Woodbridge is another Connecticut hamlet passed over by statisticians pointing out the most affluent cities in Connecticut. Save my name, email, and website in this browser for the next time I comment. The unemployment and poverty rates are 6.3% and 11.4% respectively. Want to learn more about Riverside? 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. The Population for 2020 was 1,797, but it has grown to 1,839 for 2022. We love the detailed statistics that give us a clear snapshot of the socioeconomic dynamics of the city. The second wealthiest town in Connecticut is Riverside. In terms of per capita income, Connecticut is the richest state in the United States of America. Avons diversity rate is better than most of its neighboring communities. Theres usually something going on for recreation and entertainment in the town and surrounding areas. 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. The town has attracted the rich and famous . 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 2010 Census revealed a growth from 6.751 residents to 7,150, showing that the town is gaining its population base. Located in Fairfield County, Westport is an affluent town with beaches, private Country Clubs, and Yacht Clubs. Lidia has more than 10 years experience in news and digital media and holds a degree in journalism from the University of Connecticut. Fairfield. Westport is a popular place for New Yorkers to visit on weekends because of its close proximity to Manhattan. The median house price in Westport is approximately $1.5 million. the average home value is $1,471,700. There is a good reason that Norwalk was listed as one of the best places to live in America. The unemployment rate is 7.3% while the poverty rate is higher at 11.2%. The richest town in Connecticut is Darien, with a median household income of $251,200. 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. The average price of a home is $611,500, nearly three times the national average. If youre in the market for a decently sized family home, dont expect to get much change from $1,283,146 a staggering amount, even by Connecticuts standards. According to homes.com, Ridgefield is one of the most expensive places in Connecticut to buy a home. It has a population of 27,141. The median income in Bristol is $61,551 while the unemployment rate is 7.8% and the poverty rate is 10.3%. Its a peaceful town thats a great place for people who want to get away from hectic city life and enjoy nature. Want to know where Connecticuts 17 billionaires and 122,000 millionaires live? Related: The 10 Wealthiest Cities In Missouri. Home to over 136,309 people, Stamford is the richest city in Connecticut. Zip Data lists West Hartford as one of the 20 richest cities in the state. 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. Inflation-adjusted household income is one of the factors. Unfortunately, however, there can be only one Connecticut place that's worthy of the HomeSnacks crown. Located in Fairfield County, Weston has a population of 10,354. The majority are white-collar workers, just 4.96% in the blue-collar classification. Easton has excellent schools both public and private schools are available. It has a population of 33,900 residents. The average home value is $650,400. Connecticut ( / kntkt / ( listen)) [10] is the southernmost state in the New England region of the Northeastern United States. 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! 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! However, we dont believe that one statistic wholly encompasses what it means to be one of the richest places. Westport residents are well educated with 78% of residents having obtained a bachelors degree or higher. If more people are employed, the richer the future looks. Norwalk, CT, USA 4. Newtown Borough is being credited as the richest town in the state of Connecticut. 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. We aim to deliver bite-sized pieces of infotainment about where you live. Living in New Canaan is like being surrounded by family. However, its also popular among locals so much so that there are rumors that it might become a commuter town for New York City residents. Renters pay an average of $1,361 per month. Old Greenwich Profile Page with Infographics. In Old Greenwich, homes are primarily owner-occupied (84%) and only 16% of homes in Old Greenwich are rentals. Essex is situated near the Connecticut river, a few miles north of some of the states best beach towns. Connecticut's neighboring towns of Greenwich and Darien have a combined population of around . Its a medium-sized town that has grown to become one of the most desirable places to live in Connecticut. The richest places in Connecticut are a lot like expensive diamonds; but, dont get it twisted, they are not by any means the diamonds in the rough. The average household income in Woodbridge is $96,919, and the median home price is $595,000. 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. The high demand is getting harder to find places for sale. HomeSnacks is reader-supported. The unemployment rate in this city is 10% and the poverty rate is 9.6%. We suspect that the recent pandemic took a toll on residents who lost their jobs, with some forced to relocate for more affordable housing. 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. With a median household income of $1,471,700, this is no place for people on a shoestring budget. 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. We use data, analytics, and a sense of humor to determine quality of life for places across the nation. 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. The town is partly in Hartford County, with some areas in Middlesex County. Westport is in the top five most affluent cities in Connecticut for 2022. Unfortunately, however, there can be only one Connecticut place thats worthy of the HomeSnacks crown. The homes in Darien are primarily owner-occupied (87%) with only 13% rentals. This is a carousel. 6. Milford grabbed the top place in this list of richest cities. If the thought of paying $868,200 for a home makes you feel queasy, you might want to give Weston a miss. Lidia Ryan is the managing editor of trending and features for Hearst Connecticut Media Group and is part of the digital team. This small coastal town is the perfect place for raising children, and you can enjoy plenty of outdoor activities, especially walking in nature. Read More The 20 Safest Places To Live in TennesseeContinue, If you dont know what a HELOC is, dont feel stupid. Old Greenwich is one of the richest Neighborhoods in Connecticut with a median household income of $238,750. California was the most represented with 23 cities and towns making the list. >> Click through to see how each CT spot ranked as well as each household income average. Despite its high per capita income, Connecticut is mainly a middle-class state. Westport, CT Annual household income: $222,535, 4. Fairfield County is very close to New York City. 22 overall, with average household income at $270,222. If the idea of paying $2,724 in rent each month makes you feel the same, definitely scratch it from your list. Its also home to the states only national historic site, Weir Farm. Want to learn more about Westport? The 10 Best Places to Live on the West Coast of Florida, The 20 Best Places to Live in Massachusetts, Where $100 million in Vacation Rental Startups is Going, The 10 Cheapest Places to Live in Colorado, Eight Reasons to go to French Polynesias Marquesas Islands, How Lisa Rinna Achieved a Net Worth of $10 Million, 20 Cities with The Worst Weather in Europe, How Zac Stacy Achieved a Net Worth of $6 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 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. Look here. People who live and work in Easton have a slightly higher income level. Most of the residents are of white ethnicity, with only 6.1% of students in the public schools eligible for free or reduced lunch. The third on the list is Westport. Richest Places in Connecticut Bottom Line, Best First Time Home Buyer Programs & Grants in NYC. As of December 2019 Income inequality is huge in Connecticut, with the disparity most pronounced when comparing southern towns like New Canaan and Greenwich with Hartford, the state's capital.. It's also very well educated, with over half of its residents having a college degree.