The Richest Town in Each State
6. Castle Pines, Colorado
> Town median household income: $138,349
> State median household income: $58,433
> Town population: 10,471
Colorado is a relatively wealthy state, with a median household income of $58,433, the 14th highest rate in the country. In Castle Pines, a recently-incorporated city on the outskirts of Denver, the typical household earned nearly $80,000 more than that. In addition to having high household income, the percentage of area households earning $10,000 was nearly zero.
7. Newtown, Connecticut
> Town median household income: $116,771
> State median household income: $69,461
> Town population: 2,067
Newtown households had a median income of $116,771, the highest in the state. Connecticut itself had the fourth highest median household income of all states. Like the richest towns in the vast majority of states, Newtown’s poverty rate was among the lowest in the country. While 95% of area adults had at least a high school diploma — well above the national rate — the percentage was actually on the lower end compared with the richest towns of most other states.
8. Middletown, Delaware
> Town median household income: $80,443
> State median household income: $59,878
> Town population: 19,064
Nearly 10% of Delaware’s workforce was employed in financial, insurance, or real estate jobs, the highest compared to all states. In Middletown, these typically high-paying professions accounted for nearly 16% of the area’s workforce, well above the state rate as well as every other Delaware town reviewed.
9. Key Biscayne, Florida
> Town median household income: $121,624
> State median household income: $46,956
> Town population: 12,560
The homeownership rate in Key Biscayne, like in most rich towns, was relatively high. More than three-quarters of Key Biscayne housing units were owned by their occupants. In contrast, the nationwide homeownership rate was roughly 65%. The town’s median household income of $121,624 was more than double the state median income.
10. Tyrone, Georgia
> Town median household income: $85,188
> State median household income: $49,179
> Town population: 6,933
While Tyrone’s poverty rate of 8.3% was lower than the national rate of 15.4% and less than half the state’s rate of 18.2%, it was considerably worse than the poverty rates of the richest towns in the vast majority of states. Nearly 17% of the area’s workforce was employed in the transportation, warehousing, and utilities industry, several times higher than the statewide proportion of 5.9%, which itself was the fourth highest compared to other states. These jobs often tend to be lower-wage occupations.