These industries include manufacturing, energy, information tech, finances, telecommunications, education, and telecommunications. They got the necessary amendment passed in 1998. Like San Francisco County, Santa Clara County has benefited much from Silicon Valley. Additionally, the top 100 richest cities in the United States have quality school systems and proximity to city centers or high-profile companies such as Google or Facebook. 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. 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. 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). Cisco, eBay, Adobe, PayPal, Samsung, Acer, Hewlett Packard, and Zoom are just a few examples. Other profitable sectors include information technology, medical technology, retail, financial and legal sectors. To even make the top 100, towns need an average household income of more than $220,000. 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. The Bureau of Economic Analysis has calculated that the regional price parity in 2019 of the 50 largest MSAs ranges from 88.3 in Birmingham, Alabama (which has the lowest cost of living of the 50 most populous MSAs) to 126.7 in San Jose, California (the highest cost of living of the 50 most populous MSAs). The average household in this state earns $85,000 more than in any other state. Charles Koch and the family of Julia Koch, the widow of his younger brother David (d. 2019), each owns 42% of Koch Industries. For over 50 years, Tokyo has occupied the top spot, and shows no sign of slowing down. The average household in the region earns approximately $92,236 a year, which is $22,500 higher than the national average. Other industries driving their economy are tech, tourism, and the service industries such as hospitality. 87.8 percent of individuals in the city have a bachelors degree or above. For proof, look no further than the fact that it isnt home to a single city of significant size but is home to numerous commuter towns. Liz loves the process of researching information, learning new things, and putting into words what others who share her interests might like to read. . Eight other top 20 tech billionaires, including Microsoft cofounder Bill Gates and Google cofounders Larry Page and Sergey Brin, shed $188 billion combined. Fortune Global 500 companies housed in Moscow include Gazprom, Rosneft Oil and Sistema among others. 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. 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. In 2022, a small group of households in America holds 30% of the wealth (or $39 trillion). Keep reading to learn more about the top 20 richest towns in America. These are of very low quality and should be avoided. Most households in the metro region make more than $87,947 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. Median Income: $108,979. He possessed enormous power in what was then the Province of Maryland but used it for nothing but funding his excesses. Unlike virtually every other city on this list, Vallejo citizens are less likely than the average American to hold a four-year college degree. Over time, it swallowed more and more of its neighbors, thus causing it to spread into not one, not two, but four different counties. According to the Greater Houston Project, As retailers work to rebuild their inventories, as factories struggle to resolve supply chain issues, as the global economy continues to grow, so will the demand for Houstons exports, and so will Houston employment,. Its been rapidly replaced by information tech and financial services. If Arlington County leans more towards the Washington metropolitan area, then Howard County leans more towards the Baltimore metropolitan area. Seventy-eight percent of individuals who live in Westport have a bachelors or higher level of education. Another industry that rains gobs of revenue on the City of London is the tourism industry with over 20 million visitors per year. Dr. Juerg Steffen , CEO of Henley & Partners , points out that 14 of the Top 20 are in countries that host investment migration programs. " 1 spot. In June, he paid a Florida record of $173 million for a home in Manalapan. Being able to relocate yourself, your family, or your business to a more favorable city or have the option to choose between multiple different residences across the world is an increasingly important aspect of international wealth and legacy planning for private clients. Once a top contender in manufacturing, today manufacturing revenue covers only around 10 percent of the economy. Sometimes settling down in a city is a lifetime decision. It secures ninth place with a median household income of $78,612, and 11.0% making 200,000 or more. The high wages allow them to pay 16% higher than the nationwide average for goods and services. Even now, the southern part of the county is still focused on agriculture because it is still rural for the most part. No. The U.S. Census Bureaus American Community Survey is the best source of information for this kind of question. 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. The fifth wealthiest place on this list is the second wealthiest in New England, with 13.1% of households earning $200,000 and a 3.4% jobless rate. After all, it is home to Silicon Valley itself, meaning that it is home to one of the most important economic hubs on the planet. 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. Boston metro area earns almost $25,000 more than a typical US household's $57,617. Four of the top 20 are worth $100 billion or more, down from eight last year, but up from two in 2020 and none in 2017. 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. Los Angeles, Chicago and Houston are the other U.S. cities in the top 10, ranking 6 th, 7 th,. Of the 15 counties with the highest incomes, five are located in Virginia. 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). 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. In March, Berkshire Hathaway agreed to shell out $11.6 billion for insurer Allegheny Corp. Only five metro regions in the United States have a majority of households earning at least $94,430 a year. 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. 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. Cary, North. All kinds of workers earn high wages for a relatively even income distribution, with 9.4% earning $200,000 or more. L.A. is also abuzz with development projects, such as refurbishing businesses like Manns Chinese Theater, as well as infrastructure projects. 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. Despite suffering a tough downturn due to the pandemic, Shanghai remains one of the worlds richest cities. Although it may sound like another Cali metro for the fourth time on this list, the wealthiest metro area, located in Maryland, secures the tenth spot. How Long Does it Actually Take to Fix and Flip a House? Specifically, it occupies the northeastern corner of the state of New Jersey, meaning that it is situated across the Hudson River from Manhattan. 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.. 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]. 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. Broomfield County is one of the newest counties in the United States because it became Colorados 64th county in 2001. Just that is enough to make Santa Clara County one of the richest counties in the United States beyond the shadow of a doubt. Located in Silicon Valley, Los Altos Hills has 8,000 residents, many of whom work in tech. Los Angeles is a city that takes great strides to encourage economic growth. San Mateo, like many other metro cities on our list, has a well-educated workforce and a favourable employment environment. The right to live, work, study, and invest in leading international wealth hubs such as New York , London , Singapore , Sydney ,and Toronto can be secured via residence by investment . The Shenzhen Special Economic Zone was created in May of 1980 and is based on Irelands Shannon Free Zone. Today, Boston is a center of learning with many stellar educational institutions like MIT and Harvard, which contribute greatly to Bostons economy. The states Atlantic coast is to the east, while the Gulf of Mexico coastline is to the west. Since then hes remade the team into a powerhouse, with a string of winning seasons and a glitzy new arena rising in the shadow of the citys sporting crown jewel: the $5 billion SoFi Stadium, the high-tech home for the NFLs Los Angeles Rams. Paris is also home to several Fortune Global 500 companies such as, BNP Paribas, Peugeot, CNP Assurances, SNCF, Vivendi and more. In stark contrast to Broomfield County, Somerset County is one of the oldest counties in the United States. Morris County residents have high incomes, which tend to be connected to good health, good education, and other desirable metrics. 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. From nice homes, good salaries, and comfortable living Cary, North Carolina took home the No. Nowadays, it has other focuses, thus making it one more reminder of how much the United States has changed over time. Here are the top 10 richest places in the U.S., according to Bloomberg: 1. With over 50% of adults bachelor graduates or higher, this area is one of the few in the country with over half of their adults highly educated. 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. In 2022, Forbes listed New York City with the most billionaires at 107 people, followed by Beijing with 83 billionaires, and Hong Kong in third place with 68 billionaires. On TV it looks so easy to buy a house, fix it and sell for a profit. Unsurprisingly, that was a huge hassle, so much so that the citys leadership started pushing for the city to be made a county. Los Altos Hills has been the wealthiest in California since 2019 (prior, it was in fourth place). Having overtaken Amazons Jeff Bezos as the worlds richest person just weeks after last years Forbes 400 was finalized, Musk is now $100 billion richer than his space rival, whose fortune fell by $50 billion, the second-biggest drop among this years 400. The neighborhood of Los Altos, whose name translates to The Heights in Spanish, can be found on the western edge of Silicon Valley in the San Francisco Bay area. Both coasts have some, Read More The 10 Best Places to Live on the West Coast of FloridaContinue, Famous across the world for its vibrant Mardi Gras celebrations, jazz music, soulful cuisine, and laid-back vibe, Louisiana makes a great place to live. 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. What Are the 20 Richest Counties in the U.S. in 2022? Because many low- and middle-income residents have been priced out of the neighbourhood, the median household income is high, and unemployment is low. The significant concentration of colleges and institutions contributes to the well-educated populace. The city of 169,177 ranked in fifth place last year. 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. Ventura dubbed the city of good fortune, has a plethora of well-paying professions in health care, tourism, and technology. Presumably, this is because the median is a better indication of what someone who is in the middle for a particular population would be like. Some are over 55 years old and happy to play out their retirement in comfort; others are looking forward to starting a second career. Last December, a Koch subsidiary reportedly sold a 340,000- acre Montana cattle ranch to media mogul Rupert Murdoch for roughly $200 million. Unemployment is low, education is high, and incomes that are out of this world. Over a quarter of its workforce is in IT, or professional, scientific, and management industries, compared to the nationwide 13.5%. Still, the 2019 data should provide results that are very similar to what interested individuals are looking for. The Fortune 500 companies hosted by Boston include: State Street, Liberty Mutual Insurance, Gillette and General Electric. Most metro area households make at least $87,470 per year, with more than one in ten earning more than $200,000. World-renowned big, innovative companies and the regions largest employers include Apple, Adobe Systems, Apple, Intel, Lockheed Martin, and NASA. In terms of asset management, FinTech, and ESG investment, Tokyos continued growth as the worlds most foremost economies appears secured. Educational attainment is associated with better earnings, and roughly half of all individuals in the Boston metro region hold a bachelors degree or above. This list includes numerous metro regions in Californias San Francisco Bay region, including Vallejo. People are very interested in both what other people earn and what other people have earned based on the contents of the Internet. This included plans of action to assist with rent, taxes, business subsidies and more. Beyonc, Jay Z and Taylor Swift are just a few of the celebrities who own property in Tribeca. 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. There are many urban areas, including the states capital Chicago, but there is also plenty of rolling hills, wetlands, farmland, and forests. 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. Atherton is close to San Francisco, Scarsdale is close to New York City, and Cherry Hills Village is close to Denver. 6. While COVID-19 had a severe influence on Santa Cruzs economy in 2020, the tourist sector often provides a significant boost to the citys economy. 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. California is one of the richest states with many prospering cities and metropolitan areas. 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. In July, Gates announced he was shifting $20 billion of his fortune to the Bill & Melinda Gates Foundation. 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. Birmingham, Ala. Birmingham places third for the cheapest rent in a big U.S. city. The high concentration of educational institutions makes for one of the most-educated areas in the US compared to the nationwide rate of 31.3% of American graduates. But Atlanta is a city, Read More The 10 Richest Neighborhoods in AtlantaContinue, Surprisingly prison is not always as bad as expected. Unfortunately, the most recent data comes from 2019 because 2020 data wasnt collected while 2021 data hasnt been released. Dallas plays host to a variety of industries, and its these industries which are responsible for the economic growth of the Dallas metropolitan area. We added hundreds of new lists - see our top 101 city lists. After all, Paris is one of the hotbeds of world tourism, its the city of love and art. Every year, four million people visit the citys sandy beaches and redwood woods. A strong labour market boosts earnings. Earnings rise in tandem with educational achievement, and in Denver, 43.9 per cent of individuals have a bachelors degree or above, well exceeding the national average of 32 per cent. More than half of the 100 richest cities in the United States were in the New York City area or California. 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. Santa Rosa, like most other high-income cities, is pricey. As such, it was named for the English county of the same name. Swift reportedly owns about $40 million worth of property in the area. Beijing, China: $591.374 Billion Beijing is the capital of China and has a population of over 20 million. She finds almost all topics she writes about interesting, but her favorite subjects are travel and food. This metro region, located just west of Los Angeles, offers a small vacation from the citys exorbitant home prices. Large college-educated populations are common in the richest metropolitan regions. It's basically a part of Manhattan with is located near by the central park. 13. Under those circumstances, it is no wonder that people of means have flocked to the county. For the fourth straight year, Atherton topped Bloomberg's Richest Places annual index. America's 100 Richest Places. 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. 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. Though still bruised and battered by the effects of the pandemic, New York City is holding true to its reputation as a tough and resourceful city. 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