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Hi asanteq,
I think among others, you can consider Fairfield (town of). It has good schools, and it is convenient to both Milford and Bridgeport (New Haven a bit further but not bad). Rents have dropped in the last year so you will have no problem finding a townhouse, perhaps even walking distance to schools, at a reasonable price.
Other towns to consider: Trumbull (not on the water), Milford, and Stratford. Trumbull and Fairfield will be more upscale that the other two. Milford will have the best shopping.
Best wishes with your move,
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