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Westport has a thriving luxury real estate market with the median sales price in Westport at $1,796,000. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks. 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 unemployment rate is slightly higher at 3.6%, with the average commute time for workers at 31.3 minutes. If you plan to buy a home in the city, the median home value is $330,100. Married families in Ridgefield average an annual household income of 182,679, but the average is over $206k. The upside to all those sky-high prices is a median income that ranks as one of the highest in the state. Its not difficult to find a home to buy or rent, as there are 3,122 homes in the town, with just 2,935 currently occupied. Wilton is undoubtedly a wealthy community and one of the top ten richest in the state of Connecticut for 2022. The average adjusted gross income is $222,660. The 10 Richest Cities In Connecticut For 2023 - HomeSnacks Theres 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 unemployment rate is 7.3% while the poverty rate is higher at 11.2%. Related: The 10 Wealthiest Neighborhoods in San Francisco. 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". Because it is a coastal town, you can spend most of your time on the beach and in natural parks. Home to over 136,309 people, Stamford is the richest city in Connecticut. Connecticut - Wikipedia The median household income in Wilton is $204,473 which is over twice as much as the state average of $79,043. Westport, CT Annual household income: $222,535, 4. Theres usually something going on for recreation and entertainment in the town and surrounding areas. The small community has a population of 7,586 residents. 45.7% of the children in public schools are eligible for free or reduced lunch programs. The town is partly in Hartford County, with some areas in Middlesex County. However, depending on the neighborhood, you can also find more affordable housing. Were just going to leave this right here. Fairfield is a moderate-sized city in Fairfield County. The majority are white-collar workers, just 4.96% in the blue-collar classification. This is a carousel. The most charming small towns in Connecticut are perfect for a day trip or a new home. Its a desirable place to live if you can afford the costs. The median income in Danbury is $67,430 helping to secure its 5th place ranking. The unemployment and poverty rates are 6.3% and 11.4% respectively. Westport is one of the richest towns in Connecticut with a median household income of $222,375. Westport was third in the state, and no. the average home value is $1,471,700. As at 2019, Connecticut had a per capita income of $44,496. The upscale community attracts residents who commute to New York City because its easy train ride to Manhattan. 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. Riverside Profile Page with Infographics. Want to learn more about Westport? CT proposal causes confusion, concern. Haub, who took over the company after the death of his brother, Karl-Erivan, is now worth an estimated $2.9 billion. The first thing that comes to most peoples minds when they think about determining the richest places is to simply identify personal incomes. 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. Southport, CT Annual household income: $310,831, The 10 Best Places to Live in Austin for Singles, The 20 Safest Places To Live in Tennessee, Tips on How to Use a HELOC To Buy Real Estate, The 20 Best Places to Live in Latin America. Here's The Richest Town In Connecticut | Darien, CT Patch A median income that sits at a mammoth $352,839. Rentals are much higher than most, with an average of $2,443 per month for non-homeowners. Its also a great place for students who want to attend college because it has many colleges and universities nearby such as the University of Connecticut, Yale University, Quinnipiac University, and Sacred Heart University. 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. 18 Top-Rated Small Towns in Connecticut | PlanetWare Greenwich is synonymous with luxury real estate and wealth. The median home value in Greenwich is over $1.5 million, and many residents work in finance and banking in NYC. List of Connecticut locations by per capita income - Wikipedia Its a socioeconomically Upper Middle-Class city with a median household income of $136,261. What is it like to live in Greenwich, CT? Most of the properties in Riverside are primarily owner-occupied (80%) with only 20% rentals. Norwalk, CT, USA 4. Located on Connecticut's Gold Coast, Greenwich is a financial powerhouse and also an exciting place to visit. Its a haven for New Yorks very rich to escape the hustle and bustle of big money firms and agencies. 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. The 20 Most Affordable Places to Live in Connecticut - Money Inc We then averaged all the rankings for a place into a Rich Score with the place having the lowest overall Rich Score, Shelton, crowned the Richest City In Connecticut For 2023. On this Wikipedia the language links are at the top of the page across from the article title. Point 2 Point Homes advises that the small community of 8,779 people has an average household income of more than $200k per year. Southports location near New York City also makes it attractive for commuters working there. With 733 . Westport is one of the wealthiest 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. 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. The seaside neighborhood is a part of the Town of Greenwich, nestled on the beautiful waterfront with homes on its private beaches and all of the quaint little shops and dining venues the heart could desire. The 10 Best Places To Live In Connecticut For 2022 - HomeSnacks Are you surprised by this list of the richest cities in Connecticut? 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. 20. What determines the overall wealth of a city? In terms of per capita income, Connecticut is the richest state in the United States of America. Education Levels 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. And that makes living in the state expensive. Its one of the areas wealthiest communities, with the median annual household income at over $215k. Renters pay an average of $1,361 per month. All of these towns are located not too far east of Greenwich . OnlyInYourState may earn compensation through affiliate links in this article. Redding, Connecticut, is a small city with a population of 9,110. Easton has excellent schools both public and private schools are available. We analyzed 21 places in Connecticut to determine where the 1% live. There are many things that families love about living in Wilton including its great school system, safe neighborhoods, and access to shopping centers. Wilton is undoubtedly a wealthy community and one of the top ten richest in the state of Connecticut for 2022. The town has a population of about 10,278 (2020) people and has a median age of 42 years old. Most of Connecticuts wealth is concentrated in Fairfield County, which contains many affluent suburbs in Connecticut. 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. As of the 2020 census, the population was 1,710. If you can swallow up those property prices, theres a good chance youll be rewarded with an income in the region of $222,535. Some work at private companies and governmental institutions. 89.3% of the homes are occupied by their owners, with 10.7% as rentals. The median home value in Easton is over $772,758 making it one of the most expensive places to live in Connecticut. The 20 Worst Places to Live if you Have Arthritis in The U.S. Its also home to the states only national historic site, Weir Farm. Jobs are plentiful in the area, with the working Population gainfully employed except for just 3.5%. Redding has a median home sales price of $1,030,000 and a median household income of $138,125. 4.2% of public school students are eligible for free or reduced lunch, and test performance in the public schools for Redding is excellent. 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. The result? 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. Despite its small size, it is home to 18,932 people. 6. 20 Cities with the Worst Weather in the U.S. How Eiza Gonzalez Achieved a Net Worth of $5 Million. [1] All data is from the 2010 United States Census and the 2011-2015 American Community Survey 5-Year Estimates.[2][3]. Its a great place to raise kids, with top-rated schools and safe streets. The unemployment rate, as of 2022, is 3.3%, far lower than the state unemployment rate of 4.1%. It has a population of 27,141. Its a medium-sized town that has grown to become one of the most desirable places to live in Connecticut. New Canaan and other wealthy towns made it onto the state's list of "disproportionately impacted areas" for favorable treatment in the marijuana legalization rollout, due to a quirk in the data. Connecticut - Forbes Home to some of the most affluent residents in Connecticut, Westport has a median household income of $206,466. If you want to live in one of Connecticuts richest places, youre going to need to make upwards of $59,791/year. Westport is one of the wealthiest towns in Connecticut. To see the other wealthy places that made this list, take a look below. The median income in Bristol is $61,551 while the unemployment rate is 7.8% and the poverty rate is 10.3%. The downtown area is quaint and charming with plenty of restaurants, shops, and entertainment options. Riverside is one of the wealthiest communities in Connecticut. Connecticut towns make Bloomberg list of richest places Four Connecticut towns made the top 50 list (well, three. Related: The 10 Wealthiest Cities In North Carolina. Avon, CT Annual household income: $187,080, 10. Middletown, a riverside city south of Hartford, takes the 6th place spot with a median income of $63,828. Home to some of the most affluent residents in Connecticut, Westport has a median household income of $206,466. Youll find parades, festivals, and occasional pop-up art exhibitions. If you plan to buy a home in New Canaan, the average price is $1.36 million. Whenever any publication compiles a list of Americas richest cities, theres one name you can always count on seeing Old Greenwich. 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. The unemployment rate is 3%, which beats the state average by 4.1%. Located in Fairfield County, Weston has a population of 10,354. 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.

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