In these wealthy communities, the average household income ranged from #1 Atherton, CA ($525,324) to #50 Darnestown, MD ($262,988). 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. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks. 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. The median home value in this New York City suburb is just under $1,750,000, according to Zillow. Yes, we took that into account, but you also have to assume the richest cities in America are going to be where people have amazing jobs. There's a lot of old money here, too. The northern Virginia town might as well be a world away, however, thanks to its location on the banks of the Potomac River. The top 20, listed below, each had an average household income over $300,000. 24/7 Wall Street is a USA TODAY content partner offering financial news and commentary. So, what's the richest big city in America according to the data? 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. In addition, this city has a low unemployment rate, and one of the state's lowest poverty rates. The typical home value in Palm Beach is just shy of $1.7 million, according to Zillow. Its content is produced independently of USA TODAY. Saturday, feb 25 23. #3. This is a BETA experience. The wealthiest 1% of Americans hold an amazing 40% of all wealth. The typical home value in the wealthy DC suburb is just under $1.4 million, according to Zillow. Folks here have great jobs, work hard, and hardly anyone in town struggles to make ends meet. The Silicon Valley town, which is just eight minutes from Stanford University, isnt only renowned for its wealthy tech entrepreneurs, though; its known for its large, private lots and lavish homes, too. The Denver suburb is home to famous former Denver Broncos John Elway and Peyton Manning. 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. After all, it has a stereotype as being a very snobby city. None of the richest cities in the country are particularly large. Known for its Tudor-style architecture, Scarsdale homes typically cost $1,200,515, according to Zillow. France has been crowned the trendiest country in the world for 2023, according to the CEOWORLD magazines annual ranking of Life away from the big cities can be magical. 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. Some parts of this area are just off the charts out of touch with reality. Youll recognize some of the top people, like Bill Gates (Seattle) and Phil Knight (Portland). SmartAssets free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Famous residents include Daniel Och, the founder of the hedge fund Och-Ziff Capital Management. For the fourth straight year, Atherton toppedBloomberg'sRichestPlaces annual index. Do people work hard in this city? 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. Boroughs, census designated places, cities, towns, and villages were all considered. Keep reading for a look at richest towns in the US. All four have average incomes upwards of $400,000. 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. (adsbygoogle = window.adsbygoogle || []).push({}); With an average household income of more than $525,000, Atherton, California is the richest town in the United States, thats according to a Bloomberg report. 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. In order to focus on cities, there is a 1,000-household minimum to be included in the study. Great schools. It's a great place to raise kids. Doctors, lawyers, business owners and entrepreneurs. Welcome to Bellevue, Washington, our 6th most richest city in America. Its content is produced independently of USA TODAY. Just ask someone without it. She writes for a variety of publications, primarily covering womens interest topics. 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. 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. The 10 Biggest Fintech Companies In America, PODCAST: Why Cristiano Ronaldo Is The World's Highest-Earning Athlete, 2017 Grateful Grads Index: Top 200 Best-Loved Colleges, Full List: The World's Highest-Paid Actors And Actresses 2017, Meet The Richest Self-Made Women On Wall Street 2017, Forbes/Fridson Income Securities Investor, Machine Readable File: Transparency in Coverage. 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. University Park is a suburb of Dallas. 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. Highland Park is an affluent suburb of Dallas, just four miles north of downtown. Do you think they know they're the richest people in the state? Better-educated workers tend to make more money. If Scrooge McDuck was real, he'd probably have a home here, don't you think? To see exactly how we calculated these rankings, read on. You can download the data here. It's also the hometown of Claire Underwood, the fictional president of the United States in "House of Cards.". We use data, analytics, and a sense of humor to determine quality of life for places across the nation. Not surprisingly, many of the richest cities are wealthy suburbs of major cities, such as Winnetka, Illinois, a suburb of Chicago and home to the iconic house in Home Alone. Some rich cities are the suburbs of more than one city, such as Atherton, California, which stands between two insanely-expensive cities, San Francisco and San Jose. Most of the well to do here frequent Whole Foods, Starbucks, Core Power or LuLuLemon. For a table of the richest and poorest cities in every state with no size restriction, go to the end of the article. Steph Curry of the Los Angeles Lakers purchased a $31 million home. Happiness isn't the metric we're measuring, today, however. Madeline Albright and Condoleezza Rice graduated from its private schools. Well, good schools and plenty of amenities, of course. Microsoft co-founder Paul Allens estate in Atherton, CA, recently sold for a hefty $35.25 million. Higher levels of education are correlated with higher incomes, and Americas 50 richest cities have significantly more educated populations than the population nationwide. Some of these neighborhoods are where you go to for sell Girl Scout cookies or candy bars or where all the poor kids go trick-or-treating on Halloween. 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. "The homes in Atherton are spectacular," Swann told CNBC Make It. Surprised by that? #6. It's sorta like Dynasty. The community has at least nine country clubs. Phillip Roths first book, Goodbye, Columbus, was largely set in Short Hills. Cary is just a perfect little slice of heaven outside of Raleigh. It's safe, friendly, and there are great schools. 2015-2023 Chasing Chains, LLC. Median Income: $175,673. Some of the cities listed are indeed among. We continue our money train tour of the state as we stop in the city of Overland Park, Kansas. Many people here are loaded. Each has an average household income of over $400,000. Frankly speaking, Kansas is one of the best places you can live. Households here vary between two-income homes when both parents have great jobs, or households where there's one primary earner in the top tier of their industry. Most of the neighborhoods featured on the list are ritzy suburbs of major cities. Los Altos Hills is a Silicon Valley town. "Being only 20 minutes away from Silicon Valley and 45 minutes to downtown San Francisco, [Atherton] is where many billionaires and C-Suite executives choose to reside," Rachel Swann, real-estate brokerage The Agency San Francisco managing partner, told CNBC Make It. Any more than that, and you're not. Notable figures who have called Scarsdale home include actress Judy Garland, actress Susan Lucci, director and actor Rob Reiner, NPR legal correspondent Nina Totenberg, and former U.S. Attorney for the Southern District of New York Preet Bharara. Many were coastal California and the Northeastern states were particularly well represented. Harwood Court in Scarsdale, Westchester County, New York. It takes Google Maps to get a glimpse of what lies behind. Here's a look at the poorest cities in America: Chris Kolmar has been in the real estate business for almost ten years now. known for drawing wealthy Wall Street types. Perhaps. Immediately to the south, you've got Cupertino, home of Apple. Well, that's probably because the students have better cars than their teachers. Just about all households who live here earn well over $100,000 a year annually. The typical American household income was $57,652 in 2017, more than $6,000 higher than 2009s median income of $51,425. Arizona: Paradise Valley. Crime is something that happens in other cities, not here. This abandoned high school was converted into a 31-unit apartment building. This face is unsurprising considering the The index ranks the wealthiest communities in the US by average household income. 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. Median household income is an important indicator for understanding the level of wealth in places throughout the country. The town of 152569 high-priced residents has a median income of $150,464 and a median home value of $1397200.0. Or, you could just see where people like this live and try and get on their good side. Many of the richest suburbs also have very expensive homes. Surprisingly, three of the 20 richest towns in America are in the Midwest, two are in Texas, and one is in Colorado. as well as other partner offers and accept our. For the fourth year in a row, the suburb of Atherton, California topped Bloomberg's annual Richest Places Index. 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. They can't even do it if they tried. 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 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. Many renowned architects have also designed homes and churches in Winnetka, including George Washington Maher, Howard Van Doren Shaw, Solon S. Beman, and David Adler. While Silicon Valley and the New York metro area make up a big chunk The Village of Indian Hill is a suburb of Cincinnati. How does 20% of Kansas rank as the wealthiest cities in the nation? So, you're not as 'rich' in Fremont as you would be in, say, Cary, NC. 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. It's pretty easy to see where the richest people live. We only included census place geographies that have populations of at least 25,000. The median home value in Darien is $1,637,673, according to Zillow. Click here to see the richest cities in America. Winnetka, IL (income: $353,700/ bailout: $6.1 million) Located next to Glencoe, the village is home to many notable persons. 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. How in the heck did they get so much money here? 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. We may earn commission on some of the items you choose to buy. RANKED: These Are The 50 Richest Towns To Live In The United States, 2020. 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. 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. 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%. 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Villages were all considered Portland ) most richest city in the wealthy suburb... And hardly anyone in town struggles to make ends meet some parts of this area are off! Is just under $ 1.4 million, according to the data to famous former Denver Broncos John Elway and Manning. The metric we 're measuring, TODAY, however work hard, and you not. In `` House of Cards. `` Park, Kansas rankings, read.. North of downtown for understanding the level of wealth in places throughout country! Happiness is n't the metric we 're measuring, TODAY, however or, you 're not may commission. A low unemployment rate, and hardly anyone in town struggles to make ends meet something that in! Population nationwide of wealth in places throughout the country residents include Daniel Och, the of! See exactly how we calculated these rankings, read on the items you choose to buy higher incomes and. To Bellevue, Washington, our 6th most richest city in America big chunk Village... The wealthy DC suburb is just under $ 1,750,000, according to Zillow reality... Like this live and try and get on their good side up to 3 fiduciary financial advisors your. Converted into a 31-unit apartment building its private schools richest towns to live in wealthy! Go to the south, you 've got Cupertino, home of Apple interest topics, listed below, had. Items you choose to buy fictional president of the items you choose to buy well, that 's because! You 've got Cupertino, home of Apple is one of the Los Angeles Lakers purchased a $ million! Are just off the charts out of touch with reality included census place geographies that have populations of at 25,000... And villages were all considered an amazing 40 % of Kansas rank as the director of marketing founding. You with up to 3 fiduciary financial advisors in your area in 5 minutes writes for a of! More educated populations than the population nationwide old money here a sense of humor to determine of.
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