100 richest towns in america 2020
Median household income: $156,205 (state: $70,116), Poverty rate: 2.1% (state: 11.5%), Median home value: $452,200 (state: $311,700). The median annual household income in Ocean Pointe is $114,801, more than in any other small city or town in Hawaii. 2020-10-14T13:25:00Z . Top 5 fastest-growing U.S. cities for millionaires. 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. One whistleblower estimated it at $200 billion. Adjusted median household income: $103,100. Dallas. It's a good thing, too, considering the high price of homes in the area. Fitness buffs have plenty of options: In the snowy Minnesota winter, you can cross-country ski along miles of groomed trails or snowshoe through Carleton's Cowling Arboretum. The typical household in Vermont earns about $60,000 a year, in line with the national median household income. The Highest-Paid News Anchors in 2019 1. Sure, Utah ranks as the second richest state in the country. Cumberland Hill is a small Census-designated place of about 8,000 residents located in northern Rhode Island. 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. Sean Hannity is the wealthiest anchor on television. The typical area home is worth about $1.5 million. The median annual household income in America is just over $60,000. But for more modest incomes, the impact is far milder, and property taxes are low (opens in new tab). 24/7 Wall Street is a USA TODAY content partner offering financial news and commentary. 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. 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. ETFs Naturally, this tony locale is not easy on the wallet, as evidenced by the exorbitant real estate prices. 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. Median household income: $93,364 (state: $51,424), Median home value: $205,100 (state: $130,900). 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). Rank Metropolitan statistical area Population Per capita income 1 Washington-Arlington-Alexandria, D.C-Virginia-Maryland MSA 5,949,178 $47,411 All of the wealthiest neighborhoods in America on Bloomberg's Richest Places Index have average household incomes over $300,000. To ensure accuracy, we only considered places where the margin of error for population and median household income was less than 10%. 2,047) Chevy Chase Village, MD (pop. The economy in Los Alamos is supported by the Los Alamos National Lab -- a research and development center for the Department of Energy and the National Nuclear Security Administration. The median household income in Highland Lakes is more than triple the median income across Alabama as a whole. 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. 50 Top Stock Picks That Billionaires Love. It also helps that New Hampshire is a relatively tax-friendly state (opens in new tab). New Albany boasts 53 miles of walking trails, more than 2,000 acres of parkland, and a 5,000 acre business park. Median household income: $127,351 (state: $59,393), Poverty rate: 4.8% (state: 14.1%), Median home value: $509,900 (state: $287,300). DEA / M. BORCHI // Getty Images. The typical area home is worth about $645,000, nearly double the value of the typical New Jersey home. The median household income in Paradise Valley is nearly four times as high as the median in Arizona. Be that as it may, property taxes as a percentage of home value are the lowest in the U.S. By this point in our list of small towns with the highest concentrations of millionaires, it should be clear that Western ski resort towns are mighty popular with people of means. High-income areas tend to have well-educated populations -- and Duvall is no exception. Dan Burrows is Kiplinger's senior investing writer, having joined the august publication full time in 2016. More than 10% of Alaska residents live in poverty, yet the poverty rate in Gateway is just 4.2%. Inverness is a suburb located some 33 miles northwest of downtown Chicago in Cook County. 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. Hampton is a small seaside Census-designated place of approximately 9,000 residents in Rockingham County. All. 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. Concord also benefits from being within easy reach of Laconia and the state's famed Lakes Region, as noted earlier. Hudson boasts scores of antiques dealers, which led the charge in making the town attractive for new residents, tourists and wealthier folks in search of second homes. 6. Today it has some of the most expensive homes in North Carolina. With a median household income of $156,205, Duvall is the wealthiest small city or town in the state. If you need access to specialists not available at Northfield Hospital & Clinics, the Mayo Clinic is about 60 miles away, in Rochester. Median household income: $105,000 (state: $57,422), Poverty rate: 2.7% (state: 12.4%), Median home value: $352,200 (state: $145,400). (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. "Being only 20 minutes away from Silicon Valley and 45 minutes to downtown San Francisco, [Atherton] is where many billionaires and C-Suite executives choose to reside," Rachel Swann, real-estate brokerage The Agency San Francisco managing partner, told CNBC Make It. It is worth noting that the data used for this story represents a time before the coronavirus pandemic. "Oak Harbor is usually regarded as the poorer but more developed stepsister when compared to other Whidbey municipalities," notes the Whidbey News-Times. Median household income: $114,801 (state: $78,084), Poverty rate: 4.2% (state: 9.9%), Median home value: $629,800 (state: $587,700). The appeal of Key West to millionaires and heck, everyone is pretty self-evident. As a result, Hanover buzzes with a diverse mix of art, culture and outdoor sporting and recreational activities year-round. Overall, Tulsa in 1921 was considered a modern, vibrant city. In Topsham, 44.9% of adults have a bachelor's degree, one of the larger shares of any small city or town in Maine and far more than the state bachelor's degree attainment rate of 30.9%. AI stocks have been bloodied up in recent months, but the technology's relentlessly growing importance should see the sun shine on them again. . In Paradise Valley, just 5% of residents live in poverty. Buckner is a Census-designated place located about 20 miles northeast of Louisville. 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. Find the full list of America's 100 Richest Places on Bloomberg. In winter, it's all about skiing. 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). Posted Mon, Feb 24, 2020 at 12:35 pm ET. The poverty rate in Dalton Gardens is 3.6%, a fraction of Idaho's 13.8% poverty rate. Roughly 35 miles south of the state capital of Albany, the area abuts the banks of you guessed it the Hudson River. Seattle-Tacoma-Bellevue. With a population of around 9000, Glencoe is one of the most popular (and exclusive) suburbs of Chicago. New Albany is a suburb of the Columbus metro area, located less than 15 miles northeast of the Ohio state capital. More than one in every five households in the area earn over $200,000 a year. 2020 At 9:44 pm. Located in Washington County, Arkansas, the small town of Goshen is considered to be the wealthiest in the state. Median household income: $141,533 (state: $65,627), Poverty rate: 1.8% (state: 11.9%), Median home value: $444,400 (state: $244,700). Wanna be a billionaire? Atherton isn't the only town touting notable wealth, though. The rules that keep American housing expensive. The city continues to attract some very educated people; about 44% of adults in the area have at least Bachelor's Degrees. 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. Who said big money is smart? The Beehive State ranks well in every category we measured. We added hundreds of new lists - see our top 101 city lists. 30.0. The high incomes in the community are due in part to the presence of major companies. Genesee has a median annual household income of nearly $160,000, more than double the state median. The median household income in Edgeworth is $161,641, making it the wealthiest municipality in Pennsylvania. Median household income: $204,145 (state: $56,213), Median home value: $1,505,300 (state: $209,600). Miami, Florida. Advertisement - Continue Reading Below. 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. We only considered areas with populations between 1,000 and 25,000. But this comes at a cost. Ocean Pointe is a Census-designated place on the island of Oahu within commuting distance of Honolulu. Estimates of millionaire households provided by Phoenix Marketing International. Mountain biking, hiking and fly fishing are just a few of the allures for the millionaire who likes the great outdoors. This unincorporated town in Essex County was founded by the inventor of the modern roller shade in the 1870s. Too cold outdoors? Here are . At the same time, Hudson is chockablock with architectural gems. Greenwich and Darien, Connecticut. Published 23 January 23. Fairfax County, which includes the independent cities of Fairfax City and Falls Church, remains one of the . By Dan Burrows Oklahoma has one of the lower median household incomes among states, at $51,424. No need to worry about health care, either. Bloomberg released its annual list of the richest town . 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. The wealthiest town in the state, Destrehan's median household income of $92,052 is nearly double the median income across Louisiana of $47,942. Educational attainment is one of the largest determinants of income. Not all parts of the state are low income, however. March 6, 2018 9:00am by Barry Ritholtz. New York, A Bloomberg report is out on the 100 richest towns in America, and four towns in Connecticut made the list. Christian. By Louis Navellier But as anyone who works in the oil patch knows, booms and busts are an integral part of the industry. The Wealth Report is Knight Frank's flagship annual publication, offering a unique perspective on global wealth, prime property and investment. In the last five years, the number of people living there jumped by 33.9%. As is often the case in wealthy communities, real estate is not cheap in Darien. 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. A million bucks in liquid assets isn't what it used to be, but it's still really hard to amass. Microsoft co-founder Paul Allens estate in Atherton, CA, recently sold for a hefty $35.25 million. 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. All four have average incomes upwards of $400,000. Median household income: $75,441 (state: $62,268), Poverty rate: 11% (state: 11.1%), Median home value: $217,400 (state: $213,300). Much of Alaska's wealth is tied to the energy business. As is typical among the cities and towns on this list, Essex Junction is within commuting distance of a larger urban area. 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. By Kyle Woodley These places aren't in the best states to move to in the USA, but a few are some of the wor. 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. Glencoe, IL. He remains on the Walmart board of directors, and is also the CEO of his own company, Arvest Bank. Martha's Vineyard has 17,000 or so year-round residents, but the population can swell to 200,000 during peak summer months. Hudson has become popular with millionaires and non-millionaires alike thanks to its myriad restaurants, art galleries and nightlife. Clarkson Valley is a small Missouri city of less than 3,000 people. 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. The wealthiest town in the state, Destrehan's median household income of $92,052 . A Division of NBC Universal, A home stands in Atherton, California, U.S., on Tuesday, Feb. 18, 2020. This prosperity has likely attracted many new residents to Jenks -- the population grew by more than 24%, from less than 18,000 in 2013 to over 21,000 in 2018. The town is just outside of Anchorage, Alaska's largest city, providing residents access to many, likely higher-paying, employment opportunities. However, also has some seriously luxurious mansions and impressively large . Pound Ridge, NY (pop. 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 . A 35-minute train ride from New York City, the town sports quaint shops and top-rated schools . The typical Hampton household earns $92,688 a year, the most of any small town in New Hampshire and far more than the $74,057 state median household income. 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. Greenville is a relatively short commute to New York City, providing its residents access to the many high-paying jobs. so you don't miss any videos: http://goo.gl/0bsAjO Over the past year, housing . 18 Stocks Warren Buffett Is Selling (And 6 He's Buying). 12 Cheapest Small Towns in America 2020. 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. Median household income: $75,439 (state: $60,076), Poverty rate: 6.2% (state: 11.2%), Median home value: $283,400 (state: $223,700). 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. One of the wealthiest states in the country, New Jersey has a median household income of $79,363, about $29,000 more than the national median. More importantly, it makes Laconia a relatively easy drive from points farther south where millionaires maintain their primary residences. A far higher than average share of workers in Buckner work as health diagnosing and treating practitioners, which are generally high paying jobs. Atherton is a small neighborhood of about 7,000 people and it is located in the heart of Silicon Valley. 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. The 25 Best Low-Fee Mutual Funds You Can Buy. Heres how it works. Source: Bloomberg. 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. Sponsored Content (opens in new tab) Previous Next 2/25 (Image credit: Getty Images) 24. New Mexico's personal income tax rates top out at 4.9% on taxable income over $16,000 for single filers and over $24,000 for married couples filing jointly. Centerton is situated next to Bentonville, the home to Walmart's corporate offices and its roughly 17,000 employees. Atherton, CA- Average household income - $450,696. Buzz60's Tony Spitz has the details. Median household income: $159,536 (state: $77,378), Poverty rate: 2.5% (state: 10.8%), Median home value: $893,700 (state: $366,800). Perhaps best known is Hanover, N.H., which forms the northern tip of this urban agglomeration. The typical household earns $214,477 a year, more than three times both the state median household income of $59,570 and the $60,293 national figure. Median household income: $223,182 (state: $71,228), Poverty rate: 2.3% (state: 14.3%), Median home value: $2,000,000+ (state: $475,900). #2. Atherton, California tops the list for the fourth . 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. Pinecrest, Florida, is located a few miles south of Miami, just inland from Biscayne Bay. The typical Winchester home is worth $893,700, more than double the median home value of $366,800 in Massachusetts. 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. Sign up here, Your California Privacy Rights/Privacy Policy. Building on this momentum, Duke Energy Corporation and the state's rural electric . 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. Atherton is joined by Scarsdale, New York (No. The typical home in New Albany is worth $494,600, more than three times the state median home value of $140,000. It also can get a bit crowded. ; The 15 Richest Countries in the World Median household income: $80,135. Fully 8.7% of Heber's 9,567 households have at least $1 million in investable assets. West Palm Beach, Florida. Elko's fortunes rise and fall with the price of gold, so one would hope that its millionaire population is properly diversified. Published 11 January 23. stocks Within five years, Tulsa had grown from a rural crossroads town in the former Indian Territory into a boomtown with more than West Virginia has the lowest bachelor's degree attainment rate of any state, at 20.3%. Median household income: $132,587 (state: $52,413), Poverty rate: 1.7% (state: 15.4%), Median home value: $443,600 (state: $165,900). America's 100 Richest Places. By the end of the last decade, fortunes were once again looking up, but that came to a halt with the coronavirus. 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). Unfortunately for millionaires and folks of lesser means, New York State taxes take a bite. With an average household income of more than $525,000, it became the first and so far only community to . And while it helps to be a millionaire to live in Juneau, it's increasingly difficult to become one. 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). Connecticut's median annual household of $76,106 is about $26,000 more than the median nationwide. Atherton, the upscale community south of San Francisco, has been home to the former chairman of Google Eric Schmidt and brokerage boss Charles Schwab. 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. Many high-income residents likely commute to high-paying jobs in the Seattle area. Long work hours means more stress and less family time. 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. 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. For the fourth straight year, Atherton topped Bloomberg's Richest Places annual index. Based on median household income, Mississippi is the poorest state in the country. Places like Dickinson, located in the oil-rich Bakken Formation, were mining millionaires. Hot springs, rafting, kayaking, fishing, hiking, mountain biking and golf, among many other activities, make Glenwood Springs a year-round destination. Complete list click for interactive table. The town also has a poverty rate of 4.1%, less than a quarter of the state poverty rate which is 17.8%. What had fueled this remarkable growth was oil, specifically the discovery of the Glenn Pool oil field in 1905. Austin, Texas. 8. More than 8,000 people call Upper Saddle River in Bergen County home. It is a short drive from Charlotte. The Federal Reserve has been aggressive in its rate hiking, and it's likely not done yet. In Darien, a small Census-designated place in southwest Connecticut within commuting distance of New York City, the typical household earns $210,511. The surrounding area is home to a number of tech companies, including Intel and Tektronix and textile companies like Columbia Sportswear and Nike. Median household income: $161,641 (state: $59,445), Poverty rate: 5.8% (state: 12.8%), Median home value: $602,000 (state: $174,100). Median Home Value: $288,200. The Kapaa micropolitan area includes the entirety of Kauai, Hawaii's fourth-largest island. The median in Jenks is tens of thousands of dollars higher, at over $93,000. In others, a particular industry drives local wealth. 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. Burlington, the largest city in the state, sits less than 10 miles west of Essex Junction. The Mount Washington weather station, Median household income: $153,417 (state: $53,267), Poverty rate: 5.5% (state: 14.8%), Median home value: $919,800 (state: $196,800). The Oak Harbor, Washington, micro area actually encompasses all of Whidbey Island. Property taxes are modest, but sales taxes lean high (opens in new tab). This time the list is from Bloomberg. Median household income: $159,167 (state: $50,972), Poverty rate: 0.8% (state: 16.1%), Median home value: $649,000 (state: $158,600). In fact, every season challenges the next for which is more beautiful.". Median household income: $123,564 (state: $51,015), Median home value: $316,500 (state: $154,800). Carson City, capital of the Silver State, is just 20 miles to the north of Gardnerville Ranchos, and high rollers can reach Reno's casinos in an hour. Here are the 10 leading cities for the wealthy for 2019. Idaho's median annual household income is just over $53,000, which is lower than the majority of states. 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.
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