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CaptServo t1_iy5xdre wrote

Wet Bandit ass post.

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curbthemeplays t1_iy69hdh wrote

Tier 1: Greenwich, Darien, New Canaan, Westport. League of their own. There are also isolated areas of larger towns that fit in this elite group, namely Southport and Rowayton.

Tier 2: Fairfield, Wilton, Weston, Easton, Redding, Ridgefield, Woodbridge, Madison, Guilford, Glastonbury, Farmington, Essex, Avon, Simsbury, Roxbury, Washington, Bridgewater. These are towns that are rather well off uniformly, but have a level of access that Tier 1 doesn’t. Upper middle class can live comfortably in these towns.

Then you’ve got isolated areas of wealth in towns that are otherwise not super wealthy. Thinking Stonington Borough, Fenwick, Pine Orchard in Branford, bits of the Lyme’s, Prospect Hill New Haven, much of coastal Milford, coastal Mystic and Noank, Shippan in Stamford, etc.

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BeachAdjacent t1_iy5sobg wrote

West Hartford, Avon, Simsbury, Lyme . . those are all "small m" millionaires. Whoever is answering with those towns doesn't truly understand the monumental wealth gap between working class / middle class / upper middle class, and the ultra-wealthy. A blue-collar worker living paycheck to paycheck has FAR more in common with a single-digit millionaire than that millionaire has in common with the Greenwich billionaire crowd.

Connecticut 's dangle - those 5 or 6 towns are among the highest concentrations on wealth on. the. planet. earth.

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TriStateGirl t1_iy7rggf wrote

Is the dangle the tail near New York? While Greenwich and New Canaan are there, it's interesting to see the wealth gap in places like Stamford.

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daveashaw t1_iy5nsdy wrote

Greenwich/Old Greenwich; Darien; Westport.

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biffNicholson t1_iy6h5rl wrote

Yep, apparently Darien is #1 if you go by median household income

Darien has a median household income of $232,523.

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daveashaw t1_iy82dub wrote

Right. It wouldn't surprise me if the highest mean would be Greenwich because of all the hedge fund folks, but the median is a much more useful measure.

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Few-Information7570 t1_iy675is wrote

I wouldn’t throw westport in there. Westport would be more second tier along with Weston. Then you would have tier 3 with ridgefield, wilton, and Fairfield.

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mkiv808 t1_iy6zodx wrote

Westport has much more extreme wealth than Weston. The demographics may say Weston has a similar income, but that’s because it’s a smaller, more homogenous town. Westport is considerably more expensive and has far more homes in the 8 figure range.

Average single family sales price: $2.2M

https://www.williampitt.com/community-real-estate/fairfield-county/westport-ct/market-report

Weston: $881k

https://www.williampitt.com/community-real-estate/fairfield-county/weston-ct/market-report

Westport is also double the price per square foot. Not even close.

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Few-Information7570 t1_iy75qxq wrote

I get your point. I guess I just assumed most of that 8 figure range is in certain enclaves of Westport.

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ZestyItalian2 t1_iy5kqtc wrote

Greenwich, Darien, Westport, New Canaan, West Hartford

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danhm t1_iy5n9xj wrote

West Hartford doesn't really belong on this list in my opinion. It does have some rich residents but the per capita income for the town is $54k. Greenwhich is at $98k, Darien is at $116k, and so on. It's more upper middle class yuppies in West Hartford than the ultrarich types you'll find in the southwest of the state.

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JaKr8 t1_iy70cmv wrote

It's somewhat relative, Avon/ Glastonbury/Farmington/West Hartford are wealthy towns with respect to metro Hartford.

New Canaan/Darien/Wilton/Weston (etc) are wealthy WRT metro NYC. Which makes them the elite of the elite.

Most of these towns are great places to live, we have lived ourselves, and/or have relatives in all of them save Darien.

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Few-Information7570 t1_iy670eu wrote

Stop trying to make west hartford on par with Gold Coast Fairfield county. Frankly west hartford is way more livable, human, and worthwhile.

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ZestyItalian2 t1_iy68fbt wrote

Those other towns are also extremely livable, human, and worthwhile. That’s why everyone wants to live there. Drive around Westport and tell me it isn’t livable. You’ll sound insane.

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Few-Information7570 t1_iy68yeu wrote

For one thing I don’t put westport on the same tier as Darien and Greenwich. I live in lower Weston and am very familiar with Westport. I find it has more shortcomings than positives where the people are concerned. Whereas in West Hartford, when visiting, I have found the people to be very normal and down to earth.

West Hartford is like any upper middle class suburb in any rich area in the country. Lower Fairfield county is a beast.

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Frequent_Jelly_4138 t1_iy85i0u wrote

What’re you talking about? The median home price in Westport is over 2 mil. And that’s not because of expensive outliers. There’s hardly any houses for sale there under 1M and anything that is will be bought overnight, redeveloped, and listed for 2.2M

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Few-Information7570 t1_iy86lw4 wrote

No I think the market is slowing. Anyway I’ve known westport for some thirty years. It has its cycles.

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Frequent_Jelly_4138 t1_iy8960q wrote

Ok fair but that doesn’t mean that Westport isn’t in the upper echelon of the state, certainly shouldn’t be lumped in with Weston and Wilton where homes are available for less that 7 figures

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Few-Information7570 t1_iy8d6sg wrote

This is an odd conversation ( a bit vomitous even). There are homes available in Westport for under 7

0

WestRiverTraveler t1_iy8ixkk wrote

West Hartford and the Farmington valley towns are so desperate to be on par with FFC…lol. It’s like the people who move to Madison from Clinton or Waterford. They think they’ve made it. This is coming from a Madison resident who knows that Madison, West Hartford, etc aren’t on the same level as the $$$ FFC towns

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ijuanaspearfish t1_iy5edpk wrote

Westport, Greenwich, Woodbridge, Avon, Simsbury, Suffield, Somers...around those areas

Im sure there are a few more

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djln491 t1_iy5yp49 wrote

Greenwich Greenwich and then coming in right behind those is Greenwich

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[deleted] t1_iy5kcug wrote

Rowayton

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mynameisnotshamus t1_iy5ssgk wrote

You mean Norwalk? Nahhh not close

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curbthemeplays t1_iy689hu wrote

Rowayton itself is extremely wealthy. It’s one of the most expensive zip codes in the state.

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mynameisnotshamus t1_iy6lnq4 wrote

I know, I just enjoy meeting someone from Rowayton and talking to them about how they live in Norwalk. For those not in the area, it’s a really nice coastal area of Norwalk bordering Darien. The people there don’t tend to like it being pointed out that they’re from Norwalk.

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gewehr44 t1_iy8ovwp wrote

They are reminded every time they pay their property tax!

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singeworthy t1_iy5nfya wrote

Lyme CT is actually the answer here, low key BIG money, take a ride through there sometime.

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WestRiverTraveler t1_iy5olkr wrote

Yes and no. It’s def low key big money, but it’s not on the level of New Canaan and Darien.

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DifferentManagement1 t1_iy62jd5 wrote

Greenwich, Darien, New Canaan, Southport, Westport. In that order

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mkt853 t1_iy8yt0z wrote

Greenwich is the closest CT comes to the ostentatious wealth you find in the Hamptons or some wealthy enclaves of LA.

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Vote4SovietBear t1_iy5oj9r wrote

You could even do a Google Maps satellite view of Greenwich and you’ll see massive homes with pools, tennis courts, and guest houses.

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Imispellalot t1_iy6nvuv wrote

Waterbury. Definitely Waterbury.

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MenaciaJones t1_iy6ew8e wrote

Definitely not Wallingford, nothing to steal, er, see here.

0

BlkOwndYtFam t1_iy5mxmu wrote

You're talking about nouveau riche. My uncle lived and died in Marlborough and was so loaded that an error of an entire million dollars was made in his estate. He didn't even drive as far as I know.

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[deleted] t1_iy5md64 wrote

[deleted]

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mynameisnotshamus t1_iy5taoj wrote

I haven’t seen a Bugatti, but I’ve seen just about every other super car / big money car while driving around Fairfield county.

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JLPhiTau t1_iy5vld4 wrote

I literally saw a Chirion drive down Long Ridge in Stamford 2 months ago. I was surprised but not that surprised.

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Prestigious-Winter61 t1_iy5v3p3 wrote

I think I once saw a McLaren and an Aventador in Hartford, but I don't get out much.

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Vonderdonk t1_iy5wedp wrote

I lived on Fairfield County for 30 years, and worked in a residential speciality trade. I now live east of the river…which is much more my style.

There’s nothing like the money in Greenwich, and to a slightly lesser degree, Darien and New Canaan. The wealth is almost sickening…

But those millionaires are smart, and many, especially the other hedge funders, have been leaving the state, mostly for Florida. Doesn’t bode well for our future tax base.

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buried_lede t1_iy5xs05 wrote

It’s the estate taxes. They have always done that. You know the adage is “Don’t die in Connecticut.

On top of that, our probate courts are still creepy, even after many reforms. They operate off the record, most of the time. The lawyers stuff their bills like it’s a Thanksgiving turkey and the judges just love that. No one wants to depend on CT probate courts, especially if you’re rich. And casual ex parte communications is shockingly common. I hate the CT probate system. I’d take NY probate over Ct any day- more professional

Screw them for dodging estate taxes, especially since they raised the cap, but the rest of it, rich or poor, probate practice in CT is corrupt.

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