Above is a fundraiser at the famous Glass House in New Canaan. Check them out: What are the oldest towns in Connecticut? Actual ranking depends on what metrics are used, but in general, Connecticut ranks within the five wealthiest states in the country. Editors Note: Data has been updated for 2023. Richest Places in Connecticut Bottom Line, Best First Time Home Buyer Programs & Grants in NYC. This site uses Akismet to reduce spam. List of 25 Wealthiest Zipcodes in Connecticut; Rank Map Key Zipcode Zip Name County Adjusted Gross Income Median Household Income; 1: 06878: Riverside: Fairfield: $740130: Research has shown that the climate of a location does have an impact on persons with moderate, Read More The 20 Worst Places to Live if you Have Arthritis in The U.S.Continue, If your dream is to live or explore in the wealthiest neighborhoods, California is the state for you. The average value of a home is just under $800,000, which is on par with the average household income. The Population is 27,141, with an average rent of $2,724 if youre not a homeowner. Darian is on Long Island Sound and offers waterfront property for sale and for rent. 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! According to the most recent data, the number of people living in Ridgefield has decreased by 0.7% since 2020. Shelton places in the number two spot with a median income of $87,277. The unemployment rate in this city is 10% and the poverty rate is 9.6%. With a population of 63,518, Greenwich is an upscale community with a median household income of $180,44. There are also many beautiful parks and green spaces throughout town. Weston, CT Annual household income: 222,535, 3. In 2018, the average household income in its Old Greenwich. If you're looking for a fun day trip, you will really enjoy, The city of Bristol with a population of 60,437 is ranked number seven. The median home value is steep at $1,382,800 for 2022. What is it like to live in Greenwich, CT. Easton, CT Annual household income: $166,875, 13. Theres usually something going on for recreation and entertainment in the town and surrounding areas. 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. The median home value in Easton is over $772,758 making it one of the most expensive places to live in Connecticut. California was the most represented with 23 cities and towns making the list. The largest city in Litchfield County, Torrington, grabs the number eight spot. The average family home retails for a massive $611,500, almost three times the national average. The average commute time for workers is 26.5 minutes, suggesting plenty of local jobs in the citys economy. 78% of them have at least a bachelors degree. The unemployment rate is 8.0% and the poverty rate is 8.9%. Liz Flynn has worked as a full-time writer since 2010 after leaving a career in education. And if you have some time on your hands, take a look at how the other 99% live in Connecticuts poorest places. This is a carousel. 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 town center village is listed as a historic district on the National Register of Historic Places. A rain garden is an area dug slightly below the surrounding area that can catch and collect rainfall and keep it from carrying pollutants downstream. 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. The median sales price of homes in Weston is $1,225,000 with 96% of homes owner-occupied and only 4% of homes being rentals. After all, rich people have really high salaries. Read More The 20 Safest Places To Live in TennesseeContinue, If you dont know what a HELOC is, dont feel stupid. Home to some of the most affluent residents of Connecticut, Weston has a median household income of $222,535. 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. Most of the townspeople hold bachelors degrees or higher. Want to know where Connecticuts 17 billionaires and 122,000 millionaires live? So we looked at this set of criteria from the newly released 2017-2021 American Community Survey: Median household income is the most digestible way to understand how rich a place really is. However, it is true that overall, the Nutmeg State is richer than most. Want to learn more about Old Greenwich? 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. Its the place where many believe this country originated, being home to the historic city of Plymouth. Look here. Learn how your comment data is processed. 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. Visit Bloomberg for the full report. There is a good reason that Norwalk was listed as one of the best places to live in America. The first European settlement was established there in, Read More The 20 Best Places to Live in MassachusettsContinue, Already in the first quarter of 2016, vacation rental startup companies have attracted almost $100 million in investments across the United States and Europe. Home prices in town are also high, ranging from $500,000 to $4,000,000. 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. Its a city of high-earners who live the high life enjoying their private yacht and country clubs, with access to the citys pristine beaches. The median household income in Riverside is $250,000, and most homes sell for over $2.5 million. The town is full of greenery and offers residents a tranquil vibe. Also in Fairfield County, the waterfront city of Stamford is ranked 4th on the list. Map of 25 Wealthiest Zipcodes in Connecticut Based on Average Adjusted Gross Income. It has an average household income of $234,152 and 6,611 residents. A Bloomberg report is out on the 100 richest towns in America, and four towns in Connecticut made the list. The town has a high concentration of people from New York City who commute to work here by train or car. Weston Profile Page with Infographics. 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. 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. When Does a Seller Get Their Money After Closing on a House? Darian will be the second wealthiest city in Connecticut in 2022. To see the other wealthy places that made this list, take a look below. Want to learn more about Darien? Certainly enough time to go to the beach after work for a picnic dinner by the water! Want to learn more about Weston? 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. People love to enjoy life and share it with family, friends, and neighbors. Old Greenwich enjoys a low crime rate and excellent public schools. The village also includes a historic mill complex and dam. The schools are among the best in the state, making them the ideal place to raise a family. A median income that sits at a mammoth $352,839. HomeSnacks is reader-supported. New Canaan has a small-town feel with big-city amenities. What determines the overall wealth of a city? Wealthiest Towns in CT Final - Suburbs 101. The 20 Worst Places to Live if you Have Arthritis in The U.S. Love Connecticut? They found this lovely old city during the Covid-19 pandemic and relocated for a safer and serene place to live. Well, HomeSnacks crunched the numbers and discovered that Stamford is the most expensive place to live in Connecticut. 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. 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. Learn how your comment data is processed. Fairfield is a moderate-sized city in Fairfield County. 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. The Easton School District offers many different programs including art, music, and sports. Considering Connecticut isnt the cheapest state in the US to start with, that alone should give you some idea of just how rich this little city is. Its also far below the national average rate of 3.9%. Redding has a median home sales price of $1,030,000 and a median household income of $138,125. This time the list is from Bloomberg. 9. Get more stories delivered right to your email. Darien The richest town in Connecticut is Darien, with a median household income of $251,200. The unemployment rate is slightly higher at 3.6%, with the average commute time for workers at 31.3 minutes. New Canaan is one of the wealthiest towns and among the best places to live in Connecticut. Most of the residents have gainful employment with high-paying jobs. California was the most represented with 23 cities and towns making the list. It's also very well educated, with over half of its residents having a college degree. In fairness, the high prices arent unjustified. If more people are employed, the richer the future looks. 45.7% of the children in public schools are eligible for free or reduced lunch programs. Want to learn more about Riverside? If you can afford a mortgage, its the better way to go in Fairfield. The median income is $80,896. The average commute time from home to work is 31 minutes. 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. The most affluent settled in the area to enjoy its beautiful beaches and other luxury amenities. Most of the properties in Riverside are primarily owner-occupied (80%) with only 20% rentals. 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 over 120 acres of open space and over 1,000 acres of parkland. Connecticut is home to some of the wealthiest people in America. The 20 most affluent places, based on places with available data, all had household incomes above $485,000. The average income per family is $130,268, and home prices range anywhere between $500,000 to $2 million. 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. We suspect that the recent pandemic took a toll on residents who lost their jobs, with some forced to relocate for more affordable housing. Riverside is one of the wealthiest communities in Connecticut. 20 Cities with the Worst Weather in the U.S. How Eiza Gonzalez Achieved a Net Worth of $5 Million. 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 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. Use Next and Previous buttons to navigate. You can learn more about the top ten below or skip to the end to see the rankings for all 21 places. 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. 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. The downtown area is quaint and charming with plenty of restaurants, shops, and entertainment options. Riverside is home to some of the most affluent residents of Connecticut with a median household income of $215,791. If you want to live in Darian, youd better start saving. It has a population of 27,141. Riverside residents live a good work-life balance with an average commute time of 37 minutes. Stamford, CT Annual household income: $152,102, 11. 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? The second wealthiest town in Connecticut is Riverside. 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. OnlyInYourState may earn compensation through affiliate links in this article. Middletown, a riverside city south of Hartford, takes the 6th place spot with a median income of $63,828. The unemployment rate, as of 2022, is 3.3%, far lower than the state unemployment rate of 4.1%. Related: The 10 Wealthiest Neighborhoods in San Francisco. Fairfield County town is one of the most desirable places to live if you have the financial means. As of the 2020 census, the population was 1,710. What are the most charming small towns in Connecticut? It also has a number of highly rated public and private schools, which can be a major plus for families with children. How Much Are Closing Costs in Texas & Who Pays Them. It's also home to the state's only national historic site, Weir Farm. Cos Cob is one of the wealthiest communities in Connecticut with a median home sales price of $1,312,000. Despite its high per capita income, Connecticut is mainly a middle-class state. 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. Fairfield County is very close to New York City. 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