When you think of wealthy areas in California, some people may think Beverly Hills or Sunnyvale. But since this is about Middle America, we'll try to be on target with the towns we will feature, this means that those small rich towns in New York, Washington, and Connecticut are also out. To score the cities, we ranked each one from 1 to 306 where 1 is the "richest" for that category. The wealthiest 1% of Americans hold an amazing 40% of all wealth. Many people here are loaded. GOOG Atherton is joined by Scarsdale, New York (No. Regions that were once home to the richest cities in the U.S. such as the Midwest and New England during the time of John D. Rockefeller, Andrew Carnegie and Joseph P. Kennedy now have fallen behind new centers of wealth on the West Coast and booming southern states like Texas. Its population is just over 25,000 (as of 2020). No wonder rich tech executives and investors have landed in Sunnyvale. Is everyone in these places loaded? Its content is produced independently of USA TODAY. When it comes to the richest towns in the United States, a few names stand out like Los Altos Hills in California or Great Falls in Virginia. Notable residents include CEOs, actors, pro sports players, and authors. 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 New York suburb has been home to several American celebrities, including Bruce Springsteen. "Being only 20 minutes away from Silicon Valley and 45 minutes to downtown San Francisco, [Atherton] is where many billionaires and C-Suite executives choose to reside," Rachel Swann, real-estate brokerage The Agency San Francisco managing partner, told CNBC Make It. Travilah, Maryland. Background: In May, the Heroes Act passed the U.S. House, 208-199. This Westchester County suburb of New York City is the richest town on the East coast. Combining these, we generated lists of the richest city and poorest city in each state were then identified. The U.S. Census Bureau tracks median household income up to $250,000. Rebecca R. Norris is a full-time freelance writer living in the DC metro area. Their workforce is also among the best-educated in the state, too. 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. We found the 50 richest places in the country received $350 million in bailouts. You Can Contribute Even More To Your 401(K) In 2023, But Should You? Los Altos Hills is a Silicon Valley town. From the road, its all high brick walls and opaque gates. 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. Harwood Court in Scarsdale, Westchester County, New York. Click here to see the richest cities in America. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[336,280],'homesnacks_com-medrectangle-3','ezslot_1',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. The overwhelming majority of those who make it onto "richest people" listsin all 50 states or the worldare men.. income inequality increased across the country, Your California Privacy Rights/Privacy Policy. 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. Welcome to Bellevue, Washington, our 6th most richest city in America. Los Altos Hills is a Silicon Opinions expressed by Forbes Contributors are their own. 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. To even make the top 100, towns need an average household income of more than $220,000. Read on to find out the richest cities in the U.S. and poorest cities. Phillip Roths first book, Goodbye, Columbus, was largely set in Short Hills. Every item on this page was chosen by a Veranda editor. (Podcast). This is a BETA experience. They have new homes, drive new cars, and have bright futures. Several well-known actors, such as Charlton Heston, Rock Hudson, Virginia Madsen, and Chris ODonnell, have called the Chicago suburb home. But money does indeed buy happiness. We may earn commission on some of the items you choose to buy. 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. Palm Beach is in South Florida and is home to Trump's infamous Mar-a-Lago. It may not be a very large place, but people's bank accounts are pretty large. 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, It's safe. Many of the richest suburbs also have very expensive homes. 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. 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. Search 40,000 local units of government for their allocation of $400 billion of Heroes Act bailout [+] money. 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. 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. Check out: The best credit cards of 2020 could earn you over $1,000 in 5 years, Get Make It newsletters delivered to your inbox, Learn more about the world of CNBC Make It, 2023 CNBC LLC. If Scrooge McDuck was real, he'd probably have a home here, don't you think? if(window.innerWidth<700){ezoicSiteSpeed(jQuery(document),String(/documentReady/).substring(1).slice(0,-1),String(/jQuery-document-dot-ready/).substring(1).slice(0,-1),function($){$("#skip_expand").html("(Expand+)");$("#toc ul").css("display","none");$("#skip_expand").on("click",function(){$("#toc ul").toggle()});$("#toc h3").on("click",function(){$("#toc ul").toggle()});});}. Tech billionaires, like former Google CEO Eric Schmidt, Facebook COO Sheryl Sandberg and late Microsoft co-founder Paul Allen, have called the richest town in America home where the average household income is more than $500,000 a year. 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. For the fourth straight year, Atherton toppedBloomberg'sRichestPlaces annual index. People here earn on average, the 13th highest incomes overall, and only 3.56% of people who live here don't have a job. Launching and succeeding with an innovative, one-of-a-kind business is an exhilarating yet daunting journey. Perhaps. In all of the 34 richest towns, the share of adults with a bachelors degree is at least double the national figure of 30.9%. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks. Notable people include Eric Lefkofsky, founder of Groupon, film critic Gene Siskel, and author Scott Turow. Our auditors at OpenTheBooks.com cross-referenced the nations 50 richest communities listed in the Bloomberg 2020 Richest Places with Heroes Act coronavirus bailouts. The 10 Biggest Fintech Companies In America, PODCAST: Why Cristiano Ronaldo Is The World's Highest-Earning Athlete, 2017 Grateful Grads Index: Top 200 Best-Loved Colleges, Full List: The World's Highest-Paid Actors And Actresses 2017, Meet The Richest Self-Made Women On Wall Street 2017, Forbes/Fridson Income Securities Investor, Machine Readable File: Transparency in Coverage. Many of the richest suburbs also have very expensive homes. Great schools. Notable residents include John Elway and Peyton Manning. Wolf Happiness isn't the metric we're measuring, today, however. Median Income: $175,673. Theres also a home for sale 6.8 times that size (15,300-square-foot) and more than 19 times that price, listed at $32 million. "Sprawling residences set amidst landscaped gardens and a beautiful backdrop.". We mean, specifically, which parts of the country. 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. New Yorks richest person and former mayor, Michael Bloomberg, is worth $59 billion.Beijings richest billionaire is the founder of TikTok (among other things), Zhang Yiming with a net worth of $35.6 billion.. Hillsborough is a notoriously hilly neighborhood that is only 17 miles from San Francisco. Microsoft co-founder Paul Allens estate in Atherton, CA, recently sold for a hefty $35.25 million. Here are the top 10 richest places in the U.S., according to Bloomberg: For the full list of 200, take a look at Bloomberg's ranking. 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 homes in Atherton are spectacular," Swann told CNBC Make It. There is definitely some overlap between the first list, where cities had to have at least 1,000 households, and this list in which there are no size limitations. I cover real estate, economics and cost of living. Atherton isnt the only town touting notable wealth, though. The Midwest is also home to some of the lowest incomes, such as Michigans Highland Park, Missouris Cuba and Ohios East Cleveland. 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. 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. Antigua and Barbuda Citizenship by Investment Program (CIP), St. Lucia CIP: Saint Lucia Citizenship By Investment Program, Vanuatu CIP: Vanuatu Citizenship By Investment Program, Montenegro Citizenship By Investment Program (CIP), Moldova CIP: Moldova Citizenship By Investment Program, Turkey CIP: Turkey Citizenship By Investment Program, Portugal Golden Visa Program. WebFor the first time ever, Forbes reveals the richest person in each of Americas 50 largest cities. When she's not writing, she can be found out and about with her Jack-Chi, Cash, sweating her way through an Orangetheory class, or taking it easy with family and friends, .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;}}9 Beautiful Tables from the 2023 Orchid Dinner, Yoko Ono Is Moving to a Farm in Upstate New York, 6 Auction Etiquette Tips Everyone Should Know, Inside the Mansion from Netflix's Outer Banks, Queen Elizabeth Inspired Kate's Opera Gloves, Kate Middleton's Most Iconic Jewelry Moments, Queen Consort Camilla Has Selected Her Crown. Los Altos Hills, California. For a table of the richest and poorest cities in every state with no size restriction, go to the end of the article. Highland Park is an affluent suburb of Dallas, just four miles north of downtown. Median home values in the 50 richest cities begin at $498,900, about double the median nationwide of $244,900, and reach over $2,000,000 among. 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. 3); and Cherry Hills Village, Colorado (No. #3. 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. Poverty rates, median home values, and the percentage of adults with at least a bachelors degree also came from the ACS and are also five-year estimates through 2017. It then ranked each by average household income. That would be Frisco, Texas -- a little nook just outside of Dallas. Immediately to the south, you've got Cupertino, home of Apple. 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. Scarsdale is 35 minutes away from New York City, and yet another town on this list that's in Westchester County. Median home values in the 50 richest cities begin at $498,900, about double the median nationwide of 2023 USA TODAY, a division of Gannett Satellite Information Network, LLC. Well, good schools and plenty of amenities, of course. 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These unicorns are forever changing the way we interact with money. 10 Most Affordable Cities To Buy A Home. Why Is Marie Antoinette Everywhere Again? Notable figures who have called Los Altos Hills home include former Major League Baseball player Barry Bonds and tech entrepreneur Steve Kirsch. Below youll find a table including the richest cities in every U.S. state as of 2021. Several well-known actors, such as Charlton Heston, Rock Hudson, Virginia Madsen, and Chris ODonnell, have called the Chicago suburb home. To Bellevue, Washington, our 6th most richest city and poorest cities in America are! Of marketing before founding HomeSnacks Opinions expressed by Forbes Contributors are their own search 40,000 units. Cars, and yet another town on the East coast of Dallas Florida and is home to Trump infamous! To find out the richest city and poorest city in America told CNBC make it their allocation of $ billion! 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