Special Report

The Richest Town in Every State

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With a $23.3 trillion economy – accounting for nearly a quarter of global economic output in 2021 – the United States is the wealthiest country in the world by a wide margin. But despite its economic strength, the U.S. is also home to some of the world’s highest levels of income inequality. According to the World Bank, the wealth gap between the rich and poor in the U.S. is more pronounced than in China, Russia, or any highly developed European country with available data. 

The latest available figures from the U.S. Census Bureau show that more than 41 million Americans live below the poverty line, which for a single household, for example, means (in most of the country) they live on an annual income of $14,580 orless. Meanwhile, at the other end of the spectrum, nearly 12.5 million American households earn more than $200,000 a year, and over 23% of all income in the U.S. is controlled by the top 5% of households by earnings.

Not only concentrated in the hands of a relative few, wealth is also geographically concentrated in the United States. Across the country, there are communities defined, at least in part, by their affluence – wealthy enclaves where incomes far exceed that of the average American household. 

Using five-year data from the U.S. Census Bureau’s 2021 American Community Survey, 24/7 Wall St. identified the richest town in every state. Towns – defined for the purposes of this story as any community with populations between 1,000 and 25,000 people – were ranked on average household income. 

In every town on this list, the average household income exceeds the $97,196 national average by more than $21,000. In half of all states, the average household income in the wealthiest town exceeds the national average by hundreds of thousands of dollars. 

Incomes tend to rise with education levels in the United States, and the vast majority of towns on this list have well-educated populations. Nationwide, 33.7% of adults 25 and older have at least a bachelor’s degree. In all but nine towns on this list, the bachelor’s degree attainment rate exceeds 50%. (This is where the 25 richest American billionaires went to college.)

Not surprisingly, the high incomes in these communities are reflected in property values. In the vast majority of towns on this list, the typical home is worth over half a million dollars. (These are the states with the worst housing shortages for low income Americans.)

Click here to see the richest town in every state.

Click here to see our detailed methodology.

Source: Public Domain / Wikimedia Commons

Alabama: Mountain Brook
> Avg. household income: $249,818 (Alabama: $76,150)
> Adults with a bachelor’s degree or higher: 86.0% (Alabama: 26.7%)
> Median home value: $697,800 (Alabama: $157,100)
> Population: 22,184
> No. of towns considered in ranking: 298

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Alaska: Steele Creek
> Avg. household income: $151,203 (Alaska: $103,258)
> Adults with a bachelor’s degree or higher: 35.1% (Alaska: 30.6%)
> Median home value: $274,900 (Alaska: $282,800)
> Population: 7,399
> No. of towns considered in ranking: 70

Source: Focqus, LLC / iStock via Getty Images

Arizona: Paradise Valley
> Avg. household income: $359,522 (Arizona: $89,693)
> Adults with a bachelor’s degree or higher: 71.7% (Arizona: 31.2%)
> Median home value: $1,778,000 (Arizona: $265,600)
> Population: 12,666
> No. of towns considered in ranking: 169

Source: Courtesy of Goshen Arkansas Fire Department via Facebook

Arkansas: Goshen
> Avg. household income: $192,359 (Arkansas: $73,346)
> Adults with a bachelor’s degree or higher: 69.4% (Arkansas: 24.3%)
> Median home value: $447,300 (Arkansas: $142,100)
> Population: 2,500
> No. of towns considered in ranking: 193

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California: Atherton
> Avg. household income: $539,944 (California: $119,149)
> Adults with a bachelor’s degree or higher: 84.6% (California: 35.3%)
> Median home value: $2,000,000+ (California: $573,200)
> Population: 7,181
> No. of towns considered in ranking: 758

Colorado: Cherry Hills Village
> Avg. household income: $464,068 (Colorado: $107,446)
> Adults with a bachelor’s degree or higher: 86.0% (Colorado: 42.8%)
> Median home value: $2,000,000+ (Colorado: $397,500)
> Population: 6,426
> No. of towns considered in ranking: 186

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Source: Courtesy of Tokeneke Club via Facebook

Connecticut: Tokeneke
> Avg. household income: $611,239 (Connecticut: $120,670)
> Adults with a bachelor’s degree or higher: 96.2% (Connecticut: 40.6%)
> Median home value: $2,000,000+ (Connecticut: $286,700)
> Population: 2,656
> No. of towns considered in ranking: 133

Source: John M. Chase / iStock Unreleased via Getty Images

Delaware: Rehoboth Beach
> Avg. household income: $255,755 (Delaware: $97,081)
> Adults with a bachelor’s degree or higher: 67.9% (Delaware: 33.6%)
> Median home value: $1,186,900 (Delaware: $269,700)
> Population: 1,392
> No. of towns considered in ranking: 50

Source: Sean Pavone / iStock via Getty Images

Florida: Palm Beach
> Avg. household income: $332,764 (Florida: $88,267)
> Adults with a bachelor’s degree or higher: 68.6% (Florida: 31.5%)
> Median home value: $1,523,100 (Florida: $248,700)
> Population: 9,175
> No. of towns considered in ranking: 605

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Georgia: Druid Hills
> Avg. household income: $209,785 (Georgia: $91,082)
> Adults with a bachelor’s degree or higher: 87.0% (Georgia: 33.0%)
> Median home value: $698,000 (Georgia: $206,700)
> Population: 8,611
> No. of towns considered in ranking: 336

Source: jewhyte / iStock via Getty Images

Hawaii: Kaanapali
> Avg. household income: $223,037 (Hawaii: $113,310)
> Adults with a bachelor’s degree or higher: 49.1% (Hawaii: 34.3%)
> Median home value: $1,317,100 (Hawaii: $662,100)
> Population: 1,164
> No. of towns considered in ranking: 115

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Idaho: Hidden Spring
> Avg. household income: $180,783 (Idaho: $83,777)
> Adults with a bachelor’s degree or higher: 59.8% (Idaho: 29.1%)
> Median home value: $523,400 (Idaho: $266,500)
> Population: 3,382
> No. of towns considered in ranking: 88

Source: UrAveragePhotographer / Getty Images

Illinois: Winnetka
> Avg. household income: $417,007 (Illinois: $100,719)
> Adults with a bachelor’s degree or higher: 90.4% (Illinois: 36.2%)
> Median home value: $1,123,700 (Illinois: $212,600)
> Population: 12,658
> No. of towns considered in ranking: 624

Indiana: Meridian Hills
> Avg. household income: $278,878 (Indiana: $81,703)
> Adults with a bachelor’s degree or higher: 79.4% (Indiana: 27.8%)
> Median home value: $554,900 (Indiana: $158,500)
> Population: 1,736
> No. of towns considered in ranking: 310

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Iowa: Kent Estates
> Avg. household income: $172,590 (Iowa: $84,948)
> Adults with a bachelor’s degree or higher: 59.5% (Iowa: 29.7%)
> Median home value: $314,700 (Iowa: $160,700)
> Population: 1,944
> No. of towns considered in ranking: 267

Kansas: Mission Hills
> Avg. household income: $444,346 (Kansas: $87,033)
> Adults with a bachelor’s degree or higher: 87.9% (Kansas: 34.4%)
> Median home value: $963,400 (Kansas: $164,800)
> Population: 3,579
> No. of towns considered in ranking: 189

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Kentucky: Anchorage
> Avg. household income: $305,118 (Kentucky: $76,511)
> Adults with a bachelor’s degree or higher: 78.7% (Kentucky: 25.7%)
> Median home value: $707,100 (Kentucky: $155,100)
> Population: 2,607
> No. of towns considered in ranking: 225

Source: Public Domain / Wikimedia Commons

Louisiana: Des Allemands
> Avg. household income: $139,761 (Louisiana: $77,025)
> Adults with a bachelor’s degree or higher: 9.0% (Louisiana: 25.5%)
> Median home value: $122,800 (Louisiana: $174,000)
> Population: 2,342
> No. of towns considered in ranking: 261

Source: Public Domain / Wikimedia Commons

Maine: Falmouth Foreside
> Avg. household income: $204,669 (Maine: $83,914)
> Adults with a bachelor’s degree or higher: 83.6% (Maine: 33.6%)
> Median home value: $581,300 (Maine: $212,100)
> Population: 1,811
> No. of towns considered in ranking: 105

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Maryland: Chevy Chase Village
> Avg. household income: $489,515 (Maryland: $120,234)
> Adults with a bachelor’s degree or higher: 96.5% (Maryland: 41.6%)
> Median home value: $1,938,800 (Maryland: $338,500)
> Population: 1,858
> No. of towns considered in ranking: 275

Massachusetts: Dover
> Avg. household income: $432,571 (Massachusetts: $123,174)
> Adults with a bachelor’s degree or higher: 83.5% (Massachusetts: 45.2%)
> Median home value: $1,020,700 (Massachusetts: $424,700)
> Population: 2,413
> No. of towns considered in ranking: 159

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Michigan: Orchard Lake Village
> Avg. household income: $355,008 (Michigan: $85,727)
> Adults with a bachelor’s degree or higher: 66.1% (Michigan: 30.6%)
> Median home value: $727,100 (Michigan: $172,100)
> Population: 2,351
> No. of towns considered in ranking: 382

Source: Courtesy of Orono Public Schools via Facebook

Minnesota: Orono
> Avg. household income: $306,372 (Minnesota: $102,691)
> Adults with a bachelor’s degree or higher: 68.4% (Minnesota: 37.6%)
> Median home value: $766,700 (Minnesota: $250,200)
> Population: 8,252
> No. of towns considered in ranking: 314

Source: Courtesy of Pleasant Hills Resort via Facebook

Mississippi: Pleasant Hill
> Avg. household income: $187,029 (Mississippi: $68,636)
> Adults with a bachelor’s degree or higher: 45.0% (Mississippi: 23.2%)
> Median home value: $269,500 (Mississippi: $133,000)
> Population: 1,374
> No. of towns considered in ranking: 185

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Source: Courtesy of Ladue Horton Watkins High School Class of 1988 via Facebook

Missouri: Ladue
> Avg. household income: $384,815 (Missouri: $83,152)
> Adults with a bachelor’s degree or higher: 84.8% (Missouri: 30.7%)
> Median home value: $844,700 (Missouri: $171,800)
> Population: 8,949
> No. of towns considered in ranking: 347

Source: Courtesy of City of Helena, Local Government via Facebook

Montana: Helena Valley Northeast
> Avg. household income: $142,825 (Montana: $82,237)
> Adults with a bachelor’s degree or higher: 45.5% (Montana: 33.7%)
> Median home value: $373,500 (Montana: $263,700)
> Population: 3,607
> No. of towns considered in ranking: 89

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Source: Ammodramus / Wikimedia Commons / Public Domain

Nebraska: Hickman
> Avg. household income: $119,081 (Nebraska: $87,815)
> Adults with a bachelor’s degree or higher: 43.2% (Nebraska: 32.9%)
> Median home value: $224,500 (Nebraska: $174,100)
> Population: 2,552
> No. of towns considered in ranking: 115

Source: Wirestock / iStock Editorial via Getty Images

Nevada: Incline Village
> Avg. household income: $198,214 (Nevada: $89,562)
> Adults with a bachelor’s degree or higher: 59.7% (Nevada: 26.1%)
> Median home value: $1,042,700 (Nevada: $315,900)
> Population: 9,440
> No. of towns considered in ranking: 46

Source: Jorisvo / iStock via Getty Images

New Hampshire: Hanover
> Avg. household income: $184,742 (New Hampshire: $108,061)
> Adults with a bachelor’s degree or higher: 86.1% (New Hampshire: 38.2%)
> Median home value: $610,900 (New Hampshire: $288,700)
> Population: 8,813
> No. of towns considered in ranking: 60

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New Jersey: Short Hills
> Avg. household income: $428,352 (New Jersey: $124,626)
> Adults with a bachelor’s degree or higher: 88.2% (New Jersey: 41.5%)
> Median home value: $1,389,900 (New Jersey: $355,700)
> Population: 14,500
> No. of towns considered in ranking: 507

Source: Courtesy of The Club at Las Campanas via Facebook

New Mexico: Las Campanas
> Avg. household income: $246,737 (New Mexico: $74,363)
> Adults with a bachelor’s degree or higher: 78.3% (New Mexico: 28.5%)
> Median home value: $1,075,900 (New Mexico: $184,800)
> Population: 1,280
> No. of towns considered in ranking: 144

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Source: 30484128@N03 / Flickr

New York: Brookville
> Avg. household income: $617,173 (New York: $111,583)
> Adults with a bachelor’s degree or higher: 82.0% (New York: 38.1%)
> Median home value: $2,000,000+ (New York: $340,600)
> Population: 2,937
> No. of towns considered in ranking: 773

Source: blightylad-infocus / iStock Editorial via Getty Images

North Carolina: Biltmore Forest
> Avg. household income: $317,802 (North Carolina: $84,888)
> Adults with a bachelor’s degree or higher: 83.1% (North Carolina: 33.0%)
> Median home value: $1,074,500 (North Carolina: $197,500)
> Population: 1,670
> No. of towns considered in ranking: 413

North Dakota: Horace
> Avg. household income: $188,255 (North Dakota: $89,443)
> Adults with a bachelor’s degree or higher: 43.2% (North Dakota: 31.1%)
> Median home value: $378,700 (North Dakota: $209,900)
> Population: 3,141
> No. of towns considered in ranking: 50

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Source: Courtesy of Coldstream Country Club via Facebook

Ohio: Coldstream
> Avg. household income: $371,209 (Ohio: $83,820)
> Adults with a bachelor’s degree or higher: 83.6% (Ohio: 29.7%)
> Median home value: $623,000 (Ohio: $159,900)
> Population: 1,461
> No. of towns considered in ranking: 627

Oklahoma: Nichols Hills
> Avg. household income: $337,257 (Oklahoma: $78,040)
> Adults with a bachelor’s degree or higher: 80.6% (Oklahoma: 26.8%)
> Median home value: $740,200 (Oklahoma: $150,800)
> Population: 3,866
> No. of towns considered in ranking: 226

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Oregon: Dunthorpe
> Avg. household income: $428,601 (Oregon: $94,034)
> Adults with a bachelor’s degree or higher: 79.7% (Oregon: 35.0%)
> Median home value: $1,347,400 (Oregon: $362,200)
> Population: 1,762
> No. of towns considered in ranking: 202

Pennsylvania: Messiah College
> Avg. household income: $390,363 (Pennsylvania: $92,849)
> Adults with a bachelor’s degree or higher: 90.0% (Pennsylvania: 33.1%)
> Median home value: N/A (Pennsylvania: $197,300)
> Population: 2,095
> No. of towns considered in ranking: 955

Source: JERRYE & ROY KLOTZ, M.D. / Wikimedia Commons

Rhode Island: Charlestown
> Avg. household income: $134,740 (Rhode Island: $97,908)
> Adults with a bachelor’s degree or higher: 50.5% (Rhode Island: 35.3%)
> Median home value: $425,700 (Rhode Island: $292,600)
> Population: 1,482
> No. of towns considered in ranking: 20

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Source: KathyKafka / iStock via Getty Images

South Carolina: Kiawah Island
> Avg. household income: $366,392 (South Carolina: $81,142)
> Adults with a bachelor’s degree or higher: 87.4% (South Carolina: 29.8%)
> Median home value: $1,442,000 (South Carolina: $181,800)
> Population: 1,964
> No. of towns considered in ranking: 246

Source: courtesy of dakotadunescountryclub via Facebook

South Dakota: Dakota Dunes
> Avg. household income: $166,304 (South Dakota: $83,175)
> Adults with a bachelor’s degree or higher: 55.6% (South Dakota: 30.0%)
> Median home value: $376,900 (South Dakota: $187,800)
> Population: 3,688
> No. of towns considered in ranking: 77

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Source: csfotoimages / iStock Editorial via Getty Images

Tennessee: Belle Meade
> Avg. household income: $434,848 (Tennessee: $82,012)
> Adults with a bachelor’s degree or higher: 87.0% (Tennessee: 29.0%)
> Median home value: $1,662,100 (Tennessee: $193,700)
> Population: 3,016
> No. of towns considered in ranking: 278

Texas: Hunters Creek Village
> Avg. household income: $477,852 (Texas: $94,115)
> Adults with a bachelor’s degree or higher: 83.1% (Texas: 31.5%)
> Median home value: $1,846,200 (Texas: $202,600)
> Population: 4,397
> No. of towns considered in ranking: 905

Source: Sean Pavone / iStock via Getty Images

Utah: East Basin
> Avg. household income: $281,879 (Utah: $101,412)
> Adults with a bachelor’s degree or higher: 64.9% (Utah: 35.4%)
> Median home value: $839,500 (Utah: $339,700)
> Population: 3,310
> No. of towns considered in ranking: 137

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Source: ErikaMitchell / iStock Editorial via Getty Images

Vermont: Woodstock
> Avg. household income: $127,822 (Vermont: $89,820)
> Adults with a bachelor’s degree or higher: 68.2% (Vermont: 40.9%)
> Median home value: $480,400 (Vermont: $240,600)
> Population: 1,111
> No. of towns considered in ranking: 48

Source: Adventure_Photo / iStock via Getty Images

Virginia: Great Falls
> Avg. household income: $353,259 (Virginia: $111,013)
> Adults with a bachelor’s degree or higher: 83.1% (Virginia: 40.3%)
> Median home value: $1,134,900 (Virginia: $295,500)
> Population: 14,690
> No. of towns considered in ranking: 333

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Source: MarkHatfield / E+ via Getty Images

Washington: Yarrow Point
> Avg. household income: $410,703 (Washington: $111,431)
> Adults with a bachelor’s degree or higher: 86.7% (Washington: 37.3%)
> Median home value: $2,000,000+ (Washington: $397,600)
> Population: 1,365
> No. of towns considered in ranking: 345

West Virginia: Shenandoah Junction
> Avg. household income: $169,135 (West Virginia: $69,436)
> Adults with a bachelor’s degree or higher: 12.6% (West Virginia: 21.8%)
> Median home value: $162,400 (West Virginia: $128,800)
> Population: 1,256
> No. of towns considered in ranking: 149

Source: Sean Pavone / iStock via Getty Images

Wisconsin: River Hills
> Avg. household income: $283,369 (Wisconsin: $87,733)
> Adults with a bachelor’s degree or higher: 76.6% (Wisconsin: 31.5%)
> Median home value: $637,900 (Wisconsin: $200,400)
> Population: 1,496
> No. of towns considered in ranking: 358

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Wyoming: Hoback
> Avg. household income: $195,161 (Wyoming: $87,786)
> Adults with a bachelor’s degree or higher: 39.6% (Wyoming: 28.5%)
> Median home value: $930,700 (Wyoming: $237,900)
> Population: 2,268
> No. of towns considered in ranking: 53

Methodology

To identify the richest town in every state, 24/7 Wall St. reviewed five-year data from the U.S. Census Bureau’s 2021 American Community Survey. Towns – defined for the purposes of this story as any community with populations between 1,000 and 25,000 people – are ranked on average household income. 

Supplementary data on the share of the 25 and older population with a bachelor’s degree or higher, median home value, and population are also five-year estimates from the ACS. 

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