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:
“Rich are the sea-gods:Mwho gives gifts but they?
They grope the sea for pearls, but more than pearls:
They pluck Force thence, and give it to the wise.
Every wave is wealth to Daedalus,
Wealth to the cunning artist who can work
This matchless strength. Where shall he find, O waves!
A load your Atlas shoulders cannot lift?”
—Ralph Waldo Emerson (1803–1882)
“It was evident that, both on account of the feudal system and the aristocratic government, a private man was not worth so much in Canada as in the United States; and, if your wealth in any measure consists in manliness, in originality and independence, you had better stay here. How could a peaceable, freethinking man live neighbor to the Forty-ninth Regiment? A New-Englander would naturally be a bad citizen, probably a rebel, there,—certainly if he were already a rebel at home.”
—Henry David Thoreau (1817–1862)
“The honest Man has, I know, that modest Desire of Gain which is peculiar to those who understand better Things than Riches; and I dare say he would be contented with much less than what is called Wealth in that Quarter of the Town which he inhabits, and will oblige all his Customers with Demands agreeable to the Moderation of his Desires.”
—Richard Steele (1672–1729)