100 richest towns in america 2020

By raw numbers, most millionaires in America can be found in and around big cities such as New York, Los Angeles and Chicago just as you would expect. The bottom 90% hold less than 25% of the total wealth. . The Mount Washington weather station, Photographer: David Paul Morris/Bloomberg via Getty Images, A mansion-style home in Atherton, California, the most expensive ZIP code in the state, Why Finland and Denmark are the happiest countries in the world, How this 39-year-old earns $26,000 a year in California. Built with one-acre plot minimums for most of its history, the Inverness housing stock is among the most expensive in the country. 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. 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That makes for easy access to the White Mountain National Forest about 30 miles to the north. Over the last five years, the number of people living Ocean Pointe jumped by 44%. With a median income of $123,220, Buckner is the wealthiest place in Kentucky. Here in Utah, things couldn't be more odd. This unincorporated town in Essex County was founded by the inventor of the modern roller shade in the 1870s. Wanna be a billionaire? Median household income: $204,145 (state: $56,213), Median home value: $1,505,300 (state: $209,600). It also can get a bit crowded. 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. If your ideal summer retreat is a lakeside getaway, you could hardly do better than Laconia. Most such agglomerations are economically, socially and culturally dominated by one city at their centre. The typical Whitefish Bay household earns $117,300 a year, nearly twice the $59,209 state median household income and the $60,293 national figure. Each has an average household income of over $400,000. Rather, he dollar-cost averages into cheap funds and index funds and holds them forever in tax-advantaged accounts. Hard work is embedded in American culture. For the second year since Bloomberg started to compile the Richest 100, the nation's top spot is Atherton, California. It is one of the most educated towns in the state, with 48% of the population holding a bachelor's degree. 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. 5). With nearly a $12 million annual salary, Walters was one of the highest-paid news anchors . Originally developed as housing for the teachers and staff of Southern Methodist University in the early 1920s, University Park has since developed into one of the wealthiest communities in the country. 24/7 Wall Street is a USA TODAY content partner offering financial news and commentary. Dan Burrows is Kiplinger's senior investing writer, having joined the august publication full time in 2016. Phoenix Marketing International (opens in new tab), a firm that tracks the affluent market, annually ranks 933 urban areas, large and small, based on the percentage of millionaire households in each location. This idyllic town has all the charms of Old Florida--a thriving fishing industry, mom-and-pop eateries, and, of course, beaches built for casual strolling. Rock Springs is a city located at the intersection of Interstate 80 and US 191 in Sweetwater County in southwest Wyoming. (See below for yet even more examples.) Back out things such as the value of real estate (the bulk of most folks' wealth is tied up in their homes), employer-sponsored retirement plans and business partnerships, and only 6.7% of American households qualify as millionaires. In fact, according to the Organization for Economic Co-operation and Development, the U.S. ranks 10th in the number of hours worked per country (Mexico, C France has been crowned the trendiest country in the world for 2023, according to the CEOWORLD magazines annual ranking of Life away from the big cities can be magical. 5,104) over $200,000: 2. Indeed, former presidents Bill Clinton and Barack Obama have summered there, and Jacqueline Kennedy Onassis long maintained a home on the island. The small city has grown in tandem with SMU and the larger Dallas metro area, increasing from a population of 4,200 in 1930 to 24,954 today. Building on this momentum, Duke Energy Corporation and the state's rural electric . And don't forget the incomparable sunsets. The small resort city about 160 miles west of Denver is loaded with fun stuff to do and not just in winter, when skiing is the main attraction in the Colorado Rockies. The Sunshine State is well known for its absence of a state income tax, which helps make it one of Kiplinger's 10 most tax-friendly states (opens in new tab). Sign up here, Your California Privacy Rights/Privacy Policy. Indeed, it has been cutting income taxes for several years in a row to the point that they barely exist. All of the wealthiest neighborhoods in America on Bloomberg's Richest Places Index have average household incomes over $300,000. New! The typical Clarkson Valley household earns about $171,000 a year, more than three times the income the typical Missouri household earns. 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. The Oak Harbor, Washington, micro area actually encompasses all of Whidbey Island. Grant Suneson, Evan Comen and Samuel Stebbins. Income distibution for all U.S. cities. Median household income: $127,351 (state: $59,393), Poverty rate: 4.8% (state: 14.1%), Median home value: $509,900 (state: $287,300). America's 100 Richest Places. The typical home in University Park is worth $1.2 million, compared to the median home value of $161,700 statewide. Median household income: $88,199 (state: $63,296), Poverty rate: 5.3% (state: 13.1%), Median home value: $251,300 (state: $249,800). The Wealth Report is Knight Frank's flagship annual publication, offering a unique perspective on global wealth, prime property and investment. Let's break out of Northern California and talk about an expensive Florida neighborhood - Port Royal, located in Naples. Higher prices have been a major headache for investors, but these best inflation-proof stocks could help ease the impact. Median household income: $71,111 (state: $53,089), Poverty rate: 3.6% (state: 13.8%), Median home value: $364,600 (state: $192,300). People with higher educational attainment are more likely to hold higher-paying jobs. He's also written for Esquire magazine's Dubious Achievements Awards. When you purchase through links on our site, we may earn an affiliate commission. Relative to much of the country, median incomes do not vary much from place to place in Vermont. "Oak Harbor is usually regarded as the poorer but more developed stepsister when compared to other Whidbey municipalities," notes the Whidbey News-Times. Published 23 January 23. NY 10036. With everything from ski resorts to beaches, the Lake Tahoe area offers year-round activities for well-heeled tourists and full-time residents alike. The downside? Places like Dickinson, located in the oil-rich Bakken Formation, were mining millionaires. It became the first and only neighborhood in America to top the half-million-dollar mark. Although gold mining is no longer much of a growth area, pulling the yellow metal from the ground does remain a productive endeavor. Launching and succeeding with an innovative, one-of-a-kind business is an exhilarating yet daunting journey. Median household income: $153,417 (state: $53,267), Poverty rate: 5.5% (state: 14.8%), Median home value: $919,800 (state: $196,800). This is followed by Los Angeles with 52 billionaires, and San Francisco and Chicago, who each have 44 billionaires. Looking to buy a car? 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. The area's high incomes are supported by access to high-paying jobs in nearby urban centers, which in addition to New York City, include Norwalk and Stamford in Connecticut. But this comes at a cost. 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). 2,047) 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. Median household income: $176,528 (state: $68,411), Poverty rate: 0.3% (state: 10.1%), Median home value: $619,000 (state: $211,800). We only considered areas with populations between 1,000 and 25,000. Small cities and towns are listed by percentage of millionaire households, from lowest to highest. The Hudson, New York, micro area has emerged as an upstate hidey-hole for the well-heeled. Large concentrations of high-net-worth households are found in surprising locales across the U.S. The nearby world-class resorts of Vail and Beaver Creek draw big-spending skiers hoping to see and be seen all winter long. Microsoft co-founder Paul Allen's estate sold for over $35 million in 2020. All four have average incomes upwards of $400,000. West Palm Beach, Florida. The rugged mountain terrain is ideal for hiking, mountain biking, camping, you name it. The report based its . Watch on. On the plus side, Alaska is one of the most tax-friendly states in the union (opens in new tab). For the fourth straight year, Atherton topped Bloomberg's Richest Places annual index. Like all Floridians, Key West's millionaires save a bundle on taxes. Published 11 January 23. stocks Corporate giants shouldn't be applauded for helping to solve crises their own policies have helped cause, writes Linsey McGoey. Whitefish Bay is a small village of 14,000 residents located less than 10 miles north of downtown Milwaukee. 3); and Cherry Hills Village, Colorado (No. By Louis Navellier But the area offers a wealth of outdoor fun year-round. Roughly 35 miles south of the state capital of Albany, the area abuts the banks of you guessed it the Hudson River. While incomes and home values often correlate, housing in Spring Creek is more affordable than in much of Nevada. Ocean Pointe is a Census-designated place on the island of Oahu within commuting distance of Honolulu. Here are nine of the best stocks for rising interest rates. The self-made hyper-rich say these things are the key to getting there. In Darien, a small Census-designated place in southwest Connecticut within commuting distance of New York City, the typical household earns $210,511. The town also has a poverty rate of 4.1%, less than a quarter of the state poverty rate which is 17.8%. We've rounded up the wealthiest citizens from 31 rich countries, including America, the UK, Canada, and Australia. 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. Vineyard Haven is a town on Martha's Vineyard. The Claremont-Lebanon micro area abuts Laconia and has plenty of its own attractions, as well. Sure, Utah ranks as the second richest state in the country. The three largest employers in Linn County, where Robins is located, are in the aerospace, insurance, and health care fields, all of which can pay relatively high salaries. Idaho's median annual household income is just over $53,000, which is lower than the majority of states. Destrehan is a Census-designated place with 11,000 residents, located about 20 miles west of downtown New Orleans. In the last five years, the number of people living there jumped by 33.9%. Pinecrest, Florida, is located a few miles south of Miami, just inland from Biscayne Bay. 24/7 Wall St. reviewed the median annual household income in over 2,600 cities, towns, villages, and census designated places to identify the richest town in every state. Great Falls is the richest town in Virginia and one of the richest in the entire country. 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%. View Slideshow. Here are the 20 richest counties in the U.S. and the average household incomes of each, according to DailyMail.com's report. No need to worry about health care, either. Maryland has the second most millionaires per capita of any state in the U.S., according to Phoenix Marketing International, but it's unfriendly when it comes to taxes (opens in new tab). Cumberland Hill is a small Census-designated place of about 8,000 residents located in northern Rhode Island. Top 5 fastest-growing U.S. cities for millionaires. Kiplinger is part of Future plc, an international media group and leading digital publisher. Billionaires say to be successful, do these simple things every day. Chevy Chase Village, MD (pop. Overall, Tulsa in 1921 was considered a modern, vibrant city. Everything costs more in Juneau. The wealthiest place in the state, New Albany has a median household income of $203,194, nearly four times the income the typical Ohio household earns annually. All 30 Dow Stocks Ranked: The Pros Weigh In. . . 10. Median Home Value: $288,200. In Glen Ridge, New Jersey, about 15 miles west of Manhattan, the typical household earns $213,801 a year, more than in any other small city or town in the state, and among the most anywhere nationwide. Glencoe, IL. However, when it comes to the highest concentration of . For year-round activities, the Heber Valley features five 18-hole championship golf courses, three state parks and a historic tourism railroad. stocks With a population of around 9000, Glencoe is one of the most popular (and exclusive) suburbs of Chicago. Scottsdale, Arizona. Hidden Valley is a private residential community on the eastern edge of Indiana, just across the Ohio border from Cincinnati. In most of these cities, people have it made, financially. 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. Hot springs, rafting, kayaking, fishing, hiking, mountain biking and golf, among many other activities, make Glenwood Springs a year-round destination. Port Royal, Naples, Florida. 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. Jackson is a town in Wyoming's famed Jackson Hole valley. With three major ski resorts and an abundance of other year-round recreational activities, it's easy to see the appeal for those with means. Based on median household income, Mississippi is the poorest state in the country. Long work hours means more stress and less family time. Sign up here, Median household income: $203,194 (state: $54,533), Poverty rate: 2.5% (state: 14.5%), Median home value: $494,600 (state: $140,000). Most households in the town earn more than $150,000 annually, and more than one-third earn over $200,000. As is often the case in wealthy communities, Fairway has high real estate values. Below are the 11 Chicago area towns that made the list with their rankings. Highland, Utah, is located between Salt Lake City, the largest metro area in the state, and Provo, home to Brigham Young University, the state's largest college. The wealthiest town in the state, Destrehan's median household income of $92,052 . Located in Washington County, Arkansas, the small town of Goshen is considered to be the wealthiest in the state. Driving time: 6 hours, 14 minutes. Median household income: $106,288 (state: $48,059), Median home value: $295,600 (state: $166,800). This city is in proximity to Los Angeles. 18 Stocks Warren Buffett Is Selling (And 6 He's Buying). (STACKER) - In April 1934, the U.S. recorded its highest wind speed ever, a gust of 231 miles per hour at Mount Washington Observatory in New Hampshire. This helps qualify Highland residents for the many high paying jobs available in the area, such as those in higher education, health care, and tech. Dalton Gardens is north of Coeur d'Alene, Idaho, and across the border from Spokane, Washington, giving its residents access to two major population centers where they can find employment. The median annual household income in America is just over $60,000. There are obviously more than a few high rollers in this area as the median household income is $121,149 and housing isn't much better at a median cost of $479,700. DEA / M. BORCHI // Getty Images. The town is just outside of Anchorage, Alaska's largest city, providing residents access to many, likely higher-paying, employment opportunities. More than half of the 100 richest cities in the United States were in the New York City area or California. One of the main reasons for this is likely a high level of education. : 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 comparison with most other states, Mississippi's most expensive neighborhood isn't actually all that expensive especially when you consider that the median home value in Florida is more than $8 million. The typical household in Avondale Estates earns $108,299 a year, nearly twice the state median income of $55,679 and far more than the national figure of $60,293. Of all adults in the area, 38% have a bachelor's degree or higher, compared to 33.3% of adults statewide. Run, swim or take exercise classes at the YMCA Community Center. Of all area residents 25 and older, 70.6% have a bachelor's degree or higher compared to 28.6% of adults across the state as a whole. A Division of NBC Universal, A home stands in Atherton, California, U.S., on Tuesday, Feb. 18, 2020. The typical home in Papillion is worth $180,700, far more than the $151,100 median home value in neighboring Omaha and the $147,800 state median. Heber boasts world-class recreational activities for the wealthy and regular Joes alike. The Phoenix suburb has a median home value of just over $1.5 million -- by far the highest of any small city or town in the state. Concord also benefits from being within easy reach of Laconia and the state's famed Lakes Region, as noted earlier. Although Torrington might be hidden in the northwest corner of the state, millionaires can't escape Connecticut's onerous tax bite (opens in new tab). The median household income in Highland Lakes is more than triple the median income across Alabama as a whole. The high incomes in Glen Ridge are evident by real estate values. Less than 2% of the town's 5,500 residents live below the poverty line, a fraction of the state poverty rate. Median household income: $74,172 (state: $43,567), Poverty rate: 3.8% (state: 20.8%), Median home value: $177,900 (state: $114,500). 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. 11 March 2007: The tables provide GDP figures for cities and their surrounding urban areas in 2020. Bloomberg released its annual list of the richest town . 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. "Sprawling residences set amidst landscaped gardens and a beautiful backdrop.". Horace is a small bedroom community located roughly 10 miles southwest of downtown Fargo. It's easy to see why Glenwood Springs is popular with millionaires. The town is centered by Hidden Valley Lake. Atherton isn't the only town touting notable wealth, though. With an average household income of more than $525,000, it became the first and so far only community to . They have new homes, drive new cars, and have bright futures. Fairfax County, which includes the independent cities of Fairfax City and Falls Church, remains one of the . Many of those jobs in and around Fairway are high paying, as most households in the area earn over $100,000 a year, and more than one in five households earn $200,000 or more. Destrehan is a Census-designated place with 11,000 residents, located about 20 miles west of downtown New Orleans. An 85-year Harvard study found the No. The town of six square miles is near Palo Alto, Stanford University and . 30.0. In others, a particular industry drives local wealth. The city continues to attract some very educated people; about 44% of adults in the area have at least Bachelor's Degrees. Multiple bodies of water including Donner Lake, where the Donner Party met its gruesome demise, make the entire area a recreational haven for water sports. Median household income: $92,688 (state: $74,057), Poverty rate: 4.3% (state: 7.9%), Median home value: $358,300 (state: $252,800). Median household income: $170,952 (state: $53,560), Poverty rate: 1.3% (state: 14.2%), Median home value: $629,200 (state: $151,600). In Tega Cay, less than 1% of residents live below the poverty line. All. The net impact of accounting for differences in the purchasing power of a dollar in . And on that relative basis, Los Alamos really stands out. And, hang in there until you're 100 and your income taxes are waived altogether. 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. Loudoun County. At the same time, the town offers easy access to several major cities. Microsoft co-founder Paul Allens estate in Atherton, CA, recently sold for a hefty $35.25 million. In Essex Junction, the wealthiest small city or town in the state, the median household income is just $75,439. Batten the hatches for continued market tumult without eating high fees with these six Vanguard ETFs and mutual funds. Median household income: $159,167 (state: $50,972), Poverty rate: 0.8% (state: 16.1%), Median home value: $649,000 (state: $158,600). Thanks to its location on the Yampa river, Steamboat Springs is perfect for fishing, rafting, tubing and kayaking.

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