Special Report

The Richest Town in Every State

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New Mexico: Los Alamos
> Median household income: $106,288 (state: $48,059)
> Poverty rate: 6.6% (state: 20.0%)
> Median home value: $295,600 (state: $166,800)
> Population: 12,373

A relatively low-income state, New Mexico is one of only seven states nationwide where most households earn less than $50,000 a year. Not all parts of the state are low income, however. In Los Alamos, most households earn over $100,000 a year.

The economy in Los Alamos is supported by the Los Alamos National Lab — a research and development center for the Department of Energy and the National Nuclear Security Administration. The facility has a nearly $3.0 billion annual budget and employs some 13,000 people — about two-thirds of whom have a college degree.

Source: Daniel Case / Wikimedia Commons

New York: Greenville
> Median household income: $222,115 (state: $65,323)
> Poverty rate: 3.3% (state: 14.6%)
> Median home value: $954,400 (state: $302,200)
> Population: 7,336

Greenville is a relatively short commute to New York City, providing its residents access to the many high-paying jobs. Even in one of the wealthiest states, Greenville stands out as especially affluent. It has a higher share of wealthy residents than any other small city or town in New York, with 56.9% of households earning at least $200,000 per year. Greenville’s median home value is more than triple that of New York state, at over $950,000.

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North Carolina: Weddington
> Median household income: $132,587 (state: $52,413)
> Poverty rate: 1.7% (state: 15.4%)
> Median home value: $443,600 (state: $165,900)
> Population: 10,574

Weddington is a small town of approximately 11,000 residents located 16 miles south of downtown Charlotte. The typical Weddington household earns $132,587 a year, more than twice the median household income of $60,886 in Charlotte and the state median of $52,413.

Largely agricultural for most of its history, Weddington began to develop more residential housing in the 1970s in tandem with the expansion of the Charlotte metro area. Today it has some of the most expensive homes in North Carolina. The typical home in Weddington is worth $443,600, the highest median home value of any small city or town in North Carolina and more than twice the $165,900 state median.

North Dakota: Horace
> Median household income: $131,354 (state: $63,473)
> Poverty rate: 1.5% (state: 10.9%)
> Median home value: $293,800 (state: $185,000)
> Population: 2,660

Horace is a small bedroom community located roughly 10 miles southwest of downtown Fargo. The population of Horace has grown rapidly over the past several decades, from 276 residents in 1970 to 2,660 today. The typical household in Horace today earns $131,354 a year, the most of any small town in North Dakota and more than twice the state median household income of $63,473.

What started as a small farming community in the 1870s now has some the most expensive homes in North Dakota. The typical home in Horace is worth $293,800, the most of place in North Dakota and far more than the median home value statewide of $185,000.

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Ohio: New Albany
> Median household income: $203,194 (state: $54,533)
> Poverty rate: 2.5% (state: 14.5%)
> Median home value: $494,600 (state: $140,000)
> Population: 10,896

New Albany is a suburb of the Columbus metro area, located less than 15 miles northeast of the Ohio state capital. The wealthiest place in the state, New Albany has a median household income of $203,194, nearly four times the income the typical Ohio household earns annually. Like many prosperous communities, New Albany is growing rapidly. In the last five years, the number of people living there jumped by 33.9%.

New Albany boasts 53 miles of walking trails, more than 2,000 acres of parkland, and a 5,000 acre business park. The typical home in New Albany is worth $494,600, more than three times the state median home value of $140,000.

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