In fact, most have bigger bank account than you will ever have. 43, up three spots from 2019. 1. First, is the population with the legal limits of an incorporated city. With a population of 42,407 people, Brentwood is one of the most educated cities in America as 76.1 percent of adults living there hold a bachelors degree. New York. In 2019 the median home value was more than $2,000,000now, in 2022, Zillow reports that the typical home value in the California city is a whopping $4,150,436. Considering this city has its very own television show centered around wealthThe Real Housewives of Potomacits no surprise that its one of the richest places in America. However, in the run up to the November election, President Donald Trump indicated he was open to a $2 trillion deal. For more detailed lists of rankings of counties and places in the individual states, see the following pages: Language links are at the top of the page across from the title. We added hundreds of new lists - see our top 101 city lists. Using data from the US Census, Bloomberg evaluated inflation-adjusted household data with a minimum of 2,000 households. Income distibution for all U.S. cities. With an average house value of $2.33 million, you'll need to be earning a pretty penny to even think about making this town your home. The top 20 richest towns in America all boast average household incomes above $300,000, while the top five ring up above $400,000. An average household income closer to $200,000 is now required to break into the top 100 compared with about $190,000 in last years Bloomberg analysis. Atherton, the upscale community south of San Francisco, has been home to the former chairman of Google Eric Schmidt and brokerage boss Charles Schwab. This city has it all - Grand houses. Where do you go if you want to see the richest people in the nation? [3], The difference in estimates of per capita income and per capita personal income is large. Another interesting fact about the city? Another way we looked at the data was to measure income disparity in each location. In order to focus on cities, there is a 1,000-household minimum to be included in the study. Three other western Chicago suburbs made the top 100: Burr Ridge, Oak Brook and Hinsdale. The community has at least nine country clubs. It's safe, friendly, and there are great schools. The top ten richest cities in the United States are: Atherton, CA has the highest average household income of $450,696, more than seven times higher than the national median income. Here are the Top 10 Richest Places in America and how they split their Heroes Act bailout allocation: #1. Top 100 cities with highest median household income Previous toplist Next toplist . Probably. Atherton, CA (income: $525,324/ bailout: $3.8 million) With a median home price of $7.5 million, Atherton is home to tech billionaires and sports stars. The source of the data is the U.S. Census Bureau and the data is current as of the indicated year. He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move. The town was ranked in the top 20 wealthiest cities in the . None of the richest cities in the country are particularly large. Regions that were once home to the richest cities in the U.S. such as the Midwest and New England during the time of John D. Rockefeller, Andrew Carnegie and Joseph P. Kennedy now have fallen behind new centers of wealth on the West Coast and booming southern states like Texas. In most of these cities, people have it made, financially. Winnetka, IL (income: $353,700/ bailout: $6.1 million) Located next to Glencoe, the village is home to many notable persons. Notable residents include CEOs, actors, pro sports players, and authors. Add CEOWORLD magazine to your Google News feed. According to the 2010 census, Hunting Valley has a population of around 700 individuals who make an average of $144,281 per year. It turns out New Hampshire is the richest state in the country. More than half of the 100 richest cities in the United States were in the New York City area or California. Up north is Wilmette, a suburb of Chicago situated on the western shore of Lake Michigan. Some parts of this area are just off the charts out of touch with reality. And while it might be easy to scoff at the success of folks here, you have to remember, just about everyone here worked their butts off to get to where they are. We were. The demographics of the United States are always changing. Here are some other details: Adults with at least a bachelor's degree: 69.7% (57th highest of 1,775 . #4. Country Clubs Rank. But are most of their bank accounts pretty fat? The population and per capita personal income estimates of metropolitan statistical areas are used in the following table. Nearly 6,200 met the criteria. 19. About 63,000 people lived there as of 2019, and of the adult population 85.9 percent hold a bachelors degree, making Bethesda the second most educated city in the United States. Does being rich make you a happier person? It's pretty easy to see where the richest people live. Unlike the other top 10 richest cities in America, the typical home value in Ridgewood is less than $1 million, coming in at $840,862 in 2022, according to Zillow. In fact, people here are more likely to downplay their money than show it off. In addition, this city has a low unemployment rate, and one of the state's lowest poverty rates. 15. As of 2022, the median home value is listed at $1,277,815, according to Zillow. Overall, the average households bring in pretty big salaries every year. By Census region, 14 counties are located in the South, 7 in the Northeast, 4 in the West, with none located in the Midwest. Accessibility to a city center is typically a key characteristic of the cities on the list. We looked at the most recent census data to determine where the 1% call home. Cities may be defined as the cities proper, the extent of their urban area, or their metropolitan regions. Some of the biggest companies with offices in the city include Roku, Sees Candies, and a handful of software companies (Saratoga is on the outskirts of Silicon Valley). There are six cities in where the median household income is less than $20,000: (1) Livingston, Alabama; (2) Hawaiian Ocean View, Hawaii; (3) Homer, Louisiana; (4) Highland Park, Michigan; (5) Albany, Kentucky; and (6) Allendale, South Carolina. We then averaged the three rankings into a rich score with the lowest overall score being crowned richest in America. The average in Clarendon Hills, Illinois, about 25 miles west of downtown Chicago, jumped 15 percent in 2016 from the prior year to break into the top 100 for the first time with a tally of $199,325. After the analysis was over, we crowned Cary as the richest city in America for 2022. You won't see condos here. Perhaps. We use data, analytics, and a sense of humor to determine quality of life for places across the nation. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. As of 2019 the citys population was just less than 30,000 with the poverty rate teetering at 4.4 percent. When you click through real estate links on our site, we earn an affiliate commission. By Census region, 14 counties are located in the South, 6 in the Northeast, 4 in the West, and 1 located in the Midwest. America's 50 Wealthiest Towns City and Rank 1. For each location in the U.S., Bloomberg evaluated inflation-adjusted household income data from the past 12 months, with a minimum of 2,000 households, and ranked each by average household income. United States locations by per capita income, List of highest-income counties in the United States, Highest-income counties and places by state, Town and County of Nantucket, Massachusetts, City and County of San Francisco, California, List of United States counties by per capita income, List of lowest-income counties in the United States, "District of Columbia region boasts four richest counties in U.S.", Median Household Income in 2009 Inflation-Adjusted Dollars based on the 200509 American Community Survey, "Income, Earnings, and Poverty Data From the 2007 American Community Survey", Matt Woolsey, America's Richest Counties, Forbes.com, 01.22.08, 6:00 PM ET, "N.J. has four of nation's 20 highest-income counties", U.S. states and territories by per capita income, Highest-income counties in the United States, Highest-income metropolitan statistical areas in the United States, Highest-income urban areas in the United States, Highest-income ZCTAs in the United States, Lowest-income counties in the United States, Named after Confederate historical figures, Office of the Director of National Intelligence, Greenhouse gas emissions by the United States, Births of U.S. states and territories by race/ethnicity, Race and ethnicity in the Equal Employment Opportunity Commission, https://en.wikipedia.org/w/index.php?title=List_of_highest-income_counties_in_the_United_States&oldid=1131933230, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 6 January 2023, at 13:18. Together, these two factorshigh college education and low poverty ratesare common among Americas richest cities (which will be apparent in the slides ahead). Thirty-seven of the 100 richest cities are located in six counties in the United States. Or if you're simply not interested in reading about the high and mighty, and you don't care about this list, check out: Here in Cary, North Carolina, things couldn't be more rich. New York City took first place as the Big Apple's number of millionaires . It's a different type of place from the rest of the state. We're climbing higher and higher up the money tree, as we visit the very wealthy city of Centennial, Colorado. It includes income from domestic sources as well as the rest of world. Some of these neighborhoods are where you go to for sell Girl Scout cookies or candy bars or where all the poor kids go trick-or-treating on Halloween. Despite being home to more than a third of the countrys richest cities, California is not the richest stateMaryland, with a median household income of $86,738, isnor is it home to the richest city. Folks here have great jobs, work hard, and hardly anyone in town struggles to make ends meet. We mean, specifically, which parts of the country. How does 20% of Kansas rank as the wealthiest cities in the nation? Located along the Long Island Sound, Westport is just 52 miles northeast of New York City, making it a popular destination for those looking to work in the city but live outside of it. Number of counties by state in the top 100: Virginia 10 plus 5 independent cities, Maryland 9, California 8, New Jersey 8, Georgia 7, Colorado 6, Illinois 6, Minnesota 5, New York 5, Texas 5, Alaska 3, Connecticut 3, Ohio 3, Pennsylvania 3, Wisconsin 2, Massachusetts 2, Michigan 2, Indiana 1, Kansas 1, Kentucky 1, Missouri 1, New Hampshire 1, New Mexico 1, Tennessee 1, Utah 1. You won't see too many police officers around, but when they police are called, they show up in minutes. A big reason why Southlake has become so wealthy is its proximity to the DFW International Airport, which was built in the 1970s and led the area to grow rapidly in the '80s, '90s, and '00s. Folks here rank 19th for income levels, and 2nd-lowest for number of people living in poverty (3.51%). For the rest of America, we can feel better about ourselves when we define rich as love, friends, health or the little things in life. The town of 152569 high-priced residents has a median income of $150,464 and a median home value of $1397200.0. Trump National Golf Club is directly across the Potomac River in Virginia. Immediately to the south, you've got Cupertino, home of Apple. But snobs can work hard, can't they? And this isn't a. Norwich is a delightful town in Windsor County with a population of 3,612 as of 2020. . if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'homesnacks_com-large-mobile-banner-1','ezslot_9',117,'0','0'])};__ez_fad_position('div-gpt-ad-homesnacks_com-large-mobile-banner-1-0'); Ca Ching, Ca Ching, Ca Ching. Its also saturated with celebrity homes. While that might seem high, for an entire city, it's really low. Los Gatos, California, 95030 Just making it into the list of the 20 richest zip codes in the United States is 95030 in Los Gatos, California. Similar cases include Central Falls, Rhode Island, whose population peaked at 25,808 in 1930; East Cleveland, whose population peaked at 40,047 in 1950; and Highland Park, Michigan, whose population peaked at 52,959 in 1930. There are seven cities in which the median household income is in excess of $250,000. The COVID-19 pandemic has affected both high- and low-income communities, but its unclear why such wealthy neighborhoods need so much money to weather the storm. GOOG Looking at the average household income, we have compiled a list of richest towns in the country using data from the American Census Bureau's American Community Survey. According to Zillow, the 2022 median home value is $1,112,584. 10. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'homesnacks_com-medrectangle-3','ezslot_0',143,'0','0'])};__ez_fad_position('div-gpt-ad-homesnacks_com-medrectangle-3-0');The general assumption is going to be suburbs of major cities where people live in big homes, away from the grimy, packed downtown areas. 2); Hillsborough, California (No. San Francisco was followed in this regard by Seattle and . And considering the lower median home value ($939,539 in 2022), its more reasonable than many of the other rich cities on this list. Is it snobby here? All these cities have at least 1,000 households. Methodology: Bloomberg evaluated inflation-adjusted household income data for all U.S. "places", as defined by the Census, with a minimum of 2,000 households and ranked them based on average household income. With an average household income of more than $525,000, it became the first and so far only community to top the half-million dollar mark since Bloomberg started compiling the index in 2017. Like the California cities ranking among Americas top 10 richest cities, San Carlos is very tech oriented thanks to its proximity to Silicon Valley. We aim to deliver bite-sized pieces of infotainment about where you live. Here are the nine places in the D.C. region in the top 100 on Bloomberg's 2020 Richest Places . 9. Here is the list of top 14 wealthiest towns in America as of April 2023 1. "The homes in Atherton are spectacular," Swann told CNBC Make It. The typical Maryland household earns $78,945 a year, or $21,328 more than the typical American household. When HomeSnacks looks at a place to live, we study the stats you can find anywhere on the web. That would be the people in Pearland, Texas. But thats not all the city is known for. Atherton is joined by Scarsdale, New York (No. Now the Midwest is. The 10 Richest States In America For 2023 New Hampshire Utah Minnesota Hawaii Maryland Virginia Colorado North Dakota Washington Nebraska What's the richest state in America for 2023? (adsbygoogle = window.adsbygoogle || []).push({}); With an average household income of more than $525,000, Atherton, California is the richest town in the United States, thats according to a Bloomberg report. Scarsdale, New York 3. Opinions expressed by Forbes Contributors are their own. The city boasts a population in which 69.7 percent of adult residents have at least a bachelors degree. Rank City Income; 1. Below youll find the table: Opinions expressed by Forbes Contributors are their own. Number of counties by state in following lists: Virginia 6 plus 2 independent cities, Maryland 4, New Jersey 3, New York 3, California 2, Colorado 1, Georgia 1, Pennsylvania 1, Tennessee 1, Utah 1. Continue with Recommended Cookies. Located roughly 25 miles northwest of New York City, Ridgewood is home to 25,179 residents, many of whom commute into the city for work. Would you have guessed Detroit, Cleveland and Hartford, Connecticut? Bronxville is regularly voted one of the most expensive suburbs of any of America's ten largest cities. The rich and famous in Dubai enjoy a lifestyle of luxury and extravagance that is unrivaled anywhere else in the Switzerland is a landlocked country located in the heart of Europe. A Bloomberg report identified the 100 richest towns in America, and 16 NJ towns are on it. Its located five miles north of Dallas. America's 100 Richest Places By Shelly Hagan and Wei Lu March 5, 2018 The richest communities in America for years have been in Silicon Valley and the New York City area. RANKED: These Are The 50 Richest Towns To Live In The United States, 2020 Sophie Ireland C-Suite Lifestyle February 21, 2020 With an average household income of more than $525,000, Atherton, California is the richest town in the United States, that's according to a Bloomberg report. Switzerland Disney resorts are not just an epicenter for fun; they represent the collective memories of our childhood nostalgia. Population: 125,817Rank Last Year: 3 (Down 4)Median Income: $102,764 (19th best)Unemployment Rate: 3.8% (29th best)More on Pearland: Real Estate|Crime|Cost Of Living. The consent submitted will only be used for data processing originating from this website. 5). In these wealthy communities, the average household income ranged from #1 Atherton, CA ($525,324) to #50 Darnestown, MD ($262,988). Just about all households who live here earn well over $100,000 a year annually. The effect of adjusting the per capita personal income by the cost of living is to narrow the difference in the standard of living between most high-income cities and most low-income cities. Outside of Washington, South Kensington, Maryland, landed among the top 100 wealthiest in the 98th spot. Here's a look at the poorest cities in America: Chris Kolmar has been in the real estate business for almost ten years now. You can find out more about him on LinkedIn or his website. 3); and Cherry Hills Village, Colorado (No. The richest cities in each state: Some of wealthiest are in California, Maryland, New York and Virginia Grant Suneson, Evan Comen and Samuel Stebbins 24/7 Wall Street 0:00 1:09 The median. While the wealth of the city is high, the poverty rate is notably low, at just 2.5 percentthe 11th lowest of 1,775 cities. The city is very family oriented, with 60.5 percent of the 6,414 households including children and 88 percent of homes inhabited by married couples. 1. Its average household income of $219,654 paired with a low Gini indicates the majority of households are similarly well-off. Although Los Altos isn't the wealthiest city in the U.S., it does boast the highest median home value. Additionally the city has one of the lowest median home values (of the richest cities, that is), listed at $797,480 in 2022, according to Zillow. Los Gatos is in Santa Clara County, and the median listing price for properties is $2,630,000. Copyright 2008 - 2023 CEOWORLD magazine. A common theme among these poor cities is de-industrialization. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks. Los Altos Hills, California 6.. Median income, however, varies drastically between states and even more so between cities. The Bureau of Economic Analysis has calculated that the regional price parity in 2019 of the 50 largest MSAs ranges from 88.3 in Birmingham, Alabama (which has the lowest cost of living of the 50 most populous MSAs) to 126.7 in San Jose, California (the highest cost of living of the 50 most populous MSAs). The 150 richest cities in the world by GDP in 2020 11 March 2007: The tables provide GDP figures for cities and their surrounding urban areas in 2020. The statistical analysis is complicated by the various definitions of what constitutes a "city." California, the nation's most populous state, has the largest state GDP of $3,120,386,000. New Albany was named. Atherton is close to San Francisco, Scarsdale is close to New York City, and Cherry Hills Village is close to Denver. Of course, the citys homes arent too shabby either, with typical values around $1,800,000 in 2022, according to Zillow. Many of the top counties in the following lists are found in the Northeast Megalopolis, particularly in the Washington metropolitan area and the New York metropolitan area. So, we mapped $400 billion in HEROES Act monies that are allocated to 39,000 local governments. 20. Gini coefficient: a common measure of household income distribution, the ratio ranges from zero, which reflects absolute equality, to one, complete inequality. And as demographics change, so do patterns of wealth. Wilmette may not be the richest city in America, but its one of the most educated with 83.2 percent of adults holding a bachelors degree or higher. Although Los Altos isnt the wealthiest city in the U.S., it does boast the highest median home value. The country's second-most populous state, Texas, is also its second-richest state in terms of GDP. It has been home to many notable people, including John and Alice Coltrane. Darnestowns Gini coefficient is 0.37, the lowest of all 100 places. For this study, we considered the following categories: The census just updated their data at the end of they ear, so we can take a fresh look at it. This place has a ton of money. U.S. Census 2016-2020 American Community Survey. 25% of the total families in US don't even have $10,000. So, what's the richest big city in America according to the data? Of the top 25 counties, 11 are part of the Washington Metropolitan Area, 6 counties are part of the New York Metropolitan Area, and 2 counties are part of the San Francisco Bay Area. Grant Suneson, Samuel Stebbins. Part of greater Boston, Wellesley is home to three collegesWellesley College, Babson College, and a campus of Massachusetts Bay Community Collegewhich makes it no surprise that the city has the fifth highest percentage of adults with at least a bachelors degree. Should the American taxpayers from lower-income areas be subsidizing the lifestyles of the rich and famous? Eighteen states do not have any counties in the top 100. Hunting Valley, Ohio - $144,281. Largely a city of commuters, Los Altos is home to just more than 30,500 people, of which 84.2 percent of adults have at least a bachelors degreemaking it the fourth most educated city in the United States. Well, good schools and plenty of amenities, of course. After all, it has a stereotype as being a very snobby city. The cities we're about to mention are pretty wealthy, overall. Educational attainment is based on bachelor's degree attainment (and above) for people 25 and older in the county. Theres also a home for sale 6.8 times that size (15,300-square-foot) and more than 19 times that price, listed at $32 million. Bloomberg also ranked citiesby earnings from interest, dividends, rents, and royalties, as well as distributions from estates and trustsa subset of household income called passive income. 4); and Los Altos Hills, California (No. It's a great place to raise kids. is an MSA which includes not only the population within the legal boundaries of a city but also the population of the jurisdictions in its suburbs and in the surrounding counties which are influenced by the central city. Located 20 miles from Silicon Valley, the San Francisco suburb is home to the many tech titans of Google Population: 193,412Rank Last Year: 7 (Down 2)Median Income: $87,629 (46th best)Unemployment Rate: 3.2% (5th best)More on Overland Park: Real Estate|Crime|Cost Of Living, Population: 105,410Rank Last Year: 25 (Up 15)Median Income: $108,979 (14th best)Unemployment Rate: 3.9% (32nd best)More on League City: Real Estate|Crime|Cost Of Living.