richest towns in connecticut

The Population is 27,141, with an average rent of $2,724 if youre not a homeowner. 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. It has a population of 33,900 residents. The town has attracted the rich and famous . The schools also have state-of-the-art technology such as iPads and Smart Boards so students can learn in new ways. Its smaller than Ridgefield but slightly more affluent. Youll find parades, festivals, and occasional pop-up art exhibitions. Westport has a thriving luxury real estate market with the median sales price in Westport at $1,796,000. The town center village is listed as a historic district on the National Register of Historic Places. The most charming small towns in Connecticut are perfect for a day trip or a new home. Whenever any publication compiles a list of Americas richest cities, theres one name you can always count on seeing Old Greenwich. Milford grabbed the top place in this list of richest cities. Darien is one of the wealthiest towns in Connecticut. If you dream of the quiet life, its ideal. The average family home retails for a massive $611,500, almost three times the . Grace Duffield / Hearst Connecticut Media file photo 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. Most of Connecticut's wealth is concentrated in Fairfield County, which contains many affluent suburbs in Connecticut. 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. 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. Some haulers caught, Arming guidance counselors? Learn how your comment data is processed. We analyzed 21 places in Connecticut to determine where the 1% live. Look here. the average home value is $1,471,700. Old Greenwich has a population of 6,962 and a median household income of $222,794. Its also home to the states only national historic site, Weir Farm. This site uses Akismet to reduce spam. Westport is one of the wealthiest towns in Connecticut. Westport is one of the richest towns in Connecticut with a median household income of $222,375. HomeSnacks is reader-supported. The 20 most affluent places, based on places with available data, all had household incomes above $485,000. This time the list is from Bloomberg. Ridgefield, CT Annual household income: $206,560, 6. You'll receive your first newsletter soon! What are the richest towns 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. Theyre well educated, and many residents commute to the city for their jobs with an average travel time of 38 minutes. To keep this list focused on city-sized spots, only communities with more than 9,000 people were considered, including the lovely Norwalk, Connecticut. South Glastonbury, CT Annual household income: $135,596, 18. Heck, the competition for the top ten richest places in The Constitution State was quite fierce, so to narrow down our list we decided to look at the 21 Connecticut cities with at least 9,000 residents. Its the basis on which we chose the 20 richest towns in Connecticut, and the results might surprise you. New Canaan has a small-town feel with big-city amenities. All rights reserved. The median home value in Greenwich is over $1.5 million, and many residents work in finance and banking in NYC. According to homes.com, Ridgefield is one of the most expensive places in Connecticut to buy a home. Fairfield is also very safe and has low crime rates. The high demand is getting harder to find places for sale. When you click through real estate links on our site, we earn an affiliate commission. The median income in Danbury is $67,430 helping to secure its 5th place ranking. As one of the Nutmeg state's oldest towns, it also represents one of the richest. If you can afford a mortgage, its the better way to go in Fairfield. Redding is one of the wealthiest towns in CT. Its a small upscale community with a population of 8,765. 2015-2023 Chasing Chains, LLC. Weston is one of the richest towns in Connecticut with a median household income of $207,863. Point 2 Point Homes advises that the small community of 8,779 people has an average household income of more than $200k per year. Most Expensively 2023. Just 16% of the homes are rentals. 96% of the residents are homeowners with a median home value of $868,200. 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. You can find out more about him on LinkedIn or his website. The unemployment rate is low compared to the state average, and commuters spend an average of 44 minutes driving to work. Most residents have at least a bachelors degree or higher and drive an average of 42 minutes to get to work. In 2018, the average household income in its Old Greenwich. There are plenty of shopping and fine dining venues in Riverside. In fairness, the high prices arent unjustified. Weston Profile Page with Infographics. Editors Note: Data has been updated for 2023. Ridgefield is one of the wealthiest towns in Connecticut with a median household income of 133,647. The streets are safe, and the schools are highly rated. 20% of the residents pay rent, with 80% owning their homes. Wilton is undoubtedly a wealthy community and one of the top ten richest in the state of Connecticut for 2022. New Canaan is expensive, even by Connecticut standards: The median home value is $1.9M, compared to $350,897 for the state overall. California was the most represented with 23 cities and towns making the list. Shelton. 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. Weston has been named one of the best places to live by Money Magazine, and it has consistently been ranked as one of the safest towns in Connecticut. The majority are white-collar workers, just 4.96% in the blue-collar classification. Here well take a look at 10 of the richest cities in Connecticut as of 2022 so you can get an idea of what makes them thrive and how you can take advantage of them. 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. If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already. Westport is one of the wealthiest towns in Connecticut. 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 has a population of about 10,278 (2020) people and has a median age of 42 years old. 79.4% of the community are US-born citizens, with 11.73% born in other countries. Essex is situated near the Connecticut river, a few miles north of some of the states best beach towns. 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. Dariens median home value is $1,654,00. It has an active social scene and boasts an impressive collection of restaurants, shops, and entertainment venues. Home prices in town are also high, ranging from $500,000 to $4,000,000. List of 25 Wealthiest Zipcodes in Connecticut; Rank Map Key Zipcode Zip Name County Adjusted Gross Income Median Household Income; 1: 06878: Riverside: Fairfield: $740130: Want to learn more about Westport? With a median income of $59,522, Naugatuck took ninth place. And that makes living in the state expensive. Ned Lamont and General Assembly leaders to to focus on offsetting a potential property tax Armageddon. 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. America's wealthiest people are starting to move into smaller cities, a new wealth report says. Dana has extensive professional writing experience including technical and report writing, informational articles, persuasive articles, contrast and comparison, grant applications, and advertisement. Located in Fairfield County, Weston has a population of 10,354. Being a coastal city, citizens have plenty of opportunities to spend their free time. The city has magnificent homes with long driveways accessible through winding country roads and beautiful landscapes. Despite its small size, it is home to 18,932 people. This site uses Akismet to reduce spam. If you want to live in Darian, youd better start saving. Fairfield. In terms of per capita income, Connecticut is the richest state in the United States of America. Many of these towns are wonderful places to live due to their incredible verdant spaces and proximity to the city and ocean. It is a picture-perfect neighborhood in the Town of Greenwich with beaches, highly rated schools, and an easy train ride to NYC. Old Greenwich is one of the richest Neighborhoods in Connecticut with a median household income of $238,750. This is our tenth time ranking the richest cities in Connecticut. Hoping for a glimpse at some of those gorgeous views for which this town is known? According to the report, the four towns are Darien, Old Greenwich, Riverside, and . Haub, who took over the company after the death of his brother, Karl-Erivan, is now worth an estimated $2.9 billion. Theres usually something going on for recreation and entertainment in the town and surrounding areas. There are lots of affluent communities in the Nutmeg State, and some of them are unassuming. The unemployment rate is lower than the state rate of 4.1% and the national rate of 3.9%. If you want to live in one of Connecticuts richest places, youre going to need to make upwards of $59,791/year. Gov. Newtown Borough is being credited as the richest town in the state of Connecticut. The beautiful neighborhood is small, just 6,962, after the influx of rich business professionals. The average home value is $1,561,200, with 84% of the residents owning their own homes. The financial news and opinion site 24/7 Wall St . 87% of the residents own their homes, and just 13% rent. The town has the highest percentage of residents who are wealthy, at about 30 percent. Old Greenwich Annual household income: $222,794, 2. Name Census collected information for the past five years and breaks the average income levels by age group. 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. New Cannan, CT Average household income: $200,203.00 Living in New Canaan is like being surrounded by family. Old Greenwich Profile Page with Infographics. Lidia Ryan is the managing editor of trending and features for Hearst Connecticut Media Group and is part of the digital team. Weston residents are well educated with 78% of residents having obtained a bachelors degree or higher. Source: US Internal Revenue Service - 2018. 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. If you choose to rent an apartment, expect to pay an average of $1,866 monthly. Living there isnt cheap, though. Darien Profile Page with Infographics. Connecticut ( / kntkt / ( listen)) [10] is the southernmost state in the New England region of the Northeastern United States. If you love the outdoors, check out the beautiful. Its also one of the wealthiest towns in Connecticut, with a median annual income per family of $180,057. The third on the list is Westport. . If the idea of paying $2,724 in rent each month makes you feel the same, definitely scratch it from your list. 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. Its in Hartford County. It is a charming seaside neighborhood that is in the Town of Greenwich with waterfront homes and private beaches. Old Greenwich residents live a good work-life balance with an average commute time of 38 minutes. Weston, CT Annual household income: 222,535, 3. View Map of 25 Poorest Zipcodes in Connecticut. Want to learn more about Weston? Darian, CT Annual household income: $232,523, 1. Renters pay an average of $1,361 per month. Ridgefield is also home to several conservation areas and preserves that provide a haven for wildlife such as deer, foxes, wild turkeys, and hawks. The average commute time from home to work is 35.7 minutes. 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). With salaries like that, most residents are having no problem in keeping up with those monster mortgage re-payments. The Population for 2020 was 1,797, but it has grown to 1,839 for 2022. The next town on this list is Wilton. Wilton is also known as the village because of its quaint feel with many historic homes and buildings. A Bloomberg report is out on the 100 richest towns in America, and four towns in Connecticut made the list. [1] All data is from the 2010 United States Census and the 2011-2015 American Community Survey 5-Year Estimates.[2][3]. Fairfield is one of the richest towns and among the best places to live 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. Fairfield offers many different types of housing options including condos, apartments, townhomes, and single-family homes. Also in Fairfield County, the waterfront city of Stamford is ranked 4th on the list. Westport residents are well educated with 78% of residents having obtained a bachelors degree or higher. Essex is another one of the richest towns in Connecticut. Darian is one of the richest towns in Connecticut with a median household income of nearly $243,750. Connecticut is home to some of the wealthiest people in America. However, we dont believe that one statistic wholly encompasses what it means to be one of the richest places. 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. Jobs are plentiful in the city with a population of 7,453.

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