Special Report

Richest City in Every State

Source: Kevin Ekmark / Flickr

Colorado: Highlands Ranch
> Median household income: $132,836 (state: $77,127)
> Households earning more than $200,000: 23.7% (state: 10.3%)
> Median home value: $519,000 (state: $394,600)
> Adults with a bachelor’s degree: 65.1% (state: 42.7%)
> 2019 unemployment rate: 2.5% (state: 3.7%)
> Population: 99,810

Highlands Ranch is a Census designated place located about 15 miles south of downtown Denver. With a median annual household income of $132,836, it is the wealthiest community in Colorado. Additionally, 23.7% of area households earn $200,000 or more annually, more than double the 8.5% share of all households nationwide.

As is often the case in the cities and towns on this list, Highlands Ranch residents are far less likely than most Americans to be unemployed. According to the Census, the average unemployment rate in the area in 2019 was just 2.5% — well below the 3.7% statewide rate and 4.5% national rate.

Source: DenisTangneyJr / Getty Images

Connecticut: Stamford
> Median household income: $100,713 (state: $78,833)
> Households earning more than $200,000: 20.4% (state: 13.2%)
> Median home value: $565,100 (state: $280,700)
> Adults with a bachelor’s degree: 53.3% (state: 39.8%)
> 2019 unemployment rate: 4.5% (state: 5.3%)
> Population: 129,636

Stamford is the only city in Connecticut where most households have an income of more than $100,000 a year. Additionally, more than one in every five households earn $200,000 or more per year. The city is located along the Long Island Sound and is only about an hour drive from midtown Manhattan — providing residents access to jobs in the largest metropolitan area in the country.

Not only is Stamford the wealthiest city in Connecticut, but it is also the best educated. Of all residents 25 and older, 53.3% have a bachelor’s degree or higher — well above the 39.8% share of adults in Connecticut and 33.1% share of all adults nationwide.

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Delaware: Wilmington
> Median household income: $47,722 (state: $70,176)
> Households earning more than $200,000: 3.4% (state: 7.4%)
> Median home value: $174,400 (state: $261,700)
> Adults with a bachelor’s degree: 29.0% (state: 33.2%)
> 2019 unemployment rate: 7.3% (state: 4.6%)
> Population: 70,164

Delaware is a small state, and Wilmington is the only city in its borders for which the Census ACS has 2019 data. Therefore, it ranks as the richest city in the state by default only. In fact, the typical Wilmington household earns just $47,722 a year, well below the median annual household income across the state of $70,176.

Due in part to lower incomes, Wilmington residents are more likely to rely on government support to afford basic needs. An estimated 23.7% of households in the city received SNAP benefits in 2019, compared to the statewide recipiency rate of 10.1%.

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Florida: Weston
> Median household income: $125,105 (state: $59,227)
> Households earning more than $200,000: 29.9% (state: 6.7%)
> Median home value: $494,700 (state: $245,100)
> Adults with a bachelor’s degree: 62.7% (state: 30.7%)
> 2019 unemployment rate: N/A (state: 4.5%)
> Population: 71,164

The Miami suburb of Weston is a planned community and the only city in Florida where most households have an income of over $100,000 a year.

Property values often mirror what local residents can afford, and in Weston, housing is expensive. The typical home in the area is worth about half a million dollars, roughly double the median home value across the state as a whole of $245,100.

Source: Thomson200 / Wikimedia Commons

Georgia: Johns Creek
> Median household income: $151,773 (state: $61,980)
> Households earning more than $200,000: 30.8% (state: 7.3%)
> Median home value: $437,200 (state: $202,500)
> Adults with a bachelor’s degree: 69.6% (state: 32.5%)
> 2019 unemployment rate: N/A (state: 4.8%)
> Population: 84,590

The typical household of Johns Creek earns an income of more than $150,000, more than double the median household income for the state of Georgia. At $437,200, houses in this suburb northeast of Atlanta are also more than twice as expensive as houses statewide.

Workers with a college degree typically earn higher wages than those without. In Johns Creek, nearly seven out of 10 residents 25 and older hold at least a bachelor’s degree, more than double the state and national bachelor’s degree attainment rates.

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