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. Because it is a coastal town, you can spend most of your time on the beach and in natural parks. 14 Richest Towns in Connecticut Darien Riverside Westport Old Greenwich Wilton Weston Greenwich Southport New Canaan Avon Ridgefield Stamford Woodbridge Essex 1. Located on Long Island Sound, Southport is a charming seaside community with a vibrant downtown area and beautiful beaches. Let's go! Head to, Natalie is a writer and travel enthusiast who loves uncovering new places along the East Coast. 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. 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. According to the report, the four towns are Darien, Old Greenwich, Riverside, and . Its a small, charming seaside community in the Town of Greenwich with a population of 6,873. Old Greenwich residents live a good work-life balance with an average commute time of 38 minutes. A median income that sits at a mammoth $352,839. The average commute time from home to work is 23.6 minutes, suggesting ample employment opportunities in South Glastonbury. The largest city in Litchfield County, Torrington, grabs the number eight spot. The homes in Westport are primarily owner-occupied (85%) and only 15% rentals. 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. 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. Its located in Fairfield County under the 06896 zip code, sharing a border with Danbury and Georgetown. Want to learn more about Westport? The unemployment rate is lower than the state rate of 4.1% and the national rate of 3.9%. You can download the data here. Bloomberg reports that in Atherton, "the cheapest house on the market is currently listed for $2.5 million, according to real estate marketplace Zillow.com. Only 15% of the residents rent because most people there are homeowners. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks. With a median household income just shy of a quarter-million a year, Darian is an exclusive place to live. The median home value is $766,900, making it more affordable than some other affluent communities. 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. To see the other wealthy places that made this list, take a look below. The most affluent settled in the area to enjoy its beautiful beaches and other luxury amenities. There are lots of affluent communities in the Nutmeg State, and some of them are unassuming. The Upper Middle-Class neighborhood has an unemployment rate of 2.8% in its 06073 zip code compared to the Harford County rate of 6% and the state rate of 4.01%. So we looked at this set of criteria from the newly released 2017-2021 American Community Survey: Median household income is the most digestible way to understand how rich a place really is. If you can swallow up those property prices, theres a good chance youll be rewarded with an income in the region of $222,535. The result? Theres a reason this state is one of the richest in the country. The most charming small towns in Connecticut are perfect for a day trip or a new home. 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. It also has a number of highly rated public and private schools, which can be a major plus for families with children. Easton is a great place to raise a family because it has a good school system. It has an average household income of $234,152 and 6,611 residents. And out of all the towns in Connecticut, none are wealthier than Greenwich in Fairfield County. The city has grown over the past decade, increasing from 8,223 residents to 9,110. Are you surprised by this list of the richest cities in Connecticut? Some work at private companies and governmental institutions. 96% of the residents are homeowners with a median home value of $868,200. Darian is one of the richest towns in Connecticut with a median household income of nearly $243,750. Weston Profile Page with Infographics. Use Next and Previous buttons to navigate. The Easton School District offers many different programs including art, music, and sports. Known for its luxury waterfront homes, Old Greenwich has a median sales price of $2,063,000. 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. It has a population of 33,900 residents. 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 unemployment rate is low compared to the state average, and commuters spend an average of 44 minutes driving to work. The next richest town in Connecticut is Ridgefield. There is a good reason that Norwalk was listed as one of the best places to live in America. 45.7% of the children in public schools are eligible for free or reduced lunch programs. The 20 Worst Places to Live if you Have Arthritis in The U.S. The schools also have state-of-the-art technology such as iPads and Smart Boards so students can learn in new ways. Fairfield is one of the richest towns and among the best places to live in Connecticut. 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. Let us take a look at some of the richest towns in Connecticut that make up the per capita income. Other areas of wealth in the state include suburbs surrounding New Haven and Hartford, as well as pockets of Litchfield County. Connecticut is home to some of the wealthiest people in America. With a median household income of $1,471,700, this is no place for people on a shoestring budget. Related: The 10 Wealthiest Cities In California. If you want to live in one of Connecticuts richest places, youre going to need to make upwards of $59,791/year. The remaining six wealthy Connecticut communities, all in Greenwich, in order are. 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. The town also boasts one of the best school systems in all of Connecticut! With a median income of $59,522, Naugatuck took ninth place. 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. 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. The upside to all those sky-high prices is a median income that ranks as one of the highest in the state. Weston is one of the most affluent towns in Connecticut with winding country roads and highly regarded schools. Isn't it grand to see Granby here in the top ten safest places in Connecticut. The median home price in Essex was $651,000 in 2022. Despite its high per capita income, Connecticut is mainly a middle-class state. The Population for 2020 was 1,797, but it has grown to 1,839 for 2022. If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already. And if you have some time on your hands, take a look at how the other 99% live in Connecticuts poorest places. Westport, CT Annual household income: $222,535, 4. 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. Only 4% of the homes in the community are available for rent. Map of 25 Wealthiest Zipcodes in Connecticut Based on Average Adjusted Gross Income. Renting is a little cheaper, but not by much expect to part with around $1,886 per month for an apartment. With an average family income of $209,635 and a population of 18,460 inhabitants, Wilton is a relatively wealthy town. What determines the overall wealth of a city? The average home value is $1,150,400. Fairfield County towns have made yet another list of the richest places in the U.S. Were just going to leave this right here. If you want to live in Darian, youd better start saving. However, the average house prices range from $1,5 million to $3 million. So, want to know where its just as difficult to Keep up with the Connecticuters as it is The Kardashians? Ridgefield is also home to several conservation areas and preserves that provide a haven for wildlife such as deer, foxes, wild turkeys, and hawks. There are plenty of shopping and fine dining venues in Riverside. 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. The town has a high concentration of people from New York City who commute to work here by train or car. The median household income is just over $190K per year. It's also very well educated, with over half of its residents having a college degree. Living in New Canaan is like being surrounded by family. The rankings are based on income and home value. Darian, CT Annual household income: $232,523, 1. 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. The city deserves its spot on the list as its well above the average US income. The oldest towns in Connecticut are perfect places to visit for those who love learning about history. 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. Ned Lamont and General Assembly leaders to to focus on offsetting a potential property tax Armageddon. A relatively small town, it offers the opportunity of doing great outdoor activities. The town has attracted the rich and famous . Theres a premium on living in a safe neighborhood with all the trappings of a luxurious existence. Here are the wealthiest towns in Connecticut. Fairfield County town is one of the most desirable places to live if you have the financial means. This small coastal town is the perfect place for raising children, and you can enjoy plenty of outdoor activities, especially walking in nature. You can learn more about the top ten below or skip to the end to see the rankings for all 21 places. 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. As the name implies, Southport is a port city that is situated on the coast. When you click through real estate links on our site, we earn an affiliate commission. Chris Kolmar has been in the real estate business for almost ten years now. Its median income is $58,717. 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! It has an active social scene and boasts an impressive collection of restaurants, shops, and entertainment venues. Want to learn more about Darien? 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). Grace Duffield / Hearst Connecticut Media file photo The median income in this city is $81,634. Heck, the competition for the top ten richest places in The Constitution State was quite fierce, so to narrow down our list we decided to look at the 21 Connecticut cities with at least 9,000 residents. 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. The high demand is getting harder to find places for sale. Connecticut has a large number of wealthy towns and cities with high incomes among its residents, but this does not mean that every resident of Connecticut lives in a wealthy area. A wealthy enclave on Connecticut's Gold Coast, Greenwich is consistently ranked as one of the richest cities in America. A comprehensive list of Connecticuts top 10 richest cities, ranked according to median income and other key indicators of wealth. The town has the highest percentage of residents who are wealthy, at about 30 percent. The schools are excellent and the town is beautiful, with tree-lined streets and old-fashioned townhouses. It is a Fairfield County city home to many wealthy residents who enjoy private country clubs, yacht clubs, and pristine beaches. 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. 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.. 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. 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The Community Trail runs along the Long Island Sound and is a great place to walk or ride your bike. Newtown Borough is being credited as the richest town in the state of Connecticut. That ratio steadily has been. 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. We suspect that the recent pandemic took a toll on residents who lost their jobs, with some forced to relocate for more affordable housing. South Glastonbury is a small town with a growing population ranging from 4848 to 5651. Westport residents are well educated with 78% of residents having obtained a bachelors degree or higher. Connecticut is no ones idea of a poor state. The unemployment rate is 8.0% and the poverty rate is 8.9%. However, it is true that overall, the Nutmeg State is richer than most. Most of Connecticuts wealth is concentrated in Fairfield County, which contains many affluent suburbs in Connecticut. The average home value is $466,000, making it one of the more affordable rich neighborhoods to buy a house. To keep this list focused on city-sized spots, only communities with more than 9,000 people were considered, including the lovely Norwalk, 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. The 20 most affluent places, based on places with available data, all had household incomes above $485,000. There are also many beautiful parks and green spaces throughout town. In Old Greenwich, homes are primarily owner-occupied (84%) and only 16% of homes in Old Greenwich are rentals. Liz Flynn has worked as a full-time writer since 2010 after leaving a career in education.
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