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. 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. Indeed, it has been cutting income taxes for several years in a row to the point that they barely exist. More than one in every five households in the area earn over $200,000 a year. 1 city on the list is . 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. The net impact of accounting for differences in the purchasing power of a dollar in . Given the school's very highly selective . 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). In Darien, a small Census-designated place in southwest Connecticut within commuting distance of New York City, the typical household earns $210,511. The city's great appeal is no secret. More than half of the 100 richest cities in the United States were in the New York City area or California. [2] Sree Venkateswara Swamy Temple. The median . revealing the wealthiest towns in the US. Overall, Tulsa in 1921 was considered a modern, vibrant city. 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. The self-made hyper-rich say these things are the key to getting there. The median annual household income in Ocean Pointe is $114,801, more than in any other small city or town in Hawaii. 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. To ensure accuracy, we only considered places where the margin of error for population and median household income was less than 10%. Visit our corporate site. Millionaires building second homes in the Steamboat Springs area have done more to push up house prices than wages. Washington, D.C . In Los Alamos, most households earn over $100,000 a year. Miami, Florida. The population of Horace has grown rapidly over the past several decades, from 276 residents in 1970 to 2,660 today. 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. But the area offers much more than pricey lift tickets and celebrity spotting. 5,104) over $200,000: 2. Built with one-acre plot minimums for most of its history, the Inverness housing stock is among the most expensive in the country. Median household income: $174,750 (state: $54,938), Median home value: $856,700 (state: $146,200). The city continues to attract some very educated people; about 44% of adults in the area have at least Bachelor's Degrees. At the same time, Hudson is chockablock with architectural gems. While the economies of rural areas are believed to be less exposed to these effects, the virus has adversely affected all parts of the U.S. Problematic logos: Does it really matter if Aunt Jemima and Uncle Ben get retired? The report based its . New Albany is a suburb of the Columbus metro area, located less than 15 miles northeast of the Ohio state capital. The facility has a nearly $3billion annual budget and employs some 13,000 people -- about two-thirds of whom have a college degree. 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. Most such agglomerations are economically, socially and culturally dominated by one city at their centre. Microsoft co-founder Paul Allen's estate sold for over $35 million in 2020. Perhaps best known is Hanover, N.H., which forms the northern tip of this urban agglomeration. Tech billionaires, like former Google CEO Eric Schmidt, Facebook COO Sheryl Sandberg and late Microsoft co-founder Paul Allen, have called the richest town in America home where the average household income is more than $500,000 a year. In Avondale Estates, 74.8% of adults have at least a bachelor's degree, the largest share of any city in Georgia and more than twice the state college attainment rate of 30.7%. Advertisement - Continue Reading Below. Tega Cay, South Carolina, is located on a peninsula along Lake Wylie, just south of the border with North Carolina. While many of the highest paying jobs tend to concentrate near large population centers, there are also smaller towns that are very prosperous. High-income areas tend to have well-educated populations -- and Duvall is no exception. Median household income: $74,172 (state: $43,567), Poverty rate: 3.8% (state: 20.8%), Median home value: $177,900 (state: $114,500). Mississippi: Sherwood-Audubon Area, Jackson. Cost of living: 21.1% above U.S. average. 10. One characteristic these towns have in common is a high level of education. In many cases, the chef is why someone visits a restaurant. Naturally, skiing is what first comes to mind when it comes to Breckenridge, but the area supports a wide range of sports and cultural activities through all four seasons. Looking to buy a car? Tiny Easton, on the Eastern Shore of the Chesapeake Bay, prides itself on its out-of-the-way feel, with country farms mixing with lavish waterfront estates. Loudoun County is the richest county in the USA, with an estimated average household income of $ 117,876. Median household income: $170,952 (state: $53,560), Poverty rate: 1.3% (state: 14.2%), Median home value: $629,200 (state: $151,600). 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. Published 11 January 23. stocks Median household income: $133,768 (state: $68,374), Poverty rate: 2.6% (state: 10.3%), Median home value: $536,100 (state: $256,700). Millionaire households: 1,840; Loudoun County is located in the Commonwealth Virginia, with a population of 375,000 people. CEOWORLD magazine - Top Stories - C-Suite Lifestyle - RANKED: These Are The 50 Richest Towns To Live In The United States, 2020. Glencoe - $308,625. A suburb of Kansas City, Fairway, like many small cities and towns on this list, is well within commuting distance of employment opportunities in a major city. For the fourth straight year, Atherton toppedBloomberg'sRichestPlaces annual index. Duvall is a small city of about 8,000 people located 25 miles northeast of Seattle. 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. A far higher than average share of workers in Buckner work as health diagnosing and treating practitioners, which are generally high paying jobs. So it should come as no surprise that Breckenridge would make the cut. Less than 2% of the town's 5,500 residents live below the poverty line, a fraction of the state poverty rate. Atherton, California tops the list for the fourth . Its content is produced independently of USA TODAY. Median household income: $80,853 (state: $59,116), Poverty rate: 4.1% (state: 11.6%), Median home value: $180,700 (state: $147,800). Its richest municipality, Dalton Gardens, has a median household income of just over $71,000, which is lower than that of any other municipality on this list. 10 Ridgewood, New Jersey . 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. Idaho's median annual household income is just over $53,000, which is lower than the majority of states. Median household income: $93,194 (state: $52,559), Poverty rate: 2.4% (state: 13.7%), Median home value: $331,900 (state: $219,600). so you don't miss any videos: http://goo.gl/0bsAjO Over the past year, housing . DEA / M. BORCHI // Getty Images. All of the wealthiest neighborhoods in America on Bloomberg's Richest Places Index have average household incomes over $300,000. Median household income: $123,220 (state: $48,392), Poverty rate: 11.5% (state: 17.9%), Median home value: $328,000 (state: $135,300). 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. Inverness is a suburb located some 33 miles northwest of downtown Chicago in Cook County. This abandoned high school was converted into a 31-unit apartment building. Less Diverse. Whitefish Bay is a small village of 14,000 residents located less than 10 miles north of downtown Milwaukee. Sign up here, Your California Privacy Rights/Privacy Policy. The county seat of Loudoun is in Leesburg, where most administration activities take place. Median household income: $213,801 (state: $79,363), Poverty rate: 3.9% (state: 10.4%), Median home value: $644,900 (state: $327,900). (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. 1 Bethany ($121,149) This town is the richest in the entire state of Oregon and it even has a larger population of 20,646. Median household income: $214,477 (state: $59,570), Poverty rate: 4.3% (state: 15.5%), Median home value: $1,230,200 (state: $161,700). The U.S. poverty rate is 14.1%. After the analysis was over, we crowned Cary as the richest city in America for 2022. A steep drop in oil prices first sparked pain across the Bakken about five years ago. The Highest-Paid News Anchors in 2019 1. The Top 10 CHEAPEST Cities to live in the United States for 2020. Atherton, CA- Average household income - $450,696. Upper Saddle River Borough in Bergen County - Median Income of $171,747. The North Star State hits hard with income tax and property taxes are on the high side, too. Median household income: $204,145 (state: $56,213), Median home value: $1,505,300 (state: $209,600). This table shows the astonishing list of wealthiest counties in America by average household income. The wealthiest 1% of Americans hold an amazing 40% of all wealth. For the fourth year in a row, the suburb of Atherton, California topped Bloomberg's annual Richest Places Index. 24/7 Wall Street is a USA TODAY content partner offering financial news and commentary. 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%. 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. 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. 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. Looking at the poorest cities in the U.S., there are certainly some geographic patterns that emerge. Seattle-Tacoma-Bellevue. Ocean Pointe is a Census-designated place on the island of Oahu within commuting distance of Honolulu. Corporate giants shouldn't be applauded for helping to solve crises their own policies have helped cause, writes Linsey McGoey. Dan Burrows is Kiplinger's senior investing writer, having joined the august publication full time in 2016. Here are . Unfortunately for millionaires and folks of lesser means, New York State taxes take a bite. Located along the Connecticut River bordering Vermont, this 50-square-mile town in the Upper Valley is home to Dartmouth College, the smallest of the eight Ivy League colleges. The typical household in Vermont earns about $60,000 a year, in line with the national median household income. Located in Washington County, Arkansas, the small town of Goshen is considered to be the wealthiest in the state. Oxnard-Thousand Oaks-Ventura, California. 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. Median Home Value: $288,200. Many residents likely commute to high-paying jobs in nearby Birmingham. A wealthy suburb of the Omaha metro area, Papillion has grown from approximately 1,000 residents in 1950 to more than 20,000 today. Median household income: $117,300 (state: $59,209), Poverty rate: 3.5% (state: 11.9%), Median home value: $373,200 (state: $173,600). A college degree can provide the holder with a much wider range of job opportunities, and the jobs themselves tend to be higher income. And on that relative basis, Los Alamos really stands out. 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. These commodity ETFs offer investors exposure to the diverse asset class, which is a helpful hedge against inflation. 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). Edgeworth is a small borough of approximately 1,600 residents located some 12 miles up the Ohio River from downtown Pittsburgh. Oklahoma has one of the lower median household incomes among states, at $51,424. Thanks to its location on the Yampa river, Steamboat Springs is perfect for fishing, rafting, tubing and kayaking. It also has a trio of 18-hole golf courses. Known for high-income levels and a low unemployment rate, Luxembourg is the richest country in the world. 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. (It's an in-state draw for all the millionaires from the Stamford area, too. The town's widespread prosperity suggests that Ocean Pointe is a desirable place to live. 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. The typical home in Fairway is worth $352,000. 13 Best Vanguard Funds for the Next Bull Market. Chevy Chase Village, MD (pop. Posted Mon, Feb 24, 2020 at 12:35 pm ET. We've rounded up the wealthiest citizens from 31 rich countries, including America, the UK, Canada, and Australia. By Kyle Woodley Long work hours means more stress and less family time. Over the last five years, the number of people living Ocean Pointe jumped by 44%. Median household income: $223,182 (state: $71,228), Poverty rate: 2.3% (state: 14.3%), Median home value: $2,000,000+ (state: $475,900). This city in the oil-rich Bakken Formation soon found itself home to fracking millionaires. And don't forget the incomparable sunsets. Los Angeles, Chicago and Houston round out the top five . The Faribault-Northfield area is so desirable that Kiplinger has named it a great place to retire. Latest checked 2011 [1] The Church of Jesus Christ of Latter-day Saints. As a senior writer at AOL's DailyFinance, Dan reported market news from the floor of the New York Stock Exchange and hosted a weekly video segment on equities. Median household income: $129,081 (state: $58,580), Poverty rate: 0.7% (state: 11.7%), Median home value: $301,700 (state: $142,300). The typical area home is worth about $645,000, nearly double the value of the typical New Jersey home. What started as a small farming community in the 1870s now has some the most expensive homes in North Dakota. Bethany is the most affluent neighborhood in Oregon. Here is the list of top 14 wealthiest towns in America as of March 2023 1. New York, The largest companies in the area include government tech contractor Booz Allen Hamilton, Inova Health System, and government-sponsored finance giant Freddie Mac. Tiny Elko, Nevada, owes its high concentration of millionaires to its status as the capital of Nevada's gold mining industry. Vineyard Haven is a town on Martha's Vineyard. But the state has a 4.95% flat income tax system, property taxes are low and sales taxes are average. Arizona has one of the highest poverty rates of any U.S. state, at 16.1%, 2 percentage points higher than the U.S. rate. The town is just outside of Anchorage, Alaska's largest city, providing residents access to many, likely higher-paying, employment opportunities. Buckner is a Census-designated place located about 20 miles northeast of Louisville. The Aloha State is known for its high cost of living and a mixed picture when it comes to taxes (opens in new tab). 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. Click to skip ahead and jump to the 10 richest cities in the United States. For example, giant brands like The Coca-Cola Company (NYSE: KO ), Walmart Inc. (NYSE: WMT ), oil companies like Exxon Mobil Corporation (NYSE: XOM ), and many U.S.-based airlines, American . A Division of NBC Universal, A home stands in Atherton, California, U.S., on Tuesday, Feb. 18, 2020. Most homes in Belvedere are worth more than $2 million. Most households in the town earn more than $150,000 annually, and more than one-third earn over $200,000. 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. The best healthcare stocks offer investors a defensive hedge in an uncertain market. 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. You might think Palm Beach would easily . For the fourth straight year, Atherton topped Bloomberg's Richest Places annual index. 4. The Claremont-Lebanon micro area abuts Laconia and has plenty of its own attractions, as well. Either way, these are the 25 smallest cities and towns boasting the highest concentrations of millionaire households in the U.S. And just for good measure, we're also providing some important tax and cost-of-living information. This island off the coast of Cape Cod the Census Bureau classifies the entire island as part of the Vineyard Haven micro area is one of the most desirable summer vacation spots in the Northeast and has long been a favorite of the rich, the famous and the powerful. The Hudson, New York, micro area has emerged as an upstate hidey-hole for the well-heeled. Gardnerville Ranchos is a favorite hiding place for millionaires because of its proximity to Lake Tahoe, which has long been a getaway for the rich and famous. Oak Harbor itself plays host to nearby Naval Air Station Whidbey Island. 9. Heber boasts world-class recreational activities for the wealthy and regular Joes alike. Destrehan is a Census-designated place with 11,000 residents, located about 20 miles west of downtown New Orleans. Median household income: $123,564 (state: $51,015), Median home value: $316,500 (state: $154,800). Median household income: $80,513. Of all small cities and towns in Kansas, Fairway is the only one where most homes are worth more than $300,000. Groceries alone cost almost 40% more than the U.S. national average, according to the Council for Community and Economic Research's Cost of Living Index. 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. Fairfield County towns have made yet another list of the richest places in the U.S. Seattle, Tacoma, and Bellevue combine to become some of the richest cities in America. 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. The 2014 slump in energy prices touched off the state's worst recession in three decades. 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. Data on household incomes and home values come from the U.S. Census Bureau. The bottom 90% hold less than 25% of the total wealth. With nearly a $12 million annual salary, Walters was one of the highest-paid news anchors . To compiler their 2020 list of the 50 richest places, Bloomberg "evaluated . The poverty rate in Dalton Gardens is 3.6%, a fraction of Idaho's 13.8% poverty rate. Median household income: $93,364 (state: $51,424), Median home value: $205,100 (state: $130,900). Some 22.6% of households earn $200,000 or more, more than five times the comparable 4.4% of households throughout Wisconsin. The high incomes in Glen Ridge are evident by real estate values. Combined, the median household income is just over $171,000. 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. For more sedentary folks, Breckenridge hosts the National Repertory Orchestra every summer and the Breckenridge Film Festival every autumn. The rugged mountain terrain is ideal for hiking, mountain biking, camping, you name it. The typical household in the area earns $88,199 a year, a higher median income than in every other small city or town in the state. The typical household earns $176,528 a year, more than twice the $68,411 state median household income and nearly three times the $60,293 national figure. The tiny town about 35 miles northwest of Santa Fe is home to a government nuclear weapons laboratory and a number of chemists, engineers and physicists. Although gold mining is no longer much of a growth area, pulling the yellow metal from the ground does remain a productive endeavor. All. Rock Springs is a city located at the intersection of Interstate 80 and US 191 in Sweetwater County in southwest Wyoming.