Posted in Connecticut
September 08, 2018
Here Are The 10 Richest Cities In Connecticut
A list of the richest cities in Connecticut for 2018 was released by Homesnacks and we think you might be surprised at which places made the list. Unexpectedly, the wealth is spread throughout the state according to data looking at the median income of residents, along with poverty levels, and unemployment rates. To keep this list focused on city-sized spots, only communities with more than 9,000 people were considered.
Milford grabbed to the top place in this list of richest cities. In a city with a population of 52,005, the median income came in at $81,971. Other factors influencing the ranking of this city included an unemployment rate of 6.6% and a poverty rate of 7.1%.
Shelton places in the number two spot with a median income of $87,277. While the income number is higher than that of Milford, the higher unemployment rate of 7.9% gives this city a solid second place.
Fairfield County's Norwalk is the third richest city in the Nutmeg State. The median income is $80,896. The unemployment and poverty rates are 7.9% and 8.5% respectively.
Also in Fairfield County, the waterfront city of Stamford is ranked 4th on the list. The median income in this city is $81,634. The unemployment rate is 8.0% and the poverty rate is 8.9%.
The median income in Danbury is $67,430 helping to secure it's 5th place ranking. The unemployment rate is 7.3% while the poverty rate is higher at 11.2%.
Middletown, a riverside city south of Hartford, takes the 6th place spot with a median income of $63,828. The unemployment and poverty rates are 6.3% and 11.4% respectively.
The city of Bristol with a population of 60,437 is ranked number seven. The median income in Bristol is $61,551 while the unemployment rate is 7.8% and the poverty rate is 10.3%.
The largest city in Litchfield County, Torrington, grabs the number eight spot. Its median income is $58,717. The unemployment rate is 8.6% and the poverty rate is 10% in this city.
With a median income of $59,522, Naugatuck took ninth place. The unemployment rate in this city is 10% and the poverty rate is 9.6%.
Groton rounds out the list of richest cities in the number ten spot. $55,137 is the median income in this city while the unemployment and poverty rates are 7.5% and 13.4% respectively.
Are you surprised by this list of richest cities in Connecticut? Learn more about what methods were used to collect the data and how the statistics were calculated here. Whether you have money to burn or are living on a budget, everyone enjoys these free activities in the Nutmeg State.
