Special Report
The Richest Town in Every State
May 16, 2017 1:10 pm
Last Updated: January 12, 2020 11:57 am
36. Jenks, Oklahoma
> Town median household income: $86,747
> State median household income: $46,879 (11th lowest)
> Town poverty rate: 3.6%
> Town population: 19,030
The typical household in Jenks earns $86,747 annually, or nearly $40,000 more than the typical Oklahoma household. Higher incomes in the area can be attributed to a host of factors — including a high educational attainment rate. Some 46.6% of adults in Jenks have at least a bachelor’s degree, the largest share of any town in the state, and well above the comparable 29.8% share nationwide.
37. Bethany, Oregon
> Town median household income: $116,535
> State median household income: $51,243 (23rd lowest)
> Town poverty rate: 2.5%
> Town population: 22,346
Bethany is the only town in Oregon with a population between 1,000 and 25,000 with a six-figure median household income. The high median income in the Portland suburb means a relatively small share of the population lives in poverty. Only about 2.5% of the town’s 22,000 plus residents live in poverty, a small fraction of the state’s 16.5% poverty rate. Bethany is one of the very few towns in Oregon where the typical home is worth over $400,000.
38. Edgeworth, Pennsylvania
> Town median household income: $155,170
> State median household income: $53,599 (21st highest)
> Town poverty rate: 2.2%
> Town population: 1,657
Edgeworth, Pennsylvania, the most affluent town in the state, is a Pittsburgh suburb located on the north bank of the Ohio River. High home values tend to reflect the desirability of a particular real estate market, as well as the disposable incomes of area residents. The typical area home is worth $478,500, nearly three times the median home value statewide. In addition to high incomes, infrastructural amenities likely drive up real estate value.
39. Cumberland Hill, Rhode Island
> Town median household income: $77,164
> State median household income: $56,852 (19th highest)
> Town poverty rate: 4.5%
> Town population: 8,439
The town of Cumberland Hill is located in the northeast corner of Rhode Island, not far from the Massachusetts state border. The wealthiest town in the state, the typical Cumberland Hill household earns $77,164 a year, about $20,000 more than the statewide median income.
Despite higher incomes, real estate values in Cumberland Hill closely resemble home values across Rhode Island. A typical home in Cumberland Hill is worth about $240,600, in line with the $238,000 median home value statewide.
40. Five Forks, South Carolina
> Town median household income: $115,050
> State median household income: $45,483 (9th lowest)
> Town poverty rate: 1.5%
> Town population: 16,398
Residents of the Greenville suburb of Five Forks are the highest earners in South Carolina. While South Carolina as a whole is a relatively poor state, Five Forks residents tend to be anything but — over half of all area households earn six-figures annually.
The town’s affluence is also reflected in the relatively small share of residents facing serious financial hardship. Only 1.5% of the Five Forks population live on poverty level incomes, the smallest share of any town in the state and well below the 15.5% national poverty rate.
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