The American Dream promises to all the opportunity to attain financial security — and even wealth — through hard work. Just how widespread these opportunities are is a matter of debate, but there are towns that serve as evidence that the American Dream is alive and well, at least for some.
In almost every state — rich or poor — there is at least one town where most households earn far more than the typical state resident and the typical American. Though separated by vast distances, the states’ wealthiest towns often have more in common with each other than with other communities in the same state — even some that may be just a few miles down the road.
Almost without exception, the wealthiest towns have expensive real estate and are home to well-educated populations. With relatively high median incomes, they are also often home to large shares of extremely wealthy households — those earning $200,000 or more — and have relatively few residents living below the poverty line. Additionally, more often than not, the wealthiest town in each state is within commuting distance of a large city.
24/7 Wall St. reviewed the median annual household income in every American town with a population between 1,000 and 25,000 to identify the wealthiest town in each state. For comparison purposes, boroughs, census designated places, borough, cities, towns, and villages were all considered.