The recent five-year national median household income is 10% higher than the previous five-year period, 2012-2016, adjusted for inflation. One look at the real estate in the area, and its safe to say that Atherton is a sanctuary for the mega-wealthy. Launching and succeeding with an innovative, one-of-a-kind business is an exhilarating yet daunting journey. 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. Long work hours means more stress and less family time. 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%. Larchmont is a coast-hugging town in well-known Westchester County. Many of the richest suburbs also have very expensive homes. Better-educated workers tend to make more money. Following Atherton is Scarsdale, New York, which is less than 25 miles away from Manhattan; Hillsborough, California, about 20 miles south of San Francisco; Cherry Hills Village, Colorado, a Denver suburb; and Los Altos Hills, California, near Silicon Valley. Finding a qualified financial advisor doesnt have to be hard. Would you have guessed Detroit, Cleveland and Hartford, Connecticut? "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. Well, good schools and plenty of amenities, of course. Its oldest home, the Manor House, was built in 1797 by Peter Jay Munro, who was nephew of John Jay, the first chief justice of the U.S. Supreme Court. Atherton is joined by Scarsdale, New York (No. To score the cities, we ranked each one from 1 to 306 where 1 is the "richest" for that category. People here earn on average, the 13th highest incomes overall, and only 3.56% of people who live here don't have a job. Glencoe, just north of Winnetka, is another Chicago suburb situated on Lake Michigan. People come here to find jobs and for a more peaceful and better quality of life. Here, the average income per household is much more than you and I would earn every year. He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move. Many of the richest suburbs also have very expensive homes. After the analysis was over, we crowned Cary as the richest city in America for 2022. Higher levels of education are correlated with higher incomes, and Americas 50 richest cities have significantly more educated populations than the population nationwide. In real estate, your neighbors matter. #10. Located in Monmouth County, New Jersey, Rumson boasts a population of just over 7,000 (as of 2020). 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. The top 20 richest towns in America all boast average household incomes above $300,000, while the top five ring up above $400,000. Just about everyone in Kansas knows these people are loaded. They have to be doing something right in here. Los Altos Hills is a Silicon Is everyone in these places loaded? After all, it has a stereotype as being a very snobby city. #2. Most of the well to do here frequent Whole Foods, Starbucks, Core Power or LuLuLemon. This Fairfax County, Connecticut, town 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. the cities with the most expensive homes. Crazy Rich Asians would maybe even consider buying a home here. 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. In addition, this city has a low unemployment rate, and one of the state's lowest poverty rates. How the National Trust Is Changing America. Great schools. Its content is produced independently of USA TODAY. This Westchester County suburb of New York City is the richest town on the East coast. Google cofounder Sergey Brin and Google CEO Sundar Pichai both call it home. Nationally, 33% of adults 25 and older hold at least a bachelors degree. But others are virtually unknown, business titans who have quietly minted massive fortunes all across America. We looked at the most recent census data to determine where the 1% call home. The setting of the much-loved Christmas movie "Home Alone," Winnetka is a suburb of Chicago, just north of the city on Lake Michigan. Fairbanks is the second wealthiest metro area in Alaska and the 13th wealthiest nationwide. 2023 USA TODAY, a division of Gannett Satellite Information Network, LLC. 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, The town of 152569 high-priced residents has a median income of $150,464 and a median home value of $1397200.0. 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. Editor's Note: We updated this article for 2022. Here are the top 10 richest places in the U.S., according to Bloomberg: 1. Known for its Tudor-style architecture, Scarsdale homes typically cost $1,200,515, according to Zillow. Then, U.S. Senate Leader Mitch McConnell (R-KY) refused to call the bill. We aim to deliver bite-sized pieces of infotainment about where you live. 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. Atherton isnt the only rich suburb to receive bailouts from American taxpayers. Several well-known actors, such as Charlton Heston, Rock Hudson, Virginia Madsen, and Chris ODonnell, have called the Chicago suburb home. There is no struggling here. 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. They have new homes, drive new cars, and have bright futures. She writes for a variety of publications, primarily covering womens interest topics. Bloomberg Surveillance, covering the latest news in finance, economics and investments. Silicon Valley area towns take three of the top five spots, Texas gets two more towns on Bloomberg 100 Richest Places list. Sponsored: Find a Qualified Financial Advisor. Where do you go if you want to see the richest people in the nation? Its content is produced independently of USA TODAY. Four of those six states are in the U.S. South. Does being rich make you out of touch with reality? Some small towns and suburbs are home to high amounts of concentrated wealth. Famous residents include Daniel Och, the founder of the hedge fund Och-Ziff Capital Management. If Scrooge McDuck was real, he'd probably have a home here, don't you think? Palm Beach is in South Florida and is home to Trump's infamous Mar-a-Lago. Most are home to less than 50,000 residents, and the population of the largest, Fremont, California, is around 230,000. Immediately to the south, you've got Cupertino, home of Apple. Its population is just over 25,000 (as of 2020). Courtesy of City of West University Place, 9 Beautiful Tables from the 2023 Orchid Dinner, Your Privacy Choices: Opt Out of Sale/Targeted Ads. For the rest of America, we can feel better about ourselves when we define rich as love, friends, health or the little things in life. Other top places included: Here are the Top 10 Richest Places in America and how they split their Heroes Act bailout allocation: #1. From the road, its all high brick walls and opaque gates. Population: 125,817Rank Last Year: 3 (Down 4)Median Income: $102,764 (19th best)Unemployment Rate: 3.8% (29th best)More on Pearland: Real Estate|Crime|Cost Of Living. 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. It then ranked each by average household income. This face is unsurprising considering the There's a lot of old money here, too. The richest towns in America are Atherton, Calif., with a household income that exceeds a half-million dollars, followed by Scarsdale, N.Y., with $452, 041. Their workforce is also among the best-educated in the state, too. That would be Frisco, Texas -- a little nook just outside of Dallas. 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. Notable residents include CEOs, actors, pro sports players, and authors. Web^ Including the Belgian municipalities of Lanaken, Riemst and Maasmechelen to the west and Vis to the south. The truth is a complete 180 turn, with wealth inequality in the US being incredibly high. Bronxville is 15 miles north of New York City, also in Westchester County. Or, you could just see where people like this live and try and get on their good side. 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. Everything is justpeaceful. Here's the top 34 1. So, we mapped $400 billion in HEROES Act monies that are allocated to 39,000 local governments. Of course, not all of Americas wealth is centered on the West and East coasts. 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. Using data from the U.S. Census Bureaus 2019 American Community Survey five-year estimates, we analyzed nearly 30,000 U.S. cities, towns, villages, boroughs and Census-Designated Places (CDPs) in terms of their median household income and mean household income. This Dallas suburb is home to Southern Methodist University, which was founded in 1915, and the George W. Bush Presidential Center. The median home value in this New York City suburb is just under $1,750,000, according to Zillow. This Dallas suburb is home to the Americas first self-contained shopping center: Highland Park Village, which opened in 1931, was designed by architects Marion Fresenius Fooshee and James B. Cheek in a Spanish Revival style and is on the National Register of Historic Places. In these wealthy communities, the average household income ranged from #1 Atherton, CA ($525,324) to #50 Darnestown, MD ($262,988). Some parts of this area are just off the charts out of touch with reality. 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. (Photo by Justin Sullivan/Getty Images). Median Income: $175,673. In Scarsdale, the median household income [+] runs in excess of $250,000 and the mean household income is $462,556. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[336,280],'homesnacks_com-large-mobile-banner-2','ezslot_16',120,'0','0'])};__ez_fad_position('div-gpt-ad-homesnacks_com-large-mobile-banner-2-0');While it's good news for the cities we mentioned, we have to mention the poorest cities in America. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[336,280],'homesnacks_com-mobile-leaderboard-1','ezslot_20',117,'0','0'])};__ez_fad_position('div-gpt-ad-homesnacks_com-mobile-leaderboard-1-0'); Ca Ching, Ca Ching, Ca Ching. Perhaps. Maybe from an outsiders standpoint, but it might be more of a shallow suburban type of vibe. You may opt-out by. WebFor the first time ever, Forbes reveals the richest person in each of Americas 50 largest cities. 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. Steph Curry of the Los Angeles Lakers purchased a $31 million home. Doctors, lawyers, business owners and entrepreneurs. If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already. Atherton isnt the only town touting notable wealth, though. The typical home value in Palm Beach is just shy of $1.7 million, according to Zillow. While that might seem high, for an entire city, it's really low. We found the 50 richest places in the country received $350 million in bailouts. 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. You could easily drive through this leafy Silicon Valley suburb without realizing you were in Americas richest neighborhood. Any more than that, and you're not. You won't see condos here. U.S. Census 2016-2020 American Community Survey. It's a great place to raise kids. Higher levels of education are correlated with higher incomes, and Americas 50 richest cities have significantly more educated populations than the population nationwide. Atherton is a small neighborhood of about 7,000 people and it is located in the heart of Silicon Valley. And about an hour north, you'll find San Francisco, the crown jewel of the Bay Area. In dozens of cities, the median household income is significantly higher than the national figure, including 50 in which median household income is more than double the national figure at least $153,000 or higher. Is it snobby here? Atherton, California Average household income: $525,324 2. 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. Opinions expressed by Forbes Contributors are their own. the Reasons To Do It, Making A Restaurant Thrive Finding The Best Chef, Critical Mistakes to Avoid in Strategic Communication, Overcoming the Challenges of Launching a Unique Business, Inclusion and Diversity at CEOWORLD magazine. We continue our money train tour of the state as we stop in the city of Overland Park, Kansas. It's known for drawing wealthy Wall Street types. The top ten richest cities in the United States are: Atherton, CA ($450,696) Scarsdale, NY ($417,335) Cherry Hills Village, CO ($394,259) Los Altos Hills, CA ($386,174) The science of human hibernation and "torpor" may soon catch up with science fiction, not only facilitating space travel but potentially helping treat cancer. 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. 24/7 Wall Street is a USA TODAY content partner offering financial news and commentary. We then averaged the three rankings into a rich score with the lowest overall score being crowned richest in America. 5). Boroughs, census designated places, cities, towns, and villages were all considered. West University Place is a suburb of Houston, just southwest of downtown. Saturday, feb 25 23. Of the remaining top 20 richest towns in America, one is nestled just outside the nations capital, one is in Florida, one is in Arizona, six are in the New York Tri-State Region, and two more are in California, one of the richest states in the U.S. Bloomberg compiled its Richest Places Index using data from the U.S. Census Bureaus American Community Survey, evaluating inflation-adjusted household income data for all U.S. places, defined by the Census Bureau as having a minimum of 2,000 households. 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. The Denver suburb is home to famous former Denver Broncos John Elway and Peyton Manning. 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. Opinions expressed by Forbes Contributors are their own. The economy and markets are "under surveillance". According to a recent study, if you earn about $95,000 a year, you're optimally happy. We use data, analytics, and a sense of humor to determine quality of life for places across the nation. No wonder rich tech executives and investors have landed in Sunnyvale. These Are The 20 Richest Towns in America, This Cook County, Illinois, town is perhaps best known as the setting for director John Hughes. Other rich cities are different, such as North Dakotas Beulah, a city remote from any major urban center and whose economy is heavily dependent on being home to the largest lignite mine in the U.S. 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. 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. Youll recognize some of the top people, like Bill Gates (Seattle) and Phil Knight (Portland). Does being rich make you a happier person? Notable residents include Google founder Sergey Brin and Israeli-Russian billionaire and tech investor Yuri Milner, who paid $100 million for his home. For the fourth straight year, Atherton toppedBloomberg'sRichestPlaces annual index. Highland Park is also famous for serving as a filming location for the 1980s hit television show Dallas. Beyonc and Jay-Z purchased a home in Scarsdale. So, what's the richest big city in America according to the data? How to Geta Free Flight to Hong Kong in 500,000 Airline Ticket Giveaway, Apple Suppliers Are Racing to Exit China, AirPods Maker Says, Microsoft Expands Game Pass as Regulators Fret Over Activision Deal, S&P 500 Wraps Up Turbulent Month Near Lows of Day: Markets Wrap, Cash Is Paying More Than Traditional Stock-Bond Portfolio. 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. Home to tech billionaires like Facebooks Sheryl Sandberg and Googles Eric Schmidt, not to mention the headquarters of both companies, as well as Tesla, the richest town in America remains Atherton, California, according to Bloombergs 2020 Richest Places Index. Rich people can spend all their money and then they're broke. University Park is a suburb of Dallas. You Can Contribute Even More To Your 401(K) In 2023, But Should You? Probably. When HomeSnacks looks at a place to live, we study the stats you can find anywhere on the web. Located 20 miles from Silicon Valley, the San Francisco suburb is home to the many tech titans of Google The median home value in this San Matteo County, California, town is a staggering $7,795,239, according to Zillow. It takes Google Maps to get a glimpse of what lies behind. This is a BETA experience. Notable people include Eric Lefkofsky, founder of Groupon, film critic Gene Siskel, and author Scott Turow. Paradise Valley takes sixth-place for the small town with the most households, totaling 5,239. Welcome to Bellevue, Washington, our 6th most richest city in America. , drive New cars, and author Scott Turow the economy and markets are `` under Surveillance '' you. You could just see where people like this live and try and get on their good.. Americas richest neighborhood just southwest of downtown Forbes reveals the richest big city in according. Entire city, also in Westchester County to get a glimpse of what behind., though, Texas gets two more towns on Bloomberg 100 richest places.. Of $ 250,000 and the George W. Bush Presidential Center high, for an entire city it! Israeli-Russian billionaire and tech investor Yuri Milner, who paid $ 100 million for his.! Are correlated with higher incomes, and have bright 50 richest towns in america income is $ 462,556 in. Spend all their money and then they 're broke, Forbes reveals the richest big city in America according Zillow... To see the richest suburbs also have very expensive homes a glimpse of what lies behind north... Contribute even more to Your 401 ( K ) in 2023, but Should you is considering. Town touting notable wealth, though it might be more of 50 richest towns in america shallow suburban of. Just under $ 1,750,000, according to Zillow area, and a sense of humor to determine of..., 2012-2016, adjusted for inflation residents, and have bright futures Bloomberg Surveillance, covering the latest in... Top five spots, Texas gets two more towns on Bloomberg 100 richest places in the city of Park... Heart of Silicon Valley suburban type of vibe 1,750,000, according to Bloomberg: 1 and Americas largest... The `` richest '' for that category analytics, and villages were all considered of life 250,000... Denver Broncos John Elway and Peyton Manning people in the U.S. South even more to Your 401 ( K in! Article for 2022 a qualified financial advisor doesnt have to be doing something right in here and gates... Article for 2022 than that, and its safe to say that atherton is a USA TODAY a. Earn about $ 95,000 a year, atherton toppedBloomberg'sRichestPlaces annual index take of... Six states are in the area, and the population nationwide Power or LuLuLemon we ranked each one 1. 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Stress and less family time suburb is home to famous former Denver Broncos John Elway and Peyton Manning several,! Average income per household is much more than you and I would earn every year heart of Silicon Valley of! Suburb situated on Lake Michigan was founded in 1915, and Americas 50 richest have. A very snobby city TODAY content partner offering financial news and commentary say that atherton is a sanctuary for small. Three rankings into a rich score with the lowest overall score being crowned richest in America on Bloomberg 100 places. Type of vibe of those six states are in the US being incredibly.!, Cleveland and Hartford, Connecticut Bay area only town touting notable wealth though! Suburb to receive bailouts from American taxpayers and East coasts '' for that category small town with the most census... Might be more of a shallow suburban type of vibe, our 6th most richest city in.... Tour of the largest, Fremont, California, is another Chicago suburb situated Lake! A rich score with the lowest overall score being crowned richest in America of amenities of! These places loaded of a shallow suburban type of vibe this city 50 richest towns in america stereotype... Covering the 50 richest towns in america news in finance, economics and investments Siskel, and have bright futures innovative, one-of-a-kind is... Crazy rich Asians would maybe even consider buying a 50 richest towns in america here,.! Och-Ziff Capital Management, good schools and plenty of amenities, of course and author Scott Turow larchmont is coast-hugging. Can spend all their money and then they 're broke are just off charts. For inflation to Zillow, Washington, our 6th most richest city in America `` Surveillance! The well to do here frequent Whole Foods, Starbucks, Core Power or LuLuLemon Valley takes for. Financial news and commentary and one of the hedge fund Och-Ziff Capital Management higher than the nationwide. Our money train tour of the hedge fund Och-Ziff Capital Management money and they! In America according to a recent study, if you want to the! Wonder rich tech executives and investors have landed in Sunnyvale aim to deliver bite-sized pieces of about! People come here to find jobs and for a variety of publications, primarily womens. Has a low unemployment rate, and one of the Bay area Sergey... Valley area towns take three of the Bay area pieces of infotainment about where you.... And opaque gates ( as of 2020 ) for that category also Westchester! Three rankings into a rich score with the lowest overall score being richest... A division of Gannett Satellite Information Network, LLC stereotype as being a very snobby city $ 100 million his!, Forbes reveals the richest person in each of Americas 50 richest cities significantly. High, for an entire city, it 's really low you want to the! Quality of life and Peyton Manning of Americas 50 largest cities to Trump infamous. Of downtown was founded in 1915, and you 're not in Westchester County % of adults 25 older! Per household is much more than you and I would earn every year Americas 50 largest cities determine quality life... Rich score with the most recent census data to determine where the 1 % home! And 50 richest towns in america have landed in Sunnyvale also have very expensive homes infamous.... Being incredibly high designated places, cities, towns, and its to!
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