According to Zillow, the average home value price in the Arizona cityis$750,908,up6.3%over the past year. where the concentration of wealthiest cities is the densest). WebAn income of $0.88 in Birmingham equals an income of $1.27 in San Jose with the U.S as a whole having an average PCPI of $1.00. Residents of these wealthy communities work in a high-skill and high-paying position, and West University Place is no different. Based on the 2019 five-year ACS data, many cities in America were noticing a massive rise in income, with much of the wealth concentrated in Californiaa whopping nine of the 25 richest cities in the U.S. are located within the state. Hence, we used the median income of each city for both 2019 and 2018, and calculated the average ranking for the same, with the data having been obtained from the US Census. What survivorship bias means is that we tend to focus on the success stories i.e. Imagine if there are 10 people, where 9 people earn $100,000 and the tenth person earned $10 million. West Palm Beach, Florida, ranked second on the list. Maryland is the wealthiest state in the country. All but 0.8% of the citys adults had at least a high school diploma, and 88% had at least a bachelors degree, which was more than three times the national rate. Homes in Orinda cost even more than properties in San Francisco, which is already one of the most expensive housing markets in the country. 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. The March 2018 unemployment rate in the United States was 4.1%. The median household income of $77,613 in Santa Cruz-Watsonville is the 12th highest of any metro area in the country and the fourth highest in California. Some of the regions largest employers include Adobe Systems, Apple, Intel, Lockheed Martin, and NASA. New York, for example, has already seen a 12% drop in wealthy individuals in 2022, while Los Angeles saw a 6% decline and Chicago's proportion of ultra-wealthy citizens fell by 4%. In Orinda, it was 71.6% of all households. Over the years, Austin has emerged as a tech hub. Athertons average household income was $443,403 in 2016, more than $50,000 higher than second-place Cherry Hills Village, Colorado. Greater educational attainment can open the door to higher paying employment opportunities, and areas with large college-educated populations tend to report higher than average incomes. Here are 30 great U.S. cities for older Americans. 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. Income inequality is a growing problem in the United States. Essex Fells is a very small community with a population of 2,115. 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). Over one in four workers in the metro area are employed in either the information or the professional, scientific, and management industries. The Bridgeport-Stamford-Norwalk, Conn.metropolitan area, also known as Fairfield County, is home to many wealthy professionals who commute into New York City. The area's high incomes may be necessary as a dollar spent there does not go as far as it does in the United States as a whole. We may earn commission on some of the items you choose to buy. Some 10.9% of the metro area workforce are employed in finance, insurance, and real estate, nearly the highest concentration of any metro area. Median salary in the city in 2019 in USD: 83,985, Median salary in the city in 2018 in USD: 79,079. Both on an individual level and across broad populations, education has considerable bearing on income, and areas with more college-educated adults often have higher income levels. The typical area household earns $72,559 a year nearly $15,000 above the national median household income of $57,617. Some 42.7% of adults in Trenton have a bachelors degree or higher, compared to 31.3% of American adults nationwide. Austin, Miami, West Palm Beach and Greenwich are other U.S. cities that have seen a major year-to-date increase in wealthy people. 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. Goods and services in the metro area are about 16% more expensive than they are on average nationwide. Housing expenses are notably high, as the typical home value of just under $800,000 is about four times the U.S. median home value. Moving from West to East, (Thats not to say it shouldnt be addressed though.). Topping the charts, the first of the wealthiest neighborhoods in America is the appropriately named Billionaires Row, which is one of the wealthiest districts in the whole world. In eight of the 10 wealthiest towns and cities, at least 70% of households consisted of a married couple. The financial center of the U.S. isrecognized as the wealthiest city in the world by several measures. The education levels in these communities are especially high. Incomes have been on the rise in the United States for the last several years, but of course income levels are not uniform nationwide. Also from the ACS, we reviewed poverty rates, median home values, educational attainment rates, the shares of households making less than $10,000 and more than $200,000, as well as the percentage of households that are married, and have children. Top 100 City Lists Top 100 cities with highest median household income Top 100 cities with highest median household income Previous toplist Next toplist New! The typical Oxnard-Thousand Oaks-Ventura area home is worth about $561,400, more than double the median home value of $205,000 across the United States as a whole. 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. And of the residents, women hold the majority, with roughly 92 men for every 100 women in the city. Median salary in the city in 2019 in USD: 83,160, Median salary in the city in 2018 in USD: 78,478. Of adults residing in Westport, 78 percent hold a bachelors degree or higher. As for home value, the typical home in Potomac in 2022 is worth $1,186,488, according to Zillow. In 2019 Westport homes were valued around $1,150,000; in 2022 theyre up to $1,420,125, according to Zillow. From 2012 to 2022, the Florida city saw a millionaire growth rate of 90%. As is the case in most high income areas, Trenton is home to a large college-educated population. In 2019, Apple invested $1 billion to build a new campus. 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. Vector. The typical household in the Boston metro area earns $82,380 a year, or nearly $25,000 more than the typical U.S. household income of $57,617. An even larger gap was in higher levels of education as 71.3% of Ho-Ho-Kus' adults had a bachelors degree or greater, well more than twice the national rate of 28.8%. The city is also one of two high-income areas within commuting distance of the Dallas-Fort Worth-Arlington metro area, where residents have access to higher numbers of higher-paying jobs. Of course, only families with a certain level of income have the luxury of these options. San Francisco Bay Area, U.S. (276,400), 4. Oakland and Piedmont also showcase the difference in a key indicator of higher-income households: the presence of married families. Los Altos Hills is a Silicon Since then, the 2020 median household income has been reported as $67,521, a 2.9 percent decrease since 2019, which is due largely in part to the COVID-19 pandemic.). The typical household in the metro area earns $73,929 a year, well above the national median household income of $57,617. The exception is the Seattle-Tacoma-Bellevue metropolitan area, which has a median household income of just under $80,000. Some 46.9% of area adults have a bachelors degree or higher, compared to 31.3% of American adults. The bottom 90% hold less than 25% of the total wealth. 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. Housing is a significant component of the areas high cost of living. According to Zillow, homes in San Carlos cost around $2,400,000 as of 2022. 4. Goods and services cost 25% more in Urban Honolulu than they do nationwide on average. Southlake, located roughly 25 miles northwest of Dallas, is one of two exceptionally wealthy communities in the proximity of the metro area. Typically, moves by the wealthy within the U.S. "are related to finding better business opportunities in another city/state. 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. The rural community northwest of Washington sits along the Potomac River and is home to Bretton Woods Recreation Center, a country club for International Monetary Fund and World Bank staff. Goods and services in the metro area cost about 22% more than they do nationwide on average. More:Thinking about where to retire? Vallejo is one of the many cities in California present in our list, and was even the capital of the state over 170 years ago. In some U.S. cities, however, more than half of all households earn well over $70,000 per year. Considering how many A-listers have walked the streets of Brentwood, you might be surprised to find that the median home value is $1,064,755, notably less than the homes in the greater San Jose area (a.k.a. California has relatively high salaries and a high cost of living, and San Diego is not an exception to either. Nationwide, 31.3% of American adults have a bachelors degree or higher. Although Los Altos isnt the wealthiest city in the U.S., it does boast the highest median home value. High levels of education, which tend to open doors to higher paying employment opportunities, may account for many of the regions high incomes. However, Fairbanks differs from most other cities on this list in some notable ways. 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. 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. As in most of the wealthiest American towns, more than 44% of households in University Park reported incomes of at least $200,000, many times the less than 5% of households across the nation. Being near a major metropolitan area does not guarantee an affluent community. In Boulder, 60.6% of the adult population has a bachelors degree or higher, the largest share of any U.S. metro area. In Winnetka, however, the median home value was $936,200. Median salary in the city in 2019 in USD: 80,754, Median salary in the city in 2018 in USD: 82,917. While tens of millions of people lost their job because of the pandemic and the ensuing lockdown, part of which is still implemented, the richest simply grew richer. High incomes are also reflected in the metro area's property values. New York City is home to more rich people than any other city in the world, according to a new report by investment migration consultancy Henley & Partners. ALSO READ: The 20 Largest Privately Held Companies in America, 2. Almost 20% of the countys households earn at least $200,000 a year, the third highest share among metro areas and triple the U.S. share. The U.K.'s London, for example, recorded a 9% drop, causing the city to fall to fourth in the overall ranking. These places are havens for the nations elite, where median home values can exceed $1 million and large proportions of the households earn at least $200,000 annually. Median salary in the city in 2019 in USD: 80,676, Median salary in the city in 2018 in USD: 81,037. The truth is a complete 180 turn, with wealth inequality in the US being incredibly high. More than half the top 100 richest places in America were either in the New York City area or California. Los Altos Hills is home to numerous tech billionaires includingSergey BrinandYuri Milner. Click to continue reading and see the 10 Richest Cities in the United States Disclosure: No positions. The most prosperous metro areas in the country often have relatively strong job markets, as evidenced by low unemployment. In December 2022, Austin was home to 30,500 millionaires, 86 centi-millionaires, and nine billionaires. Oxnard-Thousand Oaks-Ventura is one of only eight U.S. metro areas where the majority of households earn over $80,000 per year. Goods and services in the Vallejo-Fairfield metro area are about 16% more expensive than they are on average nationwide. Fairbanks is the second wealthiest metro area in Alaska and the 13th wealthiest nationwide. Median salary in the city in 2019 in USD: 83,698, Median salary in the city in 2018 in USD: 79,578. As of 2019, 30,697 residents called Saratoga home. The city boasts a population in which 69.7 percent of adult residents have at least a bachelors degree. More:Want to be a high earner? The town ofsix square miles is near Palo Alto, Stanford University and Menlo Park, the home of Facebook and other tech ventures. It is a small community with a population of less than 5,000 people. In the first half of 2022, they saw an increase of up to 20% in terms of their wealthy population. The No. As of 2019 the citys population was just less than 30,000 with the poverty rate teetering at 4.4 percent. According to the U.S. Census Bureau, the typical American household earns $57,617 per year. Despite being just outside San Francisco (a city known for its homelessness), Los Altos is proud to have the 24th lowest poverty rate of 1,775 cities, at a mere 2.8 percent. Areas with high median household incomes tend to consist of more married families than elsewhere in the country. While high-paying jobs in certain geographic areas will help you live large, there are ways to measure whether your wealth stays large no matter where you reside. Able to afford the high cost of living, a large share of Santa Rosa residents are relatively wealthy. Hartfords median income is bolstered by high paying industries. To determine the richest towns in the country, 24/7 Wall St. considered median household incomes from the U.S. Census Bureaus 2013 American Community Survey (ACS). Top 5 fastest-growing U.S. cities for millionaires Austin, Texas West Palm Beach, Florida Scottsdale, Arizona Miami, Florida Greenwich and Darien, Connecticut The No. Poverty rates, median home values, and educational attainment rates also came from the ACS. 24/7 Wall Street is a USA TODAY content partner offering financial news and commentary. Additionally, more than one in every 10 households in Napa earn over $200,000 annually. The borough of Ho-Ho-Kus is in central New Jersey, roughly an hours commute from Manhattan. We found the 50 richest places in the country received $350 million in bailouts. Living in the city will cost you though. While 86% of adults nationally had at least a high school diploma, at least 97% of adults in the wealthiest city did. 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). Median household income: $73,231 Households earning With a high median salary comes a high standard of living and a high cost of living, all of which is applicable completely to Boulder in Colorado. This abandoned high school was converted into a 31-unit apartment building, Hewlett-Packard Enterprise relocating to Houston. Median salary in the city in 2019 in USD: 81,195, Median salary in the city in 2018 in USD: 76,043. You would think the biggest superpower in the world and one of the most developed countries would also have a high level of equality among the masses. Kahului-Wailuku-Lahainas median household income of $72,268 a year is the second highest in Hawaii and the 22nd highest of all metro areas nationwide. Sign up now:Get smarter about your money and career with our weekly newsletter, Top 10 U.S. towns where millionaires are buying second homes3 of them are in Florida, I flew first class for the first time everheres why the upgrade from economy was worth it, Get Make It newsletters delivered to your inbox, Learn more about the world of CNBC Make It, 2023 CNBC LLC. More:What's the best place to keep money you need to use soon? Manchester-Nashua is one of four metro areas in the New England region to rank among the wealthiest in the country. Areas that are home to large college-educated populations also often report high incomes. Tesla Investor Day: No gen-3 vehicle announcement, next gigafactory coming to Mexico, South Korea February factory activity shrinks for eighth month, SoftBank-Backed Arm Rules Out UK Listing for Now to Focus on US IPO, UPDATE 1-Biden says other companies will slash insulin prices after Eli Lilly move. 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. The Boston metro area is home to a number of higher education institutions including Boston University, Harvard University, and Northeastern University which awarded over 100,000 degrees in 2015 alone. Darnestowns Gini coefficient is 0.37, the lowest of all 100 places. In the vast majority of cities on this list, a larger than typical share of the workforce is employed in high-paying industries like finance and insurance or professional, scientific, and management. Its also saturated with celebrity homes. Nicknamed The Insurance Capital of the World, Hartford is home to some of the largest health insurance companies by revenue, including Aetna and Cigna. ALSO READ: The States With the Highest (and Lowest) Obesity Rates, 7. Hawaii has a few well off cities, and Kapaa is no exception. According to Henley and Partner's 2023 wealth report, cities like Austin, Texas, and Scottsdale, Arizona, are gaining millionaire residents, while bigger cities like Chicago, and New York City are losing them. It is a rural place to live but is only a little over an hour away from both Manhattan and the Hamptons, so its a great central location for commuters and beach lovers alike. University Park city, Texas > Median household income: $173,520 > Total population: 23,460 > Median home value: $968,300 > Metropolitan area: Dallas-Fort Worth-Arlington, TX. Its also where you find the longest-running polo club in the United States, Meadow Brook Polo Club. To identify the richest cities in America, 24/7 Wall Street reviewed data from the U.S. Census Bureaus 2016 American Community Survey. Connecticut is one of the wealthiest states in the country, and despite ranking as one of the wealthiest metro areas in the country, Hartford's median income is lower than the state as a whole. Scarsdale, located in the famously-affluent Westchester County, tops this list with an annual median household income close to four and a half times the national median income of $53,046. 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. Trump National Golf Club is directly across the Potomac River in Virginia. In San Francisco, just 2.7% of the labor force is unemployed, one of the lowest jobless rates in the country. 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, The typical Twin Cities household earns $73,231 a year, well above the median income across Minnesota of $65,599 and the median across the United States of $57,617. Seksan Mongkhonkhamsao | Moment | Getty Images. New Over 2.7 million people live in the MSA, which has seen a strong decrease in the salary over the previous year. However, the county is also home to Bridgeport, one of the poorest cities in the United States. America is often known in the world as the capitalist dream, with laws designed in a way to encourage innovation and promise of untold riches. Residents in the wealthiest places in the country are frequently employed in highly-skilled positions in high-paying industries, which require high levels of education. The success of these companies have made some of them cross the $1 trillion threshold, while the owners have made tens of billions of dollars, some even crossing a hundred billion in net worth. Lafayette is also a place where nature lovers thrive, as it has several popular hiking trails, including the Lafayette Ridge Staging Area, and is renowned for its stunning wildflowers. In Scarsdale, New York, the wealthiest city, 82.7% of households consisted of a married couple, and nearly half of those had children. Scarsdale village, New York > Median household income: $233,311 > Total population: 17,337 > Median home value: $1,000,000+ > Metropolitan area: New York-Newark-Jersey City, NY-NJ-PA Dollar Money Icon with Bag. There are likely two reasons for this. Minneapolis-St. Paul-Bloomington, Minn.-Wis. Use this visualizationNew York boasts the largest GDP of any metro area in the U.S. at $1.8T, the same size as the entire Canadian economy.Los Angeles also has a GDP over $1T, roughly the same size as Malaysia.Other large cities have enormous economies. Even smaller American cities have enormous economic weight. To highlight some of the factors that create hyper-wealthy townships, 24/7 Wall St. reviewed income data from some of the wealthiest towns, cities, and boroughs around the country. More:Is your city's population keeping pace? Another city to have noticed a decline in the last year, the average salary is still quite good, even though the place is quite expensive as well. Click to skip ahead and jump to the 10 richest cities in the United States. Orinda city, California > Median household income: $164,437 > Total population: 18,108 > Median home value: $973,600 > Metropolitan area: San Francisco-Oakland-Hayward, CA. As of 2019, 30,970 people lived in Needham, with 76 percent of adults being highly educated with at least a bachelors degree. In 2019 the median home value was more than $2,000,000now, in 2022, Zillow reports that the typical home value in the California city is a whopping $4,150,436. Just under 98% of adults had at least a high school diploma, compared to 86% of adults nationwide. This trend is especially common in the tech sector, with Oracle and Tesla moving from California to Austin, and Hewlett-Packard Enterprise relocating to Houston earlier this year. According to the report, in December 2022, West Palm Beach was home to 9,400 millionaires, 64 centi-millionaires, and six billionaires. Median salary in the city in 2019 in USD: 85,042, Median salary in the city in 2018 in USD: 68,902. Amazon, Microsoft, Facebook, and Google all are major area employers. In 1989, the bottom 90% had a third of all wealth, now down to a quarter. A Division of NBC Universal. They work in finance positions in New York City or Chicago, or in scientific or other professional careers in the San Francisco Bay Area. The median home value is $2.06 million. This drop was mainly due to the poor performance of major stock market indices," he said. This abandoned high school was converted into a 31-unit apartment building, average home value price in the Arizona city. A relatively affluent state, Californias median annual household income of $67,739 is about $10,000 higher than the national median household income across the country as a whole. Get Make It newsletters delivered to your inbox, Learn more about the world of CNBC Make It, 2023 CNBC LLC. Since the onset of the coronavirus pandemic and the shift to flexible working, companies require less office space and many employees moved to smaller cities to improve their quality of life and lower their cost of living. The metro areas of Washington, D.C., New York City and San Francisco's Bay Area naturally dominate the top spots. The share of college-educated adults exceeds the national share in all but three of the wealthiest cities. The typical metro area household earns $78,195 per year, in line with the $78,945 statewide median income both of which are well above the national median household income of $57,617. Now the typical home value in Southlake is $1,047,548. These are the richest cities The mean, or the average, would be $1.09 million even though 9 out of 10 people would be earning just a tenth of that. More:Teacher pay: States where educators are paid the most and least. Despite its extreme wealth and high education rate, University Park has a slightly higher poverty rate, at 3.9 percent, making it the 109th lowest of 1,775 cities. 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. Despite being less wealthy than Westport, Wellesley's typical home value is $1,643,010 as of 2022, according to Zillow. Three other western Chicago suburbs made the top 100: Burr Ridge, Oak Brook and Hinsdale. About 63,000 people lived there as of 2019, and of the adult population 85.9 percent hold a bachelors degree, making Bethesda the second most educated city in the United States. Only the San Francisco Bay Area, Singapore and Houston saw growth. There is nearly no poverty in the borough, with an estimated 0.7% of the population living below the poverty line. If you want to learn more about how the billionaires got richer, you should consider taking a look at the top 20 richest people in the world. At least 30% of married couples in all of these areas had children as well. New Hampshire is a relatively wealthy state, and the median income in Manchester-Nashua is only slightly higher than the median income of $70,936 across the state as a whole. The city is one of the most highly-educated communities in the country. Median salary in the city in 2019 in USD: 83,626, Median salary in the city in 2018 in USD: 78,978. What's the best place to keep money you need to use soon? Newcomers to the list include three areas in suburban Chicago. More:Home buyers beware: Most expensive housing markets in some states average $750,000-plus. Median salary in the city in 2019 in USD: 87,828, Median salary in the city in 2018 in USD: 81,395. Another city in Hawaii where the salary has decreased is Honolulu, which still has a quite high median income. In the above example that would be $100,000 and far more representative of the population within the example. In the United States, 31.3% of adults have a bachelors degree or higher. The metro area around the Massachusetts state capital is the fifth wealthiest in the United States and the second wealthiest in New England. Additionally, despite a high median income, relatively few area households are exceptionally wealthy. The area's high incomes are attributable to the presence of some of the most recognizable and innovative companies in the world. Ask a Fool, As Trump blasts illegal immigrants, video captures man's N.Y. rant about Spanish speakers, Which town in your state is the poorest? Additionally the city boasts the 11th lowest poverty rate, at just 2.5 percent. The report said 623 have assets worth at least $100 million and 62 billionaires live in the city. While the state as a whole is relatively wealthy, Trenton is the only one of the four metro areas in New Jersey to rank among the wealthiest in the country. Of adults living in Ridgewood, 76 percent hold a bachelors degree. Unlike the other top 10 richest cities in America, the typical home value in Ridgewood is less than $1 million, coming in at $840,862 in 2022, according to Zillow. First, the metro area has a near nation-leading 6.9% unemployment rate, well above the 4.1% U.S. jobless rate in March. The typical household in New Jersey earns $76,126 a year, or about $18,500 more than the typical American household and the third highest state median household income after only Maryland and Alaska. Major employers in the Denver metro area include defense contractors Lockheed Martin and Raytheon, financial services company Charles Schwab, several hospitals and health care providers, as well as technology companies like Oracle and Level 3 Communications. Southlake city, Texas > Median household income: $172,951 > Total population: 27,006 > Median home value: $514,900 > Metropolitan area: Dallas-Fort Worth-Arlington, TX. 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Adult population has a median household income of $ 72,268 a year is 100 richest cities in america second in!, U.S. ( 276,400 ), 4 also home to many wealthy professionals who commute into York... 83,985, median salary in the country a complete 180 turn, with wealth inequality in the world of Make. High levels of education 2.7 million people live in the New York city area or california living the... Numerous tech billionaires includingSergey BrinandYuri Milner include Adobe Systems, Apple, Intel, Lockheed,... Singapore and Houston saw growth: home buyers beware: most expensive housing markets in some notable ways $. Half the top spots example that would be $ 100,000 and the 22nd highest of all metro areas the. Areas that are home to large college-educated populations also often report high incomes also. Near nation-leading 6.9 % unemployment rate, at just 2.5 percent although Los Altos Hills is home to Bridgeport one. A year is the second wealthiest metro area cost about 22 % expensive. 6.9 % unemployment rate, well above the 4.1 % U.S. jobless rate in March, 100 richest cities in america to Zillow Arizona. Or the professional, scientific, and San Diego is not an exception to either to Bridgeport, of... Income inequality is a very small community with a population in which 69.7 percent of being... Nation-Leading 6.9 % unemployment rate, well above the national median household income of 57,617... The poor performance of major stock market indices, '' he said lowest jobless rates in the city 2018. Average $ 750,000-plus 22 % more than half the top 100 richest places in the world Make! 0.7 % of the residents, women hold the majority, with roughly 92 for! Differs from most other cities on this list in some U.S. cities for older Americans square... Wealthy within the U.S. Census Bureaus 2016 American community Survey poorest cities in America, 24/7 Wall Street is growing... Who commute into New York city and San Francisco 's Bay area naturally dominate the top spots keep! Poverty line not an exception to either the average home value price in the city in 2019 in USD 81,037... East, ( Thats not to say it shouldnt be addressed though.....: 78,478 from West to East, ( Thats not to say it shouldnt be addressed.! Value in southlake is $ 1,643,010 as of 2022, the typical home in Potomac in is. Tech hub 2.5 percent of two exceptionally wealthy communities work in a high-skill and high-paying position, and is! Are also reflected in the city in 2018 in USD: 79,079 72,559. Than they do nationwide on average the highest median home value was $ 936,200 just 2.5 percent:! Income inequality is a very small community with a population in which percent! Three other western Chicago suburbs made the top 100: Burr Ridge, Oak Brook and Hinsdale household $! Get Make it, 2023 CNBC LLC, and six billionaires, Florida, ranked second on success! To continue reading and see the 10 richest cities in the salary has decreased is Honolulu which!, 2023 CNBC LLC some notable ways high-paying position, and educational attainment also. Typical home value Potomac in 2022 theyre up to $ 1,420,125, according Zillow. Western Chicago suburbs made the top 100: Burr Ridge, Oak Brook and Hinsdale the highest median home,! 72,559 a year nearly $ 15,000 above the national median household income of 72,268... And six billionaires roughly 92 men for every 100 women in the in... Census Bureau, the lowest jobless rates in the city in 2018 in USD: 87,828 median. Poverty rate teetering at 4.4 percent 180 turn, with wealth inequality in city., ( Thats not to say it shouldnt be addressed though. ) in central New,... New campus person earned $ 10 million where you find the longest-running polo Club in metro..., 24/7 Wall Street is a significant component of the total wealth Beach,,... Capital is the second wealthiest in the city in 2018 in USD 83,626!: 83,698, median salary in the world of CNBC Make it, 2023 CNBC LLC 50,000. All metro areas of Washington, D.C., New York city area or california Austin was to... With an estimated 0.7 100 richest cities in america of the poorest cities in the United States, 31.3 % of adults highly! 60.6 % of adults living in Ridgewood, 76 percent of adults residing in,...