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Essex is situated near the Connecticut river, a few miles north of some of the states best beach towns. The average home value is $650,400. Weston residents are well educated with 78% of residents having obtained a bachelors degree or higher. 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. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks. 45.7% of the children in public schools are eligible for free or reduced lunch programs. 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. If you want to live in one of Connecticuts richest places, youre going to need to make upwards of $59,791/year. Weston is one of the richest towns in Connecticut with a median household income of $207,863. 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. With a population of 20,622 inhabitants, the average income per household is $145,244. Test performance scores in public schools are ranked as excellent. The city deserves its spot on the list as its well above the average US income. 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. 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. It is a Fairfield County city home to many wealthy residents who enjoy private country clubs, yacht clubs, and pristine beaches. Darian is on Long Island Sound and offers waterfront property for sale and for rent. There are also many beautiful parks and green spaces throughout town. Related: The 10 Wealthiest Cities In California. Fairfield County town is one of the most desirable places to live if you have the financial means. Dana has extensive professional writing experience including technical and report writing, informational articles, persuasive articles, contrast and comparison, grant applications, and advertisement. The median sales price of homes in Riverside is $834,000. The upside to all those sky-high prices is a median income that ranks as one of the highest in the state. Home to some of the most affluent residents in Connecticut, Westport has a median household income of $206,466. We use data, analytics, and a sense of humor to determine quality of life for places across the nation. Riverside is home to some of the most affluent residents of Connecticut with a median household income of $215,791. The Community Trail runs along the Long Island Sound and is a great place to walk or ride your bike. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[336,280],'homesnacks_com-medrectangle-3','ezslot_2',143,'0','0'])};__ez_fad_position('div-gpt-ad-homesnacks_com-medrectangle-3-0');So, what is the richest place in Connecticut? Located in Fairfield County, Westport is an affluent town with beaches, private Country Clubs, and Yacht Clubs. The fourth wealthiest town in Connecticut is Old Greenwich. Living there isnt cheap, though. The homes in Westport are primarily owner-occupied (85%) and only 15% rentals. Riverside, CT Annual household income: $215,791, 5. The rankings are based on income and home value. Want to learn more about Greenwich, CT? Easton has excellent schools both public and private schools are available. Redding, Connecticut, is a small city with a population of 9,110. Wilton is surrounded by nature, offering many activities that are perfect for children and encouraging a healthy lifestyle. Most of the properties in Riverside are primarily owner-occupied (80%) with only 20% rentals. With a population of 63,518, Greenwich is an upscale community with a median household income of $180,44. 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. DARIEN, CT Darien is the wealthiest town in Connecticut, where the median household income is more than $200,000, according to a new report. The unemployment rate is 8.6% and the poverty rate is 10% in this city. The unemployment and poverty rates are 6.3% and 11.4% respectively. The average income per family is $130,268, and home prices range anywhere between $500,000 to $2 million. This is our tenth time ranking the richest cities in Connecticut. Connecticut is one of the wealthiest states in the US. Gov. Weston is in Fairfield County. Darian, CT Annual household income: $232,523, 1. 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. The Population is 8,843 in this close-knit community. 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. Most Expensively 2023. The town has over 120 acres of open space and over 1,000 acres of parkland. After all, rich people have really high salaries. The Upper Middle-Class neighborhood has an unemployment rate of 2.8% in its 06073 zip code compared to the Harford County rate of 6% and the state rate of 4.01%. The average price of a home is $611,500, nearly three times the national average. Westport is one of the wealthiest towns in Connecticut. Greenwich residents are well-educated, with 70.6% having completed at least a bachelors degree. 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. Fairfield is also very safe and has low crime rates. The remaining six wealthy Connecticut communities, all in Greenwich, in order are. Citizens of COS COB have an average commute time from home to work of 31.9 minutes, suggesting they dont need to travel far for work. Connecticut towns make Bloomberg list of richest places, Owner of Tm brings authentic Mexican cuisine, art to Fairfield, St. Patrick's Day food and drink menus, parties around CT, Connecticut Magazine's 25 Most Romantic Restaurants in CT. Every year, Connecticut Magazine asks readers and experts for the state's best dining spots. The Census ranks individual city wealth by a formula that averages the household incomes, including the adjusted gross income and the average household income. We aim to deliver bite-sized pieces of infotainment about where you live. Although the town is small, youll find plenty of recreational venues, cafes, restaurants, and shops. 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. 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. As one of the Nutmeg state's oldest towns, it also represents one of the richest. You can learn more about the top ten below or skip to the end to see the rankings for all 21 places. The average value of a home is just under $800,000, which is on par with the average household income. It has an average household income of $234,152 and 6,611 residents. The median income in this city is $81,634. The city is within a short distance of New York City, which offers residents all the amenities of the big city without the need to live there. Education Levels . What you might love just a little less is how excruciatingly expensive it is to live here although theres an (admittedly very small) selection of housing options on the reasonable end of the spectrum, there are enough hugely expensive properties to push the median home value to a whopping $1,355,800. 1. Whether you have money to burn or are living on a budget, everyone enjoys these free activities in Connecticut. 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. You catch that vibe when you visit New Canaan, but its not cheap to live there. Only 16 states were represented in the top 100. Darian will be the second wealthiest city in Connecticut in 2022. Westport is a popular place for New Yorkers to visit on weekends because of its close proximity to Manhattan. Unfortunately, however, there can be only one Connecticut place that's worthy of the HomeSnacks crown. Riverside residents live a good work-life balance with an average commute time of 37 minutes. If you can afford a mortgage, its the better way to go in Fairfield. Home to some of the most affluent residents in Connecticut, Westport has a median household income of $206,466. The richest town in Connecticut is Darien, with a median household income of $251,200. The 2010 Census revealed a growth from 6.751 residents to 7,150, showing that the town is gaining its population base. Westport is one of the wealthiest towns in Connecticut. Riverside also offers residents a quick commute into NYC. Old Greenwich residents are well educated with 80% of residents have obtained a bachelors degree or higher. Old Greenwich Profile Page with Infographics. With a median household income of $1,471,700, this is no place for people on a shoestring budget. Fairfield County is very close to New York City. Not that there isnt more to it than that with a vibrant food scene, a charming historic district, gorgeous parks, and a great selection of shops, it offers premium living at an admittedly premium price tag. The town has a population of about 10,278 (2020) people and has a median age of 42 years old. Point 2 Point Homes advises that the small community of 8,779 people has an average household income of more than $200k per year. Fairfield. Four Connecticut towns made the top 50 list (well, three. Numerous tech billionaires have called the town home, including Googles Eric Schmidt, Facebooks Sheryl Sandberg and Microsofts late co-founder Paul Allen.". Old Greenwich Profile Page with Infographics. Editors Note: Data has been updated for 2023. Read More The 20 Safest Places To Live in TennesseeContinue, If you dont know what a HELOC is, dont feel stupid. In terms of per capita income, Connecticut is the richest state in the United States of America. The average commute time from home to work is 31 minutes. Darians median home value sits at around $1.7M thats more than double the national average. Until the federal government takes its regulatory role seriously and uses the big stick that it has, corporations will attempt to self-regulate M&T urged to end 'banking desert' in Bridgeport neighborhoods, 'Candlewood' horror movie drops trailer inspired by local urban legends, Four Fairfield businesses fail February health inspections, Warrant: Ex-New Fairfield 'lunch lady' sent nude images to student on Snapchat for months before sex assault, Police make up 19 of Trumbull's top 20 highest paid employees, Former CT girls soccer coach pleads guilty to sexually assaulting player, Bridgeport man broke into Norwalk homes while families slept inside, warrants said, The Best Private High Schools Near Stamford, The Best Private Preschools Near New Haven, Guide to Legal Cannabis Dispensaries in CT, Why CT waits for $95 million from OxyContin maker Purdue Pharma, HUSKY Health is helping immigrants. Map of 25 Wealthiest Zipcodes in Connecticut Based on Average Adjusted Gross Income. 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! What are the richest towns in Connecticut? If you choose to rent an apartment, expect to pay an average of $1,866 monthly. Ridgefield offers something for everyone from great schools to recreation for the whole family. Actual ranking depends on what metrics are used, but in general, Connecticut ranks within the five wealthiest states in the country.