Home to just 4% of the world’s population and nearly 25% of global economic activity, the United States is one of the richest countries in the world.
This wealth tends to cluster in certain very affluent areas of the country. In every state, there is at least one town in which most households have an income greater than the U.S. median annual household income of $57,652.
24/7 Wall St. reviewed the median annual household income in over 2,600 cities, towns, villages, and census designated places to identify the richest town in every state. We only considered areas with populations between 1,000 and 25,000. To ensure accuracy, we only considered places where the margin of error for population and median household income was less than 10%.
All data on income, education, poverty, and demographics are five-year estimates from the U.S. Census Bureau’s 2017 American Community Survey.
Even in poorer states like West Virginia and Mississippi, there are towns that are relatively affluent. The reason these towns stand out may be due in large part to education. In 48 of the 50 states, the wealthiest town’s bachelor’s degree attainment rate is greater than that of the state. Those with college degrees tend to have much higher incomes and many of the best educated cities are also very affluent.