These Are The 10 Richest Cities In Connecticut For 2018

We analyzed over 60 places in Connecticut to determine where the 1% live.

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Milford, Shelton, Norwalk: These cities aren’t just some of the best places to live in Connecticut. They are also home to some of the richest people in the Constitution State.

Milford in particular houses the richest residents in the state thanks, in part, to a median household income of $81,971 and a ridiculously low poverty rate of 7.1%.

If you’re thinking of moving to one of these towns, you’ll probably need to start saving. The richest places in Connecticut share common characteristics such as having a genius level populous, sky high home prices, and a Pleasantville level of married couples.

How did we come up with these mega wealthy cities? We analyzed Census data from the 2012-2016 American Community Survey for the 21 places in Connecticut with more than 9,000 people.

At the end of the day, here’s the set of the 10 richest places in Connecticut for 2018:

  1. Milford (Photos)
  2. Shelton (Photos)
  3. Norwalk (Photos)
  4. Stamford (Photos)
  5. Danbury (Photos)
  6. Middletown (Photos)
  7. Bristol (Photos)
  8. Torrington (Photos)
  9. Naugatuck (Photos)
  10. Groton (Photos)

For more on how we calculated the top ten, read on or skip to the end for the full list of the richest cities in Connecticut.

Rich people not your cup of tea? Feel free to check out the best places to live in Connecticut or the poorest.

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How We Determined The Richest Places In Connecticut For 2018

The first thing that comes to most people’s minds when they think about determining the richest places is to simply identify 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 2012-2016 American Community Survey:

  • Poverty Level
  • Median Household Income
  • Unemployment Rate

Median household income is the most digestible way to understand how rich a place really is. The unemployment rate tries to capture the prospects for more people to become rich. If more people are employed, the richer the future looks.

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.
We then averaged all the rankings for a place into a ‘Rich Score’ with the place having the lowest overall Rich Score, Milford, crowned the ‘Richest Place In Connecticut For 2018’.

You can learn more about the top ten below or skip to the end to see the rankings for all 21 places.

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1. Milford

Milford, Connecticut

Source: Wikipedia

Population: 52,005
Median Income: $81,971
Unemployment Rate: 6.6%
Poverty Rate: 7.1%
Milford is a Coterminous municipality within Coastal Connecticut and New Haven County, Connecticut, between Bridgeport, Connecticut and New Haven, Connecticut. The population was 51,271 at the 2010 census. The city includes the borough of Woodmont and the village of Devon. Milford is part of the New York-Newark, NY-NJ-CT-PA Combined Statistical Area. It is the headquarters of the mega business Subway

2. Shelton

Shelton, Connecticut

Source: Wikipedia

Population: 40,979
Median Income: $87,277
Unemployment Rate: 7.9%
Poverty Rate: 5.0%
Shelton is a city in Fairfield County, Connecticut, United States. The population was 39,559 at the 2010 census.

3. Norwalk

Norwalk, Connecticut

Source: Wikipedia

Population: 87,930
Median Income: $80,896
Unemployment Rate: 7.9%
Poverty Rate: 8.5%
Norwalk (/nrwk/ NOR-wawk), is a U.S city located in southwestern Connecticut, in southern Fairfield County, on the northern shore of Long Island Sound. Norwalk is included statistically within both the New York-Newark, NY-NJ-CT-PA Combined Statistical Area as well as the Bridgeport-Stamford-Norwalk, CT Metropolitan Statistical Area.

4. Stamford

Stamford, Connecticut

Source: Wikipedia

Population: 127,410
Median Income: $81,634
Unemployment Rate: 8.0%
Poverty Rate: 8.9%
Stamford is a city in Fairfield County, Connecticut, United States. According to the 2010 census, the population of the city is 122,643. As of July 1, 2014, according to the Census Bureau, the population of Stamford had risen to 128,278, making it the third-largest city in the state (behind Bridgeport and New Haven) and the seventh-largest city in New England. Approximately 30 miles (50 kilometers) from Manhattan, Stamford is in the Bridgeport-Stamford-Norwalk Metro area which is a part of the Greater New York metropolitan area.

5. Danbury

Danbury, Connecticut

Source: Wikipedia

Population: 83,890
Median Income: $67,430
Unemployment Rate: 7.3%
Poverty Rate: 11.2%
Danbury is a city in northern Fairfield County, Connecticut, United States, located along the Still River approximately 70 miles northeast of New York’s city center. Danbury’s population at the 2010 census was 80,893. Danbury is the fourth most populous city in Fairfield County, and seventh among Connecticut cities. The city is within the New York combined statistical area and Bridgeport metropolitan area.

6. Middletown

Middletown, Connecticut

Source: Wikipedia

Population: 46,933
Median Income: $63,828
Unemployment Rate: 6.3%
Poverty Rate: 11.4%
Middletown is a city located in Middlesex County, Connecticut, along the Connecticut River, in the central part of the state, 16 miles (26 km) south of Hartford. In 1650, it was incorporated as a town under its original Indian name, Mattabeseck. It received its present name in 1653. Middletown was included within Hartford County upon its creation on May 10, 1666. In 1784, the central settlement was incorporated as a city distinct from the town. Both were included within newly formed Middlesex County in May 1785. In 1923, the City of Middletown was consolidated with the Town, making the city limits of the city quite extensive.

7. Bristol

Bristol, Connecticut

Source: Wikipedia

Population: 60,437
Median Income: $61,551
Unemployment Rate: 7.8%
Poverty Rate: 10.3%

8. Torrington

Torrington, Connecticut

Source: Wikipedia

Population: 35,227
Median Income: $58,717
Unemployment Rate: 8.6%
Poverty Rate: 10.0%
Torrington is the largest city in Litchfield County, Connecticut and the Litchfield Hills region. It is also the core city of the largest micropolitan area in the United States. The city population was 36,383 according to the 2010 census.

9. Naugatuck

Naugatuck, Connecticut

Source: Wikipedia

Population: 31,625
Median Income: $59,522
Unemployment Rate: 10.0%
Poverty Rate: 9.6%
Naugatuck is a consolidated borough and town in New Haven County, Connecticut, United States. The town spans both sides of the Naugatuck River just south of Waterbury, and includes the communities of Union City on the east side of the river, which has its own post office, Straitsville on the southeast (along Route 63), and Millville on the west (along Rubber Avenue). As of the 2010 census, Naugatuck had a population of 31,862.

10. Groton

Groton, Connecticut

Source: Wikipedia

Population: 9,240
Median Income: $55,137
Unemployment Rate: 7.5%
Poverty Rate: 13.4%
Groton /rtn/ is a town located on the Thames River in New London County, Connecticut, United States. The population was 40,115 at the 2010 census.

There You Have It – The Richest Places In Connecticut For 2018

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.

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: New London
3rd Poorest: Waterbury

For more Connecticut reading , check out:

  • These Are The 10 Most Dangerous Cities In Connecticut
  • These Are The 10 Best Places To Live In Connecticut According to Science
  • These Are The 10 Dumbest Cities In Connecticut
  • Detailed List Of The Richest Cities In Connecticut

    City Rank Median Income
    Milford 1 $81,971
    Shelton 2 $87,277
    Norwalk 3 $80,896
    Stamford 4 $81,634
    Danbury 5 $67,430
    Middletown 6 $63,828
    Bristol 7 $61,551
    Torrington 8 $58,717
    Naugatuck 9 $59,522
    Groton 10 $55,137
    Meriden 11 $55,547
    Derby 12 $55,316
    Norwich 13 $51,758
    West Haven 14 $50,831
    Ansonia 15 $43,386
    New Britain 16 $41,844
    Bridgeport 17 $43,137
    New Haven 18 $38,126
    Waterbury 19 $39,681
    New London 20 $35,357
    Hartford 21 $32,095

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