This rich little enclave is just outside of Houston. None of the richest cities in the country are particularly large. 2); Hillsborough, California (No. Los Altos Hills is a Silicon Valley town. It's known for drawing wealthy Wall Street types. Rumson is a waterfront New Jersey town that boasts Jon Bon Jovi as a resident. Every one of the top 20 towns have households that bring in at least $300,000 a year. All these cities have at least 1,000 households. Would you have guessed Detroit, Cleveland and Hartford, Connecticut? RANKED: These Are The 50 Richest Towns To Live In The United States, 2020. Population: 188,387Rank Last Year: 4 (Up 1)Median Income: $128,761 (5th best)Unemployment Rate: 3.7% (25th best)More on Frisco: Real Estate|Crime|Cost Of Living. Best known for being home to Trump's Mar-a-Lago Club, Palm Beach is a beautiful beach town situated on the southeastern tip of Florida. Here, the average income per household is much more than you and I would earn every year. This Fairfield County, Connecticut, town lives up to its name: It was founded in 1641. Higher levels of education are correlated with higher incomes, and Americas 50 richest cities have significantly more educated populations than the population nationwide. The HomeSnacks money train takes its next stop in Olathe, Kansas. California Has 12 Of The 50 Richest Towns In America: Bloomberg - Burlingame-Hillsborough, CA - A Bloomberg report identified the 50 richest towns in This Westchester County suburb of New York City is the richest town on the East coast. Median household income is an important indicator for understanding the level of wealth in places throughout the country. #9. You may opt-out by. Today, the median home value in this New York City suburb is over $1.4 million, according to Zillow. It's sorta like Dynasty. Paradise Valley takes sixth-place for the small town with the most households, totaling 5,239. Why Is Marie Antoinette Everywhere Again? 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. She writes for a variety of publications, primarily covering womens interest topics. If you're a kid here, your allowance is probably more than your teacher's salary. Happiness isn't the metric we're measuring, today, however. Arizona: Paradise Valley. 3. ATHERTON, CA - JULY 12: A mansion style home is seen July 12, 2005 in Atherton, California. 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. Bronxville is 15 miles north of New York City, also in Westchester County. Just about everyone in Kansas knows these people are loaded. So, while your little small town might be rollin' in the dough, we're only looking at the most populated areas. Atherton isnt the only town touting notable wealth, though. He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move. Wolf Just click a pin (by state) and scroll down to see the results rendered in alphabetical order in the chart beneath the map. Many renowned architects have also designed homes and churches in Winnetka, including George Washington Maher, Howard Van Doren Shaw, Solon S. Beman, and David Adler. Top editors give you the stories you want delivered right to your inbox each weekday. Along those lines, Sunnyvale sits in a good neighborhood. Well, good schools and plenty of amenities, of course. Keep reading to learn more about the top 20 richest towns in America. Looking at the poorest cities in the U.S., there are certainly some geographic patterns that emerge. Better-educated workers tend to make more money. We looked at the most recent census data to determine where the 1% call home. Several well-known actors, such as Charlton Heston, Rock Hudson, Virginia Madsen, and Chris ODonnell, have called the Chicago suburb home. Well, that's probably because the students have better cars than their teachers. 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? It's also the hometown of Claire Underwood, the fictional president of the United States in "House of Cards.". The typical American household income was $57,652 in 2017, more than $6,000 higher than 2009s median income of $51,425. This is where a lot of the rich and fancy residents live with their families. You just have to measure how much money people make, and who has the best jobs in every city. Silicon Valley area towns take three of the top five spots, Texas gets two more towns on Bloomberg 100 Richest Places list. 2015-2023 Chasing Chains, LLC. Harwood Court in Scarsdale, Westchester county, New York State, USA getty. Scarsdale, New York Some cities have some obvious billionaires that come to mind. It might help to see how much your community received. Do people work hard in this city? Then, U.S. Senate Leader Mitch McConnell (R-KY) refused to call the bill. Phillip Roths first book, Goodbye, Columbus, was largely set in Short Hills. And as demographics change, so do patterns of wealth. if(window.innerWidth<700){ezoicSiteSpeed(jQuery(document),String(/documentReady/).substring(1).slice(0,-1),String(/jQuery-document-dot-ready/).substring(1).slice(0,-1),function($){$("#skip_expand").html("(Expand+)");$("#toc ul").css("display","none");$("#skip_expand").on("click",function(){$("#toc ul").toggle()});$("#toc h3").on("click",function(){$("#toc ul").toggle()});});}. Any more than that, and you're not. Atherton, CA (income: $525,324/ bailout: $3.8 million) With a median home price of $7.5 million, Atherton is home to tech billionaires and sports stars. But this comes at a cost. Today, its largest beach, Tods Point, is public property. And while it might be easy to scoff at the success of folks here, you have to remember, just about everyone here worked their butts off to get to where they are. Old Greenwich is a coastal town in Connecticut, an hour outside of New York City. The economy and markets are "under surveillance". Anything above that is denoted as $250,000+. On the other hand, it tracks median incomes down to $2,500, with those below bellowing denoted -$2,500. Mean household incomes are not capped. Rich people can spend all their money and then they're broke. Editor's Note: We updated this article for 2022. The community has at least nine country clubs. Famous residents include Daniel Och, the founder of the hedge fund Och-Ziff Capital Management. Chappaqua Daily Voice serves Chappaqua, NY. The top ten richest cities in the United States are: Atherton, CA ($450,696) Scarsdale, NY ($417,335) Cherry Hills Village, CO ($394,259) Los Altos Hills, CA ($386,174) Most of the well to do here frequent Whole Foods, Starbucks, Core Power or LuLuLemon. Web^ Including the Belgian municipalities of Lanaken, Riemst and Maasmechelen to the west and Vis to the south. Scarsdale is 35 minutes away from New York City, and yet another town on this list that's in Westchester County. When you think of wealthy areas in California, some people may think Beverly Hills or Sunnyvale. Atherton is a small neighborhood of about 7,000 people and it is located in the heart of Silicon Valley. While that might seem high, for an entire city, it's really low. 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. This Santa Clara County, California, town has maintained a rural character that evokes its agricultural past in spite of its recent infusion of Silicon Valley money. 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. There are six cities in where the median household income is less than $20,000: (1) Livingston, Alabama; (2) Hawaiian Ocean View, Hawaii; (3) Homer, Most of the neighborhoods featured on the list are ritzy suburbs of major cities. The typical Fairbanks household earns $77,328 a year, nearly The very best groundskeepers and gated-subdivision on-call security guards around. Just about all households who live here earn well over $100,000 a year annually. 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. University Park is a suburb of Dallas. There are very little liquor stores or smoke shops. We continue our money train tour of the state as we stop in the city of Overland Park, Kansas. The wealthiest 1% of Americans hold an amazing 40% of all wealth. Notable residents include CEOs, actors, pro sports players, and authors. To even make the top 100, towns need an average household income of more than $220,000. Where do you go if you want to see the richest people in the nation? 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. How to Geta Free Flight to Hong Kong in 500,000 Airline Ticket Giveaway, Apple Suppliers Are Racing to Exit China, AirPods Maker Says, Microsoft Expands Game Pass as Regulators Fret Over Activision Deal, S&P 500 Wraps Up Turbulent Month Near Lows of Day: Markets Wrap, Cash Is Paying More Than Traditional Stock-Bond Portfolio. Youll recognize some of the top people, like Bill Gates (Seattle) and Phil Knight Boroughs, census designated places, cities, towns, and villages were all considered. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. Youll need that substantial a salary to afford to buy your way into Atherton, the cheapest current listing is a 2,270-square-foot home for $1.7 million. Here are the top 10 richest places in the U.S., according to Bloomberg: 1. Here's the top 34 1. Atherton isnt the only rich suburb to receive bailouts from American taxpayers. 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