forbes wealthiest cities in america forbes wealthiest cities in america

Some notable Americans who have called the Essex County, New Jersey, town home include actress Anne Hathaway and fashion designer Rachel Zoe. [1] As of October 2020, there were 614 [2] billionaires in the United States. Watch on. New York has the highest real estate value in the country at $2.8 trillion that's around the size of the UK's GDP in 2019. The very best groundskeepers and gated-subdivision on-call security guards around. Should the American taxpayers from lower-income areas be subsidizing the lifestyles of the rich and famous? Doctors, lawyers, business owners and entrepreneurs. For the second year since Bloomberg started to compile the Richest 100, the nations top spot is Atherton, California. 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. 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. Its population is just over 25,000 (as of 2020). A new report ranks the friendliest cities and regions in the world Pasar al contenido principal LinkedIn. (Thats not to say it shouldnt be addressed though.). Close behind is Los Angeles at $2.3 trillion, while San Francisco ranks third at $1.3 trillion. This North Shore Chicago suburb in Illinois Cook County is home to the Chicago Botanic Garden, a 385-acre living plant museum with 27 gardens, 4 natural areas, and six miles of lake shoreline. forbes wealthiest cities in america. For this analysis we used the -- U.S. Census 2016-2020 American Community Survey. The median household income is $94,027, and the median home value is $503,000. The richest communities in America for years have been in Silicon Valley and the New York City area. Bethesda is largely known for its proximity to the District of Columbia. 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. You can see their impact on the stats. Bloomberg also ranked citiesby earnings from interest, dividends, rents, and royalties, as well as distributions from estates and trustsa subset of household income called passive income. Henley and Partner's 2023 wealth report found that America's fastest growing cities for millionaires all experienced a 70% millionaire growth from 2012 to 2022. . Population: 125,817Rank Last Year: 3 (Down 4)Median Income: $102,764 (19th best)Unemployment Rate: 3.8% (29th best)More on Pearland: Real Estate|Crime|Cost Of Living. Do people work hard in this city? Another city with a dramatic drop in billionaires, Hong Kong lost a dozen amid a year of market tumult and strict Covid-19 protocols. Seattle, Tacoma, and Bellevue combine to become some of the richest cities in America. The town has less than 8,000 residents. While it's idyllic in many places, it can be quiteboring. In fact, people here are more likely to downplay their money than show it off. Here are the top 10 richest places in the U.S., according to Bloomberg: 1. In these wealthy communities, the average household income ranged from #1 Atherton, CA ($525,324) to #50 Darnestown, MD ($262,988). Photo by Alvaro Garca/EyeEm/Getty Images; Illustration by Nick Sheeran/Forbes. According to Zillow, the average home value price in the Arizona cityis$750,908,up6.3%over the past year. Ranked #1 in the state of Oklahoma on the 2023 Forbes "Best-In-State Wealth Management Teams"* list (Published on January 12, 2023. Forbes' Post Forbes 18,071,066 followers 1h Report this post . Atherton, California, is the richest town in America with an average annual household income of $525,000. It then ranked each by average household income. Hearst Magazine Media, Inc. All Rights Reserved. allocation of $400 billion of Heroes Act bailout money. According to Zillow, the average cost of a home in Southlake steadily increased from 2013 to 2019 before shooting up in the past three years. Danon promises not to talk your ear off! 10 spot. Cupertino is in Silicon Valley, west of San Jose, with Los Altos to the north and Saratoga to the south. where the concentration of wealthiest cities is the densest). Rebecca R. Norris is a full-time freelance writer living in the DC metro area. . Happiness isn't the metric we're measuring, today, however. if(window.innerWidth<700){ezoicSiteSpeed(jQuery(document),String(/documentReady/).substring(1).slice(0,-1),String(/jQuery-document-dot-ready/).substring(1).slice(0,-1),function($){$("#skip_expand").html("(Expand+)");$("#toc ul").css("display","none");$("#skip_expand").on("click",function(){$("#toc ul").toggle()});$("#toc h3").on("click",function(){$("#toc ul").toggle()});});}. Is it snobby here? Sir Anthony Ritossa is Chairman of the Ritossa Family Office, headquartered in Dubai. Below youll find a table including the richest cities in every U.S. state as of 2021. 4. Shah Rukh Khan has . Los Angeles, home. Their workforce is also among the best-educated in the state, too. A 35-minute train ride from New York City, the town sports quaint shops and top-rated schools. According to the report, the Texas city saw a millionaire growth rate of 102% from 2012 to 2022. One reason for Southlake's wealth? Publicacin de Forbes Forbes 18.071.101 seguidores . This Westchester County, New York, town was first developed in the 18th century. Increased government scrutiny unleashed a world of pain for the super-rich in Chinas capital, who have shed $174.3 billion from their collective net worth since 2021. List of cities by total wealth; List of countries by number of billionaires; List of countries by total wealth; List of wealthiest families; University Park is best known for being home to Southern Methodist University, a nationally ranked private university in the suburbs of Dallas. As of 2019, 30,970 people lived in Needham, with 76 percent of adults being highly educated with at least a bachelors degree. 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. Just seven miles from Houston, this Harris County, Texas, town was developed in 1917 and is named for its close proximity to Rice University. Here are the top 10 wealthiest cities in America for 2022. Well, maybe there's a lot less about the midwest than you thought you knew, kiddo. Many people here are loaded. Scarsdale, New York Average household income: $452,041 3.. It's sorta like Dynasty. Or so one might think. Despite the heightened competition, media magnate Michael Bloomberg remains the richest resident, accounting for some 13% of the citys total billionaire wealth. One look at the real estate in the area, and its safe to say that Atherton is a sanctuary for the mega-wealthy. Export volumes of LNG from the US showed a steady increase after 2016 in a period when export prices were low at $4-6/Mcf. For a state this large, that's crazy low.In fact, People in other parts of the nearby areas generally stereotype this part of the state as being wealthy and stuck up. 7 this year. Similar cases include Central Falls, Rhode Island, whose population peaked at 25,808 in 1930; East Cleveland, whose population peaked at 40,047 in 1950; and Highland Park, Michigan, whose population peaked at 52,959 in 1930. Read on to find out the richest cities in the U.S. and poorest cities. The loss of 17 billionaires includes Kate Wang, the founder of Chinese vaping giant RLX Technology, and Will Wei Cheng, the CEO of ride-hailing firm Didi Global, whose fortunes both fell below the three-comma threshold. It may not be a very large place, but people's bank accounts are pretty large. EIA. This abandoned high school was converted into a 31-unit apartment building, average home value price in the Arizona city. Big Sky, Montana; Jackson Hole, Wyoming; Aspen, Colorado; Park City, Utah; and Lake Tahoe, California are seeing increased sales amid the Covid-19 pandemic, as wealthy residents flee cities in . 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. The No. Seouls three billionaire newcomers (the fourth is a returnee) are all self-made: Covid-19 testing entrepreneur Cho Young-sik, fintech startup founder Lee Seung-Gun and gaming mogul Park Kwan-ho. Dix Hills is in the greater Huntington area in Long Island, New York. There are very little liquor stores or smoke shops. 9 from 14th the previous year as a zero state income tax and relatively low overall taxburdenmade it more attractive. The city boasts a population in which 69.7 percent of adult residents have at least a bachelors degree. In Spanish, the word 'Los Altos' means 'the height'. Notable figures who have called Los Altos Hills home include former Major League Baseball player Barry Bonds and tech entrepreneur Steve Kirsch. Los Altos is located in the northern silicon valley of the San Francisco Bay Area (Santa Clara County). The prize for the highest Gini on our list goes to Greenwich, Connecticut, with its 0.65 reading, suggesting a much higher proportion of its residents wealth were in the hands of far fewer households. Courtesy of City of West University Place, The Krehbiels' Collection Goes to Auction, Your Privacy Choices: Opt Out of Sale/Targeted Ads. No. But are most of their bank accounts pretty fat? We continue our money train tour of the state as we stop in the city of Overland Park, Kansas. 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. 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. The Silicon Valley residential community hasn't lost its rural feel despite the fact it's currently the fourth richest town in the country. Rankings based on data as of March 31, 2022) and with more than . 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. #9. Braselton Source: Wikipedia User Chris Pruitt | CC BY-SA 3.0 Overall SnackAbility 9 /10 Population: 12,833 Rank Last Year: 1 (No Change) Median Income: $110,253 Unemployment Rate: 2.3% Poverty Rate: 3.6% More on Braselton: Real Estate | Photos 2. According to Henley and Partner's . PalmBeach, Floridahome of President Donald Trumps Mar-a-Lago country clubranked second. Opinions expressed by Forbes Contributors are their own. Where's our 3rd richest city in the entire nation? The Midwest is also home to some of the lowest incomes, such as Michigans Highland Park, Missouris Cuba and Ohios East Cleveland. In that sense, its a bedroom community for the nations capital. According to Zillow, the 2022 median home value is $1,112,584. However, in the run up to the November election, President Donald Trump indicated he was open to a $2 trillion deal. For listings in Canada, the trademarks REALTOR, REALTORS, and the REALTOR logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The community has at least nine country clubs. Today, its largest beach, Tods Point, is public property. You can get just about any demographic on just about any city center. Los Altos Hills is home to numerous tech billionaires includingSergey BrinandYuri Milner. We then averaged the three rankings into a rich score with the lowest overall score being crowned richest in America. The Richest Women in America in One Graphic The majority of the world's billionaires hail from the United States. Four of those six states are in the U.S. South. Moscow lost more billionaires than any other city on the list amid the fallout from Russias invasion of Ukraine. When you click through real estate links on our site, we earn an affiliate commission. Several of these cities, such as Johnstown, Pennsylvania, were once bustling centers of industry, namely iron, coal and steel, those materials so central to Americas economy from the Industrial Revolution through much of the post-World War II period. The only new entry to the list this year was the South Korean capital of Seoul, which replaced Hangzhou in the No. Oakland is a wealthy suburb of Memphis in southwest Tennessee. Millionaires and Billionaires in the Wealthiest Cities. 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. They can't even do it if they tried. Population: 193,412Rank Last Year: 7 (Down 2)Median Income: $87,629 (46th best)Unemployment Rate: 3.2% (5th best)More on Overland Park: Real Estate|Crime|Cost Of Living, Population: 105,410Rank Last Year: 25 (Up 15)Median Income: $108,979 (14th best)Unemployment Rate: 3.9% (32nd best)More on League City: Real Estate|Crime|Cost Of Living. Brentwood, a suburb of Nashville, makes the list too. 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. 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. This year,. Would you have guessed Detroit, Cleveland and Hartford, Connecticut? Another way we looked at the data was to measure income disparity in each location. 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 . This Fairfax County, Connecticut, town is just 37 miles from New York City, but its wealthy residents likely consider it a world away, thanks to its 11 parks, 2 public beaches, and several private clubs focused on activities like golf and yachting. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. Just ask someone without it. Castle Pines Source: Public domain Overall SnackAbility 6 /10 Population: 10,977 Rank Last Year: 1 (Down 1) Population: 188,387Rank Last Year: 4 (Up 1)Median Income: $128,761 (5th best)Unemployment Rate: 3.7% (25th best)More on Frisco: Real Estate|Crime|Cost Of Living. Every item on this page was chosen by a Veranda editor. Notable figures who have called Scarsdale home include actress Judy Garland, actress Susan Lucci, director and actor Rob Reiner, NPR legal correspondent Nina Totenberg, and former U.S. Attorney for the Southern District of New York Preet Bharara. Beyonc and Jay-Z purchased a home in Scarsdale. 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. It's a great place to raise kids. Whatsapp founder, Jan Koum, paid $57 million for a mega-compound. 3. Figure 3. Households here vary between two-income homes when both parents have great jobs, or households where there's one primary earner in the top tier of their industry. In particular, the United States claims five of the cities in the top 10, including the very top spot with New York City. 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 wealthiest people in Africa made an estimated net worth of $81.8 billion, thus a $3.1 billion decline from the previous one. Notable residents include the owner of the Dallas Cowboys, Jerry Jones, and the former governor of Texas, Bill Clements. Temple Source: Public domain Overall SnackAbility 6 /10 Average household income excluded households without any type of income. Pennsylvania. You may opt-out by. Los Altos Hills, CA (income: $405,073/ bailout: $4.2 million) With a median home price of $3 million, the community is located just five miles from Silicon Valley. Dropping from the No. This Cook County, Illinois, town is perhaps best known as the setting for director John Hughes Home Alone. The median home value in Cherry Hills Village is just shy of $2,612,468, according to Zillow. Newcomers to the list include three areas in suburban Chicago. If you guessed the wealthiest city in California was in the Silicon Valley area, then you guessed correctly! #6. Of adults living in Ridgewood, 76 percent hold a bachelors degree. But wealthy people - like old money people will never spend all their money. These Are The 20 Richest Towns in America, This Cook County, Illinois, town is perhaps best known as the setting for director John Hughes. The 10 Richest Cities In Georgia For 2023 1. Steph Curry of the Los Angeles Lakers purchased a $31 million home. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[336,280],'homesnacks_com-large-mobile-banner-2','ezslot_16',120,'0','0'])};__ez_fad_position('div-gpt-ad-homesnacks_com-large-mobile-banner-2-0');While it's good news for the cities we mentioned, we have to mention the poorest cities in America. Just off the shores of Miami, Fisher Island has become a second-home destination for many of the world's wealthiest folksincluding Russian oligarchs, who keep their helicopters and yachts here.. 6 after losing nine billionaire residents over the past year. Musk's estimated net worth is $251 billion, which is over 13 times richer than Dalio, the richest person in Connecticut. 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 . Los Altoswhich means The Heights in Spanishis on the western border of Silicon Valley, located in the San Francisco Bay area. We found the 50 richest places in the country received $350 million in bailouts. Of course, not all of Americas wealth is centered on the West and East coasts. Beijing fell to No. 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. When you think of wealthy areas in California, some people may think Beverly Hills or Sunnyvale. But snobs can work hard, can't they? The magazine analyzed each area in terms of its median household income and mean household income. We mean, specifically, which parts of the country. The Old Greenwich Station, a commuter rail station that delivers residents to nearby New York City, was built in 1872 and is listed on the National Register of Historic Places. This place has a ton of money. Atherton, CA (income: $525,324/ bailout: $3.8 million) - With a median home price of. 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. We use data, analytics, and a sense of humor to determine quality of life for places across the nation. Here are Forbes' wealthiest Africans for 2023. #16 Old Greenwich, CT ($321,377 income/ $5.9 million bailout), #18 Palm Beach, FL ($314,090 income/ $4.4 million bailout), #36 Wellesley, MA ($277,568 income/ $14.7 million bailout), #37 Malibu, CA ($275,675 income/ $6.3 million bailout), #46 Lake Forest, IL ($265,477 income/ $9.7 million bailout). Just about all households who live here earn well over $100,000 a year annually. In December 2022, Austin was home to 30,500 millionaires, 86 centi-millionaires, and nine billionaires. Despite the heightened competition, media magnate Michael Bloomberg remains the richest resident, accounting for some 13% of the city's total billionaire wealth. Hearst Magazine Media, Inc. All Rights Reserved. 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). He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks. Many of the streets are named after authors, such as Geoffrey Chaucer, John Dryden, and William Shakespeare. This survey evaluated inflation-adjusted household income data for America. 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. 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. Empleos Why You Need To Take A Look At New RMD Rules: Theyre Flexible, UBS Fuels The Next Decade Of Black Innovation With $3 Million Commitment, This Week In Credit Card News: Visa, Mastercard Pause Crypto Push; Tracking Gun Purchases, Borrowers Receive Student Loan Forgiveness Approval Emails After Court Green-Lights Settlement, Biden May Propose Using Net Investment Income Tax Revenues To Shore Up Medicare, Student Loan Forgiveness: 6 Big Takeaways From Landmark Supreme Court Hearing, Athlete Investors Cant Save Tonals Falling $500 Million Valuation, U.S. Census Bureaus 2019 American Community Survey. Three other western Chicago suburbs made the top 100: Burr Ridge, Oak Brook and Hinsdale. 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. Maybe from an outsiders standpoint, but it might be more of a shallow suburban type of vibe. Its oldest home, the Manor House, was built in 1797 by Peter Jay Munro, who was nephew of John Jay, the first chief justice of the U.S. Supreme Court. and Facebook. People come here to find jobs and for a more peaceful and better quality of life. Now the Midwest is starting to make some noise. Notable residents have included former AOL CEO Steve Case and Redskins owner Dan Snyder. Forbes en Moses Lake, WA Ampliar bsqueda . Athertons average household income was $443,403 in 2016, more than $50,000 higher than second-place Cherry Hills Village, Colorado. Los Altos- $326,456. The collective fortune of the billionaires living in Russias capital is now $214.9 billion, down from $420.6 billion last year. Madeline Albright and Condoleezza Rice graduated from its private schools. 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.. In fact, most have bigger bank account than you will ever have. 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. Este botn muestra el tipo de bsqueda seleccionado. Of adults residing in Westport, 78 percent hold a bachelors degree or higher. 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. Yes, we took that into account, but you also have to assume the richest cities in America are going to be where people have amazing jobs. Population: 152,569Rank Last Year: 10 (Up 6)Median Income: $150,464 (best)Unemployment Rate: 3.8% (26th best)More on Sunnyvale: Real Estate|Crime|Cost Of Living. Vladimir Lisin, the chairman of steel products manufacturer NLMK Group and Moscows richest person, shed about $8 billion of his personal wealth. 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. Immediately to the south, you've got Cupertino, home of Apple. This is followed by Los Angeles with 52 billionaires, and San Francisco and Chicago, who each have 44 billionaires. Boasting an Average income of $123,000, 82.8-percent of the 8,200 residents of Los Altos Hills California have earned a Bachelor's Degree or higher. Perhaps. Unemployment and poverty rates are low. Does being rich make you a happier person? Crazy Rich Asians would maybe even consider buying a home here. And while there are wealthy towns all across the country (these are the richest town in each state ), the. Using data from New World Wealth a wealth intelligence firm that tracks 150,000 of the world's wealthiest individuals and property records the report identifies the 20 cities home to. Several well-known actors, such as Charlton Heston, Rock Hudson, Virginia Madsen, and Chris ODonnell, have called the Chicago suburb home. 5. 4 top billionaire city in 2021 to No. Seksan Mongkhonkhamsao | Moment | Getty Images. Residents can head down to places like Baylands Park, stare across the water, and plot their next venture capital strategy. Bloomberg released its annual list of the richest town . 7: Los Altos Hills, California. Though it had a net gain of three new billionaires, the city actually welcomed six new three-comma club members, including the first Bulgarian and Estonian citizens ever named billionaires by Forbes, all of whom have their primary residences in London. A new report ranks the friendliest cities and regions in the world . I think just about everyone who's reading this would think, "Give me a million bucks, I'll be happy as heck!". This Dallas suburb is home to the Americas first self-contained shopping center: Highland Park Village, which opened in 1931, was designed by architects Marion Fresenius Fooshee and James B. Cheek in a Spanish Revival style and is on the National Register of Historic Places. I cover the world's richest people for Forbes. Southlake, Texasknown for its exemplary public schools (one of which has won eight football state championships)is the richest city in the United States for 2022, according to 24/7 Wall St., which used five-year estimates of median household income from the U.S. Census Bureau's 2019 American Community Survey (ACS). We may earn commission on some of the items you choose to buy. San Francisco, the home of Silicon Valley, tops the list. Forbes In real estate, your neighbors matter. But thats not all the city is known for. #4. Three were investors in the vaping company Smoore International, whose share plummeted 64% as the Chinese government threatened a crackdown on electronic cigarettes. But this comes at a cost. And while it might be easy to scoff at the success of folks here, you have to remember, just about everyone here worked their butts off to get to where they are. 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 1 in 11 people here lives in poverty. Displayed are the top 100. Winnetka, IL (income: $353,700/ bailout: $6.1 million) Located next to Glencoe, the village is home to many notable persons. A common theme among these poor cities is de-industrialization. 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. In top ten there are four new entries compared to the 2021 ranking and in eleventh . Everything is justpeaceful. 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). An average household income closer to $200,000 is now required to break into the top 100 compared with about $190,000 in last years Bloomberg analysis. #3. West Palm Beach, Florida, ranked second on the list. 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. 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. The city continues to attract some very educated people; about 44% of adults in the area have at least Bachelor's Degrees. Other rich cities are different, such as North Dakotas Beulah, a city remote from any major urban center and whose economy is heavily dependent on being home to the largest lignite mine in the U.S.