HEADLINES

Four CT Towns Make Bloomberg’s Top 50 Wealthiest List, Madison Ranked 35 for CT Towns in ACS Report.

Bloomberg released its list of wealthiest towns in the US based on household income.  Connecticut made a strong showing, along with New Jersey, New York, Connecticut, and California.

For Madison the mean adjusted income per household was $113,856 according to the 2017 American Community Survey, which has it ranked 35 out of the 120 towns.  The number of households in Madison as per the survey is 1,204.

The Bloomberg Richest Places List includes has four CT communities: Darien, Old Greenwich, Westport, and Riverside. Darien Connecticut is the only town in the top ten with an average household income of $341,090.

According to Bloomberg, the Silicon Valley town that billionaires Eric Schmidt of Google and Facebook’s Sheryl Sandberg have called home is America’s richest community for the third year in a row.  The town Atherton, California, whose household income averaged $450,696 in 2017, topped the Bloomberg Richest Places annual index.

More than half the top 100 richest places in America were either in the New York City area or California. A handful of Midwest and Southwest areas made the top 20.

For the 2019 Bloomberg Richest Places full data set, click here.

Wealth is concentrated in six counties: Westchester in New York, Bergen in New Jersey, Fairfield in Connecticut, Cook County of Chicago, Los Angeles County, and Montgomery County, Maryland.

Methodology

Bloomberg evaluated inflation-adjusted household data for all U.S. places, as defined by the Census, with a minimum of 2,000 households and ranked them based on average household income. Nearly 6,250 met the criteria.

Average household income excluded households without any type of income.

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