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. Places like Dickinson, located in the oil-rich Bakken Formation, were mining millionaires. To clarify: That means they have at least $1 million in investable assets. "Sprawling residences set amidst landscaped gardens and a beautiful backdrop.". The campus covers over 8,693 acres of land of three adjoining campuses in Durham and in Beaufort, there is a marine lab for students to explore. 100. worldwide. The Oak Harbor, Washington, micro area actually encompasses all of Whidbey Island. Top employers in Elko County include the Elko County School District and West Wendover Casinos. The Evergreen State makes the cut because it doesn't have an income tax. The best healthcare stocks offer investors a defensive hedge in an uncertain market. The 2014 slump in energy prices touched off the state's worst recession in three decades. Port Royal, Naples, Florida. That helps explain its inclusion on the list of small towns with high concentrations of millionaires. It has ranked in the top five of Outside magazine's best places to live in America, and Southern Methodist University once named it the "Most Vibrant Small Town Arts Environment in the United States. 9. Watch on. Be that as it may, property taxes as a percentage of home value are the lowest in the U.S. By this point in our list of small towns with the highest concentrations of millionaires, it should be clear that Western ski resort towns are mighty popular with people of means. Sponsored Content (opens in new tab) Previous Next 2/25 (Image credit: Getty Images) 24. Inverness is a suburb located some 33 miles northwest of downtown Chicago in Cook County. tech stocks The city continues to attract some very educated people; about 44% of adults in the area have at least Bachelor's Degrees. It's less than an hour away from Annapolis, the state capital, while Washington, D.C., and Baltimore can be reached by car in about 90 minutes (traffic willing). The rugged mountain terrain is ideal for hiking, mountain biking, camping, you name it. Sergey Brin. We have yet one of the Richest Cities in California on our list at the eight spot and that is Oxnard-Thousand Oaks-Ventura. Median household income: $80,513. 65 Best Dividend Stocks You Can Count On in 2020. With nearly a $12 million annual salary, Walters was one of the highest-paid news anchors . This unincorporated town in Essex County was founded by the inventor of the modern roller shade in the 1870s. The aforementioned Park City, which hosts Robert Redford's Sundance Film Festival, also boasts several world-class ski resorts. Across Missouri, 28.6% of adults have a four-year college education. If your ideal summer retreat is a lakeside getaway, you could hardly do better than Laconia. Happily, for all of Elko's residents, Nevada is a no-income-tax haven, and one of Kiplinger's top 10 most tax-friendly states. Fairfield County towns have made yet another list of the richest places in the U.S. Of all small cities and towns in Kansas, Fairway is the only one where most homes are worth more than $300,000. The typical Spring Creek home is worth $225,400, less than the $242,400 state median home value. : 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. Glencoe, IL. The boom times looked to be rolling again in North Dakota until COVID-19 gutted oil demand. Winnetka - $311,902. Loudoun County is located in the Commonwealth Virginia, with a population of 375,000 people. Batten the hatches for continued market tumult without eating high fees with these six Vanguard ETFs and mutual funds. Heber boasts world-class recreational activities for the wealthy and regular Joes alike. A wealthy suburb of the Omaha metro area, Papillion has grown from approximately 1,000 residents in 1950 to more than 20,000 today. Destrehan is a Census-designated place with 11,000 residents, located about 20 miles west of downtown New Orleans. Source: Bloomberg. Dan Burrows is Kiplinger's senior investing writer, having joined the august publication full time in 2016. Most homes in Pinecrest are worth over $900,000, while most Florida homes are worth less than $200,000. Greenville's median home value is more than triple that of New York state, at over $950,000. But the area offers a wealth of outdoor fun year-round. Median household income: $106,288 (state: $48,059), Median home value: $295,600 (state: $166,800). The typical household in Spring Creek earns $97,143 a year, far more than both the state median household income of $57,598 and the national median of $60,293. Analysts say a tough 2022 has left these small-cap stocks priced for outperformance in the new year and beyond. Median household income: $92,052 (state: $47,942), Poverty rate: 3.6% (state: 19.4%), Median home value: $234,500 (state: $157,800). Here's how Big Daddy Unlimited's subscription services . Incomes tend to rise with educational attainment, and in North Star, about two-thirds of adults have a bachelor's degree or higher, compared to fewer than one in every three adults across Delaware as a whole. Raleigh-Durham International Airport. Median household income: $114,801 (state: $78,084), Poverty rate: 4.2% (state: 9.9%), Median home value: $629,800 (state: $587,700). 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. To put it another way, the purchasing power of a dollar compared to the U.S. average is $1.13 in Birmingham and $0.79 in San Jose. Genesee has a median annual household income of nearly $160,000, more than double the state median. Initially a mining camp in the 19th century, Montana City has since developed into a wealthy suburb of approximately 2,800 residents. On the plus side, Alaska is one of the most tax-friendly states in the union (opens in new tab). Median household income: $105,000 (state: $57,422), Poverty rate: 2.7% (state: 12.4%), Median home value: $352,200 (state: $145,400). Check out the latest list of American small towns teeming with well-to-dos. France has been crowned the trendiest country in the world for 2023, according to the CEOWORLD magazines annual ranking of Life away from the big cities can be magical. Hidden Valley is a private residential community on the eastern edge of Indiana, just across the Ohio border from Cincinnati. Five-star skiing at the Deer Valley and Sundance ski resorts is roughly a half-hour away. ETFs It also can get a bit crowded. Fairfax County, which includes the independent cities of Fairfax City and Falls Church, remains one of the . America's 100 Richest Places. While many of the highest paying jobs tend to concentrate near large population centers, there are also smaller towns that are very prosperous. Top 100 cities with highest median household income Previous toplist Next toplist . Darien is the wealthiest small municipality in one of the wealthiest states. For the fourth straight year, Atherton topped Bloomberg's Richest Places annual index. Millionaires building second homes in the Steamboat Springs area have done more to push up house prices than wages. Topsham is a Census-designated place of approximately 6,100 residents located about 25 miles north of Portland, Maine. Like all Floridians, Key West's millionaires save a bundle on taxes. The Cannon River runs through town, and several parks and walking paths provide access to fishing, canoeing and kayaking. Median household income: $73,015 (state: $45,726), Poverty rate: 8.8% (state: 17.6%), Median home value: $170,700 (state: $123,300). 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. The typical home in Hampton is worth $358,300, far more than both the state median home value of $252,800 and the $204,900 national figure. The median in Jenks is tens of thousands of dollars higher, at over $93,000. As residents like to point out, few towns have a groomed ski area right in their downtown that is accessible to all. As a result, Hanover buzzes with a diverse mix of art, culture and outdoor sporting and recreational activities year-round. Tiny Elko, Nevada, owes its high concentration of millionaires to its status as the capital of Nevada's gold mining industry. Many high-income residents likely commute to high-paying jobs in the Seattle area. It is worth noting that the data used for this story represents a time before the coronavirus pandemic. Hard work is embedded in American culture. With an average household income of more than $525,000, it became the first and so far only community to . 11 March 2007: The tables provide GDP figures for cities and their surrounding urban areas in 2020. He remains on the Walmart board of directors, and is also the CEO of his own company, Arvest Bank. Buckner is a Census-designated place located about 20 miles northeast of Louisville. This combines to explain why the town is on the list of the 20 richest in New Jersey in 2019. Median household income: $132,587 (state: $52,413), Poverty rate: 1.7% (state: 15.4%), Median home value: $443,600 (state: $165,900). Does it really matter if Aunt Jemima and Uncle Ben get retired? Disclosure: Dan does not trade stocks or other securities. 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. Fully 8.7% of Heber's 9,567 households have at least $1 million in investable assets. As is typical among the cities and towns on this list, Essex Junction is within commuting distance of a larger urban area. On the downside, Minnesota is not a friendly state (opens in new tab) when it comes to taxes. We've rounded up the wealthiest citizens from 31 rich countries, including America, the UK, Canada, and Australia. Overall, Tulsa in 1921 was considered a modern, vibrant city. Whitefish Bay is a small village of 14,000 residents located less than 10 miles north of downtown Milwaukee. 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. Real estate values in Winchester reflect the area's high incomes.