100 richest towns in america 2020 100 richest towns in america 2020

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. Indeed, benchmark U.S. crude oil is off about 35% over the past year. 20 Best Stocks to Buy for the New Bull Market. 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. Here are nine of the best stocks for rising interest rates. If there's a silver lining, it's that North Dakota is one of the nation's more tax-friendly states (opens in new tab). Glencoe - $308,625. On the plus side, Alaska is one of the most tax-friendly states in the union (opens in new tab). A college degree can provide the holder with a much wider range of job opportunities, and the jobs themselves tend to be higher income. Places like Dickinson, located in the oil-rich Bakken Formation, were mining millionaires. Bloomberg created and ordered this list by annual household income. "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. The high incomes in Glen Ridge are evident by real estate values. Since then, the 2020 median household income has been reported as $67,521, a 2.9 percent decrease since 2019, . 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. Here are the 10 leading cities for the wealthy for 2019. 5). Greenville's median home value is more than triple that of New York state, at over $950,000. 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. America's 100 richest towns have been revealed by Bloomberg's annual index, with the highest-paid town averaging an income of over $500,000. Oak Harbor itself plays host to nearby Naval Air Station Whidbey Island. 10 Dividend ETFs to Buy for a Diversified Portfolio. A long-time financial journalist, Dan is a veteran of SmartMoney, MarketWatch, CBS MoneyWatch, InvestorPlace and DailyFinance. Analysts say a tough 2022 has left these small-cap stocks priced for outperformance in the new year and beyond. 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. As we shall see, another area near Laconia makes this list of small towns with a high percentage of millionaires. Of all adults in the area, 38% have a bachelor's degree or higher, compared to 33.3% of adults statewide. Accessibility to a city center is typically a key characteristic of the cities on the list. You'll find the Truckee-Grass Valley area on the California side of Lake Tahoe, with Truckee proper situated near the shore of the famed lake itself and Grass Valley sitting farther to the west. 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. The population of Horace has grown rapidly over the past several decades, from 276 residents in 1970 to 2,660 today. But high concentrations of millionaires can be found in some far-flung places too. Centerton is the fastest growing small city or town in Arkansas and one of the fastest growing places in the entire country. August 25, 2020. 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. 6. . Due in part to a warm climate, proximity to the ocean, and access to a major city, homes in Pinecrest are expensive compared to statewide home values. And, unlike more rural parts of the vacation wonderland, Laconia is just a few miles off Interstate 93. With everything from ski resorts to beaches, the Lake Tahoe area offers year-round activities for well-heeled tourists and full-time residents alike. His wealth has rocketed to $10.9 billion from $4.6 billion in 2020. Clarkson Valley is a small Missouri city of less than 3,000 people. Only 4.5% of the community's families fall below the poverty line, and with a mean household income of $339,883, residents can boast of being some of the wealthiest in the entire state of Illinois. The facility has a nearly $3billion annual budget and employs some 13,000 people -- about two-thirds of whom have a college degree. 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. 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? Rents jumped nationwide over the past year, but these big U.S. cities remain comparatively affordable for apartment dwellers. Sponsored Content (opens in new tab) Previous Next 2/25 (Image credit: Getty Images) 24. 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. Median household income: $159,167 (state: $50,972), Poverty rate: 0.8% (state: 16.1%), Median home value: $649,000 (state: $158,600). It's easy to see why Glenwood Springs is popular with millionaires. 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 . It's less than an hour away from Annapolis, the state capital, while Washington, D.C., and Baltimore can be reached by car in about 90 minutes (traffic willing). You might think Palm Beach would easily . As residents like to point out, few towns have a groomed ski area right in their downtown that is accessible to all. It's a small area with a small population but a large percentage of highly educated and highly trained engineers and scientists. In Paradise Valley, just 5% of residents live in poverty. The town also has a poverty rate of 4.1%, less than a quarter of the state poverty rate which is 17.8%. The Highest-Paid News Anchors in 2019 1. It has a higher share of wealthy residents than any other small city or town in New York, with 56.9% of households earning at least $200,000 per year. That helps explain its inclusion on the list of small towns with high concentrations of millionaires. Median household income: $117,300 (state: $59,209), Poverty rate: 3.5% (state: 11.9%), Median home value: $373,200 (state: $173,600). ", 91 Top Dividend Stocks From Around the World. 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. Long work hours means more stress and less family time. And, hang in there until you're 100 and your income taxes are waived altogether. 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. (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. With nearly a $12 million annual salary, Walters was one of the highest-paid news anchors . Median household income: $80,853 (state: $59,116), Poverty rate: 4.1% (state: 11.6%), Median home value: $180,700 (state: $147,800). 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. Known for high-income levels and a low unemployment rate, Luxembourg is the richest country in the world. Millionaires building second homes in the Steamboat Springs area have done more to push up house prices than wages. Most homes in Belvedere are worth more than $2 million. The downside? Rather, he dollar-cost averages into cheap funds and index funds and holds them forever in tax-advantaged accounts. With an average household income of more than $525,000, Atherton, California is the richest town in the United States, that's according to a Bloomberg report. Latest checked 2011 [1] The Church of Jesus Christ of Latter-day Saints. It also helps that New Hampshire is a relatively tax-friendly state (opens in new tab). The appeal of Key West to millionaires and heck, everyone is pretty self-evident. With its covered bridges, forests and rivers, the scenery is gorgeous. On the downside, Minnesota is not a friendly state (opens in new tab) when it comes to taxes. A Bloomberg report is out on the 100 richest towns in America, and four towns in Connecticut made the list. Scarsdale, NYsales price of $1.2 million, Scarsdale is the richest town on the East Coast. Occasionally however, several cities of similar status and their suburbs make up an . Warren Buffett Stocks Ranked: The Berkshire Hathaway Portfolio. 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. Wealthy areas tend to be home to well-educated populations -- and Bloomfield Hills is no exception. 24/7 Wall Street is a USA TODAY content partner offering financial news and commentary. For the fourth straight year, Atherton toppedBloomberg'sRichestPlaces annual index. The typical Mississippi household earns just $43,567 a year, about $17,000 less than the typical American household. 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. The typical home is worth $602,000, the most of any small town in Pennsylvania and more than triple the $174,1000 state median home value. #2. Multiple bodies of water including Donner Lake, where the Donner Party met its gruesome demise, make the entire area a recreational haven for water sports. West Virginia's median household income is one of the lowest among states, at just under $45,000. [2] Sree Venkateswara Swamy Temple. Located in Washington County, Arkansas, the small town of Goshen is considered to be the wealthiest in the state. Educational attainment is one of the largest determinants of income. The median annual household income in Ocean Pointe is $114,801, more than in any other small city or town in Hawaii. Median household income: $129,081 (state: $58,580), Poverty rate: 0.7% (state: 11.7%), Median home value: $301,700 (state: $142,300). The median annual household income in America is just over $60,000. Indeed, former presidents Bill Clinton and Barack Obama have summered there, and Jacqueline Kennedy Onassis long maintained a home on the island. 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). But the state has a 4.95% flat income tax system, property taxes are low and sales taxes are average. This time the list is from Bloomberg. As is often the case in wealthy communities, Fairway has high real estate values. The typical Winchester home is worth $893,700, more than double the median home value of $366,800 in Massachusetts. Overall, Tulsa in 1921 was considered a modern, vibrant city. The following list of cities is limited to "micropolitan" areas, which the Census Bureau defines as urban clusters with populations between 10,000 and 50,000, "plus adjacent territory that has a high degree of social and economic integration with the core as measured by commuting ties.". ETFs The small resort city about 160 miles west of Denver is loaded with fun stuff to do and not just in winter, when skiing is the main attraction in the Colorado Rockies. Median household income: $80,135. The Cannon River runs through town, and several parks and walking paths provide access to fishing, canoeing and kayaking. The median household income in Paradise Valley is nearly four times as high as the median in Arizona. Burlington, the largest city in the state, sits less than 10 miles west of Essex Junction. 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. 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. We added hundreds of new lists - see our top 101 city lists. And the long, snowy winters are perfect for the numerous ski resorts in the vicinity of Truckee and Grass Valley. Raleigh-Durham International Airport. Laconia, New Hampshire. Greenwich and Darien, Connecticut. All Rights Reserved. Atherton, California tops the list for the fourth . 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. The Aloha State is known for its high cost of living and a mixed picture when it comes to taxes (opens in new tab). This city is in proximity to Los Angeles. Happily, for all of Elko's residents, Nevada is a no-income-tax haven, and one of Kiplinger's top 10 most tax-friendly states. Seattle-Tacoma-Bellevue. 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: $170,952 (state: $53,560), Poverty rate: 1.3% (state: 14.2%), Median home value: $629,200 (state: $151,600). Idaho's median annual household income is just over $53,000, which is lower than the majority of states. New Albany boasts 53 miles of walking trails, more than 2,000 acres of parkland, and a 5,000 acre business park. Another appealing aspect of the area for millionaires: It's a straight shot down Interstate 80 to reach Sacramento, the state capital, and San Francisco. Many residents likely commute to high-paying jobs in nearby Birmingham. Buckner is a Census-designated place located about 20 miles northeast of Louisville. Hard work is embedded in American culture. 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. NY 10036. Published 11 January 23. stocks More than 8,000 people call Upper Saddle River in Bergen County home. Fly fishing, hiking and whitewater rafting draw folks to town in the summer months. This city in the oil-rich Bakken Formation soon found itself home to fracking millionaires. The town is centered by Hidden Valley Lake. 10 Ridgewood, New Jersey . Horace is a small bedroom community located roughly 10 miles southwest of downtown Fargo. Then oil prices collapsed in 2014 and some folks even started pulling up stakes. Tourism is a key contributor to the local economy, thanks to the nearby New Hampshire International Speedway, as is the state's increasing emergence as a center of high-tech manufacturing. Much of Alaska's wealth is tied to the energy business. Heber boasts world-class recreational activities for the wealthy and regular Joes alike. But the area offers much more than pricey lift tickets and celebrity spotting. The states with the highest number of the richest cities are California with 23, New Jersey with 18, and New York with 13. Happily for residents, Washington is among the most friendly states for taxes (opens in new tab). Find the full list of America's 100 Richest Places on Bloomberg. The net impact of accounting for differences in the purchasing power of a dollar in . Many high-income residents likely commute to high-paying jobs in the Seattle area. It is a short drive from Charlotte. 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. By Jeff Reeves Honolulu in Hawaii is one of the 100 Richest Cities in America #8. Microsoft co-founder Paul Allen's estate sold for over $35 million in 2020. In Los Alamos, most households earn over $100,000 a year. 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. Concord also benefits from being within easy reach of Laconia and the state's famed Lakes Region, as noted earlier. Over the last five years, the number of people living Ocean Pointe jumped by 44%. New Albany is a suburb of the Columbus metro area, located less than 15 miles northeast of the Ohio state capital. 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. 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. Atherton, CA- Average household income - $450,696. Median household income: $123,564 (state: $51,015), Median home value: $316,500 (state: $154,800). Travilah is a wealthy suburb situated some 15 miles up the Potomac River from downtown Washington D.C. With a median household income of $235,669 a year, Travilah is the wealthiest place with a population between 1,000 and 25,000 in both Maryland and the United States. Reply. Rank City Income; 1. Median household income: $133,768 (state: $68,374), Poverty rate: 2.6% (state: 10.3%), Median home value: $536,100 (state: $256,700). 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. Easton's proximity to the beach, abundance of parks and good schools make for an idyllic small-town experience for residents. AI stocks have been bloodied up in recent months, but the technology's relentlessly growing importance should see the sun shine on them again. Income distibution for all U.S. cities. The typical home in University Park is worth $1.2 million, compared to the median home value of $161,700 statewide. Dallas. Jim Walton is the last heir to the Walmart fortune. As a bonus, gun buyers aren't reliant on hit-and-miss sales or once-a-year clearance events, to save money. When you purchase through links on our site, we may earn an affiliate commission. Median household income: $222,115 (state: $65,323), Poverty rate: 3.3% (state: 14.6%), Median home value: $954,400 (state: $302,200). Atherton is joined by Scarsdale, New York (No. The Oak Harbor, Washington, micro area actually encompasses all of Whidbey Island. Rock Springs is a city located at the intersection of Interstate 80 and US 191 in Sweetwater County in southwest Wyoming. Median household income: $161,641 (state: $59,445), Poverty rate: 5.8% (state: 12.8%), Median home value: $602,000 (state: $174,100). In most of these cities, people have it made, financially. 27 / 52. According to Niche, the national percentage is 20%. Like many prosperous communities, New Albany is growing rapidly. The surrounding area is home to a number of tech companies, including Intel and Tektronix and textile companies like Columbia Sportswear and Nike. Port Royal, Naples, Florida. In this article we take a look at the 30 richest cities in the United States. The North Star State hits hard with income tax and property taxes are on the high side, too. Median household income: $80,666 (state: $44,921), Poverty rate: 4.1% (state: 17.8%), Median home value: $220,100 (state: $115,000). 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. 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. In Darien, a small Census-designated place in southwest Connecticut within commuting distance of New York City, the typical household earns $210,511. 9. By: News 12 Staff. Centerton is situated next to Bentonville, the home to Walmart's corporate offices and its roughly 17,000 employees. NEW ALBANY, OH A Bloomberg report identified the 100 richest towns in America, and three Ohio cities made the cut. 20. The Claremont-Lebanon micro area abuts Laconia and has plenty of its own attractions, as well. The rules that keep American housing expensive. South Carolina has one of the higher poverty rates among states, at 16%. The typical home in Horace is worth $293,800, the most of place in North Dakota and far more than the median home value statewide of $185,000. These commodity ETFs offer investors exposure to the diverse asset class, which is a helpful hedge against inflation. In others, a particular industry drives local wealth. 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). 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. For the fourth year in a row, the suburb of Atherton, California topped Bloomberg's annual Richest Places Index. Many of those jobs in and around Fairway are high paying, as most households in the area earn over $100,000 a year, and more than one in five households earn $200,000 or more. 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 Phoenix suburb has a median home value of just over $1.5 million -- by far the highest of any small city or town in the state. Let's break out of Northern California and talk about an expensive Florida neighborhood - Port Royal, located in Naples. 11 March 2007: The tables provide GDP figures for cities and their surrounding urban areas in 2020. In his current role at Kiplinger, Dan writes about equities, fixed income, currencies, commodities, funds, macroeconomics and more. The Beehive State isn't as tax-friendly as it used to be (opens in new tab). Take Bloomberg's just-released 2020 list of the country's 100 richest places, which ranks towns by average household income based on U.S. Census data. Connecticut's median annual household of $76,106 is about $26,000 more than the median nationwide. The three largest employers in Linn County, where Robins is located, are in the aerospace, insurance, and health care fields, all of which can pay relatively high salaries. 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. Higher prices have been a major headache for investors, but these best inflation-proof stocks could help ease the impact. More importantly, it makes Laconia a relatively easy drive from points farther south where millionaires maintain their primary residences. Naturally, this tony locale is not easy on the wallet, as evidenced by the exorbitant real estate prices. In winter, it's all about skiing. 5,104) over $200,000: 2. 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. Median household income: $123,220 (state: $48,392), Poverty rate: 11.5% (state: 17.9%), Median home value: $328,000 (state: $135,300). Hefty income taxes and high property taxes make the Empire State one of Kiplinger's 10 least tax-friendly states. Watch on. Lexington has become one of the wealthiest cities in America, with the typical home costing $1,361,431 in 2022, according to Zillow. Millionaire households: 1,840; Median household income: $73,015 (state: $45,726), Poverty rate: 8.8% (state: 17.6%), Median home value: $170,700 (state: $123,300). With only 3.53% of residents out of work, and the average household bringing in $79,133 a year, Utah is quite the rich place. Miami, Florida. Median household income: $156,205 (state: $70,116), Poverty rate: 2.1% (state: 11.5%), Median home value: $452,200 (state: $311,700). Summary: The Wealthiest Cities in America For 2022. Bridgeport's median is just over $80,000, which is the highest of any municipality in the state but one of the lowest on this list. As is typical among the cities and towns on this list, Essex Junction is within commuting distance of a larger urban area. 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. Fully 8.7% of Heber's 9,567 households have at least $1 million in investable assets. The small city has grown in tandem with SMU and the larger Dallas metro area, increasing from a population of 4,200 in 1930 to 24,954 today. Click for the full list. 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. 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. We've rounded up the wealthiest citizens from 31 rich countries, including America, the UK, Canada, and Australia. Median household income: $223,182 (state: $71,228), Poverty rate: 2.3% (state: 14.3%), Median home value: $2,000,000+ (state: $475,900). 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. Residents seeking a break from quaint New England living can drive to Boston in less than 90 minutes. One characteristic these towns have in common is a high level of education. All of the wealthiest neighborhoods in America on Bloomberg's Richest Places Index have average household incomes over $300,000. Visit our corporate site. Genesee is a small Census designated place located less than 20 miles west of Denver. So it should come as no surprise that Breckenridge would make the cut. Within five years, Tulsa had grown from a rural crossroads town in the former Indian Territory into a boomtown with more than With a median household income of $156,205, Duvall is the wealthiest small city or town in the state. By comparison, the median household income across Pennsylvania is $59,445. Water views, rolling hills and a verdant landscape (at least in the warmer months) make for many an idyllic scene. 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. Data on household incomes and home values come from the U.S. Census Bureau. 10. Here are . From metro areas on both coasts to the middle of the Pacific Ocean, these are the priciest cities in the U.S. to call home. Kip ETF 20: The Best Cheap ETFs You Can Buy. List of Top 10 Highest Paid News Anchors in India. He's also written for Esquire magazine's Dubious Achievements Awards. The poverty rate in Dalton Gardens is 3.6%, a fraction of Idaho's 13.8% poverty rate. The median in Jenks is tens of thousands of dollars higher, at over $93,000. . A 35-minute train ride from New York City, the town sports quaint shops and top-rated schools . Whitefish Bay is a small village of 14,000 residents located less than 10 miles north of downtown Milwaukee. Incomes tend to rise with educational attainment, and in North Star, about two-thirds of adults have a bachelor's degree or higher, compared to fewer than one in every three adults across Delaware as a whole. The typical home in Weddington is worth $443,600, the highest median home value of any small city or town in North Carolina and more than twice the $165,900 state median. 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