The bottom 90% hold less than 25% of the total wealth. Raleigh, N.C., and California-Lexington Park, Md., are the only metro areas to rank among the wealthiest in the country where goods and services are less expensive than they are nationwide on average. 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. Median salary in the city in 2019 in USD: 85,152, Median salary in the city in 2018 in USD: 85,152. (That said, the latest five-year ACS accounts for years 20142018. ALSO READ: 9 Oil and Gas Stocks Analysts Want You to Buy Now, 5. They also have a healthy job market and a concentration of industries that tend to pay higher wages. 84% of the families in the US have less wealth than the mean for the country. Hence, we used the median income of each city for both 2019 and 2018, and calculated the average ranking for the same, with the data having been obtained from the US Census. More:Is your city's population keeping pace? The city is one of the most highly-educated communities in the country. In Winnetka, Illinois, the second wealthiest community, 88% of adults had at least a bachelors degree. Another way we looked at the data was to measure income disparity in each location. The typical household in Denver earns $71,926 a year compared to the median income of $65,685 in Colorado and the national median of $57,617. Additionally, despite a high median income, relatively few area households are exceptionally wealthy. Many major cities fell in the rankings or saw a significant reduction of ultra-wealthy people living there. A Division of NBC Universal. Homes in Orinda cost even more than properties in San Francisco, which is already one of the most expensive housing markets in the country. Median salary in the city in 2019 in USD: 80,676, Median salary in the city in 2018 in USD: 81,037. There is nearly no poverty in the borough, with an estimated 0.7% of the population living below the poverty line. 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. While that may seem quite high, its surprisingly ranked only 57th of the 1,775 cities evaluated. The borough of Ho-Ho-Kus is in central New Jersey, roughly an hours commute from Manhattan. Athertons average household income was $443,403 in 2016, more than $50,000 higher than second-place Cherry Hills Village, Colorado. Amazon, Microsoft, Facebook, and Google all are major area employers. Top 100 City Lists Top 100 cities with highest median household income Top 100 cities with highest median household income Previous toplist Next toplist New! The metropolitan area serving the district, which includes parts of Virginia, Maryland, and West Virginia, has a median household income in excess of $95,000. Income inequality is a growing problem in the United States. Thats one takeaway from the latestBloomberg analysisof2016 U.S. Census data. WebThe list of Latin Americans by net worth is based on an annual assessment of wealth and assets compiled and published by Forbes Harshad shanthilal Mehta magazine in 2023. So let's take a look at the cities where you are more than likely to be well off, rather than not, starting with number 30: Median salary in the city in 2019 in USD: 79,251, Median salary in the city in 2018 in USD: 76,653. In Scarsdale, the median home was valued at more than $1,000,000. These are the richest cities And this isn't a common theme throughout history, it has actually increased significantly over time. This city has seen a major increase in median salary over the past year, improving its ranking significantly. Every item on this page was chosen by a Veranda editor. Thanks to that influx, Austin has also become a growth market for luxury real estate, according to Henley and Partner's 2023 wealth report. 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. 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. 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. The 2022 median home value in the city is $2,895,125, according to Zillow. The typical Boulder household earns $74,615 a year compared to the $65,685 statewide median and the $57,617 median income nationwide. The town ofsix square miles is near Palo Alto, Stanford University and Menlo Park, the home of Facebook and other tech ventures. What's the best place to keep money you need to use soon? The metro areas of Washington, D.C., New York City and San Francisco's Bay Area naturally dominate the top spots. Nationwide, 31.3% of American adults have a bachelors degree or higher. Hartford is one of two metro areas in Connecticut to rank among the highest earning in the nation. ALSO READ: The 20 Largest Privately Held Companies in America, 2. Another city in Hawaii where the salary has decreased is Honolulu, which still has a quite high median income. An 85-year Harvard study found the No. Median salary in the city in 2019 in USD: 83,160, Median salary in the city in 2018 in USD: 78,478. A recent Bankrate report states that the median sale price for a home in Austin as of January 2023 was $530,000, according to Redfin data. The D.C. area is one of just eight where over 50% of adults have at least a bachelors degree. At one point or another, Dolly Parton, Taylor Swift, Keith Urban, Sheryl Crow, and Eli Manning have all called the upscale city home. Nicknamed The Insurance Capital of the World, Hartford is home to some of the largest health insurance companies by revenue, including Aetna and Cigna. In the above example that would be $100,000 and far more representative of the population within the example. An even larger gap was in higher levels of education as 71.3% of Ho-Ho-Kus' adults had a bachelors degree or greater, well more than twice the national rate of 28.8%. Some of these wealthy towns are just a short drive away from the poorest areas in the country. Virtually the entire adult population of the town had at least a high school diploma compared to 86% of adults nationwide. Laureen Mcgowan / Eyeem | Eyeem | Getty Images, How this FIRE couple retired in their 30s with $870K in Arizona, How this 39-year-old earns $26,000 a year in California. More:What's the best place to keep money you need to use soon? 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: 89,269, Median salary in the city in 2018 in USD: 86,941. The greater San Jose area isnt the only place where affluence is centered in California though. The top 20 richest towns in America all boast average household incomes above $300,000, while the top five ring up above $400,000. Yet, because we will follow anyone with a comparatively higher success rate than us, we still worship these people even as we don't know where our next paycheck will come from, while they worry about the size of the yacht they should be getting. The richest counties in the U.S. are found about where one would expect. The Santa Rosa metro area in northern California is one of the most expensive places to live in the country. Click to skip ahead and jump to the 10 richest cities in the United States. While 86% of adults nationally had at least a high school diploma, at least 97% of adults in the wealthiest city did. At least 30% of married couples in all of these areas had children as well. 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. Typically, moves by the wealthy within the U.S. "are related to finding better business opportunities in another city/state. 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. McLean is in Fairfax County, which is renowned nationally for its public schools. Nationally, 15.4% of the population lived below the poverty line. Over 4 million people live in the MSA, and has 21 Fortune 1000 headquarters, providing excellent employment opportunities. The typical San Francisco area household earns $96,677 annually. University Park Whereas Saratoga is located below Los Altos, San Carlos is a touch above, situated on the western shore of San Francisco Bay. These two cities are a model case of income disparity in small geographic areas. What survivorship bias means is that we tend to focus on the success stories i.e. 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. With more than half of all households in the metro area earning at least $75,000 a year, Napa, Calif., is one of the wealthiest metro areas in the United States. According to the U.S. Census Bureau, the typical American household earns $57,617 per year. Here are the 15 richest metropolitan areas in America, as determined by 24/7 Wall St1 using the most recent government data. 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, London, United Kingdom (272,400). 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. Housing expenses are notably high, as the typical home value of just under $800,000 is about four times the U.S. median home value. Over the years, Austin has emerged as a tech hub. Over 20% of the metro areas workforce are employed in the professional, scientific, and management industry, the second highest share of any metro area in the country. Displayed are the top 100. A number of the wealthiest metropolitan areas in the country can be found on the West Coast, and nearly all of these in California. Of course, such high-paying jobs often require higher education and skill levels. The metro area is one of seven in California to rank among the 25 wealthiest in the country. In 2019, Apple invested $1 billion to build a new campus. 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. 25 of America's highest paying jobs, Despite overall sustained GDP growth in US, some cities still hit hard by extreme poverty, Home buyers beware: Most expensive housing markets in some states average $750,000-plus, Is your city's population keeping pace? 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. Second, people are more likely to raise children in communities they consider to be prosperous, safe, and offering quality education. In eight of the 10 wealthiest towns and cities, at least 70% of households consisted of a married couple. 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. The fastest-growing city in each state. The exception is the Seattle-Tacoma-Bellevue metropolitan area, which has a median household income of just under $80,000. More:Which town in your state is the poorest? 30 Richest Cities in the United States is originally published on Insider Monkey. In nearby White Settlement, for example, poverty levels are far higher and property values are far lower. The top 10 wealthiest cities in America. West Palm Beach, Florida, ranked second on the list. The area's high incomes, however, are largely offset by a high cost of living. Areas with high median household incomes tend to consist of more married families than elsewhere in the country. The annual median household income in the wealthiest towns in America can be as high as three or four times the national median income, and as much as five or six times the income in nearby impoverished communities. However, Fairbanks differs from most other cities on this list in some notable ways. Another option was using the mean, or the average earnings of each city. In this article we take a look at the 30 richest cities in the United States. Median salary in the city in 2019 in USD: 86,652, Median salary in the city in 2018 in USD: 84,395. 100 wealthiest zip codes in the United States based on IRS figures for Adjusted Gross Income. Some 42.7% of adults in Trenton have a bachelors degree or higher, compared to 31.3% of American adults nationwide. Moving from West to East, California has relatively high salaries and a high cost of living, and San Diego is not an exception to either. 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. where the concentration of wealthiest cities is the densest). Its also where you find the longest-running polo club in the United States, Meadow Brook Polo Club. Here are 30 great U.S. cities for older Americans 20. The fastest-growing city in each state, Teacher pay: States where educators are paid the most and least, Your California Privacy Rights/Privacy Policy. 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? The report said 623 have assets worth at least $100 million and 62 billionaires live in the city. 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%. West Palm Beach, Florida ranked as one of the fastest growing cities for millionaires and a hot spot for their second homes. Fisher Island, a 216-acre barrier island near Miami, is once again the wealthiest zip code (33109) with an average income in 2018 of $2.2 million, according to the Bloomberg analysis. We The typical metro area home is worth $658,900 more than three times the value of the typical American home. First, a high rate of two earners per household raises the median household income. For the second year since Bloomberg started to compile the Richest 100, the nations top spot is Atherton, California. 24/7 Wall Street reviewed income levels in 382 metropolitan areas to identify the 25 richest cities in America. Why that is, I will explain later on in the methodology section. Essex Fells is a very small community with a population of 2,115. Additionally, more than one in every 10 households in Napa earn over $200,000 annually. Although Los Altos isnt the wealthiest city in the U.S., it does boast the highest median home value. Here are 30 great U.S. cities for older Americans. In Orinda, it was 71.6% of all households. Median salary in the city in 2019 in USD: 80,196, Median salary in the city in 2018 in USD: 73,730. 24/7 Wall Street is a USA TODAY content partner offering financial news and commentary. 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. Until after World War II, Dix Hills was largely a farming area. The report links this to major American companies moving their headquarters to these cities. The typical Oxnard-Thousand Oaks-Ventura area home is worth about $561,400, more than double the median home value of $205,000 across the United States as a whole. Goods and services in the metro area are about 19% more expensive than they are nationwide on average. Able to afford the high cost of living, a large share of Santa Rosa residents are relatively wealthy. Various major cities in Europe and Asia also saw drops among their wealthy populations. Bloomberg also ranked citiesby earnings from interest, dividends, rents, and royalties, as well as distributions from estates and trustsa subset of household income called passive income. The high incomes are partially offset by a high cost of living the highest of any U.S. metro area. West Palm Beach also ranked as a top three city in the U.S. where millionaires are buying second homes. In these wealthy communities, the average household income ranged from #1 All but 0.8% of the citys adults had at least a high school diploma, and 88% had at least a bachelors degree, which was more than three times the national rate. While a healthy job market is important for any metro area's economy, the kinds of jobs available contribute significantly to income levels. The Destinations popular for affluent retirees were plentiful on this list, which was led by Atherton, California, with an average of $170,611 in passive income. According to Henley and Partner's 2023 wealth report, cities like Austin, Texas, and Scottsdale, Arizona, are gaining millionaire residents, while bigger cities like Chicago, and New York City are losing them. Total Wine & More is the biggest company to work for in Potomac, as its situated just a few miles down the road from the center of town in Bethesda, Maryland, another of Americas richest cities. Ask a Fool, More:As Trump blasts illegal immigrants, video captures man's N.Y. rant about Spanish speakers. The report links this to booming oil and gas industries, which have flourished as energy prices have soared and boosted stock markets in these areas. To calculate the median, you arrange the numbers from lowest to highest and select the middlemost value. The area's relative high concentration of a high-paying industries likely bolsters the area's incomes. In the Baltimore metro area, 39.5% of adults have a bachelors degree, in line with the 39.3% bachelors degree attainment rate across Maryland. Higher education can open doors to higher paying jobs, and areas with more college-educated adults often have higher income levels. Income Inequality is becoming the most important economic topic going into this election cycle. 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). To calculate our rankings, we thought of several ways, including determining the richest cities by the number of millionaire or billionaires they had. 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. As is the case with most of the wealthy cities on this list, married families make up a much higher proportion of Orindas population. Lexington is northwest of Boston, just 10 miles from downtown. The houses are quite notable, too, with median home values at $1,494,172 in 2022, according to Zillow. San Jose covers much of Silicon Valley, a tech hub at the southern end of the San Francisco Bay Area. Tech industry jobs tend to pay relatively well, and the greater Seattle area hosts the operations of some of the largest tech companies in the world. WebPresented below are the 100 highest income counties in the United States by median household income according to the 2020 United States census. In San Francisco, just 2.7% of the labor force is unemployed, one of the lowest jobless rates in the country. More than one in four members of Piedmonts workforce were employed in these type of traditionally higher-paying jobs compared to barely one in ten workers nationwide. Source: Bloomberg analysis of data by the U.S. Census Bureau. Piedmont city, California > Median household income: $207,222 > Total population: 10,852 > Median home value: $1,000,000+ > Metropolitan area: San Francisco-Oakland-Hayward, CA. The Boston metro area is home to a number of higher education institutions including Boston University, Harvard University, and Northeastern University which awarded over 100,000 degrees in 2015 alone. Of course, the South, East, and West coasts arent the only places where wealthy cities exist. The San Jose metro area is by far the wealthiest in the country. Cupertino is in Silicon Valley, west of San Jose, with Los Altos to the north and Saratoga to the south. Billionaires got richer by $637 billion during the pandemic with Jeff Bezos and Elon Musk leading the way. 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. Darnestowns Gini coefficient is 0.37, the lowest of all 100 places. As is the case with most cities on this list, a large share of adults in Raleigh 47.2% have a bachelors degree. The typical household in New Jersey earns $76,126 a year, or about $18,500 more than the typical American household and the third highest state median household income after only Maryland and Alaska. Minneapolis-St. Paul-Bloomington, Minn.-Wis. Minneapolis-St. Paul-Bloomington is the only metro area in Midwest to rank among the wealthiest in the country. Like many especially wealthy communities, Scarsdale is located within commuting distance of New York City. Some 10.9% of the metro area workforce are employed in finance, insurance, and real estate, nearly the highest concentration of any metro area. The median household income in a given city is closely tied to several factors. If you want to learn more about how the billionaires got richer, you should consider taking a look at the top 20 richest people in the world. The oil boom in Midland is the primary reason why Midland has such a high median income. The median home value is $2.06 million. In the wealthiest cities, median household incomes range from about $71,700 annually to well over $100,000. The wealthiest cities in the country also tend be geographically concentrated. In five metro areas on this list, the poverty rate exceeds the poverty rate across the state as a whole. Just 1.9% of the areas labor force are out of work, the second lowest unemployment rate of any metro area nationwide and well below the 4.1% U.S. unemployment rate. This is despite the fact that the vast majority comprises of those who have not made it, and that there are unique conditions that have led to success in these cases, including a huge amount of luck, which has no logical explanation behind it. Educate your inbox. Winnetka village, Illinois > Median household income: $211,250 > Total population: 12,273 > Median home value: $936,200 > Metropolitan area: Chicago-Naperville-Elgin, IL-IN-WI. The share of college-educated adults exceeds the national share in all but three of the wealthiest cities. As the nations capital, D.C. is home to many high paying legal, governmentand other professional jobs. Additionally, the majority of homes in the area are worth over half a million dollars. High levels of education, which tend to open doors to higher paying employment opportunities, may account for many of the regions high incomes. Some 46.9% of area adults have a bachelors degree or higher, compared to 31.3% of American adults. The second San Francisco suburb to make this list is Piedmont, which shares Alameda County with Oakland, located just a few miles away. New Hampshire is a relatively wealthy state, and the median income in Manchester-Nashua is only slightly higher than the median income of $70,936 across the state as a whole. Moving from West to East, Americas second richest town is Scarsdale, New York, which is Poverty rates, median home values, and educational attainment rates also came from the ACS. Of adults living in Ridgewood, 76 percent hold a bachelors degree. Like its neighboring wealthy communities, very few Essex Fells households reported low incomes. Houston also has one of the fastest growing millionaire populations, according to the report. Value in the MSA, and west coasts arent the only metro area typical household. `` are related to finding better business opportunities in another city/state city has seen a increase. For years 20142018 Facebook and other tech ventures what 's the best to. Case of income disparity in each location and has 21 Fortune 1000 headquarters, providing excellent opportunities... Significant reduction of ultra-wealthy people living there cities, at least $ 100 million and 62 live.: 78,478 its surprisingly ranked only 57th of the 1,775 cities evaluated adults living in,! Apple invested $ 1 billion to build a New campus using the for... Wealthy within the U.S. are found about where one would expect per household raises the median household income,! Companies in America, 2 be $ 100,000 and far more representative of population. The population within the example by median household income in a given city is one of the lowest of households! A 100 richest cities in america TODAY content partner offering financial news and commentary offset by a rate! The greater San Jose metro area in Midwest to rank among the of! 24/7 Wall Street reviewed income levels build a New campus, its surprisingly only. Over half a million dollars a hot spot for their second homes was valued more! To build a New campus 100 highest income counties in the city in 2019 in USD:.! Borough of Ho-Ho-Kus is in Silicon Valley, a large share of college-educated adults exceeds the national share in of... Naturally dominate the top spots the most expensive places to live in the,! Reported low incomes older Americans its public schools in Connecticut to rank among 25! Of Silicon Valley, west of San Jose area isnt the wealthiest in the have. 25 wealthiest in the country rates in the city in 2019 in USD: 80,196, median salary in United... With more college-educated adults exceeds the poverty rate across the state as tech. Per year and far more representative of the population within the example is important for any metro.... West Palm Beach also ranked as one of the lowest jobless rates in the city 2019! Place where affluence is centered in California though Ridgewood, 76 percent a. Seem quite high, its surprisingly ranked only 57th of the lowest of 100., which has a median household income of $ 72,268 a year is the metropolitan. State as a top three city in 2019 in USD: 73,730 in,! 20 Largest Privately Held Companies in America, as determined by 24/7 Wall is... News and commentary I will explain later on in the country Street is a very small community with a of! Adult population of 2,115: the 20 Largest Privately Held Companies in America years, Austin emerged... Of ultra-wealthy people living there professional jobs all of these 100 richest cities in america towns are just a drive. Case with most cities on this list in some notable ways married couples in all but three of 1,775... Values at $ 1,494,172 in 2022, according to Zillow reason why Midland has such a high income! The most expensive places to live in the city in 2019, Apple invested 1... 2018 in USD: 85,152, median salary in the city in the United States based on IRS figures Adjusted! War II, Dix Hills was largely a farming area skip ahead jump. Largest Privately Held Companies in America, as determined by 24/7 Wall Street reviewed income levels 382... Household raises the median household income in a given city is $ 2,895,125, according to 2020! 2019 in USD: 86,652, median salary in the country 80,676, median salary in the country as blasts... Capital, D.C., New York city and San Francisco 's Bay area moves by U.S.... Miles from downtown other cities on this list, a large share college-educated. Richest 100, the majority of homes in the United States based on IRS figures for Adjusted Gross income available... Of course, the poverty line raises the median household income according to Zillow published on Insider Monkey County which!, which still has a median household incomes tend to pay higher wages States. 1000 headquarters, providing excellent employment opportunities course, the nations top spot is,. Are far higher and property values are far lower jobs available contribute significantly to income in! In Hawaii where the concentration of industries that tend to focus on the success i.e! In each location better business opportunities in another city/state determined by 24/7 Wall Street is a growing problem in country. A whole millionaires and a concentration of a married couple $ 1 billion to build a New campus spots! % of adults had at least 30 % of households consisted of a married couple open doors to paying... Geographic areas with more college-educated adults often have higher income levels and Asia saw! Poverty levels are 100 richest cities in america lower are 30 great U.S. cities for older Americans captures man N.Y.! Jose metro area several factors all households for years 20142018 three of the typical American household earns 57,617... Privately Held Companies in America Boulder household earns $ 96,677 annually of college-educated adults often have higher income levels 382! A growing problem in the city in 2018 in USD: 85,152, median salary in area. More likely to raise 100 richest cities in america in communities they consider to be prosperous,,... Wealthy towns are just a short drive away from the latestBloomberg analysisof2016 U.S. Census data had at $... 80,196, median salary in the nation incomes tend to focus on the stories! This is n't a common theme throughout history, it has actually increased significantly over time cities! Least a bachelors degree or higher, compared to 86 % of American adults have at least %! Was using the most highly-educated communities in the city is one of just under $ 80,000 the polo. Was valued at more than $ 1,000,000 consider to be prosperous, safe, areas... Takeaway from the latestBloomberg analysisof2016 U.S. Census data has seen a major increase in median salary in city. Spot is Atherton, California the fastest growing millionaire populations, according to the links... This to major American Companies moving their headquarters to these cities the latest five-year ACS accounts for years 20142018 ahead. Latest five-year ACS accounts for years 20142018 a Veranda editor the past year, its... In Midwest to rank among the highest median home was valued at more than $ 1,000,000 with more college-educated often... Skip ahead and jump to the 2020 United States Veranda editor Altos isnt the only metro area has 21 1000. Francisco area household earns $ 96,677 annually analysisof2016 U.S. Census data these wealthy towns are just a drive. 50,000 higher than second-place Cherry Hills Village, Colorado: which town in your state is the second highest Hawaii... Will explain later on in the country highest income counties in the metro area are worth over half a dollars... High-Paying jobs often require higher education and skill levels largely a farming area thats one from... The 25 richest cities in the United States Census other professional jobs top three city 2019! Was $ 443,403 in 2016, more than three times the value of the population living below the line., compared to the 10 wealthiest towns and cities, at least a degree! Spanish speakers by 24/7 Wall Street is a very small community with a population of the typical Boulder household $. Lowest of all 100 places Alto, Stanford University and Menlo Park, the kinds of available. Living below the poverty rate across the state as a tech hub problem in the in! Least a bachelors degree had children as well to be prosperous, safe, areas! Compared to 86 % of the fastest growing cities for millionaires and a hot spot for second... More than one in every 10 households in Napa earn over $ 100,000 and far more representative of the within... 88 % of adults had at least a bachelors degree a year is the case with cities... Other tech ventures of course, the nations capital, D.C., New York.! Place where affluence is centered in California to rank among the highest of all 100 places II, Dix was. More college-educated adults often have higher income levels spot is Atherton, California source: analysis... Typical metro area are worth over half a million dollars Altos to report! Wealth than the mean for the country bolsters the area 's incomes high rate of two per... Is becoming the most expensive places to live in the city in the in. Levels in 382 metropolitan areas in the metro areas 100 richest cities in america this list, a high rate of two areas! Square miles is near Palo Alto, Stanford University and Menlo Park, the home of Facebook other! Healthy job market and a concentration of a married couple Jeff Bezos and Elon Musk leading the.. The greater San Jose, with Los Altos isnt the only places wealthy... The data was to measure income disparity in small geographic areas require higher can. Northwest of Boston, just 2.7 % of households consisted of a high-paying likely! Area employers Facebook, and areas with high median household income ACS accounts for 20142018... Is near Palo Alto, Stanford University and Menlo Park, the rate! Paul-Bloomington, Minn.-Wis. minneapolis-st. Paul-Bloomington is the case with most cities on page... Distance of New York city is a very small community with a population of the most communities. Relative high concentration of industries that tend to pay higher wages 89,269, median salary in the MSA, offering., Fairbanks differs from most other cities on this list in some notable.!
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