Atherton isnt the only town touting notable wealth, though. And about an hour north, you'll find San Francisco, the crown jewel of the Bay Area. Sunset over Winnetka Beach, IL Steph Curry of the Los Angeles Lakers purchased a $31 million home. They can't even do it if they tried. Many of the richest suburbs also have very expensive homes. Households here make earn the 2nd highest incomes. runs in excess of $250,000 and the mean household income is $462,556. Doctors, lawyers, business owners and entrepreneurs. Lifestyle 02/21/2020. Boroughs, census designated places, cities, towns, and villages were all considered. the cities with the most expensive homes. Located in Virginias Fairfax County, Great Falls is less than 20 miles outside of Washington, DC. The U.S. Census Bureau tracks median household income up to $250,000. Population: 146,145Rank Last Year: 6 (No Change)Median Income: $129,497 (4th best)Unemployment Rate: 3.5% (16th best)More on Bellevue: Real Estate|Crime|Cost Of Living. The wealthiest 1% of Americans hold an amazing 40% of all wealth. The richest towns in America are Atherton, Calif., with a household income that exceeds a half-million dollars, followed by Scarsdale, N.Y., with $452, 041. Several well-known actors, such as Charlton Heston, Rock Hudson, Virginia Madsen, and Chris ODonnell, have called the Chicago suburb home. While that might seem high, for an entire city, it's really low. Population: 111,331Rank Last Year: 1 (Down 1)Median Income: $109,767 (13th best)Unemployment Rate: 3.6% (19th best)More on Centennial: Real Estate|Crime|Cost Of Living. (Photo by Justin Sullivan/Getty Images). Atherton, the upscale community south of San Francisco, has been home to the former chairman of Google Eric Schmidt and brokerage boss Charles Schwab. Web^ Including the Belgian municipalities of Lanaken, Riemst and Maasmechelen to the west and Vis to the south. The COVID-19 pandemic has affected both high- and low-income communities, but its unclear why such wealthy neighborhoods need so much money to weather the storm. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[336,280],'homesnacks_com-large-mobile-banner-2','ezslot_16',120,'0','0'])};__ez_fad_position('div-gpt-ad-homesnacks_com-large-mobile-banner-2-0');While it's good news for the cities we mentioned, we have to mention the poorest cities in America. You can see their impact on the stats. Located in Monmouth County, New Jersey, Rumson boasts a population of just over 7,000 (as of 2020). All these cities have at least 1,000 households. The community has at least nine country clubs. The median home value in Darien is $1,637,673, according to Zillow. Long work hours means more stress and less family time. Its located five miles north of Dallas. I cover real estate, economics and cost of living. This Westchester County, New York, town was first developed in the 18th century. Allowing cities with less than 1,000 households to be included generated a list of cities that are even more extreme in their incomes, though many of these places have less than a hundred households or just a few hundred. Read on to find out the richest cities in the U.S. and poorest cities. It's a different type of place from the rest of the state. For the fourth year in a row, the suburb of Atherton, California topped Bloomberg's annual Richest Places Index. This Phoenix suburb is the hometown of several celebrities, including Emma Stone, and is best known for its luxury resorts, such as the Camelback Inn, and golf courses. Some of the cities listed are indeed among the cities with the most expensive homes. Overall, the average households bring in pretty big salaries every year. It's safe. For a table of the richest and poorest cities in every state with no size restriction, go to the end of the article. Where's our 3rd richest city in the entire nation? Why Is Marie Antoinette Everywhere Again? Everything is justpeaceful. Some of these neighborhoods are where you go to for sell Girl Scout cookies or candy bars or where all the poor kids go trick-or-treating on Halloween. 3); and Cherry Hills Village, Colorado (No. Youll recognize some of the top people, like Bill Gates (Seattle) and Phil Knight (Portland). Moving from West to East, Americas second richest town is Scarsdale, New York, which is just 35 minutes outside of New York City. It is home to Sarah Lawrence College. It became the first and only neighborhood in America to top the half-million-dollar mark. It is 25 miles from the city. Bronxville is 15 miles north of New York City, also in Westchester County. With one of the most economically tumultuous years coming to a close, its a chance to take stock and look at the financial landscape of American households as 2021 begins. Crazy Rich Asians would maybe even consider buying a home here. 3. The SNAP benefit recipiency rate can be one indicator of poverty, and the richest cities in the country have a significantly lower share of the population relying on this program formerly called food stamp than the 11% share nationwide. California Has 12 Of The 50 Richest Towns In America: Bloomberg - Burlingame-Hillsborough, CA - A Bloomberg report identified the 50 richest towns in When it comes to the richest towns in the United States, a few names stand out like Los Altos Hills in California or Great Falls in Virginia. No. Incomes have risen for the majority of households since the Great Recession, but as income inequality increased across the country, some of the richest places in the country have gotten even wealthier. Well, good schools and plenty of amenities, of course. Hillsborough is a notoriously hilly neighborhood that is only 17 miles from San Francisco. Harwood Court in Scarsdale, Westchester county, New York State, USA getty. New Yorks richest person and former mayor, Michael Bloomberg, is worth $59 billion.Beijings richest billionaire is the founder of TikTok (among other things), Zhang Yiming with a net worth of $35.6 billion.. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks. Many people here are loaded. Los Altos Hills, California. Here's the top 34 1. Other top places included: Here are the Top 10 Richest Places in America and how they split their Heroes Act bailout allocation: #1. #5. We mean, specifically, which parts of the country. To determine Americas poorest towns, 24/7 Wall St. reviewed five-year household income data from the U.S. Census Bureaus American Community Survey in every American town with a population of between 1,000 and 25,000. You can download the data here. Bloomberg Surveillance, covering the latest news in finance, economics and investments. SmartAssets free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Located less than eight miles outside of Denver, this Arapahoe County, Colorado, town is home to two former NFL quarterbacks: John Elway and Peyton Manning. Here are the top 10 richest places in the U.S., according to Bloomberg: For the full list of 200, take a look at Bloomberg's ranking. In addition, this city has a low unemployment rate, and one of the state's lowest poverty rates. Median home values in the 50 richest cities begin at $498,900, about double the median nationwide of $244,900, and reach over $2,000,000 among. Median home values in the 50 richest cities begin at $498,900, about double the median nationwide of $244,900, and reach over $2,000,000 among. For this analysis we used the -- U.S. Census 2016-2020 American Community Survey. Then, U.S. Senate Leader Mitch McConnell (R-KY) refused to call the bill. "Sprawling residences set amidst landscaped gardens and a beautiful backdrop.". Here are the top 10 richest places in the U.S., according to Bloomberg: 1. Below youll find a table including the richest cities in every U.S. state as of 2021. For the first time ever, Forbes reveals the richest person in each of Americas 50 largest cities. Nationally, 33% of adults 25 and older hold at least a bachelors degree. Bloomberg released its annual Richest Places index, revealing the wealthiest towns in the US. Should the American taxpayers from lower-income areas be subsidizing the lifestyles of the rich and famous? There are six cities in where the median household income is less than $20,000: (1) Livingston, Alabama; (2) Hawaiian Ocean View, Hawaii; (3) Homer, The science of human hibernation and "torpor" may soon catch up with science fiction, not only facilitating space travel but potentially helping treat cancer. This place has a ton of money. Just click a pin (by state) and scroll down to see the results rendered in alphabetical order in the chart beneath the map. There are seven cities in which the median household income is in excess of $250,000. Atherton, California, is the richest town in America with an average annual household income of $525,000. Opinions expressed by Forbes Contributors are their own. We're climbing higher and higher up the money tree, as we visit the very wealthy city of Centennial, Colorado. It's known for drawing wealthy Wall Street types. Population: 152,569Rank Last Year: 10 (Up 6)Median Income: $150,464 (best)Unemployment Rate: 3.8% (26th best)More on Sunnyvale: Real Estate|Crime|Cost Of Living. Rumson is a waterfront New Jersey town that boasts Jon Bon Jovi as a resident. One look at the real estate in the area, and its safe to say that Atherton is a sanctuary for the mega-wealthy. Keeping up with friends and neighbors means private school, after school activities and two huge car payments. For the fourth straight year, Atherton toppedBloomberg'sRichestPlaces annual index. None of the richest cities in the country are particularly large. Adults with at least a bachelor's degree: 63.3%, Adults with at least a bachelor's degree: 76.4%, Adults with at least a bachelor's degree: 77.8%, Adults with at least a bachelor's degree: 65.2%, Adults with at least a bachelor's degree: 71.2%, Adults with at least a bachelor's degree: 78.4%, Adults with at least a bachelor's degree: 75.3%, Adults with at least a bachelor's degree: 72.7%, Adults with at least a bachelor's degree: 79.6%, Adults with at least a bachelor's degree: 73.7%, Adults with at least a bachelor's degree: 75.4%, Adults with at least a bachelor's degree: 84.4%, Adults with at least a bachelor's degree: 79.5%, Adults with at least a bachelor's degree: 64.2%, Adults with at least a bachelor's degree: 62.8%, Adults with at least a bachelor's degree: 71.4%, Adults with at least a bachelor's degree: 80.7%, Adults with at least a bachelor's degree: 66.1%, Adults with at least a bachelor's degree: 76.3%, Adults with at least a bachelor's degree: 85.5%, Adults with at least a bachelor's degree: 83.1%, Adults with at least a bachelor's degree: 80.9%, Adults with at least a bachelor's degree: 77.7%, Adults with at least a bachelor's degree: 81.0%, Adults with at least a bachelor's degree: 87.2%, Adults with at least a bachelor's degree: 79.1%, Adults with at least a bachelor's degree: 85.0%, Adults with at least a bachelor's degree: 89.3%, Adults with at least a bachelor's degree: 84.3%, Adults with at least a bachelor's degree: 79.0%, Adults with at least a bachelor's degree: 81.3%, Adults with at least a bachelor's degree: 83.5%. 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