Connecticut's 'Gold Coast': Where the 1% Thrive

Fairfield County, Connecticut: A closer look at the 'Gold Coast' Fairfield County, located in southwestern Connecticut, is known for its extraordinary wealth. Recent data reveals a startling disparity in income, with the top 1% earning an average of $6 million annually, far exceeding the income of the bottom 99%. This concentration of wealth is evident in the high average home prices across the county. In Greenwich, the average home price has surpassed $3 million, a record high. Westport's average sale price is $1.57 million, and New Canaan's median home price is $3,274,500. Even the urban center of Stanford boasts an average family income exceeding $140,000, rising to over $200,000 in more affluent neighborhoods. This extreme wealth has led to Fairfield County being nicknamed the "Gold Coast." The county's economic landscape presents a fascinating study of wealth distribution and its impact on the region.