The median annual household income in America is just over $60,000. While many of the highest paying jobs tend to concentrate near large population centers, there are also smaller towns that are very prosperous. In most states, the wealthiest town has a median household income that is two or three times higher than the median across the state as a whole.
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%.
Kansas: Fairway
> Median household income: $105,000 (state: $57,422)
> Poverty rate: 2.7% (state: 12.4%)
> Median home value: $352,200 (state: $145,400)
> Population: 3,947
A suburb of Kansas City, Fairway, like many small cities and towns on this list, is well within commuting distance of employment opportunities in a major city. Many of those jobs in and around Fairway are high paying, as most households in the area earn over $100,000 a year, and more than one in five households earn $200,000 or more.
As is often the case in wealthy communities, Fairway has high real estate values. Of all small cities and towns in Kansas, Fairway is the only one where most homes are worth more than $300,000. The typical home in Fairway is worth $352,000.
State | Richest Town | Median Household Income | Poverty Rate | Median Home Value | Population |
---|---|---|---|---|---|
Alabama | Highland Lakes | $151,055 | 1.9% | $441,000 | 5,500 |
Alaska | Gateway | $100,641 | 4.2% | $296,500 | 7,037 |
Arizona | Paradise Valley | $204,145 | 5.0% | $1,505,300 | 14,215 |
Arkansas | Centerton | $73,015 | 8.8% | $170,700 | 13,252 |
California | Belvedere | $223,182 | 2.3% | 2,000,000+ | 2,098 |
Colorado | Genesee | $159,226 | 5.5% | $694,900 | 3,766 |
Connecticut | Darien | $210,511 | 3.1% | $1,461,100 | 21,759 |
Delaware | North Star | $141,533 | 1.8% | $444,400 | 7,441 |
Florida | Pinecrest | $153,417 | 5.5% | $919,800 | 19,446 |
Georgia | Avondale Estates | $108,299 | 2.9% | $349,500 | 3,135 |
Hawaii | Ocean Pointe | $114,801 | 4.2% | $629,800 | 14,037 |
Idaho | Dalton Gardens | $71,111 | 3.6% | $364,600 | 2,765 |
Illinois | Inverness | $180,541 | 1.2% | $625,100 | 7,747 |
Indiana | Hidden Valley | $106,285 | 3.7% | $196,800 | 5,449 |
Iowa | Robins | $129,081 | 0.7% | $301,700 | 3,414 |
Kansas | Fairway | $105,000 | 2.7% | $352,200 | 3,947 |
Kentucky | Buckner | $123,220 | 11.5% | $328,000 | 5,465 |
Louisiana | Destrehan | $92,052 | 3.6% | $234,500 | 10,933 |
Maine | Topsham | $72,537 | 10.6% | $218,800 | 6,103 |
Maryland | Travilah | $235,669 | 1.6% | $1,090,400 | 11,633 |
Massachusetts | Winchester | $159,536 | 2.5% | $893,700 | 22,677 |
Michigan | Bloomfield Hills | $174,750 | 2.9% | $856,700 | 4,009 |
Minnesota | Dellwood | $176,528 | 0.3% | $619,000 | 1,251 |
Mississippi | Brandon | $74,172 | 3.8% | $177,900 | 23,688 |
Missouri | Clarkson Valley | $170,952 | 1.3% | $629,200 | 2,640 |
Montana | Montana City | $93,194 | 2.4% | $331,900 | 2,796 |
Nebraska | Papillion | $80,853 | 4.1% | $180,700 | 20,466 |
Nevada | Spring Creek | $97,143 | 4.0% | $225,400 | 13,805 |
New Hampshire | Hampton | $92,688 | 4.3% | $358,300 | 9,235 |
New Jersey | Glen Ridge | $213,801 | 3.9% | $644,900 | 7,573 |
New Mexico | Los Alamos | $106,288 | 6.6% | $295,600 | 12,373 |
New York | Greenville | $222,115 | 3.3% | $954,400 | 7,336 |
North Carolina | Weddington | $132,587 | 1.7% | $443,600 | 10,574 |
North Dakota | Horace | $131,354 | 1.5% | $293,800 | 2,660 |
Ohio | New Albany | $203,194 | 2.5% | $494,600 | 10,896 |
Oklahoma | Jenks | $93,364 | 6.4% | $205,100 | 21,793 |
Oregon | Bethany | $127,351 | 4.8% | $509,900 | 24,396 |
Pennsylvania | Edgeworth | $161,641 | 5.8% | $602,000 | 1,596 |
Rhode Island | Cumberland Hill | $88,199 | 5.3% | $251,300 | 8,142 |
South Carolina | Tega Cay | $123,564 | 0.7% | $316,500 | 9,954 |
South Dakota | Brandon | $84,075 | 2.5% | $206,600 | 9,867 |
Tennessee | Oak Hill | $159,167 | 0.8% | $649,000 | 4,634 |
Texas | University Park | $214,477 | 4.3% | $1,230,200 | 24,954 |
Utah | Highland | $133,768 | 2.6% | $536,100 | 18,362 |
Vermont | Essex Junction | $75,439 | 6.2% | $283,400 | 10,395 |
Virginia | Great Falls | $228,836 | 2.8% | $1,133,100 | 15,394 |
Washington | Duvall | $156,205 | 2.1% | $452,200 | 7,811 |
West Virginia | Bridgeport | $80,666 | 4.1% | $220,100 | 8,466 |
Wisconsin | Whitefish Bay | $117,300 | 3.5% | $373,200 | 14,039 |
Wyoming | Rock Springs | $75,441 | 11.0% | $217,400 | 23,633 |
Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)
Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.
Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.
Click here now to get started.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.