Want to know where Connecticut’s 17 billionaires and 122,000 millionaires live? Look here.
That’s right, the Gold Coast didn’t get its name because prospectors found gold on Connecticut’s beaches. It’s because there are a bunch of well-to-do people who call this New England state home. There’s a reason The Nutmeg State is one of the richest in the country.
The richest places in Connecticut are a lot like expensive diamonds. Everyone with means tries to get their hands on one. The competition for the top ten richest places in The Constitution State was quite fierce, so to narrow down our list, we looked at the 76 Connecticut cities with at least 3,000 residents. We measured home prices from Zillow and incomes from the Census for each city.
If you want to live in one of Connecticut’s wealthiest places, you’ll need to make upwards of $122,546/year.
Table Of Contents: Top Ten | Methodology | Summary | Table
The 10 Richest Places In Connecticut For 2024
With fancy city names like Windsor and Danbury, Connecticut seems to ooze wealth around every corner.
What is the wealthiest place in Connecticut? According to the latest Census data, the richest place in The Nutmeg State is Old Greenwich.
To see the other wealthy places that made this list, look below. And if you have some time on your hands, take a look at how the other 99% live in Connecticut’s poorest places.
Rich people not your cup of tea? Feel free to check out some more reading about Connecticut:
The 10 Richest Cities In Connecticut For 2024
1. Old Greenwich
/10
Population: 7,060
Median Income: $240,417
Median Home Values: $1,924,063
More on Old Greenwich: Data | Cost Of Living | Real Estate
2. Riverside
/10
Population: 9,093
Median Income: $250,001
Median Home Values: $1,918,050
More on Riverside: Data | Cost Of Living | Real Estate
3. Glenville
/10
Population: 3,112
Median Income: $197,619
Median Home Values: $1,163,162
More on Glenville: Real Estate
4. Cos Cob
/10
Population: 7,243
Median Income: $185,125
Median Home Values: $1,342,010
More on Cos Cob: Data | Cost Of Living | Real Estate
5. Greenwich
/10
Population: 14,051
Median Income: $128,839
Median Home Values: $1,939,194
More on Greenwich: Data | Crime | Cost Of Living | Real Estate
6. Ridgefield
/10
Population: 7,655
Median Income: $139,490
Median Home Values: $850,190
More on Ridgefield: Data | Crime | Cost Of Living | Real Estate
7. Orange
/10
Population: 14,231
Median Income: $138,514
Median Home Values: $554,284
More on Orange: Data | Crime | Cost Of Living | Real Estate
8. Pemberwick
/10
Population: 3,212
Median Income: $122,546
Median Home Values: $966,393
More on Pemberwick: Real Estate
9. Mystic
/10
Population: 4,417
Median Income: $126,854
Median Home Values: $542,439
More on Mystic: Real Estate
10. Durham
/10
Population: 3,469
Median Income: $127,361
Median Home Values: $438,821
More on Durham: Real Estate
Methodology: How We Determined The Richest Places In Connecticut For 2024
The first thing that comes to most people’s minds when they think about determining the richest places is simply identifying personal incomes. After all, rich people have really high salaries.
However, we don’t believe that one statistic wholly encompasses what it means to be one of the “richest places.” So we looked at this set of criteria from the newly released 2018-2022 American Community Survey and applied Saturday Night Science:
- Median Home Values
- Median Household Income
Median household income is the most digestible way to understand how rich a place is. And home values are a measure of wealth. The two combine to define a “Rich City.”
After we collected the data for all 76 places with more than 3,000 people in Connecticut, we ranked each place from 1 to 76 for each of the criteria, with 1 being the richest.
We then averaged all the rankings for a place into a “Rich Score,” with the place having the lowest overall Rich Score, Old Greenwich, crowned the “Richest City In Connecticut For 2024.”
The data has been updated for 2024. This is our tenth time ranking the wealthiest cities in Connecticut.
You can skip to the end to see the rankings for all 76 places.
Summary: The Wealthiest Places In Connecticut For 2024
Like we said earlier, when we set out to identify the richest places in Connecticut, we weren’t sure what we’d encounter, but it ended up being some of the best places to live in Connecticut.
The richest cities in Connecticut are Old Greenwich, Riverside, Glenville, Cos Cob, Greenwich, Ridgefield, Orange, Pemberwick, Mystic, and Durham.
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.
If you’re curious enough, here are the poorest cities in Connecticut, according to data:
Poorest: Hartford
2nd Poorest: Heritage Village
3rd Poorest: Willimantic
For more Connecticut reading, check out:
- Best Places To Raise A Family In Connecticut
- Safest Places In Connecticut
- Best Places To Live In Connecticut
Detailed List Of The Richest Cities In Connecticut
| Rank | City | RichScore | Median Income | Average Home Price |
|---|---|---|---|---|
| 1 | Old Greenwich | 2.0 | $240,417 | $1,924,063 |
| 2 | Riverside | 2.0 | $250,001 | $1,918,050 |
| 3 | Glenville | 4.0 | $197,619 | $1,163,162 |
| 4 | Cos Cob | 4.0 | $185,125 | $1,342,010 |
| 5 | Greenwich | 4.0 | $128,839 | $1,939,194 |
| 6 | Ridgefield | 6.5 | $139,490 | $850,190 |
| 7 | Orange | 8.5 | $138,514 | $554,284 |
| 8 | Pemberwick | 9.0 | $122,546 | $966,393 |
| 9 | Mystic | 10.5 | $126,854 | $542,439 |
| 10 | Durham | 12.5 | $127,361 | $438,821 |
| 11 | Shelton | 14.5 | $112,366 | $484,367 |
| 12 | West Hartford | 16.0 | $124,150 | $423,572 |
| 13 | Stamford | 16.0 | $100,718 | $611,989 |
| 14 | Cheshire Village | 16.0 | $107,577 | $448,004 |
| 15 | Milford | 18.0 | $104,503 | $444,403 |
| 16 | Simsbury Center | 18.0 | $120,435 | $412,636 |
| 17 | Norwalk | 18.5 | $97,879 | $560,154 |
| 18 | North Haven | 18.5 | $121,250 | $405,967 |
| 19 | Byram | 19.0 | $92,500 | $1,006,242 |
| 20 | Glastonbury Center | 20.0 | $104,557 | $425,486 |
| 21 | Collinsville | 20.5 | $101,336 | $433,150 |
| 22 | Old Mystic | 24.0 | $112,734 | $356,635 |
| 23 | Lake Pocotopaug | 25.5 | $105,750 | $357,578 |
| 24 | Wethersfield | 26.0 | $108,656 | $353,993 |
| 25 | Bethel | 27.5 | $79,500 | $491,015 |
| 26 | Northwest Harwinton | 28.0 | $93,521 | $388,585 |
| 27 | Niantic | 28.0 | $82,398 | $436,222 |
| 28 | Danbury | 30.5 | $79,983 | $431,374 |
| 29 | Kensington | 31.5 | $99,423 | $341,309 |
| 30 | Portland | 31.5 | $94,923 | $354,774 |
| 31 | Clinton | 33.0 | $80,083 | $399,517 |
| 32 | Newington | 33.5 | $100,239 | $311,580 |
| 33 | Broad Brook | 34.0 | $93,243 | $344,495 |
| 34 | Colchester | 37.0 | $74,035 | $378,824 |
| 35 | New Milford | 37.0 | $70,625 | $412,440 |
| 36 | Wallingford Center | 38.0 | $83,618 | $331,641 |
| 37 | Waterford | 38.5 | $74,701 | $361,777 |
| 38 | Southwood Acres | 39.0 | $101,939 | $276,937 |
| 39 | Pawcatuck | 39.5 | $70,927 | $371,844 |
| 40 | Oakville | 40.5 | $82,701 | $308,651 |
| 41 | East Haven | 40.5 | $83,489 | $305,502 |
| 42 | Naugatuck | 41.0 | $91,145 | $295,263 |
| 43 | Branford Center | 41.5 | $76,500 | $332,820 |
| 44 | Sherwood Manor | 42.0 | $98,980 | $271,396 |
| 45 | Windsor Locks | 44.0 | $85,570 | $281,620 |
| 46 | Groton | 44.0 | $64,611 | $374,397 |
| 47 | Middletown | 45.5 | $75,120 | $302,920 |
| 48 | Bristol | 46.0 | $82,094 | $286,446 |
| 49 | Hazardville | 46.0 | $93,486 | $261,847 |
| 50 | Watertown | 47.5 | $67,252 | $336,719 |
| 51 | West Haven | 48.0 | $72,827 | $302,368 |
| 52 | Ansonia | 48.5 | $67,474 | $318,783 |
| 53 | Manchester | 51.0 | $73,265 | $279,308 |
| 54 | Derby | 51.0 | $69,835 | $294,531 |
| 55 | Stafford Springs | 53.0 | $68,929 | $294,009 |
| 56 | Storrs | 53.5 | $27,793 | $367,128 |
| 57 | Danielson | 56.0 | $69,007 | $269,981 |
| 58 | Bridgeport | 56.5 | $54,440 | $305,486 |
| 59 | Putnam | 57.0 | $60,539 | $294,924 |
| 60 | Terryville | 59.5 | $69,444 | $251,236 |
| 61 | Moosup | 60.5 | $64,466 | $262,318 |
| 62 | Meriden | 61.0 | $63,671 | $266,816 |
| 63 | New Haven | 62.0 | $54,305 | $279,194 |
| 64 | Torrington | 62.5 | $66,616 | $247,430 |
| 65 | East Hartford | 63.0 | $64,244 | $258,022 |
| 66 | Winsted | 64.0 | $66,250 | $238,921 |
| 67 | New London | 64.5 | $56,237 | $260,757 |
| 68 | Thompsonville | 64.5 | $57,662 | $258,192 |
| 69 | Norwich | 66.0 | $62,713 | $243,007 |
| 70 | New Britain | 67.5 | $53,766 | $251,760 |
| 71 | Waterbury | 71.0 | $51,451 | $232,478 |
| 72 | Rockville | 72.5 | $49,823 | $215,396 |
| 73 | Jewett City | 72.5 | $52,283 | $206,907 |
| 74 | Willimantic | 73.0 | $45,723 | $225,900 |
| 75 | Heritage Village | 73.5 | $46,663 | $213,745 |
| 76 | Hartford | 75.5 | $41,841 | $171,873 |