Genesee is a small Census designated place located less than 20 miles west of Denver. Genesee is the most highly-educated small city or town in Colorado, as 79% of residents 25 and older hold at least a bachelor's degree. Source: Bloomberg. For the fourth straight year, Atherton toppedBloomberg'sRichestPlaces annual index. 5). Hot springs, rafting, kayaking, fishing, hiking, mountain biking and golf, among many other activities, make Glenwood Springs a year-round destination. 1 city on the list is . More than one in every five households in the area earn over $200,000 a year. The village was originally incorporated in 1892 as a means to organize a school system for the children of farmers, and today it is the wealthiest small town in Wisconsin. Future US, Inc. Full 7th Floor, 130 West 42nd Street, In his current role at Kiplinger, Dan writes about equities, fixed income, currencies, commodities, funds, macroeconomics and more. As is often the case in the small cities and towns on this list, Winchester residents tend to be well educated. Great Falls is just across the Potomac River from Maryland and a short commute away from Washington, D.C., giving residents access to the many high-paying jobs available in the area in government and with government contractors. . All. You can sum up the appeal of Edwards in one word: skiing. With three major ski resorts and an abundance of other year-round recreational activities, it's easy to see the appeal for those with means. 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. 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. 24/7 Wall Street is a USA TODAY content partner offering financial news and commentary. "Sprawling residences set amidst landscaped gardens and a beautiful backdrop.". Today it has some of the most expensive homes in North Carolina. Rather, he dollar-cost averages into cheap funds and index funds and holds them forever in tax-advantaged accounts. Fairfax County, which includes the independent cities of Fairfax City and Falls Church, remains one of the . The surrounding area is home to a number of tech companies, including Intel and Tektronix and textile companies like Columbia Sportswear and Nike. With a median income of $123,220, Buckner is the wealthiest place in Kentucky. Loudoun County. By comparison, the median household income across Pennsylvania is $59,445. Settled by a diverse community of immigrant coal miners in the late 19th century, the population of Rock Springs has grown from 3,406 in 1890 to 23,633 today. All four have average incomes upwards of $400,000. Edgeworth is a small borough of approximately 1,600 residents located some 12 miles up the Ohio River from downtown Pittsburgh. Buzz60's Tony Spitz has the details. To determine America's richest towns, 24/7 Wall St. reviewed household income data from the U.S. Census Bureau's American Community Survey in every American town with a population of between . And don't forget the incomparable sunsets. Fly fishing, hiking and whitewater rafting draw folks to town in the summer months. Median household income: $92,688 (state: $74,057), Poverty rate: 4.3% (state: 7.9%), Median home value: $358,300 (state: $252,800). For year-round activities, the Heber Valley features five 18-hole championship golf courses, three state parks and a historic tourism railroad. These commodity ETFs offer investors exposure to the diverse asset class, which is a helpful hedge against inflation. 8. Fitness buffs have plenty of options: In the snowy Minnesota winter, you can cross-country ski along miles of groomed trails or snowshoe through Carleton's Cowling Arboretum. (See below for yet even more examples.) Median household income: $75,441 (state: $62,268), Poverty rate: 11% (state: 11.1%), Median home value: $217,400 (state: $213,300). It has long been a retreat for the well-to-do of the Mid-Atlantic seeking antique shops and solitude. Median household income: $159,167 (state: $50,972), Poverty rate: 0.8% (state: 16.1%), Median home value: $649,000 (state: $158,600). Laconia, New Hampshire. The typical household in Papillion earns $80,853 a year, the most of any small city or town in Nebraska and far more than the state median household income of $59,116. As a senior writer at AOL's DailyFinance, Dan reported market news from the floor of the New York Stock Exchange and hosted a weekly video segment on equities. By raw numbers, most millionaires in America can be found in and around big cities such as New York, Los Angeles and Chicago just as you would expect. Carson City, capital of the Silver State, is just 20 miles to the north of Gardnerville Ranchos, and high rollers can reach Reno's casinos in an hour. 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. But this comes at a cost. T-shirts, pillows, running shoes and even underwear are being sold, Hertz is selling thousands of used cars in its fleet in bankruptcy at bargain prices, Money tips and advice delivered right to your inbox. Skiing, luxury shopping, world famous film festivals the Summit Park, Utah, area has everything a millionaire could ask for and more. The typical Spring Creek home is worth $225,400, less than the $242,400 state median home value. . Atherton, the upscale community south of San Francisco, has been home to the former chairman of Google Eric Schmidt and brokerage boss Charles Schwab. The New Hampshire state capital is home to a horde of state, county, local and federal agencies and the law firms and professional agencies that support them. It also can get a bit crowded. The area sits between Lake Winnisquam and Lake Winnipesaukee in the middle of New Hampshire's famed Lakes Region. Dalton Gardens is north of Coeur d'Alene, Idaho, and across the border from Spokane, Washington, giving its residents access to two major population centers where they can find employment. The area's high incomes are supported by access to high-paying jobs in nearby urban centers, which in addition to New York City, include Norwalk and Stamford in Connecticut. And when demand finally started to improve, the COVID-19 pandemic slammed the energy sector. Winnetka - $311,902. "Being only 20 minutes away from Silicon Valley and 45 minutes to downtown San Francisco, [Atherton] is where many billionaires and C-Suite executives choose to reside," Rachel Swann, real-estate brokerage The Agency San Francisco managing partner, told CNBC Make It. 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. More than half of all adults in the area have a bachelor's degree or higher, compared to 35.3% of adults living in Washington state. You might think Palm Beach would easily . Oklahoma has one of the lower median household incomes among states, at $51,424. There are obviously more than a few high rollers in this area as the median household income is $121,149 and housing isn't much better at a median cost of $479,700. 10 Ridgewood, New Jersey . List of Top 10 Highest Paid News Anchors in India. Prince William County, Virginia $106,200 A home stands in Atherton, California, U.S., on Tuesday, Feb. 18, 2020. Oak Harbor itself plays host to nearby Naval Air Station Whidbey Island. Educational attainment is one of the largest determinants of income. South Carolina has one of the higher poverty rates among states, at 16%. The typical household earns $176,528 a year, more than twice the $68,411 state median household income and nearly three times the $60,293 national figure. Miami, Florida. Driving time: 6 hours, 14 minutes. While the median income in Essex Junction is about $15,000 more than the statewide median, it falls below the overall median in several other states, including neighboring Massachusetts and nearby Connecticut. (It's an in-state draw for all the millionaires from the Stamford area, too. 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. 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. Hefty income taxes and high property taxes make the Empire State one of Kiplinger's 10 least tax-friendly states. Tech billionaires, like former Google CEO Eric Schmidt, Facebook COO Sheryl Sandberg and late Microsoft co-founder Paul Allen, have called the richest town in America home where the average household income is more than $500,000 a year. 12 Cheapest Small Towns in America 2020. [2] Sree Venkateswara Swamy Temple. A suburb of Detroit, Bloomfield Hills is located less than 30 miles from Hamtramck, the poorest community in the state where most households earn less than $26,000 a year. Ireland, on the rise thanks to favorable corporate tax policies, is projected to hit #1 by 2027.; The resource-rich land with the world's biggest economy, the United States, ranks 9th on the list. It has a higher share of wealthy residents than any other small city or town in New York, with 56.9% of households earning at least $200,000 per year. Median homes prices top the U.S. median by more than $159,000. Heres how retirees can benefit from changes in required minimum distributions (RMDs), qualified longevity annuities and IRA catch-up contributions. AI stocks have been bloodied up in recent months, but the technology's relentlessly growing importance should see the sun shine on them again. Here in Utah, things couldn't be more odd. In fact, every season challenges the next for which is more beautiful.". NY 10036. This helps qualify Highland residents for the many high paying jobs available in the area, such as those in higher education, health care, and tech. The Aloha State is known for its high cost of living and a mixed picture when it comes to taxes (opens in new tab). In Topsham, 44.9% of adults have a bachelor's degree, one of the larger shares of any small city or town in Maine and far more than the state bachelor's degree attainment rate of 30.9%. Jim Walton is the last heir to the Walmart fortune. This unincorporated town in Essex County was founded by the inventor of the modern roller shade in the 1870s. Atherton is joined by Scarsdale, New York (No. Heres how it works. To clarify: That means they have at least $1 million in investable assets. New York, The Sunshine State is well known for its absence of a state income tax, which helps make it one of Kiplinger's 10 most tax-friendly states (opens in new tab). In many cases, the chef is why someone visits a restaurant. The Highest-Paid News Anchors in 2019 1. The typical household in Avondale Estates earns $108,299 a year, nearly twice the state median income of $55,679 and far more than the national figure of $60,293. Los Angeles, Chicago and Houston round out the top five . Even in one of the wealthiest states, Greenville stands out as especially affluent. Jackson is a town in Wyoming's famed Jackson Hole valley. And, hang in there until you're 100 and your income taxes are waived altogether. The median household income in Highland Lakes is more than triple the median income across Alabama as a whole. The small resort city about 160 miles west of Denver is loaded with fun stuff to do and not just in winter, when skiing is the main attraction in the Colorado Rockies. Easton's proximity to the beach, abundance of parks and good schools make for an idyllic small-town experience for residents. As is often the case in wealthy communities, Fairway has high real estate values. More importantly, it makes Laconia a relatively easy drive from points farther south where millionaires maintain their primary residences. 2020 At 9:44 pm. It's easy to see why Glenwood Springs is popular with millionaires. Walmart is the largest employer in Benton County, where Centerton is located. The aforementioned Park City, which hosts Robert Redford's Sundance Film Festival, also boasts several world-class ski resorts. Median household income: $106,288 (state: $48,059), Median home value: $295,600 (state: $166,800). Each has an average household income of over $400,000. Following Atherton is Scarsdale, New York, which is less than 25 miles away from Manhattan; Hillsborough, California, about 20 miles south of San Francisco; Cherry Hills Village, Colorado, a Denver suburb; and Los Altos Hills, California, near Silicon Valley. Complete list click for interactive table. Does it really matter if Aunt Jemima and Uncle Ben get retired? Hudson has become popular with millionaires and non-millionaires alike thanks to its myriad restaurants, art galleries and nightlife. Median household income: $213,801 (state: $79,363), Poverty rate: 3.9% (state: 10.4%), Median home value: $644,900 (state: $327,900). A far higher than average share of workers in Buckner work as health diagnosing and treating practitioners, which are generally high paying jobs. The town is centered by Hidden Valley Lake. The median home value in Hidden Valley is $196,800, more than $60,000 higher than the median home value in Indiana as a whole. Demand for oil is gradually coming back, but it is by no means taking off. Montana City is also home to some of the most expensive homes in the state. Around 276,400 millionaires, 623 centimillionaires and 62 billionaires live in the San Francisco Bay area, which includes Silicon Valley. Check out: The best credit cards of 2020 could earn you over $1,000 in 5 years, Get Make It newsletters delivered to your inbox, Learn more about the world of CNBC Make It, 2023 CNBC LLC. Unfortunately, some of the other state and local taxes aren't quite so taxpayer-friendly. High paying jobs typically require a college degree, and Destrehan residents are far more likely than the typical Louisiana resident to have a college education. The Beehive State isn't as tax-friendly as it used to be (opens in new tab). Weddington is a small town of approximately 11,000 residents located 16 miles south of downtown Charlotte. Greenwich and Darien, Connecticut. Median household income: $117,300 (state: $59,209), Poverty rate: 3.5% (state: 11.9%), Median home value: $373,200 (state: $173,600). Median household income: $127,351 (state: $59,393), Poverty rate: 4.8% (state: 14.1%), Median home value: $509,900 (state: $287,300). Roughly 35 miles south of the state capital of Albany, the area abuts the banks of you guessed it the Hudson River. But it's Colorado's status as a tax-friendly state for both retirees and working residents that helps make Edwards a great deal for year-round living.