Here are the 10 Wealthiest Suburbs in America
The average household income in the richest suburb is nearly $570,000.
The 10 wealthiest suburbs in America have average annual household incomes of between $367,000 and $570,000, with typical home prices in these markets ranging from $1.1 million to $4.5 million.
Of the nation’s 50 wealthiest suburbs, 42 are situated on the coasts, with the East Coast home to 23 wealthy suburbs and the West Coast home to 19 wealthy suburbs. Plus, 16 of the richest suburbs are in California, five are in New York and five are in New Jersey.
The ranking from GOBankingRates is based on a study of every city with at least 5,000 households that rank in the top 50 by average household income. The firm notes many wealthy Americans have been moving away from notoriously wealthy cities like New York City, Los Angeles and Miami in favor of quiet and secluded suburbs.
The 10 wealthiest suburbs are ranked by GOBankingRates, as follows.
Scarsdale, New York
Average household income: $568,942
Typical home value: $1,413,514
Rye, New York
Average household income: $405,074
Typical home value: $2,119,482
West University Place, Texas
Average household income: $403,845
Typical home value: $1,605,049
Los Altos, California
Average household income: $400,817
Typical home value: $4,451,059
Paradise Valley, Arizona
Average household income: $385,643
Typical home value: $3,449,905
University Park, Texas
Average household income: $381,235
Typical home value: $2,305,281
Hinsdale, Illinois
Average household income: $380,479
Typical home value: $1,088,871
Great Falls, Virginia
Average household income: $373,735
Typical home value: $1,564,775
Orinda, California
Average household income: $370,203
Typical home value: $2,078,615
Wellesley, Massachusetts
Average household income: $367,801
Typical home value: $1,979,339