When everyone in the tri-state area hears about the town of Greenwich they think of wealthy investment bankers, or lawyers who make the daily commute to New York City every day. Greenwich is in close proximity to the city so it is easy to commute but it also makes it a haven for young families as well with much lower income. Actually according to a recent study there is a lot more lower income families living in a haven of "1 per centers"than we previously thought.
In actuality four percent of the Greenwich population live below the poverty line. How is this possible? Well instead of living on the grand estates like Stephen Cohen lower income families decide to live in the apartments located in the town. Even though they live in a very high income area they pay low costs of living and reap all the benefits of an extremely wealthy area such as schooling, and good public parks and infrastructure.
This has become a theme throughout the country. Low income families are finding affordable living in wealthy areas and benefitting from the amenities the wealth provides the area. The family members are also rewarded by this new trend by doing better in school.
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