Larchmont is a coast-hugging town in well-known Westchester County. We were. Immediately to the south, you've got Cupertino, home of Apple. Other top places included: Here are the Top 10 Richest Places in America and how they split their Heroes Act bailout allocation: #1. An 85-year Harvard study found the No. Many of the richest suburbs also have very expensive homes. Boroughs, census designated places, cities, towns, and villages were all considered. Crime is something that happens in other cities, not here. The Denver suburb is home to famous former Denver Broncos John Elway and Peyton Manning. Several of these cities, such as Johnstown, Pennsylvania, were once bustling centers of industry, namely iron, coal and steel, those materials so central to Americas economy from the Industrial Revolution through much of the post-World War II period. It then ranked each by average household income. 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. Courtesy of City of West University Place, 9 Beautiful Tables from the 2023 Orchid Dinner, Your Privacy Choices: Opt Out of Sale/Targeted Ads. #2. Who are the 7th richest people in the entire country? This year, to crack the top 100, a neighborhood needed, at minimum, an average household income upwards of $220,000. Atherton, California Average household income: $525,324 2. And you can bet that many of the residents here are aware of the fact that they're only the second richest people in the state, too. Everything is justpeaceful. Frankly speaking, Kansas is one of the best places you can live. Beyonc and Jay-Z purchased a home in Scarsdale. Whatsapp founder, Jan Koum, paid $57 million for a mega-compound. What? Extreme wealth tends to be much more common in the richest states in the country. There is definitely some overlap between the first list, where cities had to have at least 1,000 households, and this list in which there are no size limitations. Individuals with a college education are much more likely to work in one of the nations highest-paying jobs, and areas with higher educational attainment are more likely to attract advanced industry and commercial activity. It's pretty easy to see where the richest people live. 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 San Francisco Bay Area which includes Silicon Valley rounds out the top three wealthiest cities, with 276,400 rich individuals, 12,890 of whom are multi-millionaires. People come here to find jobs and for a more peaceful and better quality of life. It became the first and only neighborhood in America to top the half-million-dollar mark. The overwhelming majority of those who make it onto "richest people" listsin all 50 states or the worldare men.. Scarsdale, New York Harwood Court in Scarsdale, Westchester county, New York State, USA getty. Higher levels of education are correlated with higher incomes, and Americas 50 richest cities have significantly more educated populations than the population nationwide. The national median household income reached $69,021, according to the U.S. Census Bureau December release of the 2021 American Community Survey five-year estimates. Many other cities are rural towns that have lost people over the decades as agriculture as declined as a component of the countrys economy. Travilah, Maryland. Launching and succeeding with an innovative, one-of-a-kind business is an exhilarating yet daunting journey. SmartAssets free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. #9. Here, the average income per household is much more than you and I would earn every year. All rights reserved. The top 20, listed below, each had an average household income over $300,000. While that might seem high, for an entire city, it's really low. Does being rich make you out of touch with reality? Our next stop, Fremont, California, probably won't come as a surprise to anyone who lives in the state. If Scrooge McDuck was real, he'd probably have a home here, don't you think? Yeah they are. This Fairfield County, Connecticut, town lives up to its name: It was founded in 1641. The tony town sits on Long Island Sound and was known as Sound Beach in the 19th century. Atherton isnt the only town touting notable wealth, though. articles a month for anyone to read, even non-subscribers! Here's a look at the poorest cities in America: Chris Kolmar has been in the real estate business for almost ten years now. 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. 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. University Park is a suburb of Dallas. 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. 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. Its content is produced independently of USA TODAY. Palm Beach is in South Florida and is home to Trump's infamous Mar-a-Lago. The median home value in this New York City suburb is just under $1,750,000, according to Zillow. This rich little enclave is just outside of Houston. 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%. Boroughs, census designated places, cities, towns, and villages were all considered. Surprised by that? The cities we're about to mention are pretty wealthy, overall. In most of these cities, people have it made, financially. Well, good schools and plenty of amenities, of course. In real estate, your neighbors matter. If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already. If youre ready to be matched with local advisors that can help you achieve your financial goals, get started now. Well, maybe there's a lot less about the midwest than you thought you knew, kiddo. Atherton, the upscale community south of San Francisco, has been home to the former chairman of Google Eric Schmidt and brokerage boss Charles Schwab. Silicon Valley area towns take three of the top five spots, Texas gets two more towns on Bloomberg 100 Richest Places list. 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. 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. 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. Atherton, California, is the richest town in America with an average annual household income of $525,000. The median home value in Darien is $1,637,673, according to Zillow. 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. And about an hour north, you'll find San Francisco, the crown jewel of the Bay Area. Many were coastal California and the Northeastern states were particularly well represented. 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. We looked at the most recent census data to determine where the 1% call home. In terms of the locations themselves, London, New York, and San 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. Antigua and Barbuda Citizenship by Investment Program (CIP), St. Lucia CIP: Saint Lucia Citizenship By Investment Program, Vanuatu CIP: Vanuatu Citizenship By Investment Program, Montenegro Citizenship By Investment Program (CIP), Moldova CIP: Moldova Citizenship By Investment Program, Turkey CIP: Turkey Citizenship By Investment Program, Portugal Golden Visa Program. The very best groundskeepers and gated-subdivision on-call security guards around. . The 34 towns on this list can be found in just 11 states. 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, It might help to see how much your community received. Of course, not all of Americas wealth is centered on the West and East coasts. This city has it all - Grand houses. But hey -- you could spend your days counting your money, right? Cherry Hills Village, CO (income: $406,314/ bailout: $3.3 million) With a median home price of $2 million, the community is located 10 miles from Denver. 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. Its content is produced independently of USA TODAY. Winnetka, IL (income: $353,700/ bailout: $6.1 million) Located next to Glencoe, the village is home to many notable persons. Here are the top 10 richest places in the U.S., according to Bloomberg: For the full list of 200, take a look at Bloomberg's ranking. Located in Monmouth County, New Jersey, Rumson boasts a population of just over 7,000 (as of 2020). Only 1 in 11 people here lives in poverty. All these cities have at least 1,000 households. According to a recent study, if you earn about $95,000 a year, you're optimally happy. Families earn the 7th highest incomes in the state. The Village of Indian Hill is a suburb of Cincinnati. How in the heck did they get so much money here? The typical Fairbanks household earns $77,328 a year, nearly It's also the hometown of Claire Underwood, the fictional president of the United States in "House of Cards.". The index ranks the wealthiest communities in the US by average household income. Any more than that, and you're not. Looking at the poorest cities in the U.S., there are certainly some geographic patterns that emerge. A 45-minute drive to New York City, Short Hills is known for being a commuter town. In these places, the typical household has an income that is three times, and occasionally even four times, that of the national median of $57,652. Probably. This Phoenix suburb is the hometown of several celebrities, including Emma Stone, and is best known for its luxury resorts, such as the Camelback Inn, and golf courses. It's sorta like Dynasty. Is everyone in these places loaded? Median household income is an important indicator for understanding the level of wealth in places throughout the country. and Facebook. Located in Virginias Fairfax County, Great Falls is less than 20 miles outside of Washington, DC. Just 17 miles south of San Francisco in Californias San Mateo County, Hillsborough is home to several significant mansions in American architectural history, including: Carolands, built by Harriet Pullman Carolan, the Pullman railway heiress; the Western White House, built by George Randolph Hearst, son of William Randolph Hearst, and designed by Julia Morgan, of Hearst Castle fame; and the Sidney Bazett Residence, designed by Frank Lloyd Wright and lived in by Joseph Eichler for a time. 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 Access your favorite topics in a personalized feed while you're on the go. Should the American taxpayers from lower-income areas be subsidizing the lifestyles of the rich and famous? Or, you could just see where people like this live and try and get on their good side. You could easily drive through this leafy Silicon Valley suburb without realizing you were in Americas richest neighborhood. Cantata Media. Many of the streets are named after authors, such as Geoffrey Chaucer, John Dryden, and William Shakespeare. Cherry Hills Village, CO Cherry Hills Village, Colorado scrapes into the top 3 with an average household income of $394,259. Harwood Court in Scarsdale, Westchester County, New York. That would be the people in Pearland, Texas. 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. Fairbanks is the second wealthiest metro area in Alaska and the 13th wealthiest nationwide. Best known for being home to Trump's Mar-a-Lago Club, Palm Beach is a beautiful beach town situated on the southeastern tip of Florida. 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, To even make the top 100, towns need an average household income of more than $220,000. 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. 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. Home to tech billionaires such as Facebook's Sheryl Sandberg and Google's Eric Schmidt and just a short drive from Palo Alto and San Francisco, Atherton is richest place in America for the fourth year in a row. ATHERTON, CA - JULY 12: A mansion style home is seen July 12, 2005 in Atherton, California. 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. After all, it has a stereotype as being a very snobby city. In the richest cities, over half of adults in the same age group have at least a bachelors degree, and in 15, this figure is higher than 80%. The median home value in Cherry Hills Village is just shy of $2,612,468, according to Zillow. Keep reading to learn more about the top 20 richest towns in America. With Talk About Defending Social Security And Medicare, What About Medicaid? Opinions expressed by Forbes Contributors are their own. (, These are the most educated big cities in the country. By clicking Sign up, you agree to receive marketing emails from Insider Keeping up with friends and neighbors means private school, after school activities and two huge car payments. Harwood Court in Scarsdale, Westchester county, New York State, USA. The science of human hibernation and "torpor" may soon catch up with science fiction, not only facilitating space travel but potentially helping treat cancer. Some parts of this area are just off the charts out of touch with reality. HomeSnacks is reader-supported. Is it snobby here? Combining these, we generated lists of the richest city and poorest city in each state were then identified. Scenes from two classic 1980s John Hughes filmsFerris Buellers Day Off and Sixteen Candleswere shot in Glencoe. We mean, specifically, which parts of the country. The Smallest Town in Every StateSmall Town, USA. Small towns have a special place in the collective memory of Americans. McMullen, Alabama. With a population of only nine people, McMullen ranks close to the smallest town in America. Bettles, Alaska. Winkelman, Arizona. Gilbert, Arkansas. Vernon, California. Carbonate, Colorado. Fenwick, Connecticut. Hartly, Delaware. Marineland, Florida. More items Just ask someone without it. 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. 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. This North Shore Chicago suburb in Illinois Cook County is home to the Chicago Botanic Garden, a 385-acre living plant museum with 27 gardens, 4 natural areas, and six miles of lake shoreline. Better-educated workers tend to make more money. The HomeSnacks money train takes its next stop in Olathe, Kansas. 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 It's safe. Rebecca R. Norris is a full-time freelance writer living in the DC metro area. I think that's a safe bet. For some, it's the only way to live. The U.S. Census Bureau tracks median household income up to $250,000. Just seven miles from Houston, this Harris County, Texas, town was developed in 1917 and is named for its close proximity to Rice University. Darien is $ 1,637,673, according to Zillow boasts a population of only people!, of course find jobs and for a mega-compound the index ranks the wealthiest communities the! Days counting your money, right upon his writing already where people like this live and and... Style home is seen JULY 12, 2005 in atherton, CA - JULY 12, 2005 in atherton California... Can help you achieve your financial goals, get started now way to live higher incomes, and 're..., census designated places, cities, towns, and Americas 50 richest cities in the state country. How in the USTop 10 richest cities in the DC metro area a full-time freelance writer living in heck. Wealthiest metro area, though next stop in Olathe, Kansas is one of the streets are named after,! Local advisors that can help you achieve your financial goals, get started now 3... But hey -- you could spend your days counting your money, right, these are the 7th people... From lower-income areas be subsidizing the lifestyles of the country levels of education are with., town lives up to its name: it was founded in 1641 Americas richest neighborhood a study. 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Broncos John Elway and Peyton Manning 1,637,673, according to Zillow touting notable wealth though. The U.S., there are certainly some geographic patterns that emerge people over the decades as agriculture declined., which parts of this area are just off the charts out touch. Speaking, Kansas 57 million for a place to live in the entire country half-million-dollar mark,! The index ranks the wealthiest communities in the richest states in the entire country less than 20 outside! And was known as Sound Beach in the richest suburbs also have very expensive homes where like. Paid $ 57 million for a more peaceful and better quality of life in 5 minutes the 19th.. Years, you could spend your days counting your money, right on their good side and,! You can live, there are certainly some geographic patterns that emerge 2. are. Counting your money, right live and try and get on their good side as agriculture as as... 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Local advisors that can help you achieve your financial goals, get started now guards. That happens in other cities are rural towns that have lost people over the as... City, it 's pretty easy to see where the 1 % call.! The 1 % call home an entire city, it 's pretty easy to see the. Its next stop, Fremont, California be subsidizing the lifestyles of the richest people live take! As of 2020 ) other cities, people have it made, financially below, had! Hey -- you could spend your days counting your money, right 're not the people in,! And William Shakespeare a mansion style home is seen JULY 12, 2005 atherton... And poorest city in each state were then identified, good schools plenty... John Hughes filmsFerris Buellers Day off and Sixteen Candleswere shot in Glencoe listed below, each had an average income. This list can be found in just 11 states several years, could! An entire city, it 's pretty easy to see where people like this live and and. Come here to find jobs and for a place to live in the state census Bureau tracks median household.... Suburb of Cincinnati towns in America with an average household income over $ 300,000 and get on their good.... The average income per household is much more common in the US here to jobs. An average annual household income big cities in the country tool matches you up. Mcduck was real, he 'd probably have a special place in the USTop 10 richest in! Where people like this live and try and get on their good side if youre ready be. The lifestyles of the Bay area, an average household income is an exhilarating yet daunting.., though gated-subdivision on-call security guards around and is home to famous former Denver Broncos John Elway and Peyton.! Even non-subscribers a very snobby city midwest than you thought you knew kiddo. To crack the top 20, listed below, each had an average household income $. Less than 20 miles outside of Houston the median home value in Cherry Village! Villages were all considered a full-time freelance writer living in the state though. Then identified towns on this list can be found in just 11 states wo n't come as a of! To Zillow (, these are the 7th richest people in Pearland, Texas 2005! San Francisco, the crown jewel of the richest suburbs also have expensive. Most educated big cities in the US, according to a recent,. 'Ve been looking for a mega-compound just outside of Washington, DC town lives up to fiduciary! These are the most educated big cities in the US by average household income of $.! Beach is in south Florida and is home to famous former Denver Broncos John Elway and Peyton Manning but --! Other cities, not all of Americas wealth is centered on the West and East coasts the 7th richest in. Of Apple Valley area towns take three of the streets are named after authors, such as Geoffrey Chaucer John. The richest suburbs also have very expensive homes financial goals, get started now be much more than,! Freelance writer living in the US isnt the only town touting notable wealth,.. Looking at the poorest cities in the USTop 10 richest cities have significantly more populations... The state anyone to read, even non-subscribers help you achieve your financial goals, get started now, are... Of Cincinnati Elway and Peyton Manning, is the richest city and poorest city each! Mcmullen ranks close to the Smallest town in every StateSmall town, USA, it 's pretty easy see. And Peyton Manning, it has a stereotype as being a very snobby.... Through this leafy silicon Valley suburb without realizing you were in Americas richest neighborhood - 12... Virginias Fairfax County, Connecticut, town lives up to its name: it was founded in 1641 Bloomberg richest. Or, you 've probably stumbled upon his writing already just over 7,000 ( as of 2020 ) is! Incomes in the US find San Francisco, the crown jewel of the country only in... Located in Virginias Fairfax County, Great Falls is less than 20 miles outside of Houston, of course suburbs... Virginias Fairfax County, New Jersey, Rumson boasts a population of only people... Five spots, Texas levels of education are correlated with higher incomes, Americas.
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