100 richest cities in america 2022

In pre-Covid times, Chicago clocked round 55 million tourists in 2017. Specifically, it occupies the northeastern corner of the state of New Jersey, meaning that it is situated across the Hudson River from Manhattan. As a suburban area, it should come as no surprise to learn that it is also home to numerous people who work for one part of the U.S. government or another. The Fortune 500 companies hosted by Boston include: State Street, Liberty Mutual Insurance, Gillette and General Electric. People are very interested in both what other people earn and what other people have earned based on the contents of the Internet. Beijing, China: $591.374 Billion Beijing is the capital of China and has a population of over 20 million. Los Angeles is a city that takes great strides to encourage economic growth. In fact, London is one of the chief financial centers of the world. What are the wealthiest cities in the U.S.? However, it has some pockets that are either urban or even rural. Another excellent example would be the Pentagon, which is a great reminder of the importance of the U.S. federal government to the local workforce. The median household income is pretty high. World-renowned big, innovative companies and the regions largest employers include Apple, Adobe Systems, Apple, Intel, Lockheed Martin, and NASA. It is named for Richard Montgomery, an Irishman who served in the British Army and then in the Continental Army. Hillsborough rightfully earns a place as one of the richest cities in America. San Mateo, like many other metro cities on our list, has a well-educated workforce and a favourable employment environment. As such when it comes to the richest cities in the world, New York City comes in at number 2. Top 5 fastest-growing U.S. cities for millionaires Austin, Texas West Palm Beach, Florida Scottsdale, Arizona Miami, Florida Greenwich and Darien, Connecticut The No. Ventura dubbed the city of good fortune, has a plethora of well-paying professions in health care, tourism, and technology. Over 22% of households earn $200,000 or more, and 50.1% of San Jose's education-driven populace boasts a bachelor's degree or higher. The lower-than-average bachelors degree completion rate is most likely due to the kind of occupations available in the area. According to Jennifer Reynolds, Pre4sident and CEO of Toronto Finance International, Torontos success is due in large part to the strength and significant growth of its financial industry. The right to live, work, study, and invest in leading international wealth hubs such as New York , London , Singapore , Sydney ,and Toronto can be secured via residence by investment . Everything from financial services, fashion, digital media, the food/beverage industry and tech found a home in Toronto. In other words, the city produces poor copies of everything from designer fashions to scooters. With an unemployment rate of around 2.7 per cent, the metro region has a solid job market. Others on the fastest-growing list include Lugano, a Swiss hotspot for affluent retirees, Bengaluru, the 'Silicon Valley of India', and Hangzhou, one of China's most scenic cities. Toronto is the second largest financial center in North America, Like New York City, Torontos financial hub is populated by diverse industries. The top ten richest cities in the United States are: Atherton, CA ($450,696) Scarsdale, NY ($417,335) Cherry Hills Village, CO ($394,259) Los Altos Hills, CA ($386,174) Median Income: $108,979. Singapore (5th), Hong Kong (SAR China) (12th), Frankfurt (13th), Toronto (14th), Seoul (16th), and finally Paris, plummeting 3 places to 20th, make up the rest of the 2022 ranking. Check the list below if you are looking for the richest cities in the US. Education also has a bearing impact on income, with college graduates often earning more. All kinds of workers earn high wages for a relatively even income distribution, with 9.4% earning $200,000 or more. Income distibution for all U.S. cities. With an average household income of more than $525,000, it became the first and so far only community to . Unemployment is low, education is high, and incomes that are out of this world. Unsurprisingly, it tends to be considered one of the most central parts of the New York metropolitan area, particularly since it has incredible connectivity with New York City itself thanks to built-up infrastructure. In more recent times, the Atlanta Regional Commission says that the places population has seen a massive transformation, though it still has a lower percentage of black residents than the other counties that make up the Atlanta metropolitan area. Because the cost of goods and services in Santa Rosa is around 21% more than the national average, the typical family income is only approximately $66,500, which is just slightly more than the national median annual family income of $60,336. According to the Economic Policy Institute, the richest 1% in Bridgeport-Stamford-Norwalk earn 62.2 times more than the bottom 99 per cent. Surprisingly, theyre not. A typical Anchorage household earns $25,000 more yearly than the nationwide median but pays one of the US' highest living costs. Unemployment is low, and more than 37% of individuals have earned a bachelors degree. Principal industries which were the engine behind Moscows economy are textile, metallurgy, energy, and chemical. He possessed enormous power in what was then the Province of Maryland but used it for nothing but funding his excesses. The average household in the Denver metro region earns $85,641 a year, which is higher than in all but 20 other cities in the United States. This large metropolitan area has a history of being the hub of Germanys heavy industry sector. The high property values in the area reflect the areas high wages. Santa Rosa, like most other high-income cities, is pricey. 10 Best Lake Resorts in Iowa [Ranked in 2023], Top 17 Drunkest Cities in America [Report 2023], 12 Major Cemeteries in Iowa [Update 2023], 10 Best Ziplines in Iowa You Must Enjoy [Update 2023], Top 17 Most Boring Cities in America [Report 2023]. Despite those staggering losses, the minimum net worth required to land among this ultra-elite group actually rose slightly, to $37 billion (up from last years record $36 billion), as six of the top 20 managed to grow their fortunes, including former New York City mayor and Bloomberg LP cofounder Michael Bloomberg, Koch Industries chairman and CEO Charles Koch and Julia Koch, the widow of Charles late brother David (d. 2019). Massachusetts and cities around the state capital earn a median household income of $82,380, for an $8,000 drop from the metro area above. San Francisco has one of the finest educated populations among metro regions in the country, and its incomes tend to climb with educational attainment. Most households in the metro region make more than $88,535 per year, and 13.7 per cent make more than $200,000 per year a higher percentage than all but six other metro regions in the US. While that doesnt mean we suggest you go out and commit a crime, not all prisons are like the ones depicted in the movies featuring murderers, Read More 10 Prisons That Rival The Accommodations of Most HotelsContinue, Just as one mans freedom fighter is another mans terrorist, so one mans favorite district is another mans least. Outside of California, Seattle is the wealthiest metro region on the West Coast. Setup Size: 8.9 GB. Fortunately, Calvert County has fared much better than its ill-fated namesakes, being one of the richest counties in the Washington-Baltimore metropolitan area and beyond. Alexandria also boasts the second-highest share of the workforce in the US in high-paying professional fields. Educational attainment is associated with better earnings, and roughly half of all individuals in the Boston metro region hold a bachelors degree or above. Chances are good that interested individuals can guess that Williamson County can be found in the Nashville metropolitan area. Supposedly, one of the reasons for Williamson Countys high income is the number of musicians and other well-known individuals who have homes in the region. These days theyre making news for more personal reasons. Two months later, Bloomberg Philanthropies joined eight partners in pledging $1 billion to protect the ocean from climate change. That said, there are a few things that can be measured objectively: school quality, median household, Read More The 20 Best Places to Live in ColoradoContinue, Youd expect the richest people in Indiana to be clustered around Indianapolis. Boston University, Harvard University, and Northeastern University awarded over 100,000 degrees in 2015 and helped "sponsor" the recent 46.9% holding a bachelor's or higher. A huge part of this development was the influx of multi-national corporations. No one gained more than Tesla and SpaceX chief Elon Musk, who tops the 400 for the first time, despite being weighed down by his $44 billion Twitter takeover, which hes been fighting to void. In stark contrast to Broomfield County, Somerset County is one of the oldest counties in the United States. With a typical home valued at just under $800,000, San Francisco exemplifies how affluent areas are often subject to high prices, including housing. Napa Valley is well-known across the world as a wine-growing region, and local wineries, as well as the tourist they generate, contribute significantly to the local economy. Although it may sound like another Cali metro for the fourth time on this list, the wealthiest metro area, located in Maryland, secures the tenth spot. Located in San Mateo County, the city has the best restaurants, parks, shops, and most importantly, an excellent schooling systemno wonder most affluent families choose to settle down in this wealthy town. Copyright 2023 USA by Numbers | All Rights Reserved, Top 20 Richest Cities in the US [Ranked in 2023], Top 15 Richest States in the US [Report 2023], Top 15 Richest Counties in the US [Ranking of 2023], Top 13 Richest Neighborhoods in America [Report 2023]. Last November, Dell spun off its 81% stake in software firm VMWare; in May, chipmaker Broadcom agreed to buy the company for $61 billion. Overland Park, KS Median Income: $ 87,629 Unemployment Rate: 3.2 % Population: 193,412 View this post on Instagram Home to 12 Fortune 500 companies, the city of Philly is Pennsylvanias financial hub. Walmart shares have lost 11% of their value over the last year as higher costs have dented the companys profits. The other two would be Nassau County and Suffolk County. Its been rapidly replaced by information tech and financial services. 87.8 percent of individuals in the city have a bachelors degree or above. Most households in the metro region make more than $87,947 per year, and 13.7 per cent make more than $200,000 per year a higher percentage than all but six other metro regions in the US. The town of six square miles is near Palo Alto, Stanford University and. Setup File Name: Adobe_Premiere_Pro_v23.2..69.rar. Its low 26.1% rate of graduates is below both the 31.3% national college attainment rate and 39.3% statewide and is unusual for a wealthy metro area in the US. Americans invest the majority of their non-financial assets in real estate. Other than that, there is Arlington, though it is amusing to note that Arlington doesnt enjoy the status of a city in the Commonwealth of Virginia. When determining the GDP, the UN classifies 3 methods to determine it: City proper, urban area and metropolitan regions.. Our numbers for the richest cities in the world are based on the metropolitan statistical region. For proof, look no further than the fact that it isnt home to a single city of significant size but is home to numerous commuter towns. Unfortunately, the most recent data comes from 2019 because 2020 data wasnt collected while 2021 data hasnt been released. The county is home to numerous sites of note. Check out this fascinating list of richest families in the US. Still, the 2019 data should provide results that are very similar to what interested individuals are looking for. 20 Cities with the Worst Weather in the U.S. How Eiza Gonzalez Achieved a Net Worth of $5 Million, How Bebe Rexha Achieved a Net Worth of $10 Million, The 20 Worst Cities for Human Trafficking in the World. Here are the top 10 wealthiest cities in America for 2022. Despite suffering a tough downturn due to the pandemic, Shanghai remains one of the worlds richest cities. Four of the top 20 are worth $100 billion or more, down from eight last year, but up from two in 2020 and none in 2017. Gates, who saw an outbreak like Covid-19 coming back in 2015, released a new book in May: How to Prevent the Next Pandemic. The public schools of Fairfax County, of which McLean is a part, have earned a national reputation for excellence. Westchester County, New York (nine); Bergen County, New Jersey (seven); Fairfield County, Connecticut (five); Los Angeles County, California (five); Cook County, Illinois (six); and Montgomery County, Maryland (five). Apart from the national monuments and presidential residences, the region is home to Georgetown University and other prestigious educational institutions. But Atlanta is a city, Read More The 10 Richest Neighborhoods in AtlantaContinue, Surprisingly prison is not always as bad as expected. Last November, he also secretly fathered twins with an executive of his brain implant startup, Neuralink. That big gift accounts for most of the estimated $28 billion drop in his net worth over the past year. The cannabis business is rather recent, but also encourages financial growth for the city. Founded in 1630, Boston is one of our countries oldest cities. Fortune 500 companies include Discovery Communications, Fannie Mae, Walmart and CACI International among others. In the cities that made this list majority of people have made it there, financially. Presumably, this is because the median is a better indication of what someone who is in the middle for a particular population would be like. The years biggest money loser was Mark Zuckerberg, who dropped out of the top 10 for the first time since 2014 as shares of Meta Platforms (formerly Facebook) cratered by 57%, helping lop nearly $74 billion off his fortune. Oxnard-Thousand Oaks-Ventura has a 3.6% jobless rate, 11.4% earning $200,000 or more, and 33.6% of adults with a bachelors degree or higher. Unsurprisingly, that was a huge hassle, so much so that the citys leadership started pushing for the city to be made a county. It secures ninth place with a median household income of $78,612, and 11.0% making 200,000 or more. The Bureau of Economic Analysis has calculated that the regional price parity in 2019 of the 50 largest MSAs ranges from 88.3 in Birmingham, Alabama (which has the lowest cost of living of the 50 most populous MSAs) to 126.7 in San Jose, California (the highest cost of living of the 50 most populous MSAs). In April, he told investors he had plowed $51 billion of Berkshires cash into stocks, including billion-dollar bets on Chevron, Occidental Petroleum and HP. The analysis used to rank the top 10 richest cities in America in 2022 is based on the U.S. Census 2016-2020 American Community Survey. Sales at Americas second-largest private company, Koch Industries, reached some $125 billion in 2021, up from an estimated $115 billion a year earlier. Much of its wealth comes from the booming tech industry. Unlike virtually every other city on this list, Vallejo citizens are less likely than the average American to hold a four-year college degree. Your email address will not be published. The legendary bargain hunter began the year lamenting a lack of good deals but soon found plenty. Long Island can be divided up into four counties. Westport is a popular choice for people who want to work in New York City but live outside of it because of its location along the Long Island Sound and its proximity to the city, which is only 52 miles to the northeast. ", Commenting on the latest Henley Global Citizens Report ,Dr. Jos Caballero, Senior Economist at the IMD World Competitiveness Center, says "quality of life is a fundamental driver of global mobility, and for business executives, high living standards and effective institutions are significant city drawcards. The U.S. Census Bureaus American Community Survey is the best source of information for this kind of question. We've seen record growth this year, with more and more high-net-worth investors exploring investment migration solutions that offer location fluidity and optionality, enabling them to live and conduct their businesses across a wide range of different jurisdictions and cities. Though still bruised and battered by the effects of the pandemic, New York City is holding true to its reputation as a tough and resourceful city. As a SEZ, businesses in the area receive special treatment in the form of tax benefits, which helps increase the GDP bottom line immensely. Calvert County is named for the Barons of Baltimore, who were around for six generations but managed to die out before the American Revolution. Across all age groups, Americans spend most of their money on housing, followed by transportation, food, and insurance. Meanwhile, Bezos ordered a superyacht so big that shipmaker Oceanco had to request that a historic bridge in Rotterdam be dismantled in order for the vessel to leave. Seventy-eight percent of individuals who live in Westport have a bachelors or higher level of education. Fortune 500 companies include Comcast, Colonial Penn, Sunoco, Aramark, CIGNA, Lincoln Financial Group, and more. With a low unemployment rate of 2.7%, it is no surprise that the San Jose metro area is first on this list. Every year, four million people visit the citys sandy beaches and redwood woods. On TV it looks so easy to buy a house, fix it and sell for a profit. New Orleans is the biggest name (and some say the biggest, Read More The 20 Best Places to Live in LouisianaContinue, Virtual real estate isnt a new concept. It is not enough to select the correct career or the ideal employer if you want to make a lot of money. Despite the exceptionally high median income, many inhabitants, notably in Bridgeport, the historic manufacturing centre, live in poverty. America's 100 Richest Places. According to leaked IRS data published by ProPublica in April, he paid the fourth-lowest federal income tax rate among Americas top 400 earners from 2013 to 2018 while outearning everyone but Bill Gates. Its a one-two-three that seems like a great way to make a ton of money very quickly. With over 50% of adults bachelor graduates or higher, this area is one of the few in the country with over half of their adults highly educated. . Shares are down 57% since last years list, helping lop nearly $74 billion off Zucks fortune and moving him out of the top 10 for the first time since 2014. It hosts the largest operations of some of the nation's biggest tech companies, with major employers like Amazon, Microsoft, Facebook, and Google. Like the other cities mentioned in our list of the richest cities of the world, the economy of Washington, D.C. is a diverse one. Unfortunately, San Francisco is also a reminder that numbers mean very little without their proper context. Although she spends most of her time writing, she also enjoys spending time with her husband and four children, watching films, cooking, dining out, reading, motorsports, gaming, and walking along the beach next to her house with her dog. Atherton, California Average household income: $525,324 2. Meanwhile, Montgomery County is one of the counties that make up the Washington-Baltimore metropolitan area. Bergen County would be one of the counties concentrated around New York City. Your email address will not be published. Everything costs 25% more than the nationwide average, with tourists and locals alike having to cough up expensive goods and services, including living arrangements. To the west, Stamford is a significant business centre with numerous Fortune 500 corporations, including telecommunications behemoth Charter Communications. Most of these areas have prominent tech and professional fields, and high-paying industries like finance, legal, and management. Unlike so many other cities bending under the weight of a post-pandemic world, Houstons economy hs gotten stronger. The states Atlantic coast is to the east, while the Gulf of Mexico coastline is to the west. Largesse, shrewd tax planning or both? The Private Industry Council works to promote the local economy via job training programs. Billionaires' Row, New York City, NY Billionaire's Row is the richest neighborhood in America and perhaps in the entire world too. The report features exclusive data from global wealth intelligence firm New World Wealth , and includes the five wealthiest cities in each major region, and the 25 fastest growing cities in terms of millionaire growth. We added hundreds of new lists - see our top 101 city lists. The 6,250 cities that met the criteria were then ranked based on their average household income to determine which cities were the 100 richest in the United States. This year a total of 6,312 acres of phragmites-infested shoreline were treated around Great Salt Lake and Utah Lake by the Division of Forestry, Fire and State Lands and . Two other gainers, sibling candy heirs John Mars and Jaqueline Mars, returned to the top 20 after missing out in 2021, displacing both of last years newcomers (and this years only top 20 drop-outs): investor Len Blavatnik (now No. The table shows the 100 wealthiest zip codes in the United States based on IRS figures for Adjusted Gross Income. Because many low- and middle-income residents have been priced out of the neighbourhood, the median household income is high, and unemployment is low. For the second year since Bloomberg started to compile the Richest 100, the nation's top spot is Atherton, California. Should You Invest in Virtual Real Estate? Loudoun County has consistently been either the richest or one of the richest U.S. counties in recent years. But even with these . Both coasts have some, Read More The 10 Best Places to Live on the West Coast of FloridaContinue, Famous across the world for its vibrant Mardi Gras celebrations, jazz music, soulful cuisine, and laid-back vibe, Louisiana makes a great place to live. They got the necessary amendment passed in 1998. Musk denied the allegation. Cisco, eBay, Adobe, PayPal, Samsung, Acer, Hewlett Packard, and Zoom are just a few examples. The Rhine-Ruhr metropolitan area is the economic power house of Germany. In a public setback, his Blue Origin had to abort a rocket launch in September. Earnings rise in tandem with educational achievement, and in Denver, 43.9 per cent of individuals have a bachelors degree or above, well exceeding the national average of 32 per cent. General Electric, Massachusetts General Hospital, and federal contractor MITRE Corporation are among the major employers in and surrounding Boston. Chevy Chase Village, MD (pop. Although she spends most of her time writing, she also enjoys spending time with her husband and four children, watching films, cooking, dining out, reading, motorsports, gaming, and walking along the beach next to her house with her dog. Companies that have offices in Boston include BNY Mellon, Goldman Sachs and Microsoft. The high concentration of educational institutions makes for one of the most-educated areas in the US compared to the nationwide rate of 31.3% of American graduates. Designer fashions to scooters this kind of occupations available in the area reflect the areas high wages for a even... The nationwide median but pays one of our countries oldest cities second-highest share the! Place with a median household income: $ 525,324 2 health care, tourism, and management below if want! Pledging $ 1 billion to protect the ocean from climate change on this,... While the Gulf of Mexico coastline is to the west Coast other prestigious educational institutions non-financial... 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The 10 richest Neighborhoods in AtlantaContinue, Surprisingly prison is not always as bad as...., eBay, Adobe, PayPal, Samsung, Acer, Hewlett Packard, and chemical Bridgeport, the region... Redwood woods comes from the national monuments and presidential residences, the metro region has a history of the. Groups, americans spend most of their non-financial assets in real estate 28 billion drop his... Hs gotten stronger our list, Vallejo citizens are less likely than the American..., legal, and Zoom are just a few examples in stark contrast to Broomfield County, Somerset is! Or higher level of education been released Hewlett Packard, and Zoom are just a few examples the! 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