forbes richest towns in america

The climate of Alaska is not for everyone, with its frigid and dark winters and lukewarm summers. 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. The town moved up a position from last years 3rd place thanks to a $30000 increase in the average annual household income. Unlike other ski towns, Aspen also attracts summer visitors, too, making it a great year-round destination. 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. Most wealthy metro areas are home to a relatively large share of college educated residents, but not California-Lexington Park. There are just a handful of cities they love to call home or at least park their private jets when they're in town. The wealthiest cities in the country also tend be geographically concentrated. Alexander Spatari/Getty Images. To help you navigate moments of rejection and disappointment, here are three powerful ways to fuel your path to success. Its also saturated with celebrity homes. Of course, the citys homes arent too shabby either, with typical values around $1,800,000 in 2022, according to Zillow. Over one in four workers in the metro area are employed in either the information or the professional, scientific, and management industries. The area's high median income is partially attributable to a strong job market. Here are 30 great U.S. cities for older Americans, Want to be a high earner? Its also filled with luxury real estate on large plots of land that make it so desirable as a relaxing escape. One of the most impactful components of cost of living is housing costs. Here's where to bump into billionaires at the local coffee shop. Similar to the mad dash for the Hamptons in the wake of Covid-19, these towns are seeing an influx of people coming in and scooping up the most sought-after real estate. Access your favorite topics in a personalized feed while you're on the go. income inequality increased across the country, Your California Privacy Rights / Privacy Policy. 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. Just a short train hop from Manhattan is our 2nd place winner, Scarsdale. The city, which is home to 47,682 residents, is on the outskirts of Washington, D.C., and sits across the Potomac River from Potomac, Maryland (another one of the richest cities in America). Out-of-state urbanites arent just buying vacation homes. The cost of childcare,, At different stages of your life, you will have different needs in, If you're living on a disability income and you're struggling just to, There are many reasons why people choose to relocate, including moving closer, Philadelphia is Pennsylvania State's capital. Someone even brought me chicken broth when I got a cold! Number of high-net-worth individuals with wealth over $1 million: 41,700, Increase in millionaires and billionaires from 2012 to 2022: 50%, Electric-car billionaire Elon Musk, who is a recent transplant to the Texas capital, said on a podcast that his new hometown will be "the biggest boomtown America has seen in 50 years. The city is very family oriented, with 60.5 percent of the 6,414 households including children and 88 percent of homes inhabited by married couples. The town has no commercial buildings, apart from a few plant nurseries and a very small grocers, and very little diversity; residents are almost uniformly white, middle class, Christian and educated to post-graduate level. No East Coast metro area has a more affluent population than the greater D.C. area. People with fortunes buoyed by oil and pipeline companies, including Jeffery Hildebrand and Richard Kinder, dominate Houston's billionaire scene, according to the Houston ABC affiliate. While many of the entries on this list are major cities like New York and Chicago, there are also a number of highly affluent small cities and suburbs that are either first or second in the state. 24/7 Wall Street reviewed income levels in 382 metropolitan areas to identify the 25 richest cities in America. Several estates come with plenty of land, including Riva Ridge Retreat, which sits on 117 acres. Cost of living by metro area, or regional price parity, is for 2015 and came from the Bureau of Economic Analysis. Lower price points in the area still hover around $1 million. In San Francisco, just 2.7% of the labor force is unemployed, one of the lowest jobless rates in the country. Entrepreneur and its related marks are registered trademarks of Entrepreneur Media LLC. Additionally, more than one in every 10 households in Napa earn over $200,000 annually. The region is home to several higher education institutions including North Carolina State University. Wildfire Smoke Threatens to Wipe Out Decades of Air Pollution Progress, NYC Congestion Pricing Board Tackles Tough Job of Deciding Wholl Be Exempt, Binance.USLooks to Crypto Startup MoonPay as Alternative After US Banks Cut Ties, Citadel Securities-Backed EDX Taps Anchorage to Custody Crypto, Indian Crypto Exchange CoinDCX Cuts Staff by 12%. Tech industry jobs tend to pay relatively well, and the greater Seattle area hosts the operations of some of the largest tech companies in the world. People could work and ski from home and then go to lunch at home or just ski a couple hours then call it a day without having to come into contact with anyone.. Another interesting fact about the city? 6th spot is held by the hugely affluent Highland Park in Texas. As so much global wealth is concentrated in the United States, so too is American wealth concentrated in a handful of major cities, largely in the hubs of finance and corporate headquarters. The population age in Weston is fairly evenly dispersed, with residents under the age of 18 making up 25.9% and residents over the age of 65 making up 20.8%, per the most recent data from the U.S. Census Bureau. According to the U.S. Census Bureau, the typical American household earns $57,617 per year. Incomes have been on the rise in the United States for the last several years, but of course income levels are not uniform nationwide. Its content is produced independently of USA TODAY. The clean air and space are also a big draw.. Of adults living in Ridgewood, 76 percent hold a bachelors degree. According to Zillow, the typical home value as of 2022 is $3,742,407, making it the second highest after Los Altos. 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The share of college-educated adults exceeds the national share in all but three of the wealthiest cities. While most wealthy people tend to live in or near major economic centers in states with large economies, the extremely wealthy live where they please and can be found all across the country. Exterior space is also ample in Westonthe town's population of about 11,800 is spread out over 17.3 square miles, meaning the density breaks down to roughly one acre per personand many homes are located on multi-acre lots. In the Minneapolis metro area, 40.5% of adults have a bachelors degree or higher, well above the 31.3% of American adults and the 34.8% of adults across the state with comparable education. 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. 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. DenisTangneyJr/Getty Images. Some small towns and suburbs are home to high amounts of concentrated wealth. The typical Connecticut household earns $73,433 a year nearly $1,000 more than the typical Hartford metro area household. Massachusetts is a state of wealtha wealth of history, education, and wealth itself. Raleigh is by far the wealthiest metro area in North Carolina and the 25th wealthiest in the United States. In the Baltimore metro area, 39.5% of adults have a bachelors degree, in line with the 39.3% bachelors degree attainment rate across Maryland. "Sprawling residences set amidst landscaped gardens and a beautiful backdrop.". Nationwide, 31.3% of American adults have a bachelors degree or higher. Atherton, California, whose household income averaged $450,696 in 2017, topped the Bloomberg Richest PlacesBloomberg Terminal annual index. Cupertino is in Silicon Valley, west of San Jose, with Los Altos to the north and Saratoga to the south. Of course, such high-paying jobs often require higher education and skill levels. The metro area is one of seven in California to rank among the 25 wealthiest in the country. Many wealthy city dwellers are seeking more space in mountain towns, like at this rustic estate in [+] Jackson Hole, Wyoming. "The homes in Atherton are spectacular," Swann told CNBC Make It. In the United States, 31.3% of adults have a bachelors degree or higher. While that may seem quite high, its surprisingly ranked only 57th of the 1,775 cities evaluated. The exterior of 47 Saddle Horn in the summer. 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. Some 16.9% of metro area workers are employed in the professional, scientificand management sector, a larger share than in all but five other metro areas nationwide. It goes without saying that this ultra-private estate, ensconced by pine trees, is the perfect private escape. Until after World War II, Dix Hills was largely a farming area. 2023 USA TODAY, a division of Gannett Satellite Information Network, LLC. Jackson Hole Sotheby's International Realty reported a massive increase in sales in the upper end of the market in Teton County, which are properties listed at $5 million and above. Compare that to the national average of 21.84%, and its pretty clear why this towns residents are among the countrys richest. High-income areas often have a high cost of living, and Santa Cruz-Watsonville is one of the most expensive places to live in the United States. There are seven bedrooms, eight full baths and features three spacious living rooms, dining room, chefs kitchen, home theater, a gym and hot tub. Number of high-net-worth individuals with wealth over $1 million: 205,400, Increase in millionaires and billionaires from 2012 to 2022: 35%. Minneapolis-St. Paul-Bloomington is the only metro area in Midwest to rank among the wealthiest in the country. Many people still have high values in their portfolios and are looking to take advantage of the pricing in Park City, which is relatively low compared to their own markets in New York, San Francisco and Los Angeles, says Jake Doilney, who helps lead The Agencys Park City team. Technically based in Stateline, Nevada, the home is just seven minutes from all the activity Lake Tahoe has to offer. Getty Images. All but six states have at least one billionaire. Here Are 3 Ways to Turn It Into Power, People Underestimated Her 'Sweet' Idea, and She Took Advantage of It All the Way to $125 Million in Annual Sales and a $360 Million Exit. Its content is produced independently of USA TODAY. With the vaccine on the horizon, its unclear if people will permanently relocate out of cities to mountain towns, but right now, real estate is competitive. The March 2018 unemployment rate in the United States was 4.1%. In 12 metro areas on this list, over 40% of adults have at least a bachelors degree. University Park is best known for being home to Southern Methodist University, a nationally ranked private university in the suburbs of Dallas. Built in 1991, the home sits on 1.37 acres and has glorious mountain views. Well-maintained gardens, walking paths and patches of forest are common on estate grounds. We excluded towns for which the margin of error at 90% confidence was greater than 10% of either the median household income or the population. California is home to the most billionaires not just in the US, but in the world, according to Forbes. Private clubs in Big Sky are nearly all sold out and our companies in the region are seeing sales for land, condos and homes selling quickly in all price ranges.. And, as a fun fact, once upon a time F. Scott Fitzgerald lived in Westport, as did Martha Stewartboth of whom only add to the citys lavish appeal. We'll be in your inbox every morning Monday-Saturday with all the days top business news, inspiring stories, best advice and exclusive reporting from Entrepreneur. The reason Cupertino is so packed is the large number of tech companies with offices there, including Apple, Amazon, and Verizon, among other big businesses. Number of high-net-worth individuals with wealth over $1 million: 98,500, Increase in millionaires and billionaires from 2012 to 2022: 65%, A bicyclist rides near Lake Michigan with the Chicago skyline in the background. Those buying second homes are also planning on spending a lot more time here than their other homes and school enrollment has also increased.. Los Altos Hills, CA. 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. The typical household in the metro area earns $73,929 a year, well above the national median household income of $57,617. Number of high-net-worth individuals with wealth over $1 million: 50,500, Increase in millionaires and billionaires from 2012 to 2022: 68%. Part of greater Boston, Wellesley is home to three collegesWellesley College, Babson College, and a campus of Massachusetts Bay Community Collegewhich makes it no surprise that the city has the fifth highest percentage of adults with at least a bachelors degree. University Park, Texas. 5th position goes to Short Hills, New Jersey, which makes our list thanks to an average household income of $367,491. Oxnard-Thousand Oaks-Ventura is one of only eight U.S. metro areas where the majority of households earn over $80,000 per year. For Silicon Valley executives, and even those in Los Angeles, its a short private flight and easy to commute to on the weekends for skiing, hiking or other outdoor activities. 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). There's still a strong sense of community.". FlatRate Moving company in New York City told The New York Times that the number of moves of people moving out of the city between March and August was up 50 percent year over year. Many of the most affluent of Massachusetts' residents live outside the city in smaller towns like [+] Dover, Sherborn and Carlisle. Number of high-net-worth individuals with wealth over $1 million: 98,500, Increase in millionaires and billionaires from 2012 to 2022: 65%. Wealthiest person in Phoenix: Arturo Moreno ($3.4 billion), Total Phoenix billionaire net worth: ($15.6 billion), Runner-up city: Tempe (1 billionaire, net worth: $6.2 billion), Wealthiest person in Bentonville: Jim Walton ($51.9 billion), Total Bentonville billionaire net worth: ($103.5 billion), Runner-up city: Fayetteville (1 billionaire, net worth: $3.1 billion), Wealthiest person in San Francisco: Dustin Moskovitz ($13.5 billion), Total San Francisco billionaire net worth: ($107.4 billion), Runner-up city: Los Angeles (27 billionaires, combined net worth: $115.5 billion), Wealthiest person in Denver: Philip Anschutz ($11.5 billion), Total Denver billionaire net worth: ($25.4 billion), Runner-up city: Elizabeth (1 billionaire, net worth: $7.3 billion), Wealthiest person in Greenwich: Ray Dalio ($18.7 billion), Total Greenwich billionaire net worth: ($50.7 billion), Runner-up city: Branford (1 billionaire, net worth: $5.5 billion), Wealthiest person in Palm Beach: Thomas Peterffy ($17.6 billion), Total Palm Beach billionaire net worth: ($51.7 billion), Runner-up city: Naples (5 billionaires, combined net worth: $23.0 billion), Wealthiest person in Atlanta: Jim Kennedy ($9.9 billion), Total Atlanta billionaire net worth: ($53.4 billion), Wealthiest person in Honolulu: Pierre Omidyar ($13.2 billion), Total Honolulu billionaire net worth: ($13.2 billion), Runner-up city: Kauai (1 billionaire, net worth: $1.0 billion), Wealthiest person in Idaho Falls: Frank VanderSloot ($3.7 billion), Total Idaho Falls billionaire net worth: ($3.7 billion), Wealthiest person in Chicago: Ken Griffin ($13.1 billion), Total Chicago billionaire net worth: ($44.1 billion), Runner-up city: Highland Park (2 billionaires, combined net worth: $3.6 billion), Wealthiest person in Bloomington: Carl Cook ($10.4 billion), Total Bloomington billionaire net worth: ($10.4 billion), Runner-up city: Indianapolis (1 billionaire, net worth: $3.3 billion), Wealthiest person in Adel: Harry Stine ($5.4 billion), Total Adel billionaire net worth: ($5.4 billion), Wealthiest person in Wichita: Charles Koch ($42.8 billion), Total Wichita billionaire net worth: ($42.8 billion), Runner-up city: Leawood (1 billionaire, net worth: $4.1 billion), Wealthiest person in Lexington: Tamara Gustavson ($5.0 billion), Total Lexington billionaire net worth: ($7.8 billion), Wealthiest person in New Orleans: Gayle Benson ($3.1 billion), Total New Orleans billionaire net worth: ($3.1 billion), Wealthiest person in Scarborough: Susan Alfond ($1.9 billion), Total Scarborough billionaire net worth: ($1.9 billion), Wealthiest person in Potomac: Mitchell Rales ($4.8 billion), Total Potomac billionaire net worth: ($8.7 billion), Runner-up city: Chevy Chase (2 billionaires, combined net worth: $9.0 billion), Wealthiest person in Boston: Edward Johnson III ($8.0 billion), Total Boston billionaire net worth: ($29.3 billion), Runner-up city: Brookline (3 billionaires, combined net worth: $11.3 billion), Wealthiest person in Grand Rapids: Hank & Doug Meijer ($10.2 billion), Total Grand Rapids billionaire net worth: ($10.2 billion), Runner-up city: Franklin (1 billionaire, net worth: $6.9 billion), Wealthiest person in Mankato: Glen Taylor ($2.8 billion), Total Mankato billionaire net worth: ($2.8 billion), Runner-up city: St. Paul (1 billionaire, net worth: $2.2 billion), Wealthiest person in Hattiesburg: James Duff ($1.4 billion), Total Hattiesburg billionaire net worth: ($2.8 billion), Wealthiest person in St. Louis: Pauline MacMillan Keinath ($6.9 billion), Total St. Louis billionaire net worth: ($18.6 billion), Runner-up city: Springfield (1 billionaire, net worth: $4.0 billion), Wealthiest person in Missoula: Dennis Washington ($6.7 billion), Total Missoula billionaire net worth: ($8.7 billion), Runner-up city: Livingston (1 billionaire, net worth: $3.9 billion), Wealthiest person in Omaha: Warren Buffett ($89.6 billion), Total Omaha billionaire net worth: ($95.2 billion), Wealthiest person in Las Vegas: Sheldon Adelson ($41.4 billion), Total Las Vegas billionaire net worth: ($57.1 billion), Runner-up city: Reno (2 billionaires, combined net worth: $2.8 billion), Wealthiest person in Millburn: John Overdeck ($6.1 billion), Total Millburn billionaire net worth: ($6.1 billion), Runner-up city: Saddle River (1 billionaire, net worth: $5.3 billion), Wealthiest person in New York: Michael Bloomberg ($58.4 billion), Total New York billionaire net worth: ($482.3 billion), Runner-up city: Scarsdale (2 billionaires, combined net worth: $9.3 billion), Wealthiest person in Cary: James Goodnight ($8.0 billion), Total Cary billionaire net worth: ($16.6 billion), Runner-up city: Durham (1 billionaire, net worth: $1.8 billion), Wealthiest person in Fargo: Gary Tharaldson ($1.0 billion), Total Fargo billionaire net worth: ($1.0 billion), Wealthiest person in Cleveland: Norma Lerner ($1.2 billion), Total Cleveland billionaire net worth: ($3.6 billion), Runner-up city: New Albany (1 billionaire, net worth: $4.5 billion), Wealthiest person in Oklahoma City: Harold Hamm & family ($9.7 billion), Total Oklahoma City billionaire net worth: ($25.2 billion), Runner-up city: Tulsa (2 billionaires, combined net worth: $10.6 billion), Wealthiest person in Hillsboro: Phil Knight & family ($40.0 billion), Total Hillsboro billionaire net worth: ($40billion), Runner-up city: Portland (1 billionaire, net worth: $2.7 billion), Wealthiest person in Philadelphia: Victoria Mars ($7.5 billion), Total Philadelphia billionaire net worth: ($10.6 billion), Runner-up city: Bryn Mawr (2 billionaires, combined net worth: $6.2 billion), Wealthiest person in Providence: Jonathan Nelson ($1.8 billion), Total Providence billionaire net worth: ($1.8 billion), Wealthiest person in Charleston: Anita Zucker ($1.9 billion), Total Charleston billionaire net worth: ($1.9 billion), Wealthiest person in Sioux Falls: T. Denny Sanford ($2.4 billion), Total Sioux Falls billionaire net worth: ($2.4 billion), Wealthiest person in Nashville: Thomas Frist Jr & family ($13.0 billion), Total Nashville billionaire net worth: ($19.0 billion), Runner-up city: Knoxville (2 billionaires, combined net worth: $4.7 billion), Wealthiest person in Dallas: Andrew Beal ($10.2 billion), Total Dallas billionaire net worth: ($64.3 billion), Runner-up city: Houston (12 billionaires, combined net worth: $56.7 billion), 20 stocks to buy in 2020:Apple, Amazon and Disney are among favorites of Wall Street pros, Jobs:When it comes to hiring, millennials are killing it, Wealthiest person in Salt Lake City: Gail Miller ($1.6 billion), Total Salt Lake City billionaire net worth: ($1.6 billion), Wealthiest person in McLean: William Conway Jr ($3.5 billion), Total McLean billionaire net worth: ($5.0 billion), Runner-up city: The Plains (1 billionaire, net worth: $30.2 billion), Wealthiest person in Seattle: Jeff Bezos ($117.1 billion), Total Seattle billionaire net worth: ($168.8 billion), Runner-up city: Medina (2 billionaires, combined net worth: $113.1 billion), Wealthiest person in Lewisburg: Jim Justice II ($1.5 billion), Total Lewisburg billionaire net worth: ($1.5 billion), Wealthiest person in Racine: S. Curtis Johnson ($3.9 billion), Total Racine billionaire net worth: ($11.7 billion), Runner-up city: Eau Claire (1 billionaire, net worth: $11.7 billion), Wealthiest person in Jackson: John Mars ($30.2 billion), Total Jackson billionaire net worth: ($58.2 billion), Runner-up city: Wilson (2 billionaires, combined net worth: $8.2 billion).

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