Read on to discover the 14 richest towns in Connecticut in 2022. (Infographic), What are the Highest Paying Jobs in Connecticut? Look here. We use data, analytics, and a sense of humor to determine quality of life for places across the nation. The median income in this city is $81,634. Stamford is a city in Fairfield County with a population of 14,499. The median house price in Westport is approximately $1.5 million. All in all, Riverside is a town that offers a great quality of life to its citizens. The average commute time from home to work is 31 minutes. If you love the outdoors, check out the beautiful. 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. Essex is another one of the richest towns in Connecticut. The 20 Worst Places to Live if you Have Arthritis in The U.S. Woodbridge, CT Annual household income: $205,541, 7. It has a population of 27,141. 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. HomeSnacks is reader-supported. With a median household income of $1,471,700, this is no place for people on a shoestring budget. 9. Redding is one of the wealthiest towns in CT. Its a small upscale community with a population of 8,765. Southport isnt the kind of city where keeping up with the neighbors comes cheaply. Westport is one of the richest towns in Connecticut with a median household income of $222,375. 6. The median sales price is residential sales data for 12 month period ending January 2023. According to Area Vibes, the cost of living in Westport is 82% higher than the Connecticut average. Westport is one of the wealthiest towns in Connecticut. The median household income in Wilton is $204,473 which is over twice as much as the state average of $79,043. Rich people not your cup of tea? Fairfield is also very safe and has low crime rates. 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? Westport was third in the state, and no. The states Atlantic coast is to the east, while the Gulf of Mexico coastline is to the west. Its quiet, with a population density of just over 2,000 people per square mile about half that of New York City. Unfortunately, however, there can be only one Connecticut place that's worthy of the HomeSnacks crown. Most of the residents are of white ethnicity, with only 6.1% of students in the public schools eligible for free or reduced lunch. 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. Isn't it grand to see Granby here in the top ten safest places in Connecticut. New Canaan has a small-town feel with big-city amenities. 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. Below is a list of the wealthiest towns in Connecticut. If you plan to buy a home in the city, the median home value is $330,100. Stamford, CT Annual household income: $152,102, 11. The information presented in this article are based on data from theUS Census American Community SurveyandRedfin. The climate is better for persons with allergies, asthma, and other respiratory conditions. 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. 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 most recent data, the number of people living in Ridgefield has decreased by 0.7% since 2020. 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. Its a peaceful town thats a great place for people who want to get away from hectic city life and enjoy nature. And if you have some time on your hands, take a look at how the other 99% live in Connecticuts poorest places. The average commute time from home to work is 23.6 minutes, suggesting ample employment opportunities in South Glastonbury. Its in Hartford County. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks. Wilton is also known as the village because of its quaint feel with many historic homes and buildings. She finds almost all topics she writes about interesting, but her favorite subjects are travel and food. Editors Note: Data has been updated for 2023. There are many things that families love about living in Wilton including its great school system, safe neighborhoods, and access to shopping centers. Not that there isnt more to it than that with a vibrant food scene, a charming historic district, gorgeous parks, and a great selection of shops, it offers premium living at an admittedly premium price tag. Easton is a great place to raise a family because it has a good school system. 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 poverty rate is remarkably low at 1.12%, with median rent at $1,832 per month. 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. Other areas of wealth in the state include suburbs surrounding New Haven and Hartford, as well as pockets of Litchfield County . 89.3% of the homes are occupied by their owners, with 10.7% as rentals. A rain garden is an area dug slightly below the surrounding area that can catch and collect rainfall and keep it from carrying pollutants downstream. Were just going to leave this right here. 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. 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. California was the most represented with 23 cities and towns making the list. Learn more about the Homesnacks methods that were used to collect the data and how the statistics were calculated. Weston is in Fairfield County. 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. Located on Long Island Sound, Southport is a charming seaside community with a vibrant downtown area and beautiful beaches. Keep reading. Woodbridge is another wealthy Connecticut town. 14 Richest Towns in Connecticut Darien Riverside Westport Old Greenwich Wilton Weston Greenwich Southport New Canaan Avon Ridgefield Stamford Woodbridge Essex 1. Old Greenwich is one of the richest Neighborhoods in Connecticut with a median household income of $238,750. Stamford is situated only 30 miles north of NYC, so it offers residents unparalleled access to the city. You catch that vibe when you visit New Canaan, but its not cheap to live there. Living in West Hartford is not cheap, but the perks are worth the cost with its safe neighborhoods, upscale shopping and dining venues, and more. The unemployment and poverty rates are 6.3% and 11.4% respectively. Wilton is undoubtedly a wealthy community and one of the top ten richest in the state of Connecticut for 2022. Theres usually something going on for recreation and entertainment in the town and surrounding areas. With salaries like that, most residents are having no problem in keeping up with those monster mortgage re-payments. With a population of 63,518, Greenwich is an upscale community with a median household income of $180,44. Westport residents are well educated with 78% of residents having obtained a bachelors degree or higher. Head to, Natalie is a writer and travel enthusiast who loves uncovering new places along the East Coast. What is it like to live in Greenwich, CT. Matter of fact, its because there are a bunch of well-to-do people that call this New England state home. Located on Connecticut's Gold Coast, Greenwich is a financial powerhouse and also an exciting place to visit. Well, HomeSnacks crunched the numbers and discovered that Stamford is the most expensive place to live in Connecticut. Weston, CT Annual household income: 222,535, 3. Groton rounds out the list of richest cities in the number ten spot. On the plus side, the median income of $190,227 is equally jaw-dropping. Avon, CT Annual household income: $187,080, 10. Let us take a look at some of the richest towns in Connecticut that make up the per capita income. 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. If you can afford a mortgage, its the better way to go in Fairfield. 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. Fairfield County is very close to New York City. It is an affluent community with a population of 18,503 people, and 75.1% of its residents have attained a bachelors degree or higher, reflecting an educated community. The average renter pays $2,336 per month. 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. 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. Wilton is surrounded by nature, offering many activities that are perfect for children and encouraging a healthy lifestyle. That ratio steadily has been. To see the other wealthy places that made this list, take a look below. Despite its small size, it is home to 18,932 people. Most homes were built in 1965 when the community saw its largest growth spurt. 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. The 20 Richest Towns in Connecticut in 2022; Liz Flynn. Some haulers caught, Arming guidance counselors? The homes in Westport are primarily owner-occupied (85%) and only 15% rentals. The first thing that comes to most peoples minds when they think about determining the richest places is to simply identify personal incomes. Riverside residents live a good work-life balance with an average commute time of 37 minutes. Numerous tech billionaires have called the town home, including Googles Eric Schmidt, Facebooks Sheryl Sandberg and Microsofts late co-founder Paul Allen.". Its also a better choice, Read More The 20 Best Places to Live with Low Humidity in the U.S.Continue. Four Connecticut towns made the top 50 list (well, three depending on how you look at it): Darien, Old Greenwich, Riverside (Greenwich) and Westport. Want to learn more about Greenwich, CT? Most Expensively 2023. And out of all the towns in Connecticut, none are wealthier than Greenwich in Fairfield County. The most charming small towns in Connecticut are perfect for a day trip or a new home. Its a great place for families and young professionals to live. Greenwich had a median household income of $180,484 in 2021 and is known as one of the richest cities in America. Suburbs 101is an insiders guide to suburban living. Let's go! Its also very well educated, with over half of its residents having a college degree. The unemployment rate tries to capture the prospects for more people to become rich. Greenwich is another of the wealthiest towns in Connecticut. 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. Southport is an affluent town in Connecticut. However, depending on the neighborhood, you can also find more affordable housing. 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. Haub, who took over the company after the death of his brother, Karl-Erivan, is now worth an estimated $2.9 billion. The next town on this list is Wilton. $55,137 is the median income in this city while the unemployment and poverty rates are 7.5% and 13.4% respectively. They found this lovely old city during the Covid-19 pandemic and relocated for a safer and serene place to live. Learn how your comment data is processed. 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. 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. 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. However, it is true that overall, the Nutmeg State is richer than most. The town is home to many Fortune 500 companies such as General Electric and Terex Corporation. The second wealthiest town in Connecticut is Riverside. OnlyInYourState may earn compensation through affiliate links in this article. Chris Kolmar has been in the real estate business for almost ten years now. The unemployment rate is low compared to the state average, and commuters spend an average of 44 minutes driving to work. How Much Are Closing Costs in Texas & Who Pays Them. Old Greenwich is home to some of the wealthiest Connecticut residents. A Bloomberg report is out on the 100 richest towns in America, and four towns in Connecticut made the list. Its got a population of just over 20,249 (2020) people, but it feels much smaller than that. Riverside has a population of 8,843. Renting is a little cheaper, but not by much expect to part with around $1,886 per month for an apartment. A Bloomberg report is out on the 100 richest towns in America, and four towns in Connecticut made the list. All rights reserved. Weston residents live a good work-life balance with an average commute time of 42 minutes. There are lots of affluent communities in the Nutmeg State, and some of them are unassuming. 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. Norwalk, CT, USA 4. The upscale community attracts residents who commute to New York City because its easy train ride to Manhattan. While the income number is higher than that of Milford, the higher unemployment rate of 7.9% gives this city a solid second place. Old Greenwich residents live a good work-life balance with an average commute time of 38 minutes. America's wealthiest people are starting to move into smaller cities, a new wealth report says. Want to learn more about Old Greenwich? Currently, Lee is practicing the smidgen of Chinese that he picked up while visiting the Chinese mainland in hopes of someday being able to read certain historical texts in their original language. This is a carousel. Jobs are plentiful in the city with a population of 7,453. Feel free to check out some more reading about Connecticut: Population: 40,944Rank Last Year: 1 (No Change)Median Income: $103,647Unemployment Rate: 5.0%Poverty Rate: 6.0%More on Shelton: Real Estate|Photos, Population: 50,694Rank Last Year: 2 (No Change)Median Income: $97,951Unemployment Rate: 5.6%Poverty Rate: 4.1%More on Milford: Real Estate|Photos, Population: 134,820Rank Last Year: 3 (No Change)Median Income: $99,791Unemployment Rate: 5.5%Poverty Rate: 9.4%More on Stamford: Real Estate|Photos, Population: 31,586Rank Last Year: 4 (No Change)Median Income: $86,900Unemployment Rate: 6.1%Poverty Rate: 4.9%More on Naugatuck: Real Estate|Photos, Population: 60,733Rank Last Year: 5 (No Change)Median Income: $73,604Unemployment Rate: 5.9%Poverty Rate: 8.9%More on Bristol: Real Estate|Photos, Population: 86,197Rank Last Year: 7 (Up 1)Median Income: $74,600Unemployment Rate: 6.0%Poverty Rate: 10.6%More on Danbury: Real Estate|Photos, Population: 90,821Rank Last Year: 6 (Down 1)Median Income: $91,434Unemployment Rate: 6.6%Poverty Rate: 9.7%More on Norwalk: Real Estate|Photos, Population: 47,164Rank Last Year: 8 (No Change)Median Income: $67,485Unemployment Rate: 5.6%Poverty Rate: 11.2%More on Middletown: Real Estate|Photos, Population: 40,020Rank Last Year: 9 (No Change)Median Income: $59,791Unemployment Rate: 6.1%Poverty Rate: 10.6%More on Norwich: Real Estate|Photos, Population: 55,518Rank Last Year: 12 (Up 2)Median Income: $66,868Unemployment Rate: 8.7%Poverty Rate: 11.8%More on West Haven: Real Estate|Photos. 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? The third on the list is Westport. Zip Data lists West Hartford as one of the 20 richest cities in the state. The community is known for being tight-knit with safe streets, low unemployment rates, and top-notch schools. If the idea of paying $2,724 in rent each month makes you feel the same, definitely scratch it from your list. The financial news and opinion site 24/7 Wall St . The town also boasts one of the best school systems in all of Connecticut! Darien residents are well educated with 83% of residents having obtained a bachelors degree or higher. 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. New Canaan is one of the wealthiest towns in Connecticut with a median sales price of $1,155,000. New Cannan, CT Average household income: $200,203.00 Living in New Canaan is like being surrounded by family. 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. Greenwich residents are well-educated, with 70.6% having completed at least a bachelors degree. The bright side? The median income is $80,896. A CT bill would expand it fur, Is CT recycling going into the trash? Hoping for a glimpse at some of those gorgeous views for which this town is known? The city deserves its spot on the list as its well above the average US income. Old Greenwich enjoys a low crime rate and excellent public schools. New Canaan is one of the wealthiest towns and among the best places to live in Connecticut. Its a small, charming seaside community in the Town of Greenwich with a population of 6,873. The village also includes a historic mill complex and dam. Youll find a community of 1,300 Wall Street execs and affiliates living in Old Greenwich, Connecticut. The current Population is 2,601, with an annual growth rate of 0.35%. If you plan to buy a home in New Canaan, the average price is $1.36 million. 78% of them have at least a bachelors degree. Weston Profile Page with Infographics. If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already. In addition to having a high income, Wilton residents also have a very low poverty rate at just 2.4%. The average family home retails for a massive $611,500, almost three times the . 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. Related: The 10 Wealthiest Neighborhoods in San Francisco. 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 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. The Easton School District offers many different programs including art, music, and sports. Darien residents live a good work-life balance with an average commute time of 39 minutes. It is also one of the most expensive places to live in the country, with a median home value of $1,051,014. What makes some cities more prosperous than others? Most of the properties in Riverside are primarily owner-occupied (80%) with only 20% rentals. The town has a population of about 10,278 (2020) people and has a median age of 42 years old. 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. Its a socioeconomically Upper Middle-Class city with a median household income of $136,261. By Joselynn Chua / February 27, 2023. As to which are the very wealthiest, find out now as we count down the 10 richest cities in Connecticut. Point 2 Point Homes advises that the small community of 8,779 people has an average household income of more than $200k per year. As of the 2020 census, the population was 1,710. Test performance scores in public schools are ranked as excellent. The city has magnificent homes with long driveways accessible through winding country roads and beautiful landscapes. The median household income in New Canaan is $214,977. The town has a thriving arts community and many of its residents are involved in local government or volunteer activities. After all, rich people have really high salaries. West Simsbury, CT Annual household income: $109,590, 19. Darien Profile Page with Infographics. If you can swallow up those property prices, theres a good chance youll be rewarded with an income in the region of $222,535. Its a medium-sized town that has grown to become one of the most desirable places to live in Connecticut. 87% of the residents own their homes, and just 13% rent. Newtown Borough is being credited as the richest town in the state of Connecticut. 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. Home to some of the most affluent residents in Connecticut, Westport has a median household income of $206,466. The Population is 8,843 in this close-knit community. 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 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. 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. Whether you have money to burn or are living on a budget, everyone enjoys these free activities in Connecticut. The median home value is steep at $1,382,800 for 2022. The average home price in town is $780,000. Jobs are plentiful in the area, with the working Population gainfully employed except for just 3.5%. It's also home to the state's only national historic site, Weir Farm. 45.7% of the children in public schools are eligible for free or reduced lunch programs.