Special Report
Richest Town in Every State
May 24, 2018 3:20 pm
Last Updated: January 11, 2020 11:11 pm
16. Kansas: Fairway
> Median household income: $102,821 (state: $53,571)
> Households earning $200,000 or more: 23.7% (state: 4.0%)
> Adults with at least a bachelor’s degree: 71.7% (state: 31.6%)
> Median home value: $335,800 (state: $135,300)
> Population: 3,964
Fairway is the only town or small city in Kansas where over half of all households earn six-figure incomes, making it by far the wealthiest town in the state. Real estate is expensive in Fairway, which may partially explain the concentration of high-income residents. The typical Fairway home is worth $335,800 — over $100,000 more than the median home value in Prairie Village, the town with the second most expensive real estate in Kansas.
17. Kentucky: Indian Hills
> Median household income: $159,737 (state: $44,811)
> Households earning $200,000 or more: 40.5% (state: 2.9%)
> Adults with at least a bachelor’s degree: 81.3% (state: 22.7%)
> Median home value: $468,900 (state: $126,100)
> Population: 2,953
The typical Indian Hills household earns $159,737 a year, more than triple the median income across Kentucky of $44,811. Like many high-income areas, a far smaller than typical share of Indian Hills residents struggle financially. Though Kentucky’s 18.8% poverty rate is nearly the highest of any state, in Indian Hills, just 1.7% of the population live below the poverty line, one of the lowest poverty rates of any town in the country.
18. Louisiana: Zachary
> Median household income: $75,472 (state: $45,652)
> Households earning $200,000 or more: 6.7% (state: 3.7%)
> Adults with at least a bachelor’s degree: 34.3% (state: 23.0%)
> Median home value: $206,300 (state: $148,300)
> Population: 16,154
Louisiana is one of the poorest states in the country. The typical household in the state earns $45,652 a year, nearly $10,000 less than the typical American household. Additionally, about one in every five state residents live below the poverty line, the third highest poverty rate of any state.
Despite the high statewide poverty rate and low median income, some parts of Louisiana are affluent. In Zachary, a small city just north of Baton Rouge, the median household income is $75,472 a year, about $20,000 more than the median income nationwide. Additionally, the town’s 8.8% poverty rate is well below the national poverty rate of 15.1%.
19. Maine: Saco
> Median household income: $59,740 (state: $50,826)
> Households earning $200,000 or more: 4.7% (state: 3.3%)
> Adults with at least a bachelor’s degree: 32.5% (state: 29.3%)
> Median home value: $232,200 (state: $176,000)
> Population: 19,008
The median household income in Maine of $50,826 a year is about $4,500 less than the median income nationwide. Even in the wealthiest town in the state, the median income is relatively modest. The typical household in Saco earns $59,740 a year, only about $4,400 more than the typical American household.
Despite ranking as the wealthiest town in Maine, Saco is home to a relatively small share of extremely wealthy households. Just 4.7% of area households earn $200,000 or more per year compared to 5.7% of households nationwide.
20. Maryland: Travilah
> Median household income: $215,688 (state: $76,067)
> Households earning $200,000 or more: 52.9% (state: 9.7%)
> Adults with at least a bachelor’s degree: 78.8% (state: 38.4%)
> Median home value: $1,055,400 (state: $290,400)
> Population: 11,858
Travilah, Maryland, is the wealthiest town in the wealthiest state. The typical household in Travilah earns $215,688 a year, nearly triple Maryland’s median income of $76,067, which is the highest of any state. The area’s high incomes are largely attributable to high-paying government and contracting jobs in and around the nation’s capital — which is less than 20 miles away.
Like many cities on this list, Travilah is an expensive place to live. It is the only town in Maryland where over half of all homes are worth over $1 million.
Sponsored: Find a Qualified Financial Advisor
Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.