We analyzed 21 places in Connecticut to determine where the 1% live. Riverside residents are well educated with 73% of residents have obtained a bachelors degree or higher. 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. All of this combines to make the local housing market expensive. Its one of the areas wealthiest communities, with the median annual household income at over $215k. This time the list is from Bloomberg. Southport is an affluent town in Connecticut. Wilton is also known as the village because of its quaint feel with many historic homes and buildings. 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 renter pays $2,336 per month. The average income per family is $130,268, and home prices range anywhere between $500,000 to $2 million. There are many things that families love about living in Wilton including its great school system, safe neighborhoods, and access to shopping centers. The streets are safe, and the schools are highly rated. Haub, who took over the company after the death of his brother, Karl-Erivan, is now worth an estimated $2.9 billion. Located in Fairfield County, Westport is an affluent town with beaches, private Country Clubs, and Yacht Clubs. The state is home to 91 of the US 100 most affluent zip codes. Riverside Profile Page with Infographics. Connecticut’s per capita income was $44,496 in 2019, according to estimates. The third on the list is Westport. To see the other wealthy places that made this list, take a look below. Weston, CT Annual household income: 222,535, 3. Stamford is situated only 30 miles north of NYC, so it offers residents unparalleled access to the city. People love to enjoy life and share it with family, friends, and neighbors. Westport has a thriving luxury real estate market with the median sales price in Westport at $1,796,000. As to which are the very wealthiest, find out now as we count down the 10 richest cities in Connecticut. 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 seaside neighborhood is a part of the Town of Greenwich, nestled on the beautiful waterfront with homes on its private beaches and all of the quaint little shops and dining venues the heart could desire. Avon is the home of 1,206 entrepreneurs. Despite its high per capita income, Connecticut is mainly a middle-class state. Andreas Halvorsen - Net Worth: $6.3 Billion Andreas Halvorsen is a Norwegian billionaire businessman whose net worth of $6.3 billion makes him the 6th richest person in Connecticut. In fairness, the high prices arent unjustified. 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. (Infographs), What are the Highest Paying Jobs in New Jersey? 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 is a Fairfield County city home to many wealthy residents who enjoy private country clubs, yacht clubs, and pristine beaches. Liz Flynn has worked as a full-time writer since 2010 after leaving a career in education. We love the detailed statistics that give us a clear snapshot of the socioeconomic dynamics of the city. Middle-class and affluent, finding somewhere that doesnt test the limits of your credit card can be a chore, particularly if you reserve your home finding to Fairfield County, a place that boasts some of the wealthiest communities in the entire US. Its less ideal, however, if your bills are already bigger than your income. Greenwich residents are well-educated, with 70.6% having completed at least a bachelors degree. The average commute time from home to work is 31 minutes. According to the report, the four towns are Darien, Old Greenwich, Riverside, and . The remaining six wealthy Connecticut communities, all in Greenwich, in order are. Its also known for its rich history and is listed on the National Register of Historic Places as Woodbridge Green Historic District. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[336,280],'homesnacks_com-medrectangle-3','ezslot_2',143,'0','0'])};__ez_fad_position('div-gpt-ad-homesnacks_com-medrectangle-3-0');So, what is the richest place in Connecticut? 96% of the residents are homeowners with a median home value of $868,200. In terms of per capita income, it beats the nearest competition by a huge margin of almost $4000. Fairfield is one of the richest towns and among the best places to live in Connecticut. Easton has excellent schools both public and private schools are available. The town is also home to many hedge fund managers, bankers, and lawyers. 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. Its got a population of just over 20,249 (2020) people, but it feels much smaller than that. Stamford, CT Annual household income: $152,102, 11. It is a picture-perfect neighborhood in the Town of Greenwich with beaches, highly rated schools, and an easy train ride to NYC. 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. What is it like to live in Greenwich, CT. 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. 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. Other areas of wealth in the state include suburbs surrounding New Haven and Hartford, as well as pockets of Litchfield County . Rich people not your cup of tea? Point 2 Point Homes picked up on the city of Avon, whereas many other demographics lists didnt give them a second look. Suburbs 101is an insiders guide to suburban living. 2015-2023 Chasing Chains, LLC. A Bloomberg report is out on the 100 richest towns in America, and four towns in Connecticut made the list. 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. New Cannan, CT Average household income: $200,203.00, 8. Redding is one of the wealthiest towns in CT. Its a small upscale community with a population of 8,765. Only 16 states were represented in the top 100. 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 homes in Westport are primarily owner-occupied (85%) and only 15% rentals. You can learn more about the top ten below or skip to the end to see the rankings for all 21 places. Dana has extensive professional writing experience including technical and report writing, informational articles, persuasive articles, contrast and comparison, grant applications, and advertisement. Grace Duffield / Hearst Connecticut Media file photo Westport is one of the wealthiest towns in Connecticut. The second wealthiest town in Connecticut is Riverside. Easton, CT Annual household income: $166,875, 13. 20. Redding, CT Annual household income: $140,995, 15. Ridgefield is one of the wealthiest towns in Connecticut with a median household income of 133,647. Its also far below the national average rate of 3.9%. >> Click through to see how each CT spot ranked as well as each household income average. Westport is one of the wealthiest towns in Connecticut. The unemployment rate is low compared to the state average, and commuters spend an average of 44 minutes driving to work. Unfortunately, however, there can be only one Connecticut place thats worthy of the HomeSnacks crown. Its a haven for New Yorks very rich to escape the hustle and bustle of big money firms and agencies. Head out on a fun getaway to these spots: Thank you! The Population is 8,843 in this close-knit community. In a city with a population of 52,005, the median income came in at $81,971. Keep reading. The schools are excellent and the town is beautiful, with tree-lined streets and old-fashioned townhouses. Whether you have money to burn or are living on a budget, everyone enjoys these free activities in Connecticut. Hoping for a glimpse at some of those gorgeous views for which this town is known? The oldest towns in Connecticut are perfect places to visit for those who love learning about history. Download The Entire Connecticut Ranking Data. 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. Its median income is $58,717. It is one of the richest towns in Connecticut, boasting a median sales price of $1,835,000. 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. Westport is a very desirable place to live as it ranks highly for safety. [1] All data is from the 2010 United States Census and the 2011-2015 American Community Survey 5-Year Estimates.[2][3]. Numerous tech billionaires have called the town home, including Googles Eric Schmidt, Facebooks Sheryl Sandberg and Microsofts late co-founder Paul Allen.". As to which are the very wealthiest, find out now as we count down the 10 richest cities in Connecticut. Old Greenwich is one of the richest Neighborhoods in Connecticut with a median household income of $238,750. Test performance scores in public schools are ranked as excellent. The unemployment rate is slightly higher at 3.6%, with the average commute time for workers at 31.3 minutes. Get more stories delivered right to your email. South Glastonburys Census results show a total of 2038 households in the town. The chart below shows the most common races living in the richest cities in Connecticut: 81.94% White 6.79% Hispanic 5.95% Asian 3.30% Two or more races 1.63% Black/African American 0.33% Other 0.07% Native 0.01% Hawaiian/Pacific Islander This shows that the most common race across the richest cities in Connecticut is "White". Theres a reason this state is one of the richest in the country. 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. The financial news and opinion site 24/7 Wall St . The Population is 27,141, with an average rent of $2,724 if youre not a homeowner. The 20 Worst Places to Live if you Have Arthritis in The U.S. Known for its luxury waterfront homes, Old Greenwich has a median sales price of $2,063,000. Most of Connecticut's wealth is concentrated in Fairfield County, which contains many affluent suburbs in Connecticut. 79.4% of the community are US-born citizens, with 11.73% born in other countries. 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. 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. Its come a long way in the past 10 years since the last Census. Gov. Darien is a small town on Connecticut's gold coast that is home to approximately 6,759 people. 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. Love Connecticut? 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. The average household income umped over $20k, but the cost of housing has also risen in this desirable community. The average home price in Old Greenwich is $1.8 million. Darien is a small town on Connecticuts gold coast that is home to approximately 6,759 people. 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. The town has over 120 acres of open space and over 1,000 acres of parkland. What are the richest towns in Connecticut? The median house price in Westport is approximately $1.5 million. Its quiet, with a population density of just over 2,000 people per square mile about half that of New York City. Its a desirable place to live if you can afford the costs. Other areas of wealth in the state include suburbs surrounding New Haven and Hartford, as well as pockets of Litchfield County. Name Census collected information for the past five years and breaks the average income levels by age group. Let's go! Essex Village, CT Annual household income: $172,302, 12. Whenever any publication compiles a list of Americas richest cities, theres one name you can always count on seeing Old Greenwich. If you can afford a mortgage, its the better way to go in Fairfield. The median home price in Essex was $651,000 in 2022. The fourth wealthiest town in Connecticut is Old Greenwich. 25 Wealthiest Towns in the New York Suburbs, What are the Highest Paying Jobs in New York? Want to learn more about Weston? In addition to having a high income, Wilton residents also have a very low poverty rate at just 2.4%. 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. Be sure toFollow Us on Instagram,Like Us on Facebook, Subscribe to our YouTube Channel,and subscribe to ourMonthly Newsletter. Connecticut is no ones idea of a poor state. It has an average household income of $234,152 and 6,611 residents. Below is a list of the wealthiest towns in Connecticut. Milford grabbed the top place in this list of richest cities. COS COB, CT Annual household income: $136,261, 17. A relatively small town, it offers the opportunity of doing great outdoor activities. You can find out more about him on LinkedIn or his website. Well, HomeSnacks crunched the numbers and discovered that Stamford is the most expensive place to live in Connecticut. 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 price in Ridgefield is $600,000, and it grants many benefits to its inhabitants: reduced crime rate, good schools, and an overall relaxed way of life. 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.