South Glastonbury is a small town with a growing population ranging from 4848 to 5651. Her works have been featured on Good Housekeeping,Next Luxury,Wanderlog,NurseJournal,NewsBreak,ThaiWare,and Yahoo. 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. If you plan to buy a home in the city, the median home value is $330,100. Its smaller than Ridgefield but slightly more affluent. Only 16 states were represented in the top 100. 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). Numerous tech billionaires have called the town home, including Googles Eric Schmidt, Facebooks Sheryl Sandberg and Microsofts late co-founder Paul Allen.". However, the average house prices range from $1,5 million to $3 million. Westport residents are well educated with 78% of residents having obtained a bachelors degree or higher. While the income number is higher than that of Milford, the higher unemployment rate of 7.9% gives this city a solid second place. The 20 Most Affordable Places to Live in Connecticut - Money Inc We suspect that the recent pandemic took a toll on residents who lost their jobs, with some forced to relocate for more affordable housing. If you can swallow up those property prices, theres a good chance youll be rewarded with an income in the region of $222,535. Haub, who took over the company after the death of his brother, Karl-Erivan, is now worth an estimated $2.9 billion. The largest city in Litchfield County, Torrington, grabs the number eight spot. The average home value is $1,561,200, with 84% of the residents owning their own homes. Married families in Ridgefield average an annual household income of 182,679, but the average is over $206k. Westport is in the top five most affluent cities in Connecticut for 2022. Newtown Borough is being credited as the richest town in the state of Connecticut. It's also home to the state's only national historic site, Weir Farm. Zip Data lists West Hartford as one of the 20 richest cities in the state. 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.. Easton has a thriving downtown area with many restaurants, shops, and entertainment options. Wealthiest Towns in CT Final - Suburbs 101. In a city with a population of 52,005, the median income came in at $81,971. It is also one of the most expensive places to live in the country, with a median home value of $1,051,014. Here are the 10 most expensive places to live in Connecticut for 2023: Stamford Norwalk Danbury New Haven Hartford Bridgeport Ansonia New London Middletown Groton What's the most expensive place to live in Connecticut? Weston is one of the richest towns in Connecticut with a median household income of $207,863. Shelton places in the number two spot with a median income of $87,277. Because it is a coastal town, you can spend most of your time on the beach and in natural parks. Renters pay an average of $1,361 per month. 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. South Glastonbury, CT Annual household income: $135,596, 18. If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already. 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. Is Connecticut still the richest state in the nation? Barely 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. Westport is a very desirable place to live as it ranks highly for safety. The 10 Most Expensive Places To Live In Connecticut For 2023 - HomeSnacks With salaries like that, most residents are having no problem in keeping up with those monster mortgage re-payments. 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. Westport residents live a good work-life balance with an average commute time of 44 minutes. It has an average household income of $234,152 and 6,611 residents. The median home price in Essex was $651,000 in 2022. 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. Its a city of high-earners who live the high life enjoying their private yacht and country clubs, with access to the citys pristine beaches. DiscoverNet | The 10 Richest Cities in Connecticut 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. Southport has a long history as a summer resort and residential community. Suburbs 101 confirms that Riverside is a wealthy suburb of the Town of Greenwich. Check them out: What are the oldest towns in Connecticut? The result? 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. A median income that sits at a mammoth $352,839. 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%. This time the list is from Bloomberg. Its a great place to raise kids, with top-rated schools and safe streets. Certainly enough time to go to the beach after work for a picnic dinner by the water! 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". 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. the average home value is $1,471,700. Theres a premium on living in a safe neighborhood with all the trappings of a luxurious existence. What makes some cities more prosperous than others? Norwalk, CT, USA 4. 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. The homes in Darien are primarily owner-occupied (87%) with only 13% rentals. The 20 Worst Places to Live if you Have Arthritis in The U.S. Above is a fundraiser at the famous Glass House in New Canaan. Want to learn more about Weston? We aim to deliver bite-sized pieces of infotainment about where you live. 18 Top-Rated Small Towns in Connecticut | PlanetWare The average commute time for workers is 26.5 minutes, suggesting plenty of local jobs in the citys economy. The unemployment rate is lower than the state rate of 4.1% and the national rate of 3.9%. You can learn more about the top ten below or skip to the end to see the rankings for all 21 places. Easton is a great place to raise a family because it has a good school system. Wilton is also known as the village because of its quaint feel with many historic homes and buildings. When Does a Seller Get Their Money After Closing on a House? The unemployment rate tries to capture the prospects for more people to become rich. Its also a better choice, Read More The 20 Best Places to Live with Low Humidity in the U.S.Continue. Head out on a fun getaway to these spots: Thank you! It is also one of the most diverse towns in the state, with over 50% of its residents being foreign-born. Most of Connecticut's wealth is concentrated in Fairfield County, which contains many affluent suburbs in Connecticut. Are you surprised by this list of the richest cities in Connecticut? You catch that vibe when you visit New Canaan, but its not cheap to live there. The most charming small towns in Connecticut are perfect for a day trip or a new home. Greenwich is another of the wealthiest towns in Connecticut. Rich people not your cup of tea? 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. The town also boasts one of the best school systems in all of Connecticut! Darian If you want to live in Darian, you'd better start saving. Essex Village, CT Annual household income: $172,302, 12. West Hartford, CT Annual household income: $142,197, 14. 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. 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. Besides these, Colorado has ongoing employment opportunities in aviation,, Read More The 10 Cheapest Places to Live in ColoradoContinue. If the idea of paying $2,724 in rent each month makes you feel the same, definitely scratch it from your list. In fairness, the high prices arent unjustified. Old Greenwich residents live a good work-life balance with an average commute time of 38 minutes. 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. As at 2019, Connecticut had a per capita income of $44,496. The median household income is just over $190K per year. Dana has extensive professional writing experience including technical and report writing, informational articles, persuasive articles, contrast and comparison, grant applications, and advertisement. That ratio steadily has been. Isn't it grand to see Granby here in the top ten safest places in Connecticut. Weston residents are well educated with 78% of residents having obtained a bachelors degree or higher. Lidia Ryan is the managing editor of trending and features for Hearst Connecticut Media Group and is part of the digital team. Its a socioeconomically Upper Middle-Class city with a median household income of $136,261. New Canaan is expensive, even by Connecticut standards: The median home value is $1.9M, compared to $350,897 for the state overall. Learn more about the Homesnacks methods that were used to collect the data and how the statistics were calculated. 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. In terms of per capita income, Connecticut is the richest state in the United States of America. Weston is in Fairfield County. 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. Here are the wealthiest towns in Connecticut. The median sales price of homes in Riverside is $834,000. 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 average home price in Old Greenwich is $1.8 million. The average adjusted gross income is $222,660. Theyre well educated, and many residents commute to the city for their jobs with an average travel time of 38 minutes. People who suffer from the pain and discomfort of arthritis can improve their symptoms by avoiding certain climates. Want to learn more about Riverside? Home to some of the most affluent residents of Connecticut, Darien has a median household income of $232,523. Milford, CT - HomeSnacks A CT bill would expand it fur, Is CT recycling going into the trash? The current Population is 2,601, with an annual growth rate of 0.35%. 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. Woodbridge is another Connecticut hamlet passed over by statisticians pointing out the most affluent cities in Connecticut. Let's go! The average household income in Woodbridge is $96,919, and the median home price is $595,000. 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. Riverside, CT Annual household income: $215,791, 5. Some haulers caught, Arming guidance counselors? As the name implies, Southport is a port city that is situated on the coast. The town is also home to many hedge fund managers, bankers, and lawyers. Connecticut's neighboring towns of Greenwich and Darien have a combined population of around . CT proposal causes confusion, concern. Darians median home value sits at around $1.7M thats more than double the national average. Want to learn more about Old Greenwich? 22 overall, with average household income at $270,222. There are plenty of shopping and fine dining venues in Riverside. According to the most recent data, the number of people living in Ridgefield has decreased by 0.7% since 2020. Other areas of wealth in the state include suburbs surrounding New Haven and Hartford, as well as pockets of Litchfield County . Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. Its the basis on which we chose the 20 richest towns in Connecticut, and the results might surprise you. There are many things that families love about living in Wilton including its great school system, safe neighborhoods, and access to shopping centers. 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. Home to some of the most affluent residents in Connecticut, Westport has a median household income of $206,466. The median home value in Greenwich is over $1.5 million, and many residents work in finance and banking in NYC. 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. 6. The crime rate is practically non-existent, the median income is a stonking $139,122, the schools are some of the best in the state, and despite its relatively small size, it has a huge selection of restaurants, shops, cafes, and recreational venues to enjoy. This affluent community is the home of 18,410 residents with an average age of 45 years, with slightly more females than males. 96% of the residents are homeowners with a median home value of $868,200. Safest Cities In Connecticut (Updated For 2021) - HomeSnacks Fairfield is a moderate-sized city in Fairfield County. Point 2 Point Homes advises that the small community of 8,779 people has an average household income of more than $200k per year. West Simsbury, CT Annual household income: $109,590, 19. In Old Greenwich, homes are primarily owner-occupied (84%) and only 16% of homes in Old Greenwich are rentals. Its come a long way in the past 10 years since the last Census. With a median household income of $1,471,700, this is no place for people on a shoestring budget. The unemployment and poverty rates are 7.9% and 8.5% respectively. 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. A wealthy enclave on Connecticut's Gold Coast, Greenwich is consistently ranked as one of the richest cities in America. The Community Trail runs along the Long Island Sound and is a great place to walk or ride your bike. 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. 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. 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. Here's The Richest Town In Connecticut | Darien, CT Patch Be sure toFollow Us on Instagram,Like Us on Facebook, Subscribe to our YouTube Channel,and subscribe to ourMonthly Newsletter. Its median income is $58,717. The Most Affluent, Richest, High-Income Places in the US 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. The Population is 8,843 in this close-knit community. Greenwich residents are well-educated, with 70.6% having completed at least a bachelors degree. The unemployment rate is just 3.1%, with an average commute of 33 minutes. Westport has a thriving luxury real estate market with the median sales price in Westport at $1,796,000. According to homes.com, Ridgefield is one of the most expensive places in Connecticut to buy a home. Chris Kolmar has been in the real estate business for almost ten years now. 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.
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