Like many other especially wealthy U.S. areas, financial well-being in Southlake is not shared by many other communities in the region. ^ Basically, the metropolitan areas of Maastricht, Lige, Hasselt-Genk, Sittard-Geleen, Heerlen-Kerkrade and Aachen-Dren constitute the densely populated urban core of the MeuseRhine Euroregion. The area's median income surpasses incomes in the next wealthiest metro area nearby San Francisco by over $13,000. A number of the wealthiest metropolitan areas in the country can be found on the West Coast, and nearly all of these in California. Web^ Including the Belgian municipalities of Lanaken, Riemst and Maasmechelen to the west and Vis to the south. The typical Boulder household earns $74,615 a year compared to the $65,685 statewide median and the $57,617 median income nationwide. But even adjusting for the cost of living, Anchorage residents are still some of the wealthiest in the country. The median household income in a given city is closely tied to several factors. Just 26.1% of area adults have a bachelors degree, below both the 31.3% college attainment rate nationwide and the 39.3% rate statewide. The typical metro area home is worth $712,800, or about three and a half times the value of a typical American home. According to Henley and Partner's 2023 wealth report, cities like Austin, Texas, and Scottsdale, Arizona, are gaining millionaire residents, while bigger cities like Chicago, and New York City are losing them. (That said, the latest five-year ACS accounts for years 20142018. Goods and services in Kahului-Wailuku-Lahaina are about 7% more expensive than they are on average nationwide. Methodology: Data is from the U.S. Census Bureaus American Community Survey 2016 release of 5-year estimates and cities with populations under 20,000 were excluded from the list. New York has been a leader in the number of millionaires since the late nineteenth century when a survey in the New York Tribune in 1890 revealed a total of 4,047 millionaires in the city, and money has been talking in the city for decades. Cities and towns in the tri-state area of Connecticut, New Jersey and New York accounted for 36 of the 100 top spots, the most concentrated area of wealth of any region. Of course, that is still several hundred thousand dollars above the national median home value of $176,700. Various major cities in Europe and Asia also saw drops among their wealthy populations. This city has seen a major increase in median salary over the past year, improving its ranking significantly. Keep reading to find out more about the richest cities in the U.S. A suburb of Dallas/Fort Worth, Southlake had an estimated population of 31,292 people as of 2019, with 69.7 percent of adults holding at least a bachelors degree. Unemployment rates are from the Bureau of Labor Statistics and are as of March 2018, the most recent period for which data is available. The metropolitan area serving the district, which includes parts of Virginia, Maryland, and West Virginia, has a median household income in excess of $95,000. There are likely two reasons for this. For this reason, all data used are five-year estimates for the period 2009-2013. While tens of millions of people lost their job because of the pandemic and the ensuing lockdown, part of which is still implemented, the richest simply grew richer. An even larger gap was in higher levels of education as 71.3% of Ho-Ho-Kus' adults had a bachelors degree or greater, well more than twice the national rate of 28.8%. The city boasts a population in which 69.7 percent of adult residents have at least a bachelors degree. Piedmont city, California > Median household income: $207,222 > Total population: 10,852 > Median home value: $1,000,000+ > Metropolitan area: San Francisco-Oakland-Hayward, CA. The typical anchorage household earns about $25,000 more a year than the typical U.S. household income. It is a rural place to live but is only a little over an hour away from both Manhattan and the Hamptons, so its a great central location for commuters and beach lovers alike. California has relatively high salaries and a high cost of living, and San Diego is not an exception to either. High housing costs drive up the overall cost of living. But thats not all the city is known for. The typical Maryland household earns $78,945 a year, or $21,328 more than the typical American household. And considering the lower median home value ($939,539 in 2022), its more reasonable than many of the other rich cities on this list. Some 46.9% of area adults have a bachelors degree or higher, compared to 31.3% of American adults. Here is the list. The median household income of $77,613 in Santa Cruz-Watsonville is the 12th highest of any metro area in the country and the fourth highest in California. It has been home to many notable people, including John and Alice Coltrane. Some 10.9% of the metro area workforce are employed in finance, insurance, and real estate, nearly the highest concentration of any metro area. The typical metro area household earns $78,195 per year, in line with the $78,945 statewide median income both of which are well above the national median household income of $57,617. Over one in four workers in the metro area are employed in either the information or the professional, scientific, and management industries. where the concentration of wealthiest cities is the densest). They work in finance positions in New York City or Chicago, or in scientific or other professional careers in the San Francisco Bay Area. Dix Hills is in the greater Huntington area in Long Island, New York. Together, these two factorshigh college education and low poverty ratesare common among Americas richest cities (which will be apparent in the slides ahead). 25 of America's highest paying jobs. "Worldwide high-net-worth individual numbers were down by 5% in the six-month period to June 2022. High-income areas often have a high cost of living, and Santa Cruz-Watsonville is one of the most expensive places to live in the United States. Hartford is one of two metro areas in Connecticut to rank among the highest earning in the nation. According to Zillow, the typical home value in University Park is $1,792,211, with particular demand rising between 2020 and 2022. According to the report, in December 2022, West Palm Beach was home to 9,400 millionaires, 64 centi-millionaires, and six billionaires. New York City is home to more rich people than any other city in the world, according to a new report by investment migration consultancy Henley & Partners. Vector. Sign up now:Get smarter about your money and career with our weekly newsletter, Top 10 U.S. towns where millionaires are buying second homes3 of them are in Florida, I flew first class for the first time everheres why the upgrade from economy was worth it, Get Make It newsletters delivered to your inbox, Learn more about the world of CNBC Make It, 2023 CNBC LLC. Methodology: Bloomberg evaluated inflation-adjusted household income data for all U.S. "places", as defined by the Census, with a minimum of 2,000 households and ranked them based on average household income. Hearst Magazine Media, Inc. All Rights Reserved. Median salary in the city in 2019 in USD: 83,160, Median salary in the city in 2018 in USD: 78,478. The Essex Fells is a very small community with a population of 2,115. The city is one of the most highly-educated communities in the country. However, the cost of living is relatively high in the state thanks, in part, to the cost of transporting goods across difficult terrain. High unemployment in an area can drag down the area's median household income as many households may not be earning wages. Ho-Ho-Kus borough, New Jersey > 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 area also ranks among the wealthiest in the nation. Old Westbury lies in the heart of Long Island, about 30 miles east of midtown Manhattan. In 17 of the 25 cities on this list, the March jobless rate was equal to or lower than the U.S. figure. 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. Raleigh, N.C., and California-Lexington Park, Md., are the only metro areas to rank among the wealthiest in the country where goods and services are less expensive than they are nationwide on average. More:What's the best place to keep money you need to use soon? Thats one takeaway from the latestBloomberg analysisof2016 U.S. Census data. An 85-year Harvard study found the No. In Scarsdale, New York, the wealthiest city, 82.7% of households consisted of a married couple, and nearly half of those had children. San Jose covers much of Silicon Valley, a tech hub at the southern end of the San Francisco Bay Area. These places are havens for the nations elite, where median home values can exceed $1 million and large proportions of the households earn at least $200,000 annually. As is the case with most of the wealthy cities on this list, married families make up a much higher proportion of Orindas population. In Winnetka, however, the median home value was $936,200. Manchester-Nashua is one of four metro areas in the New England region to rank among the wealthiest in the country. The report said 623 have assets worth at least $100 million and 62 billionaires live in the city. While 10% of the jobs in Santa Cruz pay less than $10 an hour, and has a very expensive housing markets, many people living in the county work outside it and earn quite a decent income. Nearly 6,200 met the criteria. Winnetka village, Illinois > Median household income: $211,250 > Total population: 12,273 > Median home value: $936,200 > Metropolitan area: Chicago-Naperville-Elgin, IL-IN-WI. The median home value is $2.06 million. 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