Despite its small size, it is home to 18,932 people. 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. 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. With a population of 63,518, Greenwich is an upscale community with a median household income of $180,44. In Old Greenwich, homes are primarily owner-occupied (84%) and only 16% of homes in Old Greenwich are rentals. 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. Darien residents live a good work-life balance with an average commute time of 39 minutes. Its come a long way in the past 10 years since the last Census. Suburbs 101is an insiders guide to suburban living. Whenever any publication compiles a list of Americas richest cities, theres one name you can always count on seeing Old Greenwich. The average value of a home is just under $800,000, which is on par with the average household income. The unemployment rate is 8.6% and the poverty rate is 10% in this city. 83% of the residents have a bachelors degree or higher, and the unemployment rate is low. 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. 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. Avon, CT Annual household income: $187,080, 10. Its a haven for New Yorks very rich to escape the hustle and bustle of big money firms and agencies. Easton is a cute little city located just a short hop, skip, and a jump away from the amenities and attractions of the New York City metro area. Old Greenwich residents live a good work-life balance with an average commute time of 38 minutes. Related: The 10 Wealthiest Cities In New York. Living in New Canaan is like being surrounded by family. Riverside is one of the wealthiest communities in Connecticut. Its also very well educated, with over half of its residents having a college degree. Its quiet, with a population density of just over 2,000 people per square mile about half that of New York City. 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. Darien has a population of 21,499. 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. So, want to know where its just as difficult to Keep up with the Connecticuters as it is The Kardashians? The average home value is $466,000, making it one of the more affordable rich neighborhoods to buy a house. The small community has a population of 7,586 residents. The unemployment rate is lower than the state rate of 4.1% and the national rate of 3.9%. The communities in this city are close, and they love to sponsor community events for the residents and visitors. 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. 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. South Glastonburys Census results show a total of 2038 households in the town. We begin our exploration of the best places to live in Connecticut for 2022 with Shelton, a city of 41,162 located between Bridgeport and New Haven. Its got a population of just over 20,249 (2020) people, but it feels much smaller than that. As a sign of just how rich this coastal Connecticut city is, the median income is a massive $321,377. 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. Just 16% of the homes are rentals. The average renter pays $2,336 per month. 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. 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. The median home value is $766,900, making it more affordable than some other affluent communities. 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? It is located about 29 miles northeast of New York City, offering residents an easy commute to the city. 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. Check them out: What are the oldest towns in Connecticut? The Gold Coast, also known as Lower Fairfield County or Southwestern Connecticut not limited to the Connecticut panhandle, . Richest Places in Connecticut Bottom Line, Best First Time Home Buyer Programs & Grants in NYC. This is our tenth time ranking the richest cities in Connecticut. Only 16 states were represented in the top 100. 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! The crime rate in this town is also very low with only 5% of residents reporting that they had been victims of crime during the last year. The unemployment rate is just 3.1%, with an average commute of 33 minutes. 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. Milford grabbed the top place in this list of richest cities. Above is a fundraiser at the famous Glass House in New Canaan. Fairfield County's Norwalk, CT is the third richest city in the Nutmeg State. 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. 22 overall, with average household income at $270,222. To see the other wealthy places that made this list, take a look below. (Infographic), What are the Highest Paying Jobs in Connecticut? You can learn more about the top ten below or skip to the end to see the rankings for all 21 places. Haub, who took over the company after the death of his brother, Karl-Erivan, is now worth an estimated $2.9 billion. West Simsbury, CT Annual household income: $109,590, 19. The current Population is 2,601, with an annual growth rate of 0.35%. Darian, CT Annual household income: $232,523, 1. The average household income in Woodbridge is $96,919, and the median home price is $595,000. Riverside residents are well educated with 73% of residents have obtained a bachelors degree or higher. The third on the list is Westport. And out of all the towns in Connecticut, none are wealthier than Greenwich in Fairfield County. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks. 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). Learn more about the Homesnacks methods that were used to collect the data and how the statistics were calculated. The homes in Westport are primarily owner-occupied (85%) and only 15% rentals. The unemployment rate is slightly higher at 3.6%, with the average commute time for workers at 31.3 minutes. Four Connecticut towns made the top 50 list (well, three. 2015-2023 Chasing Chains, LLC. What makes some cities more prosperous than others? There are many factors that go into determining how rich or poor an area in Connecticut is, and the typical residents income can vary greatly from one place to another. Easton has excellent schools both public and private schools are available. Let's go! Living there isnt cheap, though. 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. In fairness, you do get a lot of return for your investment. Fairfield County town is one of the most desirable places to live if you have the financial means. What determines the overall wealth of a city? Here are the wealthiest towns in Connecticut. The staggering low unemployment rate for 2022 is 0.4%, far below the county, state, and national averages for unemployment rates. Essex is another one of the richest towns in Connecticut. Redding is one of the wealthiest towns in CT. Its a small upscale community with a population of 8,765. 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. You can find out more about him on LinkedIn or his website. Most of the residents are of white ethnicity, with only 6.1% of students in the public schools eligible for free or reduced lunch. If more people are employed, the richer the future looks. Be sure toFollow Us on Instagram,Like Us on Facebook, Subscribe to our YouTube Channel,and subscribe to ourMonthly Newsletter. Four Connecticut towns made the top 50 list (well, three depending on how you look at it): Darien, Old Greenwich, Riverside (Greenwich) and Westport. Liz loves the process of researching information, learning new things, and putting into words . The most charming small towns in Connecticut are perfect for a day trip or a new home. 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. The high demand is getting harder to find places for sale. 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. Old Greenwich is one of the richest Neighborhoods in Connecticut with a median household income of $238,750. With a population of 20,622 inhabitants, the average income per household is $145,244. There is a good reason that Norwalk was listed as one of the best places to live in America. Learn how your comment data is processed. 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. 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. Darian is on Long Island Sound and offers waterfront property for sale and for rent. Darians median home value sits at around $1.7M thats more than double the national average. Read More The 20 Safest Places To Live in TennesseeContinue, If you dont know what a HELOC is, dont feel stupid. The next richest town in Connecticut is Ridgefield. The city is in Fairfield County, with Census Bureau statistics that list the racial majority as 89.61% white, with similar demographics in the public schools. Youll find a community of 1,300 Wall Street execs and affiliates living in Old Greenwich, Connecticut. A Bloomberg report is out on the 100 richest towns in America, and four towns in Connecticut made the list. A relatively small town, it offers the opportunity of doing great outdoor activities. The information presented in this article are based on data from theUS Census American Community SurveyandRedfin. All in all, Riverside is a town that offers a great quality of life to its citizens. If you dream of the quiet life, its ideal. In fairness, the high prices arent unjustified. 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. What is it like to live in Greenwich, CT? Related: The 10 Wealthiest Cities In California. We suspect that the recent pandemic took a toll on residents who lost their jobs, with some forced to relocate for more affordable housing. Love Connecticut? Westport is one of the richest towns in Connecticut with a median household income of $222,375. 79.4% of the community are US-born citizens, with 11.73% born in other countries. 6. 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 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. Woodbridge is another wealthy Connecticut town. This site uses Akismet to reduce spam. The average adjusted gross income is $222,660. The town has over 120 acres of open space and over 1,000 acres of parkland. CT proposal causes confusion, concern. 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.. View Map of 25 Poorest Zipcodes in Connecticut. The towns population is under 21,742 people, yet it is home to at least seven country clubs and three golf courses. Westport is in the top five most affluent cities in Connecticut for 2022. Stamford Wikipedia/John America's wealthiest people are starting to move into smaller cities, a new wealth report says. Being a coastal city, citizens have plenty of opportunities to spend their free time. 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. Located on Connecticut's Gold Coast, Greenwich is a financial powerhouse and also an exciting place to visit. Certainly enough time to go to the beach after work for a picnic dinner by the water! The richest places in Connecticut are a lot like expensive diamonds; but, dont get it twisted, they are not by any means the diamonds in the rough. Most residents have at least a bachelors degree or higher and drive an average of 42 minutes to get to work. Most of the properties in Riverside are primarily owner-occupied (80%) with only 20% rentals. Connecticut is home to some of the wealthiest people in America. Other factors influencing the ranking of this city included an unemployment rate of 6.6% and a poverty rate of 7.1%. 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. The most affluent settled in the area to enjoy its beautiful beaches and other luxury amenities. 87% of the residents own their homes, and just 13% rent. Wilton is undoubtedly a wealthy community and one of the top ten richest in the state of Connecticut for 2022. The town has a population of about 10,278 (2020) people and has a median age of 42 years old. 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. Redding has a median home sales price of $1,030,000 and a median household income of $138,125. The median income is $80,896. COS COB, CT Annual household income: $136,261, 17. From Hedge Fund Executives to High Profile Athletes, these wealthy Americans call Connecticut their home. In terms of per capita income, it beats the nearest competition by a huge margin of almost $4000. The schools also have state-of-the-art technology such as iPads and Smart Boards so students can learn in new ways. 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. Ridgefield is one of the wealthiest towns in Connecticut with a median household income of 133,647. New Canaan is situated right next to Darien and is also one of the richest towns in Connecticut. Westport is one of the wealthiest towns in Connecticut. Darien is a small town on Connecticut's gold coast that is home to approximately 6,759 people. Suburbs 101 confirms that Riverside is a wealthy suburb of the Town of Greenwich. 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. 4.2% of public school students are eligible for free or reduced lunch, and test performance in the public schools for Redding is excellent. Darien Profile Page with Infographics. Its a great place for families and young professionals to live. If you can swallow up those property prices, theres a good chance youll be rewarded with an income in the region of $222,535. 89.3% of the homes are occupied by their owners, with 10.7% as rentals. Redding, CT Annual household income: $140,995, 15. Because it is a coastal town, you can spend most of your time on the beach and in natural parks. 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. >> Click through to see how each CT spot ranked as well as each household income average. Lidia has more than 10 years experience in news and digital media and holds a degree in journalism from the University of Connecticut. Most Expensively 2023. He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move. Renters pay an average of $1,361 per month. Known for its luxury waterfront homes, Old Greenwich has a median sales price of $2,063,000. As at 2019, Connecticut had a per capita income of $44,496. Other areas of wealth in the state include suburbs surrounding New Haven and Hartford, as well as pockets of Litchfield County .
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