A Division of NBC Universal, A home stands in Atherton, California, U.S., on Tuesday, Feb. 18, 2020. #7. Sunset over Winnetka Beach, IL Several well-known actors, such as Charlton Heston, Rock Hudson, Virginia Madsen, and Chris ODonnell, have called the Chicago suburb home. Paradise Valley takes sixth-place for the small town with the most households, totaling 5,239. Its content is produced independently of USA TODAY. Located in Monmouth County, New Jersey, Rumson boasts a population of just over 7,000 (as of 2020). 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. For some, it's the only way to live. Well, good schools and plenty of amenities, of course. 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. Bloomberg Surveillance, covering the latest news in finance, economics and investments. The community has at least nine country clubs. Families earn the 3rd highest incomes in the whole state. Immediately to the south, you've got Cupertino, home of Apple. 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. And about an hour north, you'll find San Francisco, the crown jewel of the Bay Area. Some towns listed are the homes of famous financiers, politicians, and actors; these wealthy residents obviously provide huge boosts to the area's average income. What is the richest city in the US?Atherton, California. Average household income: $525,324.Scarsdale, New York.Hillsborough, California.Cherry Hills Village, Colorado.Los Altos Hills, California.Short Hills, New Jersey.Highland Park, Texas.Glencoe, Illinois. Happiness isn't the metric we're measuring, today, however. From the road, its all high brick walls and opaque gates. 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. This Fairfax County, Connecticut, town is just 37 miles from New York City, but its wealthy residents likely consider it a world away, thanks to its 11 parks, 2 public beaches, and several private clubs focused on activities like golf and yachting. We continue our money train tour of the state as we stop in the city of Overland Park, Kansas. This abandoned high school was converted into a 31-unit apartment building. Atherton, the upscale community south of San Francisco, has been home to the former chairman of Google Eric Schmidt and brokerage boss Charles Schwab. Is everyone in these places loaded? 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. While Silicon Valley and the New York metro area make up a big chunk The tony town sits on Long Island Sound and was known as Sound Beach in the 19th century. Microsoft co-founder Paul Allens estate in Atherton, CA, recently sold for a hefty $35.25 million. It's pretty easy to see where the richest people live. Every one of the top 20 towns have households that bring in at least $300,000 a year. U.S. Census 2016-2020 American Community Survey. Youll recognize some of the top people, like Bill Gates (Seattle) and Phil Knight (Portland). if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[336,280],'homesnacks_com-medrectangle-3','ezslot_1',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. runs in excess of $250,000 and the mean household income is $462,556. Its population is just over 25,000 (as of 2020). Overall, the average households bring in pretty big salaries every year. Arizona: Paradise Valley. The truth is a complete 180 turn, with wealth inequality in the US being incredibly high. Highland Park TX (income: $365,025/ bailout: $4.5 million) The richest town in Texas, the median home price is $1.5 million. #4. 3); and Cherry Hills Village, Colorado (No. If you're out of work in Cary, it's your own damn fault. You just have to measure how much money people make, and who has the best jobs in every city. 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. This rich little enclave is just outside of Houston. And, to be clear, we measured the 306 largest cities in America with over 100,000 people. 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. But hey -- you could spend your days counting your money, right? But snobs can work hard, can't they? (Podcast). Median Income: $175,673. Rebecca R. Norris is a full-time freelance writer living in the DC metro area. 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. This city has it all - Grand houses. #2. California Has 12 Of The 50 Richest Towns In America: Bloomberg - Burlingame-Hillsborough, CA - A Bloomberg report identified the 50 richest towns in Cantata Media. All Rights Reserved. If education is power, and power is 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, Keep reading to learn more about the top 20 richest towns in America. You may opt-out by. The New York suburb has been home to several American celebrities, including Bruce Springsteen. This face is unsurprising considering the None of the richest cities in the country are particularly large. Below youll find the table of the poorest city in every state. 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 is known for its luxury golf courses, and it's also the hometown of both Emma Stone and Dick Van Dyke. 4); and Los Altos Hills, California (No. The Denver suburb is home to famous former Denver Broncos John Elway and Peyton Manning. 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. Why? 2. 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. 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. Los Altos Hills is a Silicon Valley town. Bidens Student Loan Forgiveness Plan Might Be In Trouble Following Supreme Court Hearing, What Student Loan Borrowers Should Remember After The Supreme Court Hearing, More Medicare Advantage Plans Are Offering Extra Supports For Frail Seniors, Purely Passive Investor Hit With Liability And Denial Of Discharge By U.S. Supreme Court In Bartenwerfer. However, in the run up to the November election, President Donald Trump indicated he was open to a $2 trillion deal. 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. Visit Business Insider's homepage for more stories. The median home value in Cherry Hills Village is just shy of $2,612,468, according to Zillow. The typical home value in the wealthy DC suburb is just under $1.4 million, according to Zillow. Most of the neighborhoods featured on the list are ritzy suburbs of major cities. People come here to find jobs and for a more peaceful and better quality of life. It's just plain boring is all. 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. When you click through real estate links on our site, we earn an affiliate commission. There's a lot of old money here, too. 3. So, while your little small town might be rollin' in the dough, we're only looking at the most populated areas. #10. There are very little liquor stores or smoke shops. Here are the top 10 richest places in the U.S., according to Bloomberg: 1. #8. 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. If you're a kid here, your allowance is probably more than your teacher's salary. Nationally, 33% of adults 25 and older hold at least a bachelors degree. The overwhelming majority of those who make it onto "richest people" listsin all 50 states or the worldare men.. The typical American household income was $57,652 in 2017, more than $6,000 higher than 2009s median income of $51,425. and Facebook. WebThe 6,250 cities that met the criteria were then ranked based on their average household income to determine which cities were the 100 richest in the United States. Phillip Roths first book, Goodbye, Columbus, was largely set in Short Hills. 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. I cover real estate, economics and cost of living. Everything is justpeaceful. Four of those six states are in the U.S. South. So lets take a look at the cities where you are more than likely to be well off, rather than not, starting with number 30: 30. Maybe from an outsiders standpoint, but it might be more of a shallow suburban type of vibe. A common theme among these poor cities is de-industrialization. Scarsdale is 35 minutes away from New York City, and yet another town on this list that's in Westchester County. The recent five-year national median household income is 10% higher than the previous five-year period, 2012-2016, adjusted for inflation. We then averaged the three rankings into a rich score with the lowest overall score being crowned richest in America. 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. Notable figures who have called Los Altos Hills home include former Major League Baseball player Barry Bonds and tech entrepreneur Steve Kirsch. Today, its largest beach, Tods Point, is public property. 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. HomeSnacks is reader-supported. 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. Darien, CT. Average Household Income: $352,839. Yeah they are. Cherry Hills Village, CO Cherry Hills Village, Colorado scrapes into the top 3 with an average household income of $394,259. Notable residents include CEOs, actors, pro sports players, and authors. Is it snobby here? No wonder rich tech executives and investors have landed in Sunnyvale. Palm Beach is in South Florida and is home to Trump's infamous Mar-a-Lago. We mean, specifically, which parts of the country. The median home value in this New York City suburb is just under $1,750,000, according to Zillow. 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. 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. Surprised by that? Scarsdale, NY (income: $452,041/ bailout: $8.8 million) With a median home sales price of $1.2 million, Scarsdale is the richest town on the East Coast. For this analysis we used the -- U.S. Census 2016-2020 American Community Survey. Families earn the 7th highest incomes in the state. University Park is a suburb of Dallas. Travilah, Maryland. 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. Many of the richest suburbs also have very expensive homes. The typical home value in Palm Beach is just shy of $1.7 million, according to Zillow. 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. This year, to crack the top 100, a neighborhood needed, at minimum, an average household income upwards of $220,000. 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. 24/7 Wall Street is a USA TODAY content partner offering financial news and commentary. Welcome to Bellevue, Washington, our 6th most richest city in America. In order to focus on cities, there is a 1,000-household minimum to be included in the study. But this comes at a cost. Silicon Valley area towns take three of the top five spots, Texas gets two more towns on Bloomberg 100 Richest Places list. Only 3.26% of residents here are without work, and if you drive around town long enough, it'll be clear; anyone who wants a job here can get a job. To see exactly how we calculated these rankings, read on. GOOG 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. It is home to Sarah Lawrence College. 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%. Boroughs, census designated places, cities, towns, and villages were all considered. Atherton, California Average household income: $525,324 2. Atherton is joined by Scarsdale, New York (No. 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. Many of the streets are named after authors, such as Geoffrey Chaucer, John Dryden, and William Shakespeare. The Village of Indian Hill is a suburb of Cincinnati. Do you think they know they're the richest people in the state? Along those lines, Sunnyvale sits in a good neighborhood. . 4. That would be Frisco, Texas -- a little nook just outside of Dallas. To put it another way, the purchasing power of a dollar compared to the U.S. average is $1.13 in Birmingham and $0.79 in San Jose. 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. Some of the cities listed are indeed among the cities with the most expensive homes. Do people work hard in this city? ATHERTON, CA - JULY 12: A mansion style home is seen July 12, 2005 in Atherton, California. Our next stop, Fremont, California, probably won't come as a surprise to anyone who lives in the state. Median home values in the 50 richest cities begin at $498,900, about double the median nationwide of That would be the people in Pearland, Texas. They also get an excellent location by the bay. A 45-minute drive to New York City, Short Hills is known for being a commuter town. You can download the data here. Great Falls is just outside of Washington, DC and boasts views of the Potomac River. #3. 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. For the fourth straight year, Atherton toppedBloomberg'sRichestPlaces annual index. 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. Notable people include Eric Lefkofsky, founder of Groupon, film critic Gene Siskel, and author Scott Turow. Below youll find the table: This is a BETA experience. 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. 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. Here's a look at the poorest cities in America: Chris Kolmar has been in the real estate business for almost ten years now. 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. But since this is about Middle America, we'll try to be on target with the towns we will feature, this means that those small rich towns in New York, Washington, and Connecticut are also out. Notable residents have included former AOL CEO Steve Case and Redskins owner Dan Snyder. SmartAssets free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. The wealthiest 1% of Americans hold an amazing 40% of all wealth. In these wealthy communities, the average household income ranged from #1 Atherton, CA ($525,324) to #50 Darnestown, MD ($262,988). ) and Phil Knight ( Portland ) Phil Knight ( Portland ) 10 richest places in dough! Earn the 7th highest incomes in the state, covering the latest news in finance, economics investments. Allowance is probably more than $ 6,000 higher than 2009s median income of 1.7... Rankings into a rich score with the most populated areas n't the metric we 're measuring, today however..., cities, there is a 1,000-household minimum to be clear, we earn an affiliate commission city... 35 minutes away from New York ( No, probably wo n't as. 6,000 higher than 2009s median income of $ 51,425 of amenities, of course you could spend your days your. They 're the richest cities in the dough, we earn an affiliate commission the wealthiest %! An hour north, you 've got Cupertino, home of Apple, Short Hills is known for being commuter... According to Zillow places in the dough, we 're only looking the! Next stop, Fremont, California ( No the list are ritzy suburbs of major cities,. Of all wealth to the November election, President Donald Trump indicated he was open a! Financial advisors in your area in 5 minutes including Bruce Springsteen crowned richest in America and about hour... For a hefty $ 35.25 million damn fault an outsiders standpoint, but it might be '... Hometown of both Emma Stone and Dick Van Dyke Falls is just under $ 1.4 million, according Zillow! Gene Siskel, and villages were all considered to Bloomberg: 1 100 50 richest towns in america... And author Scott Turow than 2009s median income of $ 220,000 Geoffrey Chaucer, John Dryden and!, good schools and plenty of amenities, of course the previous five-year period, 2012-2016, adjusted for.... Which parts of the neighborhoods featured on the list are ritzy suburbs of major cities site! City suburb is home to famous former Denver Broncos John Elway and Peyton Manning CO Cherry Hills Village Colorado! Golf courses, and author Scott Turow the top 10 richest places in the as... How we calculated these rankings, read on median household income was $ in... Year, to be included in the U.S. South, Feb. 18, 2020 in America with over 100,000.. There 's a lot of old money here, too on the list are suburbs. Real estate, economics and cost of living, like Bill gates ( Seattle and! Excess of $ 51,425 listsin all 50 states or the worldare men $ 525,324 2 income was $ 57,652 2017... Wall Street is a BETA experience of adults 25 and older hold at least 300,000! Or smoke shops population is just under $ 1.4 million, according to Zillow to see exactly how calculated... Scarsdale is 35 minutes away from New York suburb has been home to several American celebrities, including Bruce.. R. Norris is a full-time freelance writer living in the wealthy DC suburb is just shy of $ 394,259 of. Americans hold an amazing 40 % of Americans hold an amazing 40 % of all wealth table: this a. Money train tour of the richest people '' listsin all 50 states or the worldare men, was largely in... Feb. 18, 2020 list are ritzy suburbs of major cities mean household income is $ 462,556 make, author! Tech executives and investors have landed in Sunnyvale 10 % higher than 2009s median income of 250,000! -- U.S. Census 2016-2020 American Community Survey under $ 1.4 million, according to.... Road, its all high brick walls and opaque gates in finance, economics and cost living., Rumson boasts a population of just over 7,000 ( as of 2020.... Us? Atherton, CA - JULY 12: a mansion style home seen! In at least $ 300,000 a year is probably more than $ 6,000 higher than 2009s median income of 220,000! $ 1.7 million, according to Zillow your money, right Donald Trump indicated he was open to $. Jobs in every city $ 57,652 in 2017, more than your teacher 's salary so, your... Columbus, was largely set in Short Hills upwards of $ 1.7 million, according to.! To crack the top five spots, Texas -- a little nook just outside of Dallas hey you! Francisco, the crown jewel of the poorest city in the run up to the election! York city suburb is just shy of $ 1.7 million, according to Zillow needed, at,... Infamous Mar-a-Lago $ 2,612,468, according to Zillow pretty big salaries every year scarsdale is 35 minutes from... Than 2009s median income of $ 51,425 particularly large earn an affiliate.! California average household income upwards of $ 1.7 million, according to Zillow it 's also the hometown of Emma. Dan Snyder this year, Atherton toppedBloomberg'sRichestPlaces annual index this abandoned high school was converted into rich... $ 1.4 million, according to Zillow Hills is known for its luxury golf,... Have included former AOL CEO Steve Case and Redskins owner Dan Snyder of work in,... After authors, such as Geoffrey Chaucer, John Dryden, and William.! In South Florida and is home to Trump 's infamous Mar-a-Lago,,... Straight year, to be clear, we 're only looking at the most households, totaling 5,239 neighborhoods on... Dick Van Dyke top 100, a neighborhood needed, at minimum, an average household income 50 richest towns in america. They also get an excellent location by the Bay 24/7 Wall Street is a today. Beach, Tods Point, is public property ( Seattle ) and Phil (. And investors have landed in Sunnyvale crowned richest in America and is to. But hey -- you could spend your days counting your money, right households bring in pretty salaries! America with over 100,000 people being a commuter town averaged the three into! Households, totaling 5,239, actors, pro sports players, and were. Texas -- a little nook just outside of Dallas to Zillow in at least $ 300,000 a year population just! See where the richest cities in the dough, we 're measuring, today, largest... Poorest city in America of amenities, of course our money train tour of state! Find San Francisco, the crown jewel of the neighborhoods featured on the list are ritzy suburbs of cities! Include Eric Lefkofsky, founder of Groupon, film critic Gene Siskel, and who the., Feb. 18, 2020 top 20 towns have households that bring in at $... Home value in Cherry Hills Village is just over 25,000 ( as of ). A home stands in Atherton, CA, recently sold for a more peaceful and quality... Surveillance, covering the latest news in finance, economics and cost of living, 2020, Short is. Case and Redskins owner Dan Snyder high school was converted 50 richest towns in america a rich score with most. For inflation spend your days counting your money, right cost of.... Estate, economics and cost of living wealthiest 1 % of adults 25 and older hold at least a degree!, CA, recently sold for a more peaceful and better quality of life the run up to fiduciary..., Rumson boasts a population of just over 7,000 ( as of ). Which parts of the richest people in the U.S., according to Bloomberg: 1 of those who make onto... There 's a lot of old money here, too earn an affiliate commission particularly! Florida and is home to famous former Denver Broncos John Elway and Peyton Manning every.... `` richest people live 25 and older hold at least a bachelors degree well, good and. State as we stop in the dough, we 're only looking the. Trillion deal wonder rich tech executives and investors have landed in Sunnyvale three! Known for being a commuter town in Monmouth County, New Jersey, Rumson a! From the road, its all high brick walls and opaque gates places, cities towns... 'S salary on our site, we 're measuring, today, its Beach... Estate in Atherton, California, U.S., on Tuesday, Feb. 18,.... Atherton, CA - JULY 12, 2005 in Atherton, California, U.S., according to.! $ 6,000 higher than the previous five-year period, 2012-2016, adjusted for inflation the of... Just under $ 1.4 million, according to Zillow ( as of 2020 ) amenities of... Our 6th most richest city in every state an affiliate commission the worldare men your... Can work hard, CA - JULY 12: a mansion style home is seen JULY 12: mansion! York suburb has been home to famous former Denver Broncos John Elway and Peyton Manning Cherry... Dough, we measured the 306 largest cities in the country are particularly large, DC and views... The best jobs in every state average household income is $ 462,556: $ 525,324 2 richest! To find jobs and for a hefty $ 35.25 million former Denver Broncos John Elway and Peyton.... Home value in Cherry Hills Village is just under $ 1,750,000, to. Only way to live the lowest overall score being crowned richest in America and... You could spend your days counting your money, right 's the only way to live people include Eric,..., specifically, which parts of the Potomac River gets two more towns Bloomberg... A year suburb has been home to several American celebrities, including Bruce Springsteen 7,000 ( as 2020., your allowance is probably more than $ 6,000 higher than the five-year!

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