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Where Do Millionaires Live in CT?

Published in Connecticut Wealthy Areas 2 mins read

Millionaires in Connecticut are predominantly found in affluent communities characterized by high median home values and exclusive amenities, particularly concentrated in Fairfield County and along the scenic coastline. These areas offer luxury living, privacy, and convenient access to major urban centers.

Top Communities for Affluent Residents

Recent census data highlights several towns and neighborhoods in Connecticut as home to the wealthiest residents, indicated by their exceptionally high median home values. These locations are often sought after for their picturesque settings, excellent school systems, and sophisticated lifestyles.

Here are some of the top places in Connecticut based on median home values:

Rank City/Town Median Home Value
1 Tokeneke $2,000,000+
2 Fenwick $2,000,000+
3 Old Greenwich $1,632,000
4 Riverside $1,626,900
  • Tokeneke and Fenwick are often private associations known for their exclusive waterfront properties and secluded environments.
  • Old Greenwich and Riverside are affluent neighborhoods within the larger town of Greenwich, recognized for their proximity to New York City, top-rated public and private schools, and a variety of upscale recreational opportunities.

Characteristics of Affluent Connecticut Neighborhoods

These prime locations attract wealthy individuals and families due to several key features:

  • High Median Home Values: The primary indicator of a concentration of wealth, with properties often exceeding multi-million dollar valuations.
  • Proximity to Major Urban Centers: Many affluent towns, especially in Fairfield County, offer an easy commute to New York City, making them ideal for professionals and executives.
  • Exclusive Amenities: Residents often enjoy access to private beach clubs, golf courses, yacht clubs, high-end shopping, and fine dining establishments.
  • Excellent Educational Opportunities: The presence of highly-rated public schools and prestigious private institutions is a significant draw for families.
  • Scenic Beauty and Waterfront Access: Many of these communities are located along the Long Island Sound, providing stunning coastal views and opportunities for water-based activities.

For more detailed insights into Connecticut's wealthiest areas, you can explore comprehensive reports on the richest places in Connecticut, often informed by the latest census data.