The next richest town in Connecticut is Ridgefield. 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. 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. 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. Westport is one of the richest towns in Connecticut with a median household income of $222,375. 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. This year we asked our panel of experts to give some extra love to those restaurants where amore is on Nathan Spotts/Lauren Kinkade / Contributed Photo, Tyler Sizemore / Hearst Connecticut Media, Photos courtesy of William Pitt Sotheby's International Realty, H John Voorhees III / Hearst Connecticut Media, 2023 Hearst Media Services Connecticut, LLC, Just Salad restaurant celebrating grand opening in Fairfield, CTs Beardsley Bart makes his annual Groundhog Day prediction, Penny's Diner closes its Fairfield location after 40 years, Ppin, Sarandon talk food, joy of Rice Krispies at live CT show, New soul food restaurant, Everybody Eatz, opens in Bridgeport, Fairfield fried chicken restaurant Lovebird closes, CT Girl Scouts try to publish climate book after DiCaprio tweet, 29 Markle Ct, an upscale new American restaurant, now open, Carl Anthony Trattoria in Monroe relocating after 25 years, Manna Toast in Westport announces closing by year's end. It is one of the richest towns in Connecticut, boasting a median sales price of $1,835,000. Its a small town of 10,354. With 733 . As to which are the very wealthiest, find out now as we count down the 10 richest cities in Connecticut. What is it like to live in Greenwich, CT. The unemployment rate tries to capture the prospects for more people to become rich. 20% of the residents pay rent, with 80% owning their homes. The third on the list is Westport. 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. Fairfield. Old Greenwich residents are well educated with 80% of residents have obtained a bachelors degree or higher. The information presented in this article are based on data from theUS Census American Community SurveyandRedfin. Westport, CT Annual household income: $222,535, 4. 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. Gold Coast (Connecticut) - Wikipedia Test performance scores in public schools are ranked as excellent. Inflation-adjusted household income is one of the factors. Fairfield is one of the richest towns and among the best places to live in Connecticut. New Canaan is one of the wealthiest towns in Connecticut with a median sales price of $1,155,000. Look here. . 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. 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. Southport has a long history as a summer resort and residential community. Liz Flynn has worked as a full-time writer since 2010 after leaving a career in education. 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. 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. Source: US Internal Revenue Service - 2018. Its also very well educated, with over half of its residents having a college degree. Another one of the richest towns in Connecticut is Weston. Be sure toFollow Us on Instagram,Like Us on Facebook, Subscribe to our YouTube Channel,and subscribe to ourMonthly Newsletter. The median household income in Riverside is $250,000, and most homes sell for over $2.5 million. This small coastal town is the perfect place for raising children, and you can enjoy plenty of outdoor activities, especially walking in nature. Fairfield County is very close to New York City. The town has a thriving arts community and many of its residents are involved in local government or volunteer activities. Easton has excellent schools both public and private schools are available. The town also boasts one of the best school systems in all of Connecticut! South Glastonbury is a small town with a growing population ranging from 4848 to 5651. The village also includes a historic mill complex and dam. A relatively small town, it offers the opportunity of doing great outdoor activities. The town is partly in Hartford County, with some areas in Middlesex County. 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. Here are the wealthiest towns in Connecticut. If more people are employed, the richer the future looks. Easton has a thriving downtown area with many restaurants, shops, and entertainment options. If you plan to buy a home in New Canaan, the average price is $1.36 million. 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. Weston Profile Page with Infographics. New Canaan has a small-town feel with big-city amenities. Use Next and Previous buttons to navigate. Just 16% of the homes are rentals. All of this combines to make the local housing market expensive. By Joselynn Chua / February 27, 2023. Located in Fairfield County, Westport is an affluent town with beaches, private Country Clubs, and Yacht Clubs. Ned Lamont and General Assembly leaders to to focus on offsetting a potential property tax Armageddon. Connecticut ( / kntkt / ( listen)) [10] is the southernmost state in the New England region of the Northeastern United States. Are you surprised by this list of the richest cities in Connecticut? The bright side? The Easton School District offers many different programs including art, music, and sports. A comprehensive list of Connecticuts top 10 richest cities, ranked according to median income and other key indicators of wealth. However, we dont believe that one statistic wholly encompasses what it means to be one of the richest places. Other factors influencing the ranking of this city included an unemployment rate of 6.6% and a poverty rate of 7.1%. 1. With salaries like that, most residents are having no problem in keeping up with those monster mortgage re-payments. Groton rounds out the list of richest cities in the number ten spot. 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. You catch that vibe when you visit New Canaan, but its not cheap to live there. If you can afford a mortgage, its the better way to go in Fairfield. But its worth it because Connecticut has some of the best opportunities for employment with the states overall unemployment rate holding steady with the national rate. There is a good reason that Norwalk was listed as one of the best places to live in America. 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. Liz loves the process of researching information, learning new things, and putting into words . With an average family income of $209,635 and a population of 18,460 inhabitants, Wilton is a relatively wealthy town. It has a population of 27,141. Most of the properties in Riverside are primarily owner-occupied (80%) with only 20% rentals. 18 Top-Rated Small Towns in Connecticut | PlanetWare 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. The 10 Best Places to Live on the West Coast of Florida, The 20 Best Places to Live in Massachusetts, Where $100 million in Vacation Rental Startups is Going, The 10 Cheapest Places to Live in Colorado, Eight Reasons to go to French Polynesias Marquesas Islands, How Lisa Rinna Achieved a Net Worth of $10 Million, 20 Cities with The Worst Weather in Europe, How Zac Stacy Achieved a Net Worth of $6 Million. the average home value is $1,471,700. There are many things to do including going to the beach and shopping at the local malls. A wealthy enclave on Connecticut's Gold Coast, Greenwich is consistently ranked as one of the richest cities in America. However, the average house prices range from $1,5 million to $3 million. 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. 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. Home to over 136,309 people, Stamford is the richest city in Connecticut. Love Connecticut? 91.82% of the Population is white, with 87.8% white students in the public school system. Home to some of the most affluent residents in Connecticut, Westport has a median household income of $206,466. The median household income is $99,791, and the average home price is $672,000. Fairfield County's Norwalk, CT is the third richest city in the Nutmeg State. With a median income of $59,522, Naugatuck took ninth place. If the idea of paying $2,724 in rent each month makes you feel the same, definitely scratch it from your list. Richest Places in Connecticut Bottom Line, Best First Time Home Buyer Programs & Grants in NYC. The 10 Richest Cities in Connecticut - Most Expensively West Simsbury, CT Annual household income: $109,590, 19. Four Connecticut towns made the top 50 list (well, three. The city has grown over the past decade, increasing from 8,223 residents to 9,110. The median income is $80,896. If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already. America's wealthiest people are starting to move into smaller cities, a new wealth report says. 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. Westport is one of the richest towns in Connecticut with a median household income of $222,375. Lidia Ryan is the managing editor of trending and features for Hearst Connecticut Media Group and is part of the digital team. Its among the top ten. The unemployment and poverty rates are 7.9% and 8.5% respectively. As one of the Nutmeg state's oldest towns, it also represents one of the richest. We suspect that the recent pandemic took a toll on residents who lost their jobs, with some forced to relocate for more affordable housing. We love the detailed statistics that give us a clear snapshot of the socioeconomic dynamics of the city. A list of the richest cities in Connecticut was released by Homesnacks and we think you might be surprised at which places made the list. This affluent community is the home of 18,410 residents with an average age of 45 years, with slightly more females than males. Its also known for its rich history and is listed on the National Register of Historic Places as Woodbridge Green Historic District. Riverside, CT Annual household income: $215,791, 5. Learn more about the Homesnacks methods that were used to collect the data and how the statistics were calculated. Connecticut is home to some of the wealthiest people in America. 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. Some work at private companies and governmental institutions. Ridgefield is one of the wealthiest towns in Connecticut with a median household income of 133,647. Wealthiest Towns in CT Final - Suburbs 101 As a sign of just how rich this coastal Connecticut city is, the median income is a massive $321,377. Essex is another one of the richest towns in Connecticut. In 2018, the average household income in its Old Greenwich. The average home value is $1,150,400. Most of Connecticut's wealth is concentrated in Fairfield County, which contains many affluent suburbs in Connecticut. Weston residents are well educated with 78% of residents having obtained a bachelors degree or higher. The median home value is steep at $1,382,800 for 2022. According to the report, the four towns are Darien, Old Greenwich, Riverside, and . 20 Cities with the Worst Weather in the U.S. How Eiza Gonzalez Achieved a Net Worth of $5 Million. Redding residents enjoy a peaceful life in a rural setting, away from the hustle and bustle of city living, yet still within a 1.5 hour drive to Manhattan. Avon, CT Annual household income: $187,080, 10. 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 average income per family is $130,268, and home prices range anywhere between $500,000 to $2 million. OnlyInYourState may earn compensation through affiliate links in this article. Lidia has more than 10 years experience in news and digital media and holds a degree in journalism from the University of Connecticut. The 10 Richest Cities in Connecticut - Money Inc As to which are the very wealthiest, find out now as we count down the 10 richest cities in Connecticut. The schools also have state-of-the-art technology such as iPads and Smart Boards so students can learn in new ways. Numerous tech billionaires have called the town home, including Googles Eric Schmidt, Facebooks Sheryl Sandberg and Microsofts late co-founder Paul Allen.". Darian is on Long Island Sound and offers waterfront property for sale and for rent. It is also one of the most diverse towns in the state, with over 50% of its residents being foreign-born. Located in Fairfield County, Darien residents have it all- pristine beaches, private Country Clubs and Yacht clubs, a charming downtown, and an easy train ride to NYC. 1. Shelton places in the number two spot with a median income of $87,277. 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. According to the most recent data, the number of people living in Ridgefield has decreased by 0.7% since 2020. Its also home to the states only national historic site, Weir Farm. For example, those with families may, Read More The 20 Best Places to Live in OklahomaContinue, Austin, Texas is a thriving city that appeals to people from all walks of life. Well, HomeSnacks crunched the numbers and discovered that Stamford is the most expensive place to live in Connecticut. Fairfield offers many different types of housing options including condos, apartments, townhomes, and single-family homes. 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. The first European settlement was established there in, Read More The 20 Best Places to Live in MassachusettsContinue, Already in the first quarter of 2016, vacation rental startup companies have attracted almost $100 million in investments across the United States and Europe. They found this lovely old city during the Covid-19 pandemic and relocated for a safer and serene place to live. Westport has a thriving luxury real estate market with the median sales price in Westport at $1,796,000. Essex Village is a highly desirable community to live in for the affluent. And if you have some time on your hands, take a look at how the other 99% live in Connecticuts poorest places. The city deserves its spot on the list as its well above the average US income. Home to some of the most affluent residents in Connecticut, Westport has a median household income of $206,466. 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. You're Really Wealthy If You Live In One Of These 6 CT - Patch What are the most charming small towns in Connecticut? In addition to having a high income, Wilton residents also have a very low poverty rate at just 2.4%. People love to enjoy life and share it with family, friends, and neighbors. The 20 Richest Towns in Connecticut in 2022; Liz Flynn. Four of the top 20 are places in New York, including Brookville village. New Canaan is situated right next to Darien and is also one of the richest towns in Connecticut. Most homes were built in 1965 when the community saw its largest growth spurt. There are also many beautiful parks and green spaces throughout town. (Infographic), What are the Highest Paying Jobs in Connecticut? Its median income is $58,717. Related: The 10 Wealthiest Cities In Missouri. Westport residents live a good work-life balance with an average commute time of 44 minutes. 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. If you want to live in one of Connecticuts richest places, youre going to need to make upwards of $59,791/year. 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. 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. Most of Connecticuts wealth is concentrated in Fairfield County, which contains many affluent suburbs in Connecticut. Test performance scores in public schools are above average, slightly lower than in Ridgefield. In fairness, you do get a lot of return for your investment. Its a desirable place to live if you can afford the costs. Isn't it grand to see Granby here in the top ten safest places in Connecticut. Related: The 10 Wealthiest Cities In New York. The unemployment rate is 3.2%, compared to the Fairfield County unemployment rate of 5.2%. The average commute time for workers is 26.5 minutes, suggesting plenty of local jobs in the citys economy. Most of the townspeople hold bachelors degrees or higher. Connecticut is the wealthiest state in the United States of America in terms of per capita incomes and wealth. The Census ranks individual city wealth by a formula that averages the household incomes, including the adjusted gross income and the average household income. There's no law saying you have to be rich to live in Fairfield, but it does help, especially if you want to buy a property at some point. Suburbs 101 confirms that Riverside is a wealthy suburb of the Town of Greenwich. 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 10 Richest Cities In Connecticut For 2023 - HomeSnacks Wilton steps it up a notch with an upper-class community that is home to a close-knit community, schools that offer prestigious educational opportunities for students, big homes, and safe streets. A CT bill would expand it fur, Is CT recycling going into the trash? The median household income in New Canaan is $214,977. The 2010 Census revealed a growth from 6.751 residents to 7,150, showing that the town is gaining its population base. What are the richest towns in Connecticut? It has a population of 27,141. Below is a list of the wealthiest towns in Connecticut. With an average household income of $236,892 per year, it is one of the richest towns in the state. Only 4% of the homes in the community are available for rent. Unfortunately, however, there can be only one Connecticut place that's worthy of the HomeSnacks crown. The median sales price of homes in Weston is $1,225,000 with 96% of homes owner-occupied and only 4% of homes being rentals. Ridgefield, CT Annual household income: $206,560, 6. The unemployment rate is slightly higher at 3.6%, with the average commute time for workers at 31.3 minutes. The median sales price of homes in Riverside is $834,000. Its in Hartford County. The benefits of living in this city are numerous, such as good schools, safe neighborhoods, and overall great lifestyle quality. View Map of 25 Poorest Zipcodes in Connecticut. Its also one of the most expensive places to live in the country, with a median home price of over $1.5 million. Redding, CT Annual household income: $140,995, 15. Its a medium-sized town that has grown to become one of the most desirable places to live in Connecticut. That ratio steadily has been. 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. The unemployment rate is 7.3% while the poverty rate is higher at 11.2%. Newtown Borough is being credited as the richest town in the state of Connecticut. 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. Jobs are plentiful in the area, with the working Population gainfully employed except for just 3.5%. The oldest towns in Connecticut are perfect places to visit for those who love learning about history. Living there isnt cheap, though. Riverside Profile Page with Infographics. It has an active social scene and boasts an impressive collection of restaurants, shops, and entertainment venues. Weston is in Fairfield County. 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. 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. 6. We analyzed 21 places in Connecticut to determine where the 1% live. 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. Darian If you want to live in Darian, you'd better start saving. It is a very safe town surrounded by greenery. 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.
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