The median household income is just over $190K per year. Map of 25 Wealthiest Zipcodes in Connecticut Based on Average Adjusted Gross Income. 20% of the residents pay rent, with 80% owning their homes. The schools are excellent and the town is beautiful, with tree-lined streets and old-fashioned townhouses. Easton has excellent schools both public and private schools are available. This year we asked our panel of experts to give some extra love to those restaurants where amore is on Nathan Spotts/Lauren Kinkade / Contributed Photo, Tyler Sizemore / Hearst Connecticut Media, Photos courtesy of William Pitt Sotheby's International Realty, H John Voorhees III / Hearst Connecticut Media, 2023 Hearst Media Services Connecticut, LLC, Just Salad restaurant celebrating grand opening in Fairfield, CTs Beardsley Bart makes his annual Groundhog Day prediction, Penny's Diner closes its Fairfield location after 40 years, Ppin, Sarandon talk food, joy of Rice Krispies at live CT show, New soul food restaurant, Everybody Eatz, opens in Bridgeport, Fairfield fried chicken restaurant Lovebird closes, CT Girl Scouts try to publish climate book after DiCaprio tweet, 29 Markle Ct, an upscale new American restaurant, now open, Carl Anthony Trattoria in Monroe relocating after 25 years, Manna Toast in Westport announces closing by year's end. While the income number is higher than that of Milford, the higher unemployment rate of 7.9% gives this city a solid second place. 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. Many of these towns are wonderful places to live due to their incredible verdant spaces and proximity to the city and ocean. 25 Wealthiest Towns in the New York Suburbs, What are the Highest Paying Jobs in New York? 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. Essex is another one of the richest towns in Connecticut. There is a good reason that Norwalk was listed as one of the best places to live in America. The poverty rate is remarkably low at 1.12%, with median rent at $1,832 per month. The remaining six wealthy Connecticut communities, all in Greenwich, in order are. Fairfield County is very close to New York City. The median home value in Easton is over $772,758 making it one of the most expensive places to live in Connecticut. It has a population of 27,141. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks. 22 overall, with average household income at $270,222. Greenwich residents are well-educated, with 70.6% having completed at least a bachelors degree. Liz Flynn has worked as a full-time writer since 2010 after leaving a career in education. On the plus side, the median income of $190,227 is equally jaw-dropping. Wilton is also known as the village because of its quaint feel with many historic homes and buildings. The unemployment rate is 7.3% while the poverty rate is higher at 11.2%. Another one of the richest towns in Connecticut is Weston. Ridgefield, CT Annual household income: $206,560, 6. OnlyInYourState may earn compensation through affiliate links in this article. Chris Kolmar has been in the real estate business for almost ten years now. Stamford Wikipedia/John Isn't it grand to see Granby here in the top ten safest places in Connecticut. The town is home to many Fortune 500 companies such as General Electric and Terex Corporation. 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! The average home value is $650,400. Head out on a fun getaway to these spots: Thank you! Related: The 10 Wealthiest Cities In Missouri. The communities in this city are close, and they love to sponsor community events for the residents and visitors. 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. 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. Most Expensively 2023. When you look at the data, the cities and places mentioned above meet the criteria for being at the very top of the income ladder for everyone that lives there. California was the most represented with 23 cities and towns making the list. 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. 91.82% of the Population is white, with 87.8% white students in the public school system. 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. 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. Liz loves the process of researching information, learning new things, and putting into words . The unemployment rate, as of 2022, is 3.3%, far lower than the state unemployment rate of 4.1%. Old Greenwich has a population of 6,962 and a median household income of $222,794. The median household income at Cos Cob is $138,125. 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. Wilton is surrounded by nature, offering many activities that are perfect for children and encouraging a healthy lifestyle. The median house price in Westport is approximately $1.5 million. 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. 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. Its come a long way in the past 10 years since the last Census. The city deserves its spot on the list as its well above the average US income. Darien has a population of 21,499. Cos Cob is one of the wealthiest communities in Connecticut with a median home sales price of $1,312,000. 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. Want to learn more about Westport? Located in Fairfield County, Darien residents have it all- pristine beaches, private Country Clubs and Yacht clubs, a charming downtown, and an easy train ride to NYC. The city has magnificent homes with long driveways accessible through winding country roads and beautiful landscapes. 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. Its a peaceful town thats a great place for people who want to get away from hectic city life and enjoy nature. Its among the top ten. Southport isnt the kind of city where keeping up with the neighbors comes cheaply. Wilton is undoubtedly a wealthy community and one of the top ten richest in the state of Connecticut for 2022. With a median household income of $129,919, it is home to approximately 25,033 people. 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. The average household income umped over $20k, but the cost of housing has also risen in this desirable community. Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. Riverside is one of the wealthiest communities in Connecticut. Although the town is small, youll find plenty of recreational venues, cafes, restaurants, and shops. Want to learn more about Old Greenwich? The town is partly in Hartford County, with some areas in Middlesex County. With 733 . In a city with a population of 52,005, the median income came in at $81,971. $55,137 is the median income in this city while the unemployment and poverty rates are 7.5% and 13.4% respectively. The unemployment rate is slightly higher at 3.6%, with the average commute time for workers at 31.3 minutes. They found this lovely old city during the Covid-19 pandemic and relocated for a safer and serene place to live. The town has the highest percentage of residents who are wealthy, at about 30 percent. What are the richest towns in Connecticut? The town is also home to many hedge fund managers, bankers, and lawyers. Home to some of the most affluent residents of Connecticut, Weston has a median household income of $222,535. In fairness, the high prices arent unjustified. Woodbridge is another Connecticut hamlet passed over by statisticians pointing out the most affluent cities in Connecticut. It is a picture-perfect neighborhood in the Town of Greenwich with beaches, highly rated schools, and an easy train ride to NYC. COS COB, CT Annual household income: $136,261, 17. Despite its small size, it is home to 18,932 people. With a median income of $59,522, Naugatuck took ninth place. The town has a thriving arts community and many of its residents are involved in local government or volunteer activities. The average adjusted gross income is $222,660. Connecticut is home to some of the wealthiest people in America. The average home price in town is $780,000. Westport is a very desirable place to live as it ranks highly for safety. However, test score performance in the public school system gets a poor ranking. Its also known for its rich history and is listed on the National Register of Historic Places as Woodbridge Green Historic District. Shelton places in the number two spot with a median income of $87,277. With a population of 63,518, Greenwich is an upscale community with a median household income of $180,44. (Infographic), What are the Highest Paying Jobs in Connecticut? 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. Newtown Borough is being credited as the richest town in the state of Connecticut. The beautiful neighborhood is small, just 6,962, after the influx of rich business professionals. The third on the list is Westport. Redding, CT Annual household income: $140,995, 15. CT proposal causes confusion, concern. Ridgefield offers something for everyone from great schools to recreation for the whole family. The homes in Darien are primarily owner-occupied (87%) with only 13% rentals. The next richest town in Connecticut is Ridgefield. Southports location near New York City also makes it attractive for commuters working there. This time the list is from Bloomberg. Its capital is Hartford, and its most populous city is Bridgeport. Actual ranking depends on what metrics are used, but in general, Connecticut ranks within the five wealthiest states in the country. Almost 6,300 communities met the criteria, which includes approximately 75% of total households in the U.S.". The town is also known for having excellent public schools. The city has grown over the past decade, increasing from 8,223 residents to 9,110. After all, rich people have really high salaries. COS COB is a Fairfield county city that extends to the border of the Stamford city limits. 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". The unemployment rate in this city is 10% and the poverty rate is 9.6%. You can download the data here. It has an average household income of $234,152 and 6,611 residents. It is a charming seaside neighborhood that is in the Town of Greenwich with waterfront homes and private beaches. 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. Redding has a median home sales price of $1,030,000 and a median household income of $138,125. Some work at private companies and governmental institutions. When Does a Seller Get Their Money After Closing on a House? The state is home to 91 of the US 100 most affluent zip codes. The average household income in Woodbridge is $96,919, and the median home price is $595,000. Westport residents live a good work-life balance with an average commute time of 44 minutes. 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. Riverside residents live a good work-life balance with an average commute time of 37 minutes. 87% of the residents own their homes, and just 13% rent. Want to learn more about Darien? Theres usually something going on for recreation and entertainment in the town and surrounding areas. Learn more about the Homesnacks methods that were used to collect the data and how the statistics were calculated. According to Area Vibes, the cost of living in Westport is 82% higher than the Connecticut average. Dana has extensive professional writing experience including technical and report writing, informational articles, persuasive articles, contrast and comparison, grant applications, and advertisement. From Hedge Fund Executives to High Profile Athletes, these wealthy Americans call Connecticut their home. (Infographs), What are the Highest Paying Jobs in New Jersey? The Population is 8,843 in this close-knit community. The town has over 120 acres of open space and over 1,000 acres of parkland. 96% of the residents are homeowners with a median home value of $868,200. 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. If you want to live in Darian, youd better start saving. You can find out more about him on LinkedIn or his website. The next town on this list is Wilton. Wilton is undoubtedly a wealthy community and one of the top ten richest in the state of Connecticut for 2022. Fairfield is one of the richest towns and among the best places to live in Connecticut. Just 16% of the homes are rentals. The states median household income is $79,043, which means that half of all households in the state earn above this amount and half earn below it. 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. The Population is 27,141, with an average rent of $2,724 if youre not a homeowner. The unemployment rate is low compared to the state average, and commuters spend an average of 44 minutes driving to work. Located in Fairfield County, Westport is an affluent town with beaches, private Country Clubs, and Yacht Clubs. People who suffer from the pain and discomfort of arthritis can improve their symptoms by avoiding certain climates. Most residents have at least a bachelors degree or higher and drive an average of 42 minutes to get to work. 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. What makes some cities more prosperous than others? 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. Learn how your comment data is processed. A Bloomberg report is out on the 100 richest towns in America, and four towns in Connecticut made the list. Connecticut ( / kntkt / ( listen)) [10] is the southernmost state in the New England region of the Northeastern United States. To see the other wealthy places that made this list, take a look below. Located in Fairfield County, Westport is an affluent town with beaches, private Country Clubs, and Yacht Clubs. . The average home value is $1,150,400. The streets are safe, and the schools are highly rated. Milford grabbed the top place in this list of richest cities. 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. Ranks #10 in Cheapest Places To Live In Connecticut Map Of Milford, CT Best Places Around Milford 1 Mount Sinai, NY Population 10,446 2 Sound Beach, NY Population 7,080 3 Port Jefferson, NY Population 8,016 4 Orange, CT Population 13,928 5 North Haven, CT Population 23,665 6 Shelton, CT Population 41,162 7 East Haven, CT Population 28,645 8 Middletown, a riverside city south of Hartford, takes the 6th place spot with a median income of $63,828. 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. Connecticut is one of the wealthiest states in the US. 10. The 20 Worst Places to Live if you Have Arthritis in The U.S. 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. California was the most represented with 23 cities and towns making the list. 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. 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. If you choose to rent an apartment, expect to pay an average of $1,866 monthly. Its an Upper-Middle-Class town with a median household income of just under $141K. Its also home to some of the most expensive homes in the state. 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. 1. Living in New Canaan is like being surrounded by family. Darien is a small town on Connecticut's gold coast that is home to approximately 6,759 people. Old Greenwich Profile Page with Infographics. 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. Other areas of wealth in the state include suburbs surrounding New Haven and Hartford, as well as pockets of Litchfield County. Learn how your comment data is processed. [1] All data is from the 2010 United States Census and the 2011-2015 American Community Survey 5-Year Estimates.[2][3]. This is our tenth time ranking the richest cities in Connecticut. Westport, CT Annual household income: $222,535, 4. Old Greenwich is home to some of the wealthiest Connecticut residents. The village also includes a historic mill complex and dam. The climate is better for persons with allergies, asthma, and other respiratory conditions. The majority are white-collar workers, just 4.96% in the blue-collar classification. The average value of a home is just under $800,000, which is on par with the average household income. 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. The 20 most affluent places, based on places with available data, all had household incomes above $485,000. What is it like to live in Greenwich, CT? The Easton School District offers many different programs including art, music, and sports.