100 richest towns in america 2020

The top 20 richest towns in America all boast average household incomes above $300,000, while the top five ring up above $400,000. For the second year since Bloomberg started to compile the Richest 100, the nation's top spot is Atherton, California. There are six cities in where the median household income is less than $20,000: (1) Livingston . Indeed, benchmark U.S. crude oil is off about 35% over the past year. A steep drop in oil prices first sparked pain across the Bakken about five years ago. : Hertz is selling thousands of used cars in its fleet in bankruptcy at bargain prices, Save better, spend better: Money tips and advice delivered right to your inbox. In comparison with most other states, Mississippi's most expensive neighborhood isn't actually all that expensive especially when you consider that the median home value in Florida is more than $8 million. Higher prices have been a major headache for investors, but these best inflation-proof stocks could help ease the impact. Atherton isn't the only town touting notable wealth, though. The typical Montana City household earns $93,194 a year, the most of any small city or town in Montana and far more than the $52,559 state median household income. Sean Hannity is the wealthiest anchor on television. 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. Here in Utah, things couldn't be more odd. Less than 2% of the town's 5,500 residents live below the poverty line, a fraction of the state poverty rate. Seattle-Tacoma-Bellevue. Of all small cities and towns in Kansas, Fairway is the only one where most homes are worth more than $300,000. Atherton, the upscale community south of San Francisco, has been home to the former chairman of Google Eric Schmidt and brokerage boss Charles Schwab. Jim Walton is the last heir to the Walmart fortune. 18 Stocks Warren Buffett Is Selling (And 6 He's Buying). . Hot springs, rafting, kayaking, fishing, hiking, mountain biking and golf, among many other activities, make Glenwood Springs a year-round destination. Elko's fortunes rise and fall with the price of gold, so one would hope that its millionaire population is properly diversified. "Coupeville and Langley have higher incomes, swankier homes and older residents." Then oil prices collapsed in 2014 and some folks even started pulling up stakes. 1 city on the list is . Nevin Rudloff October 8, 2020 . Published 11 January 23. stocks It's a small area with a small population but a large percentage of highly educated and highly trained engineers and scientists. Oak Hill is a small city of approximately 4,600 residents located about 7 miles south of downtown Nashville. Top 5 fastest-growing U.S. cities for millionaires. Let's break out of Northern California and talk about an expensive Florida neighborhood - Port Royal, located in Naples. As is often the case in the small cities and towns on this list, Winchester residents tend to be well educated. Mississippi: Sherwood-Audubon Area, Jackson. Median household income: $174,750 (state: $54,938), Median home value: $856,700 (state: $146,200). #2. But the state has a 4.95% flat income tax system, property taxes are low and sales taxes are average. 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. Relative to much of the country, median incomes do not vary much from place to place in Vermont. For the fourth year in a row, the suburb of Atherton, California topped Bloomberg's annual Richest Places Index. A relatively low-income state, New Mexico is one of only seven states nationwide where most households earn less than $50,000 a year. This table shows the astonishing list of wealthiest counties in America by average household income. Not all parts of the state are low income, however. Fly fishing, hiking and whitewater rafting draw folks to town in the summer months. . The Aloha State is known for its high cost of living and a mixed picture when it comes to taxes (opens in new tab). "Sprawling residences set amidst landscaped gardens and a beautiful backdrop.". To ensure accuracy, we only considered places where the margin of error for population and median household income was less than 10%. The village was originally incorporated in 1892 as a means to organize a school system for the children of farmers, and today it is the wealthiest small town in Wisconsin. The poverty rate in Dalton Gardens is 3.6%, a fraction of Idaho's 13.8% poverty rate. To determine America's richest towns, 24/7 Wall St. reviewed household income data from the U.S. Census Bureau's American Community Survey in every American town with a population of between . Median household income: $88,199 (state: $63,296), Poverty rate: 5.3% (state: 13.1%), Median home value: $251,300 (state: $249,800). 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. There's been a lot of panic surrounding the mass exodus of wealthy residents from New . 5). Each has an average household income of over $400,000. 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. The town is centered by Hidden Valley Lake. 6. Maryland has the second most millionaires per capita of any state in the U.S., according to Phoenix Marketing International, but it's unfriendly when it comes to taxes (opens in new tab). 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. Less than 1% of people in Robins, Iowa, live below the poverty line, and more than 22% of households in the town earn more than $200,000 annually. Much of Alaska's wealth is tied to the energy business. The median . This is further evidenced by rapid population growth. Published 17 January 23. places to live The town also has a poverty rate of 4.1%, less than a quarter of the state poverty rate which is 17.8%. Median household income: $75,439 (state: $60,076), Poverty rate: 6.2% (state: 11.2%), Median home value: $283,400 (state: $223,700). 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. Genesee is a small Census designated place located less than 20 miles west of Denver. 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. 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. Median household income: $108,299 (state: $55,679), Median home value: $349,500 (state: $166,800). Another attractive aspect of the area is that the City of Lebanon operates Storrs Hill, a 20-acre ski area that hosts three ski trails, two ski jumps, a surface lift and ski lodge. 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. All four have average incomes upwards of $400,000. New Albany boasts 53 miles of walking trails, more than 2,000 acres of parkland, and a 5,000 acre business park. With pristine beaches, lush forests, soaring mountains and relatively few people, Kapaa (and the surrounding area) is an ideal place for a millionaire's tropical island nest. Most homes in Belvedere are worth more than $2 million. The typical home in Rock Springs is worth $217,400, slightly more than the $213,300 state median home value. Buzz60's Tony Spitz has the details. And on that relative basis, Los Alamos really stands out. If your ideal summer retreat is a lakeside getaway, you could hardly do better than Laconia. 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. All 30 Dow Stocks Ranked: The Pros Weigh In. The nearby world-class resorts of Vail and Beaver Creek draw big-spending skiers hoping to see and be seen all winter long. Not only is there no state income tax, but the government actually pays residents an annual stipend. As a bonus, gun buyers aren't reliant on hit-and-miss sales or once-a-year clearance events, to save money. 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. Atherton is a small neighborhood of about 7,000 people and it is located in the heart of . With roots dating back to the early 1800s, Travilah is home to a large number of historic homes with large tracts of land, and it has some of the most expensive houses in the country. Although Torrington might be hidden in the northwest corner of the state, millionaires can't escape Connecticut's onerous tax bite (opens in new tab). ; The 15 Richest Countries in the World Median household income: $133,768 (state: $68,374), Poverty rate: 2.6% (state: 10.3%), Median home value: $536,100 (state: $256,700). 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. More than one in every five households in the area earn over $200,000 a year. 10. Kip ETF 20: The Best Cheap ETFs You Can Buy. This abandoned high school was converted into a 31-unit apartment building. The self-made hyper-rich say these things are the key to getting there. And, unlike more rural parts of the vacation wonderland, Laconia is just a few miles off Interstate 93. Every one of the top 20 towns have households that bring in at least $300,000 a year. Glenwood Springs has collected many accolades over the years. Residents seeking a break from quaint New England living can drive to Boston in less than 90 minutes. Run, swim or take exercise classes at the YMCA Community Center. It also has a trio of 18-hole golf courses. More importantly, it makes Laconia a relatively easy drive from points farther south where millionaires maintain their primary residences. The Cannon River runs through town, and several parks and walking paths provide access to fishing, canoeing and kayaking. Jenks, Oklahoma, is located just south of Tulsa, so residents have access to the many high-paying jobs in the bigger city, in sectors like health care and aerospace engineering. A suburb of Detroit, Bloomfield Hills is located less than 30 miles from Hamtramck, the poorest community in the state where most households earn less than $26,000 a year. Across Missouri, 28.6% of adults have a four-year college education. Median household income: $80,135. 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 Rather, he dollar-cost averages into cheap funds and index funds and holds them forever in tax-advantaged accounts. 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. Median household income: $123,220 (state: $48,392), Poverty rate: 11.5% (state: 17.9%), Median home value: $328,000 (state: $135,300). 65 Best Dividend Stocks You Can Count On in 2020. Destrehan is a Census-designated place with 11,000 residents, located about 20 miles west of downtown New Orleans. Hard work is embedded in American culture. Median household income: $214,477 (state: $59,570), Poverty rate: 4.3% (state: 15.5%), Median home value: $1,230,200 (state: $161,700). 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%. The typical Whitefish Bay household earns $117,300 a year, nearly twice the $59,209 state median household income and the $60,293 national figure. 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. Pinecrest, Florida, is located a few miles south of Miami, just inland from Biscayne Bay. Although median income in the micro area is roughly $12,000 above than the national level, median home value beats the U.S. median by a whopping $280,900. 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). 20. Most households in the area earn over $170,000 a year -- more than triple the median annual household income statewide of $55,000. Real estate values in Winchester reflect the area's high incomes. 12. 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. Of all area residents 25 and older, 70.6% have a bachelor's degree or higher compared to 28.6% of adults across the state as a whole. The typical home in New Albany is worth $494,600, more than three times the state median home value of $140,000. Number of individuals with a net worth of $5 million or more: 36,515. Sergey Brin. The typical Weddington household earns $132,587 a year, more than twice the median household income of $60,886 in Charlotte and the state median of $52,413. The typical Travilah home is worth $1.1 million, more than three times the $305,500 state median home value and more than five times the $204,900 national figure. By Jeff Reeves Hidden Valley is a private residential community on the eastern edge of Indiana, just across the Ohio border from Cincinnati. The typical Spring Creek home is worth $225,400, less than the $242,400 state median home value. 9. An 85-year Harvard study found the No. Following Atherton is Scarsdale, New York, which is less than 25 miles away from Manhattan; Hillsborough, California, about 20 miles south of San Francisco; Cherry Hills Village, Colorado, a Denver suburb; and Los Altos Hills, California, near Silicon Valley. Martha's Vineyard has 17,000 or so year-round residents, but the population can swell to 200,000 during peak summer months. The Faribault-Northfield area is so desirable that Kiplinger has named it a great place to retire. Indeed, it's one of the more expensive cities in the U.S. Chalk it up to the remote location of Alaska's capital, which is tucked away in the southeast corner of the state hard against the Canadian border. (It's an in-state draw for all the millionaires from the Stamford area, too. New York, 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. Clarkson Valley is a small Missouri city of less than 3,000 people. 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. 10 Ridgewood, New Jersey . The average household income of people in this town is calculated as $450,696. Occasionally however, several cities of similar status and their suburbs make up an . Its closest competitor, the quaint Hamptons village of Sagaponack, had a median price that, at $3.9 million, was about half of Atherton's. Keep reading for a closer look at the 27 most expensive . stocks 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. Median household income: $213,801 (state: $79,363), Poverty rate: 3.9% (state: 10.4%), Median home value: $644,900 (state: $327,900). The typical household in Horace today earns $131,354 a year, the most of any small town in North Dakota and more than twice the state median household income of $63,473. Median household income: $210,511 (state: $76,106), Median home value: $1,461,100 (state: $272,700). In Darien, a small Census-designated place in southwest Connecticut within commuting distance of New York City, the typical household earns $210,511. The Beehive State isn't as tax-friendly as it used to be (opens in new tab). The surrounding area is home to a number of tech companies, including Intel and Tektronix and textile companies like Columbia Sportswear and Nike. Advertisement - Continue Reading Below. 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. View Slideshow. More than half of the 100 richest cities in the United States were in the New York City area or California. Median household income: $106,288 (state: $48,059), Median home value: $295,600 (state: $166,800). Median household income: $105,000 (state: $57,422), Poverty rate: 2.7% (state: 12.4%), Median home value: $352,200 (state: $145,400). The area's population grew by 34.5% from 2013 to 2018, compared to the U.S. population growth of 3.6%. One characteristic these towns have in common is a high level of education. Driving time: 6 hours, 14 minutes. 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%. Wealthy areas tend to be home to well-educated populations -- and Bloomfield Hills is no exception. 2020-10-14T13:25:00Z . In Oak Hill, some 78.2% of adults have at least a bachelor's degree -- about three times the 26.6% state college attainment rate and by far the most of any small city or town in Tennessee. With over 55% of residents 25 and older holding at least a bachelor's degree, Robins one of Iowa's most highly educated towns with residents qualified for the many high-paying jobs available nearby in places like Cedar Rapids. Connecticut's median annual household of $76,106 is about $26,000 more than the median nationwide. Check out the latest list of American small towns teeming with well-to-dos. Brandon is a small city in eastern South Dakota, just outside of Sioux Falls -- a city home to several major companies that offer high-paying employment opportunities. Warren Buffett Stocks Ranked: The Berkshire Hathaway Portfolio. Disclosure: Dan does not trade stocks or other securities. CEOWORLD magazine - Top Stories - C-Suite Lifestyle - RANKED: These Are The 50 Richest Towns To Live In The United States, 2020. "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. 2,047) Easton's proximity to the beach, abundance of parks and good schools make for an idyllic small-town experience for residents. Destrehan is a Census-designated place with 11,000 residents, located about 20 miles west of downtown New Orleans. He has written for The Wall Street Journal, Bloomberg, Consumer Reports, Senior Executive and Boston magazine, and his stories have appeared in the New York Daily News, the San Jose Mercury News and Investor's Business Daily, among other publications. For the fourth straight year, Atherton topped Bloomberg's Richest Places annual index. Educational attainment is one of the largest determinants of income. But the area offers much more than pricey lift tickets and celebrity spotting. And don't forget the incomparable sunsets. 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. The downside? revealing the wealthiest towns in the US. Top employers in Elko County include the Elko County School District and West Wendover Casinos. Burlington, the largest city in the state, sits less than 10 miles west of Essex Junction. Median household income: $106,285 (state: $54,325), Poverty rate: 3.7% (state: 14.1%), Median home value: $196,800 (state: $135,400). Tiny Elko, Nevada, owes its high concentration of millionaires to its status as the capital of Nevada's gold mining industry. In Brandon, most households earn over $84,000 a year, about $28,000 more than the typical South Dakota household. Most such agglomerations are economically, socially and culturally dominated by one city at their centre. Summary: The Wealthiest Cities in America For 2022. The largest companies in the area include government tech contractor Booz Allen Hamilton, Inova Health System, and government-sponsored finance giant Freddie Mac. In Gateway, Alaska, most households earn more than $100,000 per year, compared to the statewide median income of $76,715. Median household income: $159,536 (state: $77,378), Poverty rate: 2.5% (state: 10.8%), Median home value: $893,700 (state: $366,800). Gabe Kaminsky of the Washington Examiner reports an ethic watchdog's critique of high-profile congressional Democrats known as "The Squad." Democratic members of the "Squad" in Congress continue to raise ethics concerns and red flags among watchdog groups, who have often urged government bodies to investigate their alleged misconduct.The latest situation earning the ire of watchdogs