25 Richest Cities in America
Incomes have been on the rise in the United States for the last several years, but of course income levels are not uniform nationwide. According to the U.S. Census Bureau, the typical American household earns $57,617 per year. In some U.S. cities, however, more than half of all households earn well over $70,000 per year.
The median household income in a given city is closely tied to several factors. The wealthiest metropolitan areas are typically home to large college-educated populations. They also have a healthy job market and a concentration of industries that tend to pay higher wages.
The wealthiest cities in the country also tend be geographically concentrated. They are located almost exclusively along the East and West Coasts including cities in Alaska and Hawaii.
24/7 Wall St. reviewed income levels in 382 metropolitan areas to identify the 25 richest cities in America. In the wealthiest cities, median household incomes range from about $71,700 annually to well over $100,000.