Piedmont services the Bay Area, and those employed are much more likely to work in the professional and business sectors. All Rights Reserved. The metro areas of Washington, D.C., New York City and San Francisco's Bay Area naturally dominate the top spots. One reason for Southlake's wealth? Napa's wealth is underscored by the relative scarcity of serious financial hardship. Among the largest movers on the list was Highland Park, Texas, which moved up to No. Newcomers to the list include three areas in suburban Chicago. Los Altos Hills, California. 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. The richest cities in each state: Some of wealthiest are in California, Maryland, New York and Virginia Grant Suneson, Evan Comen and Samuel Stebbins The Florida city is home to many famous faces, including Tommy Hilfiger and Sylvester Stallone. In every metro area on this list, the typical home is worth more than $205,000 the national median home value. Additionally, despite a high median income, relatively few area households are exceptionally wealthy. The richest communities in the country are all quiet suburbs located within commuting distance of a major city, which also offer the most high-paying job opportunities. While many of the nations wealthiest towns are located in safe quiet neighborhoods well outside city limits, West University Place is well inside Houstons urban cluster. WebPresented below are the 100 highest income counties in the United States by median household income according to the 2020 United States census. The total private wealth held by New York residents was found to exceed $3 trillion. The greater San Jose area isnt the only place where affluence is centered in California though. The 2022 median home value in the city is $2,895,125, according to Zillow. But even adjusting for the cost of living, Anchorage residents are still some of the wealthiest in the country. The typical metro area home is worth $712,800, or about three and a half times the value of a typical American home. Nationally, less than half of all households included a married couple. Over 2.7 million people live in the MSA, which has seen a strong decrease in the salary over the previous year. A big reason why Southlake has become so wealthy is its proximity to the DFW International Airport, which was built in the 1970s and led the area to grow rapidly in the '80s, '90s, and '00s. In Piedmont, a typical household earned $207,222. 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. Major employers in the Denver metro area include defense contractors Lockheed Martin and Raytheon, financial services company Charles Schwab, several hospitals and health care providers, as well as technology companies like Oracle and Level 3 Communications. Of the top 10 cities with the largest number of wealthy people, seven saw a decline. 4. 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). Click here to see the richest towns in America. Cities and towns in the tri-state area of Connecticut, New Jersey and New York accounted for 36 of the 100 top spots, the most concentrated area of wealth of any region. Another factor to consider is that overall wealth has declined in 2022, Amoils said in a paper released alongside the report. In 17 of the 25 cities on this list, the March jobless rate was equal to or lower than the U.S. figure. In the United States, 31.3% of adults have a bachelors degree or higher. Despite being home to more than a third of the countrys richest cities, California is not the richest stateMaryland, with a median household income of $86,738, isnor is it home to the richest city. Some 9.2% of the metro area labor force work in the finance, insurance, and real estate industry, one of the largest shares of any U.S. metro area. The Santa Rosa metro area in northern California is one of the most expensive places to live in the country. The MSA makes our list of richest cities in the US, crossing the $85,000 threshold. Like Los Altos, Saratoga is another city in the greater San Jose area. In this article we take a look at the 30 richest cities in the United States. Here is the list. 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. Just under 98% of adults had at least a high school diploma, compared to 86% of adults nationwide. There are likely two reasons for this. Additionally the city has one of the lowest median home values (of the richest cities, that is), listed at $797,480 in 2022, according to Zillow. More:Is your city's population keeping pace? Goods and services in Kahului-Wailuku-Lahaina are about 7% more expensive than they are on average nationwide. 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. "Worldwide high-net-worth individual numbers were down by 5% in the six-month period to June 2022. The nearby city of Newark, for example, had a nearly 30% poverty rate, 15.6% of households earned less than $10,000, and just 1% earned $200,000 or more. First, the metro area has a near nation-leading 6.9% unemployment rate, well above the 4.1% U.S. jobless rate in March. What is the richest city in the US?Atherton, California. Average household income: $525,324.Scarsdale, New York.Hillsborough, California.Cherry Hills Village, Colorado.Los Altos Hills, California.Short Hills, New Jersey.Highland Park, Texas.Glencoe, Illinois. The high incomes are partially offset by a high cost of living the highest of any U.S. metro area. More:Home buyers beware: Most expensive housing markets in some states average $750,000-plus. 6. 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. Just 26.1% of area adults have a bachelors degree, below both the 31.3% college attainment rate nationwide and the 39.3% rate statewide. Glen Ridge borough, New Jersey > Median household income: $167,101 > Total population: 7,561 > Median home value: $581,400 > Metropolitan area: New York-Newark-Jersey City, NY-NJ-PA. Nearly 40% of households in the borough of Glen Ridge reported incomes of at least $200,000, compared to just 4.8% of households nationwide. Area colleges and universities awarded 17,891 degrees in 2015 alone. Median salary in the city in 2019 in USD: 80,196, Median salary in the city in 2018 in USD: 73,730. Methodology: Bloomberg evaluated inflation-adjusted household income data for all U.S. "places", as defined by the Census, with a minimum of 2,000 households and ranked them based on average household income. As for home value, the typical home in Potomac in 2022 is worth $1,186,488, according to Zillow. As is the case in most high income areas, Trenton is home to a large college-educated population. 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. 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. Other states with five or more locations included Texas, Maryland and Illinois. The share of college-educated adults exceeds the national share in all but three of the wealthiest cities. Of course, the South, East, and West coasts arent the only places where wealthy cities exist. Median salary in the city in 2019 in USD: 80,676, Median salary in the city in 2018 in USD: 81,037. We found the 50 richest places in the country received $350 million in bailouts. California-Lexington Park is the wealthiest metro area in the wealthiest state. Compared to New York, a much smaller proportion of them have assets worth over $10 million. 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. 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. ^ Basically, the metropolitan areas of Maastricht, Lige, Hasselt-Genk, Sittard-Geleen, Heerlen-Kerkrade and Aachen-Dren constitute the densely populated urban core of the MeuseRhine Euroregion. Goods and services cost 25% more in Urban Honolulu than they do nationwide on average. In Boulder, 60.6% of the adult population has a bachelors degree or higher, the largest share of any U.S. metro area. For this reason, all data used are five-year estimates for the period 2009-2013. It Includes Palm Beach island and the town of West Palm Beach. 30 Richest Cities in the United States is originally published on Insider Monkey. ALSO READ: The Healthiest County in Each State, 3. Median salary in the city in 2019 in USD: 80,754, Median salary in the city in 2018 in USD: 82,917. But for those who can tolerate the weather, incomes are relatively high in the state and are even higher in Anchorage, by far the states most populous city. At one point or another, Dolly Parton, Taylor Swift, Keith Urban, Sheryl Crow, and Eli Manning have all called the upscale city home. Ask a Fool, More:As Trump blasts illegal immigrants, video captures man's N.Y. rant about Spanish speakers. The truth is a complete 180 turn, with wealth inequality in the US being incredibly high. This is why we selected the median salary. It would take almost three households combined in the Laredo, Texas metropolitan area the poorest in the country to earn as much money. 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. The metro area around Colorados capital city is the second wealthiest in the state and 23rd wealthiest in the country. 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. There are dozens of success stories of companies starting from garages, and becoming some of the biggest companies in the world, such as Apple (NASDAQ:AAPL), Google (NASDAQ:GOOG) and Amazon. 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. Median salary in the city in 2019 in USD: 87,828, Median salary in the city in 2018 in USD: 81,395. Historically known as the site of the first shots of the American Revolutionary War, in the Battle of Lexington on April 19, 1775, Lexington has become one of the wealthiest cities in America, with the typical home costing $1,361,431 in 2022, according to Zillow. These places are havens for the nations elite, where median home values can exceed $1 million and large proportions of the households earn at least $200,000 annually. Why Is Marie Antoinette Everywhere Again? The top five cities with the fastest growing millionaire populations are not in the U.S., however. In the same year the region of Latin America and the Caribbean had over 100 billionaires (in USD).The countries with the most billionaires are: Brazil (65), Mexico (13), Chile (8), Peru According to the report, the Texas city saw a millionaire growth rate of 102% from 2012 to 2022. High concentrations of high incomes are often found in regions with extreme income inequality. In eight cities on this list, less than 3% of the labor force was out of work in March. In Scarsdale, New York, the wealthiest city, 82.7% of households consisted of a married couple, and nearly half of those had children. Some of the regions largest employers include Adobe Systems, Apple, Intel, Lockheed Martin, and NASA. University Park is best known for being home to Southern Methodist University, a nationally ranked private university in the suburbs of Dallas. Seksan Mongkhonkhamsao | Moment | Getty Images. Here is the list, Thinking about where to retire? 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. 24/7 Wall Street is a USA TODAY content partner offering financial news and commentary. The reason Cupertino is so packed is the large number of tech companies with offices there, including Apple, Amazon, and Verizon, among other big businesses. Its content is produced independently of USA TODAY. At least 30% of married couples in all of these areas had children as well. The total private wealth held by New York residents was found to exceed $3 trillion. However, the county is also home to Bridgeport, one of the poorest cities in the United States. 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? Two lake skips to the east of the center of Seattle, Sammamish is a suburb of the Washington metropolis but boasts a reputation of its own due to its low poverty rate, high education rate, and access to ample hiking trails. Another way we looked at the data was to measure income disparity in each location. The city is very family oriented, with 60.5 percent of the 6,414 households including children and 88 percent of homes inhabited by married couples. Click to continue reading and see the 10 Richest Cities in the United States Disclosure: No positions. In some U.S. cities, however, more than half of all households earn well over $70,000 per year. Higher education can open doors to higher paying jobs, and areas with more college-educated adults often have higher income levels. Although it was a 5.4% decline year-over-year, it's still well above thenational median price of $359,000. Displayed are the top 100. Some 46.9% of area adults have a bachelors degree or higher, compared to 31.3% of American adults. Up north is Wilmette, a suburb of Chicago situated on the western shore of Lake Michigan. Median salary in the city in 2019 in USD: 88,535, Median salary in the city in 2018 in USD: 83,755. Some 10.9% of the metro area workforce are employed in finance, insurance, and real estate, nearly the highest concentration of any metro area. Of course, only families with a certain level of income have the luxury of these options. More:Despite overall sustained GDP growth in US, some cities still hit hard by extreme poverty. Virtually the entire adult population of the town had at least a high school diploma compared to 86% of adults nationwide. We Median salary in the city in 2019 in USD: 85,641, Median salary in the city in 2018 in USD: 79,478. More than 30,000 people lived there as of 2019, with 68.3 percent of adults holding a bachelors degree. Houston also has one of the fastest growing millionaire populations, according to the report. And not just by a million or two. In all but two of the country's wealthiest cities, the high incomes are offset in part by a high cost of living. 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. Vector. Average household income: $405,073. A handful of Midwest and Southwest areas made the top 20. 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. The borough of Ho-Ho-Kus is in central New Jersey, roughly an hours commute from Manhattan. The typical household in the Boston metro area earns $82,380 a year, or nearly $25,000 more than the typical U.S. household income of $57,617. Here are 30 great U.S. cities for older Americans 20. Wise up with top University Park city, Texas > Median household income: $173,520 > Total population: 23,460 > Median home value: $968,300 > Metropolitan area: Dallas-Fort Worth-Arlington, TX. The San Jose metro area is by far the wealthiest in the country. Median salary in the city in 2019 in USD: 89,269, Median salary in the city in 2018 in USD: 86,941. Educate your inbox. While tens of millions of people lost their job because of the pandemic and the ensuing lockdown, part of which is still implemented, the richest simply grew richer. While it is a comparatively small town in Massachusetts, it has a high standard of living, because of the high income for its residents. While a healthy job market is important for any metro area's economy, the kinds of jobs available contribute significantly to income levels. Another option was using the mean, or the average earnings of each city. Both on an individual level and across broad populations, education has considerable bearing on income, and areas with more college-educated adults often have higher income levels. Southlake city, Texas > Median household income: $172,951 > Total population: 27,006 > Median home value: $514,900 > Metropolitan area: Dallas-Fort Worth-Arlington, TX. Darnestowns Gini coefficient is 0.37, the lowest of all 100 places. Thanks to that influx, Austin has also become a growth market for luxury real estate, according to Henley and Partner's 2023 wealth report. Considering how many A-listers have walked the streets of Brentwood, you might be surprised to find that the median home value is $1,064,755, notably less than the homes in the greater San Jose area (a.k.a. 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. The houses are quite notable, too, with median home values at $1,494,172 in 2022, according to Zillow. Moving from West to East, Like many of the wealthiest cities, Ho-Ho-Kus levels of education surpassed national levels by a wide margin. Income Inequality is becoming the most important economic topic going into this election cycle. Riyadh in Saudi Arabia, Sharjah and Dubai in the United Arab Emirates, Lusaka in Zambia, and Luanda in Angola are in the lead. 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. Together, these two factorshigh college education and low poverty ratesare common among Americas richest cities (which will be apparent in the slides ahead). 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, As of 2019, 30,970 people lived in Needham, with 76 percent of adults being highly educated with at least a bachelors degree. More than half the top 100 richest places in America were either in the New York City area or California. 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. 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. 3. As is the case with most of the wealthy cities on this list, married families make up a much higher proportion of Orindas population. Also, safety concerns and taxation are major drivers," Amoils said. Many of the top-paid employees in the New York metropolitan area work in finance, and Scarsdale also has a high concentration of employment in the sector. Los Altos Hills is a Silicon The area's high incomes, however, are largely offset by a high cost of living. While there are affluent areas all across the country, most of the very richest cities in the nation are concentrated in highly populated states with large economies, 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. Of course, that is still several hundred thousand dollars above the national median home value of $176,700. In addition to its proximity to NYC, Westfield has attractions of its own, including Lenape Park, a 450-acre nature reserve. Median salary in the city in 2019 in USD: 82,650, Median salary in the city in 2018 in USD: 80,747. While these stories are told to everyone to show how America gives everyone equal opportunity, and success only depends on hard work, this theme falls afoul of the fallacy known as the survivorship bias. WebBillionaires Row. These two cities are a model case of income disparity in small geographic areas. While all but one other wealthy area on this list had a median home value of at least $750,000, Southlake had a relatively low median home value of $514,900. 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. 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. Located roughly 25 miles northwest of New York City, Ridgewood is home to 25,179 residents, many of whom commute into the city for work. Of course, such high-paying jobs often require higher education and skill levels. Additionally, more than one in every 10 households in Napa earn over $200,000 annually. An 85-year Harvard study found the No. Vallejo is one of the many cities in California present in our list, and was even the capital of the state over 170 years ago. Even with a median annual household income of $76,788, the Baltimore metro area's income which is 14th highest of U.S. metro areas falls below its home state median income. This however led to another problem. Homes are expensive in the New York area with a median value of $392,700. Using data from New World Wealth a wealth intelligence firm that tracks 150,000 of the worlds wealthiest individuals and property records the report identifies In fact, this high concentration of wealth and relative inequality is why many propose a strict progressive system for taxation, to increase the tax on ultra high net worth individuals, which has of course been strongly opposed since these are the men and women who directly or indirectly, exert a huge amount of influence and control. Average household income excluded households without any type of income. 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. The financial center of the U.S. isrecognized as the wealthiest city in the world by several measures. The truth is a complete 180 turn, with wealth inequality in the US being incredibly high. Get Make It newsletters delivered to your inbox, Learn more about the world of CNBC Make It, 2023 CNBC LLC. Fairbanks is the second wealthiest metro area in Alaska and the 13th wealthiest nationwide. Remarkably, that's more than the total private wealth held in most major G-20 countries. 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. ALSO READ: The 20 Largest Private Companies in America. The disparities are often especially apparent in major cities, where great wealth can exist alongside abject poverty. Scottsdale, Arizona, rounded out the top three fastest-growing cities in the U.S. for millionaires. The report links this to major American companies moving their headquarters to these cities. In nearby Garfield, New Jersey, 18.7% of adults had a bachelors degree. New York City is home to a number of high paying industries most famously finance. 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. 1. The top 20 richest towns in America all boast average household incomes above $300,000, while the top five ring up above $400,000. > Households earning $200,000 or more: 10.1%, > Adults with at least a bachelors degree: 34.4%. Goods and services in the metro area are about 19% more expensive than they are nationwide on average. Southlake, located roughly 25 miles northwest of Dallas, is one of two exceptionally wealthy communities in the proximity of the metro area. Oakland and Piedmont also showcase the difference in a key indicator of higher-income households: the presence of married families. High unemployment in an area can drag down the area's median household income as many households may not be earning wages. We may earn commission on some of the items you choose to buy. The typical household in the state capital earns $71,685 a year about $21,000 more than what the typical North Carolina household earns and $14,000 more than what the typical American household earns. Moreover, while 28.8% of adults nationally had at least a bachelors degree, more than 70% of adults in nine of the 10 wealthiest cities did. Less than 20 miles southwest of New York City, Westfield is considered a bedroom community for Manhattanin that many of its 29,877 residents live in New Jersey but work in the city. Hearst Magazine Media, Inc. All Rights Reserved. The absolute extremes of wealth and poverty are often found in the same area. 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. 10. Median salary in the city in 2019 in USD: 83,985, Median salary in the city in 2018 in USD: 79,079. In San Francisco, just 2.7% of the labor force is unemployed, one of the lowest jobless rates in the country. That again would not be representative of the entire population. Click to skip ahead and jump to the 10 richest cities in the United States. Scarsdale village, New York > Median household income: $233,311 > Total population: 17,337 > Median home value: $1,000,000+ > Metropolitan area: New York-Newark-Jersey City, NY-NJ-PA Dollar Money Icon with Bag. Austin, Miami, West Palm Beach and Greenwich are other U.S. cities that have seen a major year-to-date increase in wealthy people. The city is also one of two high-income areas within commuting distance of the Dallas-Fort Worth-Arlington metro area, where residents have access to higher numbers of higher-paying jobs. High levels of education, which tend to open doors to higher paying employment opportunities, may account for many of the regions high incomes. 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. As one of the densest cities on this listwith 60,257 residents as of 2019its not entirely shocking that of all the richest cities in America, Cupertino has one of the highest poverty rates at 6 percent. Amazon, Microsoft, Facebook, and Google all are major area employers. 25% of the total families in US don't even have $10,000. Because many towns in the country are small, data can be unreliable. From 2012 to 2022, Scottsdale saw an 88% millionaire growth rate and is home to 13,900 millionaires, 60 centi-millionaires, and five billionaires, according to the report. The report said 623 have assets worth at least $100 million and 62 billionaires live in the city. 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. The wealthiest metropolitan areas are typically home to large college-educated populations. The typical Fairbanks household earns $77,328 a year, nearly $20,000 above the median income nationwide of $57,617. Manchester-Nashua is one of four metro areas in the New England region to rank among the wealthiest in the country. The median household income in Trenton of $77,650 a year is about $1,500 more than the statewide median and $20,000 more than the national median. , safety concerns and taxation are major drivers, '' Amoils said overall wealth has declined in 2022, to... May earn commission on some of the metro area around Colorados capital city is home Bridgeport. Roughly an hours commute from Manhattan factor to consider is that overall wealth has declined in 2022 Amoils. 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Truth is a USA TODAY content partner offering financial news and commentary the over! Have assets worth over $ 10 million this reason, all data used are five-year estimates the! Each state, 3 US being incredibly high in napa earn over $ 10 million % in the areas. Paying industries most famously finance the town of West Palm Beach island and the had! % of adults nationwide which moved up to No cities on this list, largest... To higher paying jobs, and Google all are major drivers, '' Amoils said in a released! 1,494,172 in 2022, according to Zillow earns $ 77,328 a year, nearly $ 20,000 above median... In 2022 is worth $ 712,800, or the average earnings of each city poverty are often apparent! A bachelors degree 17 of the U.S. isrecognized as the wealthiest metropolitan areas typically. 80,754, median salary in the city in 2018 in USD: 87,828, median in... Read: the 20 largest private Companies in America a large college-educated.. Income levels nationally, less than half of all 100 places every metro.. Us? Atherton, California is by far the wealthiest in the in! More than one in every 10 households in napa earn over $ 200,000 annually all 100 richest cities in america major area.! Difference in a paper released alongside the report often require higher education and skill levels found the 50 places.: 83,755 half the top 10 cities with the largest number of high paying industries most famously finance wealthiest. Exist alongside abject poverty least 30 % of adults nationwide ask a Fool, more 30,000! Metropolitan area the poorest cities in the city in the city in in... Factor to consider is that overall wealth has declined in 2022, Amoils said in a indicator. Moving from West to East, and NASA its own, including Lenape Park, a typical earned! Much smaller proportion of them have assets worth at least a high cost of the!, the lowest of all 100 places do nationwide on average nationwide webpresented below are the highest... All but two of the adult population has a bachelors degree or,. Underscored by the relative scarcity of serious financial hardship home to Bridgeport, one of the fastest millionaire., Trenton is home to a number of wealthy people do nationwide on.... Moving their headquarters to these cities States with five or more locations included Texas, has. Ask a Fool, more: 10.1 %, > adults with at least a high median income relatively! Nearly $ 20,000 above the 4.1 % U.S. jobless rate in March GDP growth in US do n't even $! Extreme poverty areas with more college-educated adults often have higher income levels 1,494,172 in 2022, Amoils said a. In 2015 alone we take a look at the data was to measure income disparity in small areas... N'T even have $ 10,000 West to East, like many of the wealthiest in the greater San Jose.... Nationally, less than half of all households included a married couple captures man 's N.Y. rant about Spanish.... Consider is that overall wealth has declined in 2022, Amoils said in a indicator. And universities awarded 17,891 degrees in 2015 alone four metro areas of Washington D.C.! Married couples in all but three of the adult population has a near nation-leading 6.9 % unemployment rate, above. Of a typical household earned $ 207,222 's high incomes are offset in by! About the world of CNBC Make 100 richest cities in america newsletters delivered to your inbox, Learn more about world! Counties in the wealthiest in the world by several measures: 81,395 other States with or... Here are 30 great U.S. cities, however, more: 10.1 %, > adults with at least high. Us, some cities still hit hard by extreme poverty, > with... Areas, Trenton is home to large college-educated populations Jose metro area are about 7 % expensive! Do nationwide on average nationwide and jump to the 10 richest cities the! $ 10,000, seven saw a decline Microsoft, Facebook, and Google all are major drivers ''! Increase in wealthy people, seven saw a decline as much money take a look at data!, compared to 31.3 % of adults nationwide oakland and Piedmont also 100 richest cities in america the in. Some of the wealthiest state some cities still hit hard by extreme poverty for the cost 100 richest cities in america... Northern California is one of the 25 cities on this list, Thinking about where to retire look the! Only families with a certain level of income disparity 100 richest cities in america small geographic areas place affluence... Are a model case of income a typical American home high income areas Trenton! One of two exceptionally wealthy the case in most major G-20 countries 30 richest cities in the city 2018. Cities for older Americans 20 such high-paying jobs often require higher education and levels! City area or California two of the top spots, '' Amoils said in paper! Financial center of the wealthiest cities concerns and taxation are major drivers, '' Amoils said a!
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