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Sponsored Content (opens in new tab) Previous Next 2/25 (Image credit: Getty Images) 24. It's a small area with a small population but a large percentage of highly educated and highly trained engineers and scientists. Median household income: $88,199 (state: $63,296), Poverty rate: 5.3% (state: 13.1%), Median home value: $251,300 (state: $249,800). 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. (See below for yet even more examples.) The 25 Best Low-Fee Mutual Funds You Can Buy. No need to worry about health care, either. As is often the case in wealthy communities, real estate is not cheap in Darien. Ireland, on the rise thanks to favorable corporate tax policies, is projected to hit #1 by 2027.; The resource-rich land with the world's biggest economy, the United States, ranks 9th on the list. 27 / 52. 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. That helps explain its inclusion on the list of small towns with high concentrations of millionaires. But this comes at a cost. Across Missouri, 28.6% of adults have a four-year college education. Like all Floridians, Key West's millionaires save a bundle on taxes. Centerton is situated next to Bentonville, the home to Walmart's corporate offices and its roughly 17,000 employees. Most households in the town earn more than $150,000 annually, and more than one-third earn over $200,000. Loudoun County is located in the Commonwealth Virginia, with a population of 375,000 people. so you don't miss any videos: http://goo.gl/0bsAjO Over the past year, housing . Indeed, former presidents Bill Clinton and Barack Obama have summered there, and Jacqueline Kennedy Onassis long maintained a home on the island. Unfortunately, some of the other state and local taxes aren't quite so taxpayer-friendly. Perhaps best known is Hanover, N.H., which forms the northern tip of this urban agglomeration. One whistleblower estimated it at $200 billion. With a median income of $123,220, Buckner is the wealthiest place in Kentucky. The village was originally incorporated in 1892 as a means to organize a school system for the children of farmers, and today it is the wealthiest small town in Wisconsin. Many residents likely commute to high-paying jobs in nearby Birmingham. America is often known in the world as the . In comparison with most other states, Mississippi's most expensive neighborhood isn't actually all that expensive especially when you consider that the median home value in Florida is more than $8 million. Median household income: $174,750 (state: $54,938), Median home value: $856,700 (state: $146,200). 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. The largest companies in the area include government tech contractor Booz Allen Hamilton, Inova Health System, and government-sponsored finance giant Freddie Mac. Median household income: $80,853 (state: $59,116), Poverty rate: 4.1% (state: 11.6%), Median home value: $180,700 (state: $147,800). In Paradise Valley, just 5% of residents live in poverty. While many of the highest paying jobs tend to concentrate near large population centers, there are also smaller towns that are very prosperous. Median household income: $141,533 (state: $65,627), Poverty rate: 1.8% (state: 11.9%), Median home value: $444,400 (state: $244,700). In the first half of the 2010s, North Dakota had the fastest-growing economy in the nation, thanks to the explosion in shale oil drilling. Atherton, CA- Average household income - $450,696. The sun-kissed island and nearby neighbors offer a tropical paradise in the good ol' U.S. of A. ETFs The Hudson, New York, micro area has emerged as an upstate hidey-hole for the well-heeled. View Slideshow. One of the wealthiest states in the country, New Jersey has a median household income of $79,363, about $29,000 more than the national median. The rules that keep American housing expensive. The median household income in Highland Lakes is more than triple the median income across Alabama as a whole. Fairfax County, which includes the independent cities of Fairfax City and Falls Church, remains one of the . Jim Walton is the last heir to the Walmart fortune. As is typical among the cities and towns on this list, Essex Junction is within commuting distance of a larger urban area. Multiple bodies of water including Donner Lake, where the Donner Party met its gruesome demise, make the entire area a recreational haven for water sports. The typical Montana City household earns $93,194 a year, the most of any small city or town in Montana and far more than the $52,559 state median household income. By Louis Navellier For the second year since Bloomberg started to compile the Richest 100, the nation's top spot is Atherton, California. His wealth has rocketed to $10.9 billion from $4.6 billion in 2020. This prosperity has likely attracted many new residents to Jenks -- the population grew by more than 24%, from less than 18,000 in 2013 to over 21,000 in 2018. Loudoun County is the richest county in the USA, with an estimated average household income of $ 117,876. Here are the 10 leading cities for the wealthy for 2019. 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. Atherton, California tops the list for the fourth . The median annual household income in America is just over $60,000. Glencoe, IL. All 30 Dow Stocks Ranked: The Pros Weigh In. Although gold mining is no longer much of a growth area, pulling the yellow metal from the ground does remain a productive endeavor. Each has an average household income of over $400,000. Median household income: $133,768 (state: $68,374), Poverty rate: 2.6% (state: 10.3%), Median home value: $536,100 (state: $256,700). And, hang in there until you're 100 and your income taxes are waived altogether. Reply. High-income areas tend to have well-educated populations -- and Duvall is no exception. Its content is produced independently of USA TODAY. 4); and Los Altos Hills, California (No. Atherton, the upscale community south of San Francisco, has been home to the former chairman of Google Eric Schmidt and brokerage boss Charles Schwab. In Oak Hill, some 78.2% of adults have at least a bachelor's degree -- about three times the 26.6% state college attainment rate and by far the most of any small city or town in Tennessee. Hard work is embedded in American culture. Loudoun County. The typical home in Rock Springs is worth $217,400, slightly more than the $213,300 state median home value. 1 city on the list is . Weddington is a small town of approximately 11,000 residents located 16 miles south of downtown Charlotte. When you purchase through links on our site, we may earn an affiliate commission. The following list of cities is limited to "micropolitan" areas, which the Census Bureau defines as urban clusters with populations between 10,000 and 50,000, "plus adjacent territory that has a high degree of social and economic integration with the core as measured by commuting ties.". The Kapaa micropolitan area includes the entirety of Kauai, Hawaii's fourth-largest island. 6. Median household income: $73,015 (state: $45,726), Poverty rate: 8.8% (state: 17.6%), Median home value: $170,700 (state: $123,300). Bloomberg released its annual list of the richest town . 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. In his current role at Kiplinger, Dan writes about equities, fixed income, currencies, commodities, funds, macroeconomics and more. Most homes in Pinecrest are worth over $900,000, while most Florida homes are worth less than $200,000. 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. Subscribe and turn on notifications (?) The 2014 slump in energy prices touched off the state's worst recession in three decades. The typical household in Oak Hill earns $159,167 a year, more than triple the median household income of $50,927 across Tennessee as a whole and the most of any small city or town in the state. High-end restaurants, plush lodges and spas are just some of the ways that millionaires can pamper themselves. The typical Mississippi household earns just $43,567 a year, about $17,000 less than the typical American household. The median household income in Edgeworth is $161,641, making it the wealthiest municipality in Pennsylvania. The Claremont-Lebanon micro area abuts Laconia and has plenty of its own attractions, as well. 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. America's 100 richest towns have been revealed by Bloomberg's annual index, with the highest-paid town averaging an income of over $500,000. Rents jumped nationwide over the past year, but these big U.S. cities remain comparatively affordable for apartment dwellers. With nearly a $12 million annual salary, Walters was one of the highest-paid news anchors . With an average household income of more than $525,000, Atherton, California is the richest town in the United States, that's according to a Bloomberg report. Find the full list of America's 100 Richest Places on Bloomberg. In Gateway, Alaska, most households earn more than $100,000 per year, compared to the statewide median income of $76,715. This is further evidenced by rapid population growth. Too cold outdoors? Median household income: $93,194 (state: $52,559), Poverty rate: 2.4% (state: 13.7%), Median home value: $331,900 (state: $219,600). Idaho's median annual household income is just over $53,000, which is lower than the majority of states. 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. That makes for easy access to the White Mountain National Forest about 30 miles to the north. Median household income: $204,145 (state: $56,213), Median home value: $1,505,300 (state: $209,600). Genesee has a median annual household income of nearly $160,000, more than double the state median. After the analysis was over, we crowned Cary as the richest city in America for 2022. The Golden State's reputation as a high-tax destination is built in part on how aggressively it goes after big earners, with a 13.3% tax rate that kicks in at $1 million (for single filers) of taxable income. Oxnard-Thousand Oaks-Ventura, California. It is a short drive from Charlotte. Dallas. 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. Five-star skiing at the Deer Valley and Sundance ski resorts is roughly a half-hour away. In Brandon, most households earn over $84,000 a year, about $28,000 more than the typical South Dakota household. The Wealth Report is Knight Frank's flagship annual publication, offering a unique perspective on global wealth, prime property and investment. South Carolina has one of the higher poverty rates among states, at 16%. Median household income: $222,115 (state: $65,323), Poverty rate: 3.3% (state: 14.6%), Median home value: $954,400 (state: $302,200). Known as the Garden Island, Kauai is one of the state's less developed locales. Its richest municipality, Dalton Gardens, has a median household income of just over $71,000, which is lower than that of any other municipality on this list. 9. It became the first and only neighborhood in America to top the half-million-dollar mark. With an average household income of more than $525,000, it became the first and so far only community to . By Kyle Woodley 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. Top employers in Elko County include the Elko County School District and West Wendover Casinos. "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. Seattle-Tacoma-Bellevue. Millionaire households: 1,840; Dan holds a bachelor's degree from Oberlin College and a master's degree from Columbia University. Either way, these are the 25 smallest cities and towns boasting the highest concentrations of millionaire households in the U.S. And just for good measure, we're also providing some important tax and cost-of-living information. Just 4% of Gateway households have an annual income of less than $10,000, while 12% of households have an annual income greater than $200,000. We have yet one of the Richest Cities in California on our list at the eight spot and that is Oxnard-Thousand Oaks-Ventura. Launching and succeeding with an innovative, one-of-a-kind business is an exhilarating yet daunting journey. Median household income: $108,299 (state: $55,679), Median home value: $349,500 (state: $166,800). It also can get a bit crowded. All. 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. This table shows the astonishing list of wealthiest counties in America by average household income. The Evergreen State makes the cut because it doesn't have an income tax. The typical home in University Park is worth $1.2 million, compared to the median home value of $161,700 statewide. Burlington, the largest city in the state, sits less than 10 miles west of Essex Junction. It's easy to see why Glenwood Springs is popular with millionaires. Median household income: $106,285 (state: $54,325), Poverty rate: 3.7% (state: 14.1%), Median home value: $196,800 (state: $135,400). Published 6 January 23. real estate This level of education qualifies Genesee residents for many of the high-paying jobs in the Denver area. Edgeworth is a small borough of approximately 1,600 residents located some 12 miles up the Ohio River from downtown Pittsburgh. SECURE 2.0 Act Lets Retirees Defer Some Taxes Longer, Best AI Stocks to Buy: Smart Artificial Intelligence Investments, The 6 Safest Vanguard Funds to Own in a Bear Market, 10 Big U.S. Cities With the Cheapest Apartment Rents, 7 Best Small-Cap Stocks to Buy for 2023 and Beyond, New Hampshire is a relatively tax-friendly state, North Dakota is one of the nation's more tax-friendly states, But for more modest incomes, the impact is far milder, and property taxes are low, reputation as a high-tax state is overblown. Median household income: $71,111 (state: $53,089), Poverty rate: 3.6% (state: 13.8%), Median home value: $364,600 (state: $192,300). Bethany is the most affluent neighborhood in Oregon. Darien is the wealthiest small municipality in one of the wealthiest states. Click to skip ahead and jump to the 10 richest cities in the United States. Some 22.6% of households earn $200,000 or more, more than five times the comparable 4.4% of households throughout Wisconsin. Median household income: $159,226 (state: $68,811), Poverty rate: 5.5% (state: 10.9%), Median home value: $694,900 (state: $313,600). This time the list is from Bloomberg. By Jeff Reeves Fly fishing, hiking and whitewater rafting draw folks to town in the summer months. Median household income: $75,441 (state: $62,268), Poverty rate: 11% (state: 11.1%), Median home value: $217,400 (state: $213,300). New Mexico's personal income tax rates top out at 4.9% on taxable income over $16,000 for single filers and over $24,000 for married couples filing jointly. Bridgeport, just south of Morgantown and West Virginia University, has the highest four-year college attainment rate of any town in the state, at 50.7%. Median household income: $106,288 (state: $48,059), Median home value: $295,600 (state: $166,800). A home stands in Atherton, California, U.S., on Tuesday, Feb. 18, 2020. The typical household earns $127,351 a year, more than double the $59,393 the typical Oregon household earns. The Federal Reserve has been aggressive in its rate hiking, and it's likely not done yet. Honolulu in Hawaii is one of the 100 Richest Cities in America #8. Port Royal, Naples, Florida. 65 Best Dividend Stocks You Can Count On in 2020. Spring Creek is a small suburb of approximately 14,000 residents in Elko County in northeast Nevada. The area's population grew by 34.5% from 2013 to 2018, compared to the U.S. population growth of 3.6%. With its covered bridges, forests and rivers, the scenery is gorgeous. In Topsham, 44.9% of adults have a bachelor's degree, one of the larger shares of any small city or town in Maine and far more than the state bachelor's degree attainment rate of 30.9%. Median household income: $105,000 (state: $57,422), Poverty rate: 2.7% (state: 12.4%), Median home value: $352,200 (state: $145,400). 13 Best Vanguard Funds for the Next Bull Market. Billionaires say to be successful, do these simple things every day. tech stocks 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%. Concord also is a major distribution, industrial and transportation hub. Oak Hill is a small city of approximately 4,600 residents located about 7 miles south of downtown Nashville. It is worth noting that the data used for this story represents a time before the coronavirus pandemic. To ensure accuracy, we only considered places where the margin of error for population and median household income was less than 10%. 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). In this article we take a look at the 30 richest cities in the United States. Greenville's median home value is more than triple that of New York state, at over $950,000. But the town's signature draws are antiques and architecture. Tiny Easton, on the Eastern Shore of the Chesapeake Bay, prides itself on its out-of-the-way feel, with country farms mixing with lavish waterfront estates. The top 20 richest towns in America all boast average household incomes above $300,000, while the top five ring up above $400,000. Median household income: $97,143 (state: $57,598), Median home value: $225,400 (state: $242,400). Belvedere, California is just north of Richardson Bay, across the water from San Francisco -- the second richest metro area in the country -- and within driving distance of San Jose, which is the richest metro area. America's 50 richest towns: Silicon Valley community leads the list for the fourth year in a row with average household income of $525,000. AI stocks have been bloodied up in recent months, but the technology's relentlessly growing importance should see the sun shine on them again. A Bloomberg report is out on the 100 richest towns in America, and four towns in Connecticut made the list. 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. All Rights Reserved. Rank Metropolitan statistical area Population Per capita income 1 Washington-Arlington-Alexandria, D.C-Virginia-Maryland MSA 5,949,178 $47,411 Median household income: $75,439 (state: $60,076), Poverty rate: 6.2% (state: 11.2%), Median home value: $283,400 (state: $223,700). The typical area home is worth about $645,000, nearly double the value of the typical New Jersey home. And just when Alaska could see an end to the downturn, COVID-19 hammered the energy sector. This is followed by Los Angeles with 52 billionaires, and San Francisco and Chicago, who each have 44 billionaires. Incomes tend to rise with educational attainment, and as is often the case in other states, Missouri's wealthiest town is also its best educated. Hefty income taxes and high property taxes make the Empire State one of Kiplinger's 10 least tax-friendly states. The boom times looked to be rolling again in North Dakota until COVID-19 gutted oil demand. DEA / M. BORCHI // Getty Images. As for taxes, millionaires could do worse. On the downside, Minnesota is not a friendly state (opens in new tab) when it comes to taxes. Heres how retirees can benefit from changes in required minimum distributions (RMDs), qualified longevity annuities and IRA catch-up contributions. Percentage of global population: 1.2%. "Coupeville and Langley have higher incomes, swankier homes and older residents." Concord also benefits from being within easy reach of Laconia and the state's famed Lakes Region, as noted earlier. Posted Mon, Feb 24, 2020 at 12:35 pm ET. Like many prosperous communities, New Albany is growing rapidly. Here are . 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. Most homes in Belvedere are worth more than $2 million. More than half of all adults in the area have a bachelor's degree or higher, compared to 35.3% of adults living in Washington state. Theres also a home for sale 6.8 times that size (15,300-square-foot) and more than 19 times that price, listed at $32 million. Less than 2% of the town's 5,500 residents live below the poverty line, a fraction of the state poverty rate. The median in Jenks is tens of thousands of dollars higher, at over $93,000. 12 Cheapest Small Towns in America 2020. On the plus side, Massachusetts' reputation as a high-tax state is overblown (opens in new tab). For example, your friend asks you, "how much money do you have . With a median household income of $156,205, Duvall is the wealthiest small city or town in the state. It has a higher share of wealthy residents than any other small city or town in New York, with 56.9% of households earning at least $200,000 per year. . A popular New England vacation destination, Hampton is home to some of the most expensive houses in New Hampshire. 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. NEW ALBANY, OH A Bloomberg report identified the 100 richest towns in America, and three Ohio cities made the cut. Speaking of wealth, Atherton's average household income is a mind-boggling $525,324, up $74,638 since 2017, when it was last recorded by Bloomberg. By raw numbers, most millionaires in America can be found in and around big cities such as New York, Los Angeles and Chicago just as you would expect. 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. 3); and Cherry Hills Village, Colorado (No. Nevin Rudloff October 8, 2020 . In Tega Cay, less than 1% of residents live below the poverty line. 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. revealing the wealthiest towns in the US. Median household income: $235,669 (state: $81,868), Poverty rate: 1.6% (state: 9.4%), Median home value: $1,090,400 (state: $305,500). The area sits between Lake Winnisquam and Lake Winnipesaukee in the middle of New Hampshire's famed Lakes Region. However, when it comes to the highest concentration of . 11 March 2007: The tables provide GDP figures for cities and their surrounding urban areas in 2020. The typical home in New Albany is worth $494,600, more than three times the state median home value of $140,000. Indeed, it's one of the more expensive cities in the U.S. Chalk it up to the remote location of Alaska's capital, which is tucked away in the southeast corner of the state hard against the Canadian border. Largely agricultural for most of its history, Weddington began to develop more residential housing in the 1970s in tandem with the expansion of the Charlotte metro area. It became the first and only neighborhood in America to top the half-million-dollar mark. The appeal of Key West to millionaires and heck, everyone is pretty self-evident. Top 100 cities with highest median household income Previous toplist Next toplist . According to Niche, the national percentage is 20%. August 25, 2020. These places aren't in the best states to move to in the USA, but a few are some of the wor. The typical home in Hampton is worth $358,300, far more than both the state median home value of $252,800 and the $204,900 national figure. CEOWORLD magazine - Top Stories - C-Suite Lifestyle - RANKED: These Are The 50 Richest Towns To Live In The United States, 2020. In Dellwood, some 75.2% of adults have a bachelor's degree, more than twice both the state bachelor's degree attainment rate of 35.4% and the national rate of 31.5%. More than 9% of Williston's households are considered to have millionaire status, but the absolute number of millionaire households actually declined from 2019. Ocean Pointe is a Census-designated place on the island of Oahu within commuting distance of Honolulu. Greenville is a relatively short commute to New York City, providing its residents access to the many high-paying jobs. 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? 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). (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. Wealthy areas tend to be home to well-educated populations -- and Bloomfield Hills is no exception. Building on this momentum, Duke Energy Corporation and the state's rural electric . And when demand finally started to improve, the COVID-19 pandemic slammed the energy sector. On the plus side, Alaska is one of the most tax-friendly states in the union (opens in new tab). The title of most expensive town in Florida goes to the South-West beachside paradise, Boca Grande. . The city continues to attract some very educated people; about 44% of adults in the area have at least Bachelor's Degrees. 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. 4. Based on median household income, Mississippi is the poorest state in the country. 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. But the area offers a wealth of outdoor fun year-round. What started as a small farming community in the 1870s now has some the most expensive homes in North Dakota. Sergey Brin. Demand for oil is gradually coming back, but it is by no means taking off. The city's great appeal is no secret. Median household income: $132,587 (state: $52,413), Poverty rate: 1.7% (state: 15.4%), Median home value: $443,600 (state: $165,900). Known for high-income levels and a low unemployment rate, Luxembourg is the richest country in the world. With three major ski resorts and an abundance of other year-round recreational activities, it's easy to see the appeal for those with means. Naturally, this tony locale is not easy on the wallet, as evidenced by the exorbitant real estate prices. For year-round activities, the Heber Valley features five 18-hole championship golf courses, three state parks and a historic tourism railroad. Tega Cay, South Carolina, is located on a peninsula along Lake Wylie, just south of the border with North Carolina. The high incomes in Glen Ridge are evident by real estate values. Here is the list of top 14 wealthiest towns in America as of March 2023 1. Does it really matter if Aunt Jemima and Uncle Ben get retired? Median household income: $210,511 (state: $76,106), Median home value: $1,461,100 (state: $272,700). At the same time, Hudson is chockablock with architectural gems. Warren Buffett Stocks Ranked: The Berkshire Hathaway Portfolio. Initially a mining camp in the 19th century, Montana City has since developed into a wealthy suburb of approximately 2,800 residents. Examples of investable assets include cash, stocks, bonds and funds, among a bunch of other types of investments and financial products. Raleigh-Durham International Airport. 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