America is one of the richest nations in the world. Several tech billionaires, like Facebook and Google, top universities like Stanford University, and multi-billionaire industries like Tesla, have their headquarters here. The country is also known for large, and grandly build lavish homes and private lots. All this is making America one of the wealthiest nations in the world. Several towns in America are considered the richest across the globe.
The income of most American households has increased since the massive recession in 2008. This has resulted in an increase in income disparity throughout the country and has led some towns to become wealthier. There are a few US suburbs and towns that are home to huge amounts of concentrated wealth. In these towns, the average household income is calculated to be thrice or even four times as compared to the national median of $57,600.
Atherton, New York, Connecticut, and New Jersey, are the leading towns in the US that have witnessed a large concentration of wealth. Looking at the average household income, we have compiled a list of richest towns in the country using data from the American Census Bureau’s American Community Survey. This survey evaluated inflation-adjusted household income data for America.
Here is the list of top 14 wealthiest towns in America as of May 2020
1. Atherton, CA- Average household income – $450,696
Atherton is the richest town in America. The average household income of people in this town is calculated as $450,696. This town is located between San Francisco and San Jose.
The median house value in this town is an astounding $6,400,000. Atherton is well-known for its technological billionaire residents that include Eric Schmidt, Meg Whitman, Sheryl Sandberg, and the past CEO of Hewlett-Packard.
According to the “Yearly Index of Bloomberg Richest Places” made in 2017, Atherton town was ranked on the first place in this index. The Mayor of this town, Bill Widmer, said that the town has expansive sizes of a lot that are spread at a distance of one acre and surrounded by tree-lined streets that provide heightened privacy to the residents. Also, some of the industry giants that include Google, Facebook, and Stanford University are located at a short distance.
2. Scarsdale, NY- Average household income – $417335
Scarland is located in New York, to the north of Manhattan in America. It is a very small town that has a population of only eighteen thousand. The place is officially a village, as well as the town. The residents of Scarsdale enjoys an average increase of $30,000 in yearly household income from 2016 that has made it to the second position in this list. This town has an average household income of $417,335.
Scarsdale has been the home to some of the noteworthy figures that include actress Judy Garland, Susan Lucci, actor, and director Rob Reiner, former U.S. Attorney Preet Bharara, and NPR legal communicator Nina Totenberg. The Mayor of Scarsdale, “Dan Hochvert,” says that the town provides an outstanding school system, health facilities, and other utilities.
Some of the top sights that are major attractions for people are Saxon Woods Park, Broadway, Greenburgh Nature Center, Sprain Ridge Park, Central Park Avenue, and more.
3. Cherry Hills Village, CO- Average household income – $394259
Chris Hills Village stands at the third place on the list. The town has a population of around 71,000. The average household income of people in this town is $394,259. This village is situated at a distance of eight miles from Denver, Arapahoe County, Colorado. The place is home to former top NFL quarterbacks Peyton Manning and John Elway. The median value of the house in Cherry Hills Village is computed as $2,000,000.
Chris Hills Village is home to some of the highly esteemed educational institutions that include Harris School of Business, Anthem Institute, and Strayer University.
4. Los Altos Hills, CA- Average household income – $386174
With an average household income of $386,174, Los Altos Hills, CA, is the fourth richest town in America. The population of this town is 28,900. This town has preserved a rural character that induces its agricultural past despite its latest infusion of money from Silicon Valley.
Some of the noteworthy figures live in Los Altos Hills. These include former key League Baseball player named Barry Bonds and a technological entrepreneur named Steve Kirsch. Some of the top places worth watching in this town are Redwood groove nature preserve, Rancho san Antonio preserve, Los Altos History Museum, Shoup Park, Stevens Creeek and more.
5. Hillsborough, CA- Average household income – $373128
Hillsborough is a town located in California in America. The town is one of the richest nations in America, with an average household income of $373,128.
Located at a distance of seventeen miles from San Francisco, Hillsborough is renowned for the presence of several prime mansions in US architectural history. These include Carolands developed by Harriet Pullman Carolan; the Western White House, developed by George Randolph Hearst; and the Sidney Bazett Residence, built by Frank Lloyd Wright. The abundance of malls, parks, cafes gives a dense sub-urban feel to the residents and visitors alike.
6. Short Hills, New Jersey- Average household income – $367491
Short Hills, NJ, is the sixth richest town in America that has an average household income of $367,491. With an area of 13.5 sq.km, it is an unincorporated community that widely serves as a commuter town for all of its residents who work in NYC. This is a very small town that has a population base of only 13,134 people.
The median value of the home in this suburb of New York City is below $1,500,000. The first book of Phillip Roth, named ‘Goodbye Columbus,’ was set in Short Hills, NJ. Some of the noteworthy Americans that live in this town are fashion designer, ‘Rachel Zoe’, and actress ‘Anne Hathaway.’
Located close to New Jersey, Short Hills is a sparsely populated place that provides a suburban feel to people. Some of the popular places to visit in this town are Old Short Hills Park, Turtle Back Zoo, Thomas Edison National History Museum, Branch Brook Park, The Newark Museum of Art, and more.
7. Highland Park, TX- Average household income – $358994
Highland Park, TX, is one of the richest towns in America. Due to its average household income of $358,994, the place is ranked at a seventh position on the list. The place has a population of around 14,164. The town was incorporated on March 15, 1905. The total area of the town is 4.711 square km.
Located in Illinois, this Dallas suburb is known to the first self-contained shopping area in America. This town was built in 1931. It was designed by famous architects, James B. Cheek, and Marion Fresenius Fooshee. Highland park resembles a Spanish Revival style. It has its place on the National Register of Primitive Places of historical significance. Another feature that highlights this town is that it serves as a filming site for the hit TV show of the 1980s named “Dallas.”
8. Fairfax County, Connecticut- Average household income – $341090
We have Fairfax County on the eighth position on the list of wealthiest towns in the United States. The average household income of this town is calculated as $341,090. This Fairfax County, Connecticut, is only thirty-seven miles from NYC. The town shares its borders with Arlington County and the city of Alexandria. It forms a section of the suburban ring of Washington, D.C. The total population recorded in this town is 11.5 lakhs.
The rich people who stay in this town find the place beautiful and very much comfortable. There is a total of eleven parks, two public beaches, and various private clubs that provides you opportunities to indulge in yachting and golf. The median value of the home in this place is $1,325,500. Some of the popular destinations in this town are Mount Vernon, McLean, Reston, Falls Church, Vienna, Great Falls, and more.
9. Bronxville, NY- Average household income – $340448
With an average household income of $340,448, Bronxville, NY, is ranked as the ninth richest town in America. Like other affluent towns, several distinctive highlights make this town a wonderful place to live in.
Bronxville is a southern Westchester County, NY, that is located only fifteen minutes distance from Midtown Manhattan. It implies that its resident gets convenient access to this city and as well as the accessories of this wealthy small-town. Several things attract people to this place.
It includes delightful residential architecture, several prestigious public schools, as well as a walkable town center. Bronxville has been home of President John F. Kennedy that has stayed in this town for some years. Moreover, there are a few other notable residents of the town that includes Elizabeth Custer, and television anchor Ed McMahon.
10. Glencoe, IL- Average household income – $339,883
Glencoe, IL, is ranked as the tenth top wealthiest towns in America. The place offers an average household income of $339,883. Glencoe is the North Shore Chicago suburb located in Cook County of Illinois.
This is another alluring place in the US that houses the Chicago Botanic Garden, four natural areas, a 385-acre museum of living plants with twenty-seven gardens, and six miles of lake coastline. In addition to these scenic places, Glencoe is also featured in two classic films of John Hughes, Sixteen Candles, and Ferris Bueller’s Day Off. The scenes in these two movies were shot in this town.
11. The Village of Indian Hill, OH- Average household income – $338,267
With an average household income of $338,267, The Village of Indian Hill, OH, is the eleventh richest town in America. It is situated at a distance of less than fifteen miles outside of Cincinnati.
This Hamilton County was built in the twentieth century by a dozen of affluent businessmen who have already possessed property in the town. Presently, the median house value of the town (that was an agricultural village in the past) is more than $1 million.
12. Greenwich, CT- Average household income – $336,692
Greenwich, CT, is one of the richest towns in America that has an average household income of $336,692. The town is ranked in the twelfth position on this list. The Old Greenwich Station was developed in 1872. It is a traveler rail station that transports residents to close by New York City.
Greenwich CT is ranked on the “National Register of Historic Places.” Itis located on Long Island Sound. In the nineteenth century, the town was called Sound Beach. Presently, Greenwich CT also has the largest beach named” Tod’s Point”. It is public property and a major attraction for people.
13. Winnetka, IL- Average household income – $331,231
The thirteenth richest town in America in Winnetka, IL. The average household income of people in this town is computed to be $331,231.
Winnetka, a Cook County, located in Illinois, is home to some of the leading media and business personalities in the world. Winnetka is the residence of various recognized celebrities that includes Charlton Heston, Virginia Madsen, Chris O’Donnell, and Rock Hudson.
This town has also been a preferred place for several famous architects for the construction of residential sites, and churches. These include Howard Van Doren Shaw, George Washington Maher, David Adler, and Solon S. Beman. Due to several beautiful and panoramic views, the famous director John Hughes has shot his movie “Home Alone” in this town.
14. West University Place, Texas- Average household income – $330,459
The last richest town on our list is West University Place, Texas. The average household income of this place is $330,459. The town is located at a distance of seven miles from Houston. It was built in the year 1917. West University Place got its name due to the nearness to an esteemed University in the United States, “Rice University.”
A majority of the streets in this town are named after writers, that includes Geoffrey Chaucer, William Shakespeare, and John Dryden. Two notable players also live in West University Place town. This consists of a former baseball sportsperson, ‘Craig Biggio’, who plays for the Astros Houston baseball team, and an NFL player named Brian Cushing.
So, if you are wondering where do wealthy Americans live, then the above list is the answer. All the above richest nations in America that provide high standards of living, that includes superior level education, advanced medical facilities, high incoming earning jobs, technological innovation, and more. These are the largest factors that determine their income.