10. Until after World War II, Dix Hills was largely a farming area. "The homes in Atherton are spectacular," Swann told CNBC Make It. The cities we're about to mention are pretty wealthy, overall. 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. Just down the road, you have Palo Alto, the heart of Silicon Valley. 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. Keep reading to find out more about the richest cities in the U.S. A suburb of Dallas/Fort Worth, Southlake had an estimated population of 31,292 people as of 2019, with 69.7 percent of adults holding at least a bachelors degree. 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. This might sound like a decent chunk of change, but when you think about how much it costs to live here, suddenly it might not seem like a lot. As one of the densest cities on this listwith 60,257 residents as of 2019its not entirely shocking that of all the richest cities in America, Cupertino has one of the highest poverty rates at 6 percent. But thats not all the city is known for. Yeah they are. Some parts of this area are just off the charts out of touch with reality. In these wealthy communities, the average household income ranged from #1 Atherton, CA ($525,324) to #50 Darnestown, MD ($262,988). 25% of the total families in US don't even have $10,000. Three other western Chicago suburbs made the top 100: Burr Ridge, Oak Brook and Hinsdale. The Bloomberg list includes places with at least 2,000 households that are census-designated places. You can see their impact on the stats. A Division of NBC Universal, A home stands in Atherton, California, U.S., on Tuesday, Feb. 18, 2020. (That said, the latest five-year ACS accounts for years 20142018. When you think of wealthy areas in California, some people may think Beverly Hills or Sunnyvale. Here are the 20 richest counties in the U.S. and the average household incomes of each, according to DailyMail.com's report. When you click through real estate links on our site, we earn an affiliate commission. Presented below are the 100 highest income counties in the United States by median household income according to the 2020 United States census. Glencoe, IL (income: $358,543/ bailout: $4.4 million) Situated on Lake Michigan and just north of Chicago, Glencoe is the richest town in Illinois. No wonder rich tech executives and investors have landed in Sunnyvale. Hunting Valley is suburb of the city of Cleveland, Ohio. Brentwood, a suburb of Nashville, makes the list too. California. In fact, people here are more likely to downplay their money than show it off. Folks here rank 19th for income levels, and 2nd-lowest for number of people living in poverty (3.51%). The country's second-most populous state, Texas, is also its second-richest state in terms of GDP. Average household income excluded households without any type of income. Our next stop, Fremont, California, probably won't come as a surprise to anyone who lives in the state. THE 10 RICHEST CITIES in AMERICA 2020 4,429 views Apr 21, 2020 71 Dislike Share CrazyTopTen 322 subscribers Here is a list of the top 10 richest cities in america. The Midwest is also home to some of the lowest incomes, such as Michigans Highland Park, Missouris Cuba and Ohios East Cleveland. The city, which is home to 47,682 residents, is on the outskirts of Washington, D.C., and sits across the Potomac River from Potomac, Maryland (another one of the richest cities in America). Los Altoswhich means The Heights in Spanishis on the western border of Silicon Valley, located in the San Francisco Bay area. Total Wine & More is the biggest company to work for in Potomac, as its situated just a few miles down the road from the center of town in Bethesda, Maryland, another of Americas richest cities. Is it snobby here? Secondly. Where's our 3rd richest city in the entire nation? 1. By Census region, 14 counties are located in the South, 6 in the Northeast, 4 in the West, and 1 located in the Midwest. Its also saturated with celebrity homes. Another suburb of Boston, Needham (which is located just below Wellesley) is a popular residence for folks looking to work in the city without having to live in it. McLean has a low poverty rate (2.7 percent) and a high median home value ($1,031,200 in 2019 and $1,226,956 in 2022, according to Zillow) and has been home to many high-ranking public officials, including President Joseph R. Biden, Jr. and First Lady Dr. Jill Biden. Dix Hills is in the greater Huntington area in Long Island, New York. Whatsapp founder, Jan Koum, paid $57 million for a mega-compound. In addition, this city has a low unemployment rate, and one of the state's lowest poverty rates. Yeah they are. The rankings are based on the median annual household income estimates from 2005 to 2009 in each county in the nation, provided by the United States Census Bureau's American Community Survey, in 2009 inflation-adjusted dollars. If you're a kid here, your allowance is probably more than your teacher's salary. Rank City Income; 1. It became the first and only neighborhood in America to top the half-million-dollar mark. Cities and towns in the tri-state area of Connecticut, New Jersey and New York accounted for 36 of the 100 top spots, the most concentrated area of wealth of any region. #16 Old Greenwich, CT ($321,377 income/ $5.9 million bailout), #18 Palm Beach, FL ($314,090 income/ $4.4 million bailout), #36 Wellesley, MA ($277,568 income/ $14.7 million bailout), #37 Malibu, CA ($275,675 income/ $6.3 million bailout), #46 Lake Forest, IL ($265,477 income/ $9.7 million bailout). Only 1 in 11 people here lives in poverty. Thirty-seven of the 100 richest cities are located in six counties in the United States. Scarsdale, New York 3. HomeSnacks is reader-supported. BASED ON: average income. 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 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. Using data from the US Census, Bloomberg evaluated inflation-adjusted household data with a minimum of 2,000 households. PCPI "includes wages, benefits, proprietor income, dividends, interest, rent, and transfer payments" such as Social Security, veteran's benefits, farm subsidies, welfare, and food stamps. Pepper Pike was the second highest ranked Ohio city, coming in at No. 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. 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. Families earn the 3rd highest incomes in the whole state. Pound Ridge, NY (pop. Top 10 Richest Counties in the U.S. Based on the data from the Census Bureau, there are 35 counties in the U.S. with median household incomes of at least $100,000.Five years ago, however, there . We're not talking about individuals. France, Germany, Italy, and Austria border the country. Residents can head down to places like Baylands Park, stare across the water, and plot their next venture capital strategy.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'homesnacks_com-leader-1','ezslot_6',112,'0','0'])};__ez_fad_position('div-gpt-ad-homesnacks_com-leader-1-0'); 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. It is a rural place to live but is only a little over an hour away from both Manhattan and the Hamptons, so its a great central location for commuters and beach lovers alike. Probably. Here are the top 10 richest places in the U.S., according to Bloomberg: 1. It's safe. List of U.S. cities by adjusted per capita personal income estimates the per capita personal income (PCPI) of residents of United States' Metropolitan statistical areas (MSA). Below youll find a table including the richest cities in every U.S. state as of 2021. The U.S. Census Bureau tracks median household income up to $250,000. Opinions expressed by Forbes Contributors are their own. "Sprawling residences set amidst landscaped gardens and a beautiful backdrop.". Of the top 25 counties, 10 are part of the Baltimore-Washington Metropolitan Area, 6 counties are part of the New York Metropolitan Area, and 2 counties are part of the San Francisco Bay Area. Continue with Recommended Cookies. Forty-two states do not have any counties in the top 20. Everything is justpeaceful. #9. Top 100 cities with highest median household income Previous toplist Next toplist . Number of counties by state in following list: Virginia 5 plus 3 independent cities, Maryland 4, New Jersey 3, New York 3, California 2, Colorado 1, Georgia 1, New Mexico 1, Ohio 1, Tennessee 1. 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. New York, U.S . The BEA defines regional price parities as an estimate of "the differences in price levels across states and metropolitan areas for a given year and are expressed as a percentage of the overall national price level. Poverty rates among U.S.-born and foreign-born Asians were 9% and 11%, respectively, that year. In Scarsdale, the median household income runs in excess of $250,000 and the mean household income is $462,556. The small town of Bloomfield Hills, a northern suburb of Detroit, is the wealthiest city in the state of Michigan. This rich little enclave is just outside of Houston. According to a recent survey by Forbes.com, Atherton, a small town in the heart of silicon has been called the most expensive ZIP Code, 94027, in the nation, with a median home price of nearly $2.5 million in 2004 and has been attracting several Google employees who are taking advantage of hot company stock options. It may not be a very large place, but people's bank accounts are pretty large. But in fact, it's the jam-packed east bay city of Fremont that's the wealthiest in all of the Golden State. Among the largest movers on the list was Highland Park, Texas, which moved up to No. But are most of their bank accounts pretty fat? Doctors, lawyers, business owners and entrepreneurs. And this isn't a. Newcomers to the list include three areas in suburban Chicago. Additionally the city boasts the 11th lowest poverty rate, at just 2.5 percent. New York. For some, it's the only way to live. We mean, specifically, which parts of the country. Median income, however, varies drastically between states and even more so between cities. [3] Virginia has the most counties in the top 100 with 18. In order to focus on cities, there is a 1,000-household minimum to be included in the study. The bucolic town of Los Altos Hills, California, climbed three spots to No. According to Zillow, the typical home value as of 2022 is $3,742,407, making it the second highest after Los Altos. 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. Asians are less likely than Americans overall to live in poverty (10% vs. 13% as of 2019). But are most of their bank accounts pretty fat? The 2022 median home value in the city is $2,895,125, according to Zillow. U.S. Census 2016-2020 American Community Survey. Hunting Valley, Ohio - $144,281. Along those lines, Sunnyvale sits in a good neighborhood. From 2011 to 2020, the most rural counties in the U.S. had a 37% higher rate of gun deaths per . 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. Number of counties by state in the top 20: New Jersey 4; California 3; New York 2; Virginia 1 county, 1 independent city, and 1 statistical unit comprising a county and two independent cities; Colorado, Connecticut, Florida, Idaho, Maryland, Texas, South Dakota, and Wyoming 1 each. Tech billionaires, like former Google CEO Eric Schmidt, Facebook COO Sheryl Sandberg and late Microsoft co-founder Paul Allen, have called the richest town in America home where the average household income is more than $500,000 a year. McLean is in Fairfax County, which is renowned nationally for its public schools. Our auditors at OpenTheBooks.com cross-referenced the nations 50 richest communities listed in the Bloomberg 2020 Richest Places with Heroes Act coronavirus bailouts. It's safe, friendly, and there are great schools. Darien, CT Lafayette is also a place where nature lovers thrive, as it has several popular hiking trails, including the Lafayette Ridge Staging Area, and is renowned for its stunning wildflowers. 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. Gun death rates are consistently higher in rural areas than in big cities, two decades of data show. University Park is best known for being home to Southern Methodist University, a nationally ranked private university in the suburbs of Dallas. Hearst Magazine Media, Inc. All Rights Reserved. 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. 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. The houses are quite notable, too, with median home values at $1,494,172 in 2022, according to Zillow. You can download the data here. The top 20 richest towns in America all boast average household incomes above $300,000, while the top five ring up above $400,000. You can get just about any demographic on just about any city center. The 10 Richest Cities In The US For 2022 Cary, NC Centennial, CO Frisco, TX Sunnyvale, CA Fremont, CA Bellevue, WA Pearland, TX Olathe, KS Overland Park, KS League City, TX Is everyone in these places loaded? 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. Based on the 2019 five-year ACS data, many cities in America were noticing a massive rise in income, with much of the wealth concentrated in Californiaa whopping nine of the 25 richest cities in the U.S. are located within the state. Check out: The best credit cards of 2020 could earn you over $1,000 in 5 years, Get Make It newsletters delivered to your inbox, Learn more about the world of CNBC Make It, 2023 CNBC LLC. Maybe from an outsiders standpoint, but it might be more of a shallow suburban type of vibe. None of the richest cities in the country are particularly large. Country Clubs Rank. 4. Texas. Population: 139,216Rank Last Year: 8 (No Change)Median Income: $96,548 (32nd best)Unemployment Rate: 3.1% (4th best)More on Olathe: Real Estate|Crime|Cost Of Living. 7. 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. Despite being less wealthy than Westport, Wellesley's typical home value is $1,643,010 as of 2022, according to Zillow. Bronxville is regularly voted one of the most expensive suburbs of any of America's ten largest cities. It's just plain boring is all. 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. There are six cities in where the median household income is less than $20,000: (1). The richest communities in America for years have been in Silicon Valley and the New York City area. 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. Add CEOWORLD magazine to your Google News feed. We contacted Speaker Pelosi and the Atherton city manager for comment and did not receive a response. Twenty-one of the cities were in California, with the majority in the San Francisco Bay area. And for the sixth year in a row, more billionaires call New York City home than any other . Los Gatos is in Santa Clara County, and the median listing price for properties is $2,630,000. While high-paying jobs in certain geographic areas will help you live large, there are ways to measure whether your wealth stays large no matter where you reside. 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. We and our partners use cookies to Store and/or access information on a device. Dallas. 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. United States of America per capita average: $21,587. 1 happiest place to live in the U.S. Washington, D.C . Of the 20 counties, 7 are part of the New York Metropolitan Area, 4 are part of the Washington Metropolitan Area, and 3 are part of the San Francisco Bay Area. Hillsborough, CA (income: $430,681/ bailout: $5.7 million) With a median home price of $5.4 million, notable residents include Bing Crosby, Elon Musk, Jenny Craig, Jimmy Kimmel and Salote Mafileo Pilolevu Tuita, a Tongan princess. The population is just under 4,000. Atherton, CA (income: $525,324/ bailout: $3.8 million) - With a median home price of $7.5. Taking things inside, the median home value in Westfield is $906,521 in 2022, according to Zillow. Background: In May, the Heroes Act passed the U.S. House, 208-199. Their workforce is also among the best-educated in the state, too. We were. Westchester County, New York (nine); Bergen County, New Jersey (seven); Fairfield County, Connecticut (five); Los Angeles County, California (five); Cook County, Illinois (six); and Montgomery County, Maryland (five). Combining these, we generated lists of the richest city and poorest city in each state were then identified. It does not include realized or unrealized capital gains or losses. 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. The average income is $170,000 and the median house value is $580,000. The difference in housing costs from city to city is especially important. Whereas Saratoga is located below Los Altos, San Carlos is a touch above, situated on the western shore of San Francisco Bay. 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. In 2021, the per capita income in San Francisco city was at 80,383 U.S. dollars. Hillsborough, California 4. Crime is something that happens in other cities, not here. If Scrooge McDuck was real, he'd probably have a home here, don't you think? But snobs can work hard, can't they? New York City took first place as the Big Apple's number of millionaires . 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. For this analysis we used the -- U.S. Census 2016-2020 American Community Survey. Atherton is a small neighborhood of about 7,000 people and it is located in the heart of Silicon Valley. If you're out of work in Cary, it's your own damn fault. The median household income in the United States in 2018 was $61,937. According to a recent study, if you earn about $95,000 a year, you're optimally happy. Better-educated workers tend to make more money. As of 2022, the median home value is listed at $1,277,815, according to Zillow. Rural America dips into its wallet as airlines drop service At least 324 airports have seen service cuts since January 2020, and more than 14 airports have lost commercial service . Despite its extreme wealth and high education rate, University Park has a slightly higher poverty rate, at 3.9 percent, making it the 109th lowest of 1,775 cities. Here's a look at the poorest cities in America: Chris Kolmar has been in the real estate business for almost ten years now. "The One," a 100,000-square-foot mansion in Bel Air with four swimming pools, a nightclub and a bowling alley, could go on the market soon for a staggering $500 million. 17 of the 25 counties are part of the densely populated Northeast Megalopolis. Overall, the average households bring in pretty big salaries every year. A MSA is defined as a central city or cities and their surrounding area of influence. Accessibility to a city center is typically a key characteristic of the cities on the list. New Albany was named. And as demographics change, so do patterns of wealth. 20. Well, that's probably because the students have better cars than their teachers. Now the typical home value in Southlake is $1,047,548. 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