Four Connecticut towns made the top 50 list (well, three depending on how you look at it): Darien, Old Greenwich, Riverside (Greenwich) and Westport. So, want to know where its just as difficult to Keep up with the Connecticuters as it is The Kardashians? Wilton is undoubtedly a wealthy community and one of the top ten richest in the state of Connecticut for 2022. Ridgefield offers something for everyone from great schools to recreation for the whole family. Youll find a community of 1,300 Wall Street execs and affiliates living in Old Greenwich, Connecticut. Check them out: What are the oldest towns in Connecticut? 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. Fairfield is also very safe and has low crime rates. With salaries like that, most residents are having no problem in keeping up with those monster mortgage re-payments. The unemployment rate is 3%, which beats the state average by 4.1%. The homes in Westport are primarily owner-occupied (85%) and only 15% rentals. Use Next and Previous buttons to navigate. 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. The average home value is $1,561,200, with 84% of the residents owning their own homes. Grace Duffield / Hearst Connecticut Media file photo Zip Data lists West Hartford as one of the 20 richest cities in the state. Darian will be the second wealthiest city in Connecticut in 2022. With a median household income of $129,919, it is home to approximately 25,033 people. New Cannan, CT Average household income: $200,203.00, 8. Its a socioeconomically Upper Middle-Class city with a median household income of $136,261. Being a coastal city, citizens have plenty of opportunities to spend their free time. There are also plenty of parks throughout the town including Waterside Park which offers a great view of Long Island Sound as well as tennis courts and playgrounds for children. West Hartford, CT Annual household income: $142,197, 14. To find out which Connecticut cities are doing the best and why we compared the most recent data from the U.S. Census Bureau to our own city-level income data to determine Americas richest cities. It has a population of 33,900 residents. Riverside, CT Annual household income: $215,791, 5. The median sales price is residential sales data for 12 month period ending January 2023. The average renter pays $2,336 per month. The schools are excellent and the town is beautiful, with tree-lined streets and old-fashioned townhouses. . 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. 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. Suburbs 101 confirms that Riverside is a wealthy suburb of the Town of Greenwich. According to Area Vibes, the cost of living in Westport is 82% higher than the Connecticut average. 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. 25 Wealthiest Towns in the New York Suburbs, What are the Highest Paying Jobs in New York? The average value of a home is just under $800,000, which is on par with the average household income. Wilton is also known as the village because of its quaint feel with many historic homes and buildings. 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. There are many things that families love about living in Wilton including its great school system, safe neighborhoods, and access to shopping centers. The unemployment and poverty rates are 7.9% and 8.5% respectively. Darian is on Long Island Sound and offers waterfront property for sale and for rent. Some haulers caught, Arming guidance counselors? The median home price in Essex was $651,000 in 2022. If you like close-knit communities with family-friendly vibes, well-respected schools, beautifully maintained parks, top-notch libraries, world-class restaurants, and a host of activities to get involved in (parades, festivals, pop up art exhibitions, shows the list goes on), then youre going to love New Canaan. Living there isnt cheap, though. Easton is a great place to raise a family because it has a good school system. The 10 Wealthiest Neighborhoods in San Francisco, median household income of nearly $243,750, The 10 Wealthiest Cities In North Carolina, median household income in Wilton is $204,473, population of just over 20,249 (2020) people, median home value in Easton is over $772,758, The 10 Richest Cities in Michigan Based on Median Income, The 10 Richest Neighborhoods in New York City, The 10 Wealthiest Cities in Georgia Based on Median Income, The 10 Wealthiest Cities in California Based on Median Income, The 10 Wealthiest Cities in Illinois Based on Median Income, The 10 Wealthiest Cities in Missouri Based on Median Income, The 10 Wealthiest Cities in North Carolina Based on Median Income, The 10 Wealthiest Cities in Maryland Based on Median Income. 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. Old Greenwich enjoys a low crime rate and excellent public schools. Its less ideal, however, if your bills are already bigger than your income. 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. Its located in Fairfield County under the 06896 zip code, sharing a border with Danbury and Georgetown. The town is also home to many hedge fund managers, bankers, and lawyers. The oldest towns in Connecticut are perfect places to visit for those who love learning about history. South Glastonbury, CT Annual household income: $135,596, 18. If you choose to rent an apartment, expect to pay an average of $1,866 monthly. Stamford is situated only 30 miles north of NYC, so it offers residents unparalleled access to the city. The unemployment and poverty rates are 7.9% and 8.5% respectively. The city is in Fairfield County, with Census Bureau statistics that list the racial majority as 89.61% white, with similar demographics in the public schools. Test performance scores in public schools are above average, slightly lower than in Ridgefield. Point 2 Point Homes advises that the small community of 8,779 people has an average household income of more than $200k per year. Source: US Internal Revenue Service - 2018. Its also very well educated, with over half of its residents having a college degree. 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. The next town on this list is Wilton. 83% of the residents have a bachelors degree or higher, and the unemployment rate is low. The demographics data shows that 88.37% of the residents are white, with 83.9% of the public schools showing a student population that is 83.9% white with excellent test performance scores. >> Click through to see how each CT spot ranked as well as each household income average. Darien The richest town in Connecticut is Darien, with a median household income of $251,200. If you live in, Fairfield County's Norwalk, CT is the third richest city in the Nutmeg State. The small community has a population of 7,586 residents. 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. With an average household income of $236,892 per year, it is one of the richest towns in the state. 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. Her works have been featured on Good Housekeeping,Next Luxury,Wanderlog,NurseJournal,NewsBreak,ThaiWare,and Yahoo. Riverside also offers residents a quick commute into NYC. The unemployment and poverty rates are 6.3% and 11.4% respectively. The financial news and opinion site 24/7 Wall St . As a sign of just how rich this coastal Connecticut city is, the median income is a massive $321,377. 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 average home value is $1,471,700. We also looked at things that make rich people happy: fellow neighbors with high median income levels, world class educational opportunities, low crime, and posh amenities. She finds almost all topics she writes about interesting, but her favorite subjects are travel and food. 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. Other factors influencing the ranking of this city included an unemployment rate of 6.6% and a poverty rate of 7.1%. The unemployment rate is 8.0% and the poverty rate is 8.9%. Avons diversity rate is better than most of its neighboring communities. The average commute time from home to work is 31 minutes. 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. Known for its luxury waterfront homes, Old Greenwich has a median sales price of $2,063,000. The most affluent settled in the area to enjoy its beautiful beaches and other luxury amenities. Hoping for a glimpse at some of those gorgeous views for which this town is known? Richest Places in Connecticut Bottom Line, Best First Time Home Buyer Programs & Grants in NYC. This affluent community is the home of 18,410 residents with an average age of 45 years, with slightly more females than males. Want to learn more about Riverside? If youre curious enough, here are the poorest cities in Connecticut, according to data: Poorest: Hartford2nd Poorest: Bridgeport3rd Poorest: Waterbury. On this Wikipedia the language links are at the top of the page across from the article title. There are plenty of shopping and fine dining venues in Riverside. The result? 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 ( / kntkt / ( listen)) [10] is the southernmost state in the New England region of the Northeastern United States. The downtown area is quaint and charming with plenty of restaurants, shops, and entertainment options. What is it like to live in Greenwich, CT. Weston residents live a good work-life balance with an average commute time of 42 minutes. Living in West Hartford is not cheap, but the perks are worth the cost with its safe neighborhoods, upscale shopping and dining venues, and more. The town has a thriving arts community and many of its residents are involved in local government or volunteer activities. Wilton has impressive parks and rec programs to provide residents with many green areas to enjoy public events or family picnics. 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. Connecticut is home to some of the wealthiest people in America. What is it like to live in Greenwich, CT? With a median household income of $1,471,700, this is no place for people on a shoestring budget. 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? If more people are employed, the richer the future looks. 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. Its also one of the most expensive places to live in the country, with a median home price of over $1.5 million. How Much Are Closing Costs in Texas & Who Pays Them. Numerous tech billionaires have called the town home, including Googles Eric Schmidt, Facebooks Sheryl Sandberg and Microsofts late co-founder Paul Allen.". Old Greenwich Profile Page with Infographics. We love the detailed statistics that give us a clear snapshot of the socioeconomic dynamics of the city. The median home value is steep at $1,382,800 for 2022. If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already. If you can swallow up those property prices, theres a good chance youll be rewarded with an income in the region of $222,535. After all, rich people have really high salaries. Southport has a long history as a summer resort and residential community. Four Connecticut towns made the top 50 list (well, three. Only 4% of the homes in the community are available for rent. Old Greenwich residents are well educated with 80% of residents have obtained a bachelors degree or higher. Unfortunately, however, there can be only one Connecticut place thats worthy of the HomeSnacks crown. Related: The 10 Wealthiest Cities In California. The median income is $80,896. 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. Dana has extensive professional writing experience including technical and report writing, informational articles, persuasive articles, contrast and comparison, grant applications, and advertisement.