Inflation-adjusted household income is one of the factors. 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). 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. Unfortunately, however, there can be only one Connecticut place that's worthy of the HomeSnacks crown. We suspect that the recent pandemic took a toll on residents who lost their jobs, with some forced to relocate for more affordable housing. He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move. Riverside is one of the wealthiest communities in Connecticut. If you choose to rent an apartment, expect to pay an average of $1,866 monthly. The unemployment rate is lower than the state rate of 4.1% and the national rate of 3.9%. Darien is a small town on Connecticuts gold coast that is home to approximately 6,759 people. The unemployment rate is 8.6% and the poverty rate is 10% in this city. 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). Riverside Profile Page with Infographics. And that makes living in the state expensive. 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). 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. Wealthiest Towns in CT Final - Suburbs 101. As to which are the very wealthiest, find out now as we count down the 10 richest cities in Connecticut. The local school system is also amongst the best in the state. COS COB, CT Annual household income: $136,261, 17. California was the most represented with 23 cities and towns making the list. It has an active social scene and boasts an impressive collection of restaurants, shops, and entertainment venues. Its also one of the most expensive places to live in the country, with a median home price of over $1.5 million. The median household income at Cos Cob is $138,125. The majority are white-collar workers, just 4.96% in the blue-collar classification. With a median household income just shy of a quarter-million a year, Darian is an exclusive place to live. Wealthiest Towns in CT Final - Suburbs 101 Bloomberg reports that in Atherton, "the cheapest house on the market is currently listed for $2.5 million, according to real estate marketplace Zillow.com. Be sure toFollow Us on Instagram,Like Us on Facebook, Subscribe to our YouTube Channel,and subscribe to ourMonthly Newsletter. Liz Flynn has worked as a full-time writer since 2010 after leaving a career in education. Only 15% of the residents rent because most people there are homeowners. Map of 25 Wealthiest Zipcodes in Connecticut Based on Average Adjusted Gross Income. Its a small, charming seaside community in the Town of Greenwich with a population of 6,873. The town has a high concentration of people from New York City who commute to work here by train or car. The staggering low unemployment rate for 2022 is 0.4%, far below the county, state, and national averages for unemployment rates. The town is home to many Fortune 500 companies such as General Electric and Terex Corporation. The 10 Richest Cities in Connecticut - Money Inc But its worth it because Connecticut has some of the best opportunities for employment with the states overall unemployment rate holding steady with the national rate. 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? (Infographs), What are the Highest Paying Jobs in New Jersey? Old Greenwich is home to some of the wealthiest Connecticut residents. The first thing that comes to most peoples minds when they think about determining the richest places is to simply identify personal incomes. Most of the residents are of white ethnicity, with only 6.1% of students in the public schools eligible for free or reduced lunch. 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. With salaries like that, most residents are having no problem in keeping up with those monster mortgage re-payments. It also has a number of highly rated public and private schools, which can be a major plus for families with children. The average commute time for workers is 26.5 minutes, suggesting plenty of local jobs in the citys economy. The median home value in Greenwich is over $1.5 million, and many residents work in finance and banking in NYC. 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. A relatively small town, it offers the opportunity of doing great outdoor activities. 6. (and lowest paying jobs). Riverside also offers residents a quick commute into NYC. All of this combines to make the local housing market expensive. Learn more about the Homesnacks methods that were used to collect the data and how the statistics were calculated. Its also a better choice, Read More The 20 Best Places to Live with Low Humidity in the U.S.Continue. Grace Duffield / Hearst Connecticut Media file photo The village also includes a historic mill complex and dam. New Canaan has a small-town feel with big-city amenities. 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 Census revealed that 87.21% of the people living in the city are white, with 80.8 of students in the public schools listed as white. Its also home to some of the most expensive homes in the state. This site uses Akismet to reduce spam. Its smaller than Ridgefield but slightly more affluent. Connecticut’s per capita income was $44,496 in 2019, according to estimates. Most Expensively 2023. Its come a long way in the past 10 years since the last Census. 14 Richest Towns in Connecticut Darien Riverside Westport Old Greenwich Wilton Weston Greenwich Southport New Canaan Avon Ridgefield Stamford Woodbridge Essex 1. The unemployment rate is slightly higher at 3.6%, with the average commute time for workers at 31.3 minutes. The richest town in Connecticut is Darien, with a median household income of $251,200. 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! How Much Are Closing Costs in Texas & Who Pays Them. It is a very safe town surrounded by greenery. However, the average house prices range from $1,5 million to $3 million. She finds almost all topics she writes about interesting, but her favorite subjects are travel and food. There are plenty of shopping and fine dining venues in Riverside. 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. It's also very well educated, with over half of its residents having a college degree. Lidia has more than 10 years experience in news and digital media and holds a degree in journalism from the University of Connecticut. A wealthy enclave on Connecticut's Gold Coast, Greenwich is consistently ranked as one of the richest cities in America. The states Atlantic coast is to the east, while the Gulf of Mexico coastline is to the west. 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. 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. Weston is in Fairfield County. Numerous tech billionaires have called the town home, including Googles Eric Schmidt, Facebooks Sheryl Sandberg and Microsofts late co-founder Paul Allen.". The median income in this city is $81,634. Its less ideal, however, if your bills are already bigger than your income. Here Are The 10 Richest Cities In Connecticut - OnlyInYourState The communities in this city are close, and they love to sponsor community events for the residents and visitors. CT proposal causes confusion, concern. Top 25 Wealthiest Zipcodes in Connecticut - Zipdatamaps.com Editors Note: Data has been updated for 2023. Fairfield is also very safe and has low crime rates. Some work at private companies and governmental institutions. The 2010 Census revealed a growth from 6.751 residents to 7,150, showing that the town is gaining its population base. There is a good reason that Norwalk was listed as one of the best places to live in America. 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. 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. We aim to deliver bite-sized pieces of infotainment about where you live. This is a carousel. 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. The town has over 120 acres of open space and over 1,000 acres of parkland. Darian will be the second wealthiest city in Connecticut in 2022. COS COB is a Fairfield county city that extends to the border of the Stamford city limits. 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. Darian is one of the richest towns in Connecticut with a median household income of nearly $243,750. 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. 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! Renting is a little cheaper, but not by much expect to part with around $1,886 per month for an apartment. Related: The 10 Wealthiest Cities In California. Because it is a coastal town, you can spend most of your time on the beach and in natural parks. Old Greenwich has a population of 6,962 and a median household income of $222,794. Greenwich had a median household income of $180,484 in 2021 and is known as one of the richest cities in America. Gov. The next town on this list is Wilton. All in all, Riverside is a town that offers a great quality of life to its citizens. The bright side? Its also a great place for students who want to attend college because it has many colleges and universities nearby such as the University of Connecticut, Yale University, Quinnipiac University, and Sacred Heart University. Westport was third in the state, and no. 1. 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. Want to learn more about Darien? Wilton is undoubtedly a wealthy community and one of the top ten richest in the state of Connecticut for 2022. Most Dangerous Neighborhoods in Washington DC. The average home price in Southport is $600,000. You can learn more about the top ten below or skip to the end to see the rankings for all 21 places. 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. Whenever any publication compiles a list of Americas richest cities, theres one name you can always count on seeing Old Greenwich. What are the richest towns in Connecticut? 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. 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. Here are the wealthiest towns in Connecticut. Its harbor and beaches are popular among boaters, who are drawn by the calm waters of Long Island Sound and easy access to New York City via ferry or bridge. An average home value of just a little under $800,000 might seem like a fortune to most of us, but to the residents of Wilton, its little more than small change, at least if the median income of $193,292 is anything to go by. With a median household income of $1,471,700, this is no place for people on a shoestring budget. Most of Connecticut's wealth is concentrated in Fairfield County, which contains many affluent suburbs in Connecticut. Woodbridge is another wealthy Connecticut town. Other factors influencing the ranking of this city included an unemployment rate of 6.6% and a poverty rate of 7.1%. Despite its small size, it is home to 18,932 people. Darian, CT Annual household income: $232,523, 1. 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 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. This time the list is from Bloomberg. Four of the top 20 are places in New York, including Brookville village. Its also far below the national average rate of 3.9%. By Joselynn Chua / February 27, 2023. The financial news and opinion site 24/7 Wall St . Darien residents live a good work-life balance with an average commute time of 39 minutes. Dariens median home value is $1,654,00. Most residents have at least a bachelors degree or higher and drive an average of 42 minutes to get to work. Also in Fairfield County, the waterfront city of Stamford is ranked 4th on the list. Westport has a thriving luxury real estate market with the median sales price in Westport at $1,796,000. The median home value in Easton is over $772,758 making it one of the most expensive places to live in Connecticut. The median home price in Essex was $651,000 in 2022. 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 a great place for families and young professionals to live. Westport is a very desirable place to live as it ranks highly for safety. Almost 6,300 communities met the criteria, which includes approximately 75% of total households in the U.S.". Education Levels The median household income is just over $190K per year. When you click through real estate links on our site, we earn an affiliate commission. Source: US Internal Revenue Service - 2018. The median income is $80,896. Four Connecticut towns made the top 50 list (well, three depending on how you look at it): Darien, Old Greenwich, Riverside (Greenwich) and Westport. The most charming small towns in Connecticut are perfect for a day trip or a new home. Darian If you want to live in Darian, you'd better start saving. Being a coastal city, citizens have plenty of opportunities to spend their free time. Although the town is small, youll find plenty of recreational venues, cafes, restaurants, and shops. Want to know where Connecticuts 17 billionaires and 122,000 millionaires live? Its a peaceful town thats a great place for people who want to get away from hectic city life and enjoy nature. Avon, CT Annual household income: $187,080, 10. Fairfield County town is one of the most desirable places to live if you have the financial means. OnlyInYourState may earn compensation through affiliate links in this article. Connecticut is the wealthiest state in the United States of America in terms of per capita incomes and wealth. Home to over 136,309 people, Stamford is the richest city in Connecticut. However, it is true that overall, the Nutmeg State is richer than most. Weston Profile Page with Infographics. Weston is one of the most affluent towns in Connecticut with winding country roads and highly regarded schools. Read on to discover the 14 richest towns in Connecticut in 2022. The unemployment rate is low compared to the state average, and commuters spend an average of 44 minutes driving to work. However, depending on the neighborhood, you can also find more affordable housing. With a population of 20,622 inhabitants, the average income per household is $145,244. 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. In a city with a population of 52,005, the median income came in at $81,971. The average commute time from home to work is 31 minutes. With fancy city names like Windsor and Danbury, Connecticut seems to ooze wealth around every corner. The average home value is $650,400. Home to some of the most affluent residents of Connecticut, Weston has a median household income of $222,535. Want to learn more about Weston? Riverside, CT Annual household income: $215,791, 5. Westport is one of the wealthiest towns in Connecticut. The Most Affluent, Richest, High-Income Places in the US Easton has excellent schools both public and private schools are available. 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. The 20 Worst Places to Live if you Have Arthritis in The U.S. 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. Its safe, with a low crime rate. 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. Haub, who took over the company after the death of his brother, Karl-Erivan, is now worth an estimated $2.9 billion. 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. 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. Look here. Known for its luxury waterfront homes, Old Greenwich has a median sales price of $2,063,000. The town is also known for having excellent public schools. Related: The 10 Wealthiest Cities In North Carolina. Theyre well educated, and many residents commute to the city for their jobs with an average travel time of 38 minutes. The state is home to 91 of the US 100 most affluent zip codes. As one of the Nutmeg state's oldest towns, it also represents one of the richest. There are lots of affluent communities in the Nutmeg State, and some of them are unassuming. Westport is in the top five most affluent cities in Connecticut for 2022. Its the basis on which we chose the 20 richest towns in Connecticut, and the results might surprise you. The 10 Best Places To Live In Connecticut For 2022 - HomeSnacks Learn how your comment data is processed. Westport Profile Page with Infographics. Fairfield County's Norwalk, CT is the third richest city in the Nutmeg State. Home to some of the most affluent residents in Connecticut, Westport has a median household income of $206,466. (Infographic), What are the Highest Paying Jobs in Connecticut? Darien is one of the wealthiest towns in Connecticut. According to the report, the four towns are Darien, Old Greenwich, Riverside, and . Fairfield is a moderate-sized city in Fairfield County. If you can swallow up those property prices, theres a good chance youll be rewarded with an income in the region of $222,535.