Elko's fortunes rise and fall with the price of gold, so one would hope that its millionaire population is properly diversified. With a median home value of $316,500, the typical home in the town has a median value more than double the median home value across the state as a whole. Loudoun County is the richest county in the USA, with an estimated average household income of $ 117,876. In some cases, these locations benefit from being popular recreational areas or havens for wealthy retirees. So it should come as no surprise that Breckenridge would make the cut. Boating, fishing, snorkeling, scuba diving and lazing on the beach are just some of Key West's draws. Located less than 25 miles west of St. Louis, Clarkson Valley residents have access to employment opportunities in the nearby city, many of them high paying. When you purchase through links on our site, we may earn an affiliate commission. Some 39% of adults have a bachelor's degree or higher, well above the comparable 23.7% share of adults across the state as a whole. Watch on. In the last five years, the number of people living there jumped by 33.9%. Advertisement - Continue Reading Below. Maryland has the second most millionaires per capita of any state in the U.S., according to Phoenix Marketing International, but it's unfriendly when it comes to taxes (opens in new tab). The micro area even holds a charming Swiss-themed village. For year-round activities, the Heber Valley features five 18-hole championship golf courses, three state parks and a historic tourism railroad. The nearby world-class resorts of Vail and Beaver Creek draw big-spending skiers hoping to see and be seen all winter long. At the same time, the town offers easy access to several major cities. 13 Best Vanguard Funds for the Next Bull Market. Microsoft co-founder Paul Allen's estate sold for over $35 million in 2020. These commodity ETFs offer investors exposure to the diverse asset class, which is a helpful hedge against inflation. 6. We have yet one of the Richest Cities in California on our list at the eight spot and that is Oxnard-Thousand Oaks-Ventura. In fact, every season challenges the next for which is more beautiful.". The aforementioned Park City, which hosts Robert Redford's Sundance Film Festival, also boasts several world-class ski resorts. The Faribault-Northfield area is so desirable that Kiplinger has named it a great place to retire. Median household income: $180,541 (state: $63,575), Poverty rate: 1.2% (state: 13.1%), Median home value: $625,100 (state: $187,200). Too cold outdoors? The boom times looked to be rolling again in North Dakota until COVID-19 gutted oil demand. Situated on the northeast shore of White Bear Lake some 20 miles from downtown Minneapolis, Dellwood is one of the wealthiest suburbs in the Midwest. Median household income: $176,528 (state: $68,411), Poverty rate: 0.3% (state: 10.1%), Median home value: $619,000 (state: $211,800). A 35-minute train ride from New York City, the town sports quaint shops and top-rated schools . The median household income is $94,027, and the median home value is $503,000. DEA / M. BORCHI // Getty Images. AI stocks have been bloodied up in recent months, but the technology's relentlessly growing importance should see the sun shine on them again. Top employers in Elko County include the Elko County School District and West Wendover Casinos. It is a short drive from Charlotte. Then oil prices collapsed in 2014 and some folks even started pulling up stakes. Originally developed as housing for the teachers and staff of Southern Methodist University in the early 1920s, University Park has since developed into one of the wealthiest communities in the country. Hot springs, rafting, kayaking, fishing, hiking, mountain biking and golf, among many other activities, make Glenwood Springs a year-round destination. On the plus side, Massachusetts' reputation as a high-tax state is overblown (opens in new tab). The population of Horace has grown rapidly over the past several decades, from 276 residents in 1970 to 2,660 today. With an average household income of more than $525,000, it became the first and so far only community to top the half-million dollar mark since Bloomberg started compiling the index in 2017. All Rights Reserved. By Dan Burrows Percentage of global population: 1.2%. Income distibution for all U.S. cities. 1 Boca Grande. Indeed, former presidents Bill Clinton and Barack Obama have summered there, and Jacqueline Kennedy Onassis long maintained a home on the island. In Glen Ridge, New Jersey, about 15 miles west of Manhattan, the typical household earns $213,801 a year, more than in any other small city or town in the state, and among the most anywhere nationwide. In Tega Cay, less than 1% of residents live below the poverty line. Median household income: $141,533 (state: $65,627), Poverty rate: 1.8% (state: 11.9%), Median home value: $444,400 (state: $244,700). Median Home Value: $288,200. Kiplinger is part of Future plc, an international media group and leading digital publisher. Sergey Brin. The town is just outside of Anchorage, Alaska's largest city, providing residents access to many, likely higher-paying, employment opportunities. Cashing in on George Floyd: T-shirts, pillows, running shoes and even underwear are being sold, Median household income: $151,055 (state: $48,486), Median home value: $441,000 (state: $137,200). The typical home is worth $625,100, more than three times both the state median home value of $187,200 and the national value of $204,900. In most states, the wealthiest town has a median household income that is two or three times higher than the median across the state as a whole. According to Niche, the national percentage is 20%. Loudoun County. Sean Hannity is the wealthiest anchor on television. For example, giant brands like The Coca-Cola Company (NYSE: KO ), Walmart Inc. (NYSE: WMT ), oil companies like Exxon Mobil Corporation (NYSE: XOM ), and many U.S.-based airlines, American . The Top 10 CHEAPEST Cities to live in the United States for 2020. All. Mountain biking, hiking and fly fishing are just a few of the allures for the millionaire who likes the great outdoors. . With a median household income of $156,205, Duvall is the wealthiest small city or town in the state. The typical Clarkson Valley household earns about $171,000 a year, more than three times the income the typical Missouri household earns. Feb 25, 2020, 3:05pm Updated on Feb 25, 2020. But high concentrations of millionaires can be found in some far-flung places too. Burlington, the largest city in the state, sits less than 10 miles west of Essex Junction. Hudson boasts scores of antiques dealers, which led the charge in making the town attractive for new residents, tourists and wealthier folks in search of second homes. Let's break out of Northern California and talk about an expensive Florida neighborhood - Port Royal, located in Naples. The typical Mississippi household earns just $43,567 a year, about $17,000 less than the typical American household. Vineyard Haven is a town on Martha's Vineyard. The allures of the Key West area are well known. Whitefish Bay is a small village of 14,000 residents located less than 10 miles north of downtown Milwaukee. Adjusted median household income: $103,100. Greenwich and Darien, Connecticut. Groceries alone cost almost 40% more than the U.S. national average, according to the Council for Community and Economic Research's Cost of Living Index. Seattle, Tacoma, and Bellevue combine to become some of the richest cities in America. One of the wealthiest states in the country, New Jersey has a median household income of $79,363, about $29,000 more than the national median. The 25 Best Low-Fee Mutual Funds You Can Buy. Click for the full list. Atherton is a small neighborhood of about 7,000 people and it is located in the heart of . In Darien, a small Census-designated place in southwest Connecticut within commuting distance of New York City, the typical household earns $210,511. The high incomes in the community are due in part to the presence of major companies. 3); and Cherry Hills Village, Colorado (No. Just 4% of Gateway households have an annual income of less than $10,000, while 12% of households have an annual income greater than $200,000. Clarkson Valley is a small Missouri city of less than 3,000 people. One of the main reasons for this is likely a high level of education. The median household income in Paradise Valley is nearly four times as high as the median in Arizona. Washington, D.C . NY 10036. Median household income: $92,052 (state: $47,942), Poverty rate: 3.6% (state: 19.4%), Median home value: $234,500 (state: $157,800). West Palm Beach, Florida. A Division of NBC Universal, A home stands in Atherton, California, U.S., on Tuesday, Feb. 18, 2020. It became the first and only neighborhood in America to top the half-million-dollar mark. What started as a small farming community in the 1870s now has some the most expensive homes in North Dakota. Naturally, skiing is what first comes to mind when it comes to Breckenridge, but the area supports a wide range of sports and cultural activities through all four seasons. A popular New England vacation destination, Hampton is home to some of the most expensive houses in New Hampshire. Indeed, it has been cutting income taxes for several years in a row to the point that they barely exist. Bloomberg released its annual list of the richest town . That helps explain its inclusion on the list of small towns with high concentrations of millionaires. Even in one of the wealthiest states, Greenville stands out as especially affluent. stocks The typical home in University Park is worth $1.2 million, compared to the median home value of $161,700 statewide. Find the full list of America's 100 Richest Places on Bloomberg. Less Diverse. Grant Suneson, Evan Comen and Samuel Stebbins. Due in part to a warm climate, proximity to the ocean, and access to a major city, homes in Pinecrest are expensive compared to statewide home values. The Beehive State ranks well in every category we measured. Destrehan is a Census-designated place with 11,000 residents, located about 20 miles west of downtown New Orleans. It is one of the most educated towns in the state, with 48% of the population holding a bachelor's degree. Median household income: $156,205 (state: $70,116), Poverty rate: 2.1% (state: 11.5%), Median home value: $452,200 (state: $311,700). The typical Travilah home is worth $1.1 million, more than three times the $305,500 state median home value and more than five times the $204,900 national figure. Another attractive aspect of the area is that the City of Lebanon operates Storrs Hill, a 20-acre ski area that hosts three ski trails, two ski jumps, a surface lift and ski lodge. The area's population grew by 34.5% from 2013 to 2018, compared to the U.S. population growth of 3.6%. Idaho's median annual household income is just over $53,000, which is lower than the majority of states. Back out things such as the value of real estate (the bulk of most folks' wealth is tied up in their homes), employer-sponsored retirement plans and business partnerships, and only 6.7% of American households qualify as millionaires. The bottom 90% hold less than 25% of the total wealth. Martha's Vineyard has 17,000 or so year-round residents, but the population can swell to 200,000 during peak summer months. Raleigh-Durham International Airport. Posted Mon, Feb 24, 2020 at 12:35 pm ET. Median household income: $127,351 (state: $59,393), Poverty rate: 4.8% (state: 14.1%), Median home value: $509,900 (state: $287,300). It also can get a bit crowded. The typical home in Rock Springs is worth $217,400, slightly more than the $213,300 state median home value. Only 4.5% of the community's families fall below the poverty line, and with a mean household income of $339,883, residents can boast of being some of the wealthiest in the entire state of Illinois. New! Youll need that substantial a salary to afford to buy your way into Atherton, the cheapest current listing is a 2,270-square-foot home for $1.7 million. And when demand finally started to improve, the COVID-19 pandemic slammed the energy sector. People with higher educational attainment are more likely to hold higher-paying jobs. Much of Alaska's wealth is tied to the energy business. Edgeworth was originally developed in the late 19th century as a haven for managers and professionals wanting to escape the pollution of industrialized Pittsburgh, and today it has some of the most expensive homes in the state. The U.S. poverty rate is 14.1%. Hard work is embedded in American culture. Here are the top 10 richest places in the U.S., according to Bloomberg: For the full list of 200, take a look at Bloomberg's ranking. As we shall see, another area near Laconia makes this list of small towns with a high percentage of millionaires. 100. worldwide. Incomes tend to rise with educational attainment, and not only is Cumberland Hill the wealthiest place in the state, it is also the best educated. Dan holds a bachelor's degree from Oberlin College and a master's degree from Columbia University. The North Star State hits hard with income tax and property taxes are on the high side, too. By Dan Burrows Examples of investable assets include cash, stocks, bonds and funds, among a bunch of other types of investments and financial products. In Essex Junction, the wealthiest small city or town in the state, the median household income is just $75,439. Incomes in the town are so high likely partly because of the residents' high level of education -- more than two-thirds of Highland Lakes residents 25 and over hold at least a bachelor's degree, one of the larger shares of any small city or town in Alabama. Across Missouri, 28.6% of adults have a four-year college education. Major employers in the area include Amazon, Boeing, and Microsoft. Upper Saddle River Borough in Bergen County - Median Income of $171,747. Estimates of millionaire households provided by Phoenix Marketing International. 10 Dividend ETFs to Buy for a Diversified Portfolio. In most of these cities, people have it made, financially. The greater area we're talking about here spills over into Idaho, too, and includes Grand Teton National Park, as well as parts of Yellowstone National Park and The Teton Wilderness Area. The top 20 richest towns in America all boast average household incomes above $300,000, while the top five ring up above $400,000. : Hertz is selling thousands of used cars in its fleet in bankruptcy at bargain prices, Save better, spend better: Money tips and advice delivered right to your inbox. Unfortunately for millionaires and folks of lesser means, New York State taxes take a bite. This unincorporated town in Essex County was founded by the inventor of the modern roller shade in the 1870s. These include financial companies Citi and Wells Fargo as well as the biomedical companies Avera Health and Sanford Health -- each of which employs thousands of people. Once upon a time before his days as a financial reporter and assistant financial editor at legendary fashion trade paper Women's Wear Daily Dan worked for Spy magazine, scribbled away at Time Inc. and contributed to Maxim magazine back when lad mags were a thing. The median annual household income in America is just over $60,000. As is often the case in the small cities and towns on this list, Winchester residents tend to be well educated. The wealthiest town in the state, Destrehan's median household income of $92,052 . Centerton is the fastest growing small city or town in Arkansas and one of the fastest growing places in the entire country. With everything from ski resorts to beaches, the Lake Tahoe area offers year-round activities for well-heeled tourists and full-time residents alike. Atherton is joined by Scarsdale, New York (No. Median household income: $105,000 (state: $57,422), Poverty rate: 2.7% (state: 12.4%), Median home value: $352,200 (state: $145,400). Less than 2% of the town's 5,500 residents live below the poverty line, a fraction of the state poverty rate. This city in the oil-rich Bakken Formation soon found itself home to fracking millionaires. Honolulu in Hawaii is one of the 100 Richest Cities in America #8. These places aren't in the best states to move to in the USA, but a few are some of the wor. The largest companies in the area include government tech contractor Booz Allen Hamilton, Inova Health System, and government-sponsored finance giant Freddie Mac. The typical Weddington household earns $132,587 a year, more than twice the median household income of $60,886 in Charlotte and the state median of $52,413. Occasionally however, several cities of similar status and their suburbs make up an . And just when Alaska could see an end to the downturn, COVID-19 hammered the energy sector. The typical home in New Albany is worth $494,600, more than three times the state median home value of $140,000. Based on median household income, Mississippi is the poorest state in the country. The No. The Summit Park micro area, which also includes Park City, is a short drive from Salt Lake City and has the second highest concentration of millionaire households of any small town in the U.S.
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