Wealth
Both the Official AENGLC Wealth Value and the CPR AENGLC Wealth Value show Greenwich as having the highest wealth value in Connecticut at over $430,000 per person. The AENGLC is based on the value of residential and commercial real estate and measures the town's tax base available to pay for public education(see Conn. Dep of Ed). It is not a measure of the personal wealth of individual residents. New Canaan is the wealthiest town in Connecticut, with a per capita income of $82,049, second is Darien at $77,519 and Greenwich third at $74,346 per the 2000 Census.
Greenwich was the highest income place with a population of 50,000 or more in 2000. However, using the list of the 100 richest places in the United States with at least 1,000 households yields a different result. This is the most common list used for referring to the richest communities in the country, as it eliminates any places with unsubstantial populations. On this list Greenwich ranks 56th after New Canaan at 32nd, Darien at 44th, and Weston at 55th.
The median price for a single-family home in town was $1.7 million in 2006, when about 140 properties sold for $5 million or more, according to Prudential Connecticut Realty. In 2007, the highest asking prices for residential property in town were $39.5 million for the 76-acre (310,000 m2) estate of actor Mel Gibson on Old Mill Road, $19.7 million for a 13,000-square-foot (1,200 m2) mansion on 8.7 acres (35,000 m2) with a private lake, and $38 million for an estate with formal gardens and a greenhouse the size of a cottage.
Read more about this topic: Greenwich, Connecticut
Famous quotes containing the word wealth:
“... wealth and female softness equally tend to debase mankind!”
—Mary Wollstonecraft (1759–1797)
“My topic for Army reunions ... this summer: How to prepare for war in time of peace. Not by fortifications, by navies, or by standing armies. But by policies which will add to the happiness and the comfort of all our people and which will tend to the distribution of intelligence [and] wealth equally among all. Our strength is a contented and intelligent community.”
—Rutherford Birchard Hayes (1822–1893)
“No man, however benevolent, liberal, and wise, can use a large fortune so that it will do half as much good in the world as it would if it were divided into moderate sums and in the hands of workmen who had earned it by industry and frugality. The piling up of estates often does great and conspicuous good.... But no man does with accumulated wealth so much good as the same amount would do in many hands.”
—Rutherford Birchard Hayes (1822–1893)