Winnetka, IL (income: $353,700/ bailout: $6.1 million) Located next to Glencoe, the village is home to many notable persons. Larchmont is a coast-hugging town in well-known Westchester County. Yeah they are. if(window.innerWidth<700){ezoicSiteSpeed(jQuery(document),String(/documentReady/).substring(1).slice(0,-1),String(/jQuery-document-dot-ready/).substring(1).slice(0,-1),function($){$("#skip_expand").html("(Expand+)");$("#toc ul").css("display","none");$("#skip_expand").on("click",function(){$("#toc ul").toggle()});$("#toc h3").on("click",function(){$("#toc ul").toggle()});});}. This abandoned high school was converted into a 31-unit apartment building. How To Set Yourself Up For Financial Success, Disabled Americans Get More Savings Flexibility With SECURE 2.0, U.S. Census Bureaus 2019 American Community Survey. If youre ready to be matched with local advisors that can help you achieve your financial goals, get started now. Keeping up with friends and neighbors means private school, after school activities and two huge car payments. For a table of the richest and poorest cities in every state with no size restriction, go to the end of the article. Wolf There's a lot of old money here, too. Median home values in the 50 richest cities begin at $498,900, about double the median nationwide of Below youll find a table including the richest cities in every U.S. state as of 2021. The 34 towns on this list can be found in just 11 states. Lifestyle 02/21/2020. Scarsdale, NY (income: $452,041/ bailout: $8.8 million) With a median home sales price of $1.2 million, Scarsdale is the richest town on the East Coast. Chappaqua Daily Voice serves Chappaqua, NY. Access your favorite topics in a personalized feed while you're on the go. So, while your little small town might be rollin' in the dough, we're only looking at the most populated areas. #3. Satellite images of Atherton, California - where the average household income just blew past half a million dollars -- reveal the sprawling homes of tech billionaires and sports stars, studded with tennis courts and pools. 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. How the National Trust Is Changing America. It's sorta like Dynasty. For the first time ever, Forbes reveals the richest person in each of Americas 50 largest cities. Adults with at least a bachelor's degree: 63.3%, Adults with at least a bachelor's degree: 76.4%, Adults with at least a bachelor's degree: 77.8%, Adults with at least a bachelor's degree: 65.2%, Adults with at least a bachelor's degree: 71.2%, Adults with at least a bachelor's degree: 78.4%, Adults with at least a bachelor's degree: 75.3%, Adults with at least a bachelor's degree: 72.7%, Adults with at least a bachelor's degree: 79.6%, Adults with at least a bachelor's degree: 73.7%, Adults with at least a bachelor's degree: 75.4%, Adults with at least a bachelor's degree: 84.4%, Adults with at least a bachelor's degree: 79.5%, Adults with at least a bachelor's degree: 64.2%, Adults with at least a bachelor's degree: 62.8%, Adults with at least a bachelor's degree: 71.4%, Adults with at least a bachelor's degree: 80.7%, Adults with at least a bachelor's degree: 66.1%, Adults with at least a bachelor's degree: 76.3%, Adults with at least a bachelor's degree: 85.5%, Adults with at least a bachelor's degree: 83.1%, Adults with at least a bachelor's degree: 80.9%, Adults with at least a bachelor's degree: 77.7%, Adults with at least a bachelor's degree: 81.0%, Adults with at least a bachelor's degree: 87.2%, Adults with at least a bachelor's degree: 79.1%, Adults with at least a bachelor's degree: 85.0%, Adults with at least a bachelor's degree: 89.3%, Adults with at least a bachelor's degree: 84.3%, Adults with at least a bachelor's degree: 79.0%, Adults with at least a bachelor's degree: 81.3%, Adults with at least a bachelor's degree: 83.5%. 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. 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. Its content is produced independently of USA TODAY. All these cities have at least 1,000 households. Is it snobby here? Following Atherton is Scarsdale, New York, which is less than 25 miles away from Manhattan; Hillsborough, California, about 20 miles south of San Francisco; Cherry Hills Village, Colorado, a Denver suburb; and Los Altos Hills, California, near Silicon Valley. the Reasons To Do It, Making A Restaurant Thrive Finding The Best Chef, Critical Mistakes to Avoid in Strategic Communication, Overcoming the Challenges of Launching a Unique Business, Inclusion and Diversity at CEOWORLD magazine. Atherton, California Average household income: $525,324 2. The tony town sits on Long Island Sound and was known as Sound Beach in the 19th century. Opinions expressed by Forbes Contributors are their own. Most are home to less than 50,000 residents, and the population of the largest, Fremont, California, is around 230,000. 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. Scenes from two classic 1980s John Hughes filmsFerris Buellers Day Off and Sixteen Candleswere shot in Glencoe. RANKED: These Are The 50 Richest Towns To Live In The United States, 2020. You can download the data here. Top 10 Richest Cities in the USTop 10 Richest Cities in the US. Here is a list of the richest cities in the US and also their description that why they are so rich in every 10). Atlanta, Georgia. 9). Boston, Massachusetts. 8). Philadelphia, Pennsylvania. 7). San Francisco, California. 6). Washington, D.C. 5). Dallas, Texas. 4). Houston, Texas. 3). Chicago, Illinois. 2). More items (These are the most educated big cities in the country). To determine Americas poorest towns, 24/7 Wall St. reviewed five-year household income data from the U.S. Census Bureaus American Community Survey in every American town with a population of between 1,000 and 25,000. You may opt-out by. Many people here are loaded. To determine Americas richest towns, 24/7 Wall St. reviewed household income data from the U.S. Census Bureaus American Community Survey in every American town with a population of between 1,000 and 25,000. 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. Fairbanks is the second wealthiest metro area in Alaska and the 13th wealthiest nationwide. [+] 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. Some towns listed are the homes of famous financiers, politicians, and actors; these wealthy residents obviously provide huge boosts to the area's average income. West University Place is a suburb of Houston, just southwest of downtown. Why Is Marie Antoinette Everywhere Again? I think that's a safe bet. Located in Monmouth County, New Jersey, Rumson boasts a population of just over 7,000 (as of 2020). We use data, analytics, and a sense of humor to determine quality of life for places across the nation. In the richest cities, over half of adults in the same age group have at least a bachelors degree, and in 15, this figure is higher than 80%. Long work hours means more stress and less family time. The top 20, listed below, each had an average household income over $300,000. It is home to Sarah Lawrence College. Some of the cities listed are indeed among. SmartAssets free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Although Atherton, which sits between San Jose and San Francisco, is best known for its tech billionaire residents such as Sheryl Sandberg, Eric Schmidt, and Meg Whitman, the former CEO of Hewlett-Packard, a slew of other notable residents have also called the Silicon Valley town home, including actress Shirley Temple, investment firm CEO Charles Schwab, Major League Baseball Hall of Famer Willie Mays and Ty Cobb, and Fleetwood Macs Lindsey Buckingham. It's pretty easy to see where the richest people live. A common theme among these poor cities is de-industrialization. It may not be a very large place, but people's bank accounts are pretty large. A Division of NBC Universal, A home stands in Atherton, California, U.S., on Tuesday, Feb. 18, 2020. Search 40,000 local units of government for their allocation of $400 billion of Heroes Act bailout [+] money. Most of the well to do here frequent Whole Foods, Starbucks, Core Power or LuLuLemon. Launching and succeeding with an innovative, one-of-a-kind business is an exhilarating yet daunting journey. Scarsdale is 35 minutes away from New York City, and yet another town on this list that's in Westchester County. The top 20 richest towns in America all boast average household incomes above $300,000, while the top five ring up above $400,000. Los Altos Hills, California. 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. Today, its largest beach, Tods Point, is public property. The residents here aren't necessarily famous, but they're definitely rich. You can find out more about him on LinkedIn or his website. In dozens of cities, the median household income is significantly higher than the national figure, including 50 in which median household income is more than double the national figure at least $153,000 or higher. While you may see people in this city driving around in fancy cars, odds are people you meet there are really comfortable. How to Geta Free Flight to Hong Kong in 500,000 Airline Ticket Giveaway, Apple Suppliers Are Racing to Exit China, AirPods Maker Says, Microsoft Expands Game Pass as Regulators Fret Over Activision Deal, S&P 500 Wraps Up Turbulent Month Near Lows of Day: Markets Wrap, Cash Is Paying More Than Traditional Stock-Bond Portfolio. Four of those six states are in the U.S. South. But wealthy people - like old money people will never spend all their money. Old Greenwich is a coastal town in Connecticut, an hour outside of New York City. It might help to see how much your community received. Now, the median home value in the once entirely agricultural Village of Indian Hill is just over $1.3 million, according to Zillow. 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, Top editors give you the stories you want delivered right to your inbox each weekday. Its located five miles north of Dallas. Highland Park TX (income: $365,025/ bailout: $4.5 million) The richest town in Texas, the median home price is $1.5 million. The economy and markets are "under surveillance". Speaking of wealth, Athertons average household income is a mind-boggling $525,324, up $74,638 since 2017, when it was last recorded by Bloomberg. The SNAP benefit recipiency rate can be one indicator of poverty, and the richest cities in the country have a significantly lower share of the population relying on this program formerly called food stamp than the 11% share nationwide. Located in Virginias Fairfax County, Great Falls is less than 20 miles outside of Washington, DC. The HomeSnacks money train takes its next stop in Olathe, Kansas. But snobs can work hard, can't they? Los Altos Hills, California. Notable residents include the owner of the Dallas Cowboys, Jerry Jones, and the former governor of Texas, Bill Clements. Just about everyone in Kansas knows these people are loaded. All Rights Reserved. Read on to find out the richest cities in the U.S. and poorest cities. Some of the cities listed are indeed among the cities with the most expensive homes. However, in the run up to the November election, President Donald Trump indicated he was open to a $2 trillion deal. Many were coastal California and the Northeastern states were particularly well represented. This Fairfield County, Connecticut, town lives up to its name: It was founded in 1641. Median Income: $175,673. 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