Indeed, former presidents Bill Clinton and Barack Obama have summered there, and Jacqueline Kennedy Onassis long maintained a home on the island. Advertisement - Continue Reading Below. The nearby world-class resorts of Vail and Beaver Creek draw big-spending skiers hoping to see and be seen all winter long. The poverty rate in Dalton Gardens is 3.6%, a fraction of Idaho's 13.8% poverty rate. Genesee is the most highly-educated small city or town in Colorado, as 79% of residents 25 and older hold at least a bachelor's degree. . Located along the Connecticut River bordering Vermont, this 50-square-mile town in the Upper Valley is home to Dartmouth College, the smallest of the eight Ivy League colleges. An 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. Elko's fortunes rise and fall with the price of gold, so one would hope that its millionaire population is properly diversified. More than 10% of Alaska residents live in poverty, yet the poverty rate in Gateway is just 4.2%. Here is the list of top 14 wealthiest towns in America as of March 2023 1. CEOWORLD magazine - Top Stories - C-Suite Lifestyle - RANKED: These Are The 50 Richest Towns To Live In The United States, 2020. The largest companies in the area include government tech contractor Booz Allen Hamilton, Inova Health System, and government-sponsored finance giant Freddie Mac. Known as the Garden Island, Kauai is one of the state's less developed locales. Upper Saddle River Borough in Bergen County - Median Income of $171,747. Hot springs, rafting, kayaking, fishing, hiking, mountain biking and golf, among many other activities, make Glenwood Springs a year-round destination. It's a small area with a small population but a large percentage of highly educated and highly trained engineers and scientists. 1 Boca Grande. The Wealth Report is Knight Frank's flagship annual publication, offering a unique perspective on global wealth, prime property and investment. Of all area residents 25 and older, 70.6% have a bachelor's degree or higher compared to 28.6% of adults across the state as a whole. The typical Spring Creek home is worth $225,400, less than the $242,400 state median home value. In Avondale Estates, 74.8% of adults have at least a bachelor's degree, the largest share of any city in Georgia and more than twice the state college attainment rate of 30.7%. Long work hours means more stress and less family time. The net impact of accounting for differences in the purchasing power of a dollar in . According to Niche, the national percentage is 20%. As of 2020, Jim Walton's net worth is $44.6 billion, placing him at 11th on this list of the richest people in America. Median household income: $88,199 (state: $63,296), Poverty rate: 5.3% (state: 13.1%), Median home value: $251,300 (state: $249,800). For year-round activities, the Heber Valley features five 18-hole championship golf courses, three state parks and a historic tourism railroad. One of the main reasons for this is likely a high level of education. Then oil prices collapsed in 2014 and some folks even started pulling up stakes. Microsoft co-founder Paul Allen's estate sold for over $35 million in 2020. The typical home in Papillion is worth $180,700, far more than the $151,100 median home value in neighboring Omaha and the $147,800 state median. Fairfield County towns have made yet another list of the richest places in the U.S. In the last five years, the number of people living there jumped by 33.9%. Burlington, the largest city in the state, sits less than 10 miles west of Essex Junction. ETFs The typical home in University Park is worth $1.2 million, compared to the median home value of $161,700 statewide. But the state has a 4.95% flat income tax system, property taxes are low and sales taxes are average. Posted Mon, Feb 24, 2020 at 12:35 pm ET. More than 8,000 people call Upper Saddle River in Bergen County home. Most homes in Pinecrest are worth over $900,000, while most Florida homes are worth less than $200,000. Although gold mining is no longer much of a growth area, pulling the yellow metal from the ground does remain a productive endeavor. Dallas. It also can get a bit crowded. 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. Chevy Chase Village, MD (pop. In this article we take a look at the 30 richest cities in the United States. Realtor. The Kapaa micropolitan area includes the entirety of Kauai, Hawaii's fourth-largest island. Most households in the town earn more than $150,000 annually, and more than one-third earn over $200,000. By Dan Burrows 18 Stocks Warren Buffett Is Selling (And 6 He's Buying). 9. Cashing in on George Floyd: T-shirts, pillows, running shoes and even underwear are being sold, Median household income: $151,055 (state: $48,486), Median home value: $441,000 (state: $137,200). America's 100 Richest Places. This is followed by Los Angeles with 52 billionaires, and San Francisco and Chicago, who each have 44 billionaires. Complete list click for interactive table. With roots dating back to the early 1800s, Travilah is home to a large number of historic homes with large tracts of land, and it has some of the most expensive houses in the country. The small city has grown in tandem with SMU and the larger Dallas metro area, increasing from a population of 4,200 in 1930 to 24,954 today. Looking to buy a car? Christian. The county seat of Loudoun is in Leesburg, where most administration activities take place. Here's how Big Daddy Unlimited's subscription services . Connecticut's median annual household of $76,106 is about $26,000 more than the median nationwide. The micro area even holds a charming Swiss-themed village. More than half of the 100 richest cities in the United States were in the New York City area or California. This is further evidenced by rapid population growth. Atherton is a small neighborhood of about 7,000 people and it is located in the heart of Silicon Valley. The three largest employers in Linn County, where Robins is located, are in the aerospace, insurance, and health care fields, all of which can pay relatively high salaries. As is typical among the cities and towns on this list, Essex Junction is within commuting distance of a larger urban area. Take Bloomberg's just-released 2020 list of the country's 100 richest places, which ranks towns by average household income based on U.S. Census data. The average household income of people in this town is calculated as $450,696. The typical Travilah home is worth $1.1 million, more than three times the $305,500 state median home value and more than five times the $204,900 national figure. Each has an average household income of over $400,000. The report based its . Median household income: $114,801 (state: $78,084), Poverty rate: 4.2% (state: 9.9%), Median home value: $629,800 (state: $587,700). In Los Alamos, most households earn over $100,000 a year. Thanks to its location on the Yampa river, Steamboat Springs is perfect for fishing, rafting, tubing and kayaking. Sponsored Content (opens in new tab) Previous Next 2/25 (Image credit: Getty Images) 24. And, hang in there until you're 100 and your income taxes are waived altogether. Dickinson's number and percentage of millionaire households declined year-over-year. Topsham is a Census-designated place of approximately 6,100 residents located about 25 miles north of Portland, Maine. Driving time: 6 hours, 14 minutes. A steep drop in oil prices first sparked pain across the Bakken about five years ago. By Dan Burrows Brandon is a small city in eastern South Dakota, just outside of Sioux Falls -- a city home to several major companies that offer high-paying employment opportunities. Median household income: $159,226 (state: $68,811), Poverty rate: 5.5% (state: 10.9%), Median home value: $694,900 (state: $313,600). Winnetka - $311,902. To put it another way, the purchasing power of a dollar compared to the U.S. average is $1.13 in Birmingham and $0.79 in San Jose. Arizona has one of the highest poverty rates of any U.S. state, at 16.1%, 2 percentage points higher than the U.S. rate. For the fourth straight year, Atherton topped Bloomberg's Richest Places annual index. A suburb of Detroit, Bloomfield Hills is located less than 30 miles from Hamtramck, the poorest community in the state where most households earn less than $26,000 a year. A long-time financial journalist, Dan is a veteran of SmartMoney, MarketWatch, CBS MoneyWatch, InvestorPlace and DailyFinance. ", 91 Top Dividend Stocks From Around the World. Estimates of millionaire households provided by Phoenix Marketing International. The median household income in Highland Lakes is more than triple the median income across Alabama as a whole. New Albany is a suburb of the Columbus metro area, located less than 15 miles northeast of the Ohio state capital. The typical Inverness household earns $180,541 a year, nearly three times the median household income of $63,575 across Illinois as a whole and the most of any small city or town in the state. More importantly, it makes Laconia a relatively easy drive from points farther south where millionaires maintain their primary residences. Median household income: $108,299 (state: $55,679), Median home value: $349,500 (state: $166,800). Cost of living: 21.1% above U.S. average. Real estate values in Winchester reflect the area's high incomes. Some 39% of adults have a bachelor's degree or higher, well above the comparable 23.7% share of adults across the state as a whole. 10. 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. Even in Brandon, the wealthiest place in the state, the typical household earns $74,172 annually -- which, while high in the context of Mississippi, is less than the median income in half a dozen states, including Alaska, Connecticut, and New Jersey. The Claremont-Lebanon micro area abuts Laconia and has plenty of its own attractions, as well. Groceries alone cost almost 40% more than the U.S. national average, according to the Council for Community and Economic Research's Cost of Living Index. The Mount Washington weather station, On the plus side, Massachusetts' reputation as a high-tax state is overblown (opens in new tab). The typical Winchester home is worth $893,700, more than double the median home value of $366,800 in Massachusetts. Incomes tend to rise with educational attainment, and in North Star, about two-thirds of adults have a bachelor's degree or higher, compared to fewer than one in every three adults across Delaware as a whole. People with higher educational attainment are more likely to hold higher-paying jobs. Only 4.5% of the community's families fall below the poverty line, and with a mean household income of $339,883, residents can boast of being some of the wealthiest in the entire state of Illinois. Jenks, Oklahoma, is located just south of Tulsa, so residents have access to the many high-paying jobs in the bigger city, in sectors like health care and aerospace engineering. Median household income: $106,285 (state: $54,325), Poverty rate: 3.7% (state: 14.1%), Median home value: $196,800 (state: $135,400). You might think Palm Beach would easily . They have new homes, drive new cars, and have bright futures. The downside? When you purchase through links on our site, we may earn an affiliate commission. All four have average incomes upwards of $400,000. Bridgeport's median is just over $80,000, which is the highest of any municipality in the state but one of the lowest on this list. Like all Floridians, Key West's millionaires save a bundle on taxes. Major employers in the area include Amazon, Boeing, and Microsoft. Atherton, CA- Average household income - $450,696. Median household income: $131,354 (state: $63,473), Poverty rate: 1.5% (state: 10.9%), Median home value: $293,800 (state: $185,000). Even in one of the wealthiest states, Greenville stands out as especially affluent. Median household income: $97,143 (state: $57,598), Median home value: $225,400 (state: $242,400). The typical home in Rock Springs is worth $217,400, slightly more than the $213,300 state median home value. August 25, 2020. More than one in every five households in the area earn over $200,000 a year. Median household income: $117,300 (state: $59,209), Poverty rate: 3.5% (state: 11.9%), Median home value: $373,200 (state: $173,600). Situated on the northeast shore of White Bear Lake some 20 miles from downtown Minneapolis, Dellwood is one of the wealthiest suburbs in the Midwest. Grant Suneson, Evan Comen and Samuel Stebbins. In Glen Ridge, New Jersey, about 15 miles west of Manhattan, the typical household earns $213,801 a year, more than in any other small city or town in the state, and among the most anywhere nationwide. T-shirts, pillows, running shoes and even underwear are being sold, Hertz is selling thousands of used cars in its fleet in bankruptcy at bargain prices, Money tips and advice delivered right to your inbox. Five-star skiing at the Deer Valley and Sundance ski resorts is roughly a half-hour away. The typical home in Montana City is worth $331,900, the most of any city with a population between 1,000 and 25,000 in Montana and far more than the $219,600 state median. 25% of the total families in US don't even have $10,000. . Loudoun County is located in the Commonwealth Virginia, with a population of 375,000 people. Percentage of global population: 1.2%. : Hertz is selling thousands of used cars in its fleet in bankruptcy at bargain prices, Save better, spend better: Money tips and advice delivered right to your inbox. Median household income: $141,533 (state: $65,627), Poverty rate: 1.8% (state: 11.9%), Median home value: $444,400 (state: $244,700). The wealthiest 1% of Americans hold an amazing 40% of all wealth. List of Top 10 Highest Paid News Anchors in India. These include financial companies Citi and Wells Fargo as well as the biomedical companies Avera Health and Sanford Health -- each of which employs thousands of people. The typical home is worth $602,000, the most of any small town in Pennsylvania and more than triple the $174,1000 state median home value. Greenville is a relatively short commute to New York City, providing its residents access to the many high-paying jobs. Not only is there no state income tax, but the government actually pays residents an annual stipend. Millionaires in America 2020: All 50 States Ranked. The typical household in Papillion earns $80,853 a year, the most of any small city or town in Nebraska and far more than the state median household income of $59,116. Accessibility to a city center is typically a key characteristic of the cities on the list. Most homes in Belvedere are worth more than $2 million. You'll find the Truckee-Grass Valley area on the California side of Lake Tahoe, with Truckee proper situated near the shore of the famed lake itself and Grass Valley sitting farther to the west. Be that as it may, property taxes as a percentage of home value are the lowest in the U.S. By this point in our list of small towns with the highest concentrations of millionaires, it should be clear that Western ski resort towns are mighty popular with people of means. Maryland has the second most millionaires per capita of any state in the U.S., according to Phoenix Marketing International, but it's unfriendly when it comes to taxes (opens in new tab). Microsoft co-founder Paul Allens estate in Atherton, CA, recently sold for a hefty $35.25 million. Median household income: $213,801 (state: $79,363), Poverty rate: 3.9% (state: 10.4%), Median home value: $644,900 (state: $327,900). The Evergreen State makes the cut because it doesn't have an income tax. Median household income: $80,135. Number of individuals with a net worth of $5 million or more: 36,515. The typical home in New Albany is worth $494,600, more than three times the state median home value of $140,000. The typical household in Rock Springs earns $75,441 a year, more than the $62,268 state median household income but less than the vast majority of places on this list. Data on household incomes and home values come from the U.S. Census Bureau. Concord also benefits from being within easy reach of Laconia and the state's famed Lakes Region, as noted earlier. Mississippi: Sherwood-Audubon Area, Jackson. 20 Best Stocks to Buy for the New Bull Market. In Gateway, Alaska, most households earn more than $100,000 per year, compared to the statewide median income of $76,715. Originally developed as housing for the teachers and staff of Southern Methodist University in the early 1920s, University Park has since developed into one of the wealthiest communities in the country. This time the list is from Bloomberg. Tiny Elko, Nevada, owes its high concentration of millionaires to its status as the capital of Nevada's gold mining industry. Around 276,400 millionaires, 623 centimillionaires and 62 billionaires live in the San Francisco Bay area, which includes Silicon Valley. For more sedentary folks, Breckenridge hosts the National Repertory Orchestra every summer and the Breckenridge Film Festival every autumn. Sign up here, Your California Privacy Rights/Privacy Policy. The economy in Los Alamos is supported by the Los Alamos National Lab -- a research and development center for the Department of Energy and the National Nuclear Security Administration. Median household income: $174,750 (state: $54,938), Median home value: $856,700 (state: $146,200). These commodity ETFs offer investors exposure to the diverse asset class, which is a helpful hedge against inflation. One characteristic these towns have in common is a high level of education. The No. The area's population grew by 34.5% from 2013 to 2018, compared to the U.S. population growth of 3.6%. The typical household in Horace today earns $131,354 a year, the most of any small town in North Dakota and more than twice the state median household income of $63,473. From metro areas on both coasts to the middle of the Pacific Ocean, these are the priciest cities in the U.S. to call home. What had fueled this remarkable growth was oil, specifically the discovery of the Glenn Pool oil field in 1905. And don't forget the incomparable sunsets. The top 20 richest towns in America all boast average household incomes above $300,000, while the top five ring up above $400,000. Here are the 10 leading cities for the wealthy for 2019. Run, swim or take exercise classes at the YMCA Community Center. Hudson boasts scores of antiques dealers, which led the charge in making the town attractive for new residents, tourists and wealthier folks in search of second homes. South Carolina has one of the higher poverty rates among states, at 16%. Median household income: $105,000 (state: $57,422), Poverty rate: 2.7% (state: 12.4%), Median home value: $352,200 (state: $145,400). What started as a small farming community in the 1870s now has some the most expensive homes in North Dakota. Heber boasts world-class recreational activities for the wealthy and regular Joes alike. Buzz60's Tony Spitz has the details. This city in the oil-rich Bakken Formation soon found itself home to fracking millionaires. 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. Median household income: $161,641 (state: $59,445), Poverty rate: 5.8% (state: 12.8%), Median home value: $602,000 (state: $174,100). North Star, Delaware, located about 10 miles west of Wilmington and 35 miles southwest of Philadelphia, has a median household income of $141,533, more than double the statewide median of $65,627. Fully 8.7% of Heber's 9,567 households have at least $1 million in investable assets. Centerton is situated next to Bentonville, the home to Walmart's corporate offices and its roughly 17,000 employees. Naturally, skiing is what first comes to mind when it comes to Breckenridge, but the area supports a wide range of sports and cultural activities through all four seasons. When folks think of Steamboat Springs, its reputation as one of the best ski resort towns in the world is likely what first comes to mind. More than 9% of Williston's households are considered to have millionaire status, but the absolute number of millionaire households actually declined from 2019. Once upon a time before his days as a financial reporter and assistant financial editor at legendary fashion trade paper Women's Wear Daily Dan worked for Spy magazine, scribbled away at Time Inc. and contributed to Maxim magazine back when lad mags were a thing. 2020-10-14T13:25:00Z . Every one of the top 20 towns have households that bring in at least $300,000 a year. In many cases, the chef is why someone visits a restaurant. The typical home in Weddington is worth $443,600, the highest median home value of any small city or town in North Carolina and more than twice the $165,900 state median. Kiplinger is part of Future plc, an international media group and leading digital publisher. Oklahoma has one of the lower median household incomes among states, at $51,424. 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? Rock Springs has since transitioned from coal to an economy dependent on trona mines and oil and gas, and is today the wealthiest small town in Wyoming. It has ranked in the top five of Outside magazine's best places to live in America, and Southern Methodist University once named it the "Most Vibrant Small Town Arts Environment in the United States. Property taxes are modest, but sales taxes lean high (opens in new tab). In others, a particular industry drives local wealth. Miami, Florida. But it's Colorado's status as a tax-friendly state for both retirees and working residents that helps make Edwards a great deal for year-round living. The Sunshine State is well known for its absence of a state income tax, which helps make it one of Kiplinger's 10 most tax-friendly states (opens in new tab). It's less than an hour away from Annapolis, the state capital, while Washington, D.C., and Baltimore can be reached by car in about 90 minutes (traffic willing). Watch on. If your ideal summer retreat is a lakeside getaway, you could hardly do better than Laconia. The typical household in Vermont earns about $60,000 a year, in line with the national median household income. 9. A far higher than average share of workers in Buckner work as health diagnosing and treating practitioners, which are generally high paying jobs. Happily for residents, Washington is among the most friendly states for taxes (opens in new tab). Here are the 20 richest counties in the U.S. and the average household incomes of each, according to DailyMail.com's report. Destrehan is a Census-designated place with 11,000 residents, located about 20 miles west of downtown New Orleans. Honolulu in Hawaii is one of the 100 Richest Cities in America #8. 10 Ridgewood, New Jersey . Vineyard Haven is a town on Martha's Vineyard. (STACKER) - In April 1934, the U.S. recorded its highest wind speed ever, a gust of 231 miles per hour at Mount Washington Observatory in New Hampshire. Income distibution for all U.S. cities. One of the primary determinants of income is education. Built with one-acre plot minimums for most of its history, the Inverness housing stock is among the most expensive in the country. Summary: The Wealthiest Cities in America For 2022. Less than 1% of people in Robins, Iowa, live below the poverty line, and more than 22% of households in the town earn more than $200,000 annually. Median household income: $106,288 (state: $48,059), Median home value: $295,600 (state: $166,800). The wealthiest town in the state, Destrehan's median household income of $92,052 . Atherton isn't the only town touting notable wealth, though. Corporate giants shouldn't be applauded for helping to solve crises their own policies have helped cause, writes Linsey McGoey. Median household income: $223,182 (state: $71,228), Poverty rate: 2.3% (state: 14.3%), Median home value: $2,000,000+ (state: $475,900). Fitness buffs have plenty of options: In the snowy Minnesota winter, you can cross-country ski along miles of groomed trails or snowshoe through Carleton's Cowling Arboretum. Seattle, Tacoma, and Bellevue combine to become some of the richest cities in America. 4. And while it helps to be a millionaire to live in Juneau, it's increasingly difficult to become one. The U.S. poverty rate is 14.1%. Median household income: $74,172 (state: $43,567), Poverty rate: 3.8% (state: 20.8%), Median home value: $177,900 (state: $114,500). 6. To ensure accuracy, we only considered places where the margin of error for population and median household income was less than 10%. New! Like many prosperous communities, New Albany is growing rapidly. Click to skip ahead and jump to the 10 richest cities in the United States. The 25 Best Low-Fee Mutual Funds You Can Buy. This combines to explain why the town is on the list of the 20 richest in New Jersey in 2019. Kip ETF 20: The Best Cheap ETFs You Can Buy. Who said big money is smart? By Jeff Reeves This unincorporated town in Essex County was founded by the inventor of the modern roller shade in the 1870s. Median homes prices top the U.S. median by more than $159,000. The typical home is worth $625,100, more than three times both the state median home value of $187,200 and the national value of $204,900. Feb 25, 2020, 3:05pm Updated on Feb 25, 2020. Located in Washington County, Arkansas, the small town of Goshen is considered to be the wealthiest in the state. New York, Boating, fishing, snorkeling, scuba diving and lazing on the beach are just some of Key West's draws. That helps explain its inclusion on the list of small towns with high concentrations of millionaires. Find the full list of America's 100 Richest Places on Bloomberg. To determine America's richest towns, 24/7 Wall St. reviewed household income data from the U.S. Census Bureau's American Community Survey in every American town with a population of between . Source: Bloomberg. 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. Scarsdale, NYsales price of $1.2 million, Scarsdale is the richest town on the East Coast. While the economies of rural areas are believed to be less exposed to these effects, the virus has adversely affected all parts of the U.S. Problematic logos: Does it really matter if Aunt Jemima and Uncle Ben get retired? Seattle-Tacoma-Bellevue. The New Hampshire state capital is home to a horde of state, county, local and federal agencies and the law firms and professional agencies that support them. Bloomberg created and ordered this list by annual household income. But as anyone who works in the oil patch knows, booms and busts are an integral part of the industry. And when demand finally started to improve, the COVID-19 pandemic slammed the energy sector.
