All rights reserved. Most of the well to do here frequent Whole Foods, Starbucks, Core Power or LuLuLemon. As of 2019 the citys population was just less than 30,000 with the poverty rate teetering at 4.4 percent. To even make the top 100, towns need an average household income of more than $220,000. This city has it all - Grand houses. Lafayette is also a place where nature lovers thrive, as it has several popular hiking trails, including the Lafayette Ridge Staging Area, and is renowned for its stunning wildflowers. Speaking of wealth, Athertons average household income is a mind-boggling $525,324, up $74,638 since 2017, when it was last recorded by Bloomberg. . Using data from the U.S. Census Bureaus 2019 American Community Survey five-year estimates, we analyzed nearly 30,000 U.S. cities, towns, villages, boroughs and Census-Designated Places (CDPs) in terms of their median household income and mean household income. Among the largest movers on the list was Highland Park, Texas, which moved up to No. And, to be clear, we measured the 306 largest cities in America with over 100,000 people. Forbes in Boydton, VA Expand search. From Singapore To New York City, more than 26% of the world's 2,095 billionaires live in just 10 cities on three continents. Atherton, California, is the richest town in America with an average annual household income of $525,000. Allowing cities with less than 1,000 households to be included generated a list of cities that are even more extreme in their incomes, though many of these places have less than a hundred households or just a few hundred. So, what's the richest big city in America according to the data? Three were investors in the vaping company Smoore International, whose share plummeted 64% as the Chinese government threatened a crackdown on electronic cigarettes. This rich little enclave is just outside of Houston. Southlake, Texasknown for its exemplary public schools (one of which has won eight football state championships)is the richest city in the United States for 2022, according to 24/7 Wall St., which used five-year estimates of median household income from the U.S. Census Bureau's 2019 American Community Survey (ACS). Los Altos Hills, CA (income: $405,073/ bailout: $4.2 million) With a median home price of $3 million, the community is located just five miles from Silicon Valley. Or so one might think. The Silicon Valley residential community hasn't lost its rural feel despite the fact it's currently the fourth richest town in the country. Six of the richest counties lie on the outskirts of Washington:. Notable residents who have called West University Place home include Craig Biggio, a former baseball player for the Houston Astros, and NFL player Brian Cushing. Cities like New York City and L.A. might be some of the wealthiest in America, but it's smaller cities that are becoming more and more appealing to millionaires. Now, the median home value in the once entirely agricultural Village of Indian Hill is just over $1.3 million, according to Zillow. And while there are wealthy towns all across the country (these are the richest town in each state ), the. The richest communities in America for years have been in Silicon Valley and the New York City area. The magazine analyzed each area in terms of its median household income and mean household income. We were. #6. if(window.innerWidth<700){ezoicSiteSpeed(jQuery(document),String(/documentReady/).substring(1).slice(0,-1),String(/jQuery-document-dot-ready/).substring(1).slice(0,-1),function($){$("#skip_expand").html("(Expand+)");$("#toc ul").css("display","none");$("#skip_expand").on("click",function(){$("#toc ul").toggle()});$("#toc h3").on("click",function(){$("#toc ul").toggle()});});}. Forbes' Post Forbes 18,071,066 followers 1h Report this post . Since the city is nestled just outside of the District of Columbia, many of its 45,000-plus residents work in the nations capital, and 80.6 percent of adults have at least a bachelors degree. Population: 125,817Rank Last Year: 3 (Down 4)Median Income: $102,764 (19th best)Unemployment Rate: 3.8% (29th best)More on Pearland: Real Estate|Crime|Cost Of Living. Located in Monmouth County, New Jersey, Rumson boasts a population of just over 7,000 (as of 2020). Just about everyone in Kansas knows these people are loaded. [1] As of October 2020, there were 614 [2] billionaires in the United States. At least that's what the locals would tell you. 5. Hearst Magazine Media, Inc. All Rights Reserved. Living in the city will cost you though. But thats not all the city is known for. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. Jeff Bezos, the. The No. The richest cities in the U.S. are glittering metropolises where super-wealthy people gather and even relatively modest homes costs millions of dollars. 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. The community has at least nine country clubs. Henley and Partner's 2023 wealth report found that America's fastest growing cities for millionaires all experienced a 70% millionaire growth from 2012 to 2022. 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. Ranked #1 in the state of Oklahoma on the 2023 Forbes "Best-In-State Wealth Management Teams"* list (Published on January 12, 2023. Is everyone in these places loaded? Four of those six states are in the U.S. South. But of the 724 American billionaires whose net worths are tracked daily by Forbes, only 86 are women. Hollywood filmed in Winnetka including Home Alone, Ferris Buellers Day Off, Uncle Buck, National Lampoon Christmas, Risky Business, and Breakfast Club. This Westchester County suburb of New York City is the richest town on the East coast. It's pretty easy to see where the richest people live. Musk's estimated net worth is $251 billion, which is over 13 times richer than Dalio, the richest person in Connecticut. Source: Bloomberg analysis of data by the U.S. Census Bureau. Scenes from two classic 1980s John Hughes filmsFerris Buellers Day Off and Sixteen Candleswere shot in Glencoe. Diogenes the Cynic may well have had much to teach Elon Musk, the modern day Alexander the Great, write Massimo Pigliucci and Existential Comic creator Corey Mohler. Knowing this, Americans would be right to ask why Nancy Pelosis Heroes Act shelled out $3.8 million in coronavirus aid money to Atherton. According to a recent study, if you earn about $95,000 a year, you're optimally happy. Whatsapp founder, Jan Koum, paid $57 million for a mega-compound. This southern Westchester County, New York, town is just 15 miles from Midtown Manhattan, which means its residents have easy access to the city and all the trappings of wealthy small-town lifecharming residential architecture, a walkable town center, and great public schools. Notable residents include CEOs, actors, pro sports players, and authors. There is definitely some overlap between the first list, where cities had to have at least 1,000 households, and this list in which there are no size limitations. #3. People come here to find jobs and for a more peaceful and better quality of life. Just down the road, you have Palo Alto, the heart of Silicon Valley. The residents here aren't necessarily famous, but they're definitely rich. Keep reading to learn more about the top 20 richest towns in America. Although it was a 5.4% decline year-over-year, it's still well above thenational median price of $359,000. One reason for Southlake's wealth? The richest communities in America for years have been in Silicon Valley and the New York City area. We looked at the most recent census data to determine where the 1% call home. However, in the run up to the November election, President Donald Trump indicated he was open to a $2 trillion deal. #8. Located along the Long Island Sound, Westport is just 52 miles northeast of New York City, making it a popular destination for those looking to work in the city but live outside of it. Just about all households who live here earn well over $100,000 a year annually. I cover the world's richest people for Forbes. New York City has taken back its crown. Residents of Darnestown, Maryland, are most likely to sport similar paychecks, according to Bloombergs calculation of the Gini Indexa common measure of income distribution among a population. But are most of their bank accounts pretty fat? Xu Yi and Chen Rui, executives at Chinese media giant Bilibili, and Tony Zhao, the CEO of the Nasdaq-traded online video and communication platform Agora, are among the Shanghai-based billionaires who dropped off over the last year. Cherry Hills Village, CO (income: $406,314/ bailout: $3.3 million) With a median home price of $2 million, the community is located 10 miles from Denver. We contacted Speaker Pelosi and the Atherton city manager for comment and did not receive a response. The index ranks the wealthiest communities in the US by average household income. In. Immediately to the south, you've got Cupertino, home of Apple. 1 city on the list is Austin, Texas. Taking things inside, the median home value in Westfield is $906,521 in 2022, according to Zillow. That's one takeaway from the latest. Bucking the trend, Shanghais richest person, Liu Yongxing, the chairman of agriculture and chemicals firm East Hope Group, more than doubled his fortune to an estimated $13.2 billion. Perhaps. Great schools. That's just 12% of the country's billionaires. The Silicon Valley town, which is just eight minutes from Stanford University, isnt only renowned for its wealthy tech entrepreneurs, though; its known for its large, private lots and lavish homes, too. Balanced by three dropoffs, Mumbai actually welcomed six new billionaires over the past year, including Falguni Nayar, who became Indias richest self-made woman, with an estimated net worth of $4.5 billion, after taking her beauty-and-fashion retailer Nykaa public in November. Oakland is a wealthy suburb of Memphis in southwest Tennessee. No city experienced a bigger drop than Moscow, which fell from the No. University Park is best known for being home to Southern Methodist University, a nationally ranked private university in the suburbs of Dallas. Trump National Golf Club is directly across the Potomac River in Virginia. 10 spot. Moscow lost more billionaires than any other city on the list amid the fallout from Russias invasion of Ukraine. Situated in Santa Clara County California, within the San Francisco Bay Area, is Los Altos Hills, one of the wealthiest cities in California and the United States.