To identify Americas richest cities, 24/7 Wall St. reviewed the recently released five-year estimates of median household income from the U.S. Census Bureaus 2021 American Community Survey. This Santa Clara County, California, town has maintained a rural character that evokes its agricultural past in spite of its recent infusion of Silicon Valley money. When she's not writing, she can be found out and about with her Jack-Chi, Cash, sweating her way through an Orangetheory class, or taking it easy with family and friends, .css-1grzdcz{display:block;font-family:AvenirBold,Helvetica,Arial,Sans-serif;font-weight:bold;margin-bottom:0;margin-top:0;-webkit-text-decoration:none;text-decoration:none;}@media (any-hover: hover){.css-1grzdcz:hover{color:link-hover;}}@media(max-width: 48rem){.css-1grzdcz{font-size:1.18581rem;line-height:1.2;margin-bottom:0.625rem;}}@media(min-width: 40.625rem){.css-1grzdcz{line-height:1.2;}}@media(min-width: 48rem){.css-1grzdcz{font-size:1.23488rem;line-height:1.3;margin-bottom:0rem;}}@media(min-width: 64rem){.css-1grzdcz{font-size:1.18581rem;line-height:1.3;margin-bottom:-0.5rem;}}9 Beautiful Tables from the 2023 Orchid Dinner, Yoko Ono Is Moving to a Farm in Upstate New York, 6 Auction Etiquette Tips Everyone Should Know, Inside the Mansion from Netflix's Outer Banks, Queen Elizabeth Inspired Kate's Opera Gloves, Kate Middleton's Most Iconic Jewelry Moments, Queen Consort Camilla Has Selected Her Crown. 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. 3); and Cherry Hills Village, Colorado (No. What? You won't see too many police officers around, but when they police are called, they show up in minutes. Why Is Marie Antoinette Everywhere Again? We contacted Speaker Pelosi and the Atherton city manager for comment and did not receive a response. . Many were coastal California and the Northeastern states were particularly well represented. A common theme among these poor cities is de-industrialization. Cary is just a perfect little slice of heaven outside of Raleigh. (Podcast). Famous residents include Daniel Och, the founder of the hedge fund Och-Ziff Capital Management. #9. The typical home value in the wealthy DC suburb is just under $1.4 million, according to Zillow. No. Folks here rank 19th for income levels, and 2nd-lowest for number of people living in poverty (3.51%). (Photo by Justin Sullivan/Getty Images). It's a great place to raise kids. HomeSnacks is reader-supported. Los Altos Hills, California. Notable residents have included former AOL CEO Steve Case and Redskins owner Dan Snyder. Glencoe, just north of Winnetka, is another Chicago suburb situated on Lake Michigan. The science of human hibernation and "torpor" may soon catch up with science fiction, not only facilitating space travel but potentially helping treat cancer. Silicon Valley area towns take three of the top five spots, Texas gets two more towns on Bloomberg 100 Richest Places list. The median home value in this New York City suburb is just under $1,750,000, according to Zillow. Families earn the 7th highest incomes in the state. Rebecca R. Norris is a full-time freelance writer living in the DC metro area. It is home to Sarah Lawrence College. Why? Read on to find out the richest cities in the U.S. and poorest cities. Many renowned architects have also designed homes and churches in Winnetka, including George Washington Maher, Howard Van Doren Shaw, Solon S. Beman, and David Adler. 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. and Facebook. Some of the cities listed are indeed among. The median home value in Cherry Hills Village is just shy of $2,612,468, according to Zillow. Each has an average household income of over $400,000. Just click a pin (by state) and scroll down to see the results rendered in alphabetical order in the chart beneath the map. Population: 234,829Rank Last Year: 2 (Down 3)Median Income: $142,374 (2nd best)Unemployment Rate: 4.0% (36th best)More on Fremont: Real Estate|Crime|Cost Of Living. Our auditors at OpenTheBooks.com cross-referenced the nations 50 richest communities listed in the Bloomberg 2020 Richest Places with Heroes Act coronavirus bailouts. There's a lot of old money here, too. You can find out more about him on LinkedIn or his website. Below youll find the table: This is a BETA experience. 4. Beyonc and Jay-Z purchased a home in Scarsdale. You can see their impact on the stats. This face is unsurprising considering the For this analysis we used the -- U.S. Census 2016-2020 American Community Survey. Atherton, California Average household income: $525,324 2. What do these folks get for their money? Today, the median home value in this New York City suburb is over $1.4 million, according to Zillow. While Silicon Valley and the New York metro area make up a big chunk ^ Basically, the metropolitan areas of Maastricht, Lige, Hasselt-Genk, Sittard-Geleen, Heerlen-Kerkrade and Aachen-Dren constitute the densely populated urban core of the MeuseRhine Euroregion. To determine Americas richest towns, 24/7 Wall St. reviewed household income data from the U.S. Census Bureaus American Community Survey in every American town with a population of between 1,000 and 25,000. Is everyone in these places loaded? 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. It's known for drawing wealthy Wall Street types. The median home value in this San Matteo County, California, town is a staggering $7,795,239, according to Zillow. Happiness isn't the metric we're measuring, today, however. Below youll find the table of the poorest city in every state. Some small towns and suburbs are home to high amounts of concentrated wealth. 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. #7. Only 1 in 11 people here lives in poverty. In many cases, the chef is why someone visits a restaurant. Well, that's probably because the students have better cars than their teachers. WebAn income of $0.88 in Birmingham equals an income of $1.27 in San Jose with the U.S as a whole having an average PCPI of $1.00. And as demographics change, so do patterns of wealth. #3. Any more than that, and you're not. But others are virtually unknown, business titans who have quietly minted massive fortunes all across America. Okay, thanks Mr. Their workforce is also among the best-educated in the state, too. Saturday, feb 25 23. Following Atherton is Scarsdale, New York, which is less than 25 miles away from Manhattan; Hillsborough, California, about 20 miles south of San Francisco; Cherry Hills Village, Colorado, a Denver suburb; and Los Altos Hills, California, near Silicon Valley. #6. Notable residents include the owner of the Dallas Cowboys, Jerry Jones, and the former governor of Texas, Bill Clements. Some of the cities listed are indeed among the cities with the most expensive homes. Of course, not all of Americas wealth is centered on the West and East coasts. Notable people include Eric Lefkofsky, founder of Groupon, film critic Gene Siskel, and author Scott Turow. The top 20 richest towns in America all boast average household incomes above $300,000, while the top five ring up above $400,000. Harwood Court in Scarsdale, Westchester County, New York. Anything above that is denoted as $250,000+. On the other hand, it tracks median incomes down to $2,500, with those below bellowing denoted -$2,500. Mean household incomes are not capped. And about an hour north, you'll find San Francisco, the crown jewel of the Bay Area. Surprisingly, three of the 20 richest towns in America are in the Midwest, two are in Texas, and one is in Colorado. There are very little liquor stores or smoke shops. None of the richest cities in the country are particularly large. The richest towns in America are Atherton, Calif., with a household income that exceeds a half-million dollars, followed by Scarsdale, N.Y., with $452, 041. Median home values in the 50 richest cities begin at $498,900, about double the median nationwide of $244,900, and reach over $2,000,000 among. All four have average incomes upwards of $400,000. When HomeSnacks looks at a place to live, we study the stats you can find anywhere on the web. This Cook County, Illinois, town is perhaps best known as the setting for director John Hughes Home Alone. Median home values in the 50 richest cities begin at $498,900, about double the median nationwide of $244,900, and reach over $2,000,000 among. Top 10 Richest Cities in the USTop 10 Richest Cities in the US. Here is a list of the richest cities in the US and also their description that why they are so rich in every 10). Atlanta, Georgia. 9). Boston, Massachusetts. 8). Philadelphia, Pennsylvania. 7). San Francisco, California. 6). Washington, D.C. 5). Dallas, Texas. 4). Houston, Texas. 3). Chicago, Illinois. 2). More items Adults with at least a bachelor's degree: 63.3%, Adults with at least a bachelor's degree: 76.4%, Adults with at least a bachelor's degree: 77.8%, Adults with at least a bachelor's degree: 65.2%, Adults with at least a bachelor's degree: 71.2%, Adults with at least a bachelor's degree: 78.4%, Adults with at least a bachelor's degree: 75.3%, Adults with at least a bachelor's degree: 72.7%, Adults with at least a bachelor's degree: 79.6%, Adults with at least a bachelor's degree: 73.7%, Adults with at least a bachelor's degree: 75.4%, Adults with at least a bachelor's degree: 84.4%, Adults with at least a bachelor's degree: 79.5%, Adults with at least a bachelor's degree: 64.2%, Adults with at least a bachelor's degree: 62.8%, Adults with at least a bachelor's degree: 71.4%, Adults with at least a bachelor's degree: 80.7%, Adults with at least a bachelor's degree: 66.1%, Adults with at least a bachelor's degree: 76.3%, Adults with at least a bachelor's degree: 85.5%, Adults with at least a bachelor's degree: 83.1%, Adults with at least a bachelor's degree: 80.9%, Adults with at least a bachelor's degree: 77.7%, Adults with at least a bachelor's degree: 81.0%, Adults with at least a bachelor's degree: 87.2%, Adults with at least a bachelor's degree: 79.1%, Adults with at least a bachelor's degree: 85.0%, Adults with at least a bachelor's degree: 89.3%, Adults with at least a bachelor's degree: 84.3%, Adults with at least a bachelor's degree: 79.0%, Adults with at least a bachelor's degree: 81.3%, Adults with at least a bachelor's degree: 83.5%. You won't see condos here. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. When you think of wealthy areas in California, some people may think Beverly Hills or Sunnyvale. It's the kind of place where you see soccer moms running errands in the middle of the day, where landscaping crews do their duty, and where the everyone's biggest concern is who is going to try and take their money away from them. #2. While big cities are often economic engines that produce considerable wealth, most of the richest places are the suburban areas that lie within the commuting orbit of major metropolises. "Sprawling residences set amidst landscaped gardens and a beautiful backdrop.". The Village of Indian Hill is a suburb of Cincinnati. GOOG Four of those six states are in the U.S. South. 2023 USA TODAY, a division of Gannett Satellite Information Network, LLC. So, what's the richest big city in America according to the data? 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. In order to focus on cities, there is a 1,000-household minimum to be included in the study. Everything is justpeaceful. Sponsored: Find a Qualified Financial Advisor. President John F. Kennedy lived with his family for a few years in Bronxville; other notable residents include Elizabeth Custer, the widow of General George Armstrong Custer, and television host Ed McMahon. So, while your little small town might be rollin' in the dough, we're only looking at the most populated areas. Allowing cities with less than 1,000 households to be included generated a list of cities that are even more extreme in their incomes, though many of these places have less than a hundred households or just a few hundred. We were. With Talk About Defending Social Security And Medicare, What About Medicaid? We excluded towns for which the margin of error at 90% confidence was greater than 10% of either the median household income or the population. Top editors give you the stories you want delivered right to your inbox each weekday. For a state this large, that's crazy low.In fact, People in other parts of the nearby areas generally stereotype this part of the state as being wealthy and stuck up. Less than 15 miles outside of Cincinnati, this Hamilton County, Ohio, town was developed in the early 20th-century by a handful of wealthy businessmen who already owned property there. It's safe, friendly, and there are great schools. Los Altos Hills is a Silicon New Yorks richest person and former mayor, Michael Bloomberg, is worth $59 billion.Beijings richest billionaire is the founder of TikTok (among other things), Zhang Yiming with a net worth of $35.6 billion.. In fact, most have bigger bank account than you will ever have. In Americas Richest Town, $500k a Year Is Now Below Average Silicon Valley area towns take three of the top five spots Texas gets two more towns on Along those lines, Sunnyvale sits in a good neighborhood. CEOWORLD magazine - Top Stories - C-Suite Lifestyle - RANKED: These Are The 50 Richest Towns To Live In The United States, 2020. Population: 169,177Rank Last Year: 5 (Up 4)Median Income: $107,463 (18th best)Unemployment Rate: 3.3% (6th best)More on Cary: Real Estate|Crime|Cost Of Living. Of the remaining top 20 richest towns in America, one is nestled just outside the nations capital, one is in Florida, one is in Arizona, six are in the New York Tri-State Region, and two more are in California, one of the richest states in the U.S. Bloomberg compiled its Richest Places Index using data from the U.S. Census Bureaus American Community Survey, evaluating inflation-adjusted household income data for all U.S. places, defined by the Census Bureau as having a minimum of 2,000 households. The Midwest is also home to some of the lowest incomes, such as Michigans Highland Park, Missouris Cuba and Ohios East Cleveland. While it's idyllic in many places, it can be quiteboring. A 45-minute drive to New York City, Short Hills is known for being a commuter town. Population: 111,331Rank Last Year: 1 (Down 1)Median Income: $109,767 (13th best)Unemployment Rate: 3.6% (19th best)More on Centennial: Real Estate|Crime|Cost Of Living. Extreme wealth tends to be much more common in the richest states in the country. France has been crowned the trendiest country in the world for 2023, according to the CEOWORLD magazines annual ranking of Life away from the big cities can be magical. Los Altos Hills, CA (income: $405,073/ bailout: $4.2 million) With a median home price of $3 million, the community is located just five miles from Silicon Valley. Fairbanks is the second wealthiest metro area in Alaska and the 13th wealthiest nationwide. Youll recognize some of the top people, like Bill Gates (Seattle) and Phil Knight (Portland). 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 median home value in Darien is $1,637,673, according to Zillow. Cantata Media. It is home to Southern Methodist University. Bloomberg released its annual Richest Places index, revealing the wealthiest towns in the US. Short Hills, NJ (income: $388,760/ bailout: $6.5 million) Founded in 1870 by the inventor of the roller shade, the community is a suburb of New York City. Other rich cities are different, such as North Dakotas Beulah, a city remote from any major urban center and whose economy is heavily dependent on being home to the largest lignite mine in the U.S. Satellite images of Atherton, California - where the average household income just blew past half a million dollars -- reveal the sprawling homes of tech billionaires and sports stars, studded with tennis courts and pools. Notable figures who have called Scarsdale home include actress Judy Garland, actress Susan Lucci, director and actor Rob Reiner, NPR legal correspondent Nina Totenberg, and former U.S. Attorney for the Southern District of New York Preet Bharara. The Silicon Valley town, which is just eight minutes from Stanford University, isnt only renowned for its wealthy tech entrepreneurs, though; its known for its large, private lots and lavish homes, too. If you're a kid here, your allowance is probably more than your teacher's salary. Median Income: $175,673. Our next stop, Fremont, California, probably won't come as a surprise to anyone who lives in the state. Highland Park is an affluent suburb of Dallas, just four miles north of downtown. After the analysis was over, we crowned Cary as the richest city in America for 2022. In terms of the locations themselves, London, New York, and San All these cities have at least 1,000 households. The New York suburb has been home to several American celebrities, including Bruce Springsteen. Web^ Including the Belgian municipalities of Lanaken, Riemst and Maasmechelen to the west and Vis to the south. To even make the top 100, towns need an average household income of more than $220,000. Although Atherton, which sits between San Jose and San Francisco, is best known for its tech billionaire residents such as Sheryl Sandberg, Eric Schmidt, and Meg Whitman, the former CEO of Hewlett-Packard, a slew of other notable residents have also called the Silicon Valley town home, including actress Shirley Temple, investment firm CEO Charles Schwab, Major League Baseball Hall of Famer Willie Mays and Ty Cobb, and Fleetwood Macs Lindsey Buckingham. Population: 152,569Rank Last Year: 10 (Up 6)Median Income: $150,464 (best)Unemployment Rate: 3.8% (26th best)More on Sunnyvale: Real Estate|Crime|Cost Of Living. In dozens of cities, the median household income is significantly higher than the national figure, including 50 in which median household income is more than double the national figure at least $153,000 or higher. Keep reading to learn more about the top 20 richest towns in America. Chappaqua Daily Voice serves Chappaqua, NY. Great jobs, low unemployment and a really low cost of living makes this Prairie State city one of the best places you could live if you wanted to earn a great living. This southern Westchester County, New York, town is just 15 miles from Midtown Manhattan, which means its residents have easy access to the city and all the trappings of wealthy small-town lifecharming residential architecture, a walkable town center, and great public schools. Steph Curry of the Los Angeles Lakers purchased a $31 million home. All Rights Reserved. The Old Greenwich Station, a commuter rail station that delivers residents to nearby New York City, was built in 1872 and is listed on the National Register of Historic Places. Is it snobby here? You just have to measure how much money people make, and who has the best jobs in every city. How does 20% of Kansas rank as the wealthiest cities in the nation? Atherton is joined by Scarsdale, New York (No. And while there are wealthy towns all across the country (these are the richest town in each state), the very richest can be found in just a few states. 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. Great Falls, Virginia. (, These are the most educated big cities in the country. 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. It might help to see how much your community received. (These are the most educated big cities in the country). Madeline Albright and Condoleezza Rice graduated from its private schools. It then ranked each by average household income. RANKED: These Are The 50 Richest Towns To Live In The United States, 2020. Keeping up with friends and neighbors means private school, after school activities and two huge car payments. Its content is produced independently of USA TODAY. 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. Scarsdale, New York It is 25 miles from the city. You can get just about any demographic on just about any city center. They also get an excellent location by the bay. Population: 146,145Rank Last Year: 6 (No Change)Median Income: $129,497 (4th best)Unemployment Rate: 3.5% (16th best)More on Bellevue: Real Estate|Crime|Cost Of Living. Photographer: David Paul Morris/Bloomberg via Getty Images, A mansion-style home in Atherton, California, the most expensive ZIP code in the state, Why Finland and Denmark are the happiest countries in the world, How this 39-year-old earns $26,000 a year in California. Boroughs, census designated places, cities, towns, and villages were all considered. Located in Virginias Fairfax County, Great Falls is less than 20 miles outside of Washington, DC. Well, good schools and plenty of amenities, of course. Families earn the 3rd highest incomes in the whole state. Editor's Note: We updated this article for 2022. Darien, CT (income: $352,839/ bailout: $10.7 million) A storied East Coast community, notable residents included Charles Lindberg, Vineyard Vines CEO and founder Ian Murray, and many actors, politicians, and CEOs. This Dallas suburb is home to the Americas first self-contained shopping center: Highland Park Village, which opened in 1931, was designed by architects Marion Fresenius Fooshee and James B. Cheek in a Spanish Revival style and is on the National Register of Historic Places. Paradise Valley takes sixth-place for the small town with the most households, totaling 5,239. These unicorns are forever changing the way we interact with money. Some notable Americans who have called the Essex County, New Jersey, town home include actress Anne Hathaway and fashion designer Rachel Zoe. Moving from West to East, Americas second richest town is Scarsdale, New York, which is just 35 minutes outside of New York City. Larchmont is a coast-hugging town in well-known Westchester County. The overwhelming majority of those who make it onto "richest people" listsin all 50 states or the worldare men.. If you're out of work in Cary, it's your own damn fault. But money does indeed buy happiness. Sunset over Winnetka Beach, IL I think that's a safe bet. Scenes from two classic 1980s John Hughes filmsFerris Buellers Day Off and Sixteen Candleswere shot in Glencoe. In fact, people here are more likely to downplay their money than show it off. Residents can head down to places like Baylands Park, stare across the water, and plot their next venture capital strategy. 2); Hillsborough, California (No. Median household income is an important indicator for understanding the level of wealth in places throughout the country. The demographics of the United States are always changing. Located less than eight miles outside of Denver, this Arapahoe County, Colorado, town is home to two former NFL quarterbacks: John Elway and Peyton Manning. Notable residents who have called West University Place home include Craig Biggio, a former baseball player for the Houston Astros, and NFL player Brian Cushing. But hey -- you could spend your days counting your money, right? But this comes at a cost. It's sorta like Dynasty. Notable residents include John Elway and Peyton Manning. The wealthiest 1% of Americans hold an amazing 40% of all wealth. Per the most recent ACS data, the richest city in America is Cary, NC.You can check out how NC ranked overall in our richest states in America. By clicking Sign up, you agree to receive marketing emails from Insider Perhaps. Harwood Court in Scarsdale, Westchester county, New York State, USA. When it comes to the richest towns in the United States, a few names stand out like Los Altos Hills in California or Great Falls in Virginia. Notable figures who have called Los Altos Hills home include former Major League Baseball player Barry Bonds and tech entrepreneur Steve Kirsch. How To Set Yourself Up For Financial Success, Disabled Americans Get More Savings Flexibility With SECURE 2.0, U.S. Census Bureaus 2019 American Community Survey. The very best groundskeepers and gated-subdivision on-call security guards around.