People come here to find jobs and for a more peaceful and better quality of life. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[336,280],'homesnacks_com-large-mobile-banner-2','ezslot_16',120,'0','0'])};__ez_fad_position('div-gpt-ad-homesnacks_com-large-mobile-banner-2-0');While it's good news for the cities we mentioned, we have to mention the poorest cities in America. It's a different type of place from the rest of the state. The rural community northwest of Washington sits along the Potomac River and is home to Bretton Woods Recreation Center, a country club for International Monetary Fund and World Bank staff. $577. Close behind is Los Angeles at $2.3 trillion, while San Francisco ranks third at $1.3 trillion. It's safe, friendly, and there are great schools. Empleos Rich people can spend all their money and then they're broke. 2023, Paper: "The annual Forbes magazine's lists of the wealthiest individuals in the world are a widely used source of data about the dynamics of wealth concentration. Another interesting fact about the city? Or, you could just see where people like this live and try and get on their good side. So, what's the richest big city in America according to the data? Newcomers to the list include three areas in suburban Chicago. They can't even do it if they tried. Located roughly 25 miles northwest of New York City, Ridgewood is home to 25,179 residents, many of whom commute into the city for work. President John F. Kennedy lived with his family for a few years in Bronxville; other notable residents include Elizabeth Custer, the widow of General George Armstrong Custer, and television host Ed McMahon. Opinions expressed by Forbes Contributors are their own. Does being rich make you out of touch with reality? We continue our money train tour of the state as we stop in the city of Overland Park, Kansas. So, while your little small town might be rollin' in the dough, we're only looking at the most populated areas. They also get an excellent location by the bay. We're not talking about individuals. For the second year since Bloomberg started to compile the Richest 100, the nations top spot is Atherton, California. When HomeSnacks looks at a place to live, we study the stats you can find anywhere on the web. Its population is just over 25,000 (as of 2020). Every item on this page was chosen by a Veranda editor. The 15 richest cities in the United States 2015. Here are Forbes' wealthiest Africans for 2023. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[336,280],'homesnacks_com-medrectangle-3','ezslot_2',143,'0','0'])};__ez_fad_position('div-gpt-ad-homesnacks_com-medrectangle-3-0');The general assumption is going to be suburbs of major cities where people live in big homes, away from the grimy, packed downtown areas. Surprised by that? Like Loudoun, a number of the country's wealthiest households are tightly concentrated in counties around the nation's capital. Using data from Sperling's Best Places, the Bureau of Labor Statistics and Zillow, GOBankingRates identified and ranked the 30 most expensive cities in America in ascending order from least expensive to most. Sir Anthony Ritossa is Chairman of the Ritossa Family Office, headquartered in Dubai. The town ofsix square miles is near Palo Alto, Stanford University and Menlo Park, the home of Facebook and other tech ventures. Vlad Yatsenko, the chief technology officer of digital banking giant Revolut, and Denis Sverdlow, who founded the British electronic vehicle manufacturer Arrival, are other new billionaires who live in London. The average income is $76,000 and the average house price is $207,000. And as demographics change, so do patterns of wealth. A total of five billionaires on this year's list hail from North Carolina. Located 20 miles from Silicon Valley, the San Francisco suburb is home to the many tech titans of Google #4. Of course, the citys homes arent too shabby either, with typical values around $1,800,000 in 2022, according to Zillow. Other states with five or more locations included Texas, Maryland and Illinois. More than 30,000 people lived there as of 2019, with 68.3 percent of adults holding a bachelors degree. The bucolic town of Los Altos Hills, California, climbed three spots to No. Shah Rukh Khan has . Together, these two factorshigh college education and low poverty ratesare common among Americas richest cities (which will be apparent in the slides ahead). A Division of NBC Universal. They have to be doing something right in here. Many of the streets are named after authors, such as Geoffrey Chaucer, John Dryden, and William Shakespeare. Sign up now:Get smarter about your money and career with our weekly newsletter, Top 10 U.S. towns where millionaires are buying second homes3 of them are in Florida, I flew first class for the first time everheres why the upgrade from economy was worth it, Get Make It newsletters delivered to your inbox, Learn more about the world of CNBC Make It, 2023 CNBC LLC. Considering how many A-listers have walked the streets of Brentwood, you might be surprised to find that the median home value is $1,064,755, notably less than the homes in the greater San Jose area (a.k.a. Regions that were once home to the richest cities in the U.S. such as the Midwest and New England during the time of John D. Rockefeller, Andrew Carnegie and Joseph P. Kennedy now have fallen behind new centers of wealth on the West Coast and booming southern states like Texas. A number of the places with the second-most billionaires, such as Scarsdale, New York, and Highland Park, Illinois, are affluent suburbs of the highest ranked city in the state. Below youll find a table including the richest cities in every U.S. state as of 2021. There are six cities in where the median household income is less than $20,000: (1) Livingston, Alabama; (2) Hawaiian Ocean View, Hawaii; (3) Homer, Louisiana; (4) Highland Park, Michigan; (5) Albany, Kentucky; and (6) Allendale, South Carolina. Some of the biggest companies with offices in the city include Roku, Sees Candies, and a handful of software companies (Saratoga is on the outskirts of Silicon Valley). Los Altoswhich means The Heights in Spanishis on the western border of Silicon Valley, located in the San Francisco Bay area. Moving from West to East, Americas second richest town is Scarsdale, New York, which is just 35 minutes outside of New York City. She writes for a variety of publications, primarily covering womens interest topics. What do these folks get for their money? Thanks to that influx, Austin has also become a growth market for luxury real estate, according to Henley and Partner's 2023 wealth report. We found the 50 richest places in the country received $350 million in bailouts. Despite shifting within the rankings, the cities where billionaires are choosing to live are largely the same. A recent Bankrate report states that the median sale price for a home in Austin as of January 2023 was $530,000, according to Redfin data. This rich little enclave is just outside of Houston. Some notable Americans who have called the Essex County, New Jersey, town home include actress Anne Hathaway and fashion designer Rachel Zoe. One reason for Southlake's wealth? All Rights Reserved. Hong Kong also lost two billionaires, Shing-bor Tang and Lee Man Tat, who died in 2021. Notable residents include CEOs, actors, pro sports players, and authors. Like the California cities ranking among Americas top 10 richest cities, San Carlos is very tech oriented thanks to its proximity to Silicon Valley. He is a family office influencer, impact investor with interests in private equity, real estate and blockchain companies, mentor, philanthropist, author and highly sought after speaker. Back . Whereas Saratoga is located below Los Altos, San Carlos is a touch above, situated on the western shore of San Francisco Bay. This city has it all - Grand houses. Notable figures who have called Scarsdale home include actress Judy Garland, actress Susan Lucci, director and actor Rob Reiner, NPR legal correspondent Nina Totenberg, and former U.S. Attorney for the Southern District of New York Preet Bharara. This is followed by Los Angeles with 52 billionaires, and San Francisco and Chicago, who each have 44 billionaires. A hub for self-made billionaires, Chinas Silicon Valley'' fell to No. Opinions expressed by Forbes Contributors are their own. Bucking the trend, Shanghais richest person, Liu Yongxing, the chairman of agriculture and chemicals firm East Hope Group, more than doubled his fortune to an estimated $13.2 billion. Madeline Albright and Condoleezza Rice graduated from its private schools. The average in Clarendon Hills, Illinois, about 25 miles west of downtown Chicago, jumped 15 percent in 2016 from the prior year to break into the top 100 for the first time with a tally of $199,325. Two lake skips to the east of the center of Seattle, Sammamish is a suburb of the Washington metropolis but boasts a reputation of its own due to its low poverty rate, high education rate, and access to ample hiking trails. Displayed are the top 100. You can download the data here. Great jobs, low unemployment and a really low cost of living makes this Prairie State city one of the best places you could live if you wanted to earn a great living. Great schools. 5. 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A rare winner amid the turmoil was Zhang Yiming, the founder of TikTok-owner ByteDance and Beijings richest resident, who is $14.4 billion richer than last year. Yeah they are. This Dallas suburb is home to the Americas first self-contained shopping center: Highland Park Village, which opened in 1931, was designed by architects Marion Fresenius Fooshee and James B. Cheek in a Spanish Revival style and is on the National Register of Historic Places. As of 2019, 30,970 people lived in Needham, with 76 percent of adults being highly educated with at least a bachelors degree. In top ten there are four new entries compared to the 2021 ranking and in eleventh . If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already. Wilmette may not be the richest city in America, but its one of the most educated with 83.2 percent of adults holding a bachelors degree or higher. From Singapore To New York City, more than 26% of the world's 2,095 billionaires live in just 10 cities on three continents. Lexington is northwest of Boston, just 10 miles from downtown. It has been home to many notable people, including John and Alice Coltrane. Today, its largest beach, Tods Point, is public property. The combined net worth of the 2020 class of the 400 richest Americans was $3.2 trillion, up from $2.7 trillion in 2017. Despite the heightened competition, media magnate Michael Bloomberg remains the richest resident, accounting for some 13% of the citys total billionaire wealth. Of Potomac residents with a minimum 10-figure net worth, Mitchell Rales is the wealthiest, worth an estimated $1.4 billion. Just about all households who live here earn well over $100,000 a year annually. The city continues to attract some very educated people; about 44% of adults in the area have at least Bachelor's Degrees. To even make the top 100, towns need an average household income of more than $220,000. After the analysis was over, we crowned Cary as the richest city in America for 2022. Another city with a dramatic drop in billionaires, Hong Kong lost a dozen amid a year of market tumult and strict Covid-19 protocols. Extreme wealth tends to be much more common in the richest states in the country. Of course, not all of America's wealth is centered on the West and East coasts. At the top is James Goodnight, 78, who as CEO of technology company SAS Institute has a net worth of $6.5 billion.