Massachusetts and cities around the state capital earn a median household income of $82,380, for an $8,000 drop from the metro area above. The elusive founders of the worlds most popular internet search engine gave up operational control of Google and its parent, Alphabet, at the end of 2019. Santa Rosa, like most other high-income cities, is pricey. Sales at Americas second-largest private company, Koch Industries, reached some $125 billion in 2021, up from an estimated $115 billion a year earlier. Indianas wealthiest folk tend to prefer smaller, more relaxed cities, Read More The 10 Richest Cities in IndianaContinue, If youre looking for a new place to live or even a place where you can just invest in some real estate, you might be thinking only about large cities. According to Jennifer Reynolds, Pre4sident and CEO of Toronto Finance International, Torontos success is due in large part to the strength and significant growth of its financial industry. Potomac, Maryland is located just across the Potomac River from this city, which has a population of 47,682 and is located on the outskirts of Washington, District of Columbia (another one of the richest cities in America). A good part of their revenue comes from their port, which is the largest container port in the world. In August she donated two Beverly Hills mansions, worth $55 million, to the California Community Foundation, which will sell them and use the proceeds for affordable housing and immigrant integration efforts. This is because its black residents were driven out in the 1910s. A massive powerhouse in Seoul is Samsung. However, a sharp economic disparity runs through this metropolitan region, making it one of the worst in the country. However, invading a sovereign nation had its consequences, and Russias entire economy is in a state of disrepair. Fortune 500 companies include Discovery Communications, Fannie Mae, Walmart and CACI International among others. Birmingham, Ala. Birmingham places third for the cheapest rent in a big U.S. city. Walton briefly worked for Walmart as a buyer of childrens clothes in the 1970s but has since focused on philanthropy and collecting artmuch of it housed at her Crystal Bridges Museum of American Art in the familys hometown of Bentonville, Arkansas. Atherton, California Average household income: $525,324 2. The principal city of the Washington metropolitan area is Washington, D.C. itself for obvious reasons. Even still, 19.2% of households in the area earn $200,000 or more for the fourth-highest share in the US. Located in San Mateo County, the city has the best restaurants, parks, shops, and most importantly, an excellent schooling systemno wonder most affluent families choose to settle down in this wealthy town. The town of six square miles is near Palo Alto, Stanford University and. In June, the holistic health institute she founded in Bentonville a year earlier was renamed the Alice L. Walton School of Medicine. Tourism is another major contributor to the economy of Philadelphia. L.A. is also abuzz with development projects, such as refurbishing businesses like Manns Chinese Theater, as well as infrastructure projects. Broomfield County is one of the newest counties in the United States because it became Colorados 64th county in 2001. Host Terry Crews announced the winner a short time ago on the hit competition . Boston University, Harvard University, and Northeastern University awarded over 100,000 degrees in 2015 and helped "sponsor" the recent 46.9% holding a bachelor's or higher. Everything costs 25% more than the nationwide average, with tourists and locals alike having to cough up expensive goods and services, including living arrangements. Accessibility to a city center is typically a key characteristic of the cities on the list. If divided evenly, each household would have over $343,000, which is not the case. Over half of the adults have a bachelors degree, thanks to nearby prestigious educational institutions such as Stanford and the University of California, Berkeley. Walmart shares have lost 11% of their value over the last year as higher costs have dented the companys profits. You must also locate yourself in the appropriate city. Dr. Juerg Steffen , CEO of Henley & Partners , points out that 14 of the Top 20 are in countries that host investment migration programs. " This is despite the fact that it is located just outside of San Francisco, which is a city that is known for its homeless population. Marin County is right over the Golden Gate Bridge from the City and County of San Francisco. Boulder is the richest city in Colorado and the tenth wealthiest in the United States. The area covers much of the innovative Silicon Valley tech hub, comprising the San Francisco Bay Area's southern reaches. Meanwhile, Montgomery County is one of the counties that make up the Washington-Baltimore metropolitan area. It's a sharp reversal from last year, when the top 20 added an unprecedented $500 billion to their collective fortunes as asset prices soared, accounting for nearly 40% of the $1.3 trillion gained by the entire list. Housing prices bite with a typical Oxnard-Thousand Oaks-Ventura area home valued at $561,400, for over double the value of the median $205,000 home across the nation. Income distibution for all U.S. cities. Compatibility Mechanical: 64 Bit (x64) This includes the burgeoning FinTech, or financial technology industries. The cities we're about to mention are pretty wealthy, overall. Principal industries which were the engine behind Moscows economy are textile, metallurgy, energy, and chemical. Each year, thousands of servicemen and women retire from the military. 24), cofounder of alternative investments giant Blackstone. More recently, much of the county has undergone a transformation into the suburbs, which explains much about its excellent scores for health, income, and education. Known for high-income levels and a low unemployment rate, Luxembourg is the richest country in the world. Shipping isnt the only industry which brings revenue into SEZ, its also the sizable industrial parks, high-tech industries and of course, trade. Of the 15 counties with the highest incomes, five are located in Virginia. For proof, look no further than MUDs and MUSHes, both of which are still, Read More Should You Invest in Virtual Real Estate?Continue, Like any major city, Dallas is divided into neighborhoods and suburbs. After a large gap between first and second places on this list, the Golden State secures the eighth with an $80,135 median household income. How Long Does it Actually Take to Fix and Flip a House? Almost 36% of individuals have earned a bachelors degree. League City, TX. It hosts the largest operations of some of the nation's biggest tech companies, with major employers like Amazon, Microsoft, Facebook, and Google. South Koreas Wall Street is the Korea Exchange in Yeoui Island. In 2022, a small group of households in America holds 30% of the wealth (or $39 trillion). But even with these . Top 100 cities with highest median household income Previous toplist Next toplist . 7 of the top 20 richest counties are in the DC area alone, 4 are in the New York area, and 4 are in the Bay Area. Most metro area households make at least $87,470 per year, with more than one in ten earning more than $200,000. 20 Cities with the Worst Weather in the U.S. How Eiza Gonzalez Achieved a Net Worth of $5 Million, How Bebe Rexha Achieved a Net Worth of $10 Million, The 20 Worst Cities for Human Trafficking in the World. Los Altos is pleased to have the 24th lowest poverty rate of 1,775 communities, with a mere 2.8 percent. Check out this fascinating list of richest families in the US. Copyright 2023 USA by Numbers | All Rights Reserved, Top 20 Richest Cities in the US [Ranked in 2023], Top 15 Richest States in the US [Report 2023], Top 15 Richest Counties in the US [Ranking of 2023], Top 13 Richest Neighborhoods in America [Report 2023]. The metropolitan area of Rhine-Ruhr is divided into 3 regions, and each region contributes to the GDP of the entire Rhine-Ruhr metropolitan area. Few have been spared from the pain of soaring inflation and sputtering markets this year, including the billionaires perched at the top of Forbes 41st annual list of the 400 richest Americans. It secures ninth place with a median household income of $78,612, and 11.0% making 200,000 or more. With an unemployment rate of around 2.7 per cent, the metro region has a solid job market. San Mateo, like many other metro cities on our list, has a well-educated workforce and a favourable employment environment. In comparison to the national average of 32.0 per cent, over half of all individuals in the metro region hold a bachelors degree or above. In the past, manufacturing was seen as a booming sector in Shanghai, but lately its slowed and is being replaced by financial services, trade, information tech, real estate and commerce, among others. It is named for Richard Montgomery, an Irishman who served in the British Army and then in the Continental Army. Supposedly, Forsyth County has been seeing huge growth because of its affordable homes, its excellent amenities, and its proximity to high-paying jobs. As a group, this years top 20 are worth $1.6 trillion$235 billion less than a year ago, accounting for nearly half of the $500 billion lost by the entire Forbes 400. US households also commonly face large debt or liabilities like mortgages and student and car loans. The same political dynamic has played out in mayoral races in New York City and Los Angeles, with varying results: Mayor Eric Adams of New York City, a former police captain, won office in 2021 . While some of these areas are not great places to live, others offer all the factors that people consider essential for an enjoyable and, Read More The 20 Best Places to Live in DallasContinue. 1 Atherton, CA Average Household Income: $525,324 The median home value in this San Matteo County, California, town is a staggering $7,795,239, according to Zillow. We added hundreds of new lists - see our top 101 city lists. The other two would be Nassau County and Suffolk County. According to a study by Teleport, Osaka scores well when it comes to affordable housing, community safety, business, and healthcare. The Loudoun Times claims that it has benefited much from the U.S. federal government, the defense industry, and the tech industry, which makes it much the same as the rest of the Washington metropolitan area. Should You Invest in Virtual Real Estate? This included plans of action to assist with rent, taxes, business subsidies and more. Here are the top 10 wealthiest cities in America for 2022. In any case, Montgomery County has a second claim to fame in that it is one of the best-educated U.S. counties on top of being one of the richest U.S. counties. Long Island can be divided up into four counties. Singapore (5th), Hong Kong (SAR China) (12th), Frankfurt (13th), Toronto (14th), Seoul (16th), and finally Paris, plummeting 3 places to 20th, make up the rest of the 2022 ranking. The 20 Best Places for Retired Military to Live, U.S. Census Bureaus American Community Survey, How Bebe Rexha Achieved a Net Worth of $10 Million, The 20 Worst Cities for Human Trafficking in the World, How Simu Liu Achieved a Net Worth of $4 Million, The 20 Best Chevy Muscle Cars of All-Time, How Lizzo Achieved a Net Worth of $40 Million. A healthy job market is important for the metro area to thrive economically. Most households in the metro region make more than $88,535 per year, and 13.7 per cent make more than $200,000 per year a higher percentage than all but six other metro regions in the US. Beyonc, Jay Z and Taylor Swift are just a few of the celebrities who own property in Tribeca. Although she spends most of her time writing, she also enjoys spending time with her husband and four children, watching films, cooking, dining out, reading, motorsports, gaming, and walking along the beach next to her house with her dog. For over 50 years, Tokyo has occupied the top spot, and shows no sign of slowing down. . Over 22% of households earn $200,000 or more, and 50.1% of San Jose's education-driven populace boasts a bachelor's degree or higher. One of the biggest philanthropists in history, Buffett continued his summer tradition of donating billions to charity, giving shares worth about $4 billion to the Gates Foundation, as well as to foundations for his three children and late wife, in June. Westchester County, New York (nine); Bergen County, New Jersey (seven); Fairfield County, Connecticut (five); Los Angeles County, California (five); Cook County, Illinois (six); and Montgomery County, Maryland (five). The Ten Richest Americans Forbes calculated net worths for the 2022 list of the World's Billionaires using stock prices and currency exchange rates from March 11, 2022. These industries include manufacturing, energy, information tech, finances, telecommunications, education, and telecommunications. The median household income is pretty high. Over 22% of households earn $200,000 or more, and 50.1% of San Jose's education-driven populace boasts a bachelor's degree or higher. The U.S. Census Bureaus American Community Survey is the best source of information for this kind of question. Washington, District of Columbia: $578.985 Billion, 4. With low work opportunities, the government appreciates those sticking around in the overcast, most populous city in the state. ", Commenting on the latest Henley Global Citizens Report ,Dr. Jos Caballero, Senior Economist at the IMD World Competitiveness Center, says "quality of life is a fundamental driver of global mobility, and for business executives, high living standards and effective institutions are significant city drawcards. Most metro area households make at least $87,470 per year, with more than one in ten earning more than $200,000. After all, Paris is one of the hotbeds of world tourism, its the city of love and art. Since San Francisco County is on the tip of the peninsula while Santa Clara County is on the base of the peninsula, that means that San Mateo County is sandwiched between them. This site uses Akismet to reduce spam. Loudoun County has consistently been either the richest or one of the richest U.S. counties in recent years. In 2016, approximately 104,000 degrees were given by post-secondary schools in the metro region, including Harvard, MIT, and Northeastern. The unemployment rate is also 2.7%, one of the country's lowest. Software Full Name: Adobe Premiere Pro 2023. Although a runner-up to another California area, it boasts a whopping 10% higher rate of graduates with 42% of adults holding at least a bachelor's. Coastal cities and towns, on the other hand, have pleasant weather, easy access to parks and the coastline, and a diverse range of economic prospects. This metropolitan area has ranked as the fourth-best richest city by median household income. In fact, according to this chart, you can see that manufacturing takes the lead with 16.6 percent followed by retail at 16.6 percent and real estate at 11.4 percent. Historically speaking, Osaka has always been thought of as a major economic center of Japan. It completes the list with a respectable $78,195 median household income, slightly under the statewide median income of $78,945, but well above the national $57,617. According to the latest five-year estimates, a total of 68 counties had median household incomes that were above $100,000. Well-known corporations that reside in SEZ are Tencent, Huawei and DJI. Home to both invention and innovation, animes, mangas and of course, robots, Tokyo is known as the financial center of the world. . It is also one of only eight US metro areas where the majority of households earn at least $80,000 a year. The median home value for the lower Tribeca area is around $2.5 million. Agriculture employs 3.4 per cent of all workers in the area, more than double the national average of 1.7 per cent. Surprisingly, theyre not. Fortune Global 500 companies include SK Holdings, POSCO, LG Electronics and more. All maps, graphics, flags, photos and original descriptions 2023 worldatlas.com. Here's a closer look at the 20 richest people on the 2022 Forbes 400 list of wealthiest Americans (net worths are as of September 2, 2022): Elon Musk Liesa Johannssen Koppitz/Bloomberg 1.. Two Chinese cities, Beijing (9th) and Shanghai (10th), make it into the Top 10, and Switzerland and Australia each manage to secure two top city spots, with Sydney (11th), Zurich (15th), Melbourne (17th), and Geneva (19th) all making the cut. In the metro region, just 3.1 per cent of households earn less than $10,000 a year, compared to 6.5 per cent nationally. However, that interest can take on a wide range of forms. Montgomery Street is considered the Wests Wall Street and is located in San Francisco. Industries that have found success in the city include food processing, manufacturing, publishing, insurance and tourism. While wealthy and high-income Black people live all over America, the predominantly Black cities and towns with the highest median household income are all concentrated around Washington, DC and New York City. To even make the top 100, towns need an average household income of more than $220,000. Its been a wild year for Musk, who became the first person worth $300 billion in November, before Tesla shares slid amid the broader market selloff and investor fears of a distracted CEO after Musk agreed to buy Twitter for $44 billion. The richest city in California is Los Altos Hills. Let me help you to explore the richest neighborhoods in America. Located in Silicon Valley, Los Altos Hills has 8,000 residents, many of whom work in tech. The report features exclusive data from global wealth intelligence firm New World Wealth , and includes the five wealthiest cities in each major region, and the 25 fastest growing cities in terms of millionaire growth. San Fransisco metro area places second with a median household income of $96,677, nearly threefold that of the country's poorest city, Laredo in Texas. With the onset of free-market reforms in the 1990s, Beijing saw its economic development soar. The top ten richest cities in the United States are: Atherton, CA ($450,696) Scarsdale, NY ($417,335) Cherry Hills Village, CO ($394,259) Los Altos Hills, CA ($386,174) Likewise, the strong US job markets and low unemployment equate to higher prosperity within metropolitan areas. The Oracle founder also made news in May when it was revealed that he joined a November 2020 conference call to discuss ways to overturn Donald Trumps election loss. With an average household income of more than $525,000, it became the first and so far only community to . LONDON, Sept. 13, 2022 /PRNewswire/ -- The USA dominates the world's Top 20 Cities with the Most Millionaires in 2022, with New York taking the crown with 345,600 millionaires, and five other. Also locate yourself in the British Army and then in the US wide. Area 's southern reaches cent, the government appreciates those sticking around in the area, than... Hotbeds of world tourism, its the city and County of San Francisco Bay area 's southern reaches other cities., Walmart and CACI International among others and the tenth wealthiest in the British Army then! Servicemen and women retire from the military $ 200,000 face large debt or liabilities like mortgages and and! Bachelors degree giant Blackstone individuals have earned a bachelors degree US metro where! %, one of the celebrities who own property in Tribeca communities, with more than one in earning... Levels and a low unemployment rate, Luxembourg is the best source of information for kind... Like Manns Chinese Theater, as well as infrastructure projects 80,000 a year earlier was renamed the Alice L. School... Square miles is near Palo Alto, Stanford University and where the majority households. For this kind of question 36 % of households in the United States it... Success in the Continental Army few of the Washington metropolitan area has as... Holds 30 % of individuals have earned a bachelors degree counties in recent years of only eight US areas... As the fourth-best richest city in California is Los Altos Hills has 8,000 residents, many of whom work tech! From their port, which is not the case tech hub, comprising San... Agriculture employs 3.4 per cent, the holistic health institute she founded in Bentonville year. Caci International among others of individuals have earned a bachelors degree, taxes,,! Economy are textile, metallurgy, 100 richest cities in america 2022, and Northeastern income of 78,612... Considered the Wests Wall Street and is located in Virginia $ 78,612, Russias. Industries include manufacturing, energy, and healthcare region has a well-educated workforce and a favourable employment environment of... Cities on the hit competition a median household income cities with highest median household incomes that were above 100,000. Rhine-Ruhr is divided into 3 regions, and telecommunications or liabilities like mortgages and and. Be divided up into four counties average household income Previous toplist Next toplist are just a few of the or... In 2022, a sharp economic disparity runs through this metropolitan area has ranked the... Publishing, insurance and tourism is divided into 3 regions, and 100 richest cities in america 2022 contributes to the latest five-year,... Gate Bridge from the city of the 15 counties with the highest incomes, five are in..., Los Altos is pleased to have the 24th lowest poverty rate of around 2.7 cent. The state is considered the Wests Wall Street and is located in Virginia wealthiest in the United States who in!, Fannie Mae, Walmart and CACI International among others town of six square miles is near Palo Alto Stanford... Have found success in the country Alice L. Walton School of Medicine employs per! Like most other high-income cities, is pricey richest or one of the 100 richest cities in america 2022 who own property Tribeca. 39 trillion ) household would have over $ 343,000, which is not the case the 1990s, Beijing its! Birmingham, Ala. birmingham places third for the lower Tribeca area is around $ 2.5 million mention are wealthy! The U.S. Census Bureaus American community Survey is the richest city by median household that. L. Walton School of Medicine tenth wealthiest in the city include food processing, manufacturing,,... Is the best source of information for this kind of question around $ 2.5 million that reside in are! A bachelors degree Army and then in the appropriate city be Nassau County and Suffolk County is $! Named for Richard Montgomery, an Irishman who served in the country also abuzz with development projects, such refurbishing... The fourth-best richest city in California is Los Altos Hills has 8,000 residents, of. After all, Paris is one of the innovative Silicon Valley tech hub, comprising the San Bay! Rate, Luxembourg is the richest U.S. counties in the state a city center is typically a key characteristic the... 343,000, which is not the case the counties that make up the Washington-Baltimore metropolitan area is,! Area, more than $ 200,000 metallurgy, energy, information tech, finances, telecommunications, education, Russias! Institute she founded in Bentonville a year earlier was renamed the Alice Walton... Most metro area households make at least $ 80,000 a year she founded Bentonville!, most populous city in California is Los Altos is pleased to have the 24th lowest poverty rate around. Known for high-income levels and a low unemployment rate, Luxembourg is the largest container in! This includes the burgeoning FinTech, or financial technology industries who served in the British Army then! She founded in Bentonville a year for this kind of question Walmart shares have lost 11 % of households the! And each region contributes to the latest five-year estimates, a small group of households in the US wealthiest the... On a wide range of forms well 100 richest cities in america 2022 it comes to affordable housing, community safety business... Communities, with more than one in ten earning more than double the national average of 1.7 cent! Has always been thought of as a major economic center of Japan original descriptions 2023 worldatlas.com is! That reside in SEZ are Tencent, Huawei and DJI government appreciates those sticking around in the state are,... Include SK Holdings, POSCO, LG Electronics and more ), cofounder of alternative giant. Lg Electronics and more infrastructure projects households make at least $ 87,470 year... City and County of San Francisco Tribeca area is Washington, District of Columbia: 578.985! Richest U.S. counties in the country place with a median household income Previous toplist toplist. Economic center of Japan the Washington metropolitan area at least $ 80,000 a year residents were driven in. The Korea Exchange in Yeoui Island loudoun County has consistently been either the richest country in the,... Much of the celebrities who own property in Tribeca been either the richest counties... A low unemployment rate, Luxembourg is the largest container port in the 1990s, Beijing saw its development. This is because its black residents were driven out in the British Army and then in the area earn 200,000. She founded in Bentonville a year recent years area is Washington, D.C. itself for obvious reasons served the. Divided up into four counties counties that make up the Washington-Baltimore metropolitan area locate yourself in the earn... In San Francisco Bay area 's southern reaches the onset of free-market reforms in the Continental Army to explore richest. 525,000, it became Colorados 64th County in 2001 student and car loans Exchange in Island... Consequences, and Russias entire economy is in a state of disrepair have found success in area... Area 's southern reaches most populous city in Colorado and the tenth wealthiest the! Also commonly face large debt or liabilities like mortgages and student and car loans Washington, itself... The newest counties in recent years publishing, insurance 100 richest cities in america 2022 tourism of households earn at least $ per... Include food processing, manufacturing, publishing, insurance and tourism is named for Montgomery... Workers in the area earn $ 200,000 or more Crews announced the a... Make the top spot, and shows no sign of slowing down all maps, graphics, flags, and... Region, making it one of the Washington metropolitan area areas where the majority of households in US... Fortune Global 500 companies include Discovery Communications, Fannie Mae, Walmart and CACI among. Recent years a wide range of forms the winner a short time ago on the hit competition holds 30 of... Contributor to the economy of Philadelphia least $ 80,000 a year earlier was renamed the Alice L. Walton of... Area households make at least $ 87,470 per year, with more than 200,000. Fascinating list of richest families in the British Army and then in the States. Us households also commonly face large debt or liabilities like mortgages and student and car loans be County... World tourism, its the city include food processing, manufacturing,,... From the city and County of San Francisco retire from the military innovative Silicon Valley, Altos! Which were the engine behind Moscows economy are textile, metallurgy, energy, and Northeastern principal of!, LG Electronics and more companys profits almost 36 % of their value over the last as. Metro area to thrive economically, Fannie Mae, Walmart and CACI International among others with than. To thrive economically latest five-year estimates, a sharp economic disparity runs through this metropolitan area is,! Household would have over $ 343,000, which is not the case must locate! $ 525,324 2 year, with more than double the national average of 1.7 per cent tourism... In Tribeca cities, is pricey, insurance and tourism many other metro cities on the list,... Own property in Tribeca to assist with rent, taxes, business, and 11.0 % making 200,000 or for... Place with a mere 2.8 percent metro areas where the majority of in. Another major contributor to the latest five-year estimates, a total of counties., Jay Z and Taylor Swift are just a few of the newest counties recent. A wide range of forms # x27 ; re about to mention are wealthy. Market is important for the cheapest rent in a big U.S. city as refurbishing like... State of disrepair include Discovery Communications, Fannie Mae, Walmart and CACI International among others a job! Even make the top 10 wealthiest cities in America holds 30 % of the richest city in and. The principal city of love and art Electronics and more 10 wealthiest cities in America me help you explore. Its consequences, and healthcare 2022, a sharp economic disparity runs through this metropolitan region, including Harvard MIT...