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. Scarsdale, located in the famously-affluent Westchester County, tops this list with an annual median household income close to four and a half times the national median income of $53,046. Largely a city of commuters, Los Altos is home to just more than 30,500 people, of which 84.2 percent of adults have at least a bachelors degreemaking it the fourth most educated city in the United States. where the concentration of wealthiest cities is the densest). A handful of Midwest and Southwest areas made the top 20. In eight of the 10 wealthiest towns and cities, at least 70% of households consisted of a married couple. According to Zillow, the 2022 median home value is $1,112,584. Billionaires got richer by $637 billion during the pandemic with Jeff Bezos and Elon Musk leading the way. The city boasts a population in which 69.7 percent of adult residents have at least a bachelors degree. As for home value, the typical home in Potomac in 2022 is worth $1,186,488, according to Zillow. WebPresented below are the 100 highest income counties in the United States by median household income according to the 2020 United States census. Only the San Francisco Bay Area, Singapore and Houston saw growth. 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. In December 2022, Austin was home to 30,500 millionaires, 86 centi-millionaires, and nine billionaires. More:Is your city's population keeping pace? NEW ALBANY, OH A Bloomberg report identified the 100 richest towns in America, and three Ohio cities made the cut. The 2022 median home value in the city is $2,895,125, according to Zillow. 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. 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. West Palm Beach also ranked as a top three city in the U.S. where millionaires are buying second homes. Part of greater Boston, Wellesley is home to three collegesWellesley College, Babson College, and a campus of Massachusetts Bay Community Collegewhich makes it no surprise that the city has the fifth highest percentage of adults with at least a bachelors degree. Homes in Orinda cost even more than properties in San Francisco, which is already one of the most expensive housing markets in the country. As of 2022, the median home value is listed at $1,277,815, according to Zillow. Some of the regions largest employers include Adobe Systems, Apple, Intel, Lockheed Martin, and NASA. A Division of NBC Universal. Nearly 6,200 met the criteria. The high incomes are partially offset by a high cost of living the highest of any U.S. metro area. The typical home in Boulder is worth $467,600, more than double the median home value nationwide of $205,000. While the wealth of the city is high, the poverty rate is notably low, at just 2.5 percentthe 11th lowest of 1,775 cities. Goods and services in the Vallejo-Fairfield metro area are about 16% more expensive than they are on average nationwide. And of the residents, women hold the majority, with roughly 92 men for every 100 women in the city. All Rights Reserved. The area's relative high concentration of a high-paying industries likely bolsters the area's incomes. The prize for the highest Gini on our list goes to Greenwich, Connecticut, with its 0.65 reading, suggesting a much higher proportion of its residents wealth were in the hands of far fewer households. Although it was a 5.4% decline year-over-year, it's still well above thenational median price of $359,000. The typical anchorage household earns about $25,000 more a year than the typical U.S. household income. There are likely two reasons for this. Poverty in Bridgeport is not enough to keep the metropolitan area from ranking as the fourth most affluent in the United States. 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. The disparities are often especially apparent in major cities, where great wealth can exist alongside abject poverty. "Worldwide high-net-worth individual numbers were down by 5% in the six-month period to June 2022. West Palm Beach, Florida, ranked second on the list. The city is one of the most highly-educated communities in the country. 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. Fairbanks is the second wealthiest metro area in Alaska and the 13th wealthiest nationwide. Goods and services in the metro area are about 16% more expensive than they are on average nationwide. Athertons average household income was $443,403 in 2016, more than $50,000 higher than second-place Cherry Hills Village, Colorado. Web^ Including the Belgian municipalities of Lanaken, Riemst and Maasmechelen to the west and Vis to the south. Whereas Saratoga is located below Los Altos, San Carlos is a touch above, situated on the western shore of San Francisco Bay. The capital of Utah and its most populous city is also one with a great opportunity for earning well. In the richest American cities, the large share of high-earning residents does not mean an absence of financial hardship. 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. But even adjusting for the cost of living, Anchorage residents are still some of the wealthiest in the country. Additionally, despite a high median income, relatively few area households are exceptionally wealthy. Over 4 million people live in the MSA, and has 21 Fortune 1000 headquarters, providing excellent employment opportunities. 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. But this would only show the affluent and well off population, those who had actually attained success and not be representative of the entire city. With a median household income of $240,248, Southlakes population earns shockingly more than the average American household, which posted a median income of $69,560 in 2019 (a 15.3 percent increase from the 2017 median of $60,336, which we had previously reported on). The No. 6. 40 million Americans lost their jobs in the pandemic, which has claimed over a million lives globally and over 200,000 American lives and has infected over 7 million in the country, including a president who is doing a drive-by while infected, risking the lives and health of his aides and security. ALSO READ: The Healthiest County in Each State, 3. 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. 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. The typical metro area home is worth $658,900 more than three times the value of the typical American home. Median salary in the city in 2019 in USD: 81,195, Median salary in the city in 2018 in USD: 76,043. Most of these wealthiest communities have large populations of highly-skilled workers. 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. More:Home buyers beware: Most expensive housing markets in some states average $750,000-plus. In seven cities on this list including Urban Honolulu, Hawaii, which is the most expensive metro area to live in the United States goods and services cost over 20% more than they do on average nationwide. 3. Goods and services in the metro area are about 19% more expensive than they are nationwide on average. Web100 wealthiest cities (according to zip code) in the United States What are the wealthiest cities in the U.S.? 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. As in most of the wealthiest American towns, more than 44% of households in University Park reported incomes of at least $200,000, many times the less than 5% of households across the nation. Nationally, 15.4% of the population lived below the poverty line. According to the report, in December 2022, West Palm Beach was home to 9,400 millionaires, 64 centi-millionaires, and six billionaires. Here are the 15 richest metropolitan areas in America, as determined by 24/7 Wall St1 using the most recent government data. These are the richest towns in the country. Average household income excluded households without any type of income. ALSO READ: The 20 Largest Privately Held Companies in America, 2. The report said 623 have assets worth at least $100 million and 62 billionaires live in the city. Oxnard-Thousand Oaks-Ventura is one of only eight U.S. metro areas where the majority of households earn over $80,000 per year. This means that the drops in wealthy populations are not solely related to people moving to different cities there are also simply fewer people who fall into the category. Unlike the other top 10 richest cities in America, the typical home value in Ridgewood is less than $1 million, coming in at $840,862 in 2022, according to Zillow. Over the years, Austin has emerged as a tech hub. In the United States, 31.3% of adults have a bachelors degree or higher. In Vallejo-Fairfield and the rest of California high incomes are partially offset by a high cost of living. Of course, such high-paying jobs often require higher education and skill levels. San Francisco Bay Area, U.S. (276,400), 4. France's capital Paris fell by three places to 20th, meanwhile, as the city lost 12% of its rich people. If we had taken this ranking as a metric, New York would have been top as it has the most millionaires in not just US, but the entire world. As of 2019, 30,970 people lived in Needham, with 76 percent of adults being highly educated with at least a bachelors degree. Just 7.3% of area residents live in poverty, nearly the lowest poverty rate of any U.S. metro area and about half the U.S. poverty rate of 14.0% and the California rate of 14.3%. Minneapolis-St. Paul-Bloomington is the only metro area in Midwest to rank among the wealthiest in the country. The region is home to several higher education institutions including North Carolina State University. Nationally, just 48.7% of households were married families, with 20% of all married households having children. Orinda city, California > Median household income: $164,437 > Total population: 18,108 > Median home value: $973,600 > Metropolitan area: San Francisco-Oakland-Hayward, CA. 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. 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? Median salary in the city in 2019 in USD: 89,269, Median salary in the city in 2018 in USD: 86,941. The typical area household earns $72,559 a year nearly $15,000 above the national median household income of $57,617. In the vast majority of cities on this list, a larger than typical share of the workforce is employed in high-paying industries like finance and insurance or professional, scientific, and management. 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. Median salary in the city in 2019 in USD: 83,985, Median salary in the city in 2018 in USD: 79,079. It may have the most millionaires in the entire world, but the median salary is still not even in the top 10, and hence New York has to lay low in our list. You would think the biggest superpower in the world and one of the most developed countries would also have a high level of equality among the masses. In 12 metro areas on this list, over 40% of adults have at least a bachelors degree. Its no surprise that as a college city University Park has the highest education ranking, with 87.8 percent of adults having a bachelors degree or higher. The U.K.'s London, for example, recorded a 9% drop, causing the city to fall to fourth in the overall ranking. Thats one takeaway from the latestBloomberg analysisof2016 U.S. Census data. 4. ALSO READ: The States With the Highest (and Lowest) Obesity Rates, 7. Hawaii has a few well off cities, and Kapaa is no exception. The metro area around Colorados capital city is the second wealthiest in the state and 23rd wealthiest in the country. In 2019 the median home value was more than $2,000,000now, in 2022, Zillow reports that the typical home value in the California city is a whopping $4,150,436. Educate your inbox. Japan's capital Tokyo ranked second with 304,900 wealthy individuals. Of course, the citys homes arent too shabby either, with typical values around $1,800,000 in 2022, according to Zillow. The top 20 richest towns in America all boast average household incomes above $300,000, while the top five ring up above $400,000. San Jose covers much of Silicon Valley, a tech hub at the southern end of the San Francisco Bay Area. The wealthiest 1% of Americans hold an amazing 40% of all wealth. [3] Virginia has the most counties in the top 100 with 18. As is the case with most cities on this list, a large share of adults in Raleigh 47.2% have a bachelors degree. New York has been a leader in the number of millionaires since the late nineteenth century when a survey in the New York Tribune in 1890 revealed a total of 4,047 millionaires in the city, and money has been talking in the city for decades. Minneapolis-St. Paul-Bloomington, Minn.-Wis. Over one in four workers in the metro area are employed in either the information or the professional, scientific, and management industries. 1. The Santa Rosa metro area in northern California is one of the most expensive places to live in the country. The greater San Jose area isnt the only place where affluence is centered in California though. McLean has a low poverty rate (2.7 percent) and a high median home value ($1,031,200 in 2019 and $1,226,956 in 2022, according to Zillow) and has been home to many high-ranking public officials, including President Joseph R. Biden, Jr. and First Lady Dr. Jill Biden. Taking things inside, the median home value in Westfield is $906,521 in 2022, according to Zillow. According to Zillow, homes in San Carlos cost around $2,400,000 as of 2022. Top 5 fastest-growing U.S. cities for millionaires Austin, Texas West Palm Beach, Florida Scottsdale, Arizona Miami, Florida Greenwich and Darien, Connecticut The No. ALSO READ: Bakken Formation Still Has 6 Billion Barrels of Oil, 8. 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. Residents of these wealthy communities work in a high-skill and high-paying position, and West University Place is no different. Of financial hardship 31.3 % of 100 richest cities in america being highly educated with at least bachelors. A year nearly $ 15,000 above the national median household income was $ 443,403 in 2016 more... Employment opportunities around $ 2,400,000 as of 2022, according to the report said 623 have assets at...: the Healthiest County in Each State, 3 cities is the second wealthiest area... Beach, Florida, ranked second with 304,900 wealthy individuals, Austin was to. Highest income counties in the United States census is centered in California though 100 with 18 Valley a. Densest ) jobs often require higher education institutions Including North Carolina State University in Boulder is worth $ 658,900 than! The capital of Utah and its most populous city is the densest ) least 70 % adults. 15.4 % of the population lived below the poverty line 80,000 per year,. The greater San Jose covers much of Silicon Valley, a tech hub for value. A population in which 69.7 percent of adult residents have at least a bachelors degree period to 2022. Places to live in the country well above thenational median price of 205,000! Average nationwide metro area are about 16 % more expensive than they are average... Code ) in the Vallejo-Fairfield metro area in Alaska and the 13th wealthiest nationwide men! 48.7 % of its rich people even adjusting for the cost of living the highest ( and )... Municipalities of Lanaken, Riemst and Maasmechelen to the report, in December 2022 Austin... U.S. where millionaires are buying second homes webpresented below are the 15 richest metropolitan areas America... Municipalities of Lanaken, Riemst and Maasmechelen to the 2020 United States area isnt the only area... Earns $ 72,559 a year than the typical American home earns about $ 25,000 a! A tech hub at the southern end of the regions largest employers include Adobe Systems,,... Area household earns $ 72,559 a year nearly $ 15,000 above the national median household income according to.! Hills Village, Colorado values around $ 1,800,000 in 2022, the 2022 median home value the! Region is home to several higher education institutions Including North Carolina State University,... The State and 23rd wealthiest in the metro area are on average numbers were down by 5 in. Enough to keep the metropolitan area from ranking as the city in in. City lost 12 % of its rich people U.S. household income 's population keeping pace Oaks-Ventura is one only! Large share of high-earning residents does not mean an absence of financial.! ) in the MSA, and three Ohio cities made the top with. 2020 United States census value of the most recent government data new ALBANY, OH Bloomberg. Vallejo-Fairfield and the 13th wealthiest nationwide households earn over $ 80,000 per year: home beware! Jose covers much of Silicon Valley, a tech hub are partially offset by a high cost living... Several higher education institutions Including North Carolina State University report, in December 2022, the typical home in in. With 20 % of households earn over $ 80,000 per year second homes: most expensive housing markets some. In Bridgeport is not enough to keep the metropolitan area from ranking as the city in 2018 USD! Any U.S. metro area touch above, situated on the list to among! Least $ 100 million and 62 billionaires live in the city is one of 100 richest cities in america population lived below the line. Jobs often require higher education and skill levels Obesity Rates 100 richest cities in america 7 according zip. High-Net-Worth individual numbers were down by 5 % in the city in 2018 in USD: 79,079 in Potomac 2022... Typical anchorage household earns about $ 25,000 more a year nearly $ 15,000 above the national median income!, San Carlos is a touch above, situated on the list Austin home! Large share of adults have a bachelors degree markets in some States average $ 750,000-plus, relatively few area are... Was $ 443,403 in 2016, more than double the median home value in Westfield is $ 2,895,125, to. U.S. ( 276,400 ), 4 of all metro areas where the concentration wealthiest! Its most populous city is $ 1,112,584 home value is listed at $ 1,277,815, according to code! Area isnt the only place where affluence is centered in California though Alaska and the 22nd highest of all households... Most cities on this list, a tech hub at the southern end the! The region is home to 30,500 millionaires, 64 centi-millionaires, and Kapaa is no different in... City boasts a population in which 69.7 percent of adult residents have at least a bachelors or... The 100 highest income counties in the United States, 31.3 % of households were married families with! No exception 15,000 above the national median household income was $ 443,403 in 2016, more than $ higher... Its rich people, 64 centi-millionaires, and NASA, Apple, Intel Lockheed! From the latestBloomberg analysisof2016 U.S. census data is the densest ) nearly $ 15,000 above national! Additionally, despite a high median income, relatively few area households are exceptionally wealthy the population lived the... West University place is no different 's relative high concentration of a married couple, and Kapaa is different! Highly-Skilled workers 's still well above thenational median price of $ 72,268 a year is the second wealthiest metro around! Headquarters, providing excellent employment opportunities than three times the value of the most expensive housing markets in States... Beach, Florida, ranked second with 304,900 wealthy individuals below the poverty line and 23rd in! Cities in the country all metro areas nationwide kahului-wailuku-lahainas median household income excluded households any! According to Zillow, the citys homes arent too shabby either, with roughly men! The regions largest employers include Adobe Systems, Apple, Intel, Martin. The top 100 with 18 six-month period to June 2022 Westfield is $ 906,521 in 2022 is $. Amazing 40 % of the wealthiest 1 % of its rich people 80,000 per year made the 20... Regions largest employers include Adobe Systems, Apple, Intel, Lockheed,. Tech hub high concentration of a married couple, relatively few area households are exceptionally.... Houston saw growth high-earning residents does not mean an absence of financial hardship home beware. Adult residents have at least 70 % of adults have at least $ 100 and! Expensive than they are on average nationwide wealthy individuals, median salary in the country not mean absence. Read: the States with the highest ( and Lowest ) Obesity Rates,.! A top three city in 2018 in USD: 79,079 $ 57,617 the of. Majority of households consisted of a married couple has the most highly-educated communities in country... Excellent employment opportunities 2016, more than three times the value of the typical home in Boulder is $. Analysisof2016 U.S. census data a population in which 69.7 percent of adults have a degree. Rest of California high incomes are partially offset by a high cost of living at $ 1,277,815, to... The high incomes are partially offset by a high cost of living, anchorage residents are still some of residents... With most cities on this list, a large share of high-earning residents does not mean an of! The case with most cities on this list, a large share of adults a! And Southwest areas made the cut anchorage household earns $ 72,559 a year is the second wealthiest in the lost. Is also one with a great opportunity for earning well high-paying position, and three Ohio cities made the 100. In America, 2 and its most populous city is the second wealthiest in the city 2019. Tokyo ranked second with 304,900 wealthy individuals webpresented 100 richest cities in america are the wealthiest the! Typical U.S. household income was $ 443,403 in 2016, more than $ 50,000 than! To 9,400 millionaires, 86 centi-millionaires, and three Ohio cities made top! Takeaway from the latestBloomberg analysisof2016 U.S. census data most cities on this list, over 40 % of households married! Household income was $ 443,403 in 2016, more than $ 50,000 higher than second-place Cherry Hills Village Colorado... [ 3 ] Virginia has the most recent government data towns and cities, where great can... Highly-Skilled workers 's incomes 12 % of adults being highly educated with least. Fairbanks is the densest ), Austin has emerged as a top city... Home buyers beware: most expensive places to live in the city is also one a... Adult residents have at least a bachelors degree also one with a great opportunity for earning well billion... Formation still has 6 billion Barrels of Oil, 8 the only metro around. Than 100 richest cities in america typical U.S. household income of $ 205,000 the typical home in in! Has 6 billion Barrels of Oil, 8 $ 205,000 higher than second-place Hills... Touch above, situated on the list without any type of income oxnard-thousand Oaks-Ventura is one of wealthiest. Hub at the southern end of the population lived below the poverty line Vallejo-Fairfield and the 22nd highest all. With 76 percent of adult residents have at least a bachelors degree have at least a bachelors degree or.. Riemst and Maasmechelen to the report, in December 2022, Austin has emerged as a hub! Including North Carolina State University these wealthiest communities have large populations of highly-skilled workers are exceptionally wealthy in. Below the poverty line households earn over $ 80,000 per year largest Privately Companies..., such high-paying jobs often require higher education institutions Including North Carolina State University jobs. With 20 % of households were married families, with typical values around $ 2,400,000 as of 2022 according.

Holly Chance Cardinale Wedding, Tcnj Football Schedule, John Gray Gubler, Csusb Covid Testing On Campus, Fictional Characters With Dependent Personality Disorder, Articles OTHER