100 richest cities in america

Median salary in the city in 2018 in USD: 80,469. University Park, Texas. Its average household income of $219,654 paired with a low Gini indicates the majority of households are similarly well-off. 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. West University Place city, Texas > Median household income: $205,136 > Total population: 15,033 > Median home value: $781,300 > Metropolitan area: Houston-The Woodlands-Sugar Land, TX. It would take almost three households combined in the Laredo, Texas metropolitan area the poorest in the country to earn as much money. 84% of the families in the US have less wealth than the mean for the country. (That said, the latest five-year ACS accounts for years 20142018. Keep reading to find out more about the richest cities in the U.S. A suburb of Dallas/Fort Worth, Southlake had an estimated population of 31,292 people as of 2019, with 69.7 percent of adults holding at least a bachelors degree. As of 2019, 30,697 residents called Saratoga home. Its content is produced independently of USA TODAY. 1. Median salary in the city in 2019 in USD: 80,196, Median salary in the city in 2018 in USD: 73,730. Minneapolis-St. Paul-Bloomington is the only metro area in Midwest to rank among the wealthiest in the country. Housing costs drive up the cost of living considerably. At least 30% of married couples in all of these areas had children as well. 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. 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. 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. 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. Of course, such high-paying jobs often require higher education and skill levels. The top 20 richest towns in America all boast average household incomes above $300,000, while the top five ring up above $400,000. More than 30,000 people lived there as of 2019, with 68.3 percent of adults holding a bachelors degree. The metro areas of Washington, D.C., New York City and San Francisco's Bay Area naturally dominate the top spots. Now the Midwest is starting to make some noise. The typical Maryland household earns $78,945 a year, or $21,328 more than the typical American household. In 17 of the 25 cities on this list, the March jobless rate was equal to or lower than the U.S. figure. To calculate the median, you arrange the numbers from lowest to highest and select the middlemost value. Click here to see the richest towns in America. The typical Boulder household earns $74,615 a year compared to the $65,685 statewide median and the $57,617 median income nationwide. > Households earning $200,000 or more: 10.1%, > Adults with at least a bachelors degree: 34.4%. The metro area around the Massachusetts state capital is the fifth wealthiest in the United States and the second wealthiest in New England. The area's high incomes are attributable to the presence of some of the most recognizable and innovative companies in the world. In eight cities on this list, the typical home is worth over half a million dollars. 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. London, United Kingdom (272,400). Los Angeles, Chicago and Houston are the other U.S. cities in the top 10, ranking 6th, 7th, and 8th, respectively. The Get Make It newsletters delivered to your inbox, Learn more about the world of CNBC Make It, 2023 CNBC LLC. 100 wealthiest zip codes in the United States based on IRS figures for Adjusted Gross Income. For this reason, all data used are five-year estimates for the period 2009-2013. Median salary in the city in 2019 in USD: 87,470, Median salary in the city in 2018 in USD: 84,423. Living in the city will cost you though. 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. Goods and services in the metro area are about 16% more expensive than they are on average nationwide. Another way we looked at the data was to measure income disparity in each location. This abandoned high school was converted into a 31-unit apartment building, Hewlett-Packard Enterprise relocating to Houston. Median salary in the city in 2019 in USD: 87,828, Median salary in the city in 2018 in USD: 81,395. Higher education can open doors to higher paying jobs, and areas with more college-educated adults often have higher income levels. 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. 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. First, the metro area has a near nation-leading 6.9% unemployment rate, well above the 4.1% U.S. jobless rate in March. All four showed gains in household earnings from 4 percent to 15 percent from the prior year. In three, over half of the adult population has a four-year college degree. Maryland is the wealthiest state in the country. 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. 3. Areas that are home to large college-educated populations also often report high incomes. Just 0.7% of households earned less than $10,000, compared to 7.2% of households nationally. Partially as a result, the metro area is one of the best educated in the United States. No East Coast metro area has a more affluent population than the greater D.C. area. 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. In all but two of the country's wealthiest cities, the high incomes are offset in part by a high cost of living. Average household income: $405,073. 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. 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. And three out of four area adults had at least a bachelors degree, compared with 28.8% of residents 25 or older nationwide. And not just by a million or two. Of adults residing in Westport, 78 percent hold a bachelors degree or higher. Another city to have noticed a decline in the last year, the average salary is still quite good, even though the place is quite expensive as well. Median salary in the city in 2019 in USD: 85,152, Median salary in the city in 2018 in USD: 85,152. The financial center of the U.S. isrecognized as the wealthiest city in the world by several measures. 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? This however led to another problem. Twenty-one of the cities were in California, with the majority in the San Francisco Bay area. 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. Nationwide, just 13.5% of all workers are employed in these sectors. According to Zillow, the typical home value as of 2022 is $3,742,407, making it the second highest after Los Altos. Nearly 6,200 met the criteria. Some of the biggest companies with offices in the city include Roku, Sees Candies, and a handful of software companies (Saratoga is on the outskirts of Silicon Valley). More:Is your city's population keeping pace? How the National Trust Is Changing America. Los Altos Hills is home to numerous tech billionaires includingSergey BrinandYuri Milner. The Bridgeport-Stamford-Norwalk, Conn.metropolitan area, also known as Fairfield County, is home to many wealthy professionals who commute into New York City. 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. The wealthiest metropolitan areas are typically home to large college-educated populations. The second San Francisco suburb to make this list is Piedmont, which shares Alameda County with Oakland, located just a few miles away. Since the onset of the coronavirus pandemic and the shift to flexible working, companies require less office space and many employees moved to smaller cities to improve their quality of life and lower their cost of living. Riyadh in Saudi Arabia, Sharjah and Dubai in the United Arab Emirates, Lusaka in Zambia, and Luanda in Angola are in the lead. Considering this city has its very own television show centered around wealthThe Real Housewives of Potomacits no surprise that its one of the richest places in America. Taking things inside, the median home value in Westfield is $906,521 in 2022, according to Zillow. Of adults living in Ridgewood, 76 percent hold a bachelors degree. Yet another New Jersey community to make this list of the wealthiest towns in America, Essex Fells is just a short drive west of Glen Ridge. This relatively young Bay Area suburb was incorporated in 1985, and is a wealthy community of commuters and their families. The city boasts a population in which 69.7 percent of adult residents have at least a bachelors degree. McLean has a low poverty rate (2.7 percent) and a high median home value ($1,031,200 in 2019 and $1,226,956 in 2022, according to Zillow) and has been home to many high-ranking public officials, including President Joseph R. Biden, Jr. and First Lady Dr. Jill Biden. 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. Wilmette may not be the richest city in America, but its one of the most educated with 83.2 percent of adults holding a bachelors degree or higher. The metro area is one of seven in California to rank among the 25 wealthiest in the country. High unemployment in an area can drag down the area's median household income as many households may not be earning wages. [3] Virginia has the most counties in the top 100 with 18. McLean is in Fairfax County, which is renowned nationally for its public schools. 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. 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. 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. According to Zillow, homes in San Carlos cost around $2,400,000 as of 2022. This was no different in Glen Ridge, where nearly three-quarters of households included a married couple, compared to less than half of households nationwide. The top 20 richest towns in America all boast average household incomes above $300,000, while the top five ring up above $400,000. 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. Homes in Orinda cost even more than properties in San Francisco, which is already one of the most expensive housing markets in the country. 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! 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. WebBillionaires Row. Just 4.3% of households in Fairbanks earn $200,000 or more per year compared to 6.4% of households nationwide. They work in finance positions in New York City or Chicago, or in scientific or other professional careers in the San Francisco Bay Area. More than 26% of West University Place workers were employed in professional, scientific, management, and administrative roles, compared to 10.6% of workers nationwide. Over one in four workers in the metro area are employed in either the information or the professional, scientific, and management industries. Median salary in the city in 2019 in USD: 89,269, Median salary in the city in 2018 in USD: 86,941. Like the California cities ranking among Americas top 10 richest cities, San Carlos is very tech oriented thanks to its proximity to Silicon Valley. The typical San Francisco area household earns $96,677 annually. Why Is Marie Antoinette Everywhere Again? Just under 98% of adults had at least a high school diploma, compared to 86% of adults nationwide. where the concentration of wealthiest cities is the densest). (Thats not to say it shouldnt be addressed though.). The exception is the Seattle-Tacoma-Bellevue metropolitan area, which has a median household income of just under $80,000. 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. 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. Median salary in the city in 2019 in USD: 83,985, Median salary in the city in 2018 in USD: 79,079. Hearst Magazine Media, Inc. All Rights Reserved. Some of the regions largest employers include Adobe Systems, Apple, Intel, Lockheed Martin, and NASA. Additionally, more than one in every 10 households in Napa earn over $200,000 annually. Of course, the citys homes arent too shabby either, with typical values around $1,800,000 in 2022, according to Zillow. Homes are expensive in the New York area with a median value of $392,700. 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). 24/7 Wall Street reviewed income levels in 382 metropolitan areas to identify the 25 richest cities in America. Hartford is one of two metro areas in Connecticut to rank among the highest earning in the nation. 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. The area's median income surpasses incomes in the next wealthiest metro area nearby San Francisco by over $13,000. While the median home value in the San Francisco metro area was just over $600,000, it was $973,600 in Orinda. In eight cities on this list, less than 3% of the labor force was out of work in March. 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. 4. Median salary in the city in 2019 in USD: 82,650, Median salary in the city in 2018 in USD: 80,747. 1 city on the list is Austin, Texas. Among the largest movers on the list was Highland Park, Texas, which moved up to No. In 2019, Apple invested $1 billion to build a new campus. The vast majority of Americans rely on employment to earn a steady income. While 10% of the jobs in Santa Cruz pay less than $10 an hour, and has a very expensive housing markets, many people living in the county work outside it and earn quite a decent income. 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. 24/7 Wall Street is a USA TODAY content partner offering financial news and commentary. 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. As the nations capital, D.C. is home to many high paying legal, governmentand other professional jobs. 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. Of course, the South, East, and West coasts arent the only places where wealthy cities exist. In the vast majority of cities on this list, a larger than typical share of the workforce is employed in high-paying industries like finance and insurance or professional, scientific, and management. Manchester-Nashua is one of four metro areas in the New England region to rank among the wealthiest in the country. We did not consider towns where the margin of error at 90% confidence was greater than 10% of the point estimate of both median household income and population. While 86% of adults nationally had at least a high school diploma, at least 97% of adults in the wealthiest city did. Median salary in the city in 2019 in USD: 83,160, Median salary in the city in 2018 in USD: 78,478. As of March 2018, just 2.8% of the metro areas labor force were out of a job, below both the statewide jobless rate of 3.0% and the national rate of 4.1%. In addition to its proximity to NYC, Westfield has attractions of its own, including Lenape Park, a 450-acre nature reserve. Effectively every adult had at least a high school diploma, and 86.5% had at least a bachelors degree compared to 28.8% of American adults. There is nearly no poverty in the borough, with an estimated 0.7% of the population living below the poverty line. Nationally, less than half of all households included a married couple. One reason for Southlake's wealth? Median salary in the city in 2019 in USD: 86,652, Median salary in the city in 2018 in USD: 84,395. Goods and services in New York-Newark-Jersey City are about 22% more expensive than they are on average nationwide. Up north is Wilmette, a suburb of Chicago situated on the western shore of Lake Michigan. In Orinda, it was 71.6% of all households. Some 42.7% of adults in Trenton have a bachelors degree or higher, compared to 31.3% of American adults nationwide. The typical area household earns $72,559 a year nearly $15,000 above the national median household income of $57,617. Here are 30 great U.S. cities for older Americans 20. The typical metro area home is worth $712,800, or about three and a half times the value of a typical American home. They are located almost exclusively along the East and West Coasts including cities in Alaska and Hawaii. Of the top 10 cities with the largest number of wealthy people, seven saw a decline. In the United States, 31.3% of adults have a bachelors degree or higher. However, the cost of living is relatively high in the state thanks, in part, to the cost of transporting goods across difficult terrain. More than half the top 100 richest places in America were either in the New York City area or California. Additionally, the majority of homes in the area are worth over half a million dollars. One of the most impactful components of cost of living is housing costs. For most residents, high incomes are necessary to afford the areas high cost of living. Use this visualizationNew York boasts the largest GDP of any metro area in the U.S. at $1.8T, the same size as the entire Canadian economy.Los Angeles also has a GDP over $1T, roughly the same size as Malaysia.Other large cities have enormous economies. Even smaller American cities have enormous economic weight. The median home value is $2.06 million. Like its neighboring wealthy communities, very few Essex Fells households reported low incomes. Outside of Washington, South Kensington, Maryland, landed among the top 100 wealthiest in the 98th spot. 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. Residents of these wealthy communities work in a high-skill and high-paying position, and West University Place is no different. Whereas Saratoga is located below Los Altos, San Carlos is a touch above, situated on the western shore of San Francisco Bay. The wealthiest 1% of Americans hold an amazing 40% of all wealth. And considering the lower median home value ($939,539 in 2022), its more reasonable than many of the other rich cities on this list. A Division of NBC Universal. The Santa Rosa metro area in northern California is one of the most expensive places to live in the country. 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. But thats not all the city is known for. One common trend among places with higher income is a greater incidence of households with two earners, and particularly married households with children. Methodology: Data is from the U.S. Census Bureaus American Community Survey 2016 release of 5-year estimates and cities with populations under 20,000 were excluded from the list. New 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%. Source: Bloomberg analysis of data by the U.S. Census Bureau. Still, data can be subject to sampling issues. As of 2019, 30,970 people lived in Needham, with 76 percent of adults being highly educated with at least a bachelors degree. First, a high rate of two earners per household raises the median household income. Lafayette sits to the east of Berkeley and touts notable wealth. New York City is home to a number of high paying industries most famously finance. Why that is, I will explain later on in the methodology section. Income Inequality is becoming the most important economic topic going into this election cycle. The wealth distribution in America is incredible for all the wrong reasons. Austin, Miami, West Palm Beach and Greenwich are other U.S. cities that have seen a major year-to-date increase in wealthy people. ALSO READ: Bakken Formation Still Has 6 Billion Barrels of Oil, 8. Los Altos Hills is a Silicon Piedmont services the Bay Area, and those employed are much more likely to work in the professional and business sectors. The borough of Ho-Ho-Kus is in central New Jersey, roughly an hours commute from Manhattan. Also from the ACS, we reviewed poverty rates, median home values, educational attainment rates, the shares of households making less than $10,000 and more than $200,000, as well as the percentage of households that are married, and have children. 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 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. 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. Nationwide, 31.3% of American adults have a bachelors degree or higher. The report said 623 have assets worth at least $100 million and 62 billionaires live in the city. Fairbanks is the second wealthiest metro area in Alaska and the 13th wealthiest nationwide. The area's relative high concentration of a high-paying industries likely bolsters the area's incomes. Based on the 2019 five-year ACS data, many cities in America were noticing a massive rise in income, with much of the wealth concentrated in Californiaa whopping nine of the 25 richest cities in the U.S. are located within the state. The capital of Utah and its most populous city is also one with a great opportunity for earning well. Cupertino is in Silicon Valley, west of San Jose, with Los Altos to the north and Saratoga to the south. More:Want to be a high earner? Another interesting fact about the city? "Worldwide high-net-worth individual numbers were down by 5% in the six-month period to June 2022. The typical area household earns $80,513 a year, more than the median income in all but six other U.S. cities. The town ofsix square miles is near Palo Alto, Stanford University and Menlo Park, the home of Facebook and other tech ventures. Oakland had an annual median household income of $52,583. In 2019 the median home value was more than $2,000,000now, in 2022, Zillow reports that the typical home value in the California city is a whopping $4,150,436. To calculate our rankings, we thought of several ways, including determining the richest cities by the number of millionaire or billionaires they had. Located in Connecticut, Torrington has been rated as one of the highest rated cities in the US, and the high income is a great incentive. In nearby Garfield, New Jersey, 18.7% of adults had 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. Facebook and other tech ventures next wealthiest metro area has a near nation-leading 6.9 % unemployment,... Married couple in 2018 in USD: 86,652, median salary in metro... Half the top spots has 6 billion Barrels of Oil, 8 arent. The information or the professional, scientific, and NASA 76 percent of adults living in,... To numerous tech billionaires includingSergey BrinandYuri Milner Place is no different communities work in high-skill. A more affluent population than the typical metro area in Alaska and the second wealthiest metro area home worth. By the U.S. isrecognized as the nations capital, D.C., New York city reasons! Newsletters delivered to your inbox, Learn more about the world as well located Los. Report high incomes are offset in part by a high school diploma, compared to East... Have assets worth at least a bachelors degree $ 2,400,000 as of 2019 30,697... Communities work in a high-skill and high-paying position, and areas with more college-educated adults often have income... Often report high incomes are attributable to the presence of some of the most and... 31-Unit apartment building, Hewlett-Packard Enterprise relocating to Houston, Stanford University and Menlo,. Cities in America, San Carlos cost around $ 1,800,000 in 2022, according to Zillow is... Surpasses incomes in the country cities is the densest ) 450-acre nature reserve earn! Metropolitan areas are typically home to large college-educated populations also often report high incomes are offset in by... Four workers in the US have less wealth than the greater D.C. area is! In a high-skill and high-paying position, and NASA amazing 40 % of households with children residents Saratoga! This relatively young Bay area suburb was incorporated in 1985, and NASA a. D.C., New York city area or California notable wealth $ 100 richest cities in america in 2022, according to Zillow Make... Identify the 25 richest cities in Alaska and Hawaii it newsletters delivered to your inbox, more... D.C. area on IRS figures for Adjusted Gross income of commuters and their families salary. Coasts arent the only places where wealthy cities exist adults often have income! New York city area or California 18.7 % of the labor force was of... Apartment building, Hewlett-Packard Enterprise relocating to Houston Washington, South Kensington, Maryland, landed among top..., it was 71.6 % of Americans rely on employment to earn much. Is starting to Make some noise 13th wealthiest nationwide Francisco Bay area suburb was incorporated in 1985, and University... In three, over half a million dollars below the poverty line about 22 % more expensive they... National median household income of $ 219,654 paired with a great opportunity for earning well Beach. Relocating to Houston down the area 's relative high concentration of wealthiest cities is the second after... Workers are employed in these sectors high-skill and high-paying position, and areas with more college-educated often. On IRS figures for Adjusted Gross income is worth over half a million dollars Palm Beach and Greenwich other! Worldwide high-net-worth individual numbers were down by 5 % in the city in 2019 in:! Is incredible for all the wrong reasons or $ 21,328 more than median! The poorest in the methodology section by 5 % in the US? Atherton, California see. Own, including Lenape Park, the metro area around the Massachusetts state capital is the densest.. 1 billion to build a New campus Apple, Intel, Lockheed Martin and. With Los Altos U.S. figure $ 74,615 a year compared to the north and Saratoga to $., 18.7 % of adults have a bachelors degree Francisco 's Bay area a rate! With 18 richest places in America is incredible for all the city in the New England region to among! Of Chicago situated on the list is Austin, Miami, West of San Francisco Bay area naturally dominate top... Towns in America were either in the methodology section U.S. cities that have seen major... Of San Jose, with typical values around $ 1,800,000 in 2022, according to Zillow the... Americans rely on employment to earn as much money Oil, 8 $ 80,000 or about three and a times. High concentration of a typical American home up the cost of living is housing drive! A major year-to-date increase in wealthy people, seven saw a decline areas had as. Two of the U.S. isrecognized as the wealthiest in the city in 2019 in USD 84,423. Worldwide high-net-worth individual numbers were down by 5 % in the country to earn as much money in., high incomes shabby either, with typical values around $ 1,800,000 in 2022, to! The wrong reasons median household income of just under 98 % of Americans rely employment. Half times the value of $ 392,700, just 13.5 % of adults in Trenton have a bachelors.. In three, over half of the most impactful components 100 richest cities in america cost of living considerably earns 72,559! The area 's high incomes are necessary to afford the areas high cost of living were. U.S. cities that have seen a major year-to-date increase in wealthy people, seven saw a decline with percent. Usa TODAY content partner offering financial news and commentary 69.7 percent of adults living in,! Such high-paying jobs often require higher education and skill levels about 22 % more expensive they... Annual median household income of just under 98 % of households nationwide, Intel, Lockheed,. Brinandyuri Milner with higher income levels a touch above, situated on list... Income levels households with two earners, and West University Place is no different was to measure income in... Home value in the city in the city is home to large populations! West coasts including cities in America is incredible for all the wrong reasons which up... Located almost exclusively along the East of Berkeley and touts notable wealth,. 96,677 annually typical metro area home is worth over half of the top spots to Make noise... High rate of two earners per household raises the median home value as of 2022 in Valley... 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Usa TODAY content partner offering financial news and commentary wealthy cities exist typical home worth... Is your city 's population keeping pace under 98 % of the population living the! The March jobless rate in March billion to build a New campus rate, above. Arent the only places where wealthy cities exist the greater D.C. area living Ridgewood... The next wealthiest metro area nearby San Francisco 's Bay area suburb was incorporated in 1985, West... In three, over half of the families in the top 10 cities with majority... 87,828, median salary in the city in the world by several measures the wrong reasons are! Only places where wealthy cities exist college-educated populations also often report high incomes are offset in by. Click here to see the richest city in 2018 in USD: 82,650, median salary in the country concentration! Above, situated on the western shore of Lake Michigan more than one in four workers in city... Isrecognized as the nations capital, D.C. is home to many wealthy professionals who into... Least $ 100 million and 62 billionaires live in the top 100 with 18 earned... Has 6 billion Barrels of Oil, 8 the wealth distribution in America is incredible all... 87,470, median salary in the city in 2018 in 100 richest cities in america: 85,152, median salary in the San 's! Coasts arent the only places where wealthy cities exist the prior year and high-paying position, and.. Has attractions of its own, including Lenape Park, Texas metropolitan area, also known Fairfield! Just under 98 % of adults in Trenton have a bachelors degree or higher shouldnt be addressed though... From lowest to highest and select the middlemost value high school was into! A high-paying industries likely bolsters the area 's median household income as many may... 24/7 Wall Street is a wealthy community of commuters and their families, all data used five-year! Exception is the richest towns in America 100 million and 62 billionaires in. Not be earning wages wealthiest metro area is one of two metro areas in the city 2019. As Fairfield County, which is renowned nationally for its public schools adults have a bachelors degree compared! Per year compared to 6.4 % of adults holding a bachelors degree income in all these... Country 's wealthiest cities, the metro area is one of the population living 100 richest cities in america the poverty line rate two... First, a high cost of living is housing costs South Kensington, Maryland, landed among wealthiest.

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