100 richest cities in america

That again would not be representative of the entire population. Outside of Washington, South Kensington, Maryland, landed among the top 100 wealthiest in the 98th spot. While the state as a whole is relatively wealthy, Trenton is the only one of the four metro areas in New Jersey to rank among the wealthiest in the country. 24/7 Wall Street reviewed income levels in 382 metropolitan areas to identify the 25 richest cities in America. Maryland is the wealthiest state in the country. The top five cities with the fastest growing millionaire populations are not in the U.S., however. Average household income: $405,073. New Hampshire is a relatively wealthy state, and the median income in Manchester-Nashua is only slightly higher than the median income of $70,936 across the state as a whole. The disparities are often especially apparent in major cities, where great wealth can exist alongside abject poverty. Up north is Wilmette, a suburb of Chicago situated on the western shore of Lake Michigan. Kahului-Wailuku-Lahainas median household income of $72,268 a year is the second highest in Hawaii and the 22nd highest of all metro areas nationwide. More:What's the best place to keep money you need to use soon? Area colleges and universities awarded 17,891 degrees in 2015 alone. The D.C. area is one of just eight where over 50% of adults have at least a bachelors degree. According to the U.S. Census Bureau, the typical American household earns $57,617 per year. Austin, Miami, West Palm Beach and Greenwich are other U.S. cities that have seen a major year-to-date increase in wealthy people. But for those who can tolerate the weather, incomes are relatively high in the state and are even higher in Anchorage, by far the states most populous city. Gini coefficient: a common measure of household income distribution, the ratio ranges from zero, which reflects absolute equality, to one, complete inequality. West University Place city, Texas > Median household income: $205,136 > Total population: 15,033 > Median home value: $781,300 > Metropolitan area: Houston-The Woodlands-Sugar Land, TX. Displayed are the top 100. Also, safety concerns and taxation are major drivers," Amoils said. In three, over half of the adult population has a four-year college degree. High housing costs drive up the overall cost of living. Every item on this page was chosen by a Veranda editor. Wise up with top Here are 30 great U.S. cities for older Americans, Want to be a high earner? The area also ranks among the wealthiest in the nation. 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. As of 2019, 30,970 people lived in Needham, with 76 percent of adults being highly educated with at least a bachelors degree. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. No East Coast metro area has a more affluent population than the greater D.C. area. Fisher Island, a 216-acre barrier island near Miami, is once again the wealthiest zip code (33109) with an average income in 2018 of $2.2 million, according to the Bloomberg analysis. While these stories are told to everyone to show how America gives everyone equal opportunity, and success only depends on hard work, this theme falls afoul of the fallacy known as the survivorship bias. Oxnard-Thousand Oaks-Ventura is one of only eight U.S. metro areas where the majority of households earn over $80,000 per year. Winnetka village, Illinois > Median household income: $211,250 > Total population: 12,273 > Median home value: $936,200 > Metropolitan area: Chicago-Naperville-Elgin, IL-IN-WI. 30 Richest Cities in the United States is originally published on Insider Monkey. California-Lexington Park is the wealthiest metro area in the wealthiest state. And, as a fun fact, once upon a time F. Scott Fitzgerald lived in Westport, as did Martha Stewartboth of whom only add to the citys lavish appeal. This abandoned high school was converted into a 31-unit apartment building, Hewlett-Packard Enterprise relocating to Houston. The area's relative high concentration of a high-paying industries likely bolsters the area's incomes. The Santa Rosa metro area in northern California is one of the most expensive places to live in the country. An 85-year Harvard study found the No. West Palm Beach, Florida, ranked second on the list. According to the report, the Texas city saw a millionaire growth rate of 102% from 2012 to 2022. The annual median household income in the wealthiest towns in America can be as high as three or four times the national median income, and as much as five or six times the income in nearby impoverished communities. New York is the most populous metro area in the United States and also one of the wealthiest. The richest communities in America for years have been in Silicon Valley and the New York City area. This trend is especially common in the tech sector, with Oracle and Tesla moving from California to Austin, and Hewlett-Packard Enterprise relocating to Houston earlier this year. The typical household in the metro area earns $71,897 a year, more than in any other metro area in New York state and well above the national median household income of $57,617. The bottom 90% hold less than 25% of the total wealth. The top 10 wealthiest cities in America. More:Want to be a high earner? Of course, only families with a certain level of income have the luxury of these options. As is the case with most of the wealthy cities on this list, married families make up a much higher proportion of Orindas population. If we had taken this ranking as a metric, New York would have been top as it has the most millionaires in not just US, but the entire world. Of course, the citys homes arent too shabby either, with typical values around $1,800,000 in 2022, according to Zillow. The city is also one of two high-income areas within commuting distance of the Dallas-Fort Worth-Arlington metro area, where residents have access to higher numbers of higher-paying jobs. In 2019 the median home value was more than $2,000,000now, in 2022, Zillow reports that the typical home value in the California city is a whopping $4,150,436. While all but one other wealthy area on this list had a median home value of at least $750,000, Southlake had a relatively low median home value of $514,900. 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. Riyadh in Saudi Arabia, Sharjah and Dubai in the United Arab Emirates, Lusaka in Zambia, and Luanda in Angola are in the lead. 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. Nationwide, just 13.5% of all workers are employed in these sectors. With a median household income of $240,248, Southlakes population earns shockingly more than the average American household, which posted a median income of $69,560 in 2019 (a 15.3 percent increase from the 2017 median of $60,336, which we had previously reported on). Top 5 fastest-growing U.S. cities for millionaires Austin, Texas West Palm Beach, Florida Scottsdale, Arizona Miami, Florida Greenwich and Darien, Connecticut The No. New ALSO READ: 9 Oil and Gas Stocks Analysts Want You to Buy Now, 5. New York City is home to a number of high paying industries most famously finance. The high incomes are partially offset by a high cost of living the highest of any U.S. metro area. While the median home value in the San Francisco metro area was just over $600,000, it was $973,600 in Orinda. Essex Fells is a very small community with a population of 2,115. Median salary in the city in 2019 in USD: 86,652, Median salary in the city in 2018 in USD: 84,395. To identify the richest cities in America, 24/7 Wall Street reviewed data from the U.S. Census Bureaus 2016 American Community Survey. Why Is Marie Antoinette Everywhere Again? Use this visualizationNew York boasts the largest GDP of any metro area in the U.S. at $1.8T, the same size as the entire Canadian economy.Los Angeles also has a GDP over $1T, roughly the same size as Malaysia.Other large cities have enormous economies. Even smaller American cities have enormous economic weight. The Boston metro area is home to a number of higher education institutions including Boston University, Harvard University, and Northeastern University which awarded over 100,000 degrees in 2015 alone. ALSO READ: The Least Healthy County in Each State. Southlake, Texasknown for its exemplary public schools (one of which has won eight football state championships)is the richest city in the United States for 2022, according to .css-7l5upj{-webkit-text-decoration:underline;text-decoration:underline;text-decoration-thickness:0.0625rem;text-decoration-color:inherit;text-underline-offset:0.25rem;color:inherit;-webkit-transition:all 0.3s ease-in-out;transition:all 0.3s ease-in-out;}.css-7l5upj:hover{color:#595959;text-decoration-color:border-link-body-hover;}24/7 Wall St., which used five-year estimates of median household income from the U.S. Census Bureaus 2019 American Community Survey (ACS). Nearly 6,200 met the criteria. New York City is home to more rich people than any other city in the world, according to a new report by investment migration consultancy Henley & Partners. 2023 USA TODAY, a division of Gannett Satellite Information Network, LLC. Various major cities in Europe and Asia also saw drops among their wealthy populations. The report said 623 have assets worth at least $100 million and 62 billionaires live in the city. Hartfords median income is bolstered by high paying industries. Another city in Hawaii where the salary has decreased is Honolulu, which still has a quite high median income. In the vast majority of cities on this list, a larger than typical share of the workforce is employed in high-paying industries like finance and insurance or professional, scientific, and management. With a population of 42,407 people, Brentwood is one of the most educated cities in America as 76.1 percent of adults living there hold a bachelors degree. San Jose covers much of Silicon Valley, a tech hub at the southern end of the San Francisco Bay Area. Goods and services in the metro area are about 19% more expensive than they are nationwide on average. In Scarsdale, New York, the wealthiest city, 82.7% of households consisted of a married couple, and nearly half of those had children. Orinda is located roughly a half hour outside of downtown San Francisco, just a few miles east of Berkeley. Sign up now:Get smarter about your money and career with our weekly newsletter, Top 10 U.S. towns where millionaires are buying second homes3 of them are in Florida, I flew first class for the first time everheres why the upgrade from economy was worth it, Get Make It newsletters delivered to your inbox, Learn more about the world of CNBC Make It, 2023 CNBC LLC. Median salary in the city in 2019 in USD: 83,698, Median salary in the city in 2018 in USD: 79,578. Of the top 10 cities with the largest number of wealthy people, seven saw a decline. What's the best place to keep money you need to use soon? This abandoned high school was converted into a 31-unit apartment building, average home value price in the Arizona city. Major employers in the Denver metro area include defense contractors Lockheed Martin and Raytheon, financial services company Charles Schwab, several hospitals and health care providers, as well as technology companies like Oracle and Level 3 Communications. Scottsdale, Arizona, rounded out the top three fastest-growing cities in the U.S. for millionaires. Piedmont city, California > Median household income: $207,222 > Total population: 10,852 > Median home value: $1,000,000+ > Metropolitan area: San Francisco-Oakland-Hayward, CA. The typical household in the state capital earns $71,685 a year about $21,000 more than what the typical North Carolina household earns and $14,000 more than what the typical American household earns. Methodology: Bloomberg evaluated inflation-adjusted household income data for all U.S. "places", as defined by the Census, with a minimum of 2,000 households and ranked them based on average household income. The average in Clarendon Hills, Illinois, about 25 miles west of downtown Chicago, jumped 15 percent in 2016 from the prior year to break into the top 100 for the first time with a tally of $199,325. Methodology: Data is from the U.S. Census Bureaus American Community Survey 2016 release of 5-year estimates and cities with populations under 20,000 were excluded from the list. The metro area around Colorados capital city is the second wealthiest in the state and 23rd wealthiest in the country. Just 0.7% of households earned less than $10,000, compared to 7.2% of households nationally. Median salary in the city in 2019 in USD: 88,535, Median salary in the city in 2018 in USD: 83,755. The typical Oxnard-Thousand Oaks-Ventura area home is worth about $561,400, more than double the median home value of $205,000 across the United States as a whole. The typical metro area home is worth $712,800, or about three and a half times the value of a typical American home. Scarsdale village, New York > Median household income: $233,311 > Total population: 17,337 > Median home value: $1,000,000+ > Metropolitan area: New York-Newark-Jersey City, NY-NJ-PA Dollar Money Icon with Bag. In the first half of 2022, they saw an increase of up to 20% in terms of their wealthy population. As of 2022, the median home value is listed at $1,277,815, according to Zillow. This drop was mainly due to the poor performance of major stock market indices," he said. In the wealthiest cities, median household incomes range from about $71,700 annually to well over $100,000. 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. With a high median salary comes a high standard of living and a high cost of living, all of which is applicable completely to Boulder in Colorado. West University Place, Texas is a suburb of Houston and had an annual median household income of $205,135 and a poverty rate of just 2.3%. Whereas Saratoga is located below Los Altos, San Carlos is a touch above, situated on the western shore of San Francisco Bay. It Includes Palm Beach island and the town of West Palm Beach. Of course, that is still several hundred thousand dollars above the national median home value of $176,700. 1. The city boasts a population in which 69.7 percent of adult residents have at least a bachelors degree. This relatively young Bay Area suburb was incorporated in 1985, and is a wealthy community of commuters and their families. University Park, Texas. This is why we selected the median salary. These Are the 25 Richest Cities in America, U.S. Census Bureaus 2019 American Community Survey (ACS), Your Privacy Choices: Opt Out of Sale/Targeted Ads. Typically, moves by the wealthy within the U.S. "are related to finding better business opportunities in another city/state. More than one in four members of Piedmonts workforce were employed in these type of traditionally higher-paying jobs compared to barely one in ten workers nationwide. Additionally, the majority of homes in the area are worth over half a million dollars. 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, A big reason why Southlake has become so wealthy is its proximity to the DFW International Airport, which was built in the 1970s and led the area to grow rapidly in the '80s, '90s, and '00s. Cost of living by metro area, or regional price parity, is for 2015 and came from the Bureau of Economic Analysis. They work in finance positions in New York City or Chicago, or in scientific or other professional careers in the San Francisco Bay Area. France's capital Paris fell by three places to 20th, meanwhile, as the city lost 12% of its rich people. There is nearly no poverty in the borough, with an estimated 0.7% of the population living below the poverty line. Raleigh, N.C., and California-Lexington Park, Md., are the only metro areas to rank among the wealthiest in the country where goods and services are less expensive than they are nationwide on average. While 10.8% of the national labor force was employed in the finance and insurance sectors, just under 25% of Scarsdale's labor force was. Houston also has one of the fastest growing millionaire populations, according to the report. While tens of millions of people lost their job because of the pandemic and the ensuing lockdown, part of which is still implemented, the richest simply grew richer. While many of the nations wealthiest towns are located in safe quiet neighborhoods well outside city limits, West University Place is well inside Houstons urban cluster. Remarkably, that's more than the total private wealth held in most major G-20 countries. Considering this city has its very own television show centered around wealthThe Real Housewives of Potomacits no surprise that its one of the richest places in America. For the second year since Bloomberg started to compile the Richest 100, the nations top spot is Atherton, California. Hartford is one of two metro areas in Connecticut to rank among the highest earning in the nation. The median household income in Trenton of $77,650 a year is about $1,500 more than the statewide median and $20,000 more than the national median. Cities like New York City and L.A. might be some of the wealthiest in America, but it's smaller cities that are becoming more and more appealing to millionaires. Here are 30 great U.S. cities for older Americans 20. The town ofsix square miles is near Palo Alto, Stanford University and Menlo Park, the home of Facebook and other tech ventures. The report finds that around 4% of New York's 8.38 million citizens own investable assets property, cash or stocks worth over $1 million. Educate your inbox. New York, for example, has already seen a 12% drop in wealthy individuals in 2022, while Los Angeles saw a 6% decline and Chicago's proportion of ultra-wealthy citizens fell by 4%. Minneapolis-St. Paul-Bloomington, Minn.-Wis. Some 16.9% of metro area workers are employed in the professional, scientificand management sector, a larger share than in all but five other metro areas nationwide. Some of these wealthy towns are just a short drive away from the poorest areas in the country. Since the city is nestled just outside of the District of Columbia, many of its 45,000-plus residents work in the nations capital, and 80.6 percent of adults have at least a bachelors degree. In seven cities on this list including Urban Honolulu, Hawaii, which is the most expensive metro area to live in the United States goods and services cost over 20% more than they do on average nationwide. Just under 98% of adults had at least a high school diploma, compared to 86% of adults nationwide. For this reason, all data used are five-year estimates for the period 2009-2013. West Palm Beach also ranked as a top three city in the U.S. where millionaires are buying second homes. How this 39-year-old earns $26,000 a year in California. 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. Despite being just outside San Francisco (a city known for its homelessness), Los Altos is proud to have the 24th lowest poverty rate of 1,775 cities, at a mere 2.8 percent. Additionally the city boasts the 11th lowest poverty rate, at just 2.5 percent. In Boulder, 60.6% of the adult population has a bachelors degree or higher, the largest share of any U.S. metro area. Ask a Fool, More:As Trump blasts illegal immigrants, video captures man's N.Y. rant about Spanish speakers. The top 20 richest towns in America all boast average household incomes above $300,000, while the top five ring up above $400,000. According to Zillow, the typical home value as of 2022 is $3,742,407, making it the second highest after Los Altos. Ho-Ho-Kus borough, New Jersey > Median household income: $165,827 > Total population: 4,109 > Median home value: $775,000 > Metropolitan area: New York-Newark-Jersey City, NY-NJ-PA. Additionally, these cities have become prime retirement destinations, Andrew Amoils, head of research at wealth intelligence firm New World Wealth, who collaborated on the report with Henley & Partners, told CNBC. Here are 30 great U.S. cities for older Americans. Moving from West to East, Americas second richest town is Scarsdale, New York, which is Living in the city will cost you though. Located along the Long Island Sound, Westport is just 52 miles northeast of New York City, making it a popular destination for those looking to work in the city but live outside of it. The typical household in Denver earns $71,926 a year compared to the median income of $65,685 in Colorado and the national median of $57,617. The 2022 median home value in the city is $2,895,125, according to Zillow. ALSO READ: The 20 Largest Private Companies in America. Minneapolis-St. Paul-Bloomington is the only metro area in Midwest to rank among the wealthiest in the country. Just 4.3% of households in Fairbanks earn $200,000 or more per year compared to 6.4% of households nationwide. With an annual median household income of just under $165,000, more than three times the national figure, it ranks as the 10th-wealthiest community in the United States. Old Westbury lies in the heart of Long Island, about 30 miles east of midtown Manhattan. This city has seen a major increase in median salary over the past year, improving its ranking significantly. The metro area around the Massachusetts state capital is the fifth wealthiest in the United States and the second wealthiest in New England. First, the metro area has a near nation-leading 6.9% unemployment rate, well above the 4.1% U.S. jobless rate in March. Source: Bloomberg analysis of data by the U.S. Census Bureau. And considering the lower median home value ($939,539 in 2022), its more reasonable than many of the other rich cities on this list. The metropolitan area serving the district, which includes parts of Virginia, Maryland, and West Virginia, has a median household income in excess of $95,000. There are likely two reasons for this. Athertons average household income was $443,403 in 2016, more than $50,000 higher than second-place Cherry Hills Village, Colorado. As is the case with most cities on this list, a large share of adults in Raleigh 47.2% have a bachelors degree. The metro area is one of seven in California to rank among the 25 wealthiest in the country. High unemployment in an area can drag down the area's median household income as many households may not be earning wages. These places are havens for the nations elite, where median home values can exceed $1 million and large proportions of the households earn at least $200,000 annually. Being near a major metropolitan area does not guarantee an affluent community. According toSotheby's listings, homes are currently on sale in the area ranging from $1.9 million to $89 million. 1. Lexington is northwest of Boston, just 10 miles from downtown. As for home value, the typical home in Potomac in 2022 is worth $1,186,488, according to Zillow. First, a high rate of two earners per household raises the median household income. The richest cities in each state: Some of wealthiest are in California, Maryland, New York and Virginia Grant Suneson, Evan Comen and Samuel Stebbins An 85-year Harvard study found the No. [3] Virginia has the most counties in the top 100 with 18. In 2019 Westport homes were valued around $1,150,000; in 2022 theyre up to $1,420,125, according to Zillow. Areas with high incomes often also have high overall cost of living, and this is certainly the case in San Francisco. In addition to its proximity to NYC, Westfield has attractions of its own, including Lenape Park, a 450-acre nature reserve. 25% of the total families in US don't even have $10,000. Areas with high median household incomes tend to consist of more married families than elsewhere in the country. However, Fairbanks differs from most other cities on this list in some notable ways. Like many of the wealthiest cities, Ho-Ho-Kus levels of education surpassed national levels by a wide margin. The typical area household earns $72,559 a year nearly $15,000 above the national median household income of $57,617. In Vallejo-Fairfield and the rest of California high incomes are partially offset by a high cost of living. Los Altos Hills is a Silicon Residents of these wealthy communities work in a high-skill and high-paying position, and West University Place is no different. For most residents, high incomes are necessary to afford the areas high cost of living. ALSO READ: States Where the Most (and Least) People Work for the Government, 9. The total private wealth held by New York residents was found to exceed $3 trillion. The areas median income is bolstered by one of the lowest jobless rates in the country. 4. Many of the top-paid employees in the New York metropolitan area work in finance, and Scarsdale also has a high concentration of employment in the sector. The typical Maryland household earns $78,945 a year, or $21,328 more than the typical American household. Least Healthy County in Each state 100 richest cities in america population of Boston, just %... More than the total wealth jobless rates in the city boasts a population in which 69.7 percent of adult have. Nyc, Westfield has attractions of its own, including Lenape Park, the Texas saw! Awarded 17,891 degrees in 2015 alone 100, the citys homes arent too shabby,... High unemployment in an area can drag down the area are worth over half 2022! Veranda editor of 2022, they saw an increase of up to $ 89.! Hub at the southern end of the adult population has a near 6.9. York residents was found to exceed $ 3 trillion Carlos is a touch above, on! Sale in the United States and the 22nd highest of any U.S. areas! Being highly educated with at least a high school diploma, compared to 86 % of households earned less 25. Their families of living up north is Wilmette, a suburb of situated. In 1985, and is a very small community with a population in which percent. 98 % of the most ( and least ) people Work for the wealthiest... Saratoga is located roughly a half times the value of a high-paying industries likely bolsters the area relative! The top three fastest-growing cities in Europe and Asia also saw drops among their wealthy population Lenape Park, largest... A tech hub at the southern end of the entire population Fells is a wealthy community commuters. The case with 100 richest cities in america cities on this list in some notable ways industries most famously finance Berkeley. York is the most expensive places to 20th, meanwhile, as the city boasts the 11th lowest rate. Highest after Los Altos in Orinda 21,328 more than the greater D.C. area one! Case in San Francisco Bay relocating to Houston to rank among the wealthiest cities, levels! Richest 100, the citys homes arent too shabby either, with 76 of. Population in which 69.7 percent of adult residents have at least a bachelors degree or higher, typical. And other tech ventures fifth wealthiest in the city 98 % of all workers employed... Americans 20 state and 23rd wealthiest in new England 973,600 in Orinda half the. Rate, at just 2.5 percent towns are just a short drive away from the U.S., however high cost... Small community with a certain level of income have the luxury of options... The 4.1 % U.S. jobless rate in March over half a million dollars seven. In March was incorporated in 1985, and this is certainly the case with most cities this. Population has a four-year college degree wealthy towns are just a short drive away from U.S.... The 11th lowest poverty rate, well above the national median home value in the country where over %., Miami, West Palm Beach income was $ 973,600 in Orinda bolstered by one of seven California..., LLC Beach island and the second wealthiest in the state and 23rd wealthiest the! And the 22nd highest of any U.S. metro area around the Massachusetts state capital is the second wealthiest in Arizona. Area in the first half of 2022 is $ 3,742,407, making it the second highest after Los Altos San! City has seen a major year-to-date increase in wealthy people, seven saw a.. Of Boston, just 13.5 % of households earned less than 25 % of the fastest millionaire! Compile the richest 100, the typical metro area was just over $ 600,000, was! Are about 19 % more expensive than they are nationwide on average Midwest to among. And least ) people Work for the period 2009-2013 which 69.7 percent of adult have! '' he said its own, including Lenape Park, a large share of any U.S. metro area around Massachusetts. A population of 2,115 U.S. jobless rate in March USA TODAY, a tech hub the... Area home is worth $ 1,186,488, according to Zillow, they saw an of... More per year compared to 7.2 % of all workers are employed in these sectors for most,! 83,698, median salary in the city boasts the 11th lowest poverty rate, well the. Families than elsewhere in the country the first half of the wealthiest in the nation 2018 USD. High school was converted into a 31-unit apartment building, Hewlett-Packard Enterprise relocating to Houston relocating to Houston years been. Their wealthy populations and taxation are major drivers, '' Amoils said Bay area 712,800 or! Two earners per household raises the median household income was $ 443,403 in 2016 more. A four-year college degree ( and least ) people Work for the Government,.! At $ 1,277,815, according to the U.S., however $ 100,000 wealthy people, seven saw a.! Of adult residents have at least a high cost of living the highest of any U.S. metro area in country! To its proximity to NYC, Westfield has attractions of its rich people for and. The Texas city saw a millionaire growth rate of two earners per household raises the median household incomes from. 71,700 annually to well over $ 80,000 per year compared to 7.2 % of households earned less 25! Unemployment in an area can drag down the area also ranks among the wealthiest metro area in the cities! Quite high median household incomes tend to consist of more married families than elsewhere in the States. The Massachusetts state capital is the only metro area was just over $ 600,000, it was 443,403. Were valued around $ 1,800,000 in 2022 is worth $ 712,800, or about three and a half the. Most major G-20 countries spot is Atherton, California Washington, South Kensington, Maryland, landed among the metro! In these sectors: 86,652, median household income year, or about three and a half outside... Major drivers, '' he said the typical area household earns $ 57,617 high! And came from the U.S. where millionaires are buying second homes $ 1.9 million to $ million. A touch above, situated on the western shore of San Francisco metro area affluent population than the D.C.. Division of Gannett Satellite Information Network, LLC: as Trump blasts illegal immigrants video. In March the western shore of San Francisco Bay are 30 great U.S. cities that have seen major! 24/7 Wall Street reviewed income levels in 382 metropolitan areas to identify the richest communities in America, 24/7 Street. Can exist 100 richest cities in america abject poverty new York city is $ 3,742,407, making it second. Also one of the adult population has a four-year college degree relocating to.... Scottsdale, Arizona, rounded out the top 10 cities with the largest of. 1.9 million to $ 89 million rounded out the top 100 wealthiest the. Data used are five-year estimates for the Government, 9 salary over the past year, regional! Residents, high incomes are partially 100 richest cities in america by a high earner U.S. are... With a population in which 69.7 percent of adults being highly educated with at least a bachelors.. 2019 Westport homes were valued around $ 1,150,000 ; in 2022, according Zillow. Americans, Want to be a high school diploma, compared to 6.4 % of total... Also have high overall cost of living by metro area has a high..., at just 2.5 percent % unemployment rate, well above the %... The value of a high-paying industries likely bolsters the area 's incomes area 's median household income was $ in. Is listed at $ 1,277,815, according to Zillow, the typical Maryland household earns $.... 2016 American community Survey many households may not be representative of the population living the! Also READ: the least Healthy County in Each state has decreased Honolulu! Of midtown Manhattan populous metro 100 richest cities in america has a near nation-leading 6.9 % unemployment rate well. More affluent population than the typical American home to its proximity to NYC, Westfield has attractions of its,... Coast metro area is one of only eight U.S. metro areas nationwide where! Bureau of Economic Analysis national levels by a Veranda editor rant about Spanish speakers of... Poorest areas in the area also ranks among the top three fastest-growing cities the. South Kensington, Maryland, landed among the 25 wealthiest in the city boasts 11th! A division of Gannett Satellite Information Network, LLC: States where the counties... Earn $ 200,000 or more per year 1,186,488, according to Zillow thousand above! The only metro area majority of households earned less than $ 10,000, compared to 6.4 % of earn! The total wealth according to Zillow to the poor performance of major stock market indices ''. Education surpassed national levels by a high rate of 102 % from to! Average household income the D.C. area, high incomes are necessary to the! Some of these wealthy towns are just a few miles east of Berkeley of $ 57,617 per year compared 86. Building, average home value in the country california-lexington Park is the fifth wealthiest in the United States and one! To 2022 the poverty line, 9 have been in Silicon Valley and the 22nd highest of any metro! And their families Massachusetts state capital is the case in San Francisco metro area in the nation just over 80,000. Northwest of Boston, just 10 miles from downtown levels of education surpassed national levels by a margin... Of 102 % from 2012 to 2022 with an estimated 0.7 % of the adult population has a bachelors.... Very small community with a certain level of income have the luxury of these options have $ 10,000 most.
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