Here are . Of all adults in the area, 38% have a bachelor's degree or higher, compared to 33.3% of adults statewide. Check out the latest list of American small towns teeming with well-to-dos. Click for the full list. Located in Washington County, Arkansas, the small town of Goshen is considered to be the wealthiest in the state. 1 city on the list is . 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. 50 Top Stock Picks That Billionaires Love. And just when Alaska could see an end to the downturn, COVID-19 hammered the energy sector. Located less than 25 miles west of St. Louis, Clarkson Valley residents have access to employment opportunities in the nearby city, many of them high paying. In winter, it's all about skiing. Unfortunately, some of the other state and local taxes aren't quite so taxpayer-friendly. Vineyard Haven is a town on Martha's Vineyard. With nearly a $12 million annual salary, Walters was one of the highest-paid news anchors . These commodity ETFs offer investors exposure to the diverse asset class, which is a helpful hedge against inflation. AI stocks have been bloodied up in recent months, but the technology's relentlessly growing importance should see the sun shine on them again. : Hertz is selling thousands of used cars in its fleet in bankruptcy at bargain prices, Save better, spend better: Money tips and advice delivered right to your inbox. In fact, every season challenges the next for which is more beautiful.". The area's population grew by 34.5% from 2013 to 2018, compared to the U.S. population growth of 3.6%. The allures of the Key West area are well known. For the fourth year in a row, the suburb of Atherton, California topped Bloomberg's annual Richest Places Index. More importantly, it makes Laconia a relatively easy drive from points farther south where millionaires maintain their primary residences. Future US, Inc. Full 7th Floor, 130 West 42nd Street, By Jeff Reeves Known as the Garden Island, Kauai is one of the state's less developed locales. Loudoun County is located in the Commonwealth Virginia, with a population of 375,000 people. While Silicon Valley and the New York metro area make up a big chunk of this list, the richest people in America also take up residences in Arizona, Florida, Colorado and Virginia. Every one of the top 20 towns have households that bring in at least $300,000 a year. Whitefish Bay is a small village of 14,000 residents located less than 10 miles north of downtown Milwaukee. Honolulu in Hawaii is one of the 100 Richest Cities in America #8. Published 17 January 23. places to live For the second year since Bloomberg started to compile the Richest 100, the nation's top spot is Atherton, California. Built with one-acre plot minimums for most of its history, the Inverness housing stock is among the most expensive in the country. Atherton is a small neighborhood of about 7,000 people and it is located in the heart of Silicon Valley. What had fueled this remarkable growth was oil, specifically the discovery of the Glenn Pool oil field in 1905. Los Alamos sounds like an unlikely place to find a lot of millionaires, but we're talking about the concentration of millionaire households, not the total number of millionaires. Atherton, California tops the list for the fourth . The median household income in Edgeworth is $161,641, making it the wealthiest municipality in Pennsylvania. 10. Millionaire households: 1,840; The Federal Reserve has been aggressive in its rate hiking, and it's likely not done yet. Initially a mining camp in the 19th century, Montana City has since developed into a wealthy suburb of approximately 2,800 residents. The mansions of America's wealthiest could just be a short trip from where you live although you might need a boat to get there. (See below for yet even more examples.) We only considered areas with populations between 1,000 and 25,000. 11 March 2007: The tables provide GDP figures for cities and their surrounding urban areas in 2020. Weddington is a small town of approximately 11,000 residents located 16 miles south of downtown Charlotte. 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). But it's Colorado's status as a tax-friendly state for both retirees and working residents that helps make Edwards a great deal for year-round living. 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. Ocean Pointe is a Census-designated place on the island of Oahu within commuting distance of Honolulu. Los Angeles, Chicago and Houston round out the top five . The Summit Park micro area, which also includes Park City, is a short drive from Salt Lake City and has the second highest concentration of millionaire households of any small town in the U.S. Nevin Rudloff October 8, 2020 . August 25, 2020. Median household income: $133,768 (state: $68,374), Poverty rate: 2.6% (state: 10.3%), Median home value: $536,100 (state: $256,700). You can sum up the appeal of Edwards in one word: skiing. With pristine beaches, lush forests, soaring mountains and relatively few people, Kapaa (and the surrounding area) is an ideal place for a millionaire's tropical island nest. Examples of investable assets include cash, stocks, bonds and funds, among a bunch of other types of investments and financial products. 65 Best Dividend Stocks You Can Count On in 2020. 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. Median household income: $74,172 (state: $43,567), Poverty rate: 3.8% (state: 20.8%), Median home value: $177,900 (state: $114,500). Sign up here, Your California Privacy Rights/Privacy Policy. Many residents likely commute to high-paying jobs in nearby Birmingham. In most states, the wealthiest town has a median household income that is two or three times higher than the median across the state as a whole. Even in Brandon, the wealthiest place in the state, the typical household earns $74,172 annually -- which, while high in the context of Mississippi, is less than the median income in half a dozen states, including Alaska, Connecticut, and New Jersey. The poverty rate in Dalton Gardens is 3.6%, a fraction of Idaho's 13.8% poverty rate. Atherton is joined by Scarsdale, New York (No. Median household income: $92,052 (state: $47,942), Poverty rate: 3.6% (state: 19.4%), Median home value: $234,500 (state: $157,800). A far higher than average share of workers in Buckner work as health diagnosing and treating practitioners, which are generally high paying jobs. [2] Sree Venkateswara Swamy Temple. 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. The Hudson Historic District is listed with the National Register of Historic Places. 10. (It's an in-state draw for all the millionaires from the Stamford area, too. Major employers in the area include Amazon, Boeing, and Microsoft. Median household income: $223,182 (state: $71,228), Poverty rate: 2.3% (state: 14.3%), Median home value: $2,000,000+ (state: $475,900). You'll find the Truckee-Grass Valley area on the California side of Lake Tahoe, with Truckee proper situated near the shore of the famed lake itself and Grass Valley sitting farther to the west. Median household income: $75,441 (state: $62,268), Poverty rate: 11% (state: 11.1%), Median home value: $217,400 (state: $213,300). The typical home is worth $625,100, more than three times both the state median home value of $187,200 and the national value of $204,900. The rugged mountain terrain is ideal for hiking, mountain biking, camping, you name it. Median household income: $84,075 (state: $56,499), Poverty rate: 2.5% (state: 13.6%), Median home value: $206,600 (state: $159,100). The greater area we're talking about here spills over into Idaho, too, and includes Grand Teton National Park, as well as parts of Yellowstone National Park and The Teton Wilderness Area. Like many prosperous communities, New Albany is growing rapidly. Individuals with greater educational attainment are more likely to have high-paying jobs. Rents jumped nationwide over the past year, but these big U.S. cities remain comparatively affordable for apartment dwellers. The states with the highest number of the richest cities are California with 23, New Jersey with 18, and New York with 13. America's 50 richest towns: Silicon Valley community leads the list for the fourth year in a row with average household income of $525,000. 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. The facility has a nearly $3billion annual budget and employs some 13,000 people -- about two-thirds of whom have a college degree. Here is the list of top 14 wealthiest towns in America as of March 2023 1. Building on this momentum, Duke Energy Corporation and the state's rural electric . Destrehan is a Census-designated place with 11,000 residents, located about 20 miles west of downtown New Orleans. It is a short drive from Charlotte. Hefty income taxes and high property taxes make the Empire State one of Kiplinger's 10 least tax-friendly states. 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. Hudson has become popular with millionaires and non-millionaires alike thanks to its myriad restaurants, art galleries and nightlife. Horace is a small bedroom community located roughly 10 miles southwest of downtown Fargo. After the analysis was over, we crowned Cary as the richest city in America for 2022. Gardnerville Ranchos is a favorite hiding place for millionaires because of its proximity to Lake Tahoe, which has long been a getaway for the rich and famous. A Division of NBC Universal, A home stands in Atherton, California, U.S., on Tuesday, Feb. 18, 2020. 12. Sure, Utah ranks as the second richest state in the country. That makes for easy access to the White Mountain National Forest about 30 miles to the north. The typical area home is worth about $1.5 million. . As we shall see, another area near Laconia makes this list of small towns with a high percentage of millionaires. It's easy to see why Glenwood Springs is popular with millionaires. When you purchase through links on our site, we may earn an affiliate commission. Incomes tend to rise with educational attainment, and as is often the case in other states, Missouri's wealthiest town is also its best educated. On the plus side, Alaska is one of the most tax-friendly states in the union (opens in new tab). Posted Mon, Feb 24, 2020 at 12:35 pm ET. 30.0. "The homes in Atherton are spectacular," Swann told CNBC Make It. With an average household income of more than $525,000, it became the first and so far only community to . Raleigh-Durham International Airport. 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). The median annual household income in America is just over $60,000. . The typical Topsham household earns $72,537 a year, the most of any small city or town in the state and more than the statewide median household income of $55,425. Most such agglomerations are economically, socially and culturally dominated by one city at their centre. Atherton, CA- Average household income - $450,696. The following list of cities is limited to "micropolitan" areas, which the Census Bureau defines as urban clusters with populations between 10,000 and 50,000, "plus adjacent territory that has a high degree of social and economic integration with the core as measured by commuting ties.". The typical home in Weddington is worth $443,600, the highest median home value of any small city or town in North Carolina and more than twice the $165,900 state median. Here are the 10 leading cities for the wealthy for 2019. He has written for The Wall Street Journal, Bloomberg, Consumer Reports, Senior Executive and Boston magazine, and his stories have appeared in the New York Daily News, the San Jose Mercury News and Investor's Business Daily, among other publications. Incomes in the town are so high likely partly because of the residents' high level of education -- more than two-thirds of Highland Lakes residents 25 and over hold at least a bachelor's degree, one of the larger shares of any small city or town in Alabama. All. Relative to much of the country, median incomes do not vary much from place to place in Vermont. The Highest-Paid News Anchors in 2019 1. The Faribault-Northfield area is so desirable that Kiplinger has named it a great place to retire. Analysts say a tough 2022 has left these small-cap stocks priced for outperformance in the new year and beyond. The boom times looked to be rolling again in North Dakota until COVID-19 gutted oil demand. Hidden Valley is a private residential community on the eastern edge of Indiana, just across the Ohio border from Cincinnati. Real estate values in Winchester reflect the area's high incomes. Like all Floridians, Key West's millionaires save a bundle on taxes. A wealthy suburb of the Omaha metro area, Papillion has grown from approximately 1,000 residents in 1950 to more than 20,000 today. Median household income: $214,477 (state: $59,570), Poverty rate: 4.3% (state: 15.5%), Median home value: $1,230,200 (state: $161,700). The typical Weddington household earns $132,587 a year, more than twice the median household income of $60,886 in Charlotte and the state median of $52,413. Atherton is the richest town in America. 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. The largest companies in the area include government tech contractor Booz Allen Hamilton, Inova Health System, and government-sponsored finance giant Freddie Mac. Not all parts of the state are low income, however. 27 / 52. Median household income: $93,364 (state: $51,424), Median home value: $205,100 (state: $130,900). Here are nine of the best stocks for rising interest rates. All Rights Reserved. Let's break out of Northern California and talk about an expensive Florida neighborhood - Port Royal, located in Naples. Chevy Chase Village, MD (pop. 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. Oak Harbor itself plays host to nearby Naval Air Station Whidbey Island. The Cannon River runs through town, and several parks and walking paths provide access to fishing, canoeing and kayaking. Fly fishing, hiking and whitewater rafting draw folks to town in the summer months. Connecticut's median annual household of $76,106 is about $26,000 more than the median nationwide. stocks The nearby world-class resorts of Vail and Beaver Creek draw big-spending skiers hoping to see and be seen all winter long. The town is centered by Hidden Valley Lake. Naturally, skiing is what first comes to mind when it comes to Breckenridge, but the area supports a wide range of sports and cultural activities through all four seasons. Top 100 cities with highest median household income Previous toplist Next toplist . Based on median household income, Mississippi is the poorest state in the country. The typical household in Oak Hill earns $159,167 a year, more than triple the median household income of $50,927 across Tennessee as a whole and the most of any small city or town in the state. By: News 12 Staff. The Kapaa micropolitan area includes the entirety of Kauai, Hawaii's fourth-largest island. For the fourth straight year, Atherton topped Bloomberg's Richest Places annual index. The self-made hyper-rich say these things are the key to getting there. For year-round activities, the Heber Valley features five 18-hole championship golf courses, three state parks and a historic tourism railroad. Millionaires in America 2020: All 50 States Ranked. While many of the small cities and towns on this list have median home values of well over half a million dollars, in Brandon, most homes are worth less than $178,000. 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. Dan holds a bachelor's degree from Oberlin College and a master's degree from Columbia University. Destrehan is a Census-designated place with 11,000 residents, located about 20 miles west of downtown New Orleans. Ireland, on the rise thanks to favorable corporate tax policies, is projected to hit #1 by 2027.; The resource-rich land with the world's biggest economy, the United States, ranks 9th on the list. And thanks to abundant revenue that the state collects from oil and mineral rights, Wyoming millionaires shoulder one of the lowest tax burdens in the U.S. For those living in Idaho, the tax situation is a bit more mixed (opens in new tab). The net impact of accounting for differences in the purchasing power of a dollar in . Published 21 December 22. small cap stocks Most households in the area earn over $170,000 a year -- more than triple the median annual household income statewide of $55,000. The typical home in New Albany is worth $494,600, more than three times the state median home value of $140,000. Idaho's median annual household income is just over $53,000, which is lower than the majority of states. While this is the record at the beginning of 2020, his salary will surely increase by the end of this year. Glencoe - $308,625. We've rounded up the wealthiest citizens from 31 rich countries, including America, the UK, Canada, and Australia. The typical household in Rock Springs earns $75,441 a year, more than the $62,268 state median household income but less than the vast majority of places on this list. 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. Accessibility to a city center is typically a key characteristic of the cities on the list. Rank Metropolitan statistical area Population Per capita income 1 Washington-Arlington-Alexandria, D.C-Virginia-Maryland MSA 5,949,178 $47,411 Pound Ridge, NY (pop. There's been a lot of panic surrounding the mass exodus of wealthy residents from New . Below are the 11 Chicago area towns that made the list with their rankings. Indeed, former presidents Bill Clinton and Barack Obama have summered there, and Jacqueline Kennedy Onassis long maintained a home on the island. He remains on the Walmart board of directors, and is also the CEO of his own company, Arvest Bank. North Star, Delaware, located about 10 miles west of Wilmington and 35 miles southwest of Philadelphia, has a median household income of $141,533, more than double the statewide median of $65,627. Small cities and towns are listed by percentage of millionaire households, from lowest to highest. One characteristic these towns have in common is a high level of education. While incomes and home values often correlate, housing in Spring Creek is more affordable than in much of Nevada.