Connecticut is home to some of the wealthiest people in America. From Hedge Fund Executives to High Profile Athletes, these wealthy Americans call Connecticut their home.
Here is a list of the wealthiest towns in Connecticut, most of which are located in Fairfield County.
Wealthiest Towns in Connecticut
Below is a list of the wealthiest towns in Connecticut.
1. Darien, CT
Darien is one of the wealthiest towns in Connecticut. Located in Fairfield County, Darien residents have it all- pristine beaches, private Country Clubs and Yacht clubs, a charming downtown, and an easy train ride to NYC.
Darien has a population of 21,499. Home to some of the most affluent residents of Connecticut, Darien has a mean household income of $424,355.
Darien’s median home value is $1,656,964. The homes in Darien are primarily owner-occupied (87%) with only 13% rentals.
Darien residents are well educated with 83% of residents having obtained a bachelor’s degree or higher. Darien residents live a good work-life balance with an average commute time of 39 minutes.
| Mean Household Income | $424,355 |
| Bachelor’s Degree or Higher | 83% |
| Median Sales Price of Homes | $1,656,964 |
Want to learn more about Darien? Darien Profile Page with Infographics.
2. Old Greenwich, CT
Old Greenwich is home to some of the wealthiest Connecticut residents. It is a charming seaside neighborhood that is in the Town of Greenwich with waterfront homes and private beaches. Old Greenwich has a population of 6,962 and a mean household income of $348,146.
Known for its luxury waterfront homes, Old Greenwich has a median sales price of $1,928,271. In Old Greenwich, homes are primarily owner-occupied (84%) and only 16% of homes in Old Greenwich are rentals.
Old Greenwich residents are well educated with 80% of residents have obtained a bachelor’s degree or higher. Old Greenwich residents live a good work-life balance with an average commute time of 38 minutes. Certainly enough time to go to the beach after work for a picnic dinner by the water!
| Mean Household Income | $348,146 |
| Bachelor’s Degree or Higher | 80% |
| Median Sales Price of Homes | $1,928,271 |
Want to learn more about Old Greenwich? Old Greenwich Profile Page with Infographics.
3. Weston, CT
Weston is one of the most affluent towns in Connecticut with winding country roads and highly regarded schools. Located in Fairfield County, Weston has a population of 10,354.
Home to some of the most affluent residents of Connecticut, Weston has a mean household income of $330,469. The median sales price of homes in Weston is $1,415,052 with 96% of homes owner-occupied and only 4% of homes being rentals.
Weston residents are well educated with 78% of residents having obtained a bachelor’s degree or higher. Weston residents live a good work-life balance with an average commute time of 42 minutes.
| Mean Household Income | $330,469 |
| Bachelor’s Degree or Higher | 78% |
| Median Sales Price of Homes | $1,415,052 |
Want to learn more about Weston? Weston Profile Page with Infographics.
4. Riverside, CT
Riverside is one of the wealthiest communities in Connecticut. It is a picture-perfect neighborhood in the Town of Greenwich with beaches, highly rated schools, and an easy train ride to NYC.
Riverside is home to some of the most affluent residents of Connecticut with a mean household income of $356,791. Riverside has a population of 8,843.
The median sales price of homes in Riverside is $1,220,093. Most of the properties in Riverside are primarily owner-occupied (80%) with only 20% rentals.
Riverside residents are well educated with 73% of residents have obtained a bachelor’s degree or higher. Riverside residents live a good work-life balance with an average commute time of 37 minutes.
| Mean Household Income | $356,791 |
| Bachelor’s Degree or Higher | 73% |
| Median Home Value | $1,220,093 |
Want to learn more about Riverside? Riverside Profile Page with Infographics.
5. New Canaan, CT
New Canaan is one of the wealthiest towns in Connecticut with a median sales price of $1,303,975. It is an affluent community that has a population of 20,622 individuals.
New Canaan residents are well educated with 80.1%, having completed at least a bachelor’s degree. The mean household income in New Canaan is $239,209.
| Median Household Income | $239,209 |
| Bachelor’s Degree or Higher | 80.1% |
| Median Sales Price of Homes | $1,303,975 |
6. Westport, CT
Westport is one of the wealthiest towns in Connecticut. Located in Fairfield County, Westport is an affluent town with beaches, private Country Clubs, and Yacht Clubs.
Westport has a population of 27,141. Home to some of the most affluent residents in Connecticut, Westport has a mean household income of 346,206.
Westport has a thriving luxury real estate market with the median sales price in Westport at $1,802,918. The homes in Westport are primarily owner-occupied (85%) and only 15% rentals.
Westport residents are well educated with 78% of residents having obtained a bachelor’s degree or higher. Westport residents live a good work-life balance with an average commute time of 44 minutes.
| Mean Household Income | $346,206 |
| Bachelor’s Degree or Higher | 78% |
| Median Home Value | $1,802,918 |
Want to learn more about Westport? Westport Profile Page with Infographics.
7. Greenwich, CT
Greenwich is synonymous with luxury real estate and wealth. It is one of the richest towns in Connecticut, boasting a median sales price of $1,710,154.
With a population of 63,518, Greenwich is an upscale community with a mean household income of $314,450. Greenwich residents are well-educated, with 70.6% having completed at least a bachelor’s degree.
| Mean Household Income | $314,450 |
| Bachelor’s Degree or Higher | 70.6% |
| Median Sales Price of Homes | $1,710,154 |
Want to learn more about Greenwich, CT? What is it like to live in Greenwich, CT? and 10 Reasons to Move to Greenwich, CT
8. Wilton, CT
Wilton is recognized as one of the wealthiest towns in Connecticut with a mean household income of $208,955. Property values are high, the median sales price is $1,013,265.
It is an affluent community with a population of 18,503 people, and 75.1% of its residents have attained a bachelor’s degree or higher, reflecting an educated community.
| Mean Household Income | $208,955 |
| Bachelor’s Degree or Higher | 75.1% |
| Median Sales Price of Homes | $1,013,265 |
Learn more about Living in Wilton, CT
9. Cos Cob, CT
Cos Cob is one of the wealthiest communities in Connecticut with a median home sales price of $1,319,067. It’s a small, charming seaside community in the Town of Greenwich with a population of 6,873.
The upscale community attracts residents who commute to New York City because it’s an easy train ride to Manhattan. The mean household income at Cos Cob is $224,230.
| Mean Household Income | $224,230 |
| Bachelor’s Degree or Higher | 65.1% |
| Median Sales Price of Homes | $1,319,067 |
Learn more about living in Cos Cob, CT
10. Groton Long Point, CT
Groton Long Point is the richest town in New London County with a mean income of $213,039 and a median home price of $1,191,472.
Groton Long Point is known as an affluent coastal Connecticut town.
Groton Long Point is a small Connecticut beach town with a population of 530, with 12.0% of residents being children under 18 years of age.
There is a high percentage of senior citizens living in Groton Long Point with 41.1% of residents being seniors.
Additionally, 79% of Groton Long Point residents hold a Bachelor’s Degree or higher.
| Mean Income | $213,039 |
| Bachelor’s Degree or Higher | 79% |
| Median Home Price | $1,191,472 |
11. Madison, CT
Madison is the richest town in New Haven County, with a 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 some of the best beaches in Connecticut, Hammonasset Beach, Madison is a hub for summer rentals and attracts a lot of vacationers.
| Mean Income | $185,594 |
| Bachelor’s Degree or Higher | 67.8% |
| Median Home Price | $1,112,856 |
Richest Towns in Connecticut: Methodology
In order to come up with our list of the richest towns in Connecticut, the rankings are based on both income and home prices. We took data from the US Census American Community Survey and residential housing market data. The median sales price is the average residential sales data for 12 month period ending June 2023.
Note: We realize we are using the term “town” loosely in this article since some of these towns are actually villages, neighborhoods or Census Designated Places.
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