According to Niche, the national percentage is 20%. A long-time financial journalist, Dan is a veteran of SmartMoney, MarketWatch, CBS MoneyWatch, InvestorPlace and DailyFinance. 1 Boca Grande. Not all parts of the state are low income, however. 2020-10-14T13:25:00Z . Genesee has a median annual household income of nearly $160,000, more than double the state median. The Claremont-Lebanon micro area abuts Laconia and has plenty of its own attractions, as well. As is often the case in wealthy communities, Fairway has high real estate values. Relative to much of the country, median incomes do not vary much from place to place in Vermont. Wealthy areas tend to be home to well-educated populations -- and Bloomfield Hills is no exception. Atherton isn't the only town touting notable wealth, though. Microsoft co-founder Paul Allens estate in Atherton, CA, recently sold for a hefty $35.25 million. Located in Washington County, Arkansas, the small town of Goshen is considered to be the wealthiest in the state. What had fueled this remarkable growth was oil, specifically the discovery of the Glenn Pool oil field in 1905. Atherton, CA- Average household income - $450,696. In Topsham, 44.9% of adults have a bachelor's degree, one of the larger shares of any small city or town in Maine and far more than the state bachelor's degree attainment rate of 30.9%. Glencoe - $308,625. The report based its . A home stands in Atherton, California, U.S., on Tuesday, Feb. 18, 2020. Visit our corporate site. The median household income in Paradise Valley is nearly four times as high as the median in Arizona. Hot springs, rafting, kayaking, fishing, hiking, mountain biking and golf, among many other activities, make Glenwood Springs a year-round destination. Hard work is embedded in American culture. Cashing in on George Floyd: T-shirts, pillows, running shoes and even underwear are being sold, Median household income: $151,055 (state: $48,486), Median home value: $441,000 (state: $137,200). Median household income: $105,000 (state: $57,422), Poverty rate: 2.7% (state: 12.4%), Median home value: $352,200 (state: $145,400). The rugged mountain terrain is ideal for hiking, mountain biking, camping, you name it. Does it really matter if Aunt Jemima and Uncle Ben get retired? This unincorporated town in Essex County was founded by the inventor of the modern roller shade in the 1870s. This table shows the astonishing list of wealthiest counties in America by average household income. Driving time: 6 hours, 14 minutes. Top 5 fastest-growing U.S. cities for millionaires. Around 276,400 millionaires, 623 centimillionaires and 62 billionaires live in the San Francisco Bay area, which includes Silicon Valley. While this is the record at the beginning of 2020, his salary will surely increase by the end of this year. One whistleblower estimated it at $200 billion. The typical household in Papillion earns $80,853 a year, the most of any small city or town in Nebraska and far more than the state median household income of $59,116. Hidden Valley is a private residential community on the eastern edge of Indiana, just across the Ohio border from Cincinnati. So it should come as no surprise that Breckenridge would make the cut. More than three out of every four adults in the area have a bachelor's degree or higher, compared to 41.9% of adults in Massachusetts. The typical home in Horace is worth $293,800, the most of place in North Dakota and far more than the median home value statewide of $185,000. Across Missouri, 28.6% of adults have a four-year college education. Water views, rolling hills and a verdant landscape (at least in the warmer months) make for many an idyllic scene. Indeed, former presidents Bill Clinton and Barack Obama have summered there, and Jacqueline Kennedy Onassis long maintained a home on the island. And don't forget the incomparable sunsets. Median household income: $72,537 (state: $55,425), Poverty rate: 10.6% (state: 12.5%), Median home value: $218,800 (state: $184,500). Median household income: $80,666 (state: $44,921), Poverty rate: 4.1% (state: 17.8%), Median home value: $220,100 (state: $115,000). The Hudson, New York, micro area has emerged as an upstate hidey-hole for the well-heeled. (See below for yet even more examples.) On the downside, Minnesota is not a friendly state (opens in new tab) when it comes to taxes. Largely agricultural for most of its history, Weddington began to develop more residential housing in the 1970s in tandem with the expansion of the Charlotte metro area. With a median home value of $316,500, the typical home in the town has a median value more than double the median home value across the state as a whole. By: News 12 Staff. We only considered areas with populations between 1,000 and 25,000. Atherton is joined by Scarsdale, New York (No. 11 March 2007: The tables provide GDP figures for cities and their surrounding urban areas in 2020. Bloomberg created and ordered this list by annual household income. The bottom 90% hold less than 25% of the total wealth. Dickinson's number and percentage of millionaire households declined year-over-year. At the same time, Hudson is chockablock with architectural gems. The county seat of Loudoun is in Leesburg, where most administration activities take place. Naturally, this tony locale is not easy on the wallet, as evidenced by the exorbitant real estate prices. Oklahoma has one of the lower median household incomes among states, at $51,424. Looking at the poorest cities in the U.S., there are certainly some geographic patterns that emerge. Grant Suneson, Evan Comen and Samuel Stebbins. People with higher educational attainment are more likely to hold higher-paying jobs. Real estate taxes are among the highest in the country, and the state has not only a luxury tax, but the country's only gift tax. We have yet one of the Richest Cities in California on our list at the eight spot and that is Oxnard-Thousand Oaks-Ventura. Buckner is a Census-designated place located about 20 miles northeast of Louisville. 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. Due in part to a warm climate, proximity to the ocean, and access to a major city, homes in Pinecrest are expensive compared to statewide home values. Tourism is a key contributor to the local economy, thanks to the nearby New Hampshire International Speedway, as is the state's increasing emergence as a center of high-tech manufacturing. Once upon a time before his days as a financial reporter and assistant financial editor at legendary fashion trade paper Women's Wear Daily Dan worked for Spy magazine, scribbled away at Time Inc. and contributed to Maxim magazine back when lad mags were a thing. Hudson boasts scores of antiques dealers, which led the charge in making the town attractive for new residents, tourists and wealthier folks in search of second homes. . 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. Atherton is the richest town in America. It's less than an hour away from Annapolis, the state capital, while Washington, D.C., and Baltimore can be reached by car in about 90 minutes (traffic willing). Residents seeking a break from quaint New England living can drive to Boston in less than 90 minutes. For the fourth straight year, Atherton topped Bloomberg's Richest Places annual index. While the median income in Essex Junction is about $15,000 more than the statewide median, it falls below the overall median in several other states, including neighboring Massachusetts and nearby Connecticut. 4. America's 100 richest towns have been revealed by Bloomberg's annual index, with the highest-paid town averaging an income of over $500,000. August 25, 2020. 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. Since then, the 2020 median household income has been reported as $67,521, a 2.9 percent decrease since 2019, . Another appealing aspect of the area for millionaires: It's a straight shot down Interstate 80 to reach Sacramento, the state capital, and San Francisco. No need to worry about health care, either. The typical Clarkson Valley household earns about $171,000 a year, more than three times the income the typical Missouri household earns. Large concentrations of high-net-worth households are found in surprising locales across the U.S. T-shirts, pillows, running shoes and even underwear are being sold, Hertz is selling thousands of used cars in its fleet in bankruptcy at bargain prices, Money tips and advice delivered right to your inbox. Sure, the loss of the federal personal exemption due to the new tax law means that many Utahns, particularly those with multiple dependents, will pay higher state taxes than before. The median annual household income in America is just over $60,000. Median household income: $210,511 (state: $76,106), Median home value: $1,461,100 (state: $272,700). Just 4% of Gateway households have an annual income of less than $10,000, while 12% of households have an annual income greater than $200,000. It has a higher share of wealthy residents than any other small city or town in New York, with 56.9% of households earning at least $200,000 per year. The 25 Best Low-Fee Mutual Funds You Can Buy. High-end restaurants, plush lodges and spas are just some of the ways that millionaires can pamper themselves. Laconia, New Hampshire. The town is just outside of Anchorage, Alaska's largest city, providing residents access to many, likely higher-paying, employment opportunities. Take Bloomberg's just-released 2020 list of the country's 100 richest places, which ranks towns by average household income based on U.S. Census data. The typical Hampton household earns $92,688 a year, the most of any small town in New Hampshire and far more than the $74,057 state median household income. High-income areas tend to have well-educated populations -- and Duvall is no exception. Published 17 January 23. places to live As of 2020, Jim Walton's net worth is $44.6 billion, placing him at 11th on this list of the richest people in America. It became the first and only neighborhood in America to top the half-million-dollar mark. Oak Hill is a small city of approximately 4,600 residents located about 7 miles south of downtown Nashville. Rock Springs has since transitioned from coal to an economy dependent on trona mines and oil and gas, and is today the wealthiest small town in Wyoming. All 30 Dow Stocks Ranked: The Pros Weigh In. The typical Montana City household earns $93,194 a year, the most of any small city or town in Montana and far more than the $52,559 state median household income. Clarkson Valley is the only small city or town in the state where more than 75% of the adult population has a bachelor's degree or higher. Median household income: $214,477 (state: $59,570), Poverty rate: 4.3% (state: 15.5%), Median home value: $1,230,200 (state: $161,700). This city is in proximity to Los Angeles. Median household income: $131,354 (state: $63,473), Poverty rate: 1.5% (state: 10.9%), Median home value: $293,800 (state: $185,000). 100. worldwide. All four have average incomes upwards of $400,000. The boom times looked to be rolling again in North Dakota until COVID-19 gutted oil demand. Concord also benefits from being within easy reach of Laconia and the state's famed Lakes Region, as noted earlier. The sun-kissed island and nearby neighbors offer a tropical paradise in the good ol' U.S. of A. Horace is a small bedroom community located roughly 10 miles southwest of downtown Fargo. The city of Williston expanded rapidly during the first half of the 2010s, driven by the explosion in shale oil drilling that once gave North Dakota the fastest-growing economy in the nation. Although median income in the micro area is roughly $12,000 above than the national level, median home value beats the U.S. median by a whopping $280,900. This abandoned high school was converted into a 31-unit apartment building. Median household income: $180,541 (state: $63,575), Poverty rate: 1.2% (state: 13.1%), Median home value: $625,100 (state: $187,200). With a population of around 9000, Glencoe is one of the most popular (and exclusive) suburbs of Chicago. These include financial companies Citi and Wells Fargo as well as the biomedical companies Avera Health and Sanford Health -- each of which employs thousands of people. ), "There's something for everyone: art galleries, outdoor activities, shopping, great food. A relatively low-income state, New Mexico is one of only seven states nationwide where most households earn less than $50,000 a year. Sergey Brin. 24/7 Wall Street is a USA TODAY content partner offering financial news and commentary. Median household income: $153,417 (state: $53,267), Poverty rate: 5.5% (state: 14.8%), Median home value: $919,800 (state: $196,800). Tiny Elko, Nevada, owes its high concentration of millionaires to its status as the capital of Nevada's gold mining industry. The Hudson Historic District is listed with the National Register of Historic Places. Advertisement - Continue Reading Below. But the area offers a wealth of outdoor fun year-round. A 35-minute train ride from New York City, the town sports quaint shops and top-rated schools . Arizona has one of the highest poverty rates of any U.S. state, at 16.1%, 2 percentage points higher than the U.S. rate. On the plus side, Alaska is one of the most tax-friendly states in the union (opens in new tab). After the analysis was over, we crowned Cary as the richest city in America for 2022. Bridgeport, just south of Morgantown and West Virginia University, has the highest four-year college attainment rate of any town in the state, at 50.7%. Austin, Texas. Five-star skiing at the Deer Valley and Sundance ski resorts is roughly a half-hour away. Here is the list of top 14 wealthiest towns in America as of March 2023 1. Oxnard-Thousand Oaks-Ventura, California. 10. Mississippi: Sherwood-Audubon Area, Jackson. As we shall see, another area near Laconia makes this list of small towns with a high percentage of millionaires. These places aren't in the best states to move to in the USA, but a few are some of the wor. The typical home in New Albany is worth $494,600, more than three times the state median home value of $140,000. When folks think of Steamboat Springs, its reputation as one of the best ski resort towns in the world is likely what first comes to mind. However, also has some seriously luxurious mansions and impressively large . Median household income: $222,115 (state: $65,323), Poverty rate: 3.3% (state: 14.6%), Median home value: $954,400 (state: $302,200). Walmart is the largest employer in Benton County, where Centerton is located. Median household income: $223,182 (state: $71,228), Poverty rate: 2.3% (state: 14.3%), Median home value: $2,000,000+ (state: $475,900). The 150 richest cities in the world by GDP in 2020. A suburb of Detroit, Bloomfield Hills is located less than 30 miles from Hamtramck, the poorest community in the state where most households earn less than $26,000 a year. Initially a mining camp in the 19th century, Montana City has since developed into a wealthy suburb of approximately 2,800 residents. Median household income: $88,199 (state: $63,296), Poverty rate: 5.3% (state: 13.1%), Median home value: $251,300 (state: $249,800). Happily for residents, Washington is among the most friendly states for taxes (opens in new tab). Fairfield County towns have made yet another list of the richest places in the U.S. The town also has a poverty rate of 4.1%, less than a quarter of the state poverty rate which is 17.8%. Pound Ridge, NY (pop. ", 91 Top Dividend Stocks From Around the World. The states with the highest number of the richest cities are California with 23, New Jersey with 18, and New York with 13. Below are the 11 Chicago area towns that made the list with their rankings. In Paradise Valley, just 5% of residents live in poverty. To clarify: That means they have at least $1 million in investable assets. In Dellwood, some 75.2% of adults have a bachelor's degree, more than twice both the state bachelor's degree attainment rate of 35.4% and the national rate of 31.5%. By Kyle Woodley Much of Alaska's wealth is tied to the energy business. To determine America's richest towns, 24/7 Wall St. reviewed household income data from the U.S. Census Bureau's American Community Survey in every American town with a population of between . Bridgeport's median is just over $80,000, which is the highest of any municipality in the state but one of the lowest on this list. Summary: The Wealthiest Cities in America For 2022. "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. In the first half of the 2010s, North Dakota had the fastest-growing economy in the nation, thanks to the explosion in shale oil drilling. A popular New England vacation destination, Hampton is home to some of the most expensive houses in New Hampshire. The town is centered by Hidden Valley Lake. There's been a lot of panic surrounding the mass exodus of wealthy residents from New . In Brandon, most households earn over $84,000 a year, about $28,000 more than the typical South Dakota household. If your ideal summer retreat is a lakeside getaway, you could hardly do better than Laconia. Median household income: $108,299 (state: $55,679), Median home value: $349,500 (state: $166,800). 1 Bethany ($121,149) This town is the richest in the entire state of Oregon and it even has a larger population of 20,646. Travilah is a wealthy suburb situated some 15 miles up the Potomac River from downtown Washington D.C. With a median household income of $235,669 a year, Travilah is the wealthiest place with a population between 1,000 and 25,000 in both Maryland and the United States. Sign up here, Your California Privacy Rights/Privacy Policy. They have new homes, drive new cars, and have bright futures. "Coupeville and Langley have higher incomes, swankier homes and older residents." With over 55% of residents 25 and older holding at least a bachelor's degree, Robins one of Iowa's most highly educated towns with residents qualified for the many high-paying jobs available nearby in places like Cedar Rapids. If there's a silver lining, it's that North Dakota is one of the nation's more tax-friendly states (opens in new tab). Pinecrest, Florida, is located a few miles south of Miami, just inland from Biscayne Bay. Disclosure: Dan does not trade stocks or other securities. Combined, the median household income is just over $171,000. Burlington, the largest city in the state, sits less than 10 miles west of Essex Junction. In Oak Hill, some 78.2% of adults have at least a bachelor's degree -- about three times the 26.6% state college attainment rate and by far the most of any small city or town in Tennessee. Median household income: $114,801 (state: $78,084), Poverty rate: 4.2% (state: 9.9%), Median home value: $629,800 (state: $587,700). Located along the Connecticut River bordering Vermont, this 50-square-mile town in the Upper Valley is home to Dartmouth College, the smallest of the eight Ivy League colleges. The typical Winchester home is worth $893,700, more than double the median home value of $366,800 in Massachusetts. The tiny town about 35 miles northwest of Santa Fe is home to a government nuclear weapons laboratory and a number of chemists, engineers and physicists. This island off the coast of Cape Cod the Census Bureau classifies the entire island as part of the Vineyard Haven micro area is one of the most desirable summer vacation spots in the Northeast and has long been a favorite of the rich, the famous and the powerful. Corporate giants shouldn't be applauded for helping to solve crises their own policies have helped cause, writes Linsey McGoey. March 6, 2018 9:00am by Barry Ritholtz. Happily, for all of Elko's residents, Nevada is a no-income-tax haven, and one of Kiplinger's top 10 most tax-friendly states. The median home value in Hidden Valley is $196,800, more than $60,000 higher than the median home value in Indiana as a whole. 5,104) over $200,000: 2. The Boston suburb of Winchester has a median household income of nearly $160,000 a year -- more than double the statewide median of $77,378, which itself is one of the highest among states. Great Falls is just across the Potomac River from Maryland and a short commute away from Washington, D.C., giving residents access to the many high-paying jobs available in the area in government and with government contractors. Analysts say a tough 2022 has left these small-cap stocks priced for outperformance in the new year and beyond. CEOWORLD magazine - Top Stories - C-Suite Lifestyle - RANKED: These Are The 50 Richest Towns To Live In The United States, 2020. Median household income: $73,015 (state: $45,726), Poverty rate: 8.8% (state: 17.6%), Median home value: $170,700 (state: $123,300). Jim Walton is the last heir to the Walmart fortune. Click for the full list. Each has an average household income of over $400,000. Greenville's median home value is more than triple that of New York state, at over $950,000. The net impact of accounting for differences in the purchasing power of a dollar in . In winter, it's all about skiing. Mountain biking, hiking and fly fishing are just a few of the allures for the millionaire who likes the great outdoors. Tiny Easton, on the Eastern Shore of the Chesapeake Bay, prides itself on its out-of-the-way feel, with country farms mixing with lavish waterfront estates. As is often the case in wealthy communities, real estate is not cheap in Darien. Launching and succeeding with an innovative, one-of-a-kind business is an exhilarating yet daunting journey. Who said big money is smart? For the second year since Bloomberg started to compile the Richest 100, the nation's top spot is Atherton, California. Everything costs more in Juneau. The city's great appeal is no secret. The Cannon River runs through town, and several parks and walking paths provide access to fishing, canoeing and kayaking. The Faribault-Northfield area is so desirable that Kiplinger has named it a great place to retire. Less than 1% of people in Robins, Iowa, live below the poverty line, and more than 22% of households in the town earn more than $200,000 annually. The median household income in Edgeworth is $161,641, making it the wealthiest municipality in Pennsylvania. But as anyone who works in the oil patch knows, booms and busts are an integral part of the industry. The allures of the Key West area are well known. However, when it comes to the highest concentration of . From metro areas on both coasts to the middle of the Pacific Ocean, these are the priciest cities in the U.S. to call home. He's also written for Esquire magazine's Dubious Achievements Awards. 5). Median household income: $75,439 (state: $60,076), Poverty rate: 6.2% (state: 11.2%), Median home value: $283,400 (state: $223,700). Watch on. Kiplinger is part of Future plc, an international media group and leading digital publisher. In others, a particular industry drives local wealth. Median household income: $93,194 (state: $52,559), Poverty rate: 2.4% (state: 13.7%), Median home value: $331,900 (state: $219,600). By Dan Burrows Complete list click for interactive table. By comparison, the median household income across Pennsylvania is $59,445. Investable assets include education/custodial accounts, individually owned retirement accounts, stocks, options, bonds, mutual funds, managed accounts, hedge funds, structured products, ETFs, cash accounts, annuities and cash value life insurance policies. . Warren Buffett Stocks Ranked: The Berkshire Hathaway Portfolio. We've rounded up the wealthiest citizens from 31 rich countries, including America, the UK, Canada, and Australia. Known for high-income levels and a low unemployment rate, Luxembourg is the richest country in the world. The Mount Washington weather station, Median household income: $74,172 (state: $43,567), Poverty rate: 3.8% (state: 20.8%), Median home value: $177,900 (state: $114,500). Median homes prices top the U.S. median by more than $159,000. The typical household in Horace today earns $131,354 a year, the most of any small town in North Dakota and more than twice the state median household income of $63,473. 2); Hillsborough, California (No. Posted Mon, Feb 24, 2020 at 12:35 pm ET. Unfortunately for millionaires and folks of lesser means, New York State taxes take a bite. This level of education qualifies Genesee residents for many of the high-paying jobs in the Denver area. Only 4.5% of the community's families fall below the poverty line, and with a mean household income of $339,883, residents can boast of being some of the wealthiest in the entire state of Illinois. This prosperity has likely attracted many new residents to Jenks -- the population grew by more than 24%, from less than 18,000 in 2013 to over 21,000 in 2018. . When you purchase through links on our site, we may earn an affiliate commission. One characteristic these towns have in common is a high level of education. Median household income: $132,587 (state: $52,413), Poverty rate: 1.7% (state: 15.4%), Median home value: $443,600 (state: $165,900). Scottsdale, Arizona. The largest companies in the area include government tech contractor Booz Allen Hamilton, Inova Health System, and government-sponsored finance giant Freddie Mac.