long history as a summer resort and residential community. Riverside has a population of 8,843. 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. Weston is one of the most affluent towns in Connecticut with winding country roads and highly regarded schools. Only 16 states were represented in the top 100. Most Expensively 2023. Stamford Wikipedia/John 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. Other areas of wealth in the state include suburbs surrounding New Haven and Hartford, as well as pockets of Litchfield County . Let's go! 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. Youll find a community of 1,300 Wall Street execs and affiliates living in Old Greenwich, Connecticut. If the idea of paying $2,724 in rent each month makes you feel the same, definitely scratch it from your list. Darian is one of the richest towns in Connecticut with a median household income of nearly $243,750. To keep this list focused on city-sized spots, only communities with more than 9,000 people were considered, including the lovely Norwalk, Connecticut. 14 Richest Towns in Connecticut Darien Riverside Westport Old Greenwich Wilton Weston Greenwich Southport New Canaan Avon Ridgefield Stamford Woodbridge Essex 1. 20% of the residents pay rent, with 80% owning their homes. Look here. The local school system is also amongst the best in the state. The largest city in Litchfield County, Torrington, grabs the number eight spot. However, we dont believe that one statistic wholly encompasses what it means to be one of the richest places. To see the other wealthy places that made this list, take a look below. 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. Whenever any publication compiles a list of Americas richest cities, theres one name you can always count on seeing Old Greenwich. Hoping for a glimpse at some of those gorgeous views for which this town is known? New Canaan and other wealthy towns made it onto the state's list of "disproportionately impacted areas" for favorable treatment in the marijuana legalization rollout, due to a quirk in the data. Its also one of the wealthiest towns in Connecticut, with a median annual income per family of $180,057. On the plus side, the median income of $190,227 is equally jaw-dropping. Redding, CT Annual household income: $140,995, 15. 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. People who live and work in Easton have a slightly higher income level. Its also home to some of the most expensive homes in the state. The communities in this city are close, and they love to sponsor community events for the residents and visitors. When you click through real estate links on our site, we earn an affiliate commission. The streets are safe, and the schools are highly rated. Its among the top ten. And out of all the towns in Connecticut, none are wealthier than Greenwich in Fairfield County. Its come a long way in the past 10 years since the last Census. The average commute time from home to work is 31 minutes. New Canaan is expensive, even by Connecticut standards: The median home value is $1.9M, compared to $350,897 for the state overall. The median income is $80,896. 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. A list of the richest cities in Connecticut was released by Homesnacks and we think you might be surprised at which places made the list. Woodbridge is another wealthy Connecticut town. If you live in, Fairfield County's Norwalk, CT is the third richest city in the Nutmeg State. The average income per family is $130,268, and home prices range anywhere between $500,000 to $2 million. The median household income in Wilton is $204,473 which is over twice as much as the state average of $79,043. Counties [ edit] Liz Flynn has worked as a full-time writer since 2010 after leaving a career in education. Related: The 10 Wealthiest Cities In New York. Suburbs 101 confirms that Riverside is a wealthy suburb of the Town of Greenwich. There is a good reason that Norwalk was listed as one of the best places to live in America. Property values are high, the median sales price is $1,029,000. The Census ranks individual city wealth by a formula that averages the household incomes, including the adjusted gross income and the average household income. According to the most recent data, the number of people living in Ridgefield has decreased by 0.7% since 2020. This time the list is from Bloomberg. New Canaan is one of the wealthiest towns in Connecticut with a median sales price of $1,155,000. 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! Its capital is Hartford, and its most populous city is Bridgeport. Darien is a small town on Connecticut's gold coast that is home to approximately 6,759 people. 22 overall, with average household income at $270,222. 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. If you can swallow up those property prices, theres a good chance youll be rewarded with an income in the region of $222,535. The towns population is under 21,742 people, yet it is home to at least seven country clubs and three golf courses. A relatively small town, it offers the opportunity of doing great outdoor activities. The unemployment and poverty rates are 7.9% and 8.5% respectively. Head out on a fun getaway to these spots: Thank you! 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. However, it is true that overall, the Nutmeg State is richer than most. Want to learn more about Weston? 45.7% of the children in public schools are eligible for free or reduced lunch programs. The homes in Darien are primarily owner-occupied (87%) with only 13% rentals. Known for its luxury waterfront homes, Old Greenwich has a median sales price of $2,063,000. 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. On this Wikipedia the language links are at the top of the page across from the article title. New Canaan is situated right next to Darien and is also one of the richest towns 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 town has over 120 acres of open space and over 1,000 acres of parkland. Connecticut towns make Bloomberg list of richest places, Owner of Tm brings authentic Mexican cuisine, art to Fairfield, St. Patrick's Day food and drink menus, parties around CT, Connecticut Magazine's 25 Most Romantic Restaurants in CT. Every year, Connecticut Magazine asks readers and experts for the state's best dining spots. Darien residents are well educated with 83% of residents having obtained a bachelors degree or higher. You catch that vibe when you visit New Canaan, but its not cheap to live there. The median income in Bristol is $61,551 while the unemployment rate is 7.8% and the poverty rate is 10.3%. 89.3% of the homes are occupied by their owners, with 10.7% as rentals. We begin our exploration of the best places to live in Connecticut for 2022 with Shelton, a city of 41,162 located between Bridgeport and New Haven. The median income is $80,896. The unemployment rate is 8.0% and the poverty rate is 8.9%. Avon, CT Annual household income: $187,080, 10. Westport residents are well educated with 78% of residents having obtained a bachelors degree or higher. 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. Its also a better choice, Read More The 20 Best Places to Live with Low Humidity in the U.S.Continue. 20. 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. Its one of the areas wealthiest communities, with the median annual household income at over $215k. Well, HomeSnacks crunched the numbers and discovered that Stamford is the most expensive place to live in Connecticut. 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. Darien residents live a good work-life balance with an average commute time of 39 minutes. Easton has a thriving downtown area with many restaurants, shops, and entertainment options. Almost 6,300 communities met the criteria, which includes approximately 75% of total households in the U.S.". If more people are employed, the richer the future looks. The town is also known for having excellent public schools. We use data, analytics, and a sense of humor to determine quality of life for places across the nation. If you want to drive your car everywhere, then this may not be the right fit for you; however, if you enjoy walking or biking, Old Greenwich has plenty to offer. Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. We suspect that the recent pandemic took a toll on residents who lost their jobs, with some forced to relocate for more affordable housing. Fairfield is a moderate-sized city in Fairfield County. Located on Connecticut's Gold Coast, Greenwich is a financial powerhouse and also an exciting place to visit. So, want to know where its just as difficult to Keep up with the Connecticuters as it is The Kardashians? Connecticut ( / kntkt / ( listen)) [10] is the southernmost state in the New England region of the Northeastern United States. Weston residents live a good work-life balance with an average commute time of 42 minutes. The Population for 2020 was 1,797, but it has grown to 1,839 for 2022. The unemployment rate is 7.3% while the poverty rate is higher at 11.2%. Wilton is undoubtedly a wealthy community and one of the top ten richest in the state of Connecticut for 2022. Connecticut has a large number of wealthy towns and cities with high incomes among its residents, but this does not mean that every resident of Connecticut lives in a wealthy area. Some work at private companies and governmental institutions. A town covered in vibrant nature, Avon is one of the richest towns in Connecticut. Want to learn more about Darien? With a median household income of $1,471,700, this is no place for people on a shoestring budget. The city deserves its spot on the list as its well above the average US income. The next richest town in Connecticut is Ridgefield. People who suffer from the pain and discomfort of arthritis can improve their symptoms by avoiding certain climates. Norwalk, CT, USA 4. Lidia Ryan is the managing editor of trending and features for Hearst Connecticut Media Group and is part of the digital team. Darien is one of the wealthiest towns in Connecticut. The 2010 Census revealed a growth from 6.751 residents to 7,150, showing that the town is gaining its population base. The median sales price of homes in Riverside is $834,000. Depending on individual tastes, personal circumstances, and the stage of life a person is at, everyone has different criteria in terms of what makes a great place to live. All of this combines to make the local housing market expensive. Visit Bloomberg for the full report. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks. With a population of 20,622 inhabitants, the average income per household is $145,244. With an average family income of $209,635 and a population of 18,460 inhabitants, Wilton is a relatively wealthy town. The median home value is steep at $1,382,800 for 2022. Get more stories delivered right to your email. Only 16 states were represented in the top 100. Fairfield is one of the richest towns and among the best places to live in Connecticut. The staggering low unemployment rate for 2022 is 0.4%, far below the county, state, and national averages for unemployment rates. Connecticut’s per capita income was $44,496 in 2019, according to estimates. In Old Greenwich, homes are primarily owner-occupied (84%) and only 16% of homes in Old Greenwich are rentals. (Infographs), What are the Highest Paying Jobs in New Jersey? Woodbridge, CT Annual household income: $205,541, 7. Other factors influencing the ranking of this city included an unemployment rate of 6.6% and a poverty rate of 7.1%. Its in Hartford County. If you can afford a mortgage, its the better way to go in Fairfield. The 20 Richest Towns in Connecticut in 2022; Liz Flynn. (Infographic), What are the Highest Paying Jobs in Connecticut? As the name implies, Southport is a port city that is situated on the coast. As at 2019, Connecticut had a per capita income of $44,496. It is a Fairfield County city home to many wealthy residents who enjoy private country clubs, yacht clubs, and pristine beaches. Rentals are much higher than most, with an average of $2,443 per month for non-homeowners. While the income number is higher than that of Milford, the higher unemployment rate of 7.9% gives this city a solid second place. It is located about 29 miles northeast of New York City, offering residents an easy commute to the city. Learn how your comment data is processed. Fairfield County's Norwalk, CT is the third richest city in the Nutmeg State. The town has the highest percentage of residents who are wealthy, at about 30 percent. Its also one of the most expensive places to live in the country, with a median home price of over $1.5 million. Only 4% of the homes in the community are available for rent. The median household income is just over $190K per year. Despite its small size, it is home to 18,932 people. 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.
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