Posts Tagged ‘wealthy’

Sorry CBS, Stamford is not America’s richest city

Monday, February 25, 2013 by:Maggie Gordon
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(via CBS)

According to CBS, Stamford is the richest city in the nation. But that’s not an accurate analysis of the census data the broadcasting company used to name the No. 1 neighborhood.

The Top 10 list published last Friday by CBS names Stamford as the No. 1 richest city in the nation, thanks to a high saturation of wealthy residents: 17.9 percent of residents are among the top 5 percent of earners in the nation, according to the piece. But in actuality, that’s 17.9 percent of residents in the entire Stamford-Bridgeport metro area, something that’s mentioned in the story, but not really made clear.

If the CBS report ranked actual municipalities, Stamford would not have even made the top 10, let alone snag the top spot. Heck, the city doesn’t even crack the top 10 wealthiest in Fairfield County.

The top 5 percent of the nation’s households earn more than $191,469 a year. Here’s a breakdown of how the towns in Fairfield County stack up, when comparing the percentage of households in each that earned $200,000 or more.

What’s in a ZIP code?

Tuesday, February 19, 2013 by:Maggie Gordon
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On Thursday, we’ll run a complete list of each of Southwestern Connecticut’s 53 ZIP codes, ranking them from wealthiest to least wealthy here on the Trending blog and in print in the Hearst Connecticut’s four daily newspapers (Greenwich Time, Stamford Advocate, Danbury News-Times and Connecticut Post). But why wait until then to begin having a bit of fun with the data we’ve sifted?

Which ZIP code do you think will have the distinction of being named the wealthiest in Southwestern Connecticut, based on median household income numbers provided by the U.S. Census Bureau?

Here’s a peek at some of the front runners. Let us know which neighborhood you think will end up on top in the poll beneath the slideshow.

Which ZIP do you think will be the wealthiest?

Which ZIP code do you think has the highest median income in Southwestern Connecticut?

View Results

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Which towns buoyed the Gold Coast in earning designation of home to most super-rich?

Tuesday, February 12, 2013 by:Maggie Gordon
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A home on Bernhard Drive in Weston. Contributed photo.

The U.S. Census Bureau released a first-of-its-kind report this week, which found that the Stamford-Bridgeport-Norwalk metro area has the highest concentration of super-rich households in the nation.

As we report in Wednesday’s newspaper, “the report found that 17.9 percent of households in the area, which covers the exact same territory as Fairfield County, have incomes in the top 5 percent nationally. That means that roughly 18 in 100 homes in Southwestern Connecticut had earnings above $191,469 per year in 2011 dollars over the five-year span between January, 2006 and November, 2011.”

But which towns anchored our area? The answer is simple: It’s the usual suspects.

Since we don’t  have access to as much data as the Census Bureau has at its fingertips, we used the most comparable cutoff we could find to define super-rich for the purpose of this purely unscientific blog post — the percentage of homes in each Fairfield County town earning $200,000 or more.

With that in mind, here’s the top three towns with the highest concentration of 5 percenters: Continue reading →

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