21. Winchester, Massachusetts
> Town median household income: $143,017
> State median household income: $68,563 (6th highest)
> Town poverty rate: 3.4%
> Town population: 22,075
A suburb of Boston, people living in Winchester have access to a range of jobs in high paying businesses operating in the urban area. The typical Winchester household earns just over $143,000 a year, more than double the median income across Massachusetts of $68,563.
Like Massachusetts, Winchester’s adult population is very well educated. More than 72% of adults in the town have at least a college degree, well above the state percentage of 40.5%, itself the highest college attainment rate of all states.
22. Franklin, Michigan
> Town median household income: $143,289
> State median household income: $49,576 (19th lowest)
> Town poverty rate: 5.3%
> Town population: 3,198
While Michigan is one of the less wealthy states, the typical household in the village of Franklin earns $143,289 a year, $89,400 more than the typical U.S. household. Franklin became the first historic district in Michigan in 1969, and today it is home to a number of expensive historically-preserved homes built in Greek Revival, Colonial Revival, American Foursquare, and other vintage architectural styles. The typical home in Franklin is worth $478,500, nearly four times the $122,400 statewide median home value and far more than the $178,600 national median.
23. Carver, Minnesota
> Town median household income: $113,571
> State median household income: $61,492 (10th highest)
> Town poverty rate: <1%
> Town population: 4,136
The typical household in Carver, Minnesota earns $113,571 a year, the most of any town in the state. At an estimated less than 1% of Carver residents, the town has nearly the smallest poverty rate of any U.S. town.
Carver, which became one of the first historic districts in Minnesota in 1980, has numerous expensive, historically-preserved properties. The typical Carver home is worth $273,800, far more than the $186,200 state median home value.
24. Brandon, Mississippi
> Town median household income: $71,944
> State median household income: $39,665 (the lowest)
> Town poverty rate: 7.0%
> Town population: 22,897
One of the poorest places in the country, Mississippi is the only state where the median household income falls below $40,000 annually. Not all parts of the state report such low incomes, however. In Brandon, a town about 20 minutes drive from downtown Jackson and the state Capitol, the typical household earns about $32,300 more than the typical Mississippi household. Also, only 7.0% of town residents live in poverty compared to 22.5% of Mississippi residents.
25. Clarkson Valley, Missouri
> Town median household income: $162,452
> State median household income: $48,173 (15th lowest)
> Town poverty rate: 3.4%
> Town population: 2,634
Higher educational levels typically lead to higher paying job opportunities. In Missouri, only 27.1% of adults have at least a bachelor’s degree, a smaller share than in most states. In Clarkson Valley, however, more than three in every four adults have a bachelor’s degree, more than double the comparable 29.8% national share.
Higher educational attainment rates tend to help explain higher incomes, which in turn lead to higher home prices. The typical Clarkson Valley home is worth over $600,000, by far the most of any Missouri town with between 1,000 and 25,000 people.