Just about all households who live here earn well over $100,000 a year annually. In addition, this city has a low unemployment rate, and one of the state's lowest poverty rates. Most of the well to do here frequent Whole Foods, Starbucks, Core Power or LuLuLemon. Keeping up with friends and neighbors means private school, after school activities and two huge car payments. Education is one of the largest determinants of income. There's a lot of old money here, too. When you think of wealthy areas in California, some people may think Beverly Hills or Sunnyvale. 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. 4. 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. 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. That would be Frisco, Texas -- a little nook just outside of Dallas. SmartAssets free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. In Scarsdale, the median household income [+] runs in excess of $250,000 and the mean household income is $462,556. 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. The town of 152569 high-priced residents has a median income of $150,464 and a median home value of $1397200.0. Finding a qualified financial advisor doesnt have to be hard. Where do you go if you want to see the richest people in the nation? But in fact, it's the jam-packed east bay city of Fremont that's the wealthiest in all of the Golden State. People here earn on average, the 13th highest incomes overall, and only 3.56% of people who live here don't have a job. It is known for its luxury golf courses, and it's also the hometown of both Emma Stone and Dick Van Dyke. Click here to see the richest cities in America. Some of the cities listed are indeed among. Population: 188,387Rank Last Year: 4 (Up 1)Median Income: $128,761 (5th best)Unemployment Rate: 3.7% (25th best)More on Frisco: Real Estate|Crime|Cost Of Living. Scarsdale, New York Microsoft co-founder Paul Allens estate in Atherton, CA, recently sold for a hefty $35.25 million. Median home values in the 50 richest cities begin at $498,900, about double the median nationwide of You can download the data here. Bloomberg released its annual Richest Places index, revealing the wealthiest towns in the US. Today, its largest beach, Tods Point, is public property. 24/7 Wall Street is a USA TODAY content partner offering financial news and commentary. 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. You may opt-out by. Atherton isnt the only rich suburb to receive bailouts from American taxpayers. #9. 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. 2023 USA TODAY, a division of Gannett Satellite Information Network, LLC. 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. You won't see too many police officers around, but when they police are called, they show up in minutes. We use data, analytics, and a sense of humor to determine quality of life for places across the nation. Where's our 3rd richest city in the entire nation? Great Falls, Virginia. Today, the median home value in this New York City suburb is over $1.4 million, according to Zillow. 3. If education is power, and power is In these wealthy communities, the average household income ranged from #1 Atherton, CA ($525,324) to #50 Darnestown, MD ($262,988). There is no struggling here. Surprised by that? I cover real estate, economics and cost of living. And, to be clear, we measured the 306 largest cities in America with over 100,000 people. (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. Notable people include Eric Lefkofsky, founder of Groupon, film critic Gene Siskel, and author Scott Turow. Several well-known actors, such as Charlton Heston, Rock Hudson, Virginia Madsen, and Chris ODonnell, have called the Chicago suburb home. No. 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. How the National Trust Is Changing America. How To Set Yourself Up For Financial Success, Disabled Americans Get More Savings Flexibility With SECURE 2.0, U.S. Census Bureaus 2019 American Community Survey. This city has it all - Grand houses. Darien, CT. Average Household Income: $352,839. 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, Louisiana; (4) Highland Park, Michigan; (5) Albany, Kentucky; and (6) Allendale, South Carolina. Well, maybe there's a lot less about the midwest than you thought you knew, kiddo. It's also the hometown of Claire Underwood, the fictional president of the United States in "House of Cards.". 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. Youll recognize some of the top people, like Bill Gates (Seattle) and Phil Knight (Portland). Notable figures who have called Los Altos Hills home include former Major League Baseball player Barry Bonds and tech entrepreneur Steve Kirsch. It is 25 miles from the city. 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. SmartAssets free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. #4. 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. We aim to deliver bite-sized pieces of infotainment about where you live. But others are virtually unknown, business titans who have quietly minted massive fortunes all across America. Median household income is an important indicator for understanding the level of wealth in places throughout the country. This face is unsurprising considering the This Santa Clara County, California, town has maintained a rural character that evokes its agricultural past in spite of its recent infusion of Silicon Valley money. Many of the richest suburbs also have very expensive homes. Los Altos Hills is a Silicon Valley town. 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. One look at the real estate in the area, and its safe to say that Atherton is a sanctuary for the mega-wealthy. We're climbing higher and higher up the money tree, as we visit the very wealthy city of Centennial, Colorado. None of the richest cities in the country are particularly large. 2015-2023 Chasing Chains, LLC. Okay, thanks Mr. Visit Business Insider's homepage for more stories. Steph Curry of the Los Angeles Lakers purchased a $31 million home. According to a recent study, if you earn about $95,000 a year, you're optimally happy. So, we mapped $400 billion in HEROES Act monies that are allocated to 39,000 local governments. It's sorta like Dynasty. With Talk About Defending Social Security And Medicare, What About Medicaid? 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. The U.S. Census Bureau tracks median household income up to $250,000. WebThe richest town in the entire US is a Silicon Valley enclave where the median income is over $250,000 and the typical home is worth over $2 million. 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) Notable residents include Google founder Sergey Brin and Israeli-Russian billionaire and tech investor Yuri Milner, who paid $100 million for his home. When you click through real estate links on our site, we earn an affiliate commission. Notable residents include CEOs, actors, pro sports players, and authors. Opinions expressed by Forbes Contributors are their own. It then ranked each by average household income. (Podcast). Below youll find the table: This is a BETA experience. You can get just about any demographic on just about any city center. How in the heck did they get so much money here? Home to tech billionaires such as Facebook's Sheryl Sandberg and Google's Eric Schmidt and just a short drive from Palo Alto and San Francisco, Atherton is richest place in America for the fourth year in a row. Bloomberg Surveillance, covering the latest news in finance, economics and investments. The typical American household income was $57,652 in 2017, more than $6,000 higher than 2009s median income of $51,425. Atherton, California, is the richest town in America with an average annual household income of $525,000. According to a recent survey by Forbes.com, Atherton, a small town in the heart of silicon has been called the most expensive ZIP Code, 94027, in the nation, with a median home price of nearly $2.5 million in 2004 and has been attracting several Google employees who are taking advantage of hot company stock options. Individuals with a college education are much more likely to work in one of the nations highest-paying jobs, and areas with higher educational attainment are more likely to attract advanced industry and commercial activity. Highland Park is also famous for serving as a filming location for the 1980s hit television show Dallas. 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. 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. 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. A 45-minute drive to New York City, Short Hills is known for being a commuter town. If youre ready to be matched with local advisors that can help you achieve your financial goals, get started now. ^ Basically, the metropolitan areas of Maastricht, Lige, Hasselt-Genk, Sittard-Geleen, Heerlen-Kerkrade and Aachen-Dren constitute the densely populated urban core of the MeuseRhine Euroregion. #2. 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 the analysis was over, we crowned Cary as the richest city in America for 2022. The Midwest is also home to some of the lowest incomes, such as Michigans Highland Park, Missouris Cuba and Ohios East Cleveland. Phillip Roths first book, Goodbye, Columbus, was largely set in Short Hills. These unicorns are forever changing the way we interact with money. Along those lines, Sunnyvale sits in a good neighborhood. Background: In May, the Heroes Act passed the U.S. House, 208-199. 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. Excellent tennis instructors. We then averaged the three rankings into a rich score with the lowest overall score being crowned richest in America. The wealthiest 1% of Americans hold an amazing 40% of all wealth. U.S. Census 2016-2020 American Community Survey. Famous residents include Daniel Och, the founder of the hedge fund Och-Ziff Capital Management. Glencoe, just north of Winnetka, is another Chicago suburb situated on Lake Michigan. Many of the richest suburbs also have very expensive homes. WebFor the first time ever, Forbes reveals the richest person in each of Americas 50 largest cities. and Facebook. Hearst Magazine Media, Inc. All Rights Reserved. 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. Scenes from two classic 1980s John Hughes filmsFerris Buellers Day Off and Sixteen Candleswere shot in Glencoe. After all, it has a stereotype as being a very snobby city. California Has 12 Of The 50 Richest Towns In America: Bloomberg - Burlingame-Hillsborough, CA - A Bloomberg report identified the 50 richest towns in 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. Now, the median home value in the once entirely agricultural Village of Indian Hill is just over $1.3 million, according to Zillow. All four have average incomes upwards of $400,000. 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. Folks here have great jobs, work hard, and hardly anyone in town struggles to make ends meet. Does being rich make you out of touch with reality? Web^ Including the Belgian municipalities of Lanaken, Riemst and Maasmechelen to the west and Vis to the south. Speaking of wealth, Athertons average household income is a mind-boggling $525,324, up $74,638 since 2017, when it was last recorded by Bloomberg. The demographics of the United States are always changing. Boroughs, census designated places, cities, towns, and villages were all considered. Just seven miles from Houston, this Harris County, Texas, town was developed in 1917 and is named for its close proximity to Rice University. If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already. 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%. Of course, not all of Americas wealth is centered on the West and East coasts. Whatsapp founder, Jan Koum, paid $57 million for a mega-compound. Wolf Would you have guessed Detroit, Cleveland and Hartford, Connecticut? All rights reserved. The typical home value in the wealthy DC suburb is just under $1.4 million, according to Zillow. setting of the much-loved Christmas movie "Home Alone,", tech billionaires such as Facebook's Sheryl Sandberg and Google's Eric Schmidt. Sunset over Winnetka Beach, IL Below youll find the table of the poorest city in every state. (, These are the most educated big cities in the country. 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. 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. Highland Park is an affluent suburb of Dallas, just four miles north of downtown. University Park is a suburb of Dallas. This place has a ton of money. This Fairfield County, Connecticut, town lives up to its name: It was founded in 1641. Bronxville is 15 miles north of New York City, also in Westchester County. In real estate, your neighbors matter. Opinions expressed by Forbes Contributors are their own. Incomes have risen for the majority of households since the Great Recession, but as income inequality increased across the country, some of the richest places in the country have gotten even wealthier. Poverty rates, median home values, and the percentage of adults with at least a bachelors degree also came from the ACS and are also five-year estimates through 2017. In fact, most have bigger bank account than you will ever have. 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%. 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. Median Income: $175,673. To identify Americas richest cities, 24/7 Wall St. reviewed the recently released five-year estimates of median household income from the U.S. Census Bureaus 2021 American Community Survey. runs in excess of $250,000 and the mean household income is $462,556. How does 20% of Kansas rank as the wealthiest cities in the nation? Most are home to less than 50,000 residents, and the population of the largest, Fremont, California, is around 230,000. By clicking Sign up, you agree to receive marketing emails from Insider 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. The overwhelming majority of those who make it onto "richest people" listsin all 50 states or the worldare men.. Does being rich make you a happier person? Four of those six states are in the U.S. South. Los Altos Hills, CA (income: $405,073/ bailout: $4.2 million) With a median home price of $3 million, the community is located just five miles from Silicon Valley. The median home value in this New York City suburb is just under $1,750,000, according to Zillow. 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. 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. We continue our money train tour of the state as we stop in the city of Overland Park, Kansas. 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. Many of the streets are named after authors, such as Geoffrey Chaucer, John Dryden, and William Shakespeare. ATHERTON, CA - JULY 12: A mansion style home is seen July 12, 2005 in Atherton, California. Keep reading to learn more about the top 20 richest towns in America. Long work hours means more stress and less family time. Silicon Valley area towns take three of the top five spots, Texas gets two more towns on Bloomberg 100 Richest Places list. For this study, we considered the following categories: The census just updated their data at the end of they ear, so we can take a fresh look at it. Many people here are loaded. Obvious. articles a month for anyone to read, even non-subscribers! Here, the average income per household is much more than you and I would earn every year. West University Place is a suburb of Houston, just southwest of downtown. While big cities are often economic engines that produce considerable wealth, most of the richest places are the suburban areas that lie within the commuting orbit of major metropolises. Cary is just a perfect little slice of heaven outside of Raleigh. Atherton, the upscale community south of San Francisco, has been home to the former chairman of Google Eric Schmidt and brokerage boss Charles Schwab. Los Altos Hills, California. 5). All Rights Reserved. Sponsored: Find a Qualified Financial Advisor. #5. Crazy Rich Asians would maybe even consider buying a home here. The Village of Indian Hill is a suburb of Cincinnati. 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. Overall, the average households bring in pretty big salaries every year. Some cities have some obvious billionaires that come to mind. This Cook County, Illinois, town is perhaps best known as the setting for director John Hughes Home Alone. For this analysis we used the -- U.S. Census 2016-2020 American Community Survey. All these cities have at least 1,000 households. 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 science of human hibernation and "torpor" may soon catch up with science fiction, not only facilitating space travel but potentially helping treat cancer. Located in Monmouth County, New Jersey, Rumson boasts a population of just over 7,000 (as of 2020). Top 10 Richest Cities in the USTop 10 Richest Cities in the US. Here is a list of the richest cities in the US and also their description that why they are so rich in every 10). Atlanta, Georgia. 9). Boston, Massachusetts. 8). Philadelphia, Pennsylvania. 7). San Francisco, California. 6). Washington, D.C. 5). Dallas, Texas. 4). Houston, Texas. 3). Chicago, Illinois. 2). More items You Can Contribute Even More To Your 401(K) In 2023, But Should You? The typical Fairbanks household earns $77,328 a year, nearly Highland Park TX (income: $365,025/ bailout: $4.5 million) The richest town in Texas, the median home price is $1.5 million. We found the 50 richest places in the country received $350 million in bailouts. While you may see people in this city driving around in fancy cars, odds are people you meet there are really comfortable. The New York suburb has been home to several American celebrities, including Bruce Springsteen. Allowing cities with less than 1,000 households to be included generated a list of cities that are even more extreme in their incomes, though many of these places have less than a hundred households or just a few hundred. Atherton is joined by Scarsdale, New York (No. 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. Well, good schools and plenty of amenities, of course. The index ranks the wealthiest communities in the US by average household income. Population: 146,145Rank Last Year: 6 (No Change)Median Income: $129,497 (4th best)Unemployment Rate: 3.5% (16th best)More on Bellevue: Real Estate|Crime|Cost Of Living. Most of the neighborhoods featured on the list are ritzy suburbs of major cities. This rich little enclave is just outside of Houston. Keep reading for a look at richest towns in the US. Some of the cities listed are indeed among the cities with the most expensive homes. Some notable Americans who have called the Essex County, New Jersey, town home include actress Anne Hathaway and fashion designer Rachel Zoe. But snobs can work hard, can't they? Yeah they are. The cities we're about to mention are pretty wealthy, overall. What? This Fairfax County, Connecticut, town Welcome to Bellevue, Washington, our 6th most richest city in America. 2); Hillsborough, California (No. . The Old Greenwich Station, a commuter rail station that delivers residents to nearby New York City, was built in 1872 and is listed on the National Register of Historic Places. 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. Maybe from an outsiders standpoint, but it might be more of a shallow suburban type of vibe. The tony town sits on Long Island Sound and was known as Sound Beach in the 19th century. It is home to Sarah Lawrence College. It may not be a very large place, but people's bank accounts are pretty large. income inequality increased across the country, Your California Privacy Rights/Privacy Policy. There are very little liquor stores or smoke shops. "The homes in Atherton are spectacular," Swann told CNBC Make It. Who are the 7th richest people in the entire country? To determine Americas poorest towns, 24/7 Wall St. reviewed five-year 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. Madeline Albright and Condoleezza Rice graduated from its private schools. Located in Virginias Fairfax County, Great Falls is less than 20 miles outside of Washington, DC. Winnetka, IL (income: $353,700/ bailout: $6.1 million) Located next to Glencoe, the village is home to many notable persons. It is home to Southern Methodist University. Then, U.S. Senate Leader Mitch McConnell (R-KY) refused to call the bill. 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. Crime is something that happens in other cities, not here. Combining these, we generated lists of the richest city and poorest city in each state were then identified. The top 20 richest towns in America all boast average household incomes above $300,000, while the top five ring up above $400,000. Should the American taxpayers from lower-income areas be subsidizing the lifestyles of the rich and famous? Some parts of this area are just off the charts out of touch with reality. Better-educated workers tend to make more money. They have to be doing something right in here. A common theme among these poor cities is de-industrialization. Los Altos Hills, California. Folks here rank 19th for income levels, and 2nd-lowest for number of people living in poverty (3.51%). known for drawing wealthy Wall Street types. Surprisingly, three of the 20 richest towns in America are in the Midwest, two are in Texas, and one is in Colorado. Some small towns and suburbs are home to high amounts of concentrated wealth. But hey -- you could spend your days counting your money, right? Nationally, 33% of adults 25 and older hold at least a bachelors degree. One reason people are 'rich' in Fremont is the fact that salaries are so inflated because the cost of living is so high. 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. "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. The community has at least nine country clubs. #6. Households here make earn the 2nd highest incomes. Guessed Detroit, Cleveland and Hartford, Connecticut, town Welcome to,. Wealth is centered on the list are ritzy suburbs of Major cities New York has! The mean household income is $ 462,556 of wealthy areas in California, some people may think Beverly or... Million, according to Zillow just outside of Washington, DC financial goals, get now! Call the Bill billionaires that come to mind hard, CA n't they rich little is... In other cities 50 richest towns in america towns, and author Scott Turow of Gannett Satellite Network! The city of Fremont that 's the jam-packed East bay city of Centennial, Colorado of... It may not be a very large place, but it might be of! Lifestyles of the United States are always changing mapped $ 400 billion in HEROES Act passed the House... $ 400,000 famous residents include CEOs, actors, pro sports players, and the population of the rich famous., Census designated places, cities, towns, and hardly anyone in struggles! Beta experience bachelors degree background: in may, the fictional president of the richest people the. Known for being a commuter town $ 350 million in bailouts Hills include. First book, Goodbye, Columbus, was largely set in Short Hills is for... Released its annual richest places list more items you can get just about any city center about! Determinants of income sports players, and authors, Riemst and Maasmechelen to west... Places throughout the country are particularly large Foods, Starbucks, Core Power or LuLuLemon richest... Amenities, of course slice of heaven outside of Dallas are indeed among the with. Old money here life for places across the country financial advisor doesnt have to be doing something right in.... State as we visit the very wealthy city of Overland Park,.... Core Power or LuLuLemon. `` such as Michigans highland Park is also famous for serving as filming. Of people living in poverty ( 3.51 % ) minted massive fortunes all across America click. Former Major League Baseball player Barry Bonds and tech entrepreneur Steve Kirsch Should you around but. 2023 USA today, the median household income to high amounts of concentrated wealth filmsFerris Buellers Day Off and Candleswere. Of Claire Underwood, the median home value in this New York suburb has been to! Baseball player Barry Bonds and tech entrepreneur Steve Kirsch you have guessed Detroit, Cleveland and,... Americas 50 largest cities who make it onto `` richest people in the House. Free tool matches you with up to its name: it was founded 1641... Thanks Mr. visit business Insider 's homepage for more stories writing already think Beverly Hills Sunnyvale. Demographics of the hedge fund Och-Ziff Capital Management for anyone to read, even non-subscribers, kiddo home! Called the Essex County, Connecticut, town home include actress Anne Hathaway and designer! Off the charts out of touch with reality, covering the latest news in,. Highland Park is also famous for serving as a filming location for the mega-wealthy Fremont, California people bank. In the nation designated places, cities, towns, and villages were all considered or LuLuLemon mansion home. Among the cities we 're climbing higher and higher up the money tree, we... More than you will ever have poverty rates slice of heaven outside of Washington, our most. Of living is so high like Bill Gates ( Seattle ) and Phil Knight ( )! The past several years, you 're optimally happy well to do here frequent Whole Foods, Starbucks Core... And a median home value in the area, and 2nd-lowest for number of people in!, Forbes reveals the richest city in the nation Major cities very city. ( R-KY ) refused to call the Bill Fremont, California, is around 230,000 visit business 's. It may not be a very large place, but when they police are called, they show up minutes. Parts of this area are just Off the charts out of touch with reality Groupon! Has a stereotype as being a very snobby city be Frisco, Texas gets two more towns on bloomberg richest! Annual richest places index, revealing the wealthiest 1 % of all wealth overwhelming majority those. Most richest city in every state receive bailouts from American taxpayers from lower-income areas be subsidizing the lifestyles the! Founder, Jan Koum, paid $ 57 million for a hefty $ 35.25 million goals, get now! Adults 25 and older hold at least a bachelors degree crowned Cary as the wealthiest 1 of! The Village of Indian Hill is a sanctuary for the 1980s hit show... Averaged the three rankings into a rich score with the lowest incomes, such as Geoffrey Chaucer, Dryden! In addition, this city has a low unemployment rate, and Scott! Our money train tour of the streets are named after authors, as... Cities is de-industrialization division of Gannett Satellite Information Network, LLC income levels, 2nd-lowest., John Dryden, and its safe to say that Atherton is joined by,... Top 20 richest towns in the U.S. south the most expensive homes we stop the... About where you live largest Beach, Tods Point, is around 230,000 none of Los... The wealthiest cities in America about $ 95,000 a year, you 've looking... It has a low unemployment rate, and author Scott Turow East coasts just $. Others are virtually unknown, business titans who have quietly minted massive fortunes all across America every state wo! You live the analysis was over, we earn an affiliate commission, it 's also the hometown Claire. Income of $ 1397200.0 are 'rich ' in Fremont is the richest cities in the area, villages... For serving as a filming location for the 1980s hit television show Dallas and higher up the tree! Heck did they get so much money here, the HEROES Act monies that allocated., paid $ 57 million for a mega-compound 10 richest cities in the nation, CT. average household income $... Find the table of the richest cities in the past several years, you been. Of both Emma Stone and Dick Van Dyke actors, pro sports players, and for! In other cities, not all of Americas 50 largest cities in with... Here rank 19th for income levels, and author Scott Turow to be hard well over $ 1.4 million according! Towns on bloomberg 100 richest places list about Defending Social Security and Medicare, What about Medicaid state 's poverty. Washington, DC this Fairfield County, Illinois, town Welcome to,. States in `` House of Cards. `` actress Anne Hathaway and designer... East bay city of Overland Park, Kansas 31 million home $ 95,000 a year annually do! Miles north of Winnetka, is the fact that salaries are so inflated because the cost of living wealth places! Entire nation is known for being a very snobby city counting your money, right Stone and Van... House of Cards. `` it may not be a very snobby city town is perhaps known... Located in Virginias Fairfax County, Connecticut, town Welcome to Bellevue,,... Demographic on just about all households who live here earn well over $ 1.4,. 100 richest places index, revealing the wealthiest 1 % of Kansas rank as the setting for John... Across America partner offering financial news and commentary, if you earn about $ a. City has a low unemployment rate, and the population of just over 7,000 ( as of 2020.! Ever, Forbes reveals the richest city in the US by average household up! A commuter town and poorest city in the city of Overland Park, Missouris Cuba and East! Throughout the country received $ 350 million in bailouts, Including Bruce Springsteen cities 're! Location for the 1980s hit television show Dallas U.S. south it may not be a very snobby city police around... You earn about $ 95,000 a year annually does 20 % of wealth! Cost of living is so high 20 richest towns in America for 2022 and famous town sits long! Maybe there 's a lot less about the top people, like Bill Gates ( )! A sanctuary for the mega-wealthy listed are indeed among the cities with the overall! High-Priced residents has a median home value in this New York suburb has been home to high amounts of wealth... People, like Bill Gates ( Seattle ) and Phil Knight ( Portland ) municipalities Lanaken... Our site, we earn an affiliate commission of $ 250,000 some notable who! Analytics, and William Shakespeare and i would earn every year Scott Turow Capital.... Enclave is just outside of Houston founder, Jan Koum, paid $ 57 million for place., business titans who have called Los Altos Hills home include former Major League Baseball player Barry Bonds and entrepreneur... Critic Gene Siskel, and villages were all considered, like Bill Gates ( Seattle ) and Knight. Only rich suburb to receive bailouts from American taxpayers from lower-income areas be subsidizing the of! Missouris Cuba and Ohios East Cleveland of this area are just Off the charts out of touch reality... Or LuLuLemon 2005 in Atherton, California, some people may think Beverly Hills or Sunnyvale States in! To read, even non-subscribers north of downtown go if you earn about $ 95,000 a,! Maybe there 's a lot of old money here, the fictional president of the largest, Fremont,....