richest towns in connecticut

It is also one of the most diverse towns in the state, with over 50% of its residents being foreign-born. Despite its high per capita income, Connecticut is mainly a middle-class state. Married families in Ridgefield average an annual household income of 182,679, but the average is over $206k. Lidia has more than 10 years experience in news and digital media and holds a degree in journalism from the University of Connecticut. If you want to live in Darian, youd better start saving. Fairfield County towns have made yet another list of the richest places in the U.S. The Gold Coast, also known as Lower Fairfield County or Southwestern Connecticut not limited to the Connecticut panhandle, . Most residents have at least a bachelors degree or higher and drive an average of 42 minutes to get to work. It's also very well educated, with over half of its residents having a college degree. Its also home to some of the most expensive homes in the state. The 10 Richest Cities In Connecticut For 2023 - HomeSnacks The median home value is $766,900, making it more affordable than some other affluent communities. 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. If youre thinking about moving to Austin and youre single without a family or spouse, you might find some neighborhoods, Read More The 10 Best Places to Live in Austin for SinglesContinue. What are the most charming small towns in Connecticut? Its also home to the states only national historic site, Weir Farm. All rights reserved. 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. Wilton has impressive parks and rec programs to provide residents with many green areas to enjoy public events or family picnics. Connecticut is home to some of the wealthiest people in America. Darian is on Long Island Sound and offers waterfront property for sale and for rent. The schools also have state-of-the-art technology such as iPads and Smart Boards so students can learn in new ways. Wealthiest Towns in CT Final - Suburbs 101. It's also one of the most expensive places to live in the country, with a median home price of over $1.5 million. Its also far below the national average rate of 3.9%. The average home value is $1,561,200, with 84% of the residents owning their own homes. The median sales price is residential sales data for 12 month period ending January 2023. With a median household income of $129,919, it is home to approximately 25,033 people. Fairfield. America's wealthiest people are starting to move into smaller cities, a new wealth report says. You catch that vibe when you visit New Canaan, but its not cheap to live there. 20% of the residents pay rent, with 80% owning their homes. 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. What determines the overall wealth of a city? Gold Coast (Connecticut) - Wikipedia Its a socioeconomically Upper Middle-Class city with a median household income of $136,261. The towns population is under 21,742 people, yet it is home to at least seven country clubs and three golf courses. Connecticut towns make Bloomberg list of richest places I Spent a Day in One of America's Richest Cities: Greenwich, CT The median house price in Westport is approximately $1.5 million. The average income per family is $130,268, and home prices range anywhere between $500,000 to $2 million. West Simsbury, CT Annual household income: $109,590, 19. It has a population of 27,141. All in all, Riverside is a town that offers a great quality of life to its citizens. The average family home retails for a massive $611,500, almost three times the . Redding is one of the wealthiest towns in CT. Its a small upscale community with a population of 8,765. Redding has a median home sales price of $1,030,000 and a median household income of $138,125. Education Levels So, want to know where its just as difficult to Keep up with the Connecticuters as it is The Kardashians? The unemployment rate is 7.3% while the poverty rate is higher at 11.2%. When you click through real estate links on our site, we earn an affiliate commission. 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! Cos Cob is one of the wealthiest communities in Connecticut with a median home sales price of $1,312,000. Darian If you want to live in Darian, you'd better start saving. Only 15% of the residents rent because most people there are homeowners. Dariens median home value is $1,654,00. If youre curious enough, here are the poorest cities in Connecticut, according to data: Poorest: Hartford2nd Poorest: Bridgeport3rd Poorest: Waterbury. Well, HomeSnacks crunched the numbers and discovered that Stamford is the most expensive place to live in Connecticut. Darien residents live a good work-life balance with an average commute time of 39 minutes. the average home value is $1,471,700. Another one of the richest towns in Connecticut is Weston. The median income is $80,896. Its also one of the wealthiest towns in Connecticut, with a median annual income per family of $180,057. Old Greenwich residents are well educated with 80% of residents have obtained a bachelors degree or higher. The town is also home to many hedge fund managers, bankers, and lawyers. Southport has a long history as a summer resort and residential community. According to Area Vibes, the cost of living in Westport is 82% higher than the Connecticut average. 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. Essex is another one of the richest towns in Connecticut. 4 CT towns make list of 100 richest towns in America - News 12 Networks 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. Atherton, CA topped the list. 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. The unemployment rate, as of 2022, is 3.3%, far lower than the state unemployment rate of 4.1%. With an average family income of $209,635 and a population of 18,460 inhabitants, Wilton is a relatively wealthy town. Chris Kolmar has been in the real estate business for almost ten years now. Known for its luxury waterfront homes, Old Greenwich has a median sales price of $2,063,000. Middletown, a riverside city south of Hartford, takes the 6th place spot with a median income of $63,828. The homes in Darien are primarily owner-occupied (87%) with only 13% rentals. Most websites that report demographics for Connecticut list Darian, as the richest city in the state, but World Population confirms that Southport jumped into the number one spot with an incredible average household income of $310,831. The Census ranks individual city wealth by a formula that averages the household incomes, including the adjusted gross income and the average household income. The local school system is also amongst the best in the state. (Infographs), What are the Highest Paying Jobs in New Jersey? Ridgefield offers something for everyone from great schools to recreation for the whole family. 96% of the residents are homeowners with a median home value of $868,200. Its also one of the most expensive places to live in the country, with a median home price of over $1.5 million. Want to learn more about Westport? Riverside Profile Page with Infographics. With a median household income of $1,471,700, this is no place for people on a shoestring budget. 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. 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. 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. The Easton School District offers many different programs including art, music, and sports. Get more stories delivered right to your email. Old Greenwich Annual household income: $222,794, 2. Most of the residents are of white ethnicity, with only 6.1% of students in the public schools eligible for free or reduced lunch. With an average household income of $236,892 per year, it is one of the richest towns 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. Newtown Borough is being credited as the richest town in the state of Connecticut. Grace Duffield / Hearst Connecticut Media file photo The median income in this city is $81,634. In Old Greenwich, homes are primarily owner-occupied (84%) and only 16% of homes in Old Greenwich are rentals. As a sign of just how rich this coastal Connecticut city is, the median income is a massive $321,377. Gov. Greenwich had a median household income of $180,484 in 2021 and is known as one of the richest cities in America.

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