100 richest towns in america 2020

By Jeff Reeves The 2014 slump in energy prices touched off the state's worst recession in three decades. 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. But this comes at a cost. Occasionally however, several cities of similar status and their suburbs make up an . 13 Best Vanguard Funds for the Next Bull Market. In Los Alamos, most households earn over $100,000 a year. 24/7 Wall Street is a USA TODAY content partner offering financial news and commentary. In Gateway, Alaska, most households earn more than $100,000 per year, compared to the statewide median income of $76,715. The corporate leadership positions available to Centerton residents have likely helped raise the town's median household income to over $73,000 -- well above the statewide median of $45,726. Of all small cities and towns in Kansas, Fairway is the only one where most homes are worth more than $300,000. 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). Millionaires building second homes in the Steamboat Springs area have done more to push up house prices than wages. "Coupeville and Langley have higher incomes, swankier homes and older residents." 8. Edgeworth was originally developed in the late 19th century as a haven for managers and professionals wanting to escape the pollution of industrialized Pittsburgh, and today it has some of the most expensive homes in the state. Five-star skiing at the Deer Valley and Sundance ski resorts is roughly a half-hour away. Since then, the 2020 median household income has been reported as $67,521, a 2.9 percent decrease since 2019, . 1 Boca Grande. Over the last five years, the number of people living Ocean Pointe jumped by 44%. Youll need that substantial a salary to afford to buy your way into Atherton, the cheapest current listing is a 2,270-square-foot home for $1.7 million. The Mount Washington weather station, The typical Mississippi household earns just $43,567 a year, about $17,000 less than the typical American household. America is often known in the world as the . Median household income: $84,075 (state: $56,499), Poverty rate: 2.5% (state: 13.6%), Median home value: $206,600 (state: $159,100). The typical home in Hampton is worth $358,300, far more than both the state median home value of $252,800 and the $204,900 national figure. Median household income: $159,167 (state: $50,972), Poverty rate: 0.8% (state: 16.1%), Median home value: $649,000 (state: $158,600). Advertisement - Continue Reading Below. Like all Floridians, Key West's millionaires save a bundle on taxes. The median annual household income in Ocean Pointe is $114,801, more than in any other small city or town in Hawaii. This is followed by Los Angeles with 52 billionaires, and San Francisco and Chicago, who each have 44 billionaires. The Oak Harbor, Washington, micro area actually encompasses all of Whidbey Island. The median household income in Edgeworth is $161,641, making it the wealthiest municipality in Pennsylvania. Easton's proximity to the beach, abundance of parks and good schools make for an idyllic small-town experience for residents. Speaking of wealth, Atherton's average household income is a mind-boggling $525,324, up $74,638 since 2017, when it was last recorded by Bloomberg. Median household income: $117,300 (state: $59,209), Poverty rate: 3.5% (state: 11.9%), Median home value: $373,200 (state: $173,600). Duvall is a small city of about 8,000 people located 25 miles northeast of Seattle. 3); and Cherry Hills Village, Colorado (No. New York, But for more modest incomes, the impact is far milder, and property taxes are low (opens in new tab). Destrehan is a Census-designated place with 11,000 residents, located about 20 miles west of downtown New Orleans. Published 17 January 23. places to live The downside? Cost of living: 21.1% above U.S. average. 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). With a median household income of $156,205, Duvall is the wealthiest small city or town in the state. In the last five years, the number of people living there jumped by 33.9%. Its content is produced independently of USA TODAY. Walmart is the largest employer in Benton County, where Centerton is located. Atherton, the upscale community south of San Francisco, has been home to the former chairman of Google Eric Schmidt and brokerage boss Charles Schwab. The median . Situated on the northeast shore of White Bear Lake some 20 miles from downtown Minneapolis, Dellwood is one of the wealthiest suburbs in the Midwest. For context, the typical American home is worth about $205,000. 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. 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. The area's population grew by 34.5% from 2013 to 2018, compared to the U.S. population growth of 3.6%. Indeed, it has been cutting income taxes for several years in a row to the point that they barely exist. Built with one-acre plot minimums for most of its history, the Inverness housing stock is among the most expensive in the country. 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. 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. The area sits between Lake Winnisquam and Lake Winnipesaukee in the middle of New Hampshire's famed Lakes Region. The self-made hyper-rich say these things are the key to getting there. Most households in the area earn over $170,000 a year -- more than triple the median annual household income statewide of $55,000. Here is the list of top 14 wealthiest towns in America as of March 2023 1. Rents jumped nationwide over the past year, but these big U.S. cities remain comparatively affordable for apartment dwellers. 20. New Albany boasts 53 miles of walking trails, more than 2,000 acres of parkland, and a 5,000 acre business park. The No. 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.". Settled by a diverse community of immigrant coal miners in the late 19th century, the population of Rock Springs has grown from 3,406 in 1890 to 23,633 today. Median household income: $80,853 (state: $59,116), Poverty rate: 4.1% (state: 11.6%), Median home value: $180,700 (state: $147,800). 27 / 52. With a population of around 9000, Glencoe is one of the most popular (and exclusive) suburbs of Chicago. 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. A home stands in Atherton, California, U.S., on Tuesday, Feb. 18, 2020. Pinecrest, Florida, is located a few miles south of Miami, just inland from Biscayne Bay. Revealed: Countries With The Fastest Internet Speeds, 2020, Why Acting Like An Entrepreneur May Be Killing Your Business, Best Universities For Doctor of Business Administration (DBA), 2022, Worlds Best Hospitality & Hotel Management Schools, 2022, 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, These are the worlds trendiest countries, 2023, Living in the Countryside? The Cannon River runs through town, and several parks and walking paths provide access to fishing, canoeing and kayaking. Who said big money is smart? With a median income of $123,220, Buckner is the wealthiest place in Kentucky. The wealthiest 1% of Americans hold an amazing 40% of all wealth. Published 23 January 23. In some cases, these locations benefit from being popular recreational areas or havens for wealthy retirees. 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. Billionaires say to be successful, do these simple things every day. More than half of all adults in the area have a bachelor's degree or higher, compared to 35.3% of adults living in Washington state. South Carolina has one of the higher poverty rates among states, at 16%. You can sum up the appeal of Edwards in one word: skiing. Visit our corporate site. A Bloomberg report is out on the 100 richest towns in America, and four towns in Connecticut made the list. SECURE 2.0 Act Lets Retirees Defer Some Taxes Longer, Best AI Stocks to Buy: Smart Artificial Intelligence Investments, The 6 Safest Vanguard Funds to Own in a Bear Market, 10 Big U.S. Cities With the Cheapest Apartment Rents, 7 Best Small-Cap Stocks to Buy for 2023 and Beyond, New Hampshire is a relatively tax-friendly state, North Dakota is one of the nation's more tax-friendly states, But for more modest incomes, the impact is far milder, and property taxes are low, reputation as a high-tax state is overblown. 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. More importantly, it makes Laconia a relatively easy drive from points farther south where millionaires maintain their primary residences. Hampton is a small seaside Census-designated place of approximately 9,000 residents in Rockingham County. . Darien is the wealthiest small municipality in one of the wealthiest states. In Tega Cay, less than 1% of residents live below the poverty line. For the fourth year in a row, the suburb of Atherton, California topped Bloomberg's annual Richest Places Index. Winnetka - $311,902. 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. The city continues to attract some very educated people; about 44% of adults in the area have at least Bachelor's Degrees. 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. 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. . One whistleblower estimated it at $200 billion. The typical household in Spring Creek earns $97,143 a year, far more than both the state median household income of $57,598 and the national median of $60,293. Then oil prices collapsed in 2014 and some folks even started pulling up stakes. Click to skip ahead and jump to the 10 richest cities in the United States. By the end of the last decade, fortunes were once again looking up, but that came to a halt with the coronavirus. Mississippi: Sherwood-Audubon Area, Jackson. Bloomfield Hills is the wealthiest place in Michigan. The U.S. poverty rate is 14.1%. Indeed, if Nevada were a country, it would be the world's fourth-largest producer of gold behind China, Australia and Russia, according to the U.S. Geological Survey. The appeal of Key West to millionaires and heck, everyone is pretty self-evident. Hudson has become popular with millionaires and non-millionaires alike thanks to its myriad restaurants, art galleries and nightlife. Rock Springs is a city located at the intersection of Interstate 80 and US 191 in Sweetwater County in southwest Wyoming. . Median household income: $88,199 (state: $63,296), Poverty rate: 5.3% (state: 13.1%), Median home value: $251,300 (state: $249,800). Median household income: $123,220 (state: $48,392), Poverty rate: 11.5% (state: 17.9%), Median home value: $328,000 (state: $135,300). However, when it comes to the highest concentration of . One characteristic these towns have in common is a high level of education. Unfortunately, some of the other state and local taxes aren't quite so taxpayer-friendly. The wealthiest town in the state, Destrehan's median household income of $92,052 . An 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. 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. The typical Spring Creek home is worth $225,400, less than the $242,400 state median home value. Many residents likely commute to high-paying jobs in nearby Birmingham. It's easy to see why Glenwood Springs is popular with millionaires. The typical home in Montana City is worth $331,900, the most of any city with a population between 1,000 and 25,000 in Montana and far more than the $219,600 state median. His wealth has rocketed to $10.9 billion from $4.6 billion in 2020. Median household income: $73,015 (state: $45,726), Poverty rate: 8.8% (state: 17.6%), Median home value: $170,700 (state: $123,300). Sean Hannity is the wealthiest anchor on television. 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. 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. Subscribe and turn on notifications (?) Based on median household income, Mississippi is the poorest state in the country. Naturally, this tony locale is not easy on the wallet, as evidenced by the exorbitant real estate prices. Launching and succeeding with an innovative, one-of-a-kind business is an exhilarating yet daunting journey. The town's widespread prosperity suggests that Ocean Pointe is a desirable place to live. 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. A 35-minute train ride from New York City, the town sports quaint shops and top-rated schools . 20 Dividend Stocks to Fund 20 Years of Retirement, Torrington is the largest town in Litchfield County, which has long been a popular retreat for Manhattan's wealthy and chic looking for a remote, mountainous retreat. Tiny Elko, Nevada, owes its high concentration of millionaires to its status as the capital of Nevada's gold mining industry. Batten the hatches for continued market tumult without eating high fees with these six Vanguard ETFs and mutual funds. Median household income: $132,587 (state: $52,413), Poverty rate: 1.7% (state: 15.4%), Median home value: $443,600 (state: $165,900). 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%. 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. A far higher than average share of workers in Buckner work as health diagnosing and treating practitioners, which are generally high paying jobs. The aforementioned Park City, which hosts Robert Redford's Sundance Film Festival, also boasts several world-class ski resorts. Dickinson's number and percentage of millionaire households declined year-over-year. Greenville's median home value is more than triple that of New York state, at over $950,000. 50 Top Stock Picks That Billionaires Love. Much of Alaska's wealth is tied to the energy business. Median household income: $161,641 (state: $59,445), Poverty rate: 5.8% (state: 12.8%), Median home value: $602,000 (state: $174,100). Spring Creek is a small suburb of approximately 14,000 residents in Elko County in northeast Nevada. Hidden Valley is a private residential community on the eastern edge of Indiana, just across the Ohio border from Cincinnati. Glencoe, IL. On the downside, Minnesota is not a friendly state (opens in new tab) when it comes to taxes. As residents like to point out, few towns have a groomed ski area right in their downtown that is accessible to all. Major employers in the area include Amazon, Boeing, and Microsoft. 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. 6. The typical home in Fairway is worth $352,000. In many cases, the chef is why someone visits a restaurant. Here are the top 10 richest places in the U.S., according to Bloomberg: For the full list of 200, take a look at Bloomberg's ranking. Median homes prices top the U.S. median by more than $159,000. On the plus side, Alaska is one of the most tax-friendly states in the union (opens in new tab). 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. Although gold mining is no longer much of a growth area, pulling the yellow metal from the ground does remain a productive endeavor. . Within five years, Tulsa had grown from a rural crossroads town in the former Indian Territory into a boomtown with more than 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. 11 March 2007: The tables provide GDP figures for cities and their surrounding urban areas in 2020. Median household income: $153,417 (state: $53,267), Poverty rate: 5.5% (state: 14.8%), Median home value: $919,800 (state: $196,800). Some 39% of adults have a bachelor's degree or higher, well above the comparable 23.7% share of adults across the state as a whole. 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. 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 The 150 richest cities in the world by GDP in 2020. Of all adults in the area, 38% have a bachelor's degree or higher, compared to 33.3% of adults statewide. Genesee is a small Census designated place located less than 20 miles west of Denver. Median household income: $93,194 (state: $52,559), Poverty rate: 2.4% (state: 13.7%), Median home value: $331,900 (state: $219,600). Relative to much of the country, median incomes do not vary much from place to place in Vermont. Complete list click for interactive table. West Palm Beach, Florida. As a bonus, gun buyers aren't reliant on hit-and-miss sales or once-a-year clearance events, to save money. (adsbygoogle = window.adsbygoogle || []).push({}); With an average household income of more than $525,000, Atherton, California is the richest town in the United States, thats according to a Bloomberg report. The median in Jenks is tens of thousands of dollars higher, at over $93,000. The campus covers over 8,693 acres of land of three adjoining campuses in Durham and in Beaufort, there is a marine lab for students to explore. The New Hampshire state capital is home to a horde of state, county, local and federal agencies and the law firms and professional agencies that support them. 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. Estimates of millionaire households provided by Phoenix Marketing International. 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. DEA / M. BORCHI // Getty Images. Montana City is also home to some of the most expensive homes in the state. Oak Hill is a small city of approximately 4,600 residents located about 7 miles south of downtown Nashville. Published 24 January 23. recession #2. 100. worldwide. 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. As for taxes, millionaires could do worse. Median household income: $133,768 (state: $68,374), Poverty rate: 2.6% (state: 10.3%), Median home value: $536,100 (state: $256,700). NY 10036. Loudoun County is the richest county in the USA, with an estimated average household income of $ 117,876. If your ideal summer retreat is a lakeside getaway, you could hardly do better than Laconia. ), "There's something for everyone: art galleries, outdoor activities, shopping, great food. Heres how retirees can benefit from changes in required minimum distributions (RMDs), qualified longevity annuities and IRA catch-up contributions. Median household income: $100,641 (state: $76,715), Median home value: $296,500 (state: $265,200). The Evergreen State makes the cut because it doesn't have an income tax. 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. Published 11 January 23. stocks Median household income: $92,688 (state: $74,057), Poverty rate: 4.3% (state: 7.9%), Median home value: $358,300 (state: $252,800). 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. 9. By Dan Burrows Feb 25, 2020, 3:05pm Updated on Feb 25, 2020. 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. Median household income: $156,205 (state: $70,116), Poverty rate: 2.1% (state: 11.5%), Median home value: $452,200 (state: $311,700). The nearby world-class resorts of Vail and Beaver Creek draw big-spending skiers hoping to see and be seen all winter long. Kiplinger is part of Future plc, an international media group and leading digital publisher. The town of six square miles is near Palo Alto, Stanford University and . Loudoun County is located in the Commonwealth Virginia, with a population of 375,000 people. More than 8,000 people call Upper Saddle River in Bergen County home. Atherton is the richest town in America. On the plus side, Massachusetts' reputation as a high-tax state is overblown (opens in new tab). 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. By Dan Burrows revealing the wealthiest towns in the US. 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. "Oak Harbor is usually regarded as the poorer but more developed stepsister when compared to other Whidbey municipalities," notes the Whidbey News-Times. If you need access to specialists not available at Northfield Hospital & Clinics, the Mayo Clinic is about 60 miles away, in Rochester. Happily for residents, Washington is among the most friendly states for taxes (opens in new tab). Median household income: $213,801 (state: $79,363), Poverty rate: 3.9% (state: 10.4%), Median home value: $644,900 (state: $327,900). According to Niche, the national percentage is 20%. Ocean Pointe is a Census-designated place on the island of Oahu within commuting distance of Honolulu. The states with the highest number of the richest cities are California with 23, New Jersey with 18, and New York with 13. Property taxes are modest, but sales taxes lean high (opens in new tab). 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. 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. New Albany is a suburb of the Columbus metro area, located less than 15 miles northeast of the Ohio state capital. Median household income: $74,172 (state: $43,567), Poverty rate: 3.8% (state: 20.8%), Median home value: $177,900 (state: $114,500). 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. 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. As is typical among the cities and towns on this list, Essex Junction is within commuting distance of a larger urban area. Atherton is a small neighborhood of about 7,000 people and it is located in the heart of Silicon Valley. It has ranked in the top five of Outside magazine's best places to live in America, and Southern Methodist University once named it the "Most Vibrant Small Town Arts Environment in the United States. The report based its . The typical home in University Park is worth $1.2 million, compared to the median home value of $161,700 statewide. Warren Buffett Stocks Ranked: The Berkshire Hathaway Portfolio. Greenville is a relatively short commute to New York City, providing its residents access to the many high-paying jobs. Median household income: $75,441 (state: $62,268), Poverty rate: 11% (state: 11.1%), Median home value: $217,400 (state: $213,300). Now in its 17th edition, this year's Report provides a detailed analysis on economic performance, wealth creation and asset classes around the globe, as well as our forecast for commercial and . We have yet one of the Richest Cities in California on our list at the eight spot and that is Oxnard-Thousand Oaks-Ventura. High paying jobs typically require a college degree, and Destrehan residents are far more likely than the typical Louisiana resident to have a college education. Atherton, CA- Average household income - $450,696. 18 Stocks Warren Buffett Is Selling (And 6 He's Buying). In this article we take a look at the 30 richest cities in the United States. And, unlike more rural parts of the vacation wonderland, Laconia is just a few miles off Interstate 93.

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