The 150 richest cities in the world by GDP in 2020. Oak Harbor itself plays host to nearby Naval Air Station Whidbey Island. 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. The typical Clarkson Valley household earns about $171,000 a year, more than three times the income the typical Missouri household earns. Buzz60's Tony Spitz has the details. Oklahoma has one of the lower median household incomes among states, at $51,424. Incomes in the town are so high likely partly because of the residents' high level of education -- more than two-thirds of Highland Lakes residents 25 and over hold at least a bachelor's degree, one of the larger shares of any small city or town in Alabama. 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. The sun-kissed island and nearby neighbors offer a tropical paradise in the good ol' U.S. of A. On the plus side, Massachusetts' reputation as a high-tax state is overblown (opens in new tab). 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). One whistleblower estimated it at $200 billion. Hefty income taxes and high property taxes make the Empire State one of Kiplinger's 10 least tax-friendly states. Run, swim or take exercise classes at the YMCA Community Center. 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%. Edgeworth was originally developed in the late 19th century as a haven for managers and professionals wanting to escape the pollution of industrialized Pittsburgh, and today it has some of the most expensive homes in the state. Glencoe, IL. Located less than 25 miles west of St. Louis, Clarkson Valley residents have access to employment opportunities in the nearby city, many of them high paying. And just when Alaska could see an end to the downturn, COVID-19 hammered the energy sector. 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). Top 100 cities with highest median household income Previous toplist Next toplist . Nevin Rudloff October 8, 2020 . This unincorporated town in Essex County was founded by the inventor of the modern roller shade in the 1870s. 65 Best Dividend Stocks You Can Count On in 2020. And thanks to abundant revenue that the state collects from oil and mineral rights, Wyoming millionaires shoulder one of the lowest tax burdens in the U.S. For those living in Idaho, the tax situation is a bit more mixed (opens in new tab). Median household income: $161,641 (state: $59,445), Poverty rate: 5.8% (state: 12.8%), Median home value: $602,000 (state: $174,100). Within five years, Tulsa had grown from a rural crossroads town in the former Indian Territory into a boomtown with more than All 30 Dow Stocks Ranked: The Pros Weigh In. Median household income: $174,750 (state: $54,938), Median home value: $856,700 (state: $146,200). Its closest competitor, the quaint Hamptons village of Sagaponack, had a median price that, at $3.9 million, was about half of Atherton's. Keep reading for a closer look at the 27 most expensive . Data on household incomes and home values come from the U.S. Census Bureau. Nearly 60% of Highland residents 25 and older hold at least a bachelor's degree, as compared to 33.3% of Utah adults. If you need access to specialists not available at Northfield Hospital & Clinics, the Mayo Clinic is about 60 miles away, in Rochester. Published 23 January 23. There are obviously more than a few high rollers in this area as the median household income is $121,149 and housing isn't much better at a median cost of $479,700. Boating, fishing, snorkeling, scuba diving and lazing on the beach are just some of Key West's draws. These commodity ETFs offer investors exposure to the diverse asset class, which is a helpful hedge against inflation. Here's how Big Daddy Unlimited's subscription services . This helps qualify Highland residents for the many high paying jobs available in the area, such as those in higher education, health care, and tech. The city continues to attract some very educated people; about 44% of adults in the area have at least Bachelor's Degrees. Great Falls is the richest town in Virginia and one of the richest in the entire country. . Median household income: $92,052 (state: $47,942), Poverty rate: 3.6% (state: 19.4%), Median home value: $234,500 (state: $157,800). 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. In Tega Cay, less than 1% of residents live below the poverty line. For the fourth year in a row, the suburb of Atherton, California topped Bloomberg's annual Richest Places Index. Median household income: $73,015 (state: $45,726), Poverty rate: 8.8% (state: 17.6%), Median home value: $170,700 (state: $123,300). An 85-year Harvard study found the No. Dalton Gardens is north of Coeur d'Alene, Idaho, and across the border from Spokane, Washington, giving its residents access to two major population centers where they can find employment. 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. The 2014 slump in energy prices touched off the state's worst recession in three decades. Sign up here, Median household income: $203,194 (state: $54,533), Poverty rate: 2.5% (state: 14.5%), Median home value: $494,600 (state: $140,000). Median household income: $123,564 (state: $51,015), Median home value: $316,500 (state: $154,800). The typical household in Vermont earns about $60,000 a year, in line with the national median household income. The population of Horace has grown rapidly over the past several decades, from 276 residents in 1970 to 2,660 today. One of the primary determinants of income is education. One of the main reasons for this is likely a high level of education. The Evergreen State makes the cut because it doesn't have an income tax. Large concentrations of high-net-worth households are found in surprising locales across the U.S. Median household income: $80,135. The county seat of Loudoun is in Leesburg, where most administration activities take place. 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. Top 5 fastest-growing U.S. cities for millionaires. Fully 8.7% of Heber's 9,567 households have at least $1 million in investable assets. 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. 100. worldwide. Centerton is the fastest growing small city or town in Arkansas and one of the fastest growing places in the entire country. He remains on the Walmart board of directors, and is also the CEO of his own company, Arvest Bank. 10. Latest checked 2011 [1] The Church of Jesus Christ of Latter-day Saints. West Virginia has the lowest bachelor's degree attainment rate of any state, at 20.3%. Spring Creek is a small suburb of approximately 14,000 residents in Elko County in northeast Nevada. 1 Bethany ($121,149) This town is the richest in the entire state of Oregon and it even has a larger population of 20,646. 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. (See below for yet even more examples.) Over the last five years, the number of people living Ocean Pointe jumped by 44%. The 25 Best Low-Fee Mutual Funds You Can Buy. The median household income in Edgeworth is $161,641, making it the wealthiest municipality in Pennsylvania. It also helps that New Hampshire is a relatively tax-friendly state (opens in new tab). 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.". According to Niche, the national percentage is 20%. Weddington is a small town of approximately 11,000 residents located 16 miles south of downtown Charlotte. Median household income: $153,417 (state: $53,267), Poverty rate: 5.5% (state: 14.8%), Median home value: $919,800 (state: $196,800). so you don't miss any videos: http://goo.gl/0bsAjO Over the past year, housing . Reply. 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. Median household income: $75,441 (state: $62,268), Poverty rate: 11% (state: 11.1%), Median home value: $217,400 (state: $213,300). Millionaire households: 1,840; 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. High-end restaurants, plush lodges and spas are just some of the ways that millionaires can pamper themselves. Lexington has become one of the wealthiest cities in America, with the typical home costing $1,361,431 in 2022, according to Zillow. Disclosure: Dan does not trade stocks or other securities. Source: Bloomberg. 5,104) over $200,000: 2. It is one of the most educated towns in the state, with 48% of the population holding a bachelor's degree. Published 24 January 23. recession Even in one of the wealthiest states, Greenville stands out as especially affluent. All four have average incomes upwards of $400,000. The typical household in Avondale Estates earns $108,299 a year, nearly twice the state median income of $55,679 and far more than the national figure of $60,293. Less Diverse. In others, a particular industry drives local wealth. Much of Alaska's wealth is tied to the energy business. . Median household income: $117,300 (state: $59,209), Poverty rate: 3.5% (state: 11.9%), Median home value: $373,200 (state: $173,600). Port Royal, Naples, Florida. Access to these two hubs for high-paying jobs is likely a major contributing factor in Belvedere's high incomes -- the city has a median household income of over $223,000 -- the highest in California and one of the highest in the nation. Horace is a small bedroom community located roughly 10 miles southwest of downtown Fargo. The median annual household income is over $228,000 -- more than triple that of the state. Published 6 January 23. real estate Hidden Valley is a private residential community on the eastern edge of Indiana, just across the Ohio border from Cincinnati. Darien is the wealthiest small municipality in one of the wealthiest states. Median household income: $223,182 (state: $71,228), Poverty rate: 2.3% (state: 14.3%), Median home value: $2,000,000+ (state: $475,900). After the analysis was over, we crowned Cary as the richest city in America for 2022. It's a small area with a small population but a large percentage of highly educated and highly trained engineers and scientists. Atherton is a small neighborhood of about 7,000 people and it is located in the heart of . 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. the Reasons To Do It, Making A Restaurant Thrive Finding The Best Chef, Critical Mistakes to Avoid in Strategic Communication, Overcoming the Challenges of Launching a Unique Business, Inclusion and Diversity at CEOWORLD magazine. Buckner is a Census-designated place located about 20 miles northeast of Louisville. For the fourth straight year, Atherton topped Bloomberg's Richest Places annual index. Tega Cay, South Carolina, is located on a peninsula along Lake Wylie, just south of the border with North Carolina. Located in Washington County, Arkansas, the small town of Goshen is considered to be the wealthiest in the state. This is followed by Los Angeles with 52 billionaires, and San Francisco and Chicago, who each have 44 billionaires. List of Top 10 Highest Paid News Anchors in India. 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. What started as a small farming community in the 1870s now has some the most expensive homes in North Dakota. While incomes and home values often correlate, housing in Spring Creek is more affordable than in much of Nevada. The high incomes in the community are due in part to the presence of major companies. It became the first and only neighborhood in America to top the half-million-dollar mark. Tourism is a key contributor to the local economy, thanks to the nearby New Hampshire International Speedway, as is the state's increasing emergence as a center of high-tech manufacturing. Water views, rolling hills and a verdant landscape (at least in the warmer months) make for many an idyllic scene. 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. New! The Aloha State is known for its high cost of living and a mixed picture when it comes to taxes (opens in new tab). The city of Williston expanded rapidly during the first half of the 2010s, driven by the explosion in shale oil drilling that once gave North Dakota the fastest-growing economy in the nation. Here are the 20 richest counties in the U.S. and the average household incomes of each, according to DailyMail.com's report. 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. Warren Buffett Stocks Ranked: The Berkshire Hathaway Portfolio. Another appealing aspect of the area for millionaires: It's a straight shot down Interstate 80 to reach Sacramento, the state capital, and San Francisco. Check out the latest list of American small towns teeming with well-to-dos. Places like Dickinson, located in the oil-rich Bakken Formation, were mining millionaires. As is often the case in wealthy communities, Fairway has high real estate values. (adsbygoogle = window.adsbygoogle || []).push({}); With an average household income of more than $525,000, Atherton, California is the richest town in the United States, thats according to a Bloomberg report. It is a short drive from Charlotte. Fly fishing, hiking and whitewater rafting draw folks to town in the summer months. 24/7 Wall Street is a USA TODAY content partner offering financial news and commentary. Atherton, CA- Average household income - $450,696. Bloomberg released its annual list of the richest town . Advertisement - Continue Reading Below. Summary: The Wealthiest Cities in America For 2022. There's been a lot of panic surrounding the mass exodus of wealthy residents from New . 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. Residents seeking a break from quaint New England living can drive to Boston in less than 90 minutes. Rather, he dollar-cost averages into cheap funds and index funds and holds them forever in tax-advantaged accounts. 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 downside? 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. The area's population grew by 34.5% from 2013 to 2018, compared to the U.S. population growth of 3.6%. Ocean Pointe is a Census-designated place on the island of Oahu within commuting distance of Honolulu. Honolulu in Hawaii is one of the 100 Richest Cities in America #8. The Federal Reserve has been aggressive in its rate hiking, and it's likely not done yet. His wealth has rocketed to $10.9 billion from $4.6 billion in 2020. But the area offers a wealth of outdoor fun year-round. Looking to buy a car? 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. By Kyle Woodley Demand for oil is gradually coming back, but it is by no means taking off. Atherton is a small neighborhood of about 7,000 people and it is located in the heart of Silicon Valley. Median household income: $97,143 (state: $57,598), Median home value: $225,400 (state: $242,400). Hampton is a small seaside Census-designated place of approximately 9,000 residents in Rockingham County. Cumberland Hill is a small Census-designated place of about 8,000 residents located in northern Rhode Island. 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. Unfortunately, some of the other state and local taxes aren't quite so taxpayer-friendly. Dan holds a bachelor's degree from Oberlin College and a master's degree from Columbia University. Median household income: $106,288 (state: $48,059), Median home value: $295,600 (state: $166,800). The Claremont-Lebanon micro area abuts Laconia and has plenty of its own attractions, as well. Median household income: $159,536 (state: $77,378), Poverty rate: 2.5% (state: 10.8%), Median home value: $893,700 (state: $366,800). 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. Subscribe and turn on notifications (?) The appeal of Key West to millionaires and heck, everyone is pretty self-evident. This abandoned high school was converted into a 31-unit apartment building. The Kapaa micropolitan area includes the entirety of Kauai, Hawaii's fourth-largest island. Median household income: $176,528 (state: $68,411), Poverty rate: 0.3% (state: 10.1%), Median home value: $619,000 (state: $211,800). The typical actual cost that students . More than 9% of Williston's households are considered to have millionaire status, but the absolute number of millionaire households actually declined from 2019. All of the wealthiest neighborhoods in America on Bloomberg's Richest Places Index have average household incomes over $300,000. tech stocks 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. Bethany is the most affluent neighborhood in Oregon. Higher prices have been a major headache for investors, but these best inflation-proof stocks could help ease the impact. 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. Montana City is also home to some of the most expensive homes in the state. 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. Pinecrest, Florida, is located a few miles south of Miami, just inland from Biscayne Bay. . #2. Top employers in Elko County include the Elko County School District and West Wendover Casinos. 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.