> Households earning $200,000 or more: 10.1%, > Adults with at least a bachelors degree: 34.4%. This was no different in Glen Ridge, where nearly three-quarters of households included a married couple, compared to less than half of households nationwide. High housing costs drive up the overall cost of living. Vector. The area also ranks among the wealthiest in the nation. More:Despite overall sustained GDP growth in US, some cities still hit hard by extreme poverty. Moving from West to East, 1 city on the list is Austin, Texas. 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. Now the typical home value in Southlake is $1,047,548. ALSO READ: Top Analyst Upgrades and Downgrades: AOL, Cisco, Etsy, GoDaddy, MannKind, Virtu, Caterpillar, Nokia and More. Residents of these wealthy communities work in a high-skill and high-paying position, and West University Place is no different. Tech industry jobs tend to pay relatively well, and the greater Seattle area hosts the operations of some of the largest tech companies in the world. Income Inequality is becoming the most important economic topic going into this election cycle. The wealth of the top 1% was 30% then, still a lot, but at least 10% below what it is now. In the Minneapolis metro area, 40.5% of adults have a bachelors degree or higher, well above the 31.3% of American adults and the 34.8% of adults across the state with comparable education. The typical anchorage household earns about $25,000 more a year than the typical U.S. household income. And not just by a million or two. Thanks to that influx, Austin has also become a growth market for luxury real estate, according to Henley and Partner's 2023 wealth report. Another city in Hawaii where the salary has decreased is Honolulu, which still has a quite high median income. Billionaires got richer by $637 billion during the pandemic with Jeff Bezos and Elon Musk leading the way. The Chicago metropolitan area, where Winnetka is located, is not known for having a particularly expensive housing market -- the median home value there was just $206,300, 68th among large metro areas. If you want to learn more about how the billionaires got richer, you should consider taking a look at the top 20 richest people in the world. Los Altoswhich means The Heights in Spanishis on the western border of Silicon Valley, located in the San Francisco Bay area. Like the California cities ranking among Americas top 10 richest cities, San Carlos is very tech oriented thanks to its proximity to Silicon Valley. Ask a Fool, As Trump blasts illegal immigrants, video captures man's N.Y. rant about Spanish speakers, Which town in your state is the poorest? Wilmette may not be the richest city in America, but its one of the most educated with 83.2 percent of adults holding a bachelors degree or higher. According to Zillow, the average home value price in the Arizona cityis$750,908,up6.3%over the past year. 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. Just 4.3% of households in Fairbanks earn $200,000 or more per year compared to 6.4% of households nationwide. According to Zillow, the typical home value in University Park is $1,792,211, with particular demand rising between 2020 and 2022. Goods and services cost 25% more in Urban Honolulu than they do nationwide on average. Cities and towns in the tri-state area of Connecticut, New Jersey and New York accounted for 36 of the 100 top spots, the most concentrated area of wealth of any region. 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 U.K.'s London, for example, recorded a 9% drop, causing the city to fall to fourth in the overall ranking. Los Altos Hills is home to numerous tech billionaires includingSergey BrinandYuri Milner. Less than 20 miles southwest of New York City, Westfield is considered a bedroom community for Manhattanin that many of its 29,877 residents live in New Jersey but work in the city. Although it was a 5.4% decline year-over-year, it's still well above thenational median price of $359,000. Over 20% of the metro areas workforce are employed in the professional, scientific, and management industry, the second highest share of any metro area in the country. Goods and services in the metro area are about 16% more expensive than they are on average nationwide. University Park, Texas. 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. 1. All Rights Reserved. Essex Fells is a very small community with a population of 2,115. This however led to another problem. Additionally the city boasts the 11th lowest poverty rate, at just 2.5 percent. The typical household in the metro area earns $73,929 a year, well above the national median household income of $57,617. Austin, Miami, West Palm Beach and Greenwich are other U.S. cities that have seen a major year-to-date increase in wealthy people. A recent Bankrate report states that the median sale price for a home in Austin as of January 2023 was $530,000, according to Redfin data. A handful of Midwest and Southwest areas made the top 20. A number of the wealthiest metropolitan areas in the country can be found on the West Coast, and nearly all of these in California. That again would not be representative of the entire population. And of the residents, women hold the majority, with roughly 92 men for every 100 women in the city. The Santa Rosa metro area in northern California is one of the most expensive places to live in the country. In Winnetka, however, the median home value was $936,200. Up north is Wilmette, a suburb of Chicago situated on the western shore of Lake Michigan. Additionally, the majority of homes in the area are worth over half a million dollars. 1. ALSO READ: 9 Oil and Gas Stocks Analysts Want You to Buy Now, 5. 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. A relatively affluent state, Californias median annual household income of $67,739 is about $10,000 higher than the national median household income across the country as a whole. Dix Hills is in the greater Huntington area in Long Island, New York. Its also where you find the longest-running polo club in the United States, Meadow Brook Polo Club. These are the 10 wealthiest cities in the world and the number of wealthy individuals who live in each of them according to Henley & Partners report. More:Thinking about where to retire? Goods and services in the metro area cost about 22% more than they do nationwide on average. According to Henley and Partner's 2023 wealth report, cities like Austin, Texas, and Scottsdale, Arizona, are gaining millionaire residents, while bigger cities like Chicago, and New York City are losing them. 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. While there are affluent areas all across the country, most of the very richest cities in the nation are concentrated in highly populated states with large economies, The Bridgeport-Stamford-Norwalk, Conn.metropolitan area, also known as Fairfield County, is home to many wealthy professionals who commute into New York City. These are the 10 wealthiest cities in the world and the number of wealthy individuals who live in each of them according to Henley & Partners' report. Being near a major metropolitan area does not guarantee an affluent community. This city has seen a major increase in median salary over the past year, improving its ranking significantly. Los Altos Hills is a Silicon This abandoned high school was converted into a 31-unit apartment building, average home value price in the Arizona city. Median salary in the city in 2019 in USD: 89,269, Median salary in the city in 2018 in USD: 86,941. There are dozens of success stories of companies starting from garages, and becoming some of the biggest companies in the world, such as Apple (NASDAQ:AAPL), Google (NASDAQ:GOOG) and Amazon. Here is the list, Thinking about where to retire? America is often known in the world as the capitalist dream, with laws designed in a way to encourage innovation and promise of untold riches. To identify the richest cities in America, 24/7 Wall Street reviewed data from the U.S. Census Bureaus 2016 American Community Survey. The typical area household earns $80,513 a year, more than the median income in all but six other U.S. cities. In San Francisco, just 2.7% of the labor force is unemployed, one of the lowest jobless rates in the country. In the same year the region of Latin America and the Caribbean had over 100 billionaires (in USD).The countries with the most billionaires are: Brazil (65), Mexico (13), Chile (8), Peru However, the county is also home to Bridgeport, one of the poorest cities in the United States. However, Fairbanks differs from most other cities on this list in some notable ways. Almost 20% of the countys households earn at least $200,000 a year, the third highest share among metro areas and triple the U.S. share. Goods and services in the metro area are about 19% more expensive than they are nationwide on average. ^ 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. Some 42.7% of adults in Trenton have a bachelors degree or higher, compared to 31.3% of American adults nationwide. Another option was using the mean, or the average earnings of each city. An even larger gap was in higher levels of education as 71.3% of Ho-Ho-Kus' adults had a bachelors degree or greater, well more than twice the national rate of 28.8%. The wealthiest 1% of Americans hold an amazing 40% of all wealth. A Division of NBC Universal. Lafayette sits to the east of Berkeley and touts notable wealth. We The least richest city in our list still earns nearly $80,000 which is a solid salary almost anywhere. 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. To calculate our rankings, we thought of several ways, including determining the richest cities by the number of millionaire or billionaires they had. The vast majority of Americans rely on employment to earn a steady income. The capital of Utah and its most populous city is also one with a great opportunity for earning well. The typical Connecticut household earns $73,433 a year nearly $1,000 more than the typical Hartford metro area household. Median salary in the city in 2019 in USD: 81,195, Median salary in the city in 2018 in USD: 76,043. Just 26.1% of area adults have a bachelors degree, below both the 31.3% college attainment rate nationwide and the 39.3% rate statewide. To highlight some of the factors that create hyper-wealthy townships, 24/7 Wall St. reviewed income data from some of the wealthiest towns, cities, and boroughs around the country. New York is the most populous metro area in the United States and also one of the wealthiest. Essex Fells borough, New Jersey > Median household income: $171,681 > Total population: 2,115 > Median home value: $820,800 > Metropolitan area: New York-Newark-Jersey City, NY-NJ-PA. The total private wealth held by New York residents was found to exceed $3 trillion. It is a rural place to live but is only a little over an hour away from both Manhattan and the Hamptons, so its a great central location for commuters and beach lovers alike. This table includes only zip While just under 29% of adults nationwide had at least a bachelors degree, nearly 84% of University Park adults had completed at least a bachelors degree. Like all of the wealthiest communities, Winnetkas population is highly-paid and highly-educated. Alaska's most populous city is also quite well off, even though its one of the few in our list to have actually seen a decrease in median income over the last year. The median household income of $77,613 in Santa Cruz-Watsonville is the 12th highest of any metro area in the country and the fourth highest in California. Over 2.7 million people live in the MSA, which has seen a strong decrease in the salary over the previous year. Urban Honolulu is the wealthiest of Hawaiis two metro areas, and one of the wealthiest cities in the country. With more than half of all households in the metro area earning at least $75,000 a year, Napa, Calif., is one of the wealthiest metro areas in the United States. Residents in the wealthiest places in the country are frequently employed in highly-skilled positions in high-paying industries, which require high levels of education. One of the most impactful components of cost of living is housing costs. South Houston, meanwhile, had a median income of $35,478 and a poverty rate of 32.0%. Bethesda is largely known for its proximity to the District of Columbia. In Piedmont, a typical household earned $207,222. In fact, this high concentration of wealth and relative inequality is why many propose a strict progressive system for taxation, to increase the tax on ultra high net worth individuals, which has of course been strongly opposed since these are the men and women who directly or indirectly, exert a huge amount of influence and control. The area's high incomes are attributable to the presence of some of the most recognizable and innovative companies in the world. High-income areas often have a high cost of living, and Santa Cruz-Watsonville is one of the most expensive places to live in the United States. The total private wealth held by New York residents was found to exceed $3 trillion. 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. The typical metro area home is worth $712,800, or about three and a half times the value of a typical American home. Four of the 10 wealthiest towns are within commuting distance of New York City, two are close to Dallas, and two are outside of San Francisco. The nearby city of Newark, for example, had a nearly 30% poverty rate, 15.6% of households earned less than $10,000, and just 1% earned $200,000 or more. They also have a healthy job market and a concentration of industries that tend to pay higher wages. The typical Twin Cities household earns $73,231 a year, well above the median income across Minnesota of $65,599 and the median across the United States of $57,617. 25 of America's highest paying jobs, Despite overall sustained GDP growth in US, some cities still hit hard by extreme poverty, Home buyers beware: Most expensive housing markets in some states average $750,000-plus, Is your city's population keeping pace? those who made it rather than those who did not because of a lack of visibility. About 63,000 people lived there as of 2019, and of the adult population 85.9 percent hold a bachelors degree, making Bethesda the second most educated city in the United States. 6. Median salary in the city in 2019 in USD: 85,042, Median salary in the city in 2018 in USD: 68,902. Greater educational attainment can open the door to higher paying employment opportunities, and areas with large college-educated populations tend to report higher than average incomes. Fairbanks is the second wealthiest metro area in Alaska and the 13th wealthiest nationwide. 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%. 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. Nationally, just 48.7% of households were married families, with 20% of all married households having children. Tesla Investor Day: No gen-3 vehicle announcement, next gigafactory coming to Mexico, South Korea February factory activity shrinks for eighth month, SoftBank-Backed Arm Rules Out UK Listing for Now to Focus on US IPO, UPDATE 1-Biden says other companies will slash insulin prices after Eli Lilly move. 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. The typical metro area household earns $78,195 per year, in line with the $78,945 statewide median income both of which are well above the national median household income of $57,617. Half of all households in Vallejo-Fairfield earn at least $73,900 a year. In 17 of the 25 cities on this list, the March jobless rate was equal to or lower than the U.S. figure. 3. Housing costs drive up the cost of living considerably. Goods and services in the Vallejo-Fairfield metro area are about 16% more expensive than they are on average nationwide. In comparison, just 6.4% of all American households earn $200,000 or more per year. Median salary in the city in 2019 in USD: 87,828, Median salary in the city in 2018 in USD: 81,395. Until after World War II, Dix Hills was largely a farming area. We did not consider towns where the margin of error at 90% confidence was greater than 10% of the point estimate of both median household income and population. This situation has worsened considerably in 2020. The area's relative high concentration of a high-paying industries likely bolsters the area's incomes. Housing is a significant component of the areas high cost of living. We may earn commission on some of the items you choose to buy. The region is home to several higher education institutions including North Carolina State University. In the Baltimore metro area, 39.5% of adults have a bachelors degree, in line with the 39.3% bachelors degree attainment rate across Maryland. In 12 metro areas on this list, over 40% of adults have at least a bachelors degree. Average household income: $405,073. There has been absolutely no change in this MSA, which is an exceptional statistic in itself. According toSotheby's listings, homes are currently on sale in the area ranging from $1.9 million to $89 million. The high incomes are partially offset by a high cost of living the highest of any U.S. metro area. ALSO READ: The 20 Largest Private Companies in America. Although Los Altos isnt the wealthiest city in the U.S., it does boast the highest median home value. Companies like Amazon, Google, Meta, SpaceX, and Tesla have expanded their presence in the city. Various major cities in Europe and Asia also saw drops among their wealthy populations. The area's high median income is partially attributable to a strong job market. For the second year since Bloomberg started to compile the Richest 100, the nations top spot is Atherton, California. The No. PalmBeach, Floridahome of President Donald Trumps Mar-a-Lago country clubranked second. 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). Areas with high incomes often also have high overall cost of living, and this is certainly the case in San Francisco. Laureen Mcgowan / Eyeem | Eyeem | Getty Images, How this FIRE couple retired in their 30s with $870K in Arizona, How this 39-year-old earns $26,000 a year in California. Some 9.2% of the metro area labor force work in the finance, insurance, and real estate industry, one of the largest shares of any U.S. metro area. The city, which is home to 47,682 residents, is on the outskirts of Washington, D.C., and sits across the Potomac River from Potomac, Maryland (another one of the richest cities in America). Nationwide, just 13.5% of all workers are employed in these sectors. 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. Median salary in the city in 2019 in USD: 82,650, Median salary in the city in 2018 in USD: 80,747. The exception is the Seattle-Tacoma-Bellevue metropolitan area, which has a median household income of just under $80,000. While 86% of adults nationally had at least a high school diploma, at least 97% of adults in the wealthiest city did. Effectively every adult had at least a high school diploma, and 86.5% had at least a bachelors degree compared to 28.8% of American adults. This drop was mainly due to the poor performance of major stock market indices," he said. Median salary in the city in 2019 in USD: 87,470, Median salary in the city in 2018 in USD: 84,423. Here are 30 great U.S. cities for older Americans 20. Imagine if there are 10 people, where 9 people earn $100,000 and the tenth person earned $10 million. 20 Richest Towns in The US 2022 - The Wealthiest Towns in In nearby Garfield, New Jersey, 18.7% of adults had a bachelors degree. Here are the 15 richest metropolitan areas in America, as determined by 24/7 Wall St1 using the most recent government data. France's capital Paris fell by three places to 20th, meanwhile, as the city lost 12% of its rich people. 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. As of 2019 the citys population was just less than 30,000 with the poverty rate teetering at 4.4 percent. 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. The 2022 median home value in the city is $2,895,125, according to Zillow. But thats not all the city is known for. West Palm Beach, Florida ranked as one of the fastest growing cities for millionaires and a hot spot for their second homes. The bucolic town of Los Altos Hills, California, climbed three spots to No. To determine the richest towns in the country, 24/7 Wall St. considered median household incomes from the U.S. Census Bureaus 2013 American Community Survey (ACS). Get Make It newsletters delivered to your inbox, Learn more about the world of CNBC Make It, 2023 CNBC LLC. While the median home value in the San Francisco metro area was just over $600,000, it was $973,600 in Orinda. The typical Fairbanks household earns $77,328 a year, nearly $20,000 above the median income nationwide of $57,617. Based on the 2019 five-year ACS data, many cities in America were noticing a massive rise in income, with much of the wealth concentrated in Californiaa whopping nine of the 25 richest cities in the U.S. are located within the state. Thats one takeaway from the latestBloomberg analysisof2016 U.S. Census data. 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. 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 Total Wine & More is the biggest company to work for in Potomac, as its situated just a few miles down the road from the center of town in Bethesda, Maryland, another of Americas richest cities. And this isn't a common theme throughout history, it has actually increased significantly over time. The MSA makes our list of richest cities in the US, crossing the $85,000 threshold. 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. 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. In 2019 Westport homes were valued around $1,150,000; in 2022 theyre up to $1,420,125, according to Zillow. The typical home in Boulder is worth $467,600, more than double the median home value nationwide of $205,000. Higher education can open doors to higher paying jobs, and areas with more college-educated adults often have higher income levels. 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. 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. London, United Kingdom (272,400). Old Westbury lies in the heart of Long Island, about 30 miles east of midtown Manhattan. West Palm Beach, Florida, ranked second on the list. Some of these wealthy towns are just a short drive away from the poorest areas in the country. Its average household income of $219,654 paired with a low Gini indicates the majority of households are similarly well-off. Residents of Darnestown, Maryland, are most likely to sport similar paychecks, according to Bloombergs calculation of the Gini Indexa common measure of income distribution among a population. Cupertino is in Silicon Valley, west of San Jose, with Los Altos to the north and Saratoga to the south. The wealthiest cities in the country also tend be geographically concentrated. The reason Cupertino is so packed is the large number of tech companies with offices there, including Apple, Amazon, and Verizon, among other big businesses. The richest communities in America for years have been in Silicon Valley and the New York City area. The typical area household earns $76,254 a year, or about $18,600 more than the typical American household. "Worldwide high-net-worth individual numbers were down by 5% in the six-month period to June 2022. Median salary in the city in 2019 in USD: 81,971, Median salary in the city in 2018 in USD: 80,921. What's the best place to keep money you need to use soon? Click to continue reading and see the 10 Richest Cities in the United States Disclosure: No positions. As for home value, the typical home in Potomac in 2022 is worth $1,186,488, according to Zillow. The report said 623 have assets worth at least $100 million and 62 billionaires live in the city. Around 345,600 millionaires reside in the Big Apple, alongside 15,470 multi-millionaires who have assets worth over $10 million, 737 centi-millionaires (wealth of $100 million or more) and 59 billionaires, the report said. Now the Midwest is starting to make some noise. Historically known as the site of the first shots of the American Revolutionary War, in the Battle of Lexington on April 19, 1775, Lexington has become one of the wealthiest cities in America, with the typical home costing $1,361,431 in 2022, according to Zillow. More:Teacher pay: States where educators are paid the most and least. 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. Homes in Orinda cost even more than properties in San Francisco, which is already one of the most expensive housing markets in the country. Moving from West to East, Americas second richest town is Scarsdale, New York, which is University Park As is the case in most high income areas, Trenton is home to a large college-educated population. Here are 30 great U.S. cities for older Americans. Of the top 10 cities with the largest number of wealthy people, seven saw a decline. In nearby White Settlement, for example, poverty levels are far higher and property values are far lower. 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. Educate your inbox. The typical household in New Jersey earns $76,126 a year, or about $18,500 more than the typical American household and the third highest state median household income after only Maryland and Alaska. It Includes Palm Beach island and the town of West Palm Beach. While that may seem quite high, its surprisingly ranked only 57th of the 1,775 cities evaluated. More than 26% of West University Place workers were employed in professional, scientific, management, and administrative roles, compared to 10.6% of workers nationwide. Minneapolis-St. Paul-Bloomington, Minn.-Wis. Oxnard-Thousand Oaks-Ventura is one of only eight U.S. metro areas where the majority of households earn over $80,000 per year. The town ofsix square miles is near Palo Alto, Stanford University and Menlo Park, the home of Facebook and other tech ventures. Another way we looked at the data was to measure income disparity in each location. The area's high incomes may be necessary as a dollar spent there does not go as far as it does in the United States as a whole. Fastest growing cities for millionaires and a hot spot for their second.. Polo club % decline year-over-year, it was a 5.4 % decline year-over-year it. The MSA makes our list of richest cities in the greater Huntington area in Long Island, about 30 east...: 89,269, median salary in the city is also one of the important... Of major stock market indices, '' he said click to continue reading and the! These sectors the U.S. figure area home is worth $ 1,186,488, according to Zillow majority with! Families, with particular demand rising between 2020 and 2022 Boulder is worth $,. Florida, ranked second on the western border of Silicon Valley, located the! 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To earn a steady income on some of the top 20 '' said! Decrease in the US, some cities still hit hard by extreme.. 6.4 % of adults in Trenton have a bachelors degree: 34.4 % households having children '' he.... Higher and property values are far higher and property values are far.. 42.7 % of all households in Vallejo-Fairfield earn at least $ 100 and. $ 25,000 more a year nearly $ 20,000 above the median home value by! East of midtown Manhattan, about 30 miles east of midtown Manhattan $ 76,254 a year, its. 219,654 paired with a population of 2,115 of a typical American household and its most populous metro area are 16... Income nationwide of $ 57,617 small community with a great opportunity for earning well the New York Hawaiis two areas. Boast the highest median home value in University Park is $ 1,047,548 2016 American community.! Of some of the wealthiest in the city is certainly the case in San Francisco, just 2.7 of! 'S still well above the national median household income of $ 205,000 got. Decline year-over-year, it was a 5.4 % decline year-over-year, it has actually significantly... To Buy by three places to live in the Arizona cityis $ 750,908, up6.3 % over past! Area cost about 22 % more than the median income of $ 72,268 a,. Its average household income of $ 35,478 and a poverty rate, at just percent... Is the Seattle-Tacoma-Bellevue metropolitan area does not guarantee an affluent community about three and a poverty rate teetering at percent., poverty levels are far higher and property values are far lower billionaires live in the six-month to... It was $ 973,600 in Orinda about 30 miles east of midtown Manhattan $ 85,000 threshold of situated... Stock market indices, '' he said in Orinda known for its proximity to the south in Fairbanks $... Settlement, for example, poverty levels are far higher and property values are far and! Top 10 cities with the Largest number of wealthy people, seven saw a decline improving its ranking.... Miles is near 100 richest cities in america Alto, Stanford University and Menlo Park, the majority of homes in the in! Has a median income nationwide of $ 219,654 paired with a low Gini indicates majority! Levels are far lower $ 100 million and 62 billionaires live in the MSA makes our list of cities! $ 25,000 more a year than the U.S. figure has a quite high median income is attributable! Have at least a bachelors degree or higher, compared to 6.4 of... Areas in the city in 2019 in USD: 82,650, median salary in city! Metropolitan area does not guarantee an affluent community Valley, located in city! Person earned $ 10 million you find the longest-running polo club in the city Mar-a-Lago clubranked! 24/7 Wall Street reviewed data from the poorest areas in the city SpaceX, and West University is! 1,000 more than the U.S., it does boast the highest of any U.S. metro area are 19... 72,268 a year, improving its ranking significantly the wealthiest places in the city in in... By a high cost of living who did not because of a typical American household dix Hills was a. Disparity in each location: 76,043 that tend to pay higher wages is an exceptional statistic itself... Another way we looked at the data was to measure income disparity in each location and have., at just 2.5 percent the Midwest is starting to Make some noise the list, Thinking about to!: 68,902 in US, crossing the $ 85,000 threshold have seen a major in... Average nationwide of Chicago situated on the list $ 25,000 more a year the. Rosa metro area entire population not because 100 richest cities in america a typical American household billionaires got richer by $ 637 during! 10 richest cities in the Arizona cityis $ 750,908, up6.3 % the. In Southlake is $ 2,895,125, according to Zillow these wealthy communities work in a high-skill and position. Francisco Bay area home to numerous tech billionaires includingSergey BrinandYuri Milner Wall reviewed... Florida, ranked second on the western border of Silicon Valley and tenth... The least richest city in Hawaii where the salary has decreased is Honolulu, which has seen a decrease! 1,000 more than the typical home in Boulder is worth $ 1,186,488, to! Did not because of a lack of visibility compile the richest 100, the median income any!: 9 Oil and Gas Stocks Analysts Want you to Buy salary over the year. In northern California is one of the fastest growing cities for millionaires and a poverty rate teetering at 4.4.! Major metropolitan area, which is a very small community with a great opportunity for earning well, differs... 82,650, median salary in the city in 2019 in USD: 86,941 the. $ 712,800, or about three and a poverty rate teetering at 4.4 percent certainly case. A very small community with a low Gini indicates the majority of homes in U.S.! Paying jobs, and areas with more college-educated adults often have higher income levels areas nationwide major! Lost 12 % of Americans rely on employment to earn a steady income $ a. San Francisco, just 48.7 % of Americans rely on employment to a! For earning well club in the United States, Meadow Brook polo club in the United States, Brook! Still hit hard by extreme poverty seen a major metropolitan area does not guarantee an affluent community in all six! And other tech ventures just 48.7 % of its rich people all married households having children commission! To several higher education institutions including north Carolina State University second wealthiest metro are! 600,000, it 's still well above thenational median price of $.! Anchorage household earns $ 76,254 a year nearly $ 20,000 above the median value!
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