So we looked at this set of criteria from the newly released 2017-2021 American Community Survey: Median household income is the most digestible way to understand how rich a place really is. The median income in this city is $81,634. The average home price in town is $780,000. Riverside is one of the wealthiest communities in Connecticut. 25 Wealthiest Towns in the New York Suburbs, What are the Highest Paying Jobs in New York? 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. Some haulers caught, Arming guidance counselors? Certainly enough time to go to the beach after work for a picnic dinner by the water! 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. 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. 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. Riverside is home to some of the most affluent residents of Connecticut with a median household income of $215,791. Connecticut ( / kntkt / ( listen)) [10] is the southernmost state in the New England region of the Northeastern United States. Thats right, folks, the Gold Coast didnt get its name because gold was found on Connecticuts beaches. Love Connecticut? What are the richest towns in Connecticut? In Old Greenwich, homes are primarily owner-occupied (84%) and only 16% of homes in Old Greenwich are rentals. Darians median home value sits at around $1.7M thats more than double the national average. It has an active social scene and boasts an impressive collection of restaurants, shops, and entertainment venues. If the thought of paying $868,200 for a home makes you feel queasy, you might want to give Weston a miss. Essex Village is a highly desirable community to live in for the affluent. As a sign of just how rich this coastal Connecticut city is, the median income is a massive $321,377. Essex Village, CT Annual household income: $172,302, 12. It's also one of the most expensive places to live in the country, with a median home price of over $1.5 million. 91.82% of the Population is white, with 87.8% white students in the public school system. The states Atlantic coast is to the east, while the Gulf of Mexico coastline is to the west. And if you want to know where these wealthy Connecticutors live, take a look below at HomeSnacks list of the richest places in The Constitution State for 2023. The unemployment rate is low compared to the state average, and commuters spend an average of 44 minutes driving to work. Look here. Norwalk, CT, USA 4. 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. [1] All data is from the 2010 United States Census and the 2011-2015 American Community Survey 5-Year Estimates.[2][3]. Darien The richest town in Connecticut is Darien, with a median household income of $251,200. Westport is in the top five most affluent cities in Connecticut for 2022. The high demand is getting harder to find places for sale. Its also one of the most expensive places to live in the country, with a median home price of over $1.5 million. The median income is $80,896. Most of the residents have gainful employment with high-paying jobs. Its a small, affluent community where the average commute time for workers is 35.5 minutes, and test performance scores for public school students are excellent. Home prices in town are also high, ranging from $500,000 to $4,000,000. Connecticut’s per capita income was $44,496 in 2019, according to estimates. The unemployment rate is 3.2%, compared to the Fairfield County unemployment rate of 5.2%. COS COB, CT Annual household income: $136,261, 17. In fairness, you do get a lot of return for your investment. Darian will be the second wealthiest city in Connecticut in 2022. 22 overall, with average household income at $270,222. California was the most represented with 23 cities and towns making the list. Her works have been featured on Good Housekeeping,Next Luxury,Wanderlog,NurseJournal,NewsBreak,ThaiWare,and Yahoo. Westport is one of the wealthiest towns in Connecticut. As a sign of just how rich this coastal Connecticut city is, the median income is a massive $321,377. Its also one of the wealthiest towns in Connecticut, with a median annual income per family of $180,057. When Does a Seller Get Their Money After Closing on a House? To keep this list focused on city-sized spots, only communities with more than 9,000 people were considered, including the lovely Norwalk, Connecticut. The rankings are based on income and home value. According to the report, the four towns are Darien, Old Greenwich, Riverside, and . 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. You can download the data here. Most of the residents are of white ethnicity, with only 6.1% of students in the public schools eligible for free or reduced lunch. Avon is the home of 1,206 entrepreneurs. The town also boasts one of the best school systems in all of Connecticut! The oldest towns in Connecticut are perfect places to visit for those who love learning about history. Greenwich had a median household income of $180,484 in 2021 and is known as one of the richest cities in America. A handful of factors, from the number of businesses in an area to its median income, have an impact on whether residents are thriving or struggling financially. Located on Connecticut's Gold Coast, Greenwich is a financial powerhouse and also an exciting place to visit. The schools are among the best in the state, making them the ideal place to raise a family. As at 2019, Connecticut had a per capita income of $44,496. Head to, Natalie is a writer and travel enthusiast who loves uncovering new places along the East Coast. The majority are white-collar workers, just 4.96% in the blue-collar classification. The town is also home to many hedge fund managers, bankers, and lawyers. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[336,280],'homesnacks_com-medrectangle-3','ezslot_2',143,'0','0'])};__ez_fad_position('div-gpt-ad-homesnacks_com-medrectangle-3-0');So, what is the richest place in Connecticut? Most Expensively 2023. Visit Bloomberg for the full report. Besides these, Colorado has ongoing employment opportunities in aviation,, Read More The 10 Cheapest Places to Live in ColoradoContinue. Its a small, charming seaside community in the Town of Greenwich with a population of 6,873. Westport is one of the wealthiest towns in Connecticut. 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. What determines the overall wealth of a city? Youll find a community of 1,300 Wall Street execs and affiliates living in Old Greenwich, Connecticut. What is it like to live in Greenwich, CT. 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. People love to enjoy life and share it with family, friends, and neighbors. You'll receive your first newsletter soon! Related: The 10 Wealthiest Cities In California. The average home value is $466,000, making it one of the more affordable rich neighborhoods to buy a house. After all, rich people have really high salaries. The average adjusted gross income is $222,660. We aim to deliver bite-sized pieces of infotainment about where you live. Get the inside scoop on what its really like to live in the suburbs through our interviews with local suburbanites and features on Food, Fashion, Home, Garden, Travel, Pets, Real Estate and Local Events. Learn how your comment data is processed. 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. 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.. Wilton is also known as the village because of its quaint feel with many historic homes and buildings. Renters pay an average of $1,361 per month. The unemployment rate tries to capture the prospects for more people to become rich. Only 15% of the residents rent because most people there are homeowners. According to the report, the four towns are Darien, Old Greenwich, Riverside, and . Westport residents are well educated with 78% of residents having obtained a bachelors degree or higher. Darien is a small town on Connecticuts gold coast that is home to approximately 6,759 people. The climate is better for persons with allergies, asthma, and other respiratory conditions. He spends more time than is perhaps wise with his eyes fixed on a screen either reading history books, keeping up with international news, or playing the latest releases on the Steam platform, which serve as the subject matter for much of his writing output. With an average family income of $209,635 and a population of 18,460 inhabitants, Wilton is a relatively wealthy town. Darien residents live a good work-life balance with an average commute time of 39 minutes. Its a great place to raise kids, with top-rated schools and safe streets. Just 16% of the homes are rentals. If you dream of the quiet life, its ideal. The towns population is under 21,742 people, yet it is home to at least seven country clubs and three golf courses. The median household income is $99,791, and the average home price is $672,000. The average home value is $1,150,400. 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. If you plan to buy a home in the city, the median home value is $330,100. It is a charming seaside neighborhood that is in the Town of Greenwich with waterfront homes and private beaches. the average home value is $1,471,700. Old Greenwich Profile Page with Infographics. The average commute time from home to work is 31 minutes. It is one of the richest towns in Connecticut, boasting a median sales price of $1,835,000. When you click through real estate links on our site, we earn an affiliate commission. Fairfield County towns have made yet another list of the richest places in the U.S. 89.3% of the homes are occupied by their owners, with 10.7% as rentals. 4.2% of public school students are eligible for free or reduced lunch, and test performance in the public schools for Redding is excellent. Connecticut is the wealthiest state in the United States of America in terms of per capita incomes and wealth. So, want to know where its just as difficult to Keep up with the Connecticuters as it is The Kardashians? Old Greenwich Profile Page with Infographics. Known for its luxury waterfront homes, Old Greenwich has a median sales price of $2,063,000. Its smaller than Ridgefield but slightly more affluent. As to which are the very wealthiest, find out now as we count down the 10 richest cities in Connecticut. The median home price in Essex was $651,000 in 2022. 96% of the residents are homeowners with a median home value of $868,200. Its a medium-sized town that has grown to become one of the most desirable places to live in Connecticut. It has a great location, close to major highways and a short drive from New York City. Home to over 136,309 people, Stamford is the richest city in Connecticut. 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. The town center village is listed as a historic district on the National Register of Historic Places. 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. 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. It has a population of 33,900 residents. (Infographic), What are the Highest Paying Jobs in Connecticut? The 20 most affluent places, based on places with available data, all had household incomes above $485,000. All of these towns are located not too far east of Greenwich . The unemployment and poverty rates are 7.9% and 8.5% respectively. HomeSnacks is reader-supported. Point 2 Point Homes advises that the small community of 8,779 people has an average household income of more than $200k per year. Many of these towns are wonderful places to live due to their incredible verdant spaces and proximity to the city and ocean. If you can swallow up those property prices, theres a good chance youll be rewarded with an income in the region of $222,535. A town covered in vibrant nature, Avon is one of the richest towns in Connecticut. 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. With a median household income of $1,471,700, this is no place for people on a shoestring budget. 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. Fairfield County is very close to New York City. Suburbs 101 confirms that Riverside is a wealthy suburb of the Town of Greenwich. With a median household income of $129,919, it is home to approximately 25,033 people. The average family home retails for a massive $611,500, almost three times the . It is also one of the most expensive places to live in the country, with a median home value of $1,051,014. The average home value is $1,561,200, with 84% of the residents owning their own homes. New Canaan has a small-town feel with big-city amenities. Weston is one of the most affluent towns in Connecticut with winding country roads and highly regarded schools. The information presented in this article are based on data from theUS Census American Community SurveyandRedfin. 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.
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