The 40 Richest Towns In The US
We’re packing our bags and looking up real estate listings, because the list of the richest towns in America is out with some enviable locations. Every year, Bloomberg compiles a list of the small towns with the biggest average incomes, and they’re jaw dropping.
From Hollywood Hills mansions to New England manors and Midwest estates, here are the 2019 richest towns in the U.S. How does your town rank? Read on and discover.
40. Austin-Round Rock, TX
Median household income: $73,800
Austin is doing something right. In 2019, the unemployment rate was just 2.1%. The area is a tech hub for major companies, such as Dell, IBM, Apple, and Amazon.
Owning a property in this area can secure you for a lifetime. According to some sources, the median home value in this area is $311,800.
39. Midland, TX
Median household income: $75,266
Midland is famous for being the halfway mark between El Paso and Ft. Worth. Midland is also near the center of the Permian Basin, one of the most significant oil fields in the States.
Midland’s economy is driven by the energy sector primarily. However, lately, Midland has also become a regional financial and distribution center.
38. New York-Newark-Jersey City, NY-NJ
Median household income: $75,368
New York has a population of over 20 million. This area is one of the most populous in the country. Moreover, its’ one of the wealthiest cities in the country, as well.
However, this area suffers from a significant poverty rate of 12.8%. New York earns a lot of money from the movie industry and tourism.
37. San Diego-Carlsbad, CA
Median household income: $76,207
San Diego gets its money from various sources, including defense, tourism, manufacturing, international trade, and research. San Diego also has a port, making it a home or often stop to significant submarine and shipbuilding on the West Coast.
Furthermore, San Diego has the largest naval fleet in the world. The metro area shares a border with Tijuana, Mexico, next to three ports of entry.
36. Denver-Aurora-Lakewood, CO
Median household income: $76,643
Denver has one of the most educated populations in the country. Even 43.9% of its residents have at least a bachelor’s degree. The national average is only 32%, so something is really done right in Denver.
Thanks to its location, Denver is a natural transportation and distribution hub for the entire West. The most significant and the largest industries in the city are mining, healthcare, technology, and energy.
35. Fairbanks, AK
Median household income: $76,747
Alaska is known for its fantastic nature, clean air, and an excellent quality fo life. Yes, Alaska is partly supported by the government’s permanent fund, which pays each resident a share of the state’s oil revenue each year.
The government service sector, including the military, employs more than one-third of the area’s workers. Also, significant industries are mining and tourism.
34. Minneapolis-St. Paul-Bloomington, MN-WI
Median household income: $76,856
The Twin Cities metro area is one of the most highly educated populations in the country. Around 425 of the adult population holds a bachelor or even higher.
This area is home to various companies, including Target, 3M, Land O’Lakes, and United Health Group.
33. Anchorage, AK
Median household income: $76,871
Although the income is this area is significant, the area still has a higher rate of unemployment, around 5.2%. The city’s top industries are defense, tourism, and oil production.
There are even three military bases located in the city’s area. The majority of the population are military and personnel family members.
32. Vallejo-Fairfield, CA
Median household income: $77,133
The largest industries in this area are construction and healthcare. The median home value is around $440,000.
Interestingly, the percentage of residents with a bachelor’s degree or higher is lower in this area than the national average of 32%.
31. Boulder, CO
Median household income: $80,834
This famous Colorado city is home to a highly educated workforce. Almost two-thirds of its adult population has a bachelor’s degree or higher.
The unemployment rate is just 2.5%. The largest employers in the area are Lockheed Martin and The University of Colorado.
30. Boston-Cambridge-Newton, MA
Median household income: $85,691
Boston University, Boston College, Harvard, Massachusetts Institute of Technology, and Northeastern University are responsible for Boston being so educational background.
This also means that this area has the highest concentrations of adults with a bachelor’s degree or even higher. With so many educational institutions, the city is also safe and has a low unemployment rate, next to stable financial flow.
29. Napa, CA
Median household income: $86,562
Just after the famous Santa Rosa, Napa is the second-largest city in California’s wine country. Moreover, Napa has only 80,000 residents. Napa Valley is known for its Mediterranean climate, which is perfect for growing grapes and other similar crops.
Napa is the city which employs the most agricultural workers in the States. The home value here is approximately half-million dollars.
28. Bridgeport-Stamford-Norwalk, CT
Median household income: $91,198
The Bridgeport-Stamford-Norwalk area is the wealthiest city in New England and on the East Coast. The area is within commuting distance to New York City.
The population is around 1 million, while the region’s median home value is $336,100.
27. San Francisco, CA
Median Household Income: $101,714
Residents of the Golden Gate City earn a lot of money. They make more money than residents from any other major city. Interestingly, they are also more highly educated. After Seattle, the city has the highest percentage of college-educated residents within the country.
San Francisco is home to the world’s largest companies, such as Airbnb, Adobe, Dropbox, and SalesForce. There are also significant financial institutions, such as Wells Fargo.
26. San Jose-Sunnyvale-Santa Clara, CA
Median Household Income: $117,474
San Jose is the largest Northern California city. It has more than 1 million residents and a huge area. San Jose is known as the capital of Silicon Valley.
As such, it seems only natural that GDP is one of the fastest-growing in the world. The median home value in San Jose is approximately $1 million.
25. Potomac, Maryland
Median Household Income: $248,189
Potomac, MD has a population of up to 45,000 people with an average age of 47.3. So far, the median income is around $248,189.
Potomac has a low poverty rate, of only 3.26%. At the time, the median property value is around $900,000. Potomac is also the seventh most educated small town in America.
24. North Caldwell, New Jersey
Median Household Income: $251,468
With a population of only 6,637, this area has significant income. Moreover, the poverty rate is not higher than 2.03%, while the median age is 45.7.
The numbers of employees in this area are always in growth, while the median property value is $730,000, and it keeps growing.
23. Malibu, California
Median Household Income: $261,237
To some, Malibu is known as a fantastic place with a Mediterranean climate. This area is also known for being a home to numerous stars and a vast entertainment industry. Usually, it comes as no surprise that the Malibu area is one of the wealthiest cities in the States.
The total population is only 12,871, while the age of the community is 52, significantly higher than in the other cities. Around 50% of people in the area are married.
22. Darnestown, Maryland
Median Household Income: $262,988
The average age in Darnestown is only 47.5 years. Therefore, it comes as no surprise that this area is so productive and busy. In just one year, the population in the city grew from 6,509 to 6,540, and the average car ownership is two cars per household.
The largest industries in Darnestown are professional, technical service, and scientific. Surprisingly, income inequality is only 0.461, lower than the national average.
21. Long Grove, Illinois
Median Household Income: $263,939
If you love Chicago, but you still want a more quiet neighboorhood, you might think about moving to Long Grove. Not only that the median income is excellent here, but there is also a vibrant social life. Also, this famous city is only 28 miles away from Chicago. Long Grove is an authentic family town, with almost 46% of the total population having children under 18 years old.
Residents of Long Grove are mostly born in Illinois, while small percent were born out of state, outside of the States, or are foreign-born. Only 4% of the residents speak Spanish.
20. Lake Forest Illinois
Median Household Income: $265,477
So far, it seems that Illinois is the state to be if you want to live abundantly. The population of Lake Forest is continually growing because people can’t get enough of good jobs, excellent salaries, and the fact that the homeownership rate in this charming city is astonishing 86.7%.
Residents of the area are more than satisfied with the Internet that 95.6% of households own a computer. Being well educated is imperative here, so around 79.2% of residents have a Bachelor’s degree or higher. The area is well adapted to people with special needs, as well.
19. Montecito California
Median Household Income: $265,940
Yes, Montecito might be known for its famous residents, but it doesn’t mean that you can’t move there and have your share of the American dream. Officially, Montecito is one of the best places to live in California. Plus, public schools in this are highly celebrated and rated.
Because of its famous residents, the overall population even slightly decreased in the last years. However, this only made some properties more available. Also, in this area, car ownership is two cars per household.
18. Upper Saddle River, New Jersey
Median Household Income: $265,573
Upper Saddle River is known for its perks. This city is actually named New Jersey’s most prosperous town. This a five-square-mile town located south of the New York border is mostly home to doctors, various business professionals, and successful entrepreneurs. You can understand just how lucrative this area is by knowing that the poverty rate here 0.805%.
Interestingly, the female population in the Upper Saddle River is slightly higher than the male population. If you love unique architecture, a mix of old and new, you will love the Upper Saddle River. Also, schools are top-rated, and the town is proud of its fantastic walking trails, history, and their famous Apple Ridge Country Club.
17. Tiburon, California
Median Household Income: $270,969
Sunny days, nice median income, and an unemployment rate of only 2.3% is what makes Tiburon, California, one of the hottest destinations to live. This city also has a nice future. According to recent data, expected job growth in the area in the next ten years is predicted to be 33.4%.
The average income of a resident of Tiburon is $99,710 a year. Bear in mind that the US average is only $28,555 a year. Residents of the area are mostly into technical and scientific services, then in finance and healthcare. Of the total residents’, around 94% are US citizens.
16. East Hills, New York
Median Household Income: $273,306
East Hills, NY, has a population of 7,072, and that number is continuously on the rise. The population density here is 3,110 per sw mi, which is 635% higher than the New York average. The majority of residents are employed in public services, while around 26.47% of residents are self-employed.
Next to English, the second most common langue is Spanish, while 98.9% are US citizens. The area is also known for having a significant number of women-led companies, as well as veteran-owned companies.
15. Piedmont, California
Median Household Income: $275,243
Piedmont is officially one of the wealthiest cities in the San Francisco area. Oakland and some stunning nature surround this picturesque city.
Some of the most famous people living in this area are Pixar director Peter Docter and NFL’s Bubba Paris.
14. Hinsdale, Illinois
Median Household Income: $281,855
According to recent data, Hinsdale, Illinois, is home to 17,652 Americans. Almost 90% of residents are married, while the homeownership rate is 85%. It seems that Hinsdale is the perfect spot for medium-sized families, that only 1.5% of residents are unmarried.
The majority have a graduate degree than a bachelor’s and associate’s degrees. English is commonly used, next to Spanish and other European languages, next to Italian and French. The median property in Hinsdale is $875,900, while the homeownership rate is 84.7%.
13. McLean, Virginia
Median Household Income: $283,992
The rumor has it that politicians, as well as rich and powerful people, never leave their desks. Or at least they never leave Washington, D.C. However, they are humans as well, and when they rest, they rest in big style. In their large homes in McLean, Virginia, to be exact.
McLean is located just next to the Potomac River and is famous being a town of extreme power. Ethel Kennedy, former Vice President Dick Cheney, and the CIA headquarters are here. Pretty fancy.
12. Riverside, Connecticut
Median Household Income: $290,904
Houses in this area are rarely sold for under the $10 million. First of all, the area is impressive, and secondly, it’s incredibly safe and filled with famous neighbors.
Tiki Barber, Marc Staal, and Kathie Lee Gifford are just some of the people in the neighborhood. Also, with a train, you can be in Big Apple in no time from this side.
11. Orinda, California
Median Household Income: $293,898
Orinda is such a popular destination in the last decade that each year the population number grows for at least 1,000 residents. Orinda’s median age is 48.3, while a median household income is around $186,075. As expected, the homeownership rate is 88,4%. The unemployment rate here is less than the US average.
The unemployment rate is only 3.1%. The analysis predicts that in the next ten years, the unemployment rate here will be zero because the future job growth should be at least 36.9%. Although people mostly use cars as a way of transportation, roads are clear and without significant bottlenecks.
10. Rye City, New York
Median Household Income: $297,011
Rye City, NY, was officially named 30th America’s wealthiest town. Rye is also one of the highest educated cities in the States, with 73.2% of residents having a college degree. Interestingly, this smalltown was named after an immigrant from England, John Budd, who helped New York claim the municipality of Rye from Connecticut.
There is even a road named after him in the Rye city. The majority of residents are employed in private companies, while only 8.34% are governmental workers. More than half of Rye residents were born in New York.
9. Kentfield, California
Median Household Income: $299,450
If you love outdoors and you have a few hundred dollars to spare, you should think about moving to Kentfield, California. Even Californian majors lived here.
The area is located just a few miles from San Francisco, and it’s known for its fantastic properties, excellent hiking area, and breathtaking scenery. Getting a simple house here will cost at least $850,000, and that’s after a $30,000 price cut.
8. Westport, Connecticut
Median Household Income: $304,439
Westport, or as locals call it ‘the Bestport’ is located not more than 52 miles north of Nre York City. This way, residents get the best from both worlds: busy city life and quiet family moments.
Naturally, for these benefits, one must have on a side at least $300,000. Westport is like the ultimate American suburb. Even the ‘The Stepford Wives’ was filmed here.
7. West University Place
Median Household Income: 330,459
This area might be close to Rice Univesity, but it’s hard that you will ever see any students here. Neither as owners or visitors. Houses here are designed with at least five-bedrooms. Their price starts at $4 million.
As a general rule, the person living in this area earns nearly four times than the typical American household. Interestingly, every street is named after famous poets or artists. In 2018, West University Place named the best place to live in the States.
6. Old Greenwich, Connecticut
Median Household Income: $336,692
According to the New York Times, Old Greenwich deserves the name ‘front-porch kind of place,’ because of its large homes and small-town vibe.
Old Greenwich has been considered heaven on Earth for Wall Street executives.
5. Highland Park, Texas
Median Household Income: $358,994
It seems that Dallas has it all. Famous and popular Highland Park area in Texas is home to one of the wealthiest people in the States. Just the single house value is around $1.4 million.
Former Texas governor Bill Clements found his forever home in this area. The famous TV show Dallas was filmed here.
4. Los Altos Hills, California
Median Household Income: $386,174
This city is rigorous when it comes to mixing business and pleasure. Although the majority of its residents are in some kind of business, operating a business within the town is strictly forbidden.
Los Altos Hills developers wanted to create a unique place for the richest and above anything else a quiet one. There are only two shops, one gift shop and one book store.
3. Cherry Hills Village, Colorado
Median Household Income: $394,259
The phenomenal Cherry Hills Village is all about the quality. The Denver suburb has attracted massive attention for its gigantic mansions and famous residents.
Some mansions even have 10,000-square-foot, and horse stables and almost untouched nature surround most of them. There is also a fantastic mountain view.
2. Scarsdale, New York
Median Household Income: $417,335
Scarsdale, New York, is among the wealthiest places in the entire country. So far, it’s one of the wealthiest towns on the East Coast. The average home price here is $1.8 million.
The area became instant famous once the rumors started about Beyonce and Jay-Z having a home here. With or without them, Scarsdale is still one of the richest towns in the States.
1. Atherton, California
Median Household Income: $450,696
When it comes to the richest towns, Atherton will always be on the top. This small neighborhood, situated between San Jose and San Francisco, is home to numerous mega-mansions. One simple home can cost $6 million, as a starting price, usually.
This is a perfect area for Silicon Valley’s wealthiest entrepreneurs. Facebook’s Sheryl Sandberg, Google’s Eric Schmidt, and Hewlett-Packard’s Meg Whitman are first neighbors. Continue to the next page to read more honorable mentions.
Honorable Mention: Great Falls, Virginia
Median Household Income: $311,915
Did you know that Great Falls, Virginia, is technically not a town? Still, this didn’t stop this exciting area from being named the 2nd richest town in the nation. With such a significant median household income, it comes as no surprise that more and more people are moving to Great Falls. Residents are mostly employed in private companies, while 7.43% are working for not-for-profit companies. The overall median age here is 47.5 years for males and 47.2 for females.
What about the unemployment rate? It’s around 2.5%. The now-popular Great Falls are close to Washington, DC, and the school system is excellent. Further, the entire town has a semi-rural character, which is excellent for those who are passionate about historical backgrounds.
Honorable Mention: Palm Beach, Florida
Median Household Income: $314,090
Palm Beach, Florida, is one of the most popular business and retirement locations. Moreover, Palm Beach is also one of the most popular areas to live in the States. Everyone, from 7 to 77 years, can find something to do.
Palm Beach is the 174th largest city in Florida, with 8,802 residents. The overall median age is 69.3. The unemployment rate in Palm Beach is below the national level and says 3.5%. Interestingly, the job market went up by 1.4% in just one year period.
Honorable Mention: The Village of Indian Hill, Ohio
Median Household Income: $318,319
A long time ago, this small town was actually a village. However, over time the area grew, and today, The Village of Indian Hill is one of the most desirable places to live. As of 2019, the city has almost 6,000 residents, with every house owning two cars.
Just between 2016 and 2017, the population grew by 0.862%, and those numbers are only going up. The largest industries here are technical services, followed wit scientific, health care, and social assistance.
Honorable Mention: Larchmont, New York
Median Household Income: $324,835
Every year, Larchmont, New York, the population grows for a minimum of 1.95%. Although the unemployment rate is 4.1%, the job market did increase by 0.7 over the last year.
Residents love this area because the crime rate is almost unexisting. Maybe the fact that Larchmont has its own police station makes the area safe. Overall, Larchmont is a charming and upscale area with a considerable number of amenities.
Honorable Mention: Paradise Valley, Arizona
Median Household Income: $328,353
Paradise Valley is definitely one of the best locations when it comes to running a business. Today, Paradise Valley is also a great place to live. This exciting town is the 54th most populated city in the state of Arizona, with only 14,215 people. The median age for Paradise Valley resident is 52.5 years, while the average household is $118,271.
Interestingly, residents of this area are mostly employed as managers, followed by supervisors of retail sales workers, then retail salespeople, customer service representatives, and cashiers. The highest-paid job in this area is health-related.
Honorable Mention: Bronxville, New York
Median Household Income: $328,353
Bronxville, New York, has a strong economy. Overall, Bronxville efficiently employs a minimum of 2.710 people, while the poverty rate is below the national average – only 2.91%. This area is so well-known, organized, and wealthy that in 2016, CNBS officially named Bronxville as the most expensive suburb among America’s ten largest cities.
The population density in Bronxville is significantly higher than in New York, while the median age is also 9% higher than in NY. Bronxville’s most interesting buildings are often seen in major TV shows and movies.
Honorable Mention: Rumson, New Jersey
Median Household Income: $337,696
Rumson, New Jersey, is part of the New York Metropolitan Area. For a popular area, it has a modest population, of only 7,122. The average income is $99,083, while the majority of residents are into finance and insurance jobs.
The area is rich in natural parks, domestic farms, and clubs. The famous Seabright Lawn Tennis Club located in Rumson is one of the oldest in the States. This popular tennis club was founded in 1877.
Honorable Mention: Darien, Connecticut
Median Household Income: $352,839
With such a noticeable median household income, Darien is one of the wealthiest communities across the States. This prosperous town is located only 50 miles away from New York City.
Overall, it’s interesting to note that Darien has the lowest population and the highest median household income across the States. And yes, Darien is the wealthiest town in Connecticut. Also, Darien is home to a well-educated population, with a poverty rate of 3.73%.
Honorable Mention: Winnetka, Illinois
Median Household Income: $353,700
Winnetka is located only 16 miles from downtown Chicago. According to the 2010 census, this famous village has not more than 13,000 residents. Winnetka is also the second most luxurious place in Illinois. In terms of household income, Winnetka is officially one of the wealthiest areas.
A median age here is 41.3, while the median household income is $353,700. Buying a house here asks for proper planning and stable finances because the median property value is $1.02 million.
Honorable Mention: Short Hills, New Jersey
Median Household Income: $388,760
Short Hills, New Jersey, is probably the most popular commuter town for residents who work in New York City. The place is most known for its affluent community. In 2014, Time magazine even named Short Hills, as the wealthiest town in America.
Short Hills residents are so blessed that the poverty rate here is only 1.2%, while the average property value is $1.32M. Residents of this area spend around $9,000 a year for health care, and for some reason, this area has the highest prevalence of diabetes.