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 Its a medium-sized town that has grown to become one of the most desirable places to live in Connecticut. The 2010 Census revealed a growth from 6.751 residents to 7,150, showing that the town is gaining its population base. With an average family income of $209,635 and a population of 18,460 inhabitants, Wilton is a relatively wealthy town. Old Greenwich residents live a good work-life balance with an average commute time of 38 minutes. Living there isnt cheap, though. Weston has been named one of the best places to live by Money Magazine, and it has consistently been ranked as one of the safest towns in Connecticut. Read More The 20 Safest Places To Live in TennesseeContinue, If you dont know what a HELOC is, dont feel stupid. 4 CT towns make list of 100 richest towns in America Southport is an affluent town in Connecticut. Newtown Borough is being credited as the richest town in the state of Connecticut. People love to enjoy life and share it with family, friends, and neighbors. California was the most represented with 23 cities and towns making the list. The Population is 8,843 in this close-knit community. The Census ranks individual city wealth by a formula that averages the household incomes, including the adjusted gross income and the average household income. Its the basis on which we chose the 20 richest towns in Connecticut, and the results might surprise you. The average home price in town is $780,000. Look here. Easton has excellent schools both public and private schools are available. Renting is a little cheaper, but not by much expect to part with around $1,886 per month for an apartment. Avons diversity rate is better than most of its neighboring communities. 10 Wealthiest Towns in Connecticut (2023) - Suburbs 101 Weston, CT Annual household income: 222,535, 3. If you plan to buy a home in New Canaan, the average price is $1.36 million. Expensive homes and big salaries arent the only things the population of this small city get to enjoy: with New York City just a stones throw away, a close-knit community, prestigious schools, safe streets, and plenty of green areas, its every bit as desirable as it is wealthy. Other areas of wealth in the state include suburbs surrounding New Haven and Hartford, as well as pockets of Litchfield County. The 10 Richest Cities in Connecticut - Money Inc Its come a long way in the past 10 years since the last Census. Darian will be the second wealthiest city in Connecticut in 2022. A Bloomberg report is out on the 100 richest towns in America, and four towns in Connecticut made the list. Known for its luxury waterfront homes, Old Greenwich has a median sales price of $2,063,000. You can download the data here. The information presented in this article are based on data from theUS Census American Community SurveyandRedfin. [1] All data is from the 2010 United States Census and the 2011-2015 American Community Survey 5-Year Estimates.[2][3]. Easton, CT Annual household income: $166,875, 13. Related: The 10 Wealthiest Cities In California. Its a small town of 10,354. Read on to discover the 14 richest towns in Connecticut in 2022. It's also very well educated, with over half of its residents having a college degree. Wilton is undoubtedly a wealthy community and one of the top ten richest in the state of Connecticut for 2022. On this Wikipedia the language links are at the top of the page across from the article title. Youll find parades, festivals, and occasional pop-up art exhibitions. America's wealthiest people are starting to move into smaller cities, a new wealth report says. 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. A median income that sits at a mammoth $352,839. A rain garden is an area dug slightly below the surrounding area that can catch and collect rainfall and keep it from carrying pollutants downstream. 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. Flavian Johnny is the founder of Mostexpensively.com - a blog that serves as an invaluable resource for expatriates and travelers looking for something special and unique. If you plan to rent in the city, plan on paying double the national average as apartments and homes go for $2,469 per month. Related: The 10 Wealthiest Cities In North Carolina. Inflation-adjusted household income is one of the factors. Weston Profile Page with Infographics. This is our tenth time ranking the richest cities in Connecticut. (and lowest paying jobs). Suburbs 101is an insiders guide to suburban living. COS COB is a Fairfield county city that extends to the border of the Stamford city limits. It also has a number of highly rated public and private schools, which can be a major plus for families with children. 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. According to homes.com, Ridgefield is one of the most expensive places in Connecticut to buy a home. Is Connecticut still the richest state in the nation? Barely Milford grabbed the top place in this list of richest cities. Name Census collected information for the past five years and breaks the average income levels by age group. The climate is better for persons with allergies, asthma, and other respiratory conditions. If youre thinking about moving to Austin and youre single without a family or spouse, you might find some neighborhoods, Read More The 10 Best Places to Live in Austin for SinglesContinue. 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. Avon, CT Annual household income: $187,080, 10. The median household income in New Canaan is $214,977. Counties [ edit] Weston residents are well educated with 78% of residents having obtained a bachelors degree or higher. That ratio steadily has been. New Cannan, CT Average household income: $200,203.00, 8. You're Really Wealthy If You Live In One Of These 6 CT - Patch All Rights Reserved. West Simsbury is classified socioeconomically as an upper-middle-class zip code compared to other zip codes in Connecticut. The percentage of students eligible for participation in reduced or free lunch programs is 32.7%, which is low compared to many other cities in the state. Head out on a fun getaway to these spots: Thank you! The median house price in Westport is approximately $1.5 million. After we collected the data for all 21 places with more than 9,000 people in Connecticut, we ranked each place from 1 to 21 for each of the criteria, with 1 being the richest. 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 4.2% of public school students are eligible for free or reduced lunch, and test performance in the public schools for Redding is excellent. Below is a list of the wealthiest towns in Connecticut. Riverside is home to some of the most affluent residents of Connecticut with a median household income of $215,791. Jobs are plentiful in the area, with the working Population gainfully employed except for just 3.5%. Most of the properties in Riverside are primarily owner-occupied (80%) with only 20% rentals. If youre planning a move to Tennessee, then youll be happy to know that there are some areas that are among the most beautiful in scenery as the landscape changes from one season to another. If the thought of paying $868,200 for a home makes you feel queasy, you might want to give Weston a miss. COS COB, CT Annual household income: $136,261, 17. Its also a better choice, Read More The 20 Best Places to Live with Low Humidity in the U.S.Continue. Darien residents are well educated with 83% of residents having obtained a bachelors degree or higher. Greenwich is synonymous with luxury real estate and wealth. Rich people not your cup of tea? 10. 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. 20. 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! Fairfield County is very close to New York City. The first thing that comes to most peoples minds when they think about determining the richest places is to simply identify personal incomes. Redding, Connecticut, is a small city with a population of 9,110. Besides these, Colorado has ongoing employment opportunities in aviation,, Read More The 10 Cheapest Places to Live in ColoradoContinue. The unemployment rate is 7.3% while the poverty rate is higher at 11.2%. 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. The schools are among the best in the state, making them the ideal place to raise a family. The town is partly in Hartford County, with some areas in Middlesex County. Its a great place to raise kids, with top-rated schools and safe streets. It is also one of the most expensive places to live in the country, with a median home value of $1,051,014. List of Connecticut locations by per capita income - Wikipedia The town has a thriving arts community and many of its residents are involved in local government or volunteer activities. With fancy city names like Windsor and Danbury, Connecticut seems to ooze wealth around every corner. The median home value in Easton is over $772,758 making it one of the most expensive places to live 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. Lidia Ryan is the managing editor of trending and features for Hearst Connecticut Media Group and is part of the digital team. 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). The local school system is also amongst the best in the state. 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. Old Greenwich has a population of 6,962 and a median household income of $222,794. The town has a population of about 10,278 (2020) people and has a median age of 42 years old. Among Connecticut cities and towns, the wealthiest are the big spenders Redding, CT Annual household income: $140,995, 15. Redding is one of the wealthiest towns in CT. Its a small upscale community with a population of 8,765. Use Next and Previous buttons to navigate. In the last year, its got even wealthier thanks to the influx of wealthy Wall Street types that have abandoned Covid stricken New York for the attractions of this exclusive enclave according to Business Insider, over 1300 of them have made the move since the pandemic started. A comprehensive list of Connecticuts top 10 richest cities, ranked according to median income and other key indicators of wealth. The community is predominantly white at 75.45% but is becoming more ethnically diverse than some of its neighboring towns, with a public school demographic of 68.9% white students. >> Click through to see how each CT spot ranked as well as each household income average. You catch that vibe when you visit New Canaan, but its not cheap to live there. The unemployment rate is low compared to the state average, and commuters spend an average of 44 minutes driving to work. Some work at private companies and governmental institutions. With salaries like that, most residents are having no problem in keeping up with those monster mortgage re-payments. 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Darien is a small town on Connecticuts gold coast that is home to approximately 6,759 people. West Simsbury has 151,104 residents as of 2022. If you're looking for a fun day trip, you will really enjoy, The city of Bristol with a population of 60,437 is ranked number seven. The median income in Danbury is $67,430 helping to secure its 5th place ranking. We analyzed 21 places in Connecticut to determine where the 1% live. 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%. Safest Cities In Connecticut (Updated For 2021) - HomeSnacks Related: The 10 Wealthiest Cities In Missouri. It is a very safe town surrounded by greenery. The 20 Richest Towns in Connecticut in 2022; Liz Flynn. 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. Greenwich residents are well-educated, with 70.6% having completed at least a bachelors degree. There are also many beautiful parks and green spaces throughout town. The community is known for being tight-knit with safe streets, low unemployment rates, and top-notch schools. Want to learn more about Old Greenwich? South Glastonbury, CT Annual household income: $135,596, 18. 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. Southport has a long history as a summer resort and residential community. Westport was third in the state, and no. You'll receive your first newsletter soon! However, depending on the neighborhood, you can also find more affordable housing. When you click through real estate links on our site, we earn an affiliate commission. Fairfield offers many different types of housing options including condos, apartments, townhomes, and single-family homes. Westport residents are well educated with 78% of residents having obtained a bachelors degree or higher. Old Greenwich Annual household income: $222,794, 2. Riverside Profile Page with Infographics. Four Connecticut towns made the top 50 list (well, three depending on how you look at it): Darien, Old Greenwich, Riverside (Greenwich) and Westport. Thats right, folks, the Gold Coast didnt get its name because gold was found on Connecticuts beaches. Jobs are plentiful in the city with a population of 7,453. The town has over 120 acres of open space and over 1,000 acres of parkland. The downtown area is quaint and charming with plenty of restaurants, shops, and entertainment options. The median household income is $99,791, and the average home price is $672,000. Point 2 Point Homes picked up on the city of Avon, whereas many other demographics lists didnt give them a second look. Want to know where Connecticuts 17 billionaires and 122,000 millionaires live? From Hedge Fund Executives to High Profile Athletes, these wealthy Americans call Connecticut their home. 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. However, the average house prices range from $1,5 million to $3 million. Other areas of wealth in the state include suburbs surrounding New Haven and Hartford, as well as pockets of Litchfield County . Home to some of the most affluent residents in Connecticut, Westport has a median household income of $206,466. This site uses Akismet to reduce spam. It has a population of 27,141. Old Greenwich enjoys a low crime rate and excellent public schools. There are plenty of shopping and fine dining venues in Riverside. With a median household income of $1,471,700, this is no place for people on a shoestring budget. The unemployment rate is 3%, which beats the state average by 4.1%. It's also one of the most expensive places to live in the country, with a median home price of over $1.5 million. Liz Flynn has worked as a full-time writer since 2010 after leaving a career in education. 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 average commute time from home to work is 35.7 minutes. 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. Fairfield. 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. With its quaint downtown, beautiful homes, and friendly people, its no wonder that Ridgefield was named one of the top 100 small towns in America by Money magazine! Essex Village is a highly desirable community to live in for the affluent. We love the detailed statistics that give us a clear snapshot of the socioeconomic dynamics of the city. Located on Connecticut's Gold Coast, Greenwich is a financial powerhouse and also an exciting place to visit. HomeSnacks is reader-supported. Newtown Borough is being credited as the richest town in the state of Connecticut. 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. West Simsbury, CT Annual household income: $109,590, 19. 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. Rentals are much higher than most, with an average of $2,443 per month for non-homeowners. And that makes living in the state expensive. Darien Profile Page with Infographics. 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 among the top ten. If you can swallow up those property prices, theres a good chance youll be rewarded with an income in the region of $222,535. Woodbridge is another Connecticut hamlet passed over by statisticians pointing out the most affluent cities in Connecticut. Some haulers caught, Arming guidance counselors? What makes some cities more prosperous than others? Theres a premium on living in a safe neighborhood with all the trappings of a luxurious existence. The average home value is $1,561,200, with 84% of the residents owning their own homes. Dariens median home value is $1,654,00. Citizens of COS COB have an average commute time from home to work of 31.9 minutes, suggesting they dont need to travel far for work. The unemployment rate is 8.6% and the poverty rate is 10% in this city. As one of the Nutmeg state's oldest towns, it also represents one of the richest. the average home value is $1,471,700. Milford, CT - HomeSnacks Its also very well educated, with over half of its residents having a college degree. Westport is one of the richest towns in Connecticut with a median household income of $222,375. With a median income of $59,522, Naugatuck took ninth place. While the income number is higher than that of Milford, the higher unemployment rate of 7.9% gives this city a solid second place. OnlyInYourState may earn compensation through affiliate links in this article. New Canaan is situated right next to Darien and is also one of the richest towns in Connecticut. Because it is a coastal town, you can spend most of your time on the beach and in natural parks. In 2018, the average household income in its Old Greenwich. Gold Coast (Connecticut) - Wikipedia As at 2019, Connecticut had a per capita income of $44,496. Fairfield County is very close to New York City. The average home value is $466,000, making it one of the more affordable rich neighborhoods to buy a house. You can find out more about him on LinkedIn or his website. Test performance scores in public schools are ranked as excellent. Connecticut’s per capita income was $44,496 in 2019, according to estimates. . And out of all the towns in Connecticut, none are wealthier than Greenwich in Fairfield County. The homes in Westport are primarily owner-occupied (85%) and only 15% rentals. Its in Hartford County. The unemployment rate is slightly higher at 3.6%, with the average commute time for workers at 31.3 minutes. 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. 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. The average family home retails for a massive $611,500, almost three times the national average. South Glastonburys Census results show a total of 2038 households in the town. Despite its small size, it is home to 18,932 people. 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 Cannan, CT Average household income: $200,203.00 Living in New Canaan is like being surrounded by family. 89.3% of the homes are occupied by their owners, with 10.7% as rentals. 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. Grace Duffield / Hearst Connecticut Media file photo A wealthy enclave on Connecticut's Gold Coast, Greenwich is consistently ranked as one of the richest cities in America. When Does a Seller Get Their Money After Closing on a House? 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. Actual ranking depends on what metrics are used, but in general, Connecticut ranks within the five wealthiest states in the country. Connecticut's neighboring towns of Greenwich and Darien have a combined population of around . Home to some of the most affluent residents of Connecticut, Weston has a median household income of $222,535. The town is full of greenery and offers residents a tranquil vibe. 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. South Glastonbury is a small town with a growing population ranging from 4848 to 5651. Its also far below the national average rate of 3.9%. Top 10 Richest Cities in Connecticut 2023 - namecensus.com 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.. Most Dangerous Neighborhoods in Washington DC. 83% of the residents have a bachelors degree or higher, and the unemployment rate is low. Test performance scores in public schools are above average, slightly lower than in Ridgefield. The average household income in Woodbridge is $96,919, and the median home price is $595,000. Most of Connecticut's wealth is concentrated in Fairfield County, which contains many affluent suburbs in Connecticut. The average household income umped over $20k, but the cost of housing has also risen in this desirable community. The next richest town in Connecticut is Ridgefield. The unemployment rate tries to capture the prospects for more people to become rich. It is one of the richest towns in Connecticut, boasting a median sales price of $1,835,000. However, we dont believe that one statistic wholly encompasses what it means to be one of the richest places. Map of 25 Wealthiest Zipcodes in Connecticut Based on Average Adjusted Gross Income. There are many things to do including going to the beach and shopping at the local malls. How Much Are Closing Costs in Texas & Who Pays Them. 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.