The Population for 2020 was 1,797, but it has grown to 1,839 for 2022. Old Greenwich residents live a good work-life balance with an average commute time of 38 minutes. Westport is one of the richest towns in Connecticut with a median household income of $222,375. Essex is another one of the richest towns in Connecticut. 96% of the residents are homeowners with a median home value of $868,200. Dana has extensive professional writing experience including technical and report writing, informational articles, persuasive articles, contrast and comparison, grant applications, and advertisement. The unemployment rate tries to capture the prospects for more people to become rich. Redding, Connecticut, is a small city with a population of 9,110. It is a very safe town surrounded by greenery. The median home value is steep at $1,382,800 for 2022. There is a good reason that Norwalk was listed as one of the. On top of all these benefits, Westport is also an attractive place for people who want to start businesses because they can get affordable office space and high-quality amenities like restaurants and nightlife. Want to learn more about Westport? 45.7% of the children in public schools are eligible for free or reduced lunch programs. Essex Village, CT Annual household income: $172,302, 12. 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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. 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. With a median household income of $129,919, it is home to approximately 25,033 people. People who live and work in Easton have a slightly higher income level. By Joselynn Chua / February 27, 2023. 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. 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. Fairfield offers many different types of housing options including condos, apartments, townhomes, and single-family homes. All in all, Riverside is a town that offers a great quality of life to its citizens. The town is partly in Hartford County, with some areas in Middlesex County. Only 4% of the homes in the community are available for rent. If you want to live in Darian, youd better start saving. Because it is a coastal town, you can spend most of your time on the beach and in natural parks. Darien The richest town in Connecticut is Darien, with a median household income of $251,200. The average home value is $466,000, making it one of the more affordable rich neighborhoods to buy a house. A rain garden is an area dug slightly below the surrounding area that can catch and collect rainfall and keep it from carrying pollutants downstream. The staggering low unemployment rate for 2022 is 0.4%, far below the county, state, and national averages for unemployment rates. Wilton is surrounded by nature, offering many activities that are perfect for children and encouraging a healthy lifestyle. 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. However, it is true that overall, the Nutmeg State is richer than most. Darien has a population of 21,499. Inflation-adjusted household income is one of the factors. If you want to live in one of Connecticuts richest places, youre going to need to make upwards of $59,791/year. The median household income at Cos Cob is $138,125. Hoping for a glimpse at some of those gorgeous views for which this town is known? 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 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. Stamford is situated only 30 miles north of NYC, so it offers residents unparalleled access to the city. It is also one of the most diverse towns in the state, with over 50% of its residents being foreign-born. Weston residents live a good work-life balance with an average commute time of 42 minutes. The median home value in Easton is over $772,758 making it one of the most expensive places to live in Connecticut. 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. Ridgefield offers something for everyone from great schools to recreation for the whole family. Old Greenwich is one of the richest Neighborhoods in Connecticut with a median household income of $238,750. To keep this list focused on city-sized spots, only communities with more than 9,000 people were considered, including the lovely Norwalk, Connecticut. Despite its high per capita income, Connecticut is mainly a middle-class state. New Canaan has a small-town feel with big-city amenities. Jobs are plentiful in the city with a population of 7,453. Its also far below the national average rate of 3.9%. Fairfield, CT Annual household income: $139,122, 16. 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. Below is a list of the wealthiest towns in Connecticut. Riverside also offers residents a quick commute into NYC. Riverside is home to some of the most affluent residents of Connecticut with a median household income of $215,791. In a city with a population of 52,005, the median income came in at $81,971. Counties [ edit] The town has the highest percentage of residents who are wealthy, at about 30 percent. The information presented in this article are based on data from theUS Census American Community SurveyandRedfin. Source: US Internal Revenue Service - 2018. In Old Greenwich, homes are primarily owner-occupied (84%) and only 16% of homes in Old Greenwich are rentals. Unfortunately, however, there can be only one Connecticut place that's worthy of the HomeSnacks crown. 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. 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. The next town on this list is Wilton. Liz Flynn has worked as a full-time writer since 2010 after leaving a career in education. 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. Some haulers caught, Arming guidance counselors? The unemployment rate is 7.3% while the poverty rate is higher at 11.2%. In Essex Village, the median income for married people with families is $172,302 for married people with families, and slightly lower for unmarried with families. 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. 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. According to homes.com, Ridgefield is one of the most expensive places in Connecticut to buy a home. Westport residents live a good work-life balance with an average commute time of 44 minutes. 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. 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. Her works have been featured on Good Housekeeping,Next Luxury,Wanderlog,NurseJournal,NewsBreak,ThaiWare,and Yahoo. Fairfield is also very safe and has low crime rates. 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 richest town in Connecticut is Darien, with a median household income of $251,200. We suspect that the recent pandemic took a toll on residents who lost their jobs, with some forced to relocate for more affordable housing. Renting is a little cheaper, but not by much expect to part with around $1,886 per month for an apartment. Only 15% of the residents rent because most people there are homeowners. California was the most represented with 23 cities and towns making the list. As to which are the very wealthiest, find out now as we count down the 10 richest cities in Connecticut. West Simsbury is classified socioeconomically as an upper-middle-class zip code compared to other zip codes in Connecticut. The percentage of students eligible for participation in reduced or free lunch programs is 32.7%, which is low compared to many other cities in the state. 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. [1] All data is from the 2010 United States Census and the 2011-2015 American Community Survey 5-Year Estimates.[2][3]. Theyre well educated, and many residents commute to the city for their jobs with an average travel time of 38 minutes. It's also very well educated, with over half of its residents having a college degree. To find out which Connecticut cities are doing the best and why we compared the most recent data from the U.S. Census Bureau to our own city-level income data to determine Americas richest cities. 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. After all, rich people have really high salaries. The average household income umped over $20k, but the cost of housing has also risen in this desirable community. Its among the top ten. If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already. With a median household income of $1,471,700, this is no place for people on a shoestring budget. If you plan to buy a home in the city, the median home value is $330,100. The unemployment rate is 8.0% and the poverty rate is 8.9%. Its a great place for families and young professionals to live. Youll find parades, festivals, and occasional pop-up art exhibitions. Riverside Profile Page with Infographics. The median household income in New Canaan is $214,977. The unemployment and poverty rates are 7.9% and 8.5% respectively. Here are the 10 richest places in Connecticut for 2023: Shelton Milford Stamford Naugatuck Bristol Danbury Norwalk Middletown Norwich West Haven With fancy city names like Windsor and Danbury, Connecticut seems to ooze wealth around every corner. As the name implies, Southport is a port city that is situated on the coast. The town has a population of about 10,278 (2020) people and has a median age of 42 years old. Only 16 states were represented in the top 100. When Does a Seller Get Their Money After Closing on a House? Being a coastal city, citizens have plenty of opportunities to spend their free time. Darien is one of the wealthiest towns in Connecticut. DARIEN, CT Darien is the wealthiest town in Connecticut, where the median household income is more than $200,000, according to a new report. Zip Data lists West Hartford as one of the 20 richest cities in the state. 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. Were just going to leave this right here. The most affluent settled in the area to enjoy its beautiful beaches and other luxury amenities. The average commute time from home to work is 35.7 minutes. Darian If you want to live in Darian, you'd better start saving. 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. We use data, analytics, and a sense of humor to determine quality of life for places across the nation. 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. 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. Four Connecticut towns made the top 50 list (well, three. Most Dangerous Neighborhoods in Washington DC. West Simsbury has 151,104 residents as of 2022. It has a great location, close to major highways and a short drive from New York City. As at 2019, Connecticut had a per capita income of $44,496. Located on Connecticut's Gold Coast, Greenwich is a financial powerhouse and also an exciting place to visit. 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. New Cannan, CT Average household income: $200,203.00, 8. Its the basis on which we chose the 20 richest towns in Connecticut, and the results might surprise you. 10. 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. Its got a population of just over 20,249 (2020) people, but it feels much smaller than that. A Bloomberg report is out on the 100 richest towns in America, and four towns in Connecticut made the list. 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. 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. Its also home to the states only national historic site, Weir Farm. It has a population of 27,141. Avon, CT Annual household income: $187,080, 10. The town is also known for having excellent public schools. Riverside has a population of 8,843. Well, according to the latest Census data, the richest place in The Nutmeg State is Shelton. Matter of fact, its because there are a bunch of well-to-do people that call this New England state home. The unemployment rate is slightly higher at 3.6%, with the average commute time for workers at 31.3 minutes. It's also one of the most expensive places to live in the country, with a median home price of over $1.5 million. The 20 most affluent places, based on places with available data, all had household incomes above $485,000. Connecticut is one of the wealthiest states in the US. The 2010 Census revealed a growth from 6.751 residents to 7,150, showing that the town is gaining its population base. 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 Population is 8,843 in this close-knit community. Easton has a thriving downtown area with many restaurants, shops, and entertainment options. With a median household income just shy of a quarter-million a year, Darian is an exclusive place to live. 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. If the idea of paying $2,724 in rent each month makes you feel the same, definitely scratch it from your list. 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. The average family home retails for a massive $611,500, almost three times the national average. Westport, CT Annual household income: $222,535, 4. The average home value is $650,400. The median home price in Essex was $651,000 in 2022. Unfortunately, however, there can be only one Connecticut place thats worthy of the HomeSnacks crown. And out of all the towns in Connecticut, none are wealthier than Greenwich in Fairfield County. Redding has a median home sales price of $1,030,000 and a median household income of $138,125. The town has a high concentration of people from New York City who commute to work here by train or car. This time the list is from Bloomberg. The schools also have state-of-the-art technology such as iPads and Smart Boards so students can learn in new ways. You'll receive your first newsletter soon! Newtown Borough is being credited as the richest town in the state of Connecticut. The average home value is $1,561,200, with 84% of the residents owning their own homes. The unemployment rate is 3%, which beats the state average by 4.1%. 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 20 Best Places to Live with Low Humidity in the U.S. 20 Cities with The Worst Weather in Europe, How Zac Stacy Achieved a Net Worth of $6 Million. After Riverside and Greenwich, the next four richest towns are Darien ($599,920), New Canaan ($532,440), Old Greenwich ($530,250), and Rowayton ($422,210). 1. 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. Stamford Wikipedia/John There are many things that families love about living in Wilton including its great school system, safe neighborhoods, and access to shopping centers.