In recent years, the landscape of American wealth has seen interesting shifts. The average household income has grown, even when adjusted for inflation.
While the celebrity lifestyle may seem distant for many, there are indeed pockets of lavish living scattered across the United States. This begs the question: where do the wealthiest Americans choose to reside?
This blog post delves into the top U.S. cities that boast the richest residents, offering insights into their economic landscapes, community dynamics, and what makes them magnets for affluence.
Drawing from figures provided by the U.S. News and World Report and data from the Census Bureau, we uncover the top ten cities where prosperity is more than just a dream—it’s a reality.
1. Dublin, CA: The Wealthiest City in America
Located in the San Francisco Bay Area, Dublin emerges as the wealthiest city in America. Known as a crossroads of innovation and technology, Dublin boasts a median household income of $205,219.
A staggering 77.5% of households earn over $100,000 annually. However, this affluence comes at a cost; housing expenses in Dublin are 148% higher than the national average.
2. Sammamish, WA: Serenity and Affluence
Sammamish, Washington, combines natural beauty with economic prosperity. Characterized by rolling hills and welcoming neighborhoods, Sammamish has a median household income of $201,370.
Nearly 80% of its residents enjoy household incomes exceeding $100,000 annually. With over 6,500 residents working in computer-related fields, Sammamish stands as a hub for tech professionals.
3. Palo Alto, CA: A Hub of Innovation and Wealth
Home to the prestigious Stanford University, Palo Alto is synonymous with innovation and wealth.
The city reports a median household income of $195,781. Reflecting its desirability and high quality of life, the median listing home price in Palo Alto is an astounding $3.1 million.
4. Newton, MA: New England Elegance
Newton, Massachusetts, offers New England charm and a high standard of living. Ranked among the best places to live in Massachusetts, this Boston suburb boasts a median household income of $183,208.
Approximately 70.7% of its households earn more than $100,000 annually. With highly-rated public schools and a thriving community of young professionals, Newton is an ideal location for families and career-driven individuals.
5. Milpitas, CA: Silicon Valley Community
Milpitas, another gem in Silicon Valley, exemplifies progressive community living. Situated on the southern end of the San Francisco Bay, Milpitas sees 72.4% of its households earning over $100,000 per year. This city is a significant player in the region’s economic vitality.
6. Bethesda, MD: DC Area Wealth
Located just 20 minutes from Washington, DC, Bethesda, Maryland, is renowned for its affluence and laid-back atmosphere.
The suburb boasts a median household income of $167,162. Its proximity to the nation’s capital and high quality of life make it a prime location for wealthy residents.
7. San Ramon, CA: Tech and Trails
San Ramon, nestled in a Northern Californian valley, is a family-friendly city with a robust economy and a booming tech industry.
This picturesque area is known for its glorious parks and hiking trails, along with high-value residents. Seventy-three percent of residents have a household income higher than $100,000, and the median income is $162,388.
8. Mountain View, CA: Innovation and Views
Known for its iconic views of the Santa Cruz Mountains, Mountain View is a picturesque city with a population of approximately 83,500 residents. Most notably, Mountain View is home to Google’s innovative headquarters.
The median household income is $157,243, and 70% of residents have a household income higher than $100K.
9. Sunnyvale, CA: Glowing Reviews
Sunnyvale, another Silicon Valley-based California city, garners glowing reviews from residents and visitors alike.
With a median household income of $156,059, it’s safe to say residents aren’t clamoring for cash. Its proximity to major tech companies and high quality of life make it a desirable location for affluent individuals.
10. Fremont, CA: Silicon Valley Living
With a median household income of $155,968, Fremont, California, is the tenth wealthiest city in America.
As the fourth-largest city in Silicon Valley, Fremont is a vibrant place to reside, consistently landing on “best places to live” lists. Nearly 70% of residents have a household income higher than $100,000.
Alicia Richards