Special Report
25 Richest Cities in America
May 16, 2018 3:56 pm
Last Updated: January 11, 2020 11:31 pm
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.
Click here to see the 25 richest cities in America.
Click here to see our detailed findings and methodology.
Sponsored: Tips for Investing
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.