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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. Learn how your comment data is processed. If more people are employed, the richer the future looks. Counties [ edit] Lidia Ryan is the managing editor of trending and features for Hearst Connecticut Media Group and is part of the digital team. Property values are high, the median sales price is $1,029,000. 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. Only 16 states were represented in the top 100. Woodbridge, CT Annual household income: $205,541, 7. Norwalk, CT, USA 4. 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. Other areas of wealth in the state include suburbs surrounding New Haven and Hartford, as well as pockets of Litchfield County . When Does a Seller Get Their Money After Closing on a House? The average age of residents is between 56 to 57 years, with a white demographic of 89.65%, 5.26% for people claiming mixed race ethnicity, 3.57% African American and 1.54% Asian American. The unemployment rate is 8.6% and the poverty rate is 10% in this city. The unemployment rate is 8.0% and the poverty rate is 8.9%. Here are the 10 most expensive places to live in Connecticut for 2023: Stamford Norwalk Danbury New Haven Hartford Bridgeport Ansonia New London Middletown Groton What's the most expensive place to live in Connecticut? Theres a premium on living in a safe neighborhood with all the trappings of a luxurious existence. People love to enjoy life and share it with family, friends, and neighbors. 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. With salaries like that, most residents are having no problem in keeping up with those monster mortgage re-payments. 91.82% of the Population is white, with 87.8% white students in the public school system. Living in New Canaan is like being surrounded by family. Matter of fact, its because there are a bunch of well-to-do people that call this New England state home. You can download the data here. 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. Read More The 20 Safest Places To Live in TennesseeContinue, If you dont know what a HELOC is, dont feel stupid. 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. 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. Fairfield County is very close to New York City. Grace Duffield / Hearst Connecticut Media file photo 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. If you dream of the quiet life, its ideal. Gov. 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. If you can swallow up those property prices, theres a good chance youll be rewarded with an income in the region of $222,535. Greenwich is synonymous with luxury real estate and wealth. The average value of a home is just under $800,000, which is on par with the average household income. 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. 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. 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. Essex is situated near the Connecticut river, a few miles north of some of the states best beach towns. Westport is one of the wealthiest towns in Connecticut. The Population for 2020 was 1,797, but it has grown to 1,839 for 2022. Located in Fairfield County, Weston has a population of 10,354. The oldest towns in Connecticut are perfect places to visit for those who love learning about history. 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. Its the place where many believe this country originated, being home to the historic city of Plymouth. The town is home to many Fortune 500 companies such as General Electric and Terex Corporation. Newtown Borough is being credited as the richest town in the state of Connecticut. Old Greenwich is home to some of the wealthiest Connecticut residents. It's also home to the state's only national historic site, Weir Farm. Well, HomeSnacks crunched the numbers and discovered that Stamford is the most expensive place to live in Connecticut. How Much Are Closing Costs in Texas & Who Pays Them. 1. Woodbridge is another wealthy Connecticut town. The beautiful neighborhood is small, just 6,962, after the influx of rich business professionals. Many of these towns are wonderful places to live due to their incredible verdant spaces and proximity to the city and ocean. Read on to discover the 14 richest towns in Connecticut in 2022. Stamford Wikipedia/John The Gold Coast, also known as Lower Fairfield County or Southwestern Connecticut not limited to the Connecticut panhandle, . 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. But its worth it because Connecticut has some of the best opportunities for employment with the states overall unemployment rate holding steady with the national rate. Darian If you want to live in Darian, you'd better start saving. Its safe, with a low crime rate. Home to some of the most affluent residents of Connecticut, Darien has a median household income of $232,523. Keep reading. Save my name, email, and website in this browser for the next time I comment. Its also home to the states only national historic site, Weir Farm. We analyzed 21 places in Connecticut to determine where the 1% live. Darien residents live a good work-life balance with an average commute time of 39 minutes. Stamford, CT Annual household income: $152,102, 11. The city deserves its spot on the list as its well above the average US income. Ned Lamont and General Assembly leaders to to focus on offsetting a potential property tax Armageddon. The communities in this city are close, and they love to sponsor community events for the residents and visitors. However, test score performance in the public school system gets a poor ranking. Youll find parades, festivals, and occasional pop-up art exhibitions. 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. The unemployment rate is lower than the state rate of 4.1% and the national rate of 3.9%. They found this lovely old city during the Covid-19 pandemic and relocated for a safer and serene place to live. 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. Its come a long way in the past 10 years since the last Census. The high demand is getting harder to find places for sale. 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. With its safe streets, world-class schools, plentiful amenities, and tempting $163,945 median income, its a great place to call home if your bank balance meets the challenge. Map of 25 Wealthiest Zipcodes in Connecticut Based on Average Adjusted Gross Income. The 20 most affluent places, based on places with available data, all had household incomes above $485,000. Whenever any publication compiles a list of Americas richest cities, theres one name you can always count on seeing Old Greenwich. Contact: nclunan@onlyinyourstate.com, The Cafeteria With Some Of The Best Home-Cooked Food In Connecticut, See Mermaids In Real Life Right Here in Connecticut At The Mystic Aquarium, This Rustic Restaurant In Connecticut Serves Up Heaping Helpings Of Country Cooking, The Terrifying, Deadly Plane Crash In Connecticut That Will Never Be Forgotten, Here Are The 8 Poorest Cities In Connecticut, Here Are The 10 Cheapest Yet Great Places To Live In Connecticut, The 9 Most Dangerous Cities in Connecticut, Here Are The 9 Most Dangerous Places In Connecticut After Dark, Whittemore Glen State Park in Naugatuck, Connecticut, Bluff Point State Park in Groton, Connecticut. With an average family income of $209,635 and a population of 18,460 inhabitants, Wilton is a relatively wealthy town. These are some, Read More The 10 Richest Zip Codes In CaliforniaContinue, Florida has the longest coastline of any state in the contiguous United States. Milford grabbed the top place in this list of richest cities. Another one of the richest towns in Connecticut is Weston. The town has the highest percentage of residents who are wealthy, at about 30 percent. Until the federal government takes its regulatory role seriously and uses the big stick that it has, corporations will attempt to self-regulate M&T urged to end 'banking desert' in Bridgeport neighborhoods, 'Candlewood' horror movie drops trailer inspired by local urban legends, Four Fairfield businesses fail February health inspections, Warrant: Ex-New Fairfield 'lunch lady' sent nude images to student on Snapchat for months before sex assault, Police make up 19 of Trumbull's top 20 highest paid employees, Former CT girls soccer coach pleads guilty to sexually assaulting player, Bridgeport man broke into Norwalk homes while families slept inside, warrants said, The Best Private High Schools Near Stamford, The Best Private Preschools Near New Haven, Guide to Legal Cannabis Dispensaries in CT, Why CT waits for $95 million from OxyContin maker Purdue Pharma, HUSKY Health is helping immigrants. Westport is one of the richest towns in Connecticut with a median household income of $222,375. The average home price in Southport is $600,000. 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. The unemployment rate is just 3.1%, with an average commute of 33 minutes. 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. Want to learn more about Riverside? 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. 14 Richest Towns in Connecticut Darien Riverside Westport Old Greenwich Wilton Weston Greenwich Southport New Canaan Avon Ridgefield Stamford Woodbridge Essex 1. 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. The average household income in Woodbridge is $96,919, and the median home price is $595,000. Riverside, CT Annual household income: $215,791, 5. Not all of the countries have a great reputation, Read More The 20 Best Places to Live in Latin AmericaContinue, There are quite a few reasons why people choose to live in areas that have low humidity. Most of Connecticuts wealth is concentrated in Fairfield County, which contains many affluent suburbs in Connecticut. 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. Fairfield. Being a coastal city, citizens have plenty of opportunities to spend their free time. (and lowest paying jobs). Its among the top ten. Middletown, a riverside city south of Hartford, takes the 6th place spot with a median income of $63,828. 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. The homes in Darien are primarily owner-occupied (87%) with only 13% rentals. Its median income is $58,717. Are you surprised by this list of the richest cities in Connecticut? If the thought of paying $868,200 for a home makes you feel queasy, you might want to give Weston a miss. It has a population of 27,141. She finds almost all topics she writes about interesting, but her favorite subjects are travel and food. The next town on this list is Wilton. The schools are among the best in the state, making them the ideal place to raise a family. Home prices in town are also high, ranging from $500,000 to $4,000,000. 25 Wealthiest Towns in the New York Suburbs, What are the Highest Paying Jobs in New York? Related: The 10 Wealthiest Cities In California. 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. Westport residents live a good work-life balance with an average commute time of 44 minutes. In 2018, the average household income in its Old Greenwich. Darien is a small town on Connecticuts gold coast that is home to approximately 6,759 people. With a population of 20,622 inhabitants, the average income per household is $145,244. South Glastonbury, CT Annual household income: $135,596, 18.