The majority are white-collar workers, just 4.96% in the blue-collar classification. 2015-2023 Chasing Chains, LLC. Her academic degrees include AA social Sci/BA English/MEd Adult Ed & Community & Human Resource Development and ABD in PhD studies in Indust & Org Psychology. Other areas of wealth in the state include suburbs surrounding New Haven and Hartford, as well as pockets of Litchfield County. A comprehensive list of Connecticuts top 10 richest cities, ranked according to median income and other key indicators of wealth. School test performance scores are above average, and 9.2% of students are eligible for free or reduced lunches at school. If you plan to buy a home in New Canaan, the average price is $1.36 million. Weston is in Fairfield County. With a median household income of $129,919, it is home to approximately 25,033 people. 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. If you can afford a mortgage, its the better way to go in Fairfield. The Population is 8,843 in this close-knit community. 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. CT proposal causes confusion, concern. However, depending on the neighborhood, you can also find more affordable housing. New Canaan is one of the wealthiest towns and among the best places to live in Connecticut. Fairfield is one of the richest towns and among the best places to live 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 median household income at Cos Cob is $138,125. Some work at private companies and governmental institutions. We love the detailed statistics that give us a clear snapshot of the socioeconomic dynamics of the city. Ned Lamont and General Assembly leaders to to focus on offsetting a potential property tax Armageddon. In fairness, you do get a lot of return for your investment. Its median income is $58,717. The 2010 Census revealed a growth from 6.751 residents to 7,150, showing that the town is gaining its population base. Weston is one of the most affluent towns in Connecticut with winding country roads and highly regarded schools. The median household income is $99,791, and the average home price is $672,000. All of this combines to make the local housing market expensive. Located in Fairfield County, Weston has a population of 10,354. 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. The average commute time from home to work is 23.6 minutes, suggesting ample employment opportunities in South Glastonbury. Whether you have money to burn or are living on a budget, everyone enjoys these free activities in Connecticut. The next richest town in Connecticut is Ridgefield. Wilton, CT Annual household income: $193,292, 9. Most of the residents are of white ethnicity, with only 6.1% of students in the public schools eligible for free or reduced lunch. South Glastonbury is a small town with a growing population ranging from 4848 to 5651. It is a very safe town surrounded by greenery. 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. Connecticut is one of the wealthiest states in the US. Newtown Borough is being credited as the richest town in the state of Connecticut. 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. 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. Love Connecticut? However, the average house prices range from $1,5 million to $3 million. Let us take a look at some of the richest towns in Connecticut that make up the per capita income. California was the most represented with 23 cities and towns making the list. The staggering low unemployment rate for 2022 is 0.4%, far below the county, state, and national averages for unemployment rates. View Map of 25 Poorest Zipcodes in Connecticut. The average commute time for workers is 26.5 minutes, suggesting plenty of local jobs in the citys economy. Wilton is undoubtedly a wealthy community and one of the top ten richest in the state of Connecticut for 2022. 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. Only 15% of the residents rent because most people there are homeowners. Darien The richest town in Connecticut is Darien, with a median household income of $251,200. Richest Places in Connecticut Bottom Line, Best First Time Home Buyer Programs & Grants in NYC. As of the 2020 census, the population was 1,710. Southports location near New York City also makes it attractive for commuters working there. Shelton. It has a population of 33,900 residents. Most of the properties in Riverside are primarily owner-occupied (80%) with only 20% rentals. the average home value is $1,471,700. There are also several public parks located throughout Fairfield that offer great recreational opportunities such as tennis courts, baseball fields, basketball courts, and playgrounds for kids! With a population of 63,518, Greenwich is an upscale community with a median household income of $180,44. 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. Its harbor and beaches are popular among boaters, who are drawn by the calm waters of Long Island Sound and easy access to New York City via ferry or bridge. The median sales price is residential sales data for 12 month period ending January 2023. From Hedge Fund Executives to High Profile Athletes, these wealthy Americans call Connecticut their home. Not to mention, if youre looking to get your kid into a university that produces more millionaires than the Connecticut Lottery, theres the University of Connecticut in Storrs and Yale University in New Haven. 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 financial news and opinion site 24/7 Wall St . Home prices in town are also high, ranging from $500,000 to $4,000,000. >> Click through to see how each CT spot ranked as well as each household income average. 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). It is also one of the most diverse towns in the state, with over 50% of its residents being foreign-born. According to Area Vibes, the cost of living in Westport is 82% higher than the Connecticut average. Groton rounds out the list of richest cities in the number ten spot. 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. 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. Liz Flynn has worked as a full-time writer since 2010 after leaving a career in education. Look here. Old Greenwich residents are well educated with 80% of residents have obtained a bachelors degree or higher. The community is known for being tight-knit with safe streets, low unemployment rates, and top-notch schools. Liz loves the process of researching information, learning new things, and putting into words . The average renter pays $2,336 per month. This is a carousel. Riverside Profile Page with Infographics. There are also several golf courses in town that draw a lot of people from around the world. The crime rate in this town is also very low with only 5% of residents reporting that they had been victims of crime during the last year. The median household income in Riverside is $250,000, and most homes sell for over $2.5 million. The upscale community attracts residents who commute to New York City because its easy train ride to Manhattan. It is also one of the most expensive places to live in the country, with a median home value of $1,051,014. Depending on individual tastes, personal circumstances, and the stage of life a person is at, everyone has different criteria in terms of what makes a great place to live. Although the town is small, youll find plenty of recreational venues, cafes, restaurants, and shops. The third on the list is Westport. Darien is a small town on Connecticuts gold coast that is home to approximately 6,759 people. Its the basis on which we chose the 20 richest towns in Connecticut, and the results might surprise you. The average household income umped over $20k, but the cost of housing has also risen in this desirable community. 20. Old Greenwich residents live a good work-life balance with an average commute time of 38 minutes. Only 16 states were represented in the top 100. Connecticut’s per capita income was $44,496 in 2019, according to estimates. 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. Jobs are plentiful in the area, with the working Population gainfully employed except for just 3.5%. Old Greenwich Annual household income: $222,794, 2. Most of Connecticut's wealth is concentrated in Fairfield County, which contains many affluent suburbs in Connecticut. The unemployment rate tries to capture the prospects for more people to become rich. The median income in this city is $81,634. Learn how your comment data is processed. New Cannan, CT Average household income: $200,203.00, 8. Woodbridge, CT Annual household income: $205,541, 7. Zip Data lists West Hartford as one of the 20 richest cities in the state. Its also one of the most expensive places to live in the country, with a median home price of over $1.5 million. The richest town in Connecticut is Darien, with a median household income of $251,200. This affluent community is the home of 18,410 residents with an average age of 45 years, with slightly more females than males. 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. Essex is another one of the richest towns in Connecticut. With salaries like that, most residents are having no problem in keeping up with those monster mortgage re-payments. As at 2019, Connecticut had a per capita income of $44,496. 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. (Infographs), What are the Highest Paying Jobs in New Jersey? 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. Westport, CT Annual household income: $222,535, 4. Fairfield, CT Annual household income: $139,122, 16. Its a small town of 10,354. Avon is the home of 1,206 entrepreneurs. As a sign of just how rich this coastal Connecticut city is, the median income is a massive $321,377. Its a haven for New Yorks very rich to escape the hustle and bustle of big money firms and agencies. In 2018, the average household income in its Old Greenwich. Greenwich residents are well-educated, with 70.6% having completed at least a bachelors degree. What determines the overall wealth of a city? Isn't it grand to see Granby here in the top ten safest places in Connecticut. The average family home retails for a massive $611,500, almost three times the national average. Jobs are plentiful in the city with a population of 7,453. Fairfield offers many different types of housing options including condos, apartments, townhomes, and single-family homes. Inflation-adjusted household income is one of the factors. Fairfield County towns have made yet another list of the richest places in the U.S. The average income per family is $130,268, and home prices range anywhere between $500,000 to $2 million. 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 is lower than the state rate of 4.1% and the national rate of 3.9%. Westport is a very desirable place to live as it ranks highly for safety. Easton is a great place to raise a family because it has a good school system. With a median household income of $1,471,700, this is no place for people on a shoestring budget. Want to learn more about Weston? 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. It is a charming seaside neighborhood that is in the Town of Greenwich with waterfront homes and private beaches. The average family home retails for a massive $611,500, almost three times the . Darian will be the second wealthiest city in Connecticut in 2022. Weston, CT Annual household income: 222,535, 3. Fairfield is a moderate-sized city 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. South Glastonbury, CT Annual household income: $135,596, 18. (Infographic), What are the Highest Paying Jobs in Connecticut?