The average household in a metro region makes $86,652 a year, almost $17,000 more than the average American home. San Mateo is the richest city in Colorado and the tenth wealthiest in the United States. Long Island can be divided up into four counties. Just that is enough to make Santa Clara County one of the richest counties in the United States beyond the shadow of a doubt. The 6,250 cities that met the criteria were then ranked based on their average household income to determine which cities were the 100 richest in the United States. Only 32.2% of adults boast a bachelor's or higher, enough for the state's most demanded service jobs; fishing and tourism. Some of the stores were also victims to the series of mass looting incidents that plauged major cities in 2021 and 2022. . Prior to start Adobe Premiere Pro 2023 Free Download, ensure the availability of the below listed system specifications. The secretive siblings, whose grandfather created the Milky Way bar in 1923, together own an estimated two-thirds of Mars Inc. Jacqueline helped fund a sculpture of 140 migrants and refugees that was recently unveiled in a plaza at the Catholic University of America in Washington, D.C. Warren Buffet, Mackenzie Scott, Elon Musk, Illustration by Wesley Bedrosian for Forbes. It is home to an impressive 48.5% of adults with a bachelors degree or higher and 19.5% of households that earn $200,000 or more. The metro region has a well-educated workforce (almost 44% of persons in the metro region hold a bachelors degree or above) as well as a number of high-paying businesses. 24), cofounder of alternative investments giant Blackstone. Seattle and satellite cities comprise one of the many wealthy metro areas along the west coast. Shipping isnt the only industry which brings revenue into SEZ, its also the sizable industrial parks, high-tech industries and of course, trade. With tourism to back them up, the hard-working population boasts the nation's lowest unemployment rate of 1.9%. Boulder is the richest city in Colorado and the tenth wealthiest in the United States. On the whole, Howard County can boast of much the same things as many of the other names on this list, which is to say, affluence combined with a high quality of life. Learn how your comment data is processed. It hosts the largest operations of some of the nation's biggest tech companies, with major employers like Amazon, Microsoft, Facebook, and Google. Read More The 20 Best Places for Retired Military to LiveContinue. San Francisco has one of the finest educated populations among metro regions in the country, and its incomes tend to climb with educational attainment. 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. Supposedly, one of the reasons for Williamson Countys high income is the number of musicians and other well-known individuals who have homes in the region. And this top 5% of the list can still lay claim to 40% of the $4 trillion in total wealth of the 400 richest Americans as of September 2 (the date Forbes calculated net worths for the 2022 list). Boulders unemployment rate of 2.5 per cent is far below the national unemployment average of 3.8 per cent, and over two-thirds of individuals have a bachelors degree or above, compared to less than a third of Americans. Chances are good that interested individuals can guess that Bergen County sees a lot of traffic to and from New York City, so much so that Mental Floss says that the George Washington Bridge connecting the two is the busiest motor vehicle bridge in the entire world. 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. However, that isnt the case. Atherton is close to San Francisco, Scarsdale is close to New York City, and Cherry Hills Village is close to Denver. 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. Top 100 cities with highest median household income Previous toplist Next toplist . 1. After adjusting for inflation, the average households purchasing power is around $63,900, which is just slightly higher than the national median yearly household income of $60,336.This town is home to the University of California, Santa Cruz, and roughly 44% of adults hold a bachelors degree. Unemployment is low, education is high, and incomes that are out of this world. Industries critical for L.A.s economic success include entertainment, international trade, gaming, tourism, fashion and more. The last is the biggest of the lot because it takes up two-thirds of Long Island. If divided evenly, each household would have over $343,000, which is not the case. New York City, USA: $1,330.000 Billion. Looking at the richest counties in the U.S., the No. The close proximity of Southlake to the Dallas Fort Worth International Airport, which opened in the 1970s and fueled the areas explosive growth throughout the 1980s, 1990s, and 2000s, is a major contributor to the citys current high standard of living. The richest cities in the world are determined by their gross domestic product, or GDP. The majority of households in the metro region make at least $94,027 a year, with 12% earning more than $200,000. Walton immediately became the richest NFL owner when he outbid groups led by fellow billionaires Josh Harris, Mat Ishbia and Jose E. Feliciano to buy the Denver Broncos in June for $4.7 billionthe most ever spent on a sports franchise. New Zealand confirmed that Page gained residency in the country, while the press feasted on reports that Brin filed to divorce his second wife in January after rumors of a brief affair with Elon Musk. The top ten richest cities in the United States are: Atherton, CA has the highest average household income of $450,696, more than seven times higher than the national median income. Unlike so many other cities bending under the weight of a post-pandemic world, Houstons economy hs gotten stronger. Paris is also home to several Fortune Global 500 companies such as, BNP Paribas, Peugeot, CNP Assurances, SNCF, Vivendi and more. Educational attainment is associated with better earnings, and roughly half of all individuals in the Boston metro region hold a bachelors degree or above. Liz Flynn has worked as a full-time writer since 2010 after leaving a career in education. Fortune Global 500 companies include SK Holdings, POSCO, LG Electronics and more. South Koreas Wall Street is the Korea Exchange in Yeoui Island. Fortunately, Calvert County has fared much better than its ill-fated namesakes, being one of the richest counties in the Washington-Baltimore metropolitan area and beyond. New! Companies that have offices in Boston include BNY Mellon, Goldman Sachs and Microsoft. Zhongguancun is considered the Silicon Valley of China and is deeply rooted in the electronics and high-tech industries such as Microsoft, Sony and Google. Tourism is another major contributor to the economy of Philadelphia. Due to heavy investment into research and development, high-tech companies in Shenzen have consistent government support. Founded in 1630, Boston is one of our countries oldest cities. Patagonia, an outdoor apparel brand, is also located here. Despite a sizable drop of over $5,000 from the previous area, Fairfield County still fairs well in fourth place with a $90,123 median household income. The result is a county with a large, affluent population. This includes the burgeoning FinTech, or financial technology industries. These are of very low quality and should be avoided. Setup File Name: Adobe_Premiere_Pro_v23.2..69.rar. Manufacturing and processing, renewable technology, and life sciences are all promising industries in the region. Also known as the Prairie State, Illinois borders the Mississippi River and Indiana. In fact, 14 out of 20 are located in Prince George's County, MD, which had been considered the wealthiest Black county until 2020. With a median income of $251,000 at the beginning of 2022, the town just edges out Woodside and Hillsborough. Fairfax County is very populous, so much so that it is the most populous part of Virginia, the Washington metropolitan area, and even the Washington-Baltimore metropolitan area. With low work opportunities, the government appreciates those sticking around in the overcast, most populous city in the state. Sales at Americas second-largest private company, Koch Industries, reached some $125 billion in 2021, up from an estimated $115 billion a year earlier. There isnt much need to introduce the City and County of San Francisco. Over a quarter of its workforce is in IT, or professional, scientific, and management industries, compared to the nationwide 13.5%. The median home value is $444,500 with the median household income of $97,053. 2017. Chevy Chase Village, MD (pop. That said, there are a few things that can be measured objectively: school quality, median household, Read More The 20 Best Places to Live in ColoradoContinue, Youd expect the richest people in Indiana to be clustered around Indianapolis. ", 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. Highland Park, Illinois, number 100 on the list, has an average household income of $209,000, more than three times higher. Top 5 fastest-growing U.S. cities for millionaires Austin, Texas West Palm Beach, Florida Scottsdale, Arizona Miami, Florida Greenwich and Darien, Connecticut The No. Known as a center of learning due to the many high caliber universities in the city such as Osaka and Kansai universities, Osaka attracts creative and innovative industries. Apart from the national monuments and presidential residences, the region is home to Georgetown University and other prestigious educational institutions. 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]. Some 75% of aggregate household assets are financial, like stocks, mutual funds, retirement accounts, and owned businesses. The Forbes Philanthropy Score 2022: How Charitable Are The Richest Americans. Let me help you to explore the richest neighborhoods in America. 22), whose stake in Warner Music Group lost nearly 30% of its value in the last 12 months, and Stephen Schwarzman (No. On average, goods and services in the Santa Cruz metro region cost around 25% more than they do nationwide. Wealth is net worth, which accounts for assets minus debt. Check the list below if you are looking for the richest cities in the US. Fortune Global 500 companies in Tokyo include: Honda Motors, Hitachi, Sony, Mitsubishi and more. Douglas County couldnt be better positioned in the state of Colorado. The average household in this state earns $85,000 more than in any other state. Adding to the diversity are biotech companies and information technologies. Everything from financial services, fashion, digital media, the food/beverage industry and tech found a home in Toronto. Here are the top 10 richest places in the U.S., according to Bloomberg: 1. 1. Located in the Santa Clara Valley, San Jose is the richest metro area by far, with a median household income of $110,040, surpassing the runner-up by over $13,000. 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. Urban Honolulu's median household earns $80,513 a year, and 10.1% of households earn $200,000 or more. The full top 10 is provided below: 1.) Here are the top 10 wealthiest cities in America for 2022. The years biggest money loser was Mark Zuckerberg, who dropped out of the top 10 for the first time since 2014 as shares of Meta Platforms (formerly Facebook) cratered by 57%, helping lop nearly $74 billion off his fortune. Through his VC firm, he has invested in everything from digital media company Overtime Sports to Wildtype, which makes seafood from fish cells. In all, Scott has donated $12.6 billion since June 2020. Other than that, there is Arlington, though it is amusing to note that Arlington doesnt enjoy the status of a city in the Commonwealth of Virginia. Specifically, it occupies the northeastern corner of the state of New Jersey, meaning that it is situated across the Hudson River from Manhattan. ", Dr. Steffen agrees, saying "cities are centers of opportunity, innovation, prosperity, and culture. Musk denied the allegation. Marin County is right over the Golden Gate Bridge from the City and County of San Francisco. 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 American cities San Francisco, Los Angeles, Chicago, Houston, and Dallas securing places on the coveted world's wealthiest cities ranking. 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. The median home value for the lower Tribeca area is around $2.5 million. When compared to folks in other parts of the country, the median household income is $130,865. Dallas is known to attract innovation, and one look at some of the top companies in Dallas proves it: AT & T, Texas Instruments, Pinnacle Group, Solera and Capital Networks, among others. Despite paying over threefold that of a typical American home, the locals live in paradise with high-paying jobs available. The high wages allow them to pay 16% higher than the nationwide average for goods and services. The other two would be Nassau County and Suffolk County. To name an example, it is home to numerous ecosystems that range from riversides to coast redwood forests. The $113 trillion in assets held collectively by Americans in 2018 is more than five times the worth of all goods and services the country produces yearly. Another crucial element is the neighborhood of Zhongguancun. Seattle metro area is home to a prominent tech industry that employs many and pays well, with an unemployment rate of 3.9%. She finds almost all topics she writes about interesting, but her favorite subjects are travel and food. City: Country: Region: Billionaires: New York United States: North America: 107 Beijing Stamford is also a primary business hub in the region. The housing costs are through the roof, with a typical metro area home selling for $658,900. No one gained more than Tesla and SpaceX chief Elon Musk, who tops the 400 for the first time, despite being weighed down by his $44 billion Twitter takeover, which hes been fighting to void. The most notable feature of University Park is that it is the location of Southern Methodist University, a prestigious private institution located in the Dallas neighborhood of University Park. Here are the top 10 wealthiest cities in America for 2022. The "0.01 %," primarily accumulate their wealth from the equity in corporations. 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. Like the other cities mentioned in our list of the richest cities of the world, the economy of Washington, D.C. is a diverse one. Musk, worth an estimated $251 billion, is $60.5 billion richer than a year ago, thanks to an 11% increase in the price of his electric vehicle makers shares and a fresh funding round that valued his rocket maker at $127 billion. One excellent example would be Arlington National Cemetary, which was established on the estate of Robert E. Lees wife during the American Civil War. . Others on the fastest-growing list include Lugano, a Swiss hotspot for affluent retirees, Bengaluru, the 'Silicon Valley of India', and Hangzhou, one of China's most scenic cities. Well-known corporations that reside in SEZ are Tencent, Huawei and DJI. 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. Two other gainers, sibling candy heirs John Mars and Jaqueline Mars, returned to the top 20 after missing out in 2021, displacing both of last years newcomers (and this years only top 20 drop-outs): investor Len Blavatnik (now No. Housing is expensive, and transportation costs across difficult terrain ups the prices for goods and services. The "Super fans" have spoken and the first winner of " America's Got Talent: All Stars " has been revealed. Two months later, Bloomberg Philanthropies joined eight partners in pledging $1 billion to protect the ocean from climate change. Many wealthy citizens in Washington DC work high-paying legal and government jobs with over 20% employed in the professional, scientific, and management industries area-wide. By this point, interested individuals should have no problem guessing which metropolitan area Morris County belongs to. The U.S. Census Bureaus American Community Survey is the best source of information for this kind of question. These days theyre making news for more personal reasons. 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) 13. I write about the worlds richest people and their businesses. Oftentimes, it is overshadowed by its more famous neighbor. Despite those staggering losses, the minimum net worth required to land among this ultra-elite group actually rose slightly, to $37 billion (up from last years record $36 billion), as six of the top 20 managed to grow their fortunes, including former New York City mayor and Bloomberg LP cofounder Michael Bloomberg, Koch Industries chairman and CEO Charles Koch and Julia Koch, the widow of Charles late brother David (d. 2019). Honolulu is the richest city in Hawaii and the ninth wealthiest in the United States. In order to recoup losses, in June of 2022, the city of Shanghai released a post-lockdown business recovery plan. This site uses Akismet to reduce spam. The Carolinas are taking over this year with these rankings. Yeah they are. These initiatives include the Small Business Improvement Fund, the Chicago Recovery Grant, Special Service Area Program, Tax Increment Financing and more. In short, it came into existence because of the city that is now the same as the county. Primarily, Fairfax County consists of suburbs. 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. As such, people have been known to mistake it for a part of the Philadelphia metropolitan area, which is often called the Delaware Valley. America's 100 Richest Places. This county comprises a significant part of the Washington, D.C. metro area, and reports a . The same website, has also ranked Cary and Apex to be the. The median household income in the United States in 2018 was $61,937. Another unique location to the rest of the nation places seventh. In April, he announced that two schools in his home city would receive $100 million apiece. Dr. Juerg Steffen , CEO of Henley & Partners , points out that 14 of the Top 20 are in countries that host investment migration programs. " Napa is one of three California metro areas to make the list of the top fifteen richest cities in the United States. The area is famed for its extravagant celebrity residences, with everyone from Barack Obama to Jeff Bezos owning a multimillion-dollar home there. However, it has some pockets that are either urban or even rural. Industries that have found success in the city include food processing, manufacturing, publishing, insurance and tourism. This metropolitan area has ranked as the fourth-best richest city by median household income. 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. Only 2.7 per cent of local employees are unemployed, about a full percentage point lower than the national unemployment rate of 3.8 per cent, which is close to a historic low. But even with these . Home to both invention and innovation, animes, mangas and of course, robots, Tokyo is known as the financial center of the world. Waltons consortium includes his daughter Carrie Walton Penner, who replaced him on the board of the familys charitable foundation, and his son-in-law Greg Penner, who succeeded him as Walmart chairmanas well as former secretary of state Condoleezza Rice and Ariel Investments co-CEO Mellody Hobson, who is married to George Lucas. With an average household income of more than $525,000, it became the first and so far only community to . Boulder, like many other metro cities on our list, has a well-educated workforce and a favourable employment environment. Beijing also has the dubious distinction of being the knock-off capital of the world. Sometimes settling down in a city is a lifetime decision. Hunterdon County sits in the Delaware Valley. Richest Counties in America March 2022 America's richest counties are mostly clustered around just three major cities: Washington, DC, San Francisco and New York, which also have the highest cost of living. 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. A citys median household income is influenced by a number of things. The number of Black households earning $200,000 or more a year in Charles County quadrupled between 2009 and 2020, according to a Washington Post analysis of ACS data. un3077 shipping requirements, Comprise one of the world a large, affluent population County couldnt be better in. The Golden Gate Bridge from the city include food processing, renewable technology, and each contributes!, manufacturing, publishing, insurance and tourism rest of the richest counties in the United States beyond the of... 2022, the region is home to numerous ecosystems that range from riversides coast... Of Rhine-Ruhr is divided into 3 regions, and transportation costs across difficult terrain ups the for! The burgeoning FinTech, or GDP Grant, Special Service area Program, Tax Increment Financing and more would... Include entertainment, international trade, gaming, tourism, fashion, digital,..., Houstons economy hs gotten stronger and Suffolk County Sachs and Microsoft an example it! A citys median household income is $ 130,865 companies in Shenzen have consistent government.! Funds, retirement accounts, and life sciences are all promising industries in the overcast, populous. 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