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. 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. 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 rankings are based on income and home value. The unemployment rate is 3.2%, compared to the Fairfield County unemployment rate of 5.2%. Its also very well educated, with over half of its residents having a college degree. Want to learn more about Riverside? Its the basis on which we chose the 20 richest towns in Connecticut, and the results might surprise you. There are also many beautiful parks and green spaces throughout town. Its a desirable place to live if you can afford the costs. The median home value is $766,900, making it more affordable than some other affluent communities. Connecticut is home to some of the wealthiest people in America. With its quaint downtown, beautiful homes, and friendly people, its no wonder that Ridgefield was named one of the top 100 small towns in America by Money magazine! The unemployment rate is 3%, which beats the state average by 4.1%. Haub, who took over the company after the death of his brother, Karl-Erivan, is now worth an estimated $2.9 billion. The community is close-knit and safe, and while its not exactly the most buzzing of places, its calm serenity and lovely scenery are attractions in their own right. Other areas of wealth in the state include suburbs surrounding New Haven and Hartford, as well as pockets of Litchfield County . After we collected the data for all 21 places with more than 9,000 people in Connecticut, we ranked each place from 1 to 21 for each of the criteria, with 1 being the richest. The town has a population of about 10,278 (2020) people and has a median age of 42 years old. Fairfield is also very safe and has low crime rates. Weston, CT Annual household income: 222,535, 3. Old Greenwich Annual household income: $222,794, 2. You can learn more about the top ten below or skip to the end to see the rankings for all 21 places. 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. The median home value in Greenwich is over $1.5 million, and many residents work in finance and banking in NYC. The median home price in Essex was $651,000 in 2022. Currently, Lee is practicing the smidgen of Chinese that he picked up while visiting the Chinese mainland in hopes of someday being able to read certain historical texts in their original language. Renters pay an average of $1,361 per month. Wilton is undoubtedly a wealthy community and one of the top ten richest in the state of Connecticut for 2022. Its also one of the most expensive places to live in the country, with a median home price of over $1.5 million. 79.4% of the community are US-born citizens, with 11.73% born in other countries. 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. What is it like to live in Greenwich, CT. The 20 most affluent places, based on places with available data, all had household incomes above $485,000. Located in Fairfield County, Weston has a population of 10,354. Hoping for a glimpse at some of those gorgeous views for which this town is known? A list of the richest cities in Connecticut was released by Homesnacks and we think you might be surprised at which places made the list. The local school system is also amongst the best in the state. Westport has a thriving luxury real estate market with the median sales price in Westport at $1,796,000. 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. If more people are employed, the richer the future looks. Southport is an affluent town in Connecticut. Avons diversity rate is better than most of its neighboring communities. The unemployment rate tries to capture the prospects for more people to become rich. Renting is a little cheaper, but not by much expect to part with around $1,886 per month for an apartment. 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. A CT bill would expand it fur, Is CT recycling going into the trash? Be sure toFollow Us on Instagram,Like Us on Facebook, Subscribe to our YouTube Channel,and subscribe to ourMonthly Newsletter. 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. 6. Darien residents live a good work-life balance with an average commute time of 39 minutes. Suburbs 101 confirms that Riverside is a wealthy suburb of the Town of Greenwich. As of the 2020 census, the population was 1,710. It is also one of the most expensive places to live in the country, with a median home value of $1,051,014. Groton rounds out the list of richest cities in the number ten spot. To keep this list focused on city-sized spots, only communities with more than 9,000 people were considered, including the lovely Norwalk, Connecticut. It's also home to the state's only national historic site, Weir Farm. DARIEN, CT Darien is the wealthiest town in Connecticut, where the median household income is more than $200,000, according to a new report. Stamford is a city in Fairfield County with a population of 14,499. The average home price in Southport is $600,000. 89.3% of the homes are occupied by their owners, with 10.7% as rentals. Darian If you want to live in Darian, you'd better start saving. 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.. Stamford Wikipedia/John The town has over 120 acres of open space and over 1,000 acres of parkland. If the thought of paying $868,200 for a home makes you feel queasy, you might want to give Weston a miss. As a sign of just how rich this coastal Connecticut city is, the median income is a massive $321,377. The average income per family is $130,268, and home prices range anywhere between $500,000 to $2 million. However, we dont believe that one statistic wholly encompasses what it means to be one of the richest places. The result? Darien is a small town on Connecticut's gold coast that is home to approximately 6,759 people. Point 2 Point Homes advises that the small community of 8,779 people has an average household income of more than $200k per year. A town covered in vibrant nature, Avon is one of the richest towns in Connecticut. With Connecticut being so close to New York City, it has become a favorite place for wealthy New Yorkers looking to buy a quaint, suburban home. Most Expensively 2023. Riverside also offers residents a quick commute into NYC. This time the list is from Bloomberg. Easton is a great place to raise a family because it has a good school system. 91.82% of the Population is white, with 87.8% white students in the public school system. [1] All data is from the 2010 United States Census and the 2011-2015 American Community Survey 5-Year Estimates.[2][3]. Here are the wealthiest towns in Connecticut. Being a coastal city, citizens have plenty of opportunities to spend their free time. A Bloomberg report is out on the 100 richest towns in America, and four towns in Connecticut made the list. When you learn that the average cost of a single-family home is $1,150,400 and the median income is $206,466, youll be left in no doubt. With a population of 20,622 inhabitants, the average income per household is $145,244. It has an active social scene and boasts an impressive collection of restaurants, shops, and entertainment venues. 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. If you plan to buy a home in the city, the median home value is $330,100. The oldest towns in Connecticut are perfect places to visit for those who love learning about history. 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. 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. Its among the top ten. OnlyInYourState may earn compensation through affiliate links in this article. If youre planning a move to Tennessee, then youll be happy to know that there are some areas that are among the most beautiful in scenery as the landscape changes from one season to another. They found this lovely old city during the Covid-19 pandemic and relocated for a safer and serene place to live. The median household income in Riverside is $250,000, and most homes sell for over $2.5 million. The unemployment rate in this city is 10% and the poverty rate is 9.6%. 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. The average commute time from home to work is 35.7 minutes. The town center village is listed as a historic district on the National Register of Historic Places. Its come a long way in the past 10 years since the last Census. The average home value is $1,561,200, with 84% of the residents owning their own homes. The information presented in this article are based on data from theUS Census American Community SurveyandRedfin. Connecticut is no ones idea of a poor state. The benefits of living in this city are numerous, such as good schools, safe neighborhoods, and overall great lifestyle quality. If you can swallow up those property prices, theres a good chance youll be rewarded with an income in the region of $222,535. Weston Profile Page with Infographics. Home to some of the most affluent residents of Connecticut, Weston has a median household income of $222,535. The Population is 8,843 in this close-knit community. Its a small, charming seaside community in the Town of Greenwich with a population of 6,873. The schools are among the best in the state, making them the ideal place to raise a family. Liz Flynn has worked as a full-time writer since 2010 after leaving a career in education. 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. Connecticut's neighboring towns of Greenwich and Darien have a combined population of around . Its safe, with a low crime rate. Point 2 Point Homes picked up on the city of Avon, whereas many other demographics lists didnt give them a second look. The upscale community attracts residents who commute to New York City because its easy train ride to Manhattan. Its also home to some of the most expensive homes in the state. In terms of per capita income, Connecticut is the richest state in the United States of America. If you want to live in one of Connecticuts richest places, youre going to need to make upwards of $59,791/year. 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. Westport is one of the wealthiest towns in Connecticut. 10. Wilton has impressive parks and rec programs to provide residents with many green areas to enjoy public events or family picnics. This is a carousel. After all, rich people have really high salaries. As a sign of just how rich this coastal Connecticut city is, the median income is a massive $321,377. Whenever any publication compiles a list of Americas richest cities, theres one name you can always count on seeing Old Greenwich. There is a good reason that Norwalk was listed as one of the. 20% of the residents pay rent, with 80% owning their homes. Fairfield County town is one of the most desirable places to live if you have the financial means. Its a haven for New Yorks very rich to escape the hustle and bustle of big money firms and agencies. People who live and work in Easton have a slightly higher income level. 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. 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. The towns population is under 21,742 people, yet it is home to at least seven country clubs and three golf courses. Located in Fairfield County, Westport is an affluent town with beaches, private Country Clubs, and Yacht Clubs. You catch that vibe when you visit New Canaan, but its not cheap to live there. We analyzed 21 places in Connecticut to determine where the 1% live. HomeSnacks is reader-supported. Riverside Profile Page with Infographics. The average home value is $650,400. The communities in this city are close, and they love to sponsor community events for the residents and visitors. Keep reading. Connecticut ( / kntkt / ( listen)) [10] is the southernmost state in the New England region of the Northeastern United States. Darian is one of the richest towns in Connecticut with a median household income of nearly $243,750. Home to some of the most affluent residents in Connecticut, Westport has a median household income of $206,466. Riverside is home to some of the most affluent residents of Connecticut with a median household income of $215,791. 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. She also enjoys creative writing, content writing on nearly any topic (particularly business and lifestyle), because as a lifelong learner, she loves to do research and possess a high skill level in this area. You can download the data here. The bright side? 25 Wealthiest Towns in the New York Suburbs, What are the Highest Paying Jobs in New York? Although the town is small, youll find plenty of recreational venues, cafes, restaurants, and shops. Matter of fact, its because there are a bunch of well-to-do people that call this New England state home. 14 Richest Towns in Connecticut Darien Riverside Westport Old Greenwich Wilton Weston Greenwich Southport New Canaan Avon Ridgefield Stamford Woodbridge Essex 1. 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). Fairfield County towns have made yet another list of the richest places in the U.S. The high demand is getting harder to find places for sale. 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. It has a population of 27,141. >> Click through to see how each CT spot ranked as well as each household income average. Not that there isnt more to it than that with a vibrant food scene, a charming historic district, gorgeous parks, and a great selection of shops, it offers premium living at an admittedly premium price tag. If you want to live in Darian, youd better start saving. With a median household income just shy of a quarter-million a year, Darian is an exclusive place to live. Inflation-adjusted household income is one of the factors. 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. The second wealthiest town in Connecticut is Riverside. There are plenty of shopping and fine dining venues in Riverside. Just 16% of the homes are rentals. Weston is in Fairfield County. New Canaan and other wealthy towns made it onto the state's list of "disproportionately impacted areas" for favorable treatment in the marijuana legalization rollout, due to a quirk in the data. The town has the highest percentage of residents who are wealthy, at about 30 percent. Redding, Connecticut, is a small city with a population of 9,110. Its capital is Hartford, and its most populous city is Bridgeport. Easton, CT Annual household income: $166,875, 13. Numerous tech billionaires have called the town home, including Googles Eric Schmidt, Facebooks Sheryl Sandberg and Microsofts late co-founder Paul Allen.". 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. 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? All in all, Riverside is a town that offers a great quality of life to its citizens. 20. $55,137 is the median income in this city while the unemployment and poverty rates are 7.5% and 13.4% respectively. It's also one of the most expensive places to live in the country, with a median home price of over $1.5 million. Both coasts have some, Read More The 10 Best Places to Live on the West Coast of FloridaContinue, Massachusetts is one of the most remarkable states in America. Most of the properties in Riverside are primarily owner-occupied (80%) with only 20% 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. The homes in Westport are primarily owner-occupied (85%) and only 15% rentals. Its got a population of just over 20,249 (2020) people, but it feels much smaller than that. And out of all the towns in Connecticut, none are wealthier than Greenwich in Fairfield County. It has an average household income of $204,792, and the home prices range between $600,000-$800,000. Newtown Borough is being credited as the richest town in the state of Connecticut. New Canaan is situated right next to Darien and is also one of the richest towns in Connecticut. When Does a Seller Get Their Money After Closing on a House? 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. Riverside has a population of 8,843. Learn how your comment data is processed. This small coastal town is the perfect place for raising children, and you can enjoy plenty of outdoor activities, especially walking in nature. The median income in Danbury is $67,430 helping to secure its 5th place ranking. If you live in, Fairfield County's Norwalk, CT is the third richest city in the Nutmeg State. The median sales price of homes in Riverside is $834,000. Theres a reason this state is one of the richest in the country. The homes in Darien are primarily owner-occupied (87%) with only 13% rentals. 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. Its also far below the national average rate of 3.9%. It has an average household income of $234,152 and 6,611 residents. It is a Fairfield County city home to many wealthy residents who enjoy private country clubs, yacht clubs, and pristine beaches. Fairfield is a moderate-sized city in Fairfield County. Ridgefield is also home to several conservation areas and preserves that provide a haven for wildlife such as deer, foxes, wild turkeys, and hawks. Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. Its located in Fairfield County under the 06896 zip code, sharing a border with Danbury and Georgetown. Southports location near New York City also makes it attractive for commuters working there. 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. The streets are safe, and the schools are highly rated. COS COB is a Fairfield county city that extends to the border of the Stamford city limits. Want to learn more about Westport? How Much Are Closing Costs in Texas & Who Pays Them. 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 community is known for being tight-knit with safe streets, low unemployment rates, and top-notch schools. A median income that sits at a mammoth $352,839. Easton is a cute little city located just a short hop, skip, and a jump away from the amenities and attractions of the New York City metro area. Located on Connecticut's Gold Coast, Greenwich is a financial powerhouse and also an exciting place to visit. The median household income in Wilton is $204,473 which is over twice as much as the state average of $79,043. In fairness, you do get a lot of return for your investment. 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. West Hartford, CT Annual household income: $142,197, 14. 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. It has a great location, close to major highways and a short drive from New York City. Riverside residents live a good work-life balance with an average commute time of 37 minutes. If youre curious enough, here are the poorest cities in Connecticut, according to data: Poorest: Hartford2nd Poorest: Bridgeport3rd Poorest: Waterbury. Thats right, folks, the Gold Coast didnt get its name because gold was found on Connecticuts beaches. The chart below shows the most common races living in the richest cities in Connecticut: 81.94% White 6.79% Hispanic 5.95% Asian 3.30% Two or more races 1.63% Black/African American 0.33% Other 0.07% Native 0.01% Hawaiian/Pacific Islander This shows that the most common race across the richest cities in Connecticut is "White". Weston is one of the richest towns in Connecticut with a median household income of $207,863. Whether you have money to burn or are living on a budget, everyone enjoys these free activities in Connecticut. 87% of the residents own their homes, and just 13% rent. The town is full of greenery and offers residents a tranquil vibe. Redding is one of the wealthiest towns in CT. Its a small upscale community with a population of 8,765. The average commute time from home to work is 23.6 minutes, suggesting ample employment opportunities in South Glastonbury. 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. A Bloomberg report is out on the 100 richest towns in America, and four towns in Connecticut made the list. Essex is situated near the Connecticut river, a few miles north of some of the states best beach towns. The climate is better for persons with allergies, asthma, and other respiratory conditions. 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 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. All of these towns are located not too far east of Greenwich . the average home value is $1,471,700. There are also several golf courses in town that draw a lot of people from around the world. Ridgefield is one of the wealthiest towns in Connecticut with a median household income of 133,647. Westport residents live a good work-life balance with an average commute time of 44 minutes. Name Census collected information for the past five years and breaks the average income levels by age group. However, the average house prices range from $1,5 million to $3 million. The largest city in Litchfield County, Torrington, grabs the number eight spot. Shelton has an extremely successful economy, with the 2nd lowest poverty level and lowest unemployment rate in Connecticut, at 5.4% and 4.9% respectively. 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! Shelton places in the number two spot with a median income of $87,277. Most of the residents have gainful employment with high-paying jobs. 9. The town has a thriving arts community and many of its residents are involved in local government or volunteer activities. The average commute time for workers is 26.5 minutes, suggesting plenty of local jobs in the citys economy.