The typical household earns $214,477 a year, more than three times both the state median household income of $59,570 and the $60,293 national figure. Published 11 January 23. stocks Although gold mining is no longer much of a growth area, pulling the yellow metal from the ground does remain a productive endeavor. One of the main reasons for this is likely a high level of education. Hard work is embedded in American culture. Median household income: $80,513. Run, swim or take exercise classes at the YMCA Community Center. This helps qualify Highland residents for the many high paying jobs available in the area, such as those in higher education, health care, and tech. Clarkson Valley is the only small city or town in the state where more than 75% of the adult population has a bachelor's degree or higher. Within five years, Tulsa had grown from a rural crossroads town in the former Indian Territory into a boomtown with more than 24/7 Wall Street is a USA TODAY content partner offering financial news and commentary. Happily for residents, Washington is among the most friendly states for taxes (opens in new tab). Elko's fortunes rise and fall with the price of gold, so one would hope that its millionaire population is properly diversified. Travilah is a wealthy suburb situated some 15 miles up the Potomac River from downtown Washington D.C. With a median household income of $235,669 a year, Travilah is the wealthiest place with a population between 1,000 and 25,000 in both Maryland and the United States. The city continues to attract some very educated people; about 44% of adults in the area have at least Bachelor's Degrees. 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. More than 8,000 people call Upper Saddle River in Bergen County home. Loudoun County is located in the Commonwealth Virginia, with a population of 375,000 people. On the plus side, Massachusetts' reputation as a high-tax state is overblown (opens in new tab). Christian. In Los Alamos, most households earn over $100,000 a year. Port Royal, Naples, Florida. It's a good thing, too, considering the high price of homes in the area. The Boston suburb of Winchester has a median household income of nearly $160,000 a year -- more than double the statewide median of $77,378, which itself is one of the highest among states. Atherton isn't the only town touting notable wealth, though. As of 2020, Jim Walton's net worth is $44.6 billion, placing him at 11th on this list of the richest people in America. Hudson has become popular with millionaires and non-millionaires alike thanks to its myriad restaurants, art galleries and nightlife. With a median income of $123,220, Buckner is the wealthiest place in Kentucky. The high incomes in the community are due in part to the presence of major companies. Naturally, skiing is what first comes to mind when it comes to Breckenridge, but the area supports a wide range of sports and cultural activities through all four seasons. Even in Brandon, the wealthiest place in the state, the typical household earns $74,172 annually -- which, while high in the context of Mississippi, is less than the median income in half a dozen states, including Alaska, Connecticut, and New Jersey. Then oil prices collapsed in 2014 and some folks even started pulling up stakes. Ocean Pointe is a Census-designated place on the island of Oahu within commuting distance of Honolulu. Median household income: $176,528 (state: $68,411), Poverty rate: 0.3% (state: 10.1%), Median home value: $619,000 (state: $211,800). The aforementioned Park City, which hosts Robert Redford's Sundance Film Festival, also boasts several world-class ski resorts. Cumberland Hill is a small Census-designated place of about 8,000 residents located in northern Rhode Island. And just when Alaska could see an end to the downturn, COVID-19 hammered the energy sector. The Summit Park micro area, which also includes Park City, is a short drive from Salt Lake City and has the second highest concentration of millionaire households of any small town in the U.S. Median household income: $132,587 (state: $52,413), Poverty rate: 1.7% (state: 15.4%), Median home value: $443,600 (state: $165,900). T-shirts, pillows, running shoes and even underwear are being sold, Hertz is selling thousands of used cars in its fleet in bankruptcy at bargain prices, Money tips and advice delivered right to your inbox. Indeed, former presidents Bill Clinton and Barack Obama have summered there, and Jacqueline Kennedy Onassis long maintained a home on the island. 2020-10-14T13:25:00Z . The nearby world-class resorts of Vail and Beaver Creek draw big-spending skiers hoping to see and be seen all winter long. If there's a silver lining, it's that North Dakota is one of the nation's more tax-friendly states (opens in new tab). In the first half of the 2010s, North Dakota had the fastest-growing economy in the nation, thanks to the explosion in shale oil drilling. Roughly 35 miles south of the state capital of Albany, the area abuts the banks of you guessed it the Hudson River. 10. 12 Cheapest Small Towns in America 2020. Maryland has the second most millionaires per capita of any state in the U.S., according to Phoenix Marketing International, but it's unfriendly when it comes to taxes (opens in new tab). 25% of the total families in US don't even have $10,000. #2. Median household income: $75,441 (state: $62,268), Poverty rate: 11% (state: 11.1%), Median home value: $217,400 (state: $213,300). As residents like to point out, few towns have a groomed ski area right in their downtown that is accessible to all. One characteristic these towns have in common is a high level of education. By Jeff Reeves Bloomfield Hills is the wealthiest place in Michigan. The typical household in Rock Springs earns $75,441 a year, more than the $62,268 state median household income but less than the vast majority of places on this list. Buzz60's Tony Spitz has the details. So it should come as no surprise that Breckenridge would make the cut. "Oak Harbor is usually regarded as the poorer but more developed stepsister when compared to other Whidbey municipalities," notes the Whidbey News-Times. Reply. It also helps that New Hampshire is a relatively tax-friendly state (opens in new tab). Large concentrations of high-net-worth households are found in surprising locales across the U.S. 27 / 52. 18 Stocks Warren Buffett Is Selling (And 6 He's Buying). More than one in every five households in the area earn over $200,000 a year. All 50 have among the highest share of adults with a bachelors degree in their states, and all but four exceed the U.S. bachelors degree attainment rate of 31.5%. Places like Dickinson, located in the oil-rich Bakken Formation, were mining millionaires. A home stands in Atherton, California, U.S., on Tuesday, Feb. 18, 2020. Median household income: $228,836 (state: $71,564), Poverty rate: 2.8% (state: 10.9%), Median home value: $1,133,100 (state: $264,900). 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. Sean Hannity is the wealthiest anchor on television. Kip ETF 20: The Best Cheap ETFs You Can Buy. If your ideal summer retreat is a lakeside getaway, you could hardly do better than Laconia. Loudoun County is the richest county in the USA, with an estimated average household income of $ 117,876. Median household income: $92,688 (state: $74,057), Poverty rate: 4.3% (state: 7.9%), Median home value: $358,300 (state: $252,800). Its richest municipality, Dalton Gardens, has a median household income of just over $71,000, which is lower than that of any other municipality on this list. The wealthiest town in the state, Destrehan's median household income of $92,052 . These include financial companies Citi and Wells Fargo as well as the biomedical companies Avera Health and Sanford Health -- each of which employs thousands of people. France has been crowned the trendiest country in the world for 2023, according to the CEOWORLD magazines annual ranking of Life away from the big cities can be magical. Investable assets include education/custodial accounts, individually owned retirement accounts, stocks, options, bonds, mutual funds, managed accounts, hedge funds, structured products, ETFs, cash accounts, annuities and cash value life insurance policies. Most homes in Belvedere are worth more than $2 million. A college degree can provide the holder with a much wider range of job opportunities, and the jobs themselves tend to be higher income. "The homes in Atherton are spectacular," Swann told CNBC Make It. Here are nine of the best stocks for rising interest rates. As a bonus, gun buyers aren't reliant on hit-and-miss sales or once-a-year clearance events, to save money. (STACKER) - In April 1934, the U.S. recorded its highest wind speed ever, a gust of 231 miles per hour at Mount Washington Observatory in New Hampshire. Scottsdale, Arizona. 5,104) over $200,000: 2. Over the last five years, the number of people living Ocean Pointe jumped by 44%. Not all parts of the state are low income, however. 65 Best Dividend Stocks You Can Count On in 2020. Who said big money is smart? The area sits between Lake Winnisquam and Lake Winnipesaukee in the middle of New Hampshire's famed Lakes Region. Advertisement - Continue Reading Below. Whitefish Bay is a small village of 14,000 residents located less than 10 miles north of downtown Milwaukee. Incomes tend to rise with educational attainment, and not only is Cumberland Hill the wealthiest place in the state, it is also the best educated. Thanks to its location on the Yampa river, Steamboat Springs is perfect for fishing, rafting, tubing and kayaking. Median household income: $80,666 (state: $44,921), Poverty rate: 4.1% (state: 17.8%), Median home value: $220,100 (state: $115,000). Watch on. That helps explain its inclusion on the list of small towns with high concentrations of millionaires. On the plus side, Alaska is one of the most tax-friendly states in the union (opens in new tab). 50 Top Stock Picks That Billionaires Love. He remains on the Walmart board of directors, and is also the CEO of his own company, Arvest Bank. And thanks to abundant revenue that the state collects from oil and mineral rights, Wyoming millionaires shoulder one of the lowest tax burdens in the U.S. For those living in Idaho, the tax situation is a bit more mixed (opens in new tab). The town is centered by Hidden Valley Lake. "Coupeville and Langley have higher incomes, swankier homes and older residents." Cashing in on George Floyd: T-shirts, pillows, running shoes and even underwear are being sold, Median household income: $151,055 (state: $48,486), Median home value: $441,000 (state: $137,200). For the second year since Bloomberg started to compile the Richest 100, the nation's top spot is Atherton, California. Arus kas bersih dari aktivitas operasi di tahun Net cash flow from operating activity in 2016 consisted of cash re While many of the highest paying jobs tend to concentrate near large population centers, there are also smaller towns that are very prosperous. Atherton, CA- Average household income - $450,696. Most households in the town earn more than $150,000 annually, and more than one-third earn over $200,000. The micro area even holds a charming Swiss-themed village. According to Niche, the national percentage is 20%. The median annual household income in America is just over $60,000. Phoenix Marketing International (opens in new tab), a firm that tracks the affluent market, annually ranks 933 urban areas, large and small, based on the percentage of millionaire households in each location. And while it helps to be a millionaire to live in Juneau, it's increasingly difficult to become one. Rank Metropolitan statistical area Population Per capita income 1 Washington-Arlington-Alexandria, D.C-Virginia-Maryland MSA 5,949,178 $47,411 The town's widespread prosperity suggests that Ocean Pointe is a desirable place to live. In Tega Cay, less than 1% of residents live below the poverty line. In fact, according to the Organization for Economic Co-operation and Development, the U.S. ranks 10th in the number of hours worked per country (Mexico, C The Phoenix suburb has a median home value of just over $1.5 million -- by far the highest of any small city or town in the state. By Kyle Woodley The town of six square miles is near Palo Alto, Stanford University and . SECURE 2.0 Act Lets Retirees Defer Some Taxes Longer, Best AI Stocks to Buy: Smart Artificial Intelligence Investments, The 6 Safest Vanguard Funds to Own in a Bear Market, 10 Big U.S. Cities With the Cheapest Apartment Rents, 7 Best Small-Cap Stocks to Buy for 2023 and Beyond, New Hampshire is a relatively tax-friendly state, North Dakota is one of the nation's more tax-friendly states, But for more modest incomes, the impact is far milder, and property taxes are low, reputation as a high-tax state is overblown. Hefty income taxes and high property taxes make the Empire State one of Kiplinger's 10 least tax-friendly states. America's 50 richest towns: Silicon Valley community leads the list for the fourth year in a row with average household income of $525,000. Median household income: $114,801 (state: $78,084), Poverty rate: 4.2% (state: 9.9%), Median home value: $629,800 (state: $587,700). Ireland, on the rise thanks to favorable corporate tax policies, is projected to hit #1 by 2027.; The resource-rich land with the world's biggest economy, the United States, ranks 9th on the list. This city in the oil-rich Bakken Formation soon found itself home to fracking millionaires. Fully 8.7% of Heber's 9,567 households have at least $1 million in investable assets. Photographer: David Paul Morris/Bloomberg via Getty Images, A mansion-style home in Atherton, California, the most expensive ZIP code in the state, Why Finland and Denmark are the happiest countries in the world, How this 39-year-old earns $26,000 a year in California. Median household income: $214,477 (state: $59,570), Poverty rate: 4.3% (state: 15.5%), Median home value: $1,230,200 (state: $161,700). Tiny Easton, on the Eastern Shore of the Chesapeake Bay, prides itself on its out-of-the-way feel, with country farms mixing with lavish waterfront estates. 2); Hillsborough, California (No. Median household income: $204,145 (state: $56,213), Median home value: $1,505,300 (state: $209,600). Los Angeles, Chicago and Houston round out the top five . The self-made hyper-rich say these things are the key to getting there. Another attractive aspect of the area is that the City of Lebanon operates Storrs Hill, a 20-acre ski area that hosts three ski trails, two ski jumps, a surface lift and ski lodge. In Paradise Valley, just 5% of residents live in poverty. Analysts say a tough 2022 has left these small-cap stocks priced for outperformance in the new year and beyond. Groceries alone cost almost 40% more than the U.S. national average, according to the Council for Community and Economic Research's Cost of Living Index. The tiny town about 35 miles northwest of Santa Fe is home to a government nuclear weapons laboratory and a number of chemists, engineers and physicists. (It's an in-state draw for all the millionaires from the Stamford area, too. As for taxes, millionaires could do worse. This island off the coast of Cape Cod the Census Bureau classifies the entire island as part of the Vineyard Haven micro area is one of the most desirable summer vacation spots in the Northeast and has long been a favorite of the rich, the famous and the powerful. In his current role at Kiplinger, Dan writes about equities, fixed income, currencies, commodities, funds, macroeconomics and more. 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 median in Jenks is tens of thousands of dollars higher, at over $93,000. The poverty rate in Dalton Gardens is 3.6%, a fraction of Idaho's 13.8% poverty rate. With pristine beaches, lush forests, soaring mountains and relatively few people, Kapaa (and the surrounding area) is an ideal place for a millionaire's tropical island nest. America's 100 Richest Places. Subscribe and turn on notifications (?) Bloomberg released its annual list of the richest town . By Dan Burrows Much of Alaska's wealth is tied to the energy business. North Star, Delaware, located about 10 miles west of Wilmington and 35 miles southwest of Philadelphia, has a median household income of $141,533, more than double the statewide median of $65,627. The typical Hampton household earns $92,688 a year, the most of any small town in New Hampshire and far more than the $74,057 state median household income. Median household income: $123,564 (state: $51,015), Median home value: $316,500 (state: $154,800). Fly fishing, hiking and whitewater rafting draw folks to town in the summer months. New Albany is a suburb of the Columbus metro area, located less than 15 miles northeast of the Ohio state capital. Bethany is the most affluent neighborhood in Oregon. Great Falls is just across the Potomac River from Maryland and a short commute away from Washington, D.C., giving residents access to the many high-paying jobs available in the area in government and with government contractors. Once upon a time before his days as a financial reporter and assistant financial editor at legendary fashion trade paper Women's Wear Daily Dan worked for Spy magazine, scribbled away at Time Inc. and contributed to Maxim magazine back when lad mags were a thing. Oklahoma has one of the lower median household incomes among states, at $51,424. By: News 12 Staff. The boom times looked to be rolling again in North Dakota until COVID-19 gutted oil demand. Let's break out of Northern California and talk about an expensive Florida neighborhood - Port Royal, located in Naples. Loudoun County. Driving time: 6 hours, 14 minutes. More than 9% of Williston's households are considered to have millionaire status, but the absolute number of millionaire households actually declined from 2019. For the fourth straight year, Atherton topped Bloomberg's Richest Places annual index. The median household income in Highland Lakes is more than triple the median income across Alabama as a whole. What had fueled this remarkable growth was oil, specifically the discovery of the Glenn Pool oil field in 1905. 4. Does it really matter if Aunt Jemima and Uncle Ben get retired? Hampton is a small seaside Census-designated place of approximately 9,000 residents in Rockingham County. Median household income: $161,641 (state: $59,445), Poverty rate: 5.8% (state: 12.8%), Median home value: $602,000 (state: $174,100). Many residents likely commute to high-paying jobs in nearby Birmingham. Median household income: $84,075 (state: $56,499), Poverty rate: 2.5% (state: 13.6%), Median home value: $206,600 (state: $159,100). 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. NEW ALBANY, OH A Bloomberg report identified the 100 richest towns in America, and three Ohio cities made the cut. Horace is a small bedroom community located roughly 10 miles southwest of downtown Fargo. More importantly, it makes Laconia a relatively easy drive from points farther south where millionaires maintain their primary residences. Future US, Inc. Full 7th Floor, 130 West 42nd Street, It became the first and only neighborhood in America to top the half-million-dollar mark. Built with one-acre plot minimums for most of its history, the Inverness housing stock is among the most expensive in the country. Median household income: $156,205 (state: $70,116), Poverty rate: 2.1% (state: 11.5%), Median home value: $452,200 (state: $311,700). The 2014 slump in energy prices touched off the state's worst recession in three decades. Perhaps best known is Hanover, N.H., which forms the northern tip of this urban agglomeration. Batten the hatches for continued market tumult without eating high fees with these six Vanguard ETFs and mutual funds. This prosperity has likely attracted many new residents to Jenks -- the population grew by more than 24%, from less than 18,000 in 2013 to over 21,000 in 2018. However, also has some seriously luxurious mansions and impressively large . The rugged mountain terrain is ideal for hiking, mountain biking, camping, you name it. ETFs Demand for oil is gradually coming back, but it is by no means taking off. Median household income: $133,768 (state: $68,374), Poverty rate: 2.6% (state: 10.3%), Median home value: $536,100 (state: $256,700). 1 city on the list is . As is typical among the cities and towns on this list, Essex Junction is within commuting distance of a larger urban area. Median household income: $93,194 (state: $52,559), Poverty rate: 2.4% (state: 13.7%), Median home value: $331,900 (state: $219,600). One of the primary determinants of income is education. 2,047) Great Falls is the richest town in Virginia and one of the richest in the entire country. A 35-minute train ride from New York City, the town sports quaint shops and top-rated schools . High paying jobs typically require a college degree, and Destrehan residents are far more likely than the typical Louisiana resident to have a college education. New Mexico's personal income tax rates top out at 4.9% on taxable income over $16,000 for single filers and over $24,000 for married couples filing jointly. Median household income: $123,220 (state: $48,392), Poverty rate: 11.5% (state: 17.9%), Median home value: $328,000 (state: $135,300). Spring Creek is a small suburb of approximately 14,000 residents in Elko County in northeast Nevada.
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