We analyzed 21 places in Connecticut to determine where the 1% live. The median income in Bristol is $61,551 while the unemployment rate is 7.8% and the poverty rate is 10.3%. Its also one of the wealthiest towns in Connecticut, with a median annual income per family of $180,057. The average commute time from home to work is 31 minutes. Redding is one of the wealthiest towns in CT. Its a small upscale community with a population of 8,765. 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 originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks. Easton is a great place to raise a family because it has a good school system. The third on the list is Westport. Old Greenwich Profile Page with Infographics. Theres usually something going on for recreation and entertainment in the town and surrounding areas. Weston is one of the richest towns in Connecticut with a median household income of $207,863. Riverside, CT Annual household income: $215,791, 5. Suburbs 101is an insiders guide to suburban living. Its capital is Hartford, and its most populous city is Bridgeport. Fairfield is also very safe and has low crime rates. It has an average household income of $234,152 and 6,611 residents. Youll find a community of 1,300 Wall Street execs and affiliates living in Old Greenwich, Connecticut. 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. 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. According to homes.com, Ridgefield is one of the most expensive places in Connecticut to buy a home. 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. The upside to all those sky-high prices is a median income that ranks as one of the highest in the state. The 20 Best Places to Live with Low Humidity in the U.S. 20 Cities with The Worst Weather in Europe, How Zac Stacy Achieved a Net Worth of $6 Million. Whether you have money to burn or are living on a budget, everyone enjoys these free activities in Connecticut. Westport residents live a good work-life balance with an average commute time of 44 minutes. Its quiet, with a population density of just over 2,000 people per square mile about half that of New York City. The average home value is $1,150,400. 78% of them have at least a bachelors degree. The financial news and opinion site 24/7 Wall St . 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. So, want to know where its just as difficult to Keep up with the Connecticuters as it is The Kardashians? If the thought of paying $868,200 for a home makes you feel queasy, you might want to give Weston a miss. 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. Darian, CT Annual household income: $232,523, 1. A CT bill would expand it fur, Is CT recycling going into the trash? The 20 Richest Towns in Connecticut - moneyinc.com The 10 Best Places To Live In Connecticut For 2022 - HomeSnacks Westport, CT Annual household income: $222,535, 4. Look here. Stamford, CT Annual household income: $152,102, 11. The first thing that comes to most peoples minds when they think about determining the richest places is to simply identify personal incomes. With salaries like that, most residents are having no problem in keeping up with those monster mortgage re-payments. 4 CT towns make list of 100 richest towns in America - News 12 Networks If you live in, Fairfield County's Norwalk, CT is the third richest city in the Nutmeg State. 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. Darian will be the second wealthiest city in Connecticut in 2022. Located in Fairfield County, Westport is an affluent town with beaches, private Country Clubs, and Yacht Clubs. The next richest town in Connecticut is Ridgefield. Related: The 10 Wealthiest Cities In North Carolina. Home to some of the most affluent residents of Connecticut, Darien has a median household income of $232,523. 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. Chris Kolmar has been in the real estate business for almost ten years now. Old Greenwich enjoys a low crime rate and excellent public schools. 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. The average home value is $466,000, making it one of the more affordable rich neighborhoods to buy a house. Weston residents live a good work-life balance with an average commute time of 42 minutes. Well, HomeSnacks crunched the numbers and discovered that Stamford is the most expensive place to live in Connecticut. West Simsbury has 151,104 residents as of 2022. 10. Let us take a look at some of the richest towns in Connecticut that make up the per capita income. It is located about 29 miles northeast of New York City, offering residents an easy commute to the city. Its also far below the national average rate of 3.9%. The average home price in Southport is $600,000. 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. 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. 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. Ridgefield offers something for everyone from great schools to recreation for the whole family. It's also home to the state's only national historic site, Weir Farm. In Old Greenwich, homes are primarily owner-occupied (84%) and only 16% of homes in Old Greenwich are rentals. Old Greenwich residents live a good work-life balance with an average commute time of 38 minutes. Its also home to the states only national historic site, Weir Farm. Safest Cities In Connecticut (Updated For 2021) - HomeSnacks The town has its own train station and airport called Sikorsky Memorial Airport that allows residents to travel easily to Manhattan by train or plane. Source: US Internal Revenue Service - 2018. Learn how your comment data is processed. Redding, Connecticut, is a small city with a population of 9,110. In addition to having a high income, Wilton residents also have a very low poverty rate at just 2.4%. 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. Its less ideal, however, if your bills are already bigger than your income. The unemployment rate is 3.2%, compared to the Fairfield County unemployment rate of 5.2%. Connecticut is one of the wealthiest states in the US. While the income number is higher than that of Milford, the higher unemployment rate of 7.9% gives this city a solid second place. A comprehensive list of Connecticuts top 10 richest cities, ranked according to median income and other key indicators of wealth. There are lots of affluent communities in the Nutmeg State, and some of them are unassuming. Its one of the areas wealthiest communities, with the median annual household income at over $215k. With a median household income of $1,471,700, this is no place for people on a shoestring budget. Most of the properties in Riverside are primarily owner-occupied (80%) with only 20% rentals. The city deserves its spot on the list as its well above the average US income. The most affluent settled in the area to enjoy its beautiful beaches and other luxury amenities. As of December 2019 Income inequality is huge in Connecticut, with the disparity most pronounced when comparing southern towns like New Canaan and Greenwich with Hartford, the state's capital.. Middletown, a riverside city south of Hartford, takes the 6th place spot with a median income of $63,828. Woodbridge is another wealthy Connecticut town. 22 overall, with average household income at $270,222. Heck, the competition for the top ten richest places in The Constitution State was quite fierce, so to narrow down our list we decided to look at the 21 Connecticut cities with at least 9,000 residents. In 2018, the average household income in its Old Greenwich. 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. 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. 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. Connecticut is home to some of the wealthiest people in America. Are you surprised by this list of the richest cities in Connecticut? What Is The Richest Town In Fairfield County? - PartyShopMaine 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. Its a medium-sized town that has grown to become one of the most desirable places to live in Connecticut. It has a population of 33,900 residents. Its among the top ten. Well, according to the latest Census data, the richest place in The Nutmeg State is Shelton. If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already. Its also known for its rich history and is listed on the National Register of Historic Places as Woodbridge Green Historic District. Ridgefield, CT Annual household income: $206,560, 6. Get more stories delivered right to your email. 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. South Glastonbury is a small town with a growing population ranging from 4848 to 5651. The Population is 8,843 in this close-knit community. Lidia has more than 10 years experience in news and digital media and holds a degree in journalism from the University of Connecticut. Keep reading. Southports location near New York City also makes it attractive for commuters working there. The town has a thriving arts community and many of its residents are involved in local government or volunteer activities. With fancy city names like Windsor and Danbury, Connecticut seems to ooze wealth around every corner. The 20 Most Affordable Places to Live in Connecticut - Money Inc What are the richest towns in Connecticut? - Vim Buzz Inflation-adjusted household income is one of the factors. As of the 2020 census, the population was 1,710. Top 25 Wealthiest Zipcodes in Connecticut - Zipdatamaps.com Only 16 states were represented in the top 100. The unemployment and poverty rates are 7.9% and 8.5% respectively. If you choose to rent an apartment, expect to pay an average of $1,866 monthly. Fairfield is a moderate-sized city in Fairfield County. Darien is a small town on Connecticuts gold coast that is home to approximately 6,759 people. The 10 Wealthiest Neighborhoods in San Francisco, median household income of nearly $243,750, The 10 Wealthiest Cities In North Carolina, median household income in Wilton is $204,473, population of just over 20,249 (2020) people, median home value in Easton is over $772,758, The 10 Richest Cities in Michigan Based on Median Income, The 10 Richest Neighborhoods in New York City, The 10 Wealthiest Cities in Georgia Based on Median Income, The 10 Wealthiest Cities in California Based on Median Income, The 10 Wealthiest Cities in Illinois Based on Median Income, The 10 Wealthiest Cities in Missouri Based on Median Income, The 10 Wealthiest Cities in North Carolina Based on Median Income, The 10 Wealthiest Cities in Maryland Based on Median Income. People who live and work in Easton have a slightly higher income level. Weston is one of the most affluent towns in Connecticut with winding country roads and highly regarded schools. COS COB is a Fairfield county city that extends to the border of the Stamford city limits. Newtown Borough is being credited as the richest town in the state of Connecticut. The median household income is just over $190K per year. Actual ranking depends on what metrics are used, but in general, Connecticut ranks within the five wealthiest states in the country. With an average family income of $209,635 and a population of 18,460 inhabitants, Wilton is a relatively wealthy town. If you want to live in Darian, youd better start saving. In terms of per capita income, it beats the nearest competition by a huge margin of almost $4000. It has an average household income of $204,792, and the home prices range between $600,000-$800,000. New Cannan, CT Average household income: $200,203.00, 8. Living in New Canaan is like being surrounded by family. 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. Liz loves the process of researching information, learning new things, and putting into words . 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. 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. Lidia Ryan is the managing editor of trending and features for Hearst Connecticut Media Group and is part of the digital team. Want to learn more about Westport? In 2010, communities got $74 million or just 28 percent of the $264 million they lost on state property, according to the Connecticut Conference of Municipalities. The median sales price of homes in Riverside is $834,000. 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. The richest town in Connecticut is Darien, with a median household income of $251,200. Southport has a long history as a summer resort and residential community. Save my name, email, and website in this browser for the next time I comment. The streets are safe, and the schools are highly rated. Cos Cob is one of the wealthiest communities in Connecticut with a median home sales price of $1,312,000. New Canaan has a small-town feel with big-city amenities.
