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Study: Stamford Ranks As Second Wealthiest City In The Northeast

Stamford ranks second in the wealthiest cities in the Northeast, according to NerdWallet, and 64th nationwide.
Stamford ranks second in the wealthiest cities in the Northeast, according to NerdWallet, and 64th nationwide. Photo Credit: JonathanVictor via Wikimedia

STAMFORD, Conn. -- Fairfield County ranked high in the Northeast in a recent study by NerdWallet of the wealthiest cities in America, with Stamford reaching second and Danbury and Norwalk making it into the Top 10 for the region.

NerdWallet, a personal finance website, looked at about 500 cities with populations greater than 65,000, and analyzed median income, home values, credit limits and percentage of homes without mortgages.

Stamford, came in behind Newton, Mass., and just ahead of New Rochelle, N.Y. Norwalk finished fifth while Danbury came in at ninth, NerbWallet says.

Stamford ranked 64 in the nationwide, with:

  • a median income of $88,686,
  • median home value of $447,900,
  • average credit limit of $50,904, and
  • 28 percent of homes without mortgages.

The wealthiest city in America is Palo Alto, Calif., NerdWallet reports.

Palo Alto's median income is $151,370, with a median home value of $2,503,600, 34 percent of homes without mortgages, and the average credit limit is $71,696, NerdWallet says.

Back in Fairfield County, NerdWallet notes that each of the three top cities is home to a Fortune 500 company.

Click here to read NerdWallet's article .

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