richest towns in connecticut11 Apr richest towns in connecticut
With salaries like that, most residents are having no problem in keeping up with those monster mortgage re-payments. California was the most represented with 23 cities and towns making the list. 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 has impressive parks and rec programs to provide residents with many green areas to enjoy public events or family picnics. Four of the top 20 are places in New York, including Brookville village. The unemployment rate is 3%, which beats the state average by 4.1%. With 733 . 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! Its a medium-sized town that has grown to become one of the most desirable places to live in Connecticut. 2015-2023 Chasing Chains, LLC. Most of Connecticuts wealth is concentrated in Fairfield County, which contains many affluent suburbs in Connecticut. Chris Kolmar has been in the real estate business for almost ten years now. Located in Fairfield County, Westport is an affluent town with beaches, private Country Clubs, and Yacht Clubs. The unemployment rate, as of 2022, is 3.3%, far lower than the state unemployment rate of 4.1%. As a sign of just how rich this coastal Connecticut city is, the median income is a massive $321,377. The fourth wealthiest town in Connecticut is Old Greenwich. The most affluent settled in the area to enjoy its beautiful beaches and other luxury amenities. Want to learn more about Weston? Well, HomeSnacks crunched the numbers and discovered that Stamford is the most expensive place to live 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. It's also very well educated, with over half of its residents having a college degree. Darien residents live a good work-life balance with an average commute time of 39 minutes. Rich people not your cup of tea? It is a Fairfield County city home to many wealthy residents who enjoy private country clubs, yacht clubs, and pristine beaches. Want to learn more about Westport? The schools also have state-of-the-art technology such as iPads and Smart Boards so students can learn in new ways. Connecticut is one of the wealthiest states in the US. Fairfield is one of the richest towns and among the best places to live in Connecticut. The Easton School District offers many different programs including art, music, and sports. The unemployment rate is slightly higher at 3.6%, with the average commute time for workers at 31.3 minutes. The average household income umped over $20k, but the cost of housing has also risen in this desirable community. The result? West Hartford, CT Annual household income: $142,197, 14. The average value of a home is just under $800,000, which is on par with the average household income. Whenever any publication compiles a list of Americas richest cities, theres one name you can always count on seeing Old Greenwich. Riverside Profile Page with Infographics. 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 homes in Darien are primarily owner-occupied (87%) with only 13% rentals. Isn't it grand to see Granby here in the top ten safest places in Connecticut. 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. 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. The town is home to many Fortune 500 companies such as General Electric and Terex Corporation. 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. Its also home to some of the most expensive homes in the state. Weston, CT Annual household income: 222,535, 3. Keep reading. Fairfield, CT Annual household income: $139,122, 16. Wilton is undoubtedly a wealthy community and one of the top ten richest in the state of Connecticut for 2022. 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.. The median home value in Greenwich is over $1.5 million, and many residents work in finance and banking in NYC. Besides these, Colorado has ongoing employment opportunities in aviation,, Read More The 10 Cheapest Places to Live in ColoradoContinue. The average home price in town is $780,000. We use data, analytics, and a sense of humor to determine quality of life for places across the nation. The towns population is under 21,742 people, yet it is home to at least seven country clubs and three golf courses. The 2010 Census revealed a growth from 6.751 residents to 7,150, showing that the town is gaining its population base. 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. 45.7% of the children in public schools are eligible for free or reduced lunch programs. A handful of factors, from the number of businesses in an area to its median income, have an impact on whether residents are thriving or struggling financially. . Old Greenwich residents live a good work-life balance with an average commute time of 38 minutes. There is a good reason that Norwalk was listed as one of the best places to live in America. Get the inside scoop on what its really like to live in the suburbs through our interviews with local suburbanites and features on Food, Fashion, Home, Garden, Travel, Pets, Real Estate and Local Events. The unemployment rate is 7.3% while the poverty rate is higher at 11.2%. People who suffer from the pain and discomfort of arthritis can improve their symptoms by avoiding certain climates. Almost 6,300 communities met the criteria, which includes approximately 75% of total households in the U.S.". 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 next town on this list is Wilton. Only 15% of the residents rent because most people there are homeowners. Test performance scores in public schools are above average, slightly lower than in Ridgefield. The average commute time from home to work is 23.6 minutes, suggesting ample employment opportunities in South Glastonbury. It's also home to the state's only national historic site, Weir Farm. If you plan to buy a home in New Canaan, the average price is $1.36 million. Theyre well educated, and many residents commute to the city for their jobs with an average travel time of 38 minutes. The 20 most affluent places, based on places with available data, all had household incomes above $485,000. Its smaller than Ridgefield but slightly more affluent. 78% of them have at least a bachelors degree. The median sales price is residential sales data for 12 month period ending January 2023. Riverside residents live a good work-life balance with an average commute time of 37 minutes. Its the basis on which we chose the 20 richest towns in Connecticut, and the results might surprise you. 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. Rentals are much higher than most, with an average of $2,443 per month for non-homeowners. The median home value in Easton is over $772,758 making it one of the most expensive places to live in Connecticut. What is it like to live in Greenwich, CT. Liz loves the process of researching information, learning new things, and putting into words . 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. The demographics data shows that 88.37% of the residents are white, with 83.9% of the public schools showing a student population that is 83.9% white with excellent test performance scores. the average home value is $1,471,700. It has a population of 27,141. Another one of the richest towns in Connecticut is Weston. Love Connecticut? The median household income at Cos Cob is $138,125. View Map of 25 Poorest Zipcodes in Connecticut. Home to over 136,309 people, Stamford is the richest city in Connecticut. New Canaan is one of the wealthiest towns in Connecticut with a median sales price of $1,155,000. Redding, CT Annual household income: $140,995, 15. Despite its high per capita income, Connecticut is mainly a middle-class state. The unemployment and poverty rates are 7.9% and 8.5% respectively. 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. The median income in this city is $81,634. Its safe, with a low crime rate. 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. The city deserves its spot on the list as its well above the average US income. 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. Its capital is Hartford, and its most populous city is Bridgeport. 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. It is one of the richest towns in Connecticut, boasting a median sales price of $1,835,000. The richest town in Connecticut is Darien, with a median household income of $251,200. 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. A town covered in vibrant nature, Avon is one of the richest towns in Connecticut. The bright side? To keep this list focused on city-sized spots, only communities with more than 9,000 people were considered, including the lovely Norwalk, Connecticut. Weston residents are well educated with 78% of residents having obtained a bachelors degree or higher. The average renter pays $2,336 per month. (and lowest paying jobs). Its in Hartford County. Essex is another one of the richest towns in Connecticut. Milford grabbed the top place in this list of richest cities. Head out on a fun getaway to these spots: Thank you! 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. 1. Riverside also offers residents a quick commute into NYC. The communities in this city are close, and they love to sponsor community events for the residents and visitors. With a median household income of $1,471,700, this is no place for people on a shoestring budget. 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. Old Greenwich Profile Page with Infographics. Westport, CT Annual household income: $222,535, 4. 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 average home value is $650,400. You'll receive your first newsletter soon! 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. 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. 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. There are also many beautiful parks and green spaces throughout town. Theres a premium on living in a safe neighborhood with all the trappings of a luxurious existence. Test performance scores in public schools are ranked as excellent. Home to some of the most affluent residents in Connecticut, Westport has a median household income of $206,466. Ranks #10 in Cheapest Places To Live In Connecticut Map Of Milford, CT Best Places Around Milford 1 Mount Sinai, NY Population 10,446 2 Sound Beach, NY Population 7,080 3 Port Jefferson, NY Population 8,016 4 Orange, CT Population 13,928 5 North Haven, CT Population 23,665 6 Shelton, CT Population 41,162 7 East Haven, CT Population 28,645 8 According to the report, the four towns are Darien, Old Greenwich, Riverside, and . 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). Name Census collected information for the past five years and breaks the average income levels by age group. The schools are among the best in the state, making them the ideal place to raise a family. The Gold Coast, also known as Lower Fairfield County or Southwestern Connecticut not limited to the Connecticut panhandle, . Source: US Internal Revenue Service - 2018. Old Greenwich residents are well educated with 80% of residents have obtained a bachelors degree or higher. Its a haven for New Yorks very rich to escape the hustle and bustle of big money firms and agencies. The unemployment rate is 8.6% and the poverty rate is 10% in this city. Above is a fundraiser at the famous Glass House in New Canaan. Want to learn more about Old Greenwich? It has an active social scene and boasts an impressive collection of restaurants, shops, and entertainment venues. Riverside is home to some of the most affluent residents of Connecticut with a median household income of $215,791. 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. The Community Trail runs along the Long Island Sound and is a great place to walk or ride your bike. Its an Upper-Middle-Class town with a median household income of just under $141K. Old Greenwich Profile Page with Infographics. The median home value is steep at $1,382,800 for 2022. Most of the properties in Riverside are primarily owner-occupied (80%) with only 20% rentals. West Simsbury has 151,104 residents as of 2022. All rights reserved. This is our tenth time ranking the richest cities in Connecticut. Wealthiest Towns in CT Final - Suburbs 101. Redding, Connecticut, is a small city with a population of 9,110. Get more stories delivered right to your email. How Much Are Closing Costs in Texas & Who Pays Them. 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. Connecticut is home to some of the wealthiest people in America. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks. Fairfield County is very close to New York City. Other areas of wealth in the state include suburbs surrounding New Haven and Hartford, as well as pockets of Litchfield County . California was the most represented with 23 cities and towns making the list. 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! Thats right, folks, the Gold Coast didnt get its name because gold was found on Connecticuts beaches. [1] All data is from the 2010 United States Census and the 2011-2015 American Community Survey 5-Year Estimates.[2][3]. The median household income in Riverside is $250,000, and most homes sell for over $2.5 million. Gov. It has an average household income of $234,152 and 6,611 residents. Darians median home value sits at around $1.7M thats more than double the national average. A median income that sits at a mammoth $352,839. Ridgefield is one of the wealthiest towns in Connecticut with a median household income of 133,647. Only 4% of the homes in the community are available for rent. And that makes living in the state expensive. Atherton, CA topped the list. Editors Note: Data has been updated for 2023. Wilton is undoubtedly a wealthy community and one of the top ten richest in the state of Connecticut for 2022. It is a picture-perfect neighborhood in the Town of Greenwich with beaches, highly rated schools, and an easy train ride to NYC. COS COB, CT Annual household income: $136,261, 17. The largest city in Litchfield County, Torrington, grabs the number eight spot. The town has over 120 acres of open space and over 1,000 acres of parkland. The majority are white-collar workers, just 4.96% in the blue-collar classification. West Simsbury, CT Annual household income: $109,590, 19. Darien is one of the wealthiest towns in Connecticut. and 10 Reasons to Move to Greenwich, CT. Wilton is recognized as one of the wealthiest towns in Connecticut with a median household income of $209,635. 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 median home price in Essex was $651,000 in 2022. Learn how your comment data is processed. What makes some cities more prosperous than others? 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. The median household income in New Canaan is $214,977. If more people are employed, the richer the future looks. The average commute time for workers is 26.5 minutes, suggesting plenty of local jobs in the citys economy. The city has magnificent homes with long driveways accessible through winding country roads and beautiful landscapes. The next richest town in Connecticut is Ridgefield. Learn how your comment data is processed. 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. By Joselynn Chua / February 27, 2023. In 2018, the average household income in its Old Greenwich. 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. According to the most recent data, the number of people living in Ridgefield has decreased by 0.7% since 2020. Connecticut ( / kntkt / ( listen)) [10] is the southernmost state in the New England region of the Northeastern United States. Home to some of the most affluent residents in Connecticut, Westport has a median household income of $206,466. Most of the residents have gainful employment with high-paying jobs. Grace Duffield / Hearst Connecticut Media file photo Westport was third in the state, and no. 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. The high demand is getting harder to find places for sale. The financial news and opinion site 24/7 Wall St . As one of the Nutmeg state's oldest towns, it also represents one of the richest. 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 you love the outdoors, check out the beautiful. If you choose to rent an apartment, expect to pay an average of $1,866 monthly. Fairfield County's Norwalk, CT is the third richest city in the Nutmeg State. 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 median house price in Westport is approximately $1.5 million. Contact: nclunan@onlyinyourstate.com, The Cafeteria With Some Of The Best Home-Cooked Food In Connecticut, See Mermaids In Real Life Right Here in Connecticut At The Mystic Aquarium, This Rustic Restaurant In Connecticut Serves Up Heaping Helpings Of Country Cooking, The Terrifying, Deadly Plane Crash In Connecticut That Will Never Be Forgotten, Here Are The 8 Poorest Cities In Connecticut, Here Are The 10 Cheapest Yet Great Places To Live In Connecticut, The 9 Most Dangerous Cities in Connecticut, Here Are The 9 Most Dangerous Places In Connecticut After Dark, Whittemore Glen State Park in Naugatuck, Connecticut, Bluff Point State Park in Groton, Connecticut. Easton, CT Annual household income: $166,875, 13. The oldest towns in Connecticut are perfect places to visit for those who love learning about history. According to Area Vibes, the cost of living in Westport is 82% higher than the Connecticut average. Connecticut’s per capita income was $44,496 in 2019, according to estimates. 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. 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.
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