The average commute time from home to work is 31 minutes. The average household income umped over $20k, but the cost of housing has also risen in this desirable community. Less than an hour train ride from New York City, Greenwich gives the feel of a small town with all the amenities of the big city. Easton is a great place to raise a family because it has a good school system. The schools also have state-of-the-art technology such as iPads and Smart Boards so students can learn in new ways. 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 median sales price is residential sales data for 12 month period ending January 2023. 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 financial news and opinion site 24/7 Wall St . With a median income of $59,522, Naugatuck took ninth place. Theres a reason this state is one of the richest in the country. The unemployment rate is lower than the state rate of 4.1% and the national rate of 3.9%. Both coasts have some, Read More The 10 Best Places to Live on the West Coast of FloridaContinue, Massachusetts is one of the most remarkable states in America. 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. Although the town only has 6,754 residents, the median income per capita is $91,618, which is well above the average median income in the US. There are also many beautiful parks and green spaces throughout town. Another one of the richest towns in Connecticut is Weston. Liz loves the process of researching information, learning new things, and putting into words . Home to some of the most affluent residents of Connecticut, Weston has a median household income of $222,535. If you thought that renting would help cut costs to a more reasonable level, think again according to Niche, the average cost of renting a home in this exclusive little city is over twice the national average at $2,469. Most websites that report demographics for Connecticut list Darian, as the richest city in the state, but World Population confirms that Southport jumped into the number one spot with an incredible average household income of $310,831. The poverty rate is remarkably low at 1.12%, with median rent at $1,832 per month. Learn more about the Homesnacks methods that were used to collect the data and how the statistics were calculated. We then averaged all the rankings for a place into a Rich Score with the place having the lowest overall Rich Score, Shelton, crowned the Richest City In Connecticut For 2023. 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. Unexpectedly, after looking at the median income of residents, along with poverty levels and unemployment rates, we found that wealth is spread throughout the state. 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! With a median income of $187,917 and a median home value of $703,200, this is a city of big paychecks, big houses, and big cars. These are some, Read More The 10 Richest Zip Codes In CaliforniaContinue, Florida has the longest coastline of any state in the contiguous United States. If you want to live in one of Connecticuts richest places, youre going to need to make upwards of $59,791/year. Suburbs 101 confirms that Riverside is a wealthy suburb of the Town of Greenwich. Fairfield is a moderate-sized city in Fairfield County. Greenwich is synonymous with luxury real estate and wealth. 87% of the residents own their homes, and just 13% rent. Some work at private companies and governmental institutions. Its also one of the wealthiest towns in Connecticut, with a median annual income per family of $180,057. 9. It is also one of the most diverse towns in the state, with over 50% of its residents being foreign-born. Read on to discover the 14 richest towns in Connecticut in 2022. 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. We analyzed 21 places in Connecticut to determine where the 1% live. The average value of a home is just under $800,000, which is on par with the average household income. 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 Map of 25 Wealthiest Zipcodes in Connecticut Based on Average Adjusted Gross Income. It is also one of the most expensive places to live in the country, with a median home value of $1,051,014. 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 average commute time for workers is 26.5 minutes, suggesting plenty of local jobs in the citys economy. Her academic degrees include AA social Sci/BA English/MEd Adult Ed & Community & Human Resource Development and ABD in PhD studies in Indust & Org Psychology. The median home value in Greenwich is over $1.5 million, and many residents work in finance and banking in NYC. New Canaan is situated right next to Darien and is also one of the richest towns in Connecticut. Source: US Internal Revenue Service - 2018. 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. According to the report, the four towns are Darien, Old Greenwich, Riverside, and . With an average household income of $236,892 per year, it is one of the richest towns in the state. If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already. Grace Duffield / Hearst Connecticut Media file photo Home to some of the most affluent residents of Connecticut, Darien has a median household income of $232,523. However, the average house prices range from $1,5 million to $3 million. Want to learn more about Old Greenwich? With a median household income of $129,919, it is home to approximately 25,033 people. Here are the wealthiest towns in Connecticut. [1] All data is from the 2010 United States Census and the 2011-2015 American Community Survey 5-Year Estimates.[2][3]. New Canaan is one of the wealthiest towns in Connecticut with a median sales price of $1,155,000. Stamford is situated only 30 miles north of NYC, so it offers residents unparalleled access to the city. Its less ideal, however, if your bills are already bigger than your income. The unemployment and poverty rates are 7.9% and 8.5% respectively. All in all, Riverside is a town that offers a great quality of life to its citizens. 20 Cities with the Worst Weather in the U.S. How Eiza Gonzalez Achieved a Net Worth of $5 Million. the average home value is $1,471,700. Rich people not your cup of tea? The local school system is also amongst the best in the state. The town has a thriving arts community and many of its residents are involved in local government or volunteer activities. The median household income in New Canaan is $214,977. While the income number is higher than that of Milford, the higher unemployment rate of 7.9% gives this city a solid second place. The median household income at Cos Cob is $138,125. When you learn that the average cost of a single-family home is $1,150,400 and the median income is $206,466, youll be left in no doubt. All of these towns are located not too far east of Greenwich . 10. Easton, CT Annual household income: $166,875, 13. Old Greenwich is one of the richest Neighborhoods in Connecticut with a median household income of $238,750. The homes in Darien are primarily owner-occupied (87%) with only 13% rentals. A Bloomberg report is out on the 100 richest towns in America, and four towns in Connecticut made the list. Its also far below the national average rate of 3.9%. 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. Old Greenwich Profile Page with Infographics. Related: The 10 Wealthiest Cities In Missouri. 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. Riverside, CT Annual household income: $215,791, 5. The average household income in Woodbridge is $96,919, and the median home price is $595,000. Fairfield offers many different types of housing options including condos, apartments, townhomes, and single-family homes. 91.82% of the Population is white, with 87.8% white students in the public school system. In Old Greenwich, homes are primarily owner-occupied (84%) and only 16% of homes in Old Greenwich are rentals. The median income is $80,896. There are many things that families love about living in Wilton including its great school system, safe neighborhoods, and access to shopping centers. What determines the overall wealth of a city? Easton has a thriving downtown area with many restaurants, shops, and entertainment options. The median home value is steep at $1,382,800 for 2022. However, we dont believe that one statistic wholly encompasses what it means to be one of the richest places. The 20 Worst Places to Live if you Have Arthritis in The U.S. Renters pay an average of $1,361 per month. Four Connecticut towns made the top 50 list (well, three. Fairfield is also very safe and has low crime rates. It has an average household income of $204,792, and the home prices range between $600,000-$800,000. Connecticut's neighboring towns of Greenwich and Darien have a combined population of around . This time the list is from Bloomberg. 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. Most of the residents are of white ethnicity, with only 6.1% of students in the public schools eligible for free or reduced lunch. Weston Profile Page with Infographics. Hoping for a glimpse at some of those gorgeous views for which this town is known? 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? Get more stories delivered right to your email. Most Expensively 2023. There are many things to do including going to the beach and shopping at the local malls. All rights reserved. The town also boasts one of the best school systems in all of Connecticut! As to which are the very wealthiest, find out now as we count down the 10 richest cities in Connecticut. New Cannan, CT Average household income: $200,203.00, 8. Westport is one of the richest towns in Connecticut with a median household income of $222,375. 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. 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 average home price in Old Greenwich is $1.8 million. Darien residents live a good work-life balance with an average commute time of 39 minutes. 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. The unemployment rate is 8.0% and the poverty rate is 8.9%. It is a Fairfield County city home to many wealthy residents who enjoy private country clubs, yacht clubs, and pristine beaches. The average commute time from home to work is 35.7 minutes. 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. It has an average household income of $234,152 and 6,611 residents. In addition to having a high income, Wilton residents also have a very low poverty rate at just 2.4%. Most of the townspeople hold bachelors degrees or higher. 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. 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. Old Greenwich enjoys a low crime rate and excellent public schools. Stamford is a city in Fairfield County with a population of 14,499. 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.

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