Unfortunately, however, there can be only one Connecticut place thats worthy of the HomeSnacks crown. 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". They found this lovely old city during the Covid-19 pandemic and relocated for a safer and serene place to live. 4.2% of public school students are eligible for free or reduced lunch, and test performance in the public schools for Redding is excellent. 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. According to the report, the four towns are Darien, Old Greenwich, Riverside, and . 25 Wealthiest Towns in the New York Suburbs, What are the Highest Paying Jobs in New York? It is also one of the most expensive places to live in the country, with a median home value of $1,051,014. Besides these, Colorado has ongoing employment opportunities in aviation,, Read More The 10 Cheapest Places to Live in ColoradoContinue. Woodbridge, CT Annual household income: $205,541, 7. Southport isnt the kind of city where keeping up with the neighbors comes cheaply. Westport was third in the state, and no. School test performance scores are above average, and 9.2% of students are eligible for free or reduced lunches at school. In a city with a population of 52,005, the median income came in at $81,971. 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 Home to some of the most affluent residents in Connecticut, Westport has a median household income of $206,466. Despite its small size, it is home to 18,932 people. 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. Wilton is surrounded by nature, offering many activities that are perfect for children and encouraging a healthy lifestyle. The rankings are based on income and home value. And if you have some time on your hands, take a look at how the other 99% live in Connecticuts poorest places. Some work at private companies and governmental institutions. The town has over 120 acres of open space and over 1,000 acres of parkland. Riverside also offers residents a quick commute into NYC. The village also includes a historic mill complex and dam. Westport is one of the wealthiest towns in Connecticut. The median household income in New Canaan is $214,977. Riverside Profile Page with Infographics. Avon, CT Annual household income: $187,080, 10. Cos Cob is one of the wealthiest communities in Connecticut with a median home sales price of $1,312,000. Well, HomeSnacks crunched the numbers and discovered that Stamford is the most expensive place to live in Connecticut. 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). That ratio steadily has been. Almost 6,300 communities met the criteria, which includes approximately 75% of total households in the U.S.". Let's go! Dana has extensive professional writing experience including technical and report writing, informational articles, persuasive articles, contrast and comparison, grant applications, and advertisement. The greatest investment during 2015 has been in the alternative accommodations, Read More Where $100 million in Vacation Rental Startups is GoingContinue, Colorado is an incredible state to stay in if you are looking for a place with amazing weather, plenty of food, sports, cultural, and outdoor activities. Liz loves the process of researching information, learning new things, and putting into words . Darien residents live a good work-life balance with an average commute time of 39 minutes. It's also one of the most expensive places to live in the country, with a median home price of over $1.5 million. With a median household income of $1,471,700, this is no place for people on a shoestring budget. Only 16 states were represented in the top 100. Its safe, with a low crime rate. Redding, CT Annual household income: $140,995, 15. 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. In fairness, the high prices arent unjustified. The 2010 Census revealed a growth from 6.751 residents to 7,150, showing that the town is gaining its population base. Fairfield. 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. Southport has a long history as a summer resort and residential community. 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. The downtown area is quaint and charming with plenty of restaurants, shops, and entertainment options. 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! As at 2019, Connecticut had a per capita income of $44,496. Weston has been named one of the best places to live by Money Magazine, and it has consistently been ranked as one of the safest towns in Connecticut. 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. The average adjusted gross income is $222,660. The town is home to many Fortune 500 companies such as General Electric and Terex Corporation. The high demand is getting harder to find places for sale. Name Census collected information for the past five years and breaks the average income levels by age group. 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. 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. We analyzed 21 places in Connecticut to determine where the 1% live. However, the average house prices range from $1,5 million to $3 million. (Infographs), What are the Highest Paying Jobs in New Jersey? Its among the top ten. In addition to having a high income, Wilton residents also have a very low poverty rate at just 2.4%. 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. The schools also have state-of-the-art technology such as iPads and Smart Boards so students can learn in new ways. The unemployment and poverty rates are 6.3% and 11.4% respectively. Easton, CT Annual household income: $166,875, 13. 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. To see the other wealthy places that made this list, take a look below. Unfortunately, however, there can be only one Connecticut place that's worthy of the HomeSnacks crown. South Glastonburys Census results show a total of 2038 households in the town. Related: The 10 Wealthiest Cities In California. Home to some of the most affluent residents of Connecticut, Darien has a median household income of $232,523. Some haulers caught, Arming guidance counselors? HomeSnacks is reader-supported. Whenever any publication compiles a list of Americas richest cities, theres one name you can always count on seeing Old Greenwich. 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. 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. As the name implies, Southport is a port city that is situated on the coast. Only 15% of the residents rent because most people there are homeowners. United States locations by per capita income, List of Connecticut locations by per capita income, United States counties by per capita income, "U.S. Census Bureau QuickFacts: Connecticut", "SELECTED ECONOMIC CHARACTERISTICS 2011-2015 American Community Survey 5-Year Estimates", "Profile of General Population and Housing Characteristics: 2010 Demographic Profile Data", U.S. states and territories by per capita income, List of United States counties by per capita income, Highest-income counties in the United States, Highest-income metropolitan statistical areas in the United States, Highest-income urban areas in the United States, Highest-income ZCTAs in the United States, Lowest-income counties in the United States, https://en.wikipedia.org/w/index.php?title=List_of_Connecticut_locations_by_per_capita_income&oldid=1133314595, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 13 January 2023, at 05:01. 20 Cities with the Worst Weather in the U.S. How Eiza Gonzalez Achieved a Net Worth of $5 Million. And that makes living in the state expensive. Lidia Ryan is the managing editor of trending and features for Hearst Connecticut Media Group and is part of the digital team. You'll receive your first newsletter soon! Its a great place to raise kids, with top-rated schools and safe streets. Andreas Halvorsen - Net Worth: $6.3 Billion Andreas Halvorsen is a Norwegian billionaire businessman whose net worth of $6.3 billion makes him the 6th richest person in Connecticut. Keep reading. There are many factors that go into determining how rich or poor an area in Connecticut is, and the typical residents income can vary greatly from one place to another. It has an average household income of $234,152 and 6,611 residents. Its an Upper-Middle-Class town with a median household income of just under $141K. 6. 91.82% of the Population is white, with 87.8% white students in the public school system. Actual ranking depends on what metrics are used, but in general, Connecticut ranks within the five wealthiest states in the country. You can learn more about the top ten below or skip to the end to see the rankings for all 21 places. Ned Lamont and General Assembly leaders to to focus on offsetting a potential property tax Armageddon. 87% of the residents own their homes, and just 13% rent. Save my name, email, and website in this browser for the next time I comment. What makes some cities more prosperous than others? An average home value of just a little under $800,000 might seem like a fortune to most of us, but to the residents of Wilton, its little more than small change, at least if the median income of $193,292 is anything to go by. Riverside residents live a good work-life balance with an average commute time of 37 minutes. 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. Its come a long way in the past 10 years since the last Census. 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. However, if you want to experience a slower rhythm of life in one of the richest towns in Connecticut, youll need to be prepared to pay up, as home prices are costly. Greenwich is synonymous with luxury real estate and wealth. The average home value is $466,000, making it one of the more affordable rich neighborhoods to buy a house. 83% of the residents have a bachelors degree or higher, and the unemployment rate is low. 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! The median household income in Riverside is $250,000, and most homes sell for over $2.5 million. Newtown Borough is being credited as the richest town in the state of Connecticut. Greenwich is another of the wealthiest towns in Connecticut. Also in Fairfield County, the waterfront city of Stamford is ranked 4th on the list. Certainly enough time to go to the beach after work for a picnic dinner by the water! Stamford is a city in Fairfield County with a population of 14,499. Old Greenwich residents are well educated with 80% of residents have obtained a bachelors degree or higher. Source: US Internal Revenue Service - 2018. 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. Greenwich residents are well-educated, with 70.6% having completed at least a bachelors degree. If you want to live in Darian, youd better start saving. It is a very safe town surrounded by greenery. 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. . The first thing that comes to most peoples minds when they think about determining the richest places is to simply identify personal incomes.
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