The average commute time from home to work is 31 minutes. Wilton is undoubtedly a wealthy community and one of the top ten richest in the state of Connecticut for 2022. Norwalk, CT, USA 4. 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. 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. Its the basis on which we chose the 20 richest towns in Connecticut, and the results might surprise you. There are lots of affluent communities in the Nutmeg State, and some of them are unassuming. 45.7% of the children in public schools are eligible for free or reduced lunch programs. Head to, Natalie is a writer and travel enthusiast who loves uncovering new places along the East Coast. The high demand is getting harder to find places for sale. Its in Hartford County. What are the most charming small towns in Connecticut? According to the most recent data, the number of people living in Ridgefield has decreased by 0.7% since 2020. Westport residents are well educated with 78% of residents having obtained a bachelors degree or higher. As one of the Nutmeg state's oldest towns, it also represents one of the richest. Groton rounds out the list of richest cities in the number ten spot. This time the list is from Bloomberg. Riverside, CT Annual household income: $215,791, 5. Other areas of wealth in the state include suburbs surrounding New Haven and Hartford, as well as pockets of Litchfield County. With a median household income of $1,471,700, this is no place for people on a shoestring budget. Jobs are plentiful in the city with a population of 7,453. All in all, Riverside is a town that offers a great quality of life to its citizens. What makes some cities more prosperous than others? Want to know where Connecticuts 17 billionaires and 122,000 millionaires live? The homes in Westport are primarily owner-occupied (85%) and only 15% rentals. 78% of them have at least a bachelors degree. The staggering low unemployment rate for 2022 is 0.4%, far below the county, state, and national averages for unemployment rates. The largest city in Litchfield County, Torrington, grabs the number eight spot. Old Greenwich Annual household income: $222,794, 2. Most of the properties in Riverside are primarily owner-occupied (80%) with only 20% rentals. Test performance scores in public schools are above average, slightly lower than in Ridgefield. The town is home to many Fortune 500 companies such as General Electric and Terex Corporation. Westport is a popular place for New Yorkers to visit on weekends because of its close proximity to Manhattan. The median home value in Easton is over $772,758 making it one of the most expensive places to live in Connecticut. The median household income in Riverside is $250,000, and most homes sell for over $2.5 million. Lidia Ryan is the managing editor of trending and features for Hearst Connecticut Media Group and is part of the digital team. The homes in Darien are primarily owner-occupied (87%) with only 13% rentals. The unemployment rate is lower than the state rate of 4.1% and the national rate of 3.9%. The average family home retails for a massive $611,500, almost three times the national average. Dariens median home value is $1,654,00. 89.3% of the homes are occupied by their owners, with 10.7% as rentals. Until the federal government takes its regulatory role seriously and uses the big stick that it has, corporations will attempt to self-regulate M&T urged to end 'banking desert' in Bridgeport neighborhoods, 'Candlewood' horror movie drops trailer inspired by local urban legends, Four Fairfield businesses fail February health inspections, Warrant: Ex-New Fairfield 'lunch lady' sent nude images to student on Snapchat for months before sex assault, Police make up 19 of Trumbull's top 20 highest paid employees, Former CT girls soccer coach pleads guilty to sexually assaulting player, Bridgeport man broke into Norwalk homes while families slept inside, warrants said, The Best Private High Schools Near Stamford, The Best Private Preschools Near New Haven, Guide to Legal Cannabis Dispensaries in CT, Why CT waits for $95 million from OxyContin maker Purdue Pharma, HUSKY Health is helping immigrants. The crime rate is practically non-existent, the median income is a stonking $139,122, the schools are some of the best in the state, and despite its relatively small size, it has a huge selection of restaurants, shops, cafes, and recreational venues to enjoy. All rights reserved. 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. With a median income of $59,522, Naugatuck took ninth place. 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). Located on Connecticut's Gold Coast, Greenwich is a financial powerhouse and also an exciting place to visit. Rentals are much higher than most, with an average of $2,443 per month for non-homeowners. Its median income is $58,717. The unemployment rate is just 3.1%, with an average commute of 33 minutes. 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. The city has magnificent homes with long driveways accessible through winding country roads and beautiful landscapes. Download The Entire Connecticut Ranking Data. It's also very well educated, with over half of its residents having a college degree. The unemployment rate is 8.0% and the poverty rate is 8.9%. Learn how your comment data is processed. With a median household income just shy of a quarter-million a year, Darian is an exclusive place to live. CT proposal causes confusion, concern. Connecticut's neighboring towns of Greenwich and Darien have a combined population of around . Read More The 20 Safest Places To Live in TennesseeContinue, If you dont know what a HELOC is, dont feel stupid. 87% of the residents own their homes, and just 13% rent. If youre curious enough, here are the poorest cities in Connecticut, according to data: Poorest: Hartford2nd Poorest: Bridgeport3rd Poorest: Waterbury. 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. You can download the data here. The unemployment rate, as of 2022, is 3.3%, far lower than the state unemployment rate of 4.1%. West Hartford, CT Annual household income: $142,197, 14. Weston, CT Annual household income: 222,535, 3. 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. Old Greenwich is home to some of the wealthiest Connecticut residents. The average commute time from home to work is 35.7 minutes. The town has its own train station and airport called Sikorsky Memorial Airport that allows residents to travel easily to Manhattan by train or plane. Just 16% of the homes are rentals. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks. >> Click through to see how each CT spot ranked as well as each household income average. Depending on individual tastes, personal circumstances, and the stage of life a person is at, everyone has different criteria in terms of what makes a great place to live. There are many things that families love about living in Wilton including its great school system, safe neighborhoods, and access to shopping centers. Look here. West Simsbury, CT Annual household income: $109,590, 19. The Easton School District offers many different programs including art, music, and sports. Almost 6,300 communities met the criteria, which includes approximately 75% of total households in the U.S.". With a population of 20,622 inhabitants, the average income per household is $145,244. Besides these, Colorado has ongoing employment opportunities in aviation,, Read More The 10 Cheapest Places to Live in ColoradoContinue. The Census ranks individual city wealth by a formula that averages the household incomes, including the adjusted gross income and the average household income. The 2010 Census revealed a growth from 6.751 residents to 7,150, showing that the town is gaining its population base. 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. 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. Woodbridge, CT Annual household income: $205,541, 7. Ridgefield, CT Annual household income: $206,560, 6. Westport is in the top five most affluent cities in Connecticut for 2022. The schools are among the best in the state, making them the ideal place to raise a family. You can learn more about the top ten below or skip to the end to see the rankings for all 21 places. It has an average household income of $234,152 and 6,611 residents. Learn more about the Homesnacks methods that were used to collect the data and how the statistics were calculated. 4.2% of public school students are eligible for free or reduced lunch, and test performance in the public schools for Redding is excellent. The median home value in Greenwich is over $1.5 million, and many residents work in finance and banking in NYC. However, its also popular among locals so much so that there are rumors that it might become a commuter town for New York City residents. We aim to deliver bite-sized pieces of infotainment about where you live. Grace Duffield / Hearst Connecticut Media file photo The average family home retails for a massive $611,500, almost three times the . Related: The 10 Wealthiest Cities In North Carolina. Greenwich is another of the wealthiest towns in Connecticut. Essex is situated near the Connecticut river, a few miles north of some of the states best beach towns. The town has over 120 acres of open space and over 1,000 acres of parkland. The 20 Best Places to Live with Low Humidity in the U.S. 20 Cities with The Worst Weather in Europe, How Zac Stacy Achieved a Net Worth of $6 Million. The median income in Bristol is $61,551 while the unemployment rate is 7.8% and the poverty rate is 10.3%. 20 Cities with the Worst Weather in the U.S. How Eiza Gonzalez Achieved a Net Worth of $5 Million. The median income is $80,896. Its got a population of just over 20,249 (2020) people, but it feels much smaller than that. In Old Greenwich, homes are primarily owner-occupied (84%) and only 16% of homes in Old Greenwich are rentals. Wilton, CT Annual household income: $193,292, 9. Home to over 136,309 people, Stamford is the richest city in Connecticut. Want to learn more about Riverside? If you plan to buy a home in New Canaan, the average price is $1.36 million. Despite its small size, it is home to 18,932 people. 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. The average home value is $650,400. 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. The unemployment rate is low compared to the state average, and commuters spend an average of 44 minutes driving to work. Old Greenwich Profile Page with Infographics. Cos Cob is one of the wealthiest communities in Connecticut with a median home sales price of $1,312,000. Well, according to the latest Census data, the richest place in The Nutmeg State is Shelton. Other factors influencing the ranking of this city included an unemployment rate of 6.6% and a poverty rate of 7.1%. Youll find parades, festivals, and occasional pop-up art exhibitions. 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. 6. Map of 25 Wealthiest Zipcodes in Connecticut Based on Average Adjusted Gross Income. The climate is better for persons with allergies, asthma, and other respiratory conditions. 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. Weston is one of the most affluent towns in Connecticut with winding country roads and highly regarded schools. Southport has a long history as a summer resort and residential community. Old Greenwich has a population of 6,962 and a median household income of $222,794. Are you surprised by this list of the richest cities in Connecticut? A comprehensive list of Connecticuts top 10 richest cities, ranked according to median income and other key indicators of wealth. The fourth wealthiest town in Connecticut is Old Greenwich. Most of the residents are of white ethnicity, with only 6.1% of students in the public schools eligible for free or reduced lunch. Southport isnt the kind of city where keeping up with the neighbors comes cheaply. The median household income at Cos Cob is $138,125. The 20 Worst Places to Live if you Have Arthritis in The U.S. The Community Trail runs along the Long Island Sound and is a great place to walk or ride your bike. With fancy city names like Windsor and Danbury, Connecticut seems to ooze wealth around every corner. 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. Be sure toFollow Us on Instagram,Like Us on Facebook, Subscribe to our YouTube Channel,and subscribe to ourMonthly Newsletter. With Connecticut being so close to New York City, it has become a favorite place for wealthy New Yorkers looking to buy a quaint, suburban home. The Population is 8,843 in this close-knit community. Located in Fairfield County, Westport is an affluent town with beaches, private Country Clubs, and Yacht Clubs. 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. Above is a fundraiser at the famous Glass House in New Canaan. The local school system is also amongst the best in the state. Test performance scores in public schools are ranked as excellent. 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. This site uses Akismet to reduce spam. Home to some of the most affluent residents in Connecticut, Westport has a median household income of $206,466. 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. Its a great place for families and young professionals to live. Fairfield offers many different types of housing options including condos, apartments, townhomes, and single-family homes. The average household income in Woodbridge is $96,919, and the median home price is $595,000. In terms of per capita income, Connecticut is the richest state in the United States of America. 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. Theres a reason this state is one of the richest in the country. 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? Fairfield is also very safe and has low crime rates. However, depending on the neighborhood, you can also find more affordable housing. Related: The 10 Wealthiest Neighborhoods in San Francisco. View Map of 25 Poorest Zipcodes in Connecticut. The average household income umped over $20k, but the cost of housing has also risen in this desirable community. Home to some of the most affluent residents of Connecticut, Weston has a median household income of $222,535. Woodbridge is another wealthy Connecticut town. 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. The median sales price of homes in Riverside is $834,000. Its an Upper-Middle-Class town with a median household income of just under $141K. The 20 Richest Towns in Connecticut in 2022; Liz Flynn. The downtown area is quaint and charming with plenty of restaurants, shops, and entertainment options. COS COB, CT Annual household income: $136,261, 17. Redding, Connecticut, is a small city with a population of 9,110. Most residents have at least a bachelors degree or higher and drive an average of 42 minutes to get to work. 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. People who live and work in Easton have a slightly higher income level. Its also a better choice, Read More The 20 Best Places to Live with Low Humidity in the U.S.Continue. And if you want to know where these wealthy Connecticutors live, take a look below at HomeSnacks list of the richest places in The Constitution State for 2023. A median income that sits at a mammoth $352,839. The median income in this city is $81,634. Gov. Only 16 states were represented in the top 100. Well, HomeSnacks crunched the numbers and discovered that Stamford is the most expensive place to live in Connecticut. On the plus side, the median income of $190,227 is equally jaw-dropping. The next town on this list is Wilton. Chris Kolmar has been in the real estate business for almost ten years now. It is also one of the most diverse towns in the state, with over 50% of its residents being foreign-born. Its a desirable place to live if you can afford the costs. Its quiet, with a population density of just over 2,000 people per square mile about half that of New York City. Weston is in Fairfield County. 10. 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 town is full of greenery and offers residents a tranquil vibe. There is a good reason that Norwalk was listed as one of the. Matter of fact, its because there are a bunch of well-to-do people that call this New England state home. Easton has excellent schools both public and private schools are available. Most Dangerous Neighborhoods in Washington DC. Head out on a fun getaway to these spots: Thank you! 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. Its smaller than Ridgefield but slightly more affluent. Get more stories delivered right to your email. Theres a premium on living in a safe neighborhood with all the trappings of a luxurious existence. 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.