Are you wondering where the rich parts of New Haven are? There’s no shortage of wealth and charm in the surrounding New Haven suburbs.
Many of these affluent suburbs of New Haven are coastal towns, home to some of the most beautiful beaches in Connecticut.
Below, we will take a closer look at these wealthy New Haven suburbs.
The rankings are based on both income and home prices.
The information presented in this article are based on data from the US Census American Community Survey, Niche.com and residential housing market data. The median sales price is the average residential sales data for 12 month period ending June 2023.
Below is our list of the richest suburbs of New Haven.
Check out the Richest Towns in Connecticut
Wealthiest Suburbs of New Haven
1. Madison, CT
Madison is the richest town in New Haven County, with an impressive median home price of $1,112,856 and a mean income of $185,594.
The most expensive homes in Madison are waterfront properties with expansive lots stunning oceanfront views and even access to private beaches. It’s definitely one of the most sought-after coastal Connecticut towns.
Madison is a New Haven suburb with a population of 17,691.
Senior citizens make up 23.3% of the population while 19.1% of residents are children under 18 years old.
Home to one of the best beaches in Connecticut, Hammonasset Beach, Madison is a hub for summer rentals and attracts a lot of vacationers.
The average rent in Madison is $1,617 where 10.1% of homes are rentals.
Madison is also known for having highly-rated schools. Niche.com ranks Madison as having the #3 best school district in New Haven County.
|Median Home Price||$1,112,856|
|Children under 18||19.1%|
2. Guilford, CT
Guilford is the second richest suburb of New Haven with a mean income of $163,231 and a median home value of $567,308.
Guilford is a quaint Connecticut coastal town near New Haven with a town green, historic homes, and beautiful Jacob’s Beach on Long Island Sound.
A New Haven suburb of 22,073, Guilford’s senior citizens make up 24.9% of the population.
While 21.3% of residents in Guilford are children under 18 years old.
The average rent in Guilford is $1,568.00.
|Median Home Price||$567,308|
|Children under 18||21.3%|
Check out our list of Connecticut Towns Where Homes are Selling Fast
3. Orange, CT
Orange is one of the richest suburbs of New Haven with a mean income of $157,050.
Known for its rural-country vibe, upscale residences, and the annual Orange Country Fair.
Located in New Haven County, the homes in Orange are a mix of traditional colonial houses to ranch where homes have a median home price of $499,143.
A vast majority, 89.5%, of homes in Orange are owner-occupied, and residents on average pay a rent of $1,774.00.
With a population of 14,280, the town has a substantial number of children under 18 years old, making up 22.5% of the population, while seniors account for 22.8%.
The average commute to work from Orange is 29 minutes.
|Median Home Price||$499,143|
|Children under 18||22.5%|
4. Cheshire, CT
Cheshire is one of the most affluent suburbs of New Haven with a mean income of $135,095 and a median home price of $405,567.
Cheshire is known for its idyllic tree-lined streets and award-winning schools.
Niche.com ranks Cheshire as having the #2 best school district in New Haven County.
With a population of 6,499, seniors make up a large percentage, 29.0%, of the population while only 16.3% of residents are children under 18 years old.
Most people own their home in Cheshire with 77.3% of its homes being owner-occupied, with an average rent of $853.00.
Residents of Cheshire have an average commute time of 24.3 minutes.
|Median Home Price||$405,567|
|Children under 18||16.3%|
Check out the Best Waterfront Restaurants in Connecticut
5. North Haven, CT
North Haven is one of the richest towns in New Haven County with a mean income of $133,499 and a median home price of $392,514.
Compared to other affluent New Haven suburbs, North Haven is big with a population of 24,253.
19.4% of North Haven residents are children under 18 years old and 23.9% of residents are senior citizens.
A majority of homes in North Haven, 82.2%, are owner-occupied.
The average rent in North Haven is $1,381.00.
North Haven is home to Quinnipiac River State Park a tranquil park with winding trails for hiking. It’s also a great place to go for fishing and hunting.
The commute time averages 22.9 minutes for North Haven residents.
|North Haven, CT|
|Median Home Price||$392,514|
|Children under 18||19.4%|
Check out our list of the Best Beaches near New Haven
6. Milford, CT
Milford is one of the richest coastal towns in New Haven County with a mean income of $128,934 and a median home price of $407,112.
Milford is a Connecticut beach town near New Haven known for its scenic coastline and beaches.
Home to one of the best beaches in Connecticut, Silver Sands State Park has pristine sandy beaches, a boardwalk, and breathtaking views of Long Island Sound.
Milford is an affluent New Haven suburb with a sizable population of 52,044 of which 17.5% of residents are children under 18 years old and 19.9% of residents are seniors.
Most Milford residents own their home with 76.0% of homes being owner-occupied. The average rent in Milford is $1,689.00.
Milford is also known for having a vibrant seaside community with a bustling downtown.
Aside from the beaches and downtown, Milford is also known for the annual Milford Oyster Festival, which is one of the best food festivals in Connecticut where over 30,000 oysters are harvested from Milford waters.
|Median Home Price||$407,112|
|Children under 18||17.5%|
7. Woodmont, CT
Woodmont is one of the wealthiest suburbs of New Haven with a mean income of $126,349 and a median home price of $508,195.
Although Woodmont is technically a borough of Milford, we are including it as a separate suburb because locals consider Woodmont distinct from the rest of Milford (similar to the way Rowayton is to Norwalk!)
Woodmont is an affluent coastal Connecticut town with beautiful Anchor Beach, waterfront homes, and a quiet, village-like charm.
Woodmont is a small community with a population of only 1,486 of which 13.1% are children under 18 years old, while seniors make up 20.4% of the population.
About 81.1% of the homes in Woodmont are owner-occupied.
The average rent in Milford is $1,853.00.
|Median Home Price||$508,195|
|Children under 18||13.1%|