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. According to a recent study, if you earn about $95,000 a year, you're optimally happy. 5). It's also the hometown of Claire Underwood, the fictional president of the United States in "House of Cards.". A common theme among these poor cities is de-industrialization. It's known for drawing wealthy Wall Street types. Notable residents include CEOs, actors, pro sports players, and authors. The overwhelming majority of those who make it onto "richest people" listsin all 50 states or the worldare men.. The tony town sits on Long Island Sound and was known as Sound Beach in the 19th century. 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. Probably. The national median household income reached $69,021, according to the U.S. Census Bureau December release of the 2021 American Community Survey five-year estimates. We only included census place geographies that have populations of at least 25,000. The truth is a complete 180 turn, with wealth inequality in the US being incredibly high. Extreme wealth tends to be much more common in the richest states in the country. This Westchester County, New York, town was first developed in the 18th century. It is 25 miles from the city. Winnetka, IL (income: $353,700/ bailout: $6.1 million) Located next to Glencoe, the village is home to many notable persons. West University Place is a suburb of Houston, just southwest of downtown. But in fact, it's the jam-packed east bay city of Fremont that's the wealthiest in all of the Golden State. Doctors, lawyers, business owners and entrepreneurs. 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. 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. Of course, not all of Americas wealth is centered on the West and East coasts. The economy and markets are "under surveillance". This is our ninth time ranking the. Looking at the poorest cities in the U.S., there are certainly some geographic patterns that emerge. 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. Here's the top 34 1. 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. Revealed: Countries With The Fastest Internet Speeds, 2020, Why Acting Like An Entrepreneur May Be Killing Your Business, Best Universities For Doctor of Business Administration (DBA), 2022, Worlds Best Hospitality & Hotel Management Schools, 2022, Antigua and Barbuda Citizenship by Investment Program (CIP), St. Lucia CIP: Saint Lucia Citizenship By Investment Program, Vanuatu CIP: Vanuatu Citizenship By Investment Program, Montenegro Citizenship By Investment Program (CIP), Moldova CIP: Moldova Citizenship By Investment Program, Turkey CIP: Turkey Citizenship By Investment Program, These are the worlds trendiest countries, 2023, Living in the Countryside? Chappaqua Daily Voice serves Chappaqua, NY. The 34 towns on this list can be found in just 11 states. Per the most recent ACS data, the richest city in America is Cary, NC.You can check out how NC ranked overall in our richest states in America. A Division of NBC Universal, A home stands in Atherton, California, U.S., on Tuesday, Feb. 18, 2020. 24/7 Wall Street is a USA TODAY content partner offering financial news and commentary. To even make the top 100, towns need an average household income of more than $220,000. It's safe, friendly, and there are great schools. Travilah, Maryland. This southern Westchester County, New York, town is just 15 miles from Midtown Manhattan, which means its residents have easy access to the city and all the trappings of wealthy small-town lifecharming residential architecture, a walkable town center, and great public schools. 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 cities we're about to mention are pretty wealthy, overall. Top editors give you the stories you want delivered right to your inbox each weekday. The HomeSnacks money train takes its next stop in Olathe, Kansas. After the analysis was over, we crowned Cary as the richest city in America for 2022. Glencoe, just north of Winnetka, is another Chicago suburb situated on Lake Michigan. Just about everyone in Kansas knows these people are loaded. This Fairfield County, Connecticut, town lives up to its name: It was founded in 1641. Should the American taxpayers from lower-income areas be subsidizing the lifestyles of the rich and famous? Beyonc and Jay-Z purchased a home in Scarsdale. 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. Its content is produced independently of USA TODAY. 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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. Higher levels of education are correlated with higher incomes, and Americas 50 richest cities have significantly more educated populations than the population nationwide. We excluded towns for which the margin of error at 90% confidence was greater than 10% of either the median household income or the population. 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Moving from West to East, Americas second richest town is Scarsdale, New York, which is just 35 minutes outside of New York City. You could easily drive through this leafy Silicon Valley suburb without realizing you were in Americas richest neighborhood. Now, the median home value in the once entirely agricultural Village of Indian Hill is just over $1.3 million, according to Zillow. Is everyone in these places loaded? All these cities have at least 1,000 households. You just have to measure how much money people make, and who has the best jobs in every city. If youre ready to be matched with local advisors that can help you achieve your financial goals, get started now. Cary is just a perfect little slice of heaven outside of Raleigh. It takes Google Maps to get a glimpse of what lies behind. For the fourth straight year, Atherton toppedBloomberg'sRichestPlaces annual index. Atherton isnt the only rich suburb to receive bailouts from American taxpayers. Some cities have some obvious billionaires that come to mind. That would be the people in Pearland, Texas. Some small towns and suburbs are home to high amounts of concentrated wealth. 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. 2015-2023 Chasing Chains, LLC. Antigua and Barbuda Citizenship by Investment Program (CIP), St. Lucia CIP: Saint Lucia Citizenship By Investment Program, Vanuatu CIP: Vanuatu Citizenship By Investment Program, Montenegro Citizenship By Investment Program (CIP), Moldova CIP: Moldova Citizenship By Investment Program, Turkey CIP: Turkey Citizenship By Investment Program, Portugal Golden Visa Program. The New York suburb has been home to several American celebrities, including Bruce Springsteen. 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. But hey -- you could spend your days counting your money, right? Editor's Note: We updated this article for 2022. ^ 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. The median home value in this San Matteo County, California, town is a staggering $7,795,239, according to Zillow. The U.S. Census Bureau tracks median household income up to $250,000. Today, its largest beach, Tods Point, is public property. Would you have guessed Detroit, Cleveland and Hartford, Connecticut? Youll recognize some of the top people, like Bill Gates (Seattle) and Phil Knight If Scrooge McDuck was real, he'd probably have a home here, don't you think? Its content is produced independently of USA TODAY. 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. 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. (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. Although Atherton, which sits between San Jose and San Francisco, is best known for its tech billionaire residents such as Sheryl Sandberg, Eric Schmidt, and Meg Whitman, the former CEO of Hewlett-Packard, a slew of other notable residents have also called the Silicon Valley town home, including actress Shirley Temple, investment firm CEO Charles Schwab, Major League Baseball Hall of Famer Willie Mays and Ty Cobb, and Fleetwood Macs Lindsey Buckingham. Not surprisingly, many of the richest cities are wealthy suburbs of major cities, such as Winnetka, Illinois, a suburb of Chicago and home to the iconic house in Home Alone. Some rich cities are the suburbs of more than one city, such as Atherton, California, which stands between two insanely-expensive cities, San Francisco and San Jose. There are seven cities in which the median household income is in excess of $250,000. Surprised by that? Many of the streets are named after authors, such as Geoffrey Chaucer, John Dryden, and William Shakespeare. The Midwest is also home to some of the lowest incomes, such as Michigans Highland Park, Missouris Cuba and Ohios East Cleveland. Any more than that, and you're not. Who are the 7th richest people in the entire country? Larchmont is a coast-hugging town in well-known Westchester County. 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. 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 When she's not writing, she can be found out and about with her Jack-Chi, Cash, sweating her way through an Orangetheory class, or taking it easy with family and friends, .css-1grzdcz{display:block;font-family:AvenirBold,Helvetica,Arial,Sans-serif;font-weight:bold;margin-bottom:0;margin-top:0;-webkit-text-decoration:none;text-decoration:none;}@media (any-hover: hover){.css-1grzdcz:hover{color:link-hover;}}@media(max-width: 48rem){.css-1grzdcz{font-size:1.18581rem;line-height:1.2;margin-bottom:0.625rem;}}@media(min-width: 40.625rem){.css-1grzdcz{line-height:1.2;}}@media(min-width: 48rem){.css-1grzdcz{font-size:1.23488rem;line-height:1.3;margin-bottom:0rem;}}@media(min-width: 64rem){.css-1grzdcz{font-size:1.18581rem;line-height:1.3;margin-bottom:-0.5rem;}}9 Beautiful Tables from the 2023 Orchid Dinner, Yoko Ono Is Moving to a Farm in Upstate New York, 6 Auction Etiquette Tips Everyone Should Know, Inside the Mansion from Netflix's Outer Banks, Queen Elizabeth Inspired Kate's Opera Gloves, Kate Middleton's Most Iconic Jewelry Moments, Queen Consort Camilla Has Selected Her Crown. Does being rich make you a happier person? Most of the neighborhoods featured on the list are ritzy suburbs of major cities. Is it snobby here? They have to be doing something right in here. #4. Long work hours means more stress and less family time. HomeSnacks is reader-supported. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. 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. Atherton isnt the only town touting notable wealth, though. But this comes at a cost. In terms of the locations themselves, London, New York, and San Welcome to Bellevue, Washington, our 6th most richest city in America. Each has an average household income of over $400,000. Madeline Albright and Condoleezza Rice graduated from its private schools. SmartAssets free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. That would be Frisco, Texas -- a little nook just outside of Dallas. Hillsborough, CA (income: $430,681/ bailout: $5.7 million) With a median home price of $5.4 million, notable residents include Bing Crosby, Elon Musk, Jenny Craig, Jimmy Kimmel and Salote Mafileo Pilolevu Tuita, a Tongan princess. Well, that's probably because the students have better cars than their teachers. Below youll find a table including the richest cities in every U.S. state as of 2021. Atherton, California Average household income: $525,324 2. Households here vary between two-income homes when both parents have great jobs, or households where there's one primary earner in the top tier of their industry. Courtesy of City of West University Place, 9 Beautiful Tables from the 2023 Orchid Dinner, Your Privacy Choices: Opt Out of Sale/Targeted Ads. if(window.innerWidth<700){ezoicSiteSpeed(jQuery(document),String(/documentReady/).substring(1).slice(0,-1),String(/jQuery-document-dot-ready/).substring(1).slice(0,-1),function($){$("#skip_expand").html("(Expand+)");$("#toc ul").css("display","none");$("#skip_expand").on("click",function(){$("#toc ul").toggle()});$("#toc h3").on("click",function(){$("#toc ul").toggle()});});}. Immediately to the south, you've got Cupertino, home of Apple. Keep reading for a look at richest towns in the US. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[336,280],'homesnacks_com-medrectangle-3','ezslot_1',143,'0','0'])};__ez_fad_position('div-gpt-ad-homesnacks_com-medrectangle-3-0');The general assumption is going to be suburbs of major cities where people live in big homes, away from the grimy, packed downtown areas. 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