Here is the list of top 14 wealthiest towns in America as of March 2023 1. PalmBeach, Floridahome of President Donald Trumps Mar-a-Lago country clubranked second. As of 2022, the median home value is listed at $1,277,815, according to Zillow. This might sound like a decent chunk of change, but when you think about how much it costs to live here, suddenly it might not seem like a lot. Every item on this page was chosen by a Veranda editor. 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. Whereas Saratoga is located below Los Altos, San Carlos is a touch above, situated on the western shore of San Francisco Bay. Would you have guessed Detroit, Cleveland and Hartford, Connecticut? 527. This Westchester County, New York, town was first developed in the 18th century. We may earn commission on some of the items you choose to buy. 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. Abu Mubarik . 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. The average income is $76,000 and the average house price is $207,000. The residents here aren't necessarily famous, but they're definitely rich. Millions of people have lost their jobs due to the effects of the Covid-19 pandemic and now the machines will take away even more jobs from workers, according to the WEF. 8 spot, San Francisco is home to four fewer billionaires than last year. Outside of Washington, South Kensington, Maryland, landed among the top 100 wealthiest in the 98th spot. Then, U.S. Senate Leader Mitch McConnell (R-KY) refused to call the bill. San Antonio, Texas (tie) Median household income: $46,754 Home ownership rate: 44.3. (That said, the latest five-year ACS accounts for years 20142018. Despite the heightened competition, media magnate Michael Bloomberg remains the richest resident, accounting for some 13% of the citys total billionaire wealth. 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. In addition, this city has a low unemployment rate, and one of the state's lowest poverty rates. Population: 146,145Rank Last Year: 6 (No Change)Median Income: $129,497 (4th best)Unemployment Rate: 3.5% (16th best)More on Bellevue: Real Estate|Crime|Cost Of Living. Perhaps. 2, Shenzhen fell to No. [1] Top 25 richest Americans [ edit] With one of the most economically tumultuous years coming to a close, its a chance to take stock and look at the financial landscape of American households as 2021 begins. These Are The 20 Richest Towns in America, This Cook County, Illinois, town is perhaps best known as the setting for director John Hughes. Like Loudoun, a number of the country's wealthiest households are tightly concentrated in counties around the nation's capital. with a median household income of $250,001. As for home value, the typical home in Potomac in 2022 is worth $1,186,488, according to Zillow. Ranked #1 in the state of Oklahoma on the 2023 Forbes "Best-In-State Wealth Management Teams"* list (Published on January 12, 2023. Los Altoswhich means The Heights in Spanishis on the western border of Silicon Valley, located in the San Francisco Bay area. Southlake, Texasknown for its exemplary public schools (one of which has won eight football state championships)is the richest city in the United States for 2022, according to .css-7l5upj{-webkit-text-decoration:underline;text-decoration:underline;text-decoration-thickness:0.0625rem;text-decoration-color:inherit;text-underline-offset:0.25rem;color:inherit;-webkit-transition:all 0.3s ease-in-out;transition:all 0.3s ease-in-out;}.css-7l5upj:hover{color:#595959;text-decoration-color:border-link-body-hover;}24/7 Wall St., which used five-year estimates of median household income from the U.S. Census Bureaus 2019 American Community Survey (ACS). You won't see condos here. It's pretty easy to see where the richest people live. A fresh infusion of wealthand trouble in Asias markets over the past yearhelped end the short-lived reign of Beijing, which usurped New York as the top billionaire city for the first time in six years in 2021. To help us get closer to The Highland Project's work, Founder and CEO Gabrielle Wyatt took time to share words that inspire her vision for an America that abundantly invests in Black women in . Notable residents include John Elway and Peyton Manning. No. This southern Westchester County, New York, town is just 15 miles from Midtown Manhattan, which means its residents have easy access to the city and all the trappings of wealthy small-town lifecharming residential architecture, a walkable town center, and great public schools. Shah Rukh Khan has . Today, the median home value in this New York City suburb is over $1.4 million, according to Zillow. Located along the Long Island Sound, Westport is just 52 miles northeast of New York City, making it a popular destination for those looking to work in the city but live outside of it. Musk's estimated net worth is $251 billion, which is over 13 times richer than Dalio, the richest person in Connecticut. But money does indeed buy happiness. The richest cities in the U.S. are glittering metropolises where super-wealthy people gather and even relatively modest homes costs millions of dollars. This is our ninth time ranking the. In addition to its proximity to NYC, Westfield has attractions of its own, including Lenape Park, a 450-acre nature reserve. San Francisco, the home of Silicon Valley, tops the list. Forbes Well, that's probably because the students have better cars than their teachers. According to Forbes' Real-Time Billionaires Rankings, as of February 2020, New York City is the American city with the most billionaires, with 82 billionaires. Beijing fell to No. Here are Forbes' wealthiest Africans for 2023. Using data from the U.S. Census Bureaus 2019 American Community Survey five-year estimates, we analyzed nearly 30,000 U.S. cities, towns, villages, boroughs and Census-Designated Places (CDPs) in terms of their median household income and mean household income. West Palm Beach, Florida, ranked second on the list. There is no struggling here. Glencoe, IL (income: $358,543/ bailout: $4.4 million) Situated on Lake Michigan and just north of Chicago, Glencoe is the richest town in Illinois. That would be Frisco, Texas -- a little nook just outside of Dallas. 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. And you can bet that many of the residents here are aware of the fact that they're only the second richest people in the state, too. Part of greater Boston, Wellesley is home to three collegesWellesley College, Babson College, and a campus of Massachusetts Bay Community Collegewhich makes it no surprise that the city has the fifth highest percentage of adults with at least a bachelors degree. 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. Darien, CT (income: $352,839/ bailout: $10.7 million) A storied East Coast community, notable residents included Charles Lindberg, Vineyard Vines CEO and founder Ian Murray, and many actors, politicians, and CEOs. This Dallas suburb is home to Southern Methodist University, which was founded in 1915, and the George W. Bush Presidential Center. We contacted Speaker Pelosi and the Atherton city manager for comment and did not receive a response. A total of five billionaires on this year's list hail from North Carolina. Billionaire Trader Ken Griffin Navigates A Flock Of Black Swans. Castle Pines Source: Public domain Overall SnackAbility 6 /10 Population: 10,977 Rank Last Year: 1 (Down 1) The wealthiest people in Africa made an estimated net worth of $81.8 billion, thus a $3.1 billion decline from the previous one. For the rest of America, we can feel better about ourselves when we define rich as love, friends, health or the little things in life. The city, which is home to 47,682 residents, is on the outskirts of Washington, D.C., and sits across the Potomac River from Potomac, Maryland (another one of the richest cities in America). The collective fortune of the billionaires living in Russias capital is now $214.9 billion, down from $420.6 billion last year. The typical home value in Palm Beach is just shy of $1.7 million, according to Zillow. Another way we looked at the data was to measure income disparity in each location. Forbes' Post Forbes 18,071,009 followers 40m Report this post Report Report. These are the 25. We use data, analytics, and a sense of humor to determine quality of life for places across the nation. Well, maybe there's a lot less about the midwest than you thought you knew, kiddo. Anything above that is denoted as $250,000+. On the other hand, it tracks median incomes down to $2,500, with those below bellowing denoted -$2,500. Mean household incomes are not capped. According to Zillow, the typical home value in University Park is $1,792,211, with particular demand rising between 2020 and 2022. Take a look at the magazine's 2018 list of cities where African-Americans are doing the best economically 8. The Countries With The Most Billionaires 2022, The World's Youngest Billionaires 2022: 12 Under Age 30, Billionaires 2022: These 4 Countries Got Their First Billionaire This Year, Forbes 36th Annual Worlds Billionaires List: Facts And Figures 2022, Trumps Net Worth Has Jumped An Estimated $600 Million Since He Left Office, How MacKenzie Scott Has Given Away BillionsAnd Is Still One Of The Worlds Richest Women, The Wealthiest Person In Crypto Climbs Into Worlds 20 Richest, Heres How Big A Hit Russias Billionaires Have Taken In The Past Year, The Worlds Youngest Billionaires 2022: 12 Under Age 30, New Billionaires 2022: Rihanna, Peter Jackson And 234 Others Join The Ranks This Year, This Russia-Born Billionaire Owns One Of The Worlds Largest Game Developers. In that sense, its a bedroom community for the nations capital. When you think of wealthy areas in California, some people may think Beverly Hills or Sunnyvale. The city continues to attract some very educated people; about 44% of adults in the area have at least Bachelor's Degrees. Forbes in Boydton, VA Expand search. Their workforce is also among the best-educated in the state, too. You can see their impact on the stats. Oakland is a wealthy suburb of Memphis in southwest Tennessee. if(window.innerWidth<700){ezoicSiteSpeed(jQuery(document),String(/documentReady/).substring(1).slice(0,-1),String(/jQuery-document-dot-ready/).substring(1).slice(0,-1),function($){$("#skip_expand").html("(Expand+)");$("#toc ul").css("display","none");$("#skip_expand").on("click",function(){$("#toc ul").toggle()});$("#toc h3").on("click",function(){$("#toc ul").toggle()});});}. Combining these, we generated lists of the richest city and poorest city in each state were then identified. #4. Hollywood filmed in Winnetka including Home Alone, Ferris Buellers Day Off, Uncle Buck, National Lampoon Christmas, Risky Business, and Breakfast Club. The town has had some population growth in recent years because of its reputation for low crime and low taxes. . .css-1grzdcz{display:block;font-family:AvenirBold,Helvetica,Arial,Sans-serif;font-weight:bold;margin-bottom:0;margin-top:0;-webkit-text-decoration:none;text-decoration:none;}@media (any-hover: hover){.css-1grzdcz:hover{color:link-hover;}}@media(max-width: 48rem){.css-1grzdcz{font-size:1.18581rem;line-height:1.2;margin-bottom:0.625rem;}}@media(min-width: 40.625rem){.css-1grzdcz{line-height:1.2;}}@media(min-width: 48rem){.css-1grzdcz{font-size:1.23488rem;line-height:1.3;margin-bottom:0rem;}}@media(min-width: 64rem){.css-1grzdcz{font-size:1.18581rem;line-height:1.3;margin-bottom:-0.5rem;}}The Krehbiels' Collection Goes to Auction, 10 Dinner Party-Worthy Items I'm Obsessed With. Editor's Note: We updated this article for 2022. Forbesput together a combined list of the richest and poorest cities in each state, using data from the U.S. Census Bureau's 2019 American Community Survey five-year estimates. Of the remaining top 20 richest towns in America, one is nestled just outside the nations capital, one is in Florida, one is in Arizona, six are in the New York Tri-State Region, and two more are in California, one of the richest states in the U.S. Bloomberg compiled its Richest Places Index using data from the U.S. Census Bureaus American Community Survey, evaluating inflation-adjusted household income data for all U.S. places, defined by the Census Bureau as having a minimum of 2,000 households. Here's a look at the poorest cities in America: Chris Kolmar has been in the real estate business for almost ten years now. Great jobs, low unemployment and a really low cost of living makes this Prairie State city one of the best places you could live if you wanted to earn a great living. But of the 724 American billionaires whose net worths are tracked daily by Forbes, only 86 are women. It's safe, friendly, and there are great schools. Although it was a 5.4% decline year-over-year, it's still well above thenational median price of $359,000. List of cities by total wealth; List of countries by number of billionaires; List of countries by total wealth; List of wealthiest families; The top 20 richest towns in America all boast average household incomes above $300,000, while the top five ring up above $400,000. But wealthy people - like old money people will never spend all their money. 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. Stop and see us at the Iowa State University Engineering Career Fair today! #10. Of adults living in Ridgewood, 76 percent hold a bachelors degree. Four of those six states are in the U.S. South. Seattle-Tacoma-Bellevue. [1] As of October 2020, there were 614 [2] billionaires in the United States. That's one takeaway from the latest. Less than 15 miles outside of Cincinnati, this Hamilton County, Ohio, town was developed in the early 20th-century by a handful of wealthy businessmen who already owned property there. It then ranked each by average household income. and Facebook. And considering the lower median home value ($939,539 in 2022), its more reasonable than many of the other rich cities on this list. 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. Cupertino is in Silicon Valley, west of San Jose, with Los Altos to the north and Saratoga to the south. Moving from West to East, Americas second richest town is Scarsdale, New York, which is just 35 minutes outside of New York City. The houses are quite notable, too, with median home values at $1,494,172 in 2022, according to Zillow. Does being rich make you a happier person? A rare winner amid the turmoil was Zhang Yiming, the founder of TikTok-owner ByteDance and Beijings richest resident, who is $14.4 billion richer than last year. Some parts of this area are just off the charts out of touch with reality. With 107 billionaire residents, worth over $640 billion, The Big Apple is home to more three-comma club members than any other city on the planet. While that might seem high, for an entire city, it's really low. Read: Richest ZIP Codes in Every State Living in America: Salary You Need in 50 Cities. Just click a pin (by state) and scroll down to see the results rendered in alphabetical order in the chart beneath the map. Hes Just Getting Started. But snobs can work hard, can't they? Where's our 3rd richest city in the entire nation? Forbes en Moses Lake, WA Ampliar bsqueda . 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). According to a recent survey by Forbes.com, Atherton, a small town in the heart of silicon has been called the most expensive ZIP Code, 94027, in the nation, with a median home price of nearly $2.5 million in 2004 and has been attracting several Google employees who are taking advantage of hot company stock options. Twenty-one of the cities were in California, with the majority in the San Francisco Bay area. Watch on. The Chinese cities on this years top 10 list have lost a total of 29 billionaires and some $375.6 billion in wealth since last year. #8. Gini coefficient: a common measure of household income distribution, the ratio ranges from zero, which reflects absolute equality, to one, complete inequality. Population: 139,216Rank Last Year: 8 (No Change)Median Income: $96,548 (32nd best)Unemployment Rate: 3.1% (4th best)More on Olathe: Real Estate|Crime|Cost Of Living. Surprised by that? The greater San Jose area isnt the only place where affluence is centered in California though. 7 this year. Este botn muestra el tipo de bsqueda seleccionado. Just down the road, you have Palo Alto, the heart of Silicon Valley. Here are the top 10 richest places in the U.S., according to Bloomberg: 1. Is it snobby here? Highland Park TX (income: $365,025/ bailout: $4.5 million) The richest town in Texas, the median home price is $1.5 million. Manage Settings The median home value in Cherry Hills Village is just shy of $2,612,468, according to Zillow. Many other cities are rural towns that have lost people over the decades as agriculture as declined as a component of the countrys economy. Short Hills, NJ (income: $388,760/ bailout: $6.5 million) Founded in 1870 by the inventor of the roller shade, the community is a suburb of New York City. Athertons average household income was $443,403 in 2016, more than $50,000 higher than second-place Cherry Hills Village, Colorado. Its situated below the southwestern shore of San Francisco Bay. Of the 2,668 billionaires on this years billionaires list, almost a quarter of them live in just 10 places. #5. As of 2019, 30,697 residents called Saratoga home. We and our partners use cookies to Store and/or access information on a device. Beyonc and Jay-Z purchased a home in Scarsdale. At the top is James Goodnight, 78, who as CEO of technology company SAS Institute has a net worth of $6.5 billion. . A new report ranks the friendliest cities and regions in the world Skip to main content LinkedIn. People come here to find jobs and for a more peaceful and better quality of life. The Richest Women in America in One Graphic The majority of the world's billionaires hail from the United States. 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. Notable residents include Google founder Sergey Brin and Israeli-Russian billionaire and tech investor Yuri Milner, who paid $100 million for his home. Some of these neighborhoods are where you go to for sell Girl Scout cookies or candy bars or where all the poor kids go trick-or-treating on Halloween. To score the cities, we ranked each one from 1 to 306 where 1 is the "richest" for that category. Whatsapp founder, Jan Koum, paid $57 million for a mega-compound. Vermont is a beautiful state that is the home of countless cities . Immediately to the south, you've got Cupertino, home of Apple. If Scrooge McDuck was real, he'd probably have a home here, don't you think? Residents can head down to places like Baylands Park, stare across the water, and plot their next venture capital strategy. The 10 Richest Cities In The US For 2022 Cary, NC Centennial, CO Frisco, TX Sunnyvale, CA Fremont, CA Bellevue, WA Pearland, TX Olathe, KS Overland Park, KS League City, TX Is everyone in these places loaded? The town ofsix square miles is near Palo Alto, Stanford University and Menlo Park, the home of Facebook and other tech ventures. Atherton isnt the only rich suburb to receive bailouts from American taxpayers. Until after World War II, Dix Hills was largely a farming area. He is a family office influencer, impact investor with interests in private equity, real estate and blockchain companies, mentor, philanthropist, author and highly sought after speaker. 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, Louisiana; (4) Highland Park, Michigan; (5) Albany, Kentucky; and (6) Allendale, South Carolina. Winnetka, IL (income: $353,700/ bailout: $6.1 million) Located next to Glencoe, the village is home to many notable persons. The 15 richest cities in the United States 2015. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. Moving from West to East, America's second richest town is Scarsdale, New York, which is just 35 minutes outside of New York City. Only 3.26% of residents here are without work, and if you drive around town long enough, it'll be clear; anyone who wants a job here can get a job. Bollywood superstar Salman Khan is the richest Indian celebrity, according to the 2018 Forbes India Celebrity 100 list, which he has topped for the third consecutive year. $577. New York City has taken back its crown. MINNEAPOLIS--(BUSINESS WIRE)--Ameriprise Financial Inc. (NYSE: AMP) today announced that 135 of its financial advisors were named to the Forbes "Top Women Wealth Advisors Best-In-State" list . More than 30,000 people lived there as of 2019, with 68.3 percent of adults holding a bachelors degree. Ray Dalio Population: 169,177Rank Last Year: 5 (Up 4)Median Income: $107,463 (18th best)Unemployment Rate: 3.3% (6th best)More on Cary: Real Estate|Crime|Cost Of Living. Unsurprisingly its not cheap to live in Saratoga. Not surprisingly, many of the richest cities are wealthy suburbs of major cities, such as Winnetka, Illinois, a suburb of Chicago and home to the iconic house in Home Alone. Some rich cities are the suburbs of more than one city, such as Atherton, California, which stands between two insanely-expensive cities, San Francisco and San Jose. The South Korean capital is back on the list for the first time since 2019. Bloomberg released its annual list of the richest town . Total Wine & More is the biggest company to work for in Potomac, as its situated just a few miles down the road from the center of town in Bethesda, Maryland, another of Americas richest cities. The consent submitted will only be used for data processing originating from this website. We're not talking about individuals. Other top places included: Here are the Top 10 Richest Places in America and how they split their Heroes Act bailout allocation: #1. If you guessed the wealthiest city in California was in the Silicon Valley area, then you guessed correctly! Extreme wealth tends to be much more common in the richest states in the country. Companies like Amazon, Google, Meta, SpaceX, and Tesla have expanded their presence in the city. A new report ranks the friendliest cities and regions in the world. It may not be a very large place, but people's bank accounts are pretty large. Scottsdale, Arizona, rounded out the top three fastest-growing cities in the U.S. for millionaires. If you're a kid here, your allowance is probably more than your teacher's salary. Rebecca R. Norris is a full-time freelance writer living in the DC metro area. When you click through real estate links on our site, we earn an affiliate commission. Or if you're simply not interested in reading about the high and mighty, and you don't care about this list, check out: Here in Cary, North Carolina, things couldn't be more rich. The internet media tycoons fortune dropped by more than $28 billion since 2021. That would be the people in Pearland, Texas. Atherton, California. While that may seem quite high, its surprisingly ranked only 57th of the 1,775 cities evaluated. 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. Notable figures who have called Los Altos Hills home include former Major League Baseball player Barry Bonds and tech entrepreneur Steve Kirsch. Per the most recent ACS data, the richest city in America is Cary, NC.You can check out how NC ranked overall in our richest states in America. Displayed are the top 100. Three were investors in the vaping company Smoore International, whose share plummeted 64% as the Chinese government threatened a crackdown on electronic cigarettes. But thats not all the city is known for. Average household income excluded households without any type of income. Although Los Altos isnt the wealthiest city in the U.S., it does boast the highest median home value. 3. They have new homes, drive new cars, and have bright futures. Opinions expressed by Forbes Contributors are their own. 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. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[336,280],'homesnacks_com-medrectangle-3','ezslot_2',143,'0','0'])};__ez_fad_position('div-gpt-ad-homesnacks_com-medrectangle-3-0');The general assumption is going to be suburbs of major cities where people live in big homes, away from the grimy, packed downtown areas. I think that's a safe bet. Forbes' Post Forbes 18,071,066 followers 1h Report this post . 1 city on the list is Austin, Texas. In particular, the United States claims five of the cities in the top 10, including the very top spot with New York City. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks. The northern Virginia town might as well be a world away, however, thanks to its location on the banks of the Potomac River. So, we mapped $400 billion in HEROES Act monies that are allocated to 39,000 local governments. Los Angeles, home. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. In fact, people here are more likely to downplay their money than show it off. They can't even do it if they tried. Located 20 miles from Silicon Valley, the San Francisco suburb is home to the many tech titans of Google If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. At least that's what the locals would tell you. Diogenes the Cynic may well have had much to teach Elon Musk, the modern day Alexander the Great, write Massimo Pigliucci and Existential Comic creator Corey Mohler. Fisher Island, a 216-acre barrier island near Miami, is once again the wealthiest zip code (33109) with an average income in 2018 of $2.2 million, according to the Bloomberg analysis. Photo by Alvaro Garca/EyeEm/Getty Images; Illustration by Nick Sheeran/Forbes. The best-known estimate is by Forbes. No city experienced a bigger drop than Moscow, which fell from the No. Some notable Americans who have called the Essex County, New Jersey, town home include actress Anne Hathaway and fashion designer Rachel Zoe. Vlad Yatsenko, the chief technology officer of digital banking giant Revolut, and Denis Sverdlow, who founded the British electronic vehicle manufacturer Arrival, are other new billionaires who live in London.