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. Median household income: $72,537 (state: $55,425), Poverty rate: 10.6% (state: 12.5%), Median home value: $218,800 (state: $184,500). That helps explain its inclusion on the list of small towns with high concentrations of millionaires. Oklahoma has one of the lower median household incomes among states, at $51,424. 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%. 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. Driving time: 6 hours, 14 minutes. And while it helps to be a millionaire to live in Juneau, it's increasingly difficult to become one. Atherton, CA- Average household income - $450,696. Upper Saddle River Borough in Bergen County - Median Income of $171,747. The Kapaa micropolitan area includes the entirety of Kauai, Hawaii's fourth-largest island. The allures of the Key West area are well known. Happily, for all of Elko's residents, Nevada is a no-income-tax haven, and one of Kiplinger's top 10 most tax-friendly states. The North Star State hits hard with income tax and property taxes are on the high side, too. tech stocks Inverness is a suburb located some 33 miles northwest of downtown Chicago in Cook County. The Boston suburb of Winchester has a median household income of nearly $160,000 a year -- more than double the statewide median of $77,378, which itself is one of the highest among states. Median household income: $108,299 (state: $55,679), Median home value: $349,500 (state: $166,800). But the area offers a wealth of outdoor fun year-round. Los Angeles, Chicago and Houston round out the top five . Unfortunately for millionaires and folks of lesser means, New York State taxes take a bite. Who said big money is smart? Nearly 60% of Highland residents 25 and older hold at least a bachelor's degree, as compared to 33.3% of Utah adults. Median household income: $97,143 (state: $57,598), Median home value: $225,400 (state: $242,400). By Jeff Reeves With a median home value of $316,500, the typical home in the town has a median value more than double the median home value across the state as a whole. 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. 11 March 2007: The tables provide GDP figures for cities and their surrounding urban areas in 2020. Top 100 cities with highest median household income Previous toplist Next toplist . 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. Unfortunately, some of the other state and local taxes aren't quite so taxpayer-friendly. Back out things such as the value of real estate (the bulk of most folks' wealth is tied up in their homes), employer-sponsored retirement plans and business partnerships, and only 6.7% of American households qualify as millionaires. The Summit Park micro area, which also includes Park City, is a short drive from Salt Lake City and has the second highest concentration of millionaire households of any small town in the U.S. That makes for easy access to the White Mountain National Forest about 30 miles to the north. A Bloomberg report is out on the 100 richest towns in America, and four towns in Connecticut made the list. The typical household in Vermont earns about $60,000 a year, in line with the national median household income. Disclosure: Dan does not trade stocks or other securities. Find the full list of America's 100 Richest Places on Bloomberg. Batten the hatches for continued market tumult without eating high fees with these six Vanguard ETFs and mutual funds. The typical household in Spring Creek earns $97,143 a year, far more than both the state median household income of $57,598 and the national median of $60,293. Median household income: $141,533 (state: $65,627), Poverty rate: 1.8% (state: 11.9%), Median home value: $444,400 (state: $244,700). As residents like to point out, few towns have a groomed ski area right in their downtown that is accessible to all. Destrehan is a Census-designated place with 11,000 residents, located about 20 miles west of downtown New Orleans. Median household income: $92,052 (state: $47,942), Poverty rate: 3.6% (state: 19.4%), Median home value: $234,500 (state: $157,800). Looking to buy a car? The aforementioned Park City, which hosts Robert Redford's Sundance Film Festival, also boasts several world-class ski resorts. The typical household in the area earns $88,199 a year, a higher median income than in every other small city or town in the state. All Rights Reserved. Five-star skiing at the Deer Valley and Sundance ski resorts is roughly a half-hour away. Greenville is a relatively short commute to New York City, providing its residents access to the many high-paying jobs. With an average household income of more than $525,000, it became the first and so far only community to . Most households in the town earn more than $150,000 annually, and more than one-third earn over $200,000. Median household income: $73,015 (state: $45,726), Poverty rate: 8.8% (state: 17.6%), Median home value: $170,700 (state: $123,300). The area's population grew by 34.5% from 2013 to 2018, compared to the U.S. population growth of 3.6%. Median household income: $71,111 (state: $53,089), Poverty rate: 3.6% (state: 13.8%), Median home value: $364,600 (state: $192,300). All four have average incomes upwards of $400,000. The town is centered by Hidden Valley Lake. 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. But for more modest incomes, the impact is far milder, and property taxes are low (opens in new tab). 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. By comparison, the median household income across Pennsylvania is $59,445. Laconia, New Hampshire. In Essex Junction, the wealthiest small city or town in the state, the median household income is just $75,439. While many of the small cities and towns on this list have median home values of well over half a million dollars, in Brandon, most homes are worth less than $178,000. 12. Scarsdale, NYsales price of $1.2 million, Scarsdale is the richest town on the East Coast. Most households in the area earn over $170,000 a year -- more than triple the median annual household income statewide of $55,000. 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. Sure, the loss of the federal personal exemption due to the new tax law means that many Utahns, particularly those with multiple dependents, will pay higher state taxes than before. This is followed by Los Angeles with 52 billionaires, and San Francisco and Chicago, who each have 44 billionaires. Median household income: $210,511 (state: $76,106), Median home value: $1,461,100 (state: $272,700). [2] Sree Venkateswara Swamy Temple. Bloomberg created and ordered this list by annual household income. Click to skip ahead and jump to the 10 richest cities in the United States. 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. Hidden Valley is a private residential community on the eastern edge of Indiana, just across the Ohio border from Cincinnati. In fact, according to the Organization for Economic Co-operation and Development, the U.S. ranks 10th in the number of hours worked per country (Mexico, C Median household income: $170,952 (state: $53,560), Poverty rate: 1.3% (state: 14.2%), Median home value: $629,200 (state: $151,600). 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). Millionaires building second homes in the Steamboat Springs area have done more to push up house prices than wages. 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%. Residents seeking a break from quaint New England living can drive to Boston in less than 90 minutes. For the fourth straight year, Atherton topped Bloomberg's Richest Places annual index. Austin, Texas. People with higher educational attainment are more likely to hold higher-paying jobs. All of the wealthiest neighborhoods in America on Bloomberg's Richest Places Index have average household incomes over $300,000. The Claremont-Lebanon micro area abuts Laconia and has plenty of its own attractions, as well. The median annual household income is over $228,000 -- more than triple that of the state. The typical household earns $176,528 a year, more than twice the $68,411 state median household income and nearly three times the $60,293 national figure. So it should come as no surprise that Breckenridge would make the cut. The Mount Washington weather station, Loudoun County is the richest county in the USA, with an estimated average household income of $ 117,876. Median household income: $123,220 (state: $48,392), Poverty rate: 11.5% (state: 17.9%), Median home value: $328,000 (state: $135,300). Median household income: $106,285 (state: $54,325), Poverty rate: 3.7% (state: 14.1%), Median home value: $196,800 (state: $135,400). Great Falls is the richest town in Virginia and one of the richest in the entire country. Travilah is a wealthy suburb situated some 15 miles up the Potomac River from downtown Washington D.C. With a median household income of $235,669 a year, Travilah is the wealthiest place with a population between 1,000 and 25,000 in both Maryland and the United States. Pound Ridge, NY (pop. Published 21 December 22. small cap stocks Median household income: $92,688 (state: $74,057), Poverty rate: 4.3% (state: 7.9%), Median home value: $358,300 (state: $252,800). The wealthiest town in the state, Destrehan's median household income of $92,052 is nearly double the median income across Louisiana of $47,942. Known for high-income levels and a low unemployment rate, Luxembourg is the richest country in the world. With its covered bridges, forests and rivers, the scenery is gorgeous. Median Home Value: $288,200. It's a good thing, too, considering the high price of homes in the area. Today it has some of the most expensive homes in North Carolina. One of the primary determinants of income is education. Major employers in the area include Amazon, Boeing, and Microsoft. The typical Topsham household earns $72,537 a year, the most of any small city or town in the state and more than the statewide median household income of $55,425. Known as the Garden Island, Kauai is one of the state's less developed locales. Median household income: $153,417 (state: $53,267), Poverty rate: 5.5% (state: 14.8%), Median home value: $919,800 (state: $196,800). August 25, 2020. 30.0. Heber boasts world-class recreational activities for the wealthy and regular Joes alike. In Darien, a small Census-designated place in southwest Connecticut within commuting distance of New York City, the typical household earns $210,511. Large concentrations of high-net-worth households are found in surprising locales across the U.S. The wealthiest 1% of Americans hold an amazing 40% of all wealth. A far higher than average share of workers in Buckner work as health diagnosing and treating practitioners, which are generally high paying jobs. 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 . Sponsored Content (opens in new tab) Previous Next 2/25 (Image credit: Getty Images) 24. In many cases, the chef is why someone visits a restaurant. Rank City Income; 1. "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. We added hundreds of new lists - see our top 101 city lists. 5,104) over $200,000: 2. While incomes and home values often correlate, housing in Spring Creek is more affordable than in much of Nevada. Median household income: $222,115 (state: $65,323), Poverty rate: 3.3% (state: 14.6%), Median home value: $954,400 (state: $302,200). Median household income: $159,226 (state: $68,811), Poverty rate: 5.5% (state: 10.9%), Median home value: $694,900 (state: $313,600). 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. Loudoun County is located in the Commonwealth Virginia, with a population of 375,000 people. While this is the record at the beginning of 2020, his salary will surely increase by the end of this year. 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. 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. Here's how Big Daddy Unlimited's subscription services . Advertisement - Continue Reading Below. Complete list click for interactive table. 2); Hillsborough, California (No. More than half of the 100 richest cities in the United States were in the New York City area or California. so you don't miss any videos: http://goo.gl/0bsAjO Over the past year, housing . Median household income: $80,135. Of all adults in the area, 38% have a bachelor's degree or higher, compared to 33.3% of adults statewide. Realtor. This level of education qualifies Genesee residents for many of the high-paying jobs in the Denver area. It is worth noting that the data used for this story represents a time before the coronavirus pandemic. For the fourth straight year, Atherton toppedBloomberg'sRichestPlaces annual index. In the last five years, the number of people living there jumped by 33.9%. 1 city on the list is . Antigua and Barbuda Citizenship by Investment Program (CIP), St. Lucia CIP: Saint Lucia Citizenship By Investment Program, Vanuatu CIP: Vanuatu Citizenship By Investment Program, Montenegro Citizenship By Investment Program (CIP), Moldova CIP: Moldova Citizenship By Investment Program, Turkey CIP: Turkey Citizenship By Investment Program, Portugal Golden Visa Program. Water views, rolling hills and a verdant landscape (at least in the warmer months) make for many an idyllic scene. The report based its . 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. Hard work is embedded in American culture. In others, a particular industry drives local wealth. Oak Harbor itself plays host to nearby Naval Air Station Whidbey Island. If your ideal summer retreat is a lakeside getaway, you could hardly do better than Laconia. The largest companies in the area include government tech contractor Booz Allen Hamilton, Inova Health System, and government-sponsored finance giant Freddie Mac. The Phoenix suburb has a median home value of just over $1.5 million -- by far the highest of any small city or town in the state. 10. For each location in the U.S., Bloomberg evaluated inflation-adjusted household income data from the past 12 months, with a minimum of 2,000 households, and ranked each by average household income. Adjusted median household income: $103,100. 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. Each has an average household income of over $400,000. He remains on the Walmart board of directors, and is also the CEO of his own company, Arvest Bank. 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? 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). What had fueled this remarkable growth was oil, specifically the discovery of the Glenn Pool oil field in 1905. Feb 25, 2020, 3:05pm Updated on Feb 25, 2020. 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. 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. Reply. As is often the case in wealthy communities, Fairway has high real estate values. The typical household earns $127,351 a year, more than double the $59,393 the typical Oregon household earns. The typical area home is worth about $1.5 million.