Its the basis on which we chose the 20 richest towns in Connecticut, and the results might surprise you. Above is a fundraiser at the famous Glass House in New Canaan. 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. Weston, CT Annual household income: 222,535, 3. Darien is a small town on Connecticut's gold coast that is home to approximately 6,759 people. Wilton, CT Annual household income: $193,292, 9. South Glastonbury is a small town with a growing population ranging from 4848 to 5651. As a sign of just how rich this coastal Connecticut city is, the median income is a massive $321,377. Its quiet, with a population density of just over 2,000 people per square mile about half that of New York City. Let us take a look at some of the richest towns in Connecticut that make up the per capita income. With a median household income of $1,471,700, this is no place for people on a shoestring budget. New Canaan is situated right next to Darien and is also one of the richest towns in Connecticut. 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. As to which are the very wealthiest, find out now as we count down the 10 richest cities in Connecticut. Milford grabbed the top place in this list of richest cities. The information presented in this article are based on data from theUS Census American Community SurveyandRedfin. Its also very well educated, with over half of its residents having a college degree. You can download the data here. Darian is one of the richest towns in Connecticut with a median household income of nearly $243,750. The next town on this list is Wilton. Grace Duffield / Hearst Connecticut Media file photo Its also home to the states only national historic site, Weir Farm. Westport is in the top five most affluent cities in Connecticut for 2022. It has a population of 27,141. 25 Wealthiest Towns in the New York Suburbs, What are the Highest Paying Jobs in New York? Here are the wealthiest towns in Connecticut. 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 24 to 44 age group earns an average of $230,278 per year, with the 45 to 64 group bringing in $242,039retired residents 65 plus an average of $131,261 per year for the last calculations in 2020. Riverside Profile Page with Infographics. We suspect that the recent pandemic took a toll on residents who lost their jobs, with some forced to relocate for more affordable housing. Lidia Ryan is the managing editor of trending and features for Hearst Connecticut Media Group and is part of the digital team. Point 2 Point Homes advises that the small community of 8,779 people has an average household income of more than $200k per year. Education Levels The unemployment rate is 3%, which beats the state average by 4.1%. The average home value is $1,561,200, with 84% of the residents owning their own homes. Old Greenwich enjoys a low crime rate and excellent public schools. The average commute time from home to work is 31 minutes. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks. New Canaan is expensive, even by Connecticut standards: The median home value is $1.9M, compared to $350,897 for the state overall. 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. Demographic studies show that 81.64% of the residents are white; however, only 42.4% of the children in the public schools are white, suggesting that the city is starting to diversify its demographic Population. 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. Woodbridge is another wealthy Connecticut town. Its a great place to raise kids, with top-rated schools and safe streets. The town center village is listed as a historic district on the National Register of Historic Places. If youre curious enough, here are the poorest cities in Connecticut, according to data: Poorest: Hartford2nd Poorest: Bridgeport3rd Poorest: Waterbury. Southport is an affluent town in Connecticut. 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. Most of Connecticut's wealth is concentrated in Fairfield County, which contains many affluent suburbs in Connecticut. Want to learn more about Westport? Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. 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. The median household income in Riverside is $250,000, and most homes sell for over $2.5 million. Some haulers caught, Arming guidance counselors? Read More The 20 Safest Places To Live in TennesseeContinue, If you dont know what a HELOC is, dont feel stupid. 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. Most of the properties in Riverside are primarily owner-occupied (80%) with only 20% rentals. If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already. If you plan to buy a home in New Canaan, the average price is $1.36 million. As of the 2020 census, the population was 1,710. Haub, who took over the company after the death of his brother, Karl-Erivan, is now worth an estimated $2.9 billion. 22 overall, with average household income at $270,222. It is an affluent community that has a population of 20,622 individuals, and the majority of its residents, 80.1%, have completed at least a bachelors degree. Its in Hartford County. In a city with a population of 52,005, the median income came in at $81,971. 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. If the idea of paying $2,724 in rent each month makes you feel the same, definitely scratch it from your list. Southports location near New York City also makes it attractive for commuters working there. There are many things to do including going to the beach and shopping at the local malls. South Glastonburys Census results show a total of 2038 households in the town. With an average household income of $236,892 per year, it is one of the richest towns in the state. It has an average household income of $204,792, and the home prices range between $600,000-$800,000. Westport is one of the richest towns in Connecticut with a median household income of $222,375. 2015-2023 Chasing Chains, LLC. The schools are among the best in the state, making them the ideal place to raise a family. America's wealthiest people are starting to move into smaller cities, a new wealth report says. If you live in, Fairfield County's Norwalk, CT is the third richest city in the Nutmeg State. With a median household income of $1,471,700, this is no place for people on a shoestring budget. It has a population of 27,141. The 20 Worst Places to Live if you Have Arthritis in The U.S. Although the town is small, youll find plenty of recreational venues, cafes, restaurants, and shops. Home to some of the most affluent residents of Connecticut, Weston has a median household income of $222,535. Shelton has an extremely successful economy, with the 2nd lowest poverty level and lowest unemployment rate in Connecticut, at 5.4% and 4.9% respectively. Connecticut has for many years been labeled the richest state in the nation because of its highest-in-the-nation per capita income, but that may be rapidly changing according to figures from the U.S. Bureau of Economic Analysis. Save my name, email, and website in this browser for the next time I comment. Head to, Natalie is a writer and travel enthusiast who loves uncovering new places along the East Coast. the average home value is $1,471,700. 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). Theres usually something going on for recreation and entertainment in the town and surrounding areas. Darien is a small town on Connecticuts gold coast that is home to approximately 6,759 people. Despite its high per capita income, Connecticut is mainly a middle-class state. So, want to know where its just as difficult to Keep up with the Connecticuters as it is The Kardashians? The town also boasts one of the best school systems in all of Connecticut! Woodbridge is another Connecticut hamlet passed over by statisticians pointing out the most affluent cities in Connecticut. Its a peaceful town thats a great place for people who want to get away from hectic city life and enjoy nature. 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. 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). Redding, Connecticut, is a small city with a population of 9,110. Fairfield County towns have made yet another list of the richest places in the U.S. Connecticut’s per capita income was $44,496 in 2019, according to estimates. The median income is $80,896. Darien The richest town in Connecticut is Darien, with a median household income of $251,200. The bright side? The town has attracted the rich and famous . According to Area Vibes, the cost of living in Westport is 82% higher than the Connecticut average. It is also one of the most expensive places to live in the country, with a median home value of $1,051,014. 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. New Canaan is one of the wealthiest towns in Connecticut with a median sales price of $1,155,000. The staggering low unemployment rate for 2022 is 0.4%, far below the county, state, and national averages for unemployment rates. The average price of a home is $611,500, nearly three times the national average. The unemployment rate is low compared to the state average, and commuters spend an average of 44 minutes driving to work. California was the most represented with 23 cities and towns making the list. Westport, CT Annual household income: $222,535, 4. Fairfield. Jobs are plentiful in the area, with the working Population gainfully employed except for just 3.5%. The median home value is $766,900, making it more affordable than some other affluent communities. 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! 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. 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. Whenever any publication compiles a list of Americas richest cities, theres one name you can always count on seeing Old Greenwich. Located on Long Island Sound, Southport is a charming seaside community with a vibrant downtown area and beautiful beaches. This small coastal town is the perfect place for raising children, and you can enjoy plenty of outdoor activities, especially walking in nature. 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. 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 West Simsbury, CT Annual household income: $109,590, 19. The median income is $80,896. List of 25 Wealthiest Zipcodes in Connecticut; Rank Map Key Zipcode Zip Name County Adjusted Gross Income Median Household Income; 1: 06878: Riverside: Fairfield: $740130: The average renter pays $2,336 per month. Renting is a little cheaper, but not by much expect to part with around $1,886 per month for an apartment. (Infographs), What are the Highest Paying Jobs in New Jersey? Learn how your comment data is processed. The downtown area is quaint and charming with plenty of restaurants, shops, and entertainment options. The most charming small towns in Connecticut are perfect for a day trip or a new home. 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. Redding has a median home sales price of $1,030,000 and a median household income of $138,125. This is our tenth time ranking the richest cities in Connecticut. Located in Fairfield County, Weston has a population of 10,354. 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 small community has a population of 7,586 residents. Map of 25 Wealthiest Zipcodes in Connecticut Based on Average Adjusted Gross Income. If you choose to rent an apartment, expect to pay an average of $1,866 monthly. We love the detailed statistics that give us a clear snapshot of the socioeconomic dynamics of the city. There are also several golf courses in town that draw a lot of people from around the world. If you can afford a mortgage, its the better way to go in Fairfield. Its got a population of just over 20,249 (2020) people, but it feels much smaller than that. 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. The unemployment rate is 8.6% and the poverty rate is 10% in this city. 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. Fairfield County is very close to New York City. Essex Village, CT Annual household income: $172,302, 12. Wilton is undoubtedly a wealthy community and one of the top ten richest in the state of Connecticut for 2022. Old Greenwich has a population of 6,962 and a median household income of $222,794. Riverside is one of the wealthiest communities in Connecticut. New Canaan has a small-town feel with big-city amenities. There is a good reason that Norwalk was listed as one of the. Old Greenwich residents live a good work-life balance with an average commute time of 38 minutes. 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? Isn't it grand to see Granby here in the top ten safest places in Connecticut. Dana has extensive professional writing experience including technical and report writing, informational articles, persuasive articles, contrast and comparison, grant applications, and advertisement. 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. This site uses Akismet to reduce spam. 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! The poverty rate is remarkably low at 1.12%, with median rent at $1,832 per month. Riverside has a population of 8,843. Most residents have at least a bachelors degree or higher and drive an average of 42 minutes to get to work. Want to learn more about Old Greenwich? [1] All data is from the 2010 United States Census and the 2011-2015 American Community Survey 5-Year Estimates.[2][3]. Whether you have money to burn or are living on a budget, everyone enjoys these free activities in Connecticut. Learn how your comment data is processed. . Other areas of wealth in the state include suburbs surrounding New Haven and Hartford, as well as pockets of Litchfield County . 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. We use data, analytics, and a sense of humor to determine quality of life for places across the nation. It's also very well educated, with over half of its residents having a college degree. As one of the Nutmeg state's oldest towns, it also represents one of the richest. The remaining six wealthy Connecticut communities, all in Greenwich, in order are. According to the report, the four towns are Darien, Old Greenwich, Riverside, and . When you click through real estate links on our site, we earn an affiliate commission. Home to some of the most affluent residents of Connecticut, Darien has a median household income of $232,523. What makes some cities more prosperous than others? New Canaan is one of the wealthiest towns and among the best places to live in Connecticut. If you plan to buy a home in the city, the median home value is $330,100. Its less ideal, however, if your bills are already bigger than your income. It is a picture-perfect neighborhood in the Town of Greenwich with beaches, highly rated schools, and an easy train ride to NYC. It also has a number of highly rated public and private schools, which can be a major plus for families with children. 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 2010 Census revealed a growth from 6.751 residents to 7,150, showing that the town is gaining its population base. The median income in this city is $81,634. Connecticut is the wealthiest state in the United States of America in terms of per capita incomes and wealth. CT proposal causes confusion, concern. Its a medium-sized town that has grown to become one of the most desirable places to live in Connecticut. Most of the townspeople hold bachelors degrees or higher. According to the most recent data, the number of people living in Ridgefield has decreased by 0.7% since 2020. People who live and work in Easton have a slightly higher income level. The states median household income is $79,043, which means that half of all households in the state earn above this amount and half earn below it. 1. Darian will be the second wealthiest city in Connecticut in 2022. The richest town in Connecticut is Darien, with a median household income of $251,200. View Map of 25 Poorest Zipcodes in Connecticut. The median home value is steep at $1,382,800 for 2022. 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. The unemployment rate is 3.2%, compared to the Fairfield County unemployment rate of 5.2%. Related: The 10 Wealthiest Cities In New York. Despite its small size, it is home to 18,932 people. The second wealthiest town in Connecticut is Riverside. In fairness, you do get a lot of return for your investment. However, we dont believe that one statistic wholly encompasses what it means to be one of the richest places. Counties [ edit] It has a population of 33,900 residents. 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. Theres a reason this state is one of the richest in the country. 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. 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. Read on to discover the 14 richest towns in Connecticut in 2022. How Much Are Closing Costs in Texas & Who Pays Them. Being a coastal city, citizens have plenty of opportunities to spend their free time. Shelton places in the number two spot with a median income of $87,277. With a median household income of $129,919, it is home to approximately 25,033 people. This site uses Akismet to reduce spam. Wealthiest Towns in CT Final - Suburbs 101. Want to know where Connecticuts 17 billionaires and 122,000 millionaires live? Located on Connecticut's Gold Coast, Greenwich is a financial powerhouse and also an exciting place to visit. Darian is an entire little town, and those that call it home enjoy lifes best with quaint shops, great places to dine, and plenty of recreational, shopping, and community event opportunities.