The average household income umped over $20k, but the cost of housing has also risen in this desirable 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. 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. 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. According to the report, the four towns are Darien, Old Greenwich, Riverside, and . Theres 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. Only 15% of the residents rent because most people there are homeowners. By Joselynn Chua / February 27, 2023. The rankings are based on income and home value. It is one of the richest towns in Connecticut, boasting a median sales price of $1,835,000. 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. 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. Southport is an affluent town in Connecticut. The average home value is $1,150,400. What are the richest towns in Connecticut? The schools are excellent and the town is beautiful, with tree-lined streets and old-fashioned townhouses. South Glastonburys Census results show a total of 2038 households in the town. Demographic studies show that 81.64% of the residents are white; however, only 42.4% of the children in the public schools are white, suggesting that the city is starting to diversify its demographic Population. The fourth wealthiest town in Connecticut is Old Greenwich. 45.7% of the children in public schools are eligible for free or reduced lunch programs. All rights reserved. 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. This site uses Akismet to reduce spam. In addition to having a high income, Wilton residents also have a very low poverty rate at just 2.4%.
And out of all the towns in Connecticut, none are wealthier than Greenwich in Fairfield County. Fairfield County's Norwalk, CT is the third richest city in the Nutmeg State. The median income in this city is $81,634. Its safe, with a low crime rate. The unemployment rate is just 3.1%, with an average commute of 33 minutes. You can find out more about him on LinkedIn or his website. Stamford is situated only 30 miles north of NYC, so it offers residents unparalleled access to the city. It has an average household income of $234,152 and 6,611 residents. West Hartford, CT Annual household income: $142,197, 14. If you plan to buy a home in New Canaan, the average price is $1.36 million. Gov. Wilton is surrounded by nature, offering many activities that are perfect for children and encouraging a healthy lifestyle. Weston is in Fairfield County. Milford grabbed the top place in this list of richest cities. Located in Fairfield County, Westport is an affluent town with beaches, private Country Clubs, and Yacht Clubs. Its an Upper-Middle-Class town with a median household income of just under $141K. We aim to deliver bite-sized pieces of infotainment about where you live. Name Census collected information for the past five years and breaks the average income levels by age group. 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. With an average household income of $236,892 per year, it is one of the richest towns in the state. The unemployment rate is 7.3% while the poverty rate is higher at 11.2%. Westport Profile Page with Infographics. 14 Richest Towns in Connecticut Darien Riverside Westport Old Greenwich Wilton Weston Greenwich Southport New Canaan Avon Ridgefield Stamford Woodbridge Essex 1. Renters pay an average of $1,361 per month. 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 community is known for being tight-knit with safe streets, low unemployment rates, and top-notch schools. 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.
Top 25 Wealthiest Zipcodes in Connecticut - Zipdatamaps.com Whenever any publication compiles a list of Americas richest cities, theres one name you can always count on seeing Old Greenwich. 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. The next richest town in Connecticut is Ridgefield. The most charming small towns in Connecticut are perfect for a day trip or a new home. Ridgefield is one of the wealthiest towns in Connecticut with a median household income of 133,647. (Infographic), What are the Highest Paying Jobs in Connecticut? 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. 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.
Here Are The 10 Richest Cities In Connecticut - OnlyInYourState 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 small community has a population of 7,586 residents. Riverside, CT Annual household income: $215,791, 5. If youre in the market for a decently sized family home, dont expect to get much change from $1,283,146 a staggering amount, even by Connecticuts standards. The schools are among the best in the state, making them the ideal place to raise a family. It is also one of the most expensive places to live in the country, with a median home value of $1,051,014. From Hedge Fund Executives to High Profile Athletes, these wealthy Americans call Connecticut their home. South Glastonbury, CT Annual household income: $135,596, 18. Feel free to check out some more reading about Connecticut: Population: 40,944Rank Last Year: 1 (No Change)Median Income: $103,647Unemployment Rate: 5.0%Poverty Rate: 6.0%More on Shelton: Real Estate|Photos, Population: 50,694Rank Last Year: 2 (No Change)Median Income: $97,951Unemployment Rate: 5.6%Poverty Rate: 4.1%More on Milford: Real Estate|Photos, Population: 134,820Rank Last Year: 3 (No Change)Median Income: $99,791Unemployment Rate: 5.5%Poverty Rate: 9.4%More on Stamford: Real Estate|Photos, Population: 31,586Rank Last Year: 4 (No Change)Median Income: $86,900Unemployment Rate: 6.1%Poverty Rate: 4.9%More on Naugatuck: Real Estate|Photos, Population: 60,733Rank Last Year: 5 (No Change)Median Income: $73,604Unemployment Rate: 5.9%Poverty Rate: 8.9%More on Bristol: Real Estate|Photos, Population: 86,197Rank Last Year: 7 (Up 1)Median Income: $74,600Unemployment Rate: 6.0%Poverty Rate: 10.6%More on Danbury: Real Estate|Photos, Population: 90,821Rank Last Year: 6 (Down 1)Median Income: $91,434Unemployment Rate: 6.6%Poverty Rate: 9.7%More on Norwalk: Real Estate|Photos, Population: 47,164Rank Last Year: 8 (No Change)Median Income: $67,485Unemployment Rate: 5.6%Poverty Rate: 11.2%More on Middletown: Real Estate|Photos, Population: 40,020Rank Last Year: 9 (No Change)Median Income: $59,791Unemployment Rate: 6.1%Poverty Rate: 10.6%More on Norwich: Real Estate|Photos, Population: 55,518Rank Last Year: 12 (Up 2)Median Income: $66,868Unemployment Rate: 8.7%Poverty Rate: 11.8%More on West Haven: Real Estate|Photos. Let's go! Wilton is undoubtedly a wealthy community and one of the top ten richest in the state of Connecticut for 2022. There are also several golf courses in town that draw a lot of people from around the world. Jobs are plentiful in the city with a population of 7,453. The second wealthiest town in Connecticut is Riverside. 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.
14 Richest Towns in Connecticut (2022) | PropertyClub Look here. This is our tenth time ranking the richest cities in Connecticut. You'll receive your first newsletter soon! In 2018, the average household income in its Old Greenwich. The unemployment rate for the city is 3.6%, compared to the state average of 4.1%, and theyre doing well in securing work. Despite its high per capita income, Connecticut is mainly a middle-class state. Most homes were built in 1965 when the community saw its largest growth spurt. It's also home to the state's only national historic site, Weir Farm. Most websites that report demographics for Connecticut list Darian, as the richest city in the state, but World Population confirms that Southport jumped into the number one spot with an incredible average household income of $310,831. Although the town is small, youll find plenty of recreational venues, cafes, restaurants, and shops. It is a charming seaside neighborhood that is in the Town of Greenwich with waterfront homes and private beaches. It's also one of the most expensive places to live in the country, with a median home price of over $1.5 million. 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. The average family home retails for a massive $611,500, almost three times the national average. Map of 25 Wealthiest Zipcodes in Connecticut Based on Average Adjusted Gross Income. 20. Darien is a small town on Connecticut's gold coast that is home to approximately 6,759 people. Test performance scores in public schools are above average, slightly lower than in Ridgefield. Hoping for a glimpse at some of those gorgeous views for which this town is known? 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. We suspect that the recent pandemic took a toll on residents who lost their jobs, with some forced to relocate for more affordable housing. It has a great location, close to major highways and a short drive from New York City. Avons diversity rate is better than most of its neighboring communities. Because it is a coastal town, you can spend most of your time on the beach and in natural parks. Related: The 10 Wealthiest Cities In California. The median home price in Essex was $651,000 in 2022. Residents enjoy a short train ride to New York City for shopping and entertainment, then return to the safety and comfort of this beautiful community. Essex Village, CT Annual household income: $172,302, 12. This site uses Akismet to reduce spam. 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. 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.
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