- Bloomberg released its annual Richest Places index. The Silicon Valley neighbourhood of Atherton came out on top for the fourth year in a row.
- The index ranks the wealthiest communities in the US by average household income, and to crack the list, a neighbourhood needs an average household income of $US220,000.
- Elite neighbourhoods in coastal states dominated – California and New York City suburbs comprised most of the top 20.
- Visit Business Insider’s homepage for more stories.
Bloomberg released its annual Richest Places index, revealing the wealthiest towns in the US.
The index ranks the wealthiest communities in the US by average household income. This year, to crack the top 100, a neighbourhood needed, at minimum, an average household income upwards of $US220,000. The top 20, listed below, each had an average household income over $US300,000.
Most of the neighbourhoods featured on the list are ritzy suburbs of major cities. Many were coastal – California and the Northeastern states were particularly well represented. Some towns listed are the homes of famous financiers, politicians, and actors; these wealthy residents obviously provide huge boosts to the area’s average income.
Keep reading for a look at richest towns in the US.
20. Great Falls, Virginia
Average household income: $US311,915
Great Falls is just outside of Washington, DC and boasts views of the Potomac River.
19. University Park, Texas
Average household income: $US313,255
University Park is a suburb of Dallas. It is home to Southern Methodist University.
18. Palm Beach, Florida
Average household income: $US314,090
Palm Beach is in South Florida and is home to Trump’s infamous Mar-a-Lago.
17. The Village of Indian Hill, Ohio
Average household income: $US318,319
The Village of Indian Hill is a suburb of Cincinnati.
16. Old Greenwich, Connecticut
Average household income: $US321,377
Old Greenwich is a coastal town in Connecticut, an hour outside of New York City. It’s known for drawing wealthy Wall Street types.
15. Larchmont, New York
Average household income: $US324,835
Larchmont is a coast-hugging town in well-known Westchester County.
14. Paradise Valley, Arizona
Average household income: $US328,353
Paradise Valley is right outside of Phoenix. It is known for its luxury golf courses, and it’s also the hometown of both Emma Stone and Dick Van Dyke.
13. Bronxville, New York
Average household income: $US330,421
Bronxville is 15 miles north of New York City, also in Westchester County. It is home to Sarah Lawrence College.
12. Rumson, New Jersey
Average household income: $US337,696
Rumson is a waterfront New Jersey town that boasts Jon Bon Jovi as a resident.
11. West University Place, Texas
Average household income: $US352,418
West University Place is a suburb of Houston, just southwest of downtown.
10. Darien, Connecticut
Average household income: $US352,839
The leafy town on the Long Island Sound boasts 11 parks and has easy public transport links to Manhattan.
9. Winnetka, Illinois
Average household income: $US353,700
The setting of the much-loved Christmas movie “Home Alone,”Winnetka is a suburb of Chicago, just north of the city on Lake Michigan.
8. Glencoe, Illinois
Average household income: $US358,543
Glencoe, just north of Winnetka, is another Chicago suburb situated on Lake Michigan. It is 25 miles from the city.
7. Highland Park, Texas
Average household income: $US365,025
Highland Park is an affluent suburb of Dallas, just four miles north of downtown. It’s also the hometown of Claire Underwood, the fictional president of the United States in “House of Cards.”
6. Short Hills, New Jersey
Average household income: $US388,760
A 45-minute drive to New York City, Short Hills is known for being a commuter town.
5. Los Altos Hills, California
Average household income: $US405,073
Los Altos Hills is a Silicon Valley town. Google cofounder Sergey Brin and Google CEO Sundar Pichai both call it home.
4. Cherry Hills Village, Colorado
Average household income: $US430,681
The Denver suburb is home to famous former Denver Broncos John Elway and Peyton Manning.
3. Hillsborough, California
Average household income: $US430,681
Hillsborough is a notoriously hilly neighbourhood that is only 17 miles from San Francisco.
2. Scarsdale, New York
Average household income: $US452,041
Scarsdale is 35 minutes away from New York City, and yet another town on this list that’s in Westchester County. Famous residents include Daniel Och, the founder of the hedge fund Och-Ziff Capital Management.
1. Atherton, California
Average household income: $US525,324
Home to tech billionaires such as Facebook’s Sheryl Sandberg and Google’s Eric Schmidt and just a short drive from Palo Alto and San Francisco, Atherton is richest place in America for the fourth year in a row.
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