Is Fairfield, CT a wealthy area?
Much of Connecticut’s wealth is concentrated in lower Fairfield County. Several zip codes in Fairfield Country are amongst the wealthiest in the United States. It’s the most famous (arguably most expensive) town in Connecticut. Home to hedge fund managers, business tycoons, and celebrities, Greenwich offers sprawling estates, gated communities, and a charming downtown that feels like something out of a magazine.Bloomberg released its annual list of the 100 wealthiest towns in the U. S. Fairfield County, CT boasts five locations–four of them landing in the top 50. Darien is the top town, but Greenwich is represented twice in the top 50 with the Old Greenwich and Riverside being considered two separate towns.
Why is Fairfield, CT so expensive?
The Cost of Living in Fairfield, CT The Economic Research Institute reports that Fairfield’s cost of living is about 41% higher than the national average, earning it the nickname ‘Gold Coast of Connecticut. This higher cost is primarily driven by three factors: housing, utilities, and state taxes. How expensive is it to live in Fairfield? Based on our Fairfield cost of living calculator, Fairfield is 45% more expensive than the national average and 24% more expensive to live in than the average city in Connecticut. This assumes a $72,000 annual salary and a 2 Bedroom Apt.The cost of living in Connecticut is typically 15-25% lower than NYC, with housing costs being the biggest differentiator. However, your specific circumstances – career, family situation, and lifestyle preferences, determine which location offers better value for your money.Analysis of household income levels in Fairfield City in 2021 compared to Greater Sydney shows that there was a smaller proportion of high income households (those earning $3,000 per week or more) and a higher proportion of low income households (those earning less than $800 per week).One of the primary factors contributing to this elevated cost is housing. Homes in Fairfield come at a premium, with housing costs 221% above the national average. While this might be a tad intimidating, many residents will attest that Fairfield’s unique charm, amenities, and quality of life justify the expense.
Is Fairfield, CT a good place to live?
Fairfield is in Fairfield County and is one of the best places to live in Connecticut. Living in Fairfield offers residents a sparse suburban feel and most residents own their homes. Many young professionals live in Fairfield and residents tend to be liberal. The public schools in Fairfield are highly rated. Fairfield, CA has a higher overall crime rate (38.With a population of just under 120,000 people, Fairfield is a smaller city than nearby Sacramento and San Francisco, making it ideal if you’re looking for a city with a slightly slower pace but plenty to offer.The chance of becoming a victim of either violent or property crime in Fairfield is 1 in 56. Based on FBI crime data, Fairfield is not one of the safest communities in America. Relative to Connecticut, Fairfield has a crime rate that is higher than 82% of the state’s cities and towns of all sizes.