10 Richest Towns In Middle America

25 Richest Cities in The US – The Wealthiest Towns in America

10 Richest Towns In Middle America

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Long called home by tech billionaires ’s Sheryl Sandberg and Google’s Eric Schmidt, the richest town in America is Atherton, California, according to Bloomberg’s 2019 Richest Places Index.

The Silicon Valley town boasts tree-lined streets with large, private lots and lavish homes in close proximity to Stanford University and the headquarters of Google, , and Tesla, making it appealing to America’s 21st century mega-wealthy.

And they’re only getting wealthier. In 2017, Atherton clocked in with an average household income of a whopping $450,696, up over $7,200 from last year’s ranking.

Silicon Valley tech execs aren’t the only Americans getting richer: The entry level average household income for the top 100 places topped $200,000 this year, up from $190,000 two years ago.

Even more staggering: All of the top 20 richest towns posted average household incomes above $300,000.

America’s third richest town is in Colorado: Cherry Hills Village, a Denver suburb with an average household income of $394,259. Another surprising finding? Four of the 25 richest towns in America, including the Village of Indian Hill, Ohio, a Cincinnati suburb with an average household income of $338,267, are in the Midwest.

Of the remaining top 25, 13 are in California (4) or the Northeast (9), making the tristate area of New York, New Jersey, and Connecticut the greatest concentration of wealth in the country. (Hello, old money.) Rounding out the top 25 richest towns are three in Texas, three more in the mid-Atlantic region, and one in Arizona.

Bloomberg compiled its Richest Places Index using data from the U.S. Census Bureau’s American Community Survey, evaluating inflation-adjusted household income data for all U.S.

“places,” defined by the Census Bureau as having a minimum of 2,000 households. Unincorporated areas and county subdivisions were excluded; nearly 6,250 places met the criteria.

Bloomberg also excluded households without any type of income when calculating average household income for each place.

Check out the full list here, and find out more about the top 25 richest towns in America below.

1 Atherton, CA

Average Household Income: $450,696

The median home value in this San Matteo County, California, town is a staggering $6,400,000, according to Zillow.

Although Atherton, which sits between San Jose and San Francisco, is best known for its tech billionaire residents such as Sheryl Sandberg, Eric Schmidt, and Meg Whitman, the former CEO of Hewlett-Packard, a slew of other notable residents have also called the Silicon Valley town home, including actress Shirley Temple, investment firm CEO Charles Schwab, Major League Baseball Hall of Famer Willie Mays and Ty Cobb, and Fleetwood Mac’s Lindsey Buckingham.

2 Scarsdale, NY

Average Household Income: $417,335

This Westchester County suburb of New York City posted a sizable increase—$30,000—to its average household income between 2016 and 2017. Notable figures who have called Scarsdale home include actress Judy Garland, actress Susan Lucci, director and actor Rob Reiner, NPR legal correspondent Nina Totenberg, and former U.S. Attorney for the Southern District of New York Preet Bharara.

3 Cherry Hills Village, CO

Average Household Income: $394,259

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. The median home value in Cherry Hills Village is just shy of $2,000,000, according to Zillow.

4 Los Altos Hills, CA

Average Household Income: $386,174

This Santa Clara County, California, town has maintained a rural character that evokes its agricultural past in spite of its recent infusion of Silicon Valley money. Notable figures who have called Los Altos Hills home include former Major League Baseball player Barry Bonds and tech entrepreneur Steve Kirsch.

5 Hillsborough, CA

Average Household Income: $373,128

Just 17 miles south of San Francisco in California’s San Mateo County, Hillsborough is home to several significant mansions in American architectural history, including: Carolands, built by Harriet Pullman Carolan, the Pullman railway heiress; the Western White House, built by George Randolph Hearst, son of William Randolph Hearst, and designed by Julia Morgan, of Hearst Castle fame; and the Sidney Bazett Residence, designed by Frank Lloyd Wright and lived in by Joseph Eichler for a time.

6 Short Hills, New Jersey

Average Household Income: $367,491

The median home value in this New York City suburb is just under $1,500,000, according to Zillow. Phillip Roth’s first book, Goodbye, Columbus, was largely set in Short Hills. Some notable Americans who have called the Essex County, New Jersey, town home include actress Anne Hathaway and fashion designer Rachel Zoe.

7 Highland Park, TX

Average Household Income: $358,994

This Dallas suburb is home to the America’s first self-contained shopping center: Highland Park Village, which opened in 1931, was designed by architects Marion Fresenius Fooshee and James B. Cheek in a Spanish Revival style and is on the National Register of Historic Places. Highland Park is also famous for serving as a filming location for the 1980s hit television show Dallas.

8 Darien, CT

Average Household Income: $341,090

This Fairfax County, Connecticut, town is just 37 miles from New York City, but its wealthy residents ly consider it a world away, thanks to its 11 parks, 2 public beaches, and several private clubs focused on activities golf and yachting. The median home value in Darien is $1,325,500, according to Zillow.

9 Bronxville, NY

Average Household Income: $340,448

This southern Westchester County, New York, town is just 15 miles from Midtown Manhattan, which means its residents have easy access to the city and all the trappings of wealthy small-town life—charming residential architecture, a walkable town center, and great public schools. President John F. Kennedy lived with his family for a few years in Bronxville; other notable residents include Elizabeth Custer, the widow of General George Armstrong Custer, and television host Ed McMahon.

10 Glencoe, IL

Average Household Income: $339,883

This North Shore Chicago suburb in Illinois’ Cook County is home to the Chicago Botanic Garden, a 385-acre living plant museum with 27 gardens, 4 natural areas, and six miles of lake shoreline. Scenes from two classic 1980s John Hughes’ films—Ferris Bueller’s Day Off and Sixteen Candles—were shot in Glencoe.

11 The Village of Indian Hill, OH

Average Household Income: $338,267

Less than 15 miles outside of Cincinnati, this Hamilton County, Ohio, town was developed in the early 20th-century by a handful of wealthy businessmen who already owned property there. Now, the median home value in the once entirely agricultural Village of Indian Hill is just over $1 million, according to Zillow.

12 Old Greenwich, CT

Average Household Income: $336,692

This Fairfield County, Connecticut, town lives up to its name: It was founded in 1641.

The Old Greenwich Station, a commuter rail station that delivers residents to nearby New York City, was built in 1872 and is listed on the National Register of Historic Places.

The tony town sits on Long Island Sound and was known as Sound Beach in the 19th century. Today, its largest beach, Tod’s Point, is public property.

13 Winnetka, IL

Average Household Income: $331,231

This Cook County, Illinois, town is perhaps best known as the setting for director John Hughes’ Home Alone.

Several well-known actors, such as Charlton Heston, Rock Hudson, Virginia Madsen, and Chris O’Donnell, have called the Chicago suburb home.

Many renowned architects have also designed homes and churches in Winnetka, including George Washington Maher, Howard Van Doren Shaw, Solon S. Beman, and David Adler.

14 West University Place, Texas

Average Household Income: $330,459

Just seven miles from Houston, this Harris County, Texas, town was developed in 1917 and is named for its close proximity to Rice University.

Many of the streets are named after authors, such as Geoffrey Chaucer, John Dryden, and William Shakespeare.

Notable residents who have called West University Place home include Craig Biggio, a former baseball player for the Houston Astros, and NFL player Brian Cushing.

15 Larchmont, NY

Average Household Income: $313,586

This Westchester County, New York, town was first developed in the 18th century. Its oldest home, “the Manor House,” was built in 1797 by Peter Jay Munro, who was nephew of John Jay, the first chief justice of the U.S. Supreme Court. Today, the median home value in this New York City suburb is over $1.1 million, according to Zillow.

16 Great Falls, VA

Average Household Income: $309,599

Located in Virginia’s Fairfax County, Great Falls is less than 20 miles outside of Washington, DC. The northern Virginia town might as well be a world away, however, thanks to its location on the banks of the Potomac River. Notable residents have included former AOL CEO Steve Case and Redskins owner Dan Snyder.

17 University Park, TX

Average Household Income: $304,898

This Dallas suburb is home to Southern Methodist University, which was founded in 1915, and the George W. Bush Presidential Center. Its population is just over 25,000 (as of 2017).

18 Westport, CT

Average Household Income: $304,439

This Fairfield County, Connecticut, town sits on Long Island Sound and is only 52 miles from New York City. Westport has figured prominently in popular culture, as the hometown of fictional characters Bewitched’s Darrin and Samantha Stephens and movie stars Paul Newman.

19 Rumson, NJ

Average Household Income: $303,542

Located in Monmouth County, New Jersey, Rumson boasts a population of less than 7,000 (as of 2017). The New York suburb has been home to several American celebrities, including Bruce Springsteen.

20 Paradise Valley, AZ

Average Household Income: $300,521

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.

21 Kentfield, CA

Average Household Income: $299,450

Just 18 miles from San Francisco, this Marin County town scores highly on quality-of-life indexes, thanks to its mild climate and proximity to outdoor attractions such as Mount Tamalpais and the Marin Headlands within the Golden Gate National Recreation Area. California Governor Gavin Newsom called Kentfield home before moving into the Governor’s mansion in Sacramento.

22 Ladue, MO

Average Household Income: $291,794

The median home value for this St. Louis suburb is $871,00, according to Zillow. Notable people who have called Ladue home include August Busch III, the former chairman of Anheuser-Busch, sports broadcaster Joe Buck, and Major League Baseball Hall of Famer Stan Musial.

23 Riverside, CT

Average Household Income: $290,904

This New York suburb is part of Greenwich, in Connecticut’s Fairfield County. It boasts two sites on the National Registry of Historic Places: Riverside Avenue Bridge, built in 1894 and listed in 1977, and the Samuel Ferris House, built around 1760 and listed in 1989.

24 Travilah, MD

Average Household Income: $284,682

Residents of this Montgomery County, Maryland, neighborhood generally identify as living in Potomac, Rockville, Darnestown, or North Potomac, depending on their zip code. One of its most well-known “residents” is the Travilah Oak, a large white oak that measures 108 wide and is believed to be 285 years old.

25 McLean, VA

Average Household Income: $283,992

Located just across the Potomac River from Washington, D.C., this Fairfax County, Virginia, town is home to not only the Central Intelligence Agency headquarters but also numerous well-known figures in politics and government, such as former Vice President Dick Cheney and former Secretary of State Colin Powell. Ethel Kennedy, widow of Robert F. Kennedy, also called McLean home.

Source: https://www.veranda.com/luxury-lifestyle/g1563/richest-towns-in-the-us/

What are America’s richest towns? New study lists the top 30

10 Richest Towns In Middle America

The typical American household earned $55,322 in 2016, roughly $4,000 higher than 2009’s median income of $51,425. In a number of small towns throughout the country, more than half of households earn more than three times the national median. And incomes in these towns are growing faster than they are nationwide.

To determine America’s richest towns, 24/7 Wall Street reviewed household income data from the U.S. Census Bureau’s American Community Survey in every American town with a population between 1,000 and 25,000. For comparison purposes, boroughs, census-designated places, cities, towns, and villages were all considered.

The recovery from the Great Recession has largely benefitted the wealthiest households the most. While the share of aggregate income earned by the poorest 80% of households fell from 49.9% in 2010 to 48.

6% in 2016, the share of income earned by the wealthiest fifth of households rose from 50.2% to 51.4%.

In the majority of the wealthiest towns with available data, the median household income rose between 2009 and 2016 more than it did for the typical American household.

More:Are these the worst cities to live in? Study looks at quality of life across the U.S.

 (Photo: Richard McGuirk / Getty Images)

30. Rye, New York

  • Median household income: $162,394
  • Median home value: $1,107,000
  • Adults with at least a bachelor's degree: 73.2%
  • Poverty rate: 3.3%

29. Brambleton, Virginia

  • Median household income: $164,321
  • Median home value: $547,700
  • Adults with at least a bachelor's degree: 79.1%
  • Poverty rate: 1.6%

28. Coto de Caza, California

  • Median household income: $165,046
  • Median home value: $911,600
  • Adults with at least a bachelor's degree: 62.8%
  • Poverty rate: 3.6%

27. Fulshear, Texas

  • Median household income: $167,708
  • Median home value: $409,500
  • Adults with at least a bachelor's degree: 63.8%
  • Poverty rate: 2.2%

26. Haworth, New Jersey

  • Median household income: $168,371
  • Median home value: $644,700
  • Adults with at least a bachelor's degree: 69.7%
  • Poverty rate: 1.0%

25. Franklin Farm, Virginia

  • Median household income: $168,750
  • Median home value: $594,000
  • Adults with at least a bachelor's degree: 75.6%
  • Poverty rate: 3.4%

More:Who is getting paid more? 16 states where personal incomes are booming

24. Broadlands, Virginia

  • Median household income: $169,353
  • Median home value: $569,800
  • Adults with at least a bachelor's degree: 76.1%
  • Poverty rate: 1.3%

 (Photo: uteb / iStock)

23. Dellwood, Minnesota

  • Median household income: $171,250
  • Median home value: $528,800
  • Adults with at least a bachelor's degree: 71.9%
  • Poverty rate: 1.8%

22. Upper Saddle River, New Jersey

  • Median household income: $171,747
  • Median home value: $905,100
  • Adults with at least a bachelor's degree: 69.8%
  • Poverty rate: 0.5%

21. Alamo, California

  • Median household income: $171,767
  • Median home value: $1,411,800
  • Adults with at least a bachelor's degree: 72.4%
  • Poverty rate: 2.3%

20. Fort Hunt, Virginia

  • Median household income: $172,857
  • Median home value: $668,000
  • Adults with at least a bachelor's degree: 79.1%
  • Poverty rate: 0.7%

More:What's the richest town in every state?

19. Dranesville, Virginia

  • Median household income: $172,946
  • Median home value: $548,200
  • Adults with at least a bachelor's degree: 70.7%
  • Poverty rate: 1.9%

18. Hinsdale, Illinois

  • Median household income: $173,558
  • Median home value: $859,400
  • Adults with at least a bachelor's degree: 79.0%
  • Poverty rate: 4.4%

17. South Run, Virginia     • Median household income: $186,271     • Median home value: $731,100     • Adults with at least a bachelor's degree: 79.7%     • Poverty rate: 2.7%     ALSO READ: Cities Where Crime Is Soaring in Every State (Photo: fairfaxcounty.gov)

17. South Run, Virginia

  • Median household income: $186,271
  • Median home value: $731,100
  • Adults with at least a bachelor's degree: 79.7%
  • Poverty rate: 2.7%

16. Bellaire, Texas

  • Median household income: $187,805
  • Median home value: $770,500
  • Adults with at least a bachelor's degree: 78.8%
  • Poverty rate: 1.7%

15. Upper Montclair, New Jersey

  • Median household income: $190,515
  • Median home value: $702,300
  • Adults with at least a bachelor's degree: 86.4%
  • Poverty rate: 3.3%

14. Floris, Virginia

  • Median household income: $196,544
  • Median home value: $649,200
  • Adults with at least a bachelor's degree: 79.5%
  • Poverty rate: 4.6%

More:Can you afford that new vehicle? 25 most expensive car models to insure

13. Belmont, Virginia

  • Median household income: $197,083
  • Median home value: $678,700
  • Adults with at least a bachelor's degree: 74.6%
  • Poverty rate: 2.1%

12. Oyster Bay Cove, New York

  • Median household income: $204,107
  • Median home value: $1,506,900
  • Adults with at least a bachelor's degree: 72.2%
  • Poverty rate: 0.2%

11. Loyola, California

  • Median household income: $204,726
  • Median home value: $2,000,000+
  • Adults with at least a bachelor's degree: 83.5%
  • Poverty rate: 1.8%

10. The Village of Indian Hill, Ohio

  • Median household income: $205,221
  • Median home value: $922,500
  • Adults with at least a bachelor's degree: 88.1%
  • Poverty rate: 3.1%

9. Winnetka, Illinois

  • Median household income: $207,857
  • Median home value: $989,600
  • Adults with at least a bachelor's degree: 88.1%
  • Poverty rate: 2.8%

More:Migration and growth: The fastest growing (and shrinking) cities in the US

8. Darien, Connecticut

  • Median household income: $208,125
  • Median home value: $1,248,200
  • Adults with at least a bachelor's degree: 79.5%
  • Poverty rate: 4.8%

7. Wolf Trap, Virginia

  • Median household income: $212,489
  • Median home value: $871,800
  • Adults with at least a bachelor's degree: 83.3%
  • Poverty rate: 1.6%

6. Travilah, Maryland

  • Median household income: $215,688
  • Median home value: $1,055,400
  • Adults with at least a bachelor's degree: 78.8%
  • Poverty rate: 3.5%

5. Hillsborough, California

  • Median household income: $216,292
  • Median home value: $2,000,000+
  • Adults with at least a bachelor's degree: 77.1%
  • Poverty rate: 2.8%

4. Rolling Hills, California     • Median household income: $220,764     • Median home value: $2,000,000+     • Adults with at least a bachelor's degree: 71.1%     • Poverty rate: 2.0% (Photo: Thinkstock)

4. Rolling Hills, California

  • Median household income: $220,764
  • Median home value: $2,000,000+
  • Adults with at least a bachelor's degree: 71.1%
  • Poverty rate: 2.0%

3. Great Falls, Virginia

  • Median household income: $230,304
  • Median home value: $1,123,300
  • Adults with at least a bachelor's degree: 81.9%
  • Poverty rate: 2.2%

More:25 richest cities in America: Does your metro area make the list?

2. Sands Point, New York

  • Median household income: $231,667
  • Median home value: $2,000,000+
  • Adults with at least a bachelor's degree: 79.3%
  • Poverty rate: 1.2%

1. Los Altos Hills, California

  • Median household income: $243,701
  • Median home value:  $2,000,000+
  • Adults with at least a bachelor's degree: 84.6%
  • Poverty rate: 4.2%

Detailed findings and methodology

One of the largest determinants of income is educational attainment.

Individuals with high school, college, and professional degrees are more ly to work at high-paying jobs, and areas where the population has higher educational attainment overall are more ly to attract advanced industry and commercial activity. In all of the 30 wealthiest towns, the share of adults with at least a bachelor’s degree is more than twice the national college attainment rate of 30.3%.

A majority of the wealthiest towns are suburbs of major cities. Many residents of the richest parts of the country commute to high-paying jobs in neighboring metropolises. Sands Point and Oyster Bay Cove, for example, are located on Long Island roughly one hour from Manhattan. In both villages, more than 85% of workers commute to jobs in other cities every day.

More:Cost of living: The purchasing power of a dollar in every state

Darien, Connecticut, the eighth wealthiest town, is about a 90-minute ride on the Metro-North Railroad to Grand Central Station in New York City.

Wolf Trap, Virginia, is an hour commute via the Washington Metro to downtown Washington, D.C., and Winnetka, Illinois is about a 40-minute ride on the Metra railroad from Chicago.

In 26 of the 30 wealthiest towns, more than 80% of workers commute to other cities for work.

To determine America’s richest towns, 24/7 Wall St. reviewed five-year household income data from the U.S. Census Bureau’s American Community Survey in every American town with a population between 1,000 and 25,000.

For comparison purposes, boroughs, census designated places, cities, towns, and villages were all considered. We excluded towns for which the margin of error at 90% confidence was greater than 10% of either the median household income or the population.

Poverty rates, median home values, and the percentage of adults with at least a bachelor’s degree also came from the ACS and are also five-year estimates through 2016.

24/7 Wall Street is a USA TODAY content partner offering financial news and commentary. Its content is produced independently of USA TODAY.

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Source: https://www.usatoday.com/story/money/economy/2018/06/18/benefitting-economic-recovery-americas-richest-towns/35936581/

The 10 richest towns in America

10 Richest Towns In Middle America

Income inequality is becoming the most important economic topic going into this election cycle. The absolute extremes of wealth and poverty in the same area. The annual median household income in the wealthiest towns in America can be as high as three or four times the national median income, and as much as five or six times the income in nearby impoverished communities.

This type of inequality does not occur overnight. To highlight some of the factors that create hyper-wealthy townships, 24/7 Wall St.

reviewed income data from some of the wealthiest towns, cities, and boroughs around the country.

These places are havens for the nation’s elite, where median home values can exceed $1 million and large proportions of the households earn at least $200,000 annually. These are the richest towns in the country.

The richest communities in the country are all quiet suburbs located within commuting distance of a major city, which also offer the most high-paying job opportunities. Four of the 10 wealthiest towns are within commuting distance of New York City, two are close to Dallas, and two are outside of San Francisco.

Being near a major metropolitan area does not guarantee an affluent community. Some of these wealthy towns are just a short drive away from the poorest areas in the country.

West University Place, Texas is a suburb of Houston and had an annual median household income of $205,135 and a poverty rate of just 2.3%.

South Houston, meanwhile, had a median income of $35,478 and a poverty rate of 32.0%.

One common trend among places with higher income is a greater incidence of households with two earners, and particularly married households with children. There are ly two reasons for this.

First, a high rate of two earners per household raises the median household income. Second, people are more ly to raise children in communities they consider to be prosperous, safe, and offering quality education.

Of course, only families with a certain level of income have the luxury of these options.

In eight of the 10 wealthiest towns and cities, at least 70% of households consisted of a married couple. At least 30% of married couples in all of these areas had children as well. Nationally, just 48.

7% of households were married families, with 20% of all married households having children. In Scarsdale, New York, the wealthiest city, 82.

7% of households consisted of a married couple, and nearly half of those had children.

Residents in the wealthiest places in the country are frequently employed in highly-skilled positions in high-paying industries, which require high levels of education. They work in finance positions in New York City or Chicago, or in scientific or other professional careers in the San Francisco Bay Area.

The education levels in these communities are especially high. While 86% of adults nationally had at least a high school diploma, at least 97% of adults in the wealthiest city did. Moreover, while 28.8% of adults nationally had at least a bachelor’s degree, more than 70% of adults in nine of the 10 wealthiest cities did.

In Winnetka, Illinois, the second wealthiest community, 88% of adults had at least a bachelor’s degree.

To determine the richest towns in the country, 24/7 Wall St. considered median household incomes from the U.S. Census Bureau’s 2013 American Community Survey (ACS). Because many towns in the country are small, data can be unreliable.

For this reason, all data used are five-year estimates for the period 2009-2013. Still, data can be subject to sampling issues.

We did not consider towns where the margin of error at 90% confidence was greater than 10% of the point estimate of both median household income and population.

Also from the ACS, we reviewed poverty rates, median home values, educational attainment rates, the shares of households making less than $10,000 and more than $200,000, as well as the percentage of households that are married, and have children. Industry composition of these towns is also from the ACS.

Click ahead for the richest cities in America.

Read More: States Where the Most (and Least) People Work for the Government

> Median household income: $164,437

> Total population: 18,108

> Median home value: $973,600

> Metropolitan area: San Francisco-Oakland-Hayward, CA

Orinda is located roughly a half hour outside of downtown San Francisco, just a few miles east of Berkeley.

This relatively young Bay Area suburb was incorporated in 1985, and is a wealthy community of commuters and their families.

With an annual median household income of just under $165,000, more than three times the national figure, it ranks as the 10th-wealthiest community in the United States.

Homes in Orinda cost even more than properties in San Francisco, which is already one of the most expensive housing markets in the country. While the median home value in the San Francisco metro area was just over $600,000, it was $973,600 in Orinda.

As is the case with most of the wealthy cities on this list, married families make up a much higher proportion of Orinda’s population. Nationally, less than half of all households included a married couple. In Orinda, it was 71.6% of all households.

> Median household income: $165,827

> Total population: 4,109

> Median home value: $775,000

> Metropolitan area: New York-Newark-Jersey City, NY-NJ-PA

The borough of Ho-Ho-Kus is in central New Jersey, roughly an hour’s commute from Manhattan. It is a small community with a population of less than 5,000 people. There is nearly no poverty in the borough, with an estimated 0.7% of the population living below the poverty line. Nationally, 15.4% of the population lived below the poverty line.

many of the wealthiest cities, Ho-Ho-Kus’ levels of education surpassed national levels by a wide margin. Just under 98% of adults had at least a high school diploma, compared to 86% of adults nationwide.

An even larger gap was in higher levels of education as 71.3% of Ho-Ho-Kus’ adults had a bachelor’s degree or greater, well more than twice the national rate of 28.8%. In nearby Garfield, New Jersey, 18.

7% of adults had a bachelor’s degree.

> Median household income: $167,101

> Total population: 7,561

> Median home value: $581,400

> Metropolitan area: New York-Newark-Jersey City, NY-NJ-PA

Nearly 40% of households in the borough of Glen Ridge reported incomes of at least $200,000, compared to just 4.8% of households nationwide.

Areas with high median household incomes tend to consist of more married families than elsewhere in the country.

This was no different in Glen Ridge, where nearly three-quarters of households included a married couple, compared with less than half of households nationwide.

Most of these wealthiest communities have large populations of highly skilled workers. Virtually the entire adult population of the town had at least a high school diploma compared to 86% of adults nationwide. And three four area adults had at least a bachelor’s degree, compared with 28.8% of residents 25 or older nationwide.

> Median household income: $171,681

> Total population: 2,115

> Median home value: $820,800

> Metropolitan area: New York-Newark-Jersey City, NY-NJ-PA

Yet another New Jersey community to make this list of the wealthiest towns in America, Essex Fells is just a short drive west of Glen Ridge. Essex Fells is a very small community with a population of 2,115.

its neighboring wealthy communities, very few Essex Fells households reported low incomes. Just 0.7% of households earned less than $10,000, compared with 7.2% of households nationally. At the same time, 38.2% of households earned $200,000 or more, versus 4.

8% of all U.S. homes. High concentrations of high incomes are often found in regions with extreme income inequality. The nearby city of Newark, for example, had a nearly 30% poverty rate, 15.

6% of households earned less than $10,000, and just 1% earned $200,000 or more.

> Median household income: $172,951

> Total population: 27,006

> Median home value: $514,900

> Metropolitan area: Dallas-Fort Worth-Arlington, TX

Southlake, located roughly 25 miles northwest of Dallas, is one of two exceptionally wealthy communities in the proximity of the metro area.

While all but one other wealthy area on this list had a median home value of at least $750,000, Southlake had a relatively low median home value of $514,900.

Of course, that is still several hundred thousand dollars above the national median home value of $176,700.

many other especially wealthy U.S. areas, financial well-being in Southlake is not shared by many other communities in the region. In nearby White Settlement, for example, poverty levels are far higher and property values are far lower.

> Median household income: $173,520

> Total population: 23,460

> Median home value: $968,300

> Metropolitan area: Dallas-Fort Worth-Arlington, TX

As in most of the wealthiest American towns, more than 44% of households in University Park reported incomes of at least $200,000, many times the less than 5% of households across the nation.

High levels of education, which tend to open doors to higher paying employment opportunities, may account for many of the region’s high incomes.

While just under 29% of adults nationwide had at least a bachelor’s degree, nearly 84% of University Park adults had completed at least a bachelor’s degree.

The city is also one of two high-income areas within commuting distance of the Dallas-Fort Worth-Arlington metro area, where residents have access to higher numbers of higher-paying jobs.

> Median household income: $205,136

> Total population: 15,033

> Median home value: $781,300

> Metropolitan area: Houston-The Woodlands-Sugar Land, TX

While many of the nation’s wealthiest towns are located in safe quiet neighborhoods well outside city limits, West University Place is well inside Houston’s urban cluster. The city had a median home value of $781,000, far above a median of $176,700 nationwide.

Residents of these wealthy communities work in a high-skill and high-paying position, and West University Place is no different. The city is one of the most highly-educated communities in the country.

Effectively every adult had at least a high school diploma, and 86.5% had at least a bachelor’s degree compared to 28.8% of American adults.

More than 26% of West University Place workers were employed in professional, scientific, management, and administrative roles, compared with 10.6% of workers nationwide.

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> Median household income: $207,222

> Total population: 10,852

> Median home value: $1,000,000+

> Metropolitan area: San Francisco-Oakland-Hayward, CA

The second San Francisco suburb to make this list is Piedmont, which shares Alameda County with Oakland, located just a few miles away. These two cities are a model case of income disparity in small geographic areas. Oakland had an annual median household income of $52,583. In Piedmont, a typical household earned $207,222.

Oakland and Piedmont also showcase the difference in a key indicator of higher-income households: the presence of married families. While just 32.8% of Oakland households included a married couple, 76.9% of Piedmont households did.

Piedmont services the Bay Area, and those employed are much more ly to work in the professional and business sectors. More than one in four members of Piedmont’s workforce were employed in these type of traditionally higher-paying jobs compared with barely one in ten workers nationwide.

> Median household income: $211,250

> Total population: 12,273

> Median home value: $936,200

> Metropolitan area: Chicago-Naperville-Elgin, IL-IN-WI

all of the wealthiest communities, Winnetka’s population is highly-paid and highly-educated. All but 0.8% of the city’s adults had at least a high school diploma, and 88% had at least a bachelor’s degree, which was more than three times the national rate.

The Chicago metropolitan area, where Winnetka is located, is not known for having a particularly expensive housing market — the median home value there was just $206,300, 68th among large metro areas. In Winnetka, however, the median home value was $936,200.

> Median household income: $233,311

> Total population: 17,337

> Median home value: $1,000,000+

> Metropolitan area: New York-Newark-Jersey City, NY-NJ-PA Dollar Money Icon with Bag. Vector.

many especially wealthy communities, Scarsdale is located within commuting distance of New York City. Scarsdale, located in the famously-affluent Westchester County, tops this list with an annual median household income close to four and a half times the national median income of $53,046.

Many of the top-paid employees in the New York metropolitan area work in finance, and Scarsdale also has a high concentration of employment in the sector. While 10.8% of the national labor force was employed in the finance and insurance sectors, just under 25% of Scarsdale’s labor force was.

Homes are expensive in the New York area with a median value of $392,700. In Scarsdale, the median home was valued at more than $1,000,000.

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Here Are the 10 Richest Towns in America

10 Richest Towns In Middle America

See correction below.

Where do the richest Americans live? Short answer: the Northeast. Six 10 of the nation’s wealthiest zip codes come from Connecticut, Maryland, New York and New Jersey, while three more lie just to the south, in Virginia. Only one zip code west of the Mississippi—76092 in Southlake, Texas—cracks the top 10.

Using 5 year averages from the US Census Bureau, the data was compiled and visualized by FindTheBest, a research engine. (Note that this study was limited to zip codes with at least 10,000 residents.)

Here’s a heat map showing the nation’s richest zip codes, where darker is wealthier.

A few characteristics common to the top 10 (and most of the top 50):

Well-educated: about 80% of residents in the 10 wealthiest zip codes have at least a Bachelor’s degree, compared to only about 30% in the average American zip code.

Costly: at least 87% of residents in the 10 wealthiest zip codes pay more than $2,000 per month on their mortgage. Married: approximately 70% of residents in each of the wealthiest zip codes are married, compared to only about 50% nationally.

Caucasian: the wealthiest zip codes in the nation are overwhelmingly white, with one exception (see below).

Employed: none of the top 10 wealthiest zip codes have unemployment rates above 6.5%, and most are well under 5%.

#10: 22101 McLean, Virginia

57.8% of households make more than $150k

McLean is the most expensive suburb in the Washington metro area, home to many government officials and wealthy politicians.

McLean’s 22101 zip code isn’t just wealthy: it’s smart. Students in 22101 boast the best overall performance on the SAT, ACT, and AP exam compared to every other zip code on this list.

#9: 76092 Southlake, Texas

58.7% of households make more than $150k

Southlake is a wealthy suburb near Dallas-Fort Worth, home to Sabre Holdings, an S&P 500 company that owns Travelocity.

Southlake’s 76092 zip code is distinctive for several reasons.

Besides being the only top finisher out West, the zip code is tied for the most modern of the 10, with a median home construction year of 1995 (compare that to the national median, 1974).

It’s also the least educated of the top 10, with just 23.8% of residents holding advanced degrees (though that’s still over twice the national percentage of 10.6%).

#8: 06820 Darien, Connecticut

59.7% of households make more than $150k

Darien is a quiet town in southwest Connecticut made up of wealthy professionals, most of whom commute to Manhattan or other nearby cities.

Darien’s 06820 zip code is both very wealthy and very white. With 95% of residents identifying as caucasian, it’s the least diverse of the top 10.

#7: 21029 Clarksville, Maryland

62.2% of households make more than $150k

Clarksville is a wealthy community between Baltimore and Washington DC, home to some of the most expensive properties in the nation.

Clarksville’s 21029 zip code is the most diverse of the top 10, with a population 61% caucasian, 28% Asian and 7% African American. (The next most diverse—20854—is 74% caucasian, essentially the same as the nation as a whole.)

#6: 20854 Potomac, Maryland

62.4% of households make more than $150k

Sitting on the east bank of the Potomac River, Potomac is home to wealthy DC professionals and several nationally-ranked schools.

With 17.3% residents over 65, the 20854 zip code has more retirees than any other top 10 finisher. It’s also the largest (nearly 50,000 residents) and the most female (51.7%).

#5: 10514 Chappaqua, New York

63.7% of households make more than $150k

Once a modest farming town, Chappaqua is now a wealthy hamlet north of New York City containing wealthy professionals and Ivy League-bound students.

Chappaqua’s 10514 zip code, much of New York, is less car-dependant than the rest of America. More than one in three 10514 residents take public transportation to work, the highest proportion of the wealthiest 10 zip codes.

#4: 22066 Great Falls, Virginia

67% of households make more than $150k

While many Great Falls residents spend their days working in DC, their homes sit along the pricey desirable west bank of the Potomac River.

Among the top 10 wealthiest zip codes, Great Falls’ 22066 has the second highest percentage of homeowners (94.3% of residents own a house), as well as the second highest average number of cars (nearly 60% own at least three cars). Compare those figures to the national averages, where just 66% of Americans own a home and just 35% own three or more cars.

#3: 06883 Weston, Connecticut

67.3% of households make more than $150k

Weston is one of several wealthy towns in southwestern Connecticut, each known for affluence, low crime, great schools, big properties, and lots of open space.

The smallest of the 10 wealthiest zip codes, 06883 is home to 10,203 residents, just large enough to earn a spot in this study.

– rent over $1,500

#2: 22039 Fairfax Station, Virginia

67.8% of households make more than $150k

Fairfax Station lies just to the southwest of Washington DC, and several of the other zip codes on this list, is home to many DC professionals.

22039 is rich, old, and traffic-clogged. The zip code houses more middle-aged and elderly combined than the other nine cities on this list, while its average commute time—38.9 minutes—is the worst of the group. Car ownership may have something to do with this: over 10% of 22039 residents have 5 or more cars, the highest percentage of the bunch.

#1: 07078 Short Hills, New Jersey

69.4% of households make more than $150k

West of New York City, Short Hills is a quiet, affluent town, popular among wealthy NYC commuters.

A closer view of East Coast zip codes by household income:

Correction: The original version of this article contained inaccurate information about standardized test performance in the the 07078 zip code.

Student test scores in and around the Shorts Hills area are in fact among the best in the nation, not below the national average.

Upon further review, the low Public Schools Rating was a result of missing data from NJ’s Department of Education, not poor test performance. This portion of the article has been removed.

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Source: https://time.com/100987/richest-towns/

Here are the 10 richest towns in America

10 Richest Towns In Middle America

It may not be too surprising, but the richest town in the U.S. is within an hour's drive of San Francisco, according to one report.

Earlier this year, Bloomberg published its annual report on the 50 wealthiest towns in the U.S.

For its findings, the website analyzed data for places in the U.S. with a minimum of 2,000 households, the report said. Each place was ranked its average household income.

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Similar to the wealthiest, many of the top-10 towns are located close to major metropolitan areas.

The towns in second, sixth, eighth and ninth places are all within an hour drive of New York City, while the town in 10th place is close to Chicago.

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To see the full results, here are the 10 richest towns in the U.S., according to Bloomberg.

FOX Business also found each state’s average household income, data from the U.S. Census Bureau, from 2017.

10. Glencoe, Illinois

Glencoe’s average household income: $339,883

Illinois’ average household income: $61,229

Glencoe, Illinois, has about 9,00 residents and is located 20 miles north of Chicago, according to the village's  page. Glencoe was also where parts of “Ferris Bueller’s Day Off” and “Sixteen Candles” were filmed.

9. Bronxville, New York

Bronxville’s average household income: $340,448

New York’s average household income: $62,765

Bronxville, New York, is only 15 miles north of New York City, according to the village's website. It was incorporated in 1898, and today Bronxville has about 6,200 residents, the website says.

8. Darien, Connecticut 

Darien’s average household income: $341,090

Connecticut’s average household income: $73,781

Darien, Connecticut, is just about an hour away from New York City by car and had a population of 20,732 in 2010, according to the U.S. Census Bureau. According to the Encyclopaedia Britannica, the area was first settled by colonists in 1641.

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7. Highland Park, Texas

Highland Park’s average household income: $358,994

Texas’ average household income: $57,051

Highland Park, Texas, was first incorporated in 1913, according to the town website. It is just outside of Dallas and is only about 2.26 square miles in size, the website says.

The town has about 8,900 residents.

6. Short Hills, New Jersey 

Short Hills’ average household income: $367,491

New Jersey’s average household income: $76,475

Located in Millburn Township, New Jersey, Short Hills had a population of 13,165 in 2010, according to the Census Bureau. Just last year, Bloomberg listed Short Hills as the fifth-wealthiest town in the U.S.

Short Hills is also home to Greenwood Gardens, which is pictured above.

5. Hillsborough, California

Hillsborough’s average household income: $373,128

California’s average household income: $67,169

Hillsborough, California — just outside of San Francisco — was established in 1910, according to the town’s website. Hillsborough is also home to the famous Flintstone House.

According to The New York Times, the house’s owners were sued in March by the town for some of its unconventional yard decorations, including dinosaur statues.

4. Los Altos Hills, California 

Los Altos Hills average household income: $386,174

California’s average household income: $67,169

Los Altos Hills, California, is also just outside San Francisco and is just about 9 square miles in size, according to the town website. The town was incorporated in 1956, and today has a bit more than 8,000 residents, the website says.

3. Cherry Hills Village, Colorado

Cherry Hills Village’s average household income: $394,259

Colorado’s average household income: $65,458

Just south of Denver, Cherry Hills Village, Colorado, was incorporated in 1945, according to its page. In several of its posts about its John Meade Park, the village incorporates a stuffed muskrat named Max, which is apparently the park’s mascot.

According to Bloomberg, former Denver Broncos quarterback Peyton Manning lives in Cherry Hills Village.

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2. Scarsdale, New York 

Scarsdale’s average household income: $417,335

New York’s average household income in 2017: $62,765

Scarsdale, New York, is about an hour outside New York City and moved up one spot on Bloomberg’s list this year, according to the outlet.

Residents in the town had an average annual household income increase of about $30,000, Bloomberg reported.

1. Atherton, California

A mansion-style home in Atherton, California. (Photo by Justin Sullivan/Getty Images)

Atherton’s average household income: $450,696

California’s average household income: $67,169

For three years in a row, Atherton, California, has topped Bloomberg’s list of wealthiest towns in the U.S. Among some of its wealthy residents are ’s Sheryl Sandberg and Google’s Eric Schmidt.

Atherton was incorporated in 1923, according to its website. The town, which is just outside of San Francisco, had a population of 6,995 in 2011, the website says.

Source: https://www.foxbusiness.com/money/richest-towns-america-2019

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