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. 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. HomeSnacks is reader-supported. Cos Cob is one of the wealthiest communities in Connecticut with a median home sales price of $1,312,000. Wealthiest Towns in CT Final - Suburbs 101. Want to learn more about Darien? Home to some of the most affluent residents of Connecticut, Darien has a median household income of $232,523. There are lots of affluent communities in the Nutmeg State, and some of them are unassuming. 10. 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. The average home value is $650,400. 20. As of the 2020 census, the population was 1,710. Visit Bloomberg for the full report. Its come a long way in the past 10 years since the last Census. CT proposal causes confusion, concern. Easton, CT Annual household income: $166,875, 13. 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. Chris Kolmar has been in the real estate business for almost ten years now. When Does a Seller Get Their Money After Closing on a House? Darien residents are well educated with 83% of residents having obtained a bachelors degree or higher. Westport is a popular place for New Yorkers to visit on weekends because of its close proximity to Manhattan. You'll receive your first newsletter soon! Redding, Connecticut, is a small city with a population of 9,110. The average commute time from home to work is 31 minutes. When you click through real estate links on our site, we earn an affiliate commission. Married families in Ridgefield average an annual household income of 182,679, but the average is over $206k. The greatest investment during 2015 has been in the alternative accommodations, Read More Where $100 million in Vacation Rental Startups is GoingContinue, Colorado is an incredible state to stay in if you are looking for a place with amazing weather, plenty of food, sports, cultural, and outdoor activities. Connecticut is one of the wealthiest states in the US. 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. United States locations by per capita income, List of Connecticut locations by per capita income, United States counties by per capita income, "U.S. Census Bureau QuickFacts: Connecticut", "SELECTED ECONOMIC CHARACTERISTICS 2011-2015 American Community Survey 5-Year Estimates", "Profile of General Population and Housing Characteristics: 2010 Demographic Profile Data", U.S. states and territories by per capita income, List of United States counties by per capita income, Highest-income counties in the United States, Highest-income metropolitan statistical areas in the United States, Highest-income urban areas in the United States, Highest-income ZCTAs in the United States, Lowest-income counties in the United States, https://en.wikipedia.org/w/index.php?title=List_of_Connecticut_locations_by_per_capita_income&oldid=1133314595, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 13 January 2023, at 05:01. All of this combines to make the local housing market expensive. The town has a population of about 10,278 (2020) people and has a median age of 42 years old. 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. Old Greenwich Profile Page with Infographics. It has an average household income of $204,792, and the home prices range between $600,000-$800,000. Related: The 10 Wealthiest Cities In New York. Fairfield is one of the richest towns and among the best places to live in Connecticut. The median household income at Cos Cob is $138,125. If you want to live in Darian, youd better start saving. In todays world of language everything has an acronym dreamed up by some marketing or English major who feels the need to make everything, Read More Tips on How to Use a HELOC To Buy Real EstateContinue, Tucked in between North America and South America, the 20 countries that make up Latin America cover an enormous range of landscapes, climates, cultures, and traditions. West Simsbury, CT Annual household income: $109,590, 19. Darian is one of the richest towns in Connecticut with a median household income of nearly $243,750. People who live and work in Easton have a slightly higher income level. Another one of the richest towns in Connecticut is Weston. It is a very safe town surrounded by greenery. 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. Here are the wealthiest towns in Connecticut. With an average family income of $209,635 and a population of 18,460 inhabitants, Wilton is a relatively wealthy town. On the plus side, the median income of $190,227 is equally jaw-dropping. The largest city in Litchfield County, Torrington, grabs the number eight spot. The median home value is steep at $1,382,800 for 2022. OnlyInYourState may earn compensation through affiliate links in this article. Riverside is home to some of the most affluent residents of Connecticut with a median household income of $215,791. The average price of a home is $611,500, nearly three times the national average. If you love the outdoors, check out the beautiful. It is also one of the most diverse towns in the state, with over 50% of its residents being foreign-born. Riverside has a population of 8,843. We suspect that the recent pandemic took a toll on residents who lost their jobs, with some forced to relocate for more affordable housing. The benefits of living in this city are numerous, such as good schools, safe neighborhoods, and overall great lifestyle quality. Let's go! [1] All data is from the 2010 United States Census and the 2011-2015 American Community Survey 5-Year Estimates.[2][3]. However, the average house prices range from $1,5 million to $3 million. 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. Fairfield is a moderate-sized city in Fairfield County. The third on the list is Westport. West Simsbury has 151,104 residents as of 2022. Related: The 10 Wealthiest Neighborhoods in San Francisco. This time the list is from Bloomberg. The average family home retails for a massive $611,500, almost three times the national average. Most residents have at least a bachelors degree or higher and drive an average of 42 minutes to get to work. Easton has excellent schools both public and private schools are available. Hoping for a glimpse at some of those gorgeous views for which this town is known? Its one of the areas wealthiest communities, with the median annual household income at over $215k. Most Dangerous Neighborhoods in Washington DC. A relatively small town, it offers the opportunity of doing great outdoor activities. Stamford, CT Annual household income: $152,102, 11. Read on to discover the 14 richest towns in Connecticut in 2022. Its median income is $58,717. 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. 22 overall, with average household income at $270,222. 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. Essex is situated near the Connecticut river, a few miles north of some of the states best beach towns. Redding has a median home sales price of $1,030,000 and a median household income of $138,125. The poverty rate is remarkably low at 1.12%, with median rent at $1,832 per month. Four of the top 20 are places in New York, including Brookville village. Darian, CT Annual household income: $232,523, 1. It has a population of 33,900 residents. Wilton is surrounded by nature, offering many activities that are perfect for children and encouraging a healthy lifestyle. 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. 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 Wilton has impressive parks and rec programs to provide residents with many green areas to enjoy public events or family picnics. 83% of the residents have a bachelors degree or higher, and the unemployment rate is low. The town also boasts one of the best school systems in all of Connecticut! Fairfield County town is one of the most desirable places to live if you have the financial means. The unemployment rate is just 3.1%, with an average commute of 33 minutes. The homes in Darien are primarily owner-occupied (87%) with only 13% rentals. Only 15% of the residents rent because most people there are homeowners. The second wealthiest town in Connecticut is Riverside. The climate is better for persons with allergies, asthma, and other respiratory conditions. The communities in this city are close, and they love to sponsor community events for the residents and visitors. However, depending on the neighborhood, you can also find more affordable housing. The average family home retails for a massive $611,500, almost three times the . Westport is in the top five most affluent cities in Connecticut for 2022. Editors Note: Data has been updated for 2023. The unemployment rate is 3%, which beats the state average by 4.1%. We analyzed 21 places in Connecticut to determine where the 1% live. Weston is one of the most affluent towns in Connecticut with winding country roads and highly regarded schools. Test performance scores in public schools are above average, slightly lower than in Ridgefield. 1. Darien is a small town on Connecticuts gold coast that is home to approximately 6,759 people. The unemployment rate is 8.6% and the poverty rate is 10% in this city. 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. Wilton is also known as the village because of its quaint feel with many historic homes and buildings. Its got a population of just over 20,249 (2020) people, but it feels much smaller than that. If you live in, Fairfield County's Norwalk, CT is the third richest city in the Nutmeg State. The most affluent settled in the area to enjoy its beautiful beaches and other luxury amenities. 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. (Infographic), What are the Highest Paying Jobs in Connecticut? Old Greenwich Profile Page with Infographics. Stamford is situated only 30 miles north of NYC, so it offers residents unparalleled access to the city. The high demand is getting harder to find places for sale. The median sales price is residential sales data for 12 month period ending January 2023. Old Greenwich is home to some of the wealthiest Connecticut residents. Unfortunately, however, there can be only one Connecticut place that's worthy of the HomeSnacks crown. Riverside is one of the wealthiest communities in Connecticut. Westport is one of the wealthiest towns in Connecticut. Redding is one of the wealthiest towns in CT. Its a small upscale community with a population of 8,765. The unemployment and poverty rates are 7.9% and 8.5% respectively. To keep this list focused on city-sized spots, only communities with more than 9,000 people were considered, including the lovely Norwalk, Connecticut. In addition to having a high income, Wilton residents also have a very low poverty rate at just 2.4%. The town is also known for having excellent public schools. 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. Its smaller than Ridgefield but slightly more affluent. You can learn more about the top ten below or skip to the end to see the rankings for all 21 places. The village also includes a historic mill complex and dam. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks. Matter of fact, its because there are a bunch of well-to-do people that call this New England state home. South Glastonbury is a small town with a growing population ranging from 4848 to 5651. 14 Richest Towns in Connecticut Darien Riverside Westport Old Greenwich Wilton Weston Greenwich Southport New Canaan Avon Ridgefield Stamford Woodbridge Essex 1. The town is full of greenery and offers residents a tranquil vibe. Avons diversity rate is better than most of its neighboring communities. With a median household income just shy of a quarter-million a year, Darian is an exclusive place to live. With a population of 20,622 inhabitants, the average income per household is $145,244. (Infographs), What are the Highest Paying Jobs in New Jersey? 96% of the residents are homeowners with a median home value of $868,200. Only 16 states were represented in the top 100. And if you have some time on your hands, take a look at how the other 99% live in Connecticuts poorest places. 25 Wealthiest Towns in the New York Suburbs, What are the Highest Paying Jobs in New York? The average renter pays $2,336 per month. Connecticut is the wealthiest state in the United States of America in terms of per capita incomes and wealth. Ridgefield is one of the wealthiest towns in Connecticut with a median household income of 133,647. There are also many beautiful parks and green spaces throughout town. 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. Renters pay an average of $1,361 per month. 4.2% of public school students are eligible for free or reduced lunch, and test performance in the public schools for Redding is excellent. South Glastonbury, CT Annual household income: $135,596, 18. If more people are employed, the richer the future looks. New Cannan, CT Average household income: $200,203.00, 8. Property values are high, the median sales price is $1,029,000. We love the detailed statistics that give us a clear snapshot of the socioeconomic dynamics of the city. 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. 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 average home price in town is $780,000. The average adjusted gross income is $222,660. According to the report, the four towns are Darien, Old Greenwich, Riverside, and . Ridgefield offers something for everyone from great schools to recreation for the whole family. The median house price in Westport is approximately $1.5 million. 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. Want to learn more about Old Greenwich? Keep reading. This is our tenth time ranking the richest cities in Connecticut. 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. Not all of the countries have a great reputation, Read More The 20 Best Places to Live in Latin AmericaContinue, There are quite a few reasons why people choose to live in areas that have low humidity. Avon is the home of 1,206 entrepreneurs. Southport isnt the kind of city where keeping up with the neighbors comes cheaply. You can download the data here. Its a medium-sized town that has grown to become one of the most desirable places to live in Connecticut. Southport is an affluent town in Connecticut.

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