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The richest town in every state

  • The richest town in every state

    Your hometown carries a lot of weight. Just naming the city, town, or suburb where you grew up immediately tells others something about you. Maybe it’s a suburban community renowned for the good school district and club soccer teams; perhaps it’s a bustling urban neighborhood filled with trendy bars and restaurants. Either way, the character of your hometown helps new acquaintances gain an initial understanding of who you are.

    This principle is especially true for the 50 places on this list. Each town holds the distinction of being the richest location in its state. Stacker used the most recent U.S. Census Bureau Five-Year American Community Survey data, last updated in December 2019, to pull crucial information about each town, including the unemployment rate and median household income. The places are ranked by the median household income, and ties are broken by the percentage of people annually earning more than $200,000. Any towns with a population smaller than 1,000 people were omitted. Additionally, the U.S. Census Bureau’s statistics do not show specific median incomes or earnings after $250,000, so those numbers are just designated as $250,000+.

    Of course, the year 2020 proved to be wildly out of the ordinary in many ways—and earning money and fueling the economy were among the challenges. You might be wondering if COVID-19 had an impact on these high-earning communities. The truth is, while the coronavirus pandemic ravaged communities across the nation and the world, these richest towns were largely spared. That’s because the industries hardest hit by the coronavirus were airlines, leisure facilities, oil and gas, auto parts, and restaurants, according to S&P Global Market Intelligence. The majority of these towns are fueled by the health care industry, education, finance, manufacturing, and real estate.

    So let’s get down to the list. Just saying the names of these towns immediately conjures up images of grand mansions, luxury cars, and ritzy restaurants. Read on to see which town in your home state took the title of the richest location and which place had the highest median income in the country. Who knows—your hometown might even be on this list.

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  • Alabama: Highland Lakes

    - Median household income: $151,055 (150.5% more than U.S. median income)
    - Households earning over $200,000: 614 (33.4%)
    - Median earnings for workers: $68,307 (male: $125,712; female: $57,167)
    - Civilian population with health insurance: 99.1%
    - Unemployment rate: 2.8%
    - Families with income below poverty level: 1.1%

    Highland Lakes, Alabama, is a small suburb less than an hour outside of Birmingham. The population, according to Data USA, is 5,500 as of 2018. The three largest ethnic groups in Highland Lakes are white non-Hispanic at 81.5%, Black non-Hispanic at 9.35%, and Asian non-Hispanic at 6.69%.

  • Alaska: Fishhook

    - Median household income: $101,667 (68.6% more than U.S. median income)
    - Households earning over $200,000: 188 (10.7%)
    - Median earnings for workers: $42,757 (male: $74,375; female: $56,033)
    - Civilian population with health insurance: 87.3%
    - Unemployment rate: 10.8%
    - Families with income below poverty level: 5%

    Fishhook, Alaska, is part of the greater Anchorage metropolitan area. Since the most recent census, the population has increased by 32.5%, according to World Population Review. Just over 84% of the population is white, 7% is two or more races, and 5% is Native American.

  • Arizona: Paradise Valley

    - Median household income: $204,145 (238.6% more than U.S. median income)
    - Households earning over $200,000: 2,772 (50.9%)
    - Median earnings for workers: $78,208 (male: $160,625; female: $64,907)
    - Civilian population with health insurance: 97.5%
    - Unemployment rate: 1.4%
    - Families with income below poverty level: 4%

    Paradise Valley, Arizona, a suburb of Phoenix, is one of the top tourist destinations in the state. It is known for its luxury golf courses, shopping, real estate, and dining. The top employers in the town, according to the 2018 Comprehensive Annual Financial Report, include five-star resorts like Camelback Inn, Omni Scottsdale Resort and Spa, and the InterContinental Montelucia Resort and Joya Spa.

  • Arkansas: Goshen

    - Median household income: $122,396 (103% more than U.S. median income)
    - Households earning over $200,000: 162 (23.4%)
    - Median earnings for workers: $59,375 (male: $88,125; female: $71,875)
    - Civilian population with health insurance: 97.4%
    - Unemployment rate: 2.8%
    - Families with income below poverty level: 1.2%

    Located in Washington County, Arkansas, the small town of Goshen is considered to be the wealthiest in the state. One of the main reasons for this is likely a high level of education. It is one of the most educated towns in the state, with 37% of the population holding a bachelor’s degree. According to Niche, the national percentage is 19%. In addition, 16% of Goshen’s residents have a master’s degree or higher.

  • California: Monte Sereno

    - Median household income: $250,000+
    - Households earning over $200,000: 757 (66.5%)
    - Median earnings for workers: $144,050 (male: $250,000+; female: $143,942)
    - Civilian population with health insurance: 98.9%
    - Unemployment rate: 3.9%
    - Families with income below poverty level: 1.8%

    Perched on the outskirts of Silicon Valley, the residential Monte Sereno in California is a bedroom community that houses some of the brightest minds in the world. The entire community is residential, with no commercial activity. Residents use the retail facilities in nearby Saratoga and Los Gatos.

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  • Colorado: Cherry Hills Village

    - Median household income: $250,000+
    - Households earning over $200,000: 1,261 (58.4%)
    - Median earnings for workers: $101,739 (male: $214,022; female: $90,500)
    - Civilian population with health insurance: 98.4%
    - Unemployment rate: 2%
    - Families with income below poverty level: 4.1%

    Cherry Hills Village is part of the Denver-Aurora-Lakewood area in Colorado, and is one of the wealthiest places in the country. The largest percentage of employed residents in Cherry Hills Village works in professional, scientific, or technical services, according to Best Places. The next largest percentage works in health care.

  • Connecticut: Old Greenwich

    - Median household income: $233,519 (287.3% more than U.S. median income)
    - Households earning over $200,000: 1,325 (60.6%)
    - Median earnings for workers: $101,078 (male: $209,250; female: $102,759)
    - Civilian population with health insurance: 97.3%
    - Unemployment rate: 1.8%
    - Families with income below poverty level: 3.4%

    Old Greenwich is a coastal neighborhood in Connecticut that is part of the larger Greenwich town. Old Greenwich is known for its stately U.S. history, as it was founded in the 17th century, and many of its buildings and residences are designated as historic places. NeighborhoodScout has analyzed that more than 44% of the residents in Old Greenwich have a master’s degree or higher, which is higher than more than 98% of the country. More than 64% of residents work in executive, management, or professional occupations.

  • Delaware: North Star

    - Median household income: $141,533 (134.7% more than U.S. median income)
    - Households earning over $200,000: 664 (24.1%)
    - Median earnings for workers: $59,659 (male: $104,609; female: $75,793)
    - Civilian population with health insurance: 97.9%
    - Unemployment rate: 2.9%
    - Families with income below poverty level: 1%

    A suburb of Philadelphia, North Star, Delaware, is one of the wealthiest communities in the nation. One of the most educated places in the nation, NeighborhoodScout reports that 33.5% of the residents have a master's degree or higher. More than 65% of the residents work as professionals, managers, or executives.

  • Florida: Pinecrest

    - Median household income: $153,417 (154.5% more than U.S. median income)
    - Households earning over $200,000: 2,144 (35.5%)
    - Median earnings for workers: $52,738 (male: $112,992; female: $61,763)
    - Civilian population with health insurance: 93.9%
    - Unemployment rate: 4%
    - Families with income below poverty level: 4.7%

    Pinecrest, Florida, is a suburb of Miami, located in Miami-Dade County. The affluent community is highly educated, with 34% of the population holding a master’s degree or higher, according to Niche. The community has strong racial diversity, as well, with 46% of the population of Hispanic origin, 43% is white, and 7% is Asian.

  • Georgia: Berkeley Lake

    - Median household income: $131,339 (117.8% more than U.S. median income)
    - Households earning over $200,000: 203 (28.1%)
    - Median earnings for workers: $63,625 (male: $108,281; female: $66,250)
    - Civilian population with health insurance: 95.6%
    - Unemployment rate: 6.7%
    - Families with income below poverty level: 2%

    Berkeley Lake is a suburb of Atlanta. The town is named for the 88-acre lake of the same name. Berkeley Lake is a highly educated town, with 25% of the population holding a master’s degree or higher, and 38% have a bachelor’s degree. According to BestPlaces, the largest percentage of residents work in health care, while the second highest percentage works in professional, scientific, or technical services.

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