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]. The states with the highest number of the richest cities are California with 23, New Jersey with 18, and New York with 13. A little known fact is that L.A. is the manufacturing center of the country. In terms of asset management, FinTech, and ESG investment, Tokyos continued growth as the worlds most foremost economies appears secured. City: Country: Region: Billionaires: New York United States: North America: 107 Beijing 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. Today, Boston is a center of learning with many stellar educational institutions like MIT and Harvard, which contribute greatly to Bostons economy. A strong labour market boosts earnings. If you are someone who wants to go where the money is at, Cary is your destination! Seattle metro area is home to a prominent tech industry that employs many and pays well, with an unemployment rate of 3.9%. Before the Ukraine invasion, Moscow was the economic hub of Russia. Under those circumstances, it is no wonder that people of means have flocked to the county. In March, Berkshire Hathaway agreed to shell out $11.6 billion for insurer Allegheny Corp. The Shenzhen Special Economic Zone was created in May of 1980 and is based on Irelands Shannon Free Zone. 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. Over a quarter of its workforce is in IT, or professional, scientific, and management industries, compared to the nationwide 13.5%. If divided evenly, each household would have over $343,000, which is not the case. Education also has a bearing impact on income, with college graduates often earning more. The Private Industry Council works to promote the local economy via job training programs. Instead, Hunterdon County is yet another part of the New York metropolitan area. A typical Anchorage household earns $25,000 more yearly than the nationwide median but pays one of the US' highest living costs. It should come as no surprise that University Park, which is home to the University of Maryland, has the highest education ranking in the country. Indianas wealthiest folk tend to prefer smaller, more relaxed cities, Read More The 10 Richest Cities in IndianaContinue, If youre looking for a new place to live or even a place where you can just invest in some real estate, you might be thinking only about large cities. Due to heavy investment into research and development, high-tech companies in Shenzen have consistent government support. The number of Black households earning $200,000 or more a year in Charles County quadrupled between 2009 and 2020, according to a Washington Post analysis of ACS data. Even still, 19.2% of households in the area earn $200,000 or more for the fourth-highest share in the US. 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. The 10 Best Places to Live on the West Coast of Florida. According to the Greater Houston Project, As retailers work to rebuild their inventories, as factories struggle to resolve supply chain issues, as the global economy continues to grow, so will the demand for Houstons exports, and so will Houston employment,. Boulders unemployment rate of 2.5 per cent is far below the national unemployment average of 3.8 per cent, and over two-thirds of individuals have a bachelors degree or above, compared to less than a third of Americans. Some of the stores were also victims to the series of mass looting incidents that plauged major cities in 2021 and 2022. . In the past, manufacturing was seen as a booming sector in Shanghai, but lately its slowed and is being replaced by financial services, trade, information tech, real estate and commerce, among others. 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. The 20 Best Places for Retired Military to Live, U.S. Census Bureaus American Community Survey, How Bebe Rexha Achieved a Net Worth of $10 Million, The 20 Worst Cities for Human Trafficking in the World, How Simu Liu Achieved a Net Worth of $4 Million, The 20 Best Chevy Muscle Cars of All-Time, How Lizzo Achieved a Net Worth of $40 Million. The largest economy in states, New York Citys prosperity is rooted in Wall Street. 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). Unfortunately,, Read More How Long Does it Actually Take to Fix and Flip a House?Continue, No one can claim that every resident of Atlanta is dripping in riches. Historically speaking, people were interested in the region because its rich soils produced bountiful harvests. But are most of their bank accounts pretty fat? In 2022, Forbes listed New York City with the most billionaires at 107 people, followed by Beijing with 83 billionaires, and Hong Kong in third place with 68 billionaires. Many wealthy citizens in Washington DC work high-paying legal and government jobs with over 20% employed in the professional, scientific, and management industries area-wide. Hes throwing good money after good: The Clippers, long among the worst franchises in the league, are now worth more than $3 billion. SALT LAKE CITY - The ongoing work of controlling the spread and mitigating the impact of an invasive plant species, Phragmites australis, on the shoreline of Great Salt Lake and Utah Lake continued to see success in 2022.. Construction, for example, employs 9.3 per cent of the workforce in the area and frequently has lower higher-education requirements. Using data from the US Census, Bloomberg evaluated inflation-adjusted household data with a minimum of 2,000 households. 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. 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. Patagonia, an outdoor apparel brand, is also located here. In 2018, American households collectively held over $98 trillion in wealth. Agriculture employs 3.4 per cent of all workers in the area, more than double the national average of 1.7 per cent. 12. As a group, this years top 20 are worth $1.6 trillion$235 billion less than a year ago, accounting for nearly half of the $500 billion lost by the entire Forbes 400. 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. People are very interested in both what other people earn and what other people have earned based on the contents of the Internet. . The other two would be Nassau County and Suffolk County. Since ceding his seat on the retailers board to son Steuart in 2016, the richest of the Walton heirs has remained focused on running the familys Arvest Bank, which will funnel a sliver of its $27 billion in assets to a University of Arkansas football player as part of a name, image and likeness (NIL) deal announced in August. In June, the holistic health institute she founded in Bentonville a year earlier was renamed the Alice L. Walton School of Medicine. Known as a center of learning due to the many high caliber universities in the city such as Osaka and Kansai universities, Osaka attracts creative and innovative industries. 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. Housing is expensive, and transportation costs across difficult terrain ups the prices for goods and services. 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. The lower-than-average bachelors degree completion rate is most likely due to the kind of occupations available in the area. Meanwhile, Montgomery County is one of the counties that make up the Washington-Baltimore metropolitan area. 2017. It goes without saying that due to its history tourism is a huge draw when it comes to obtaining revenue. Primarily, Fairfax County consists of suburbs. Fortune 500 companies include Comcast, Colonial Penn, Sunoco, Aramark, CIGNA, Lincoln Financial Group, and more. The public schools of Fairfax County, of which McLean is a part, have earned a national reputation for excellence. 10. Housing within these areas is over the national median of $205,000, including typical homes worth over half a million dollars. A big economic draw for San Francisco is its close proximity to Silicon Valley. Unemployment Rate: 3.9%. The current state of the Moscow economy isnt as bright as it was earlier in the year due to sanctions. 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. Median Income: $108,979. In stark contrast to Broomfield County, Somerset County is one of the oldest counties in the United States. The cities we're about to mention are pretty wealthy, overall. 1 spot. This large metropolitan area has a history of being the hub of Germanys heavy industry sector. Compatibility Mechanical: 64 Bit (x64) 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. Potomac, Maryland is located just across the Potomac River from this city, which has a population of 47,682 and is located on the outskirts of Washington, District of Columbia (another one of the richest cities in America). After all, Paris is one of the hotbeds of world tourism, its the city of love and art. Simultaneously, Douglas County includes a part of Colorados third largest city Aurora. Beijing, China: $591.374 Billion Beijing is the capital of China and has a population of over 20 million. Alexandria also boasts the second-highest share of the workforce in the US in high-paying professional fields. The fact that 84.2 percent of the adult population has earned at least a bachelors degree places it in that ranking. Sales at Americas second-largest private company, Koch Industries, reached some $125 billion in 2021, up from an estimated $115 billion a year earlier. San Francisco has one of the finest educated populations among metro regions in the country, and its incomes tend to climb with educational attainment. For instance, the city of New York is a metropolitan area made up of 5 boroughs with each borough contributing to the cities overall GDP. When compared to folks in other parts of the country, the median household income is $130,865. While COVID-19 had a severe influence on Santa Cruzs economy in 2020, the tourist sector often provides a significant boost to the citys economy. Originally, Broomfield was situated in Boulder Countys southeastern corner. This metropolitan area has ranked as the fourth-best richest city by median household income. For instance, Osaka is home to major electronics corporations like Sharp and Panasonic as well as pharmaceutical companies, food, retail and trading companies. US households also commonly face large debt or liabilities like mortgages and student and car loans. Of the 15 counties with the highest incomes, five are located in Virginia. 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. Another industry that rains gobs of revenue on the City of London is the tourism industry with over 20 million visitors per year. Rank City Income; 1. Paris is also home to several Fortune Global 500 companies such as, BNP Paribas, Peugeot, CNP Assurances, SNCF, Vivendi and more. Almost 36% of individuals have earned a bachelors degree. You must also locate yourself in the appropriate city. Beyonc, Jay Z and Taylor Swift are just a few of the celebrities who own property in Tribeca. Dr. Juerg Steffen , CEO of Henley & Partners , points out that 14 of the Top 20 are in countries that host investment migration programs. " Dont miss out this article on richest counties in the US. Boston metro area earns almost $25,000 more than a typical US household's $57,617. Despite a sizable drop of over $5,000 from the previous area, Fairfield County still fairs well in fourth place with a $90,123 median household income. Boulder, like many other metro cities on our list, has a well-educated workforce and a favourable employment environment. Please note that these numbers are median household incomes rather than mean household incomes. Chances are good that interested individuals can guess that Bergen County sees a lot of traffic to and from New York City, so much so that Mental Floss says that the George Washington Bridge connecting the two is the busiest motor vehicle bridge in the entire world. The Rhine-Ruhr metropolitan area is the economic power house of Germany. Other industries which thrive here are those in high-tech, scientific R&D, professional services such as legal, insurance, finance and public administration. Your email address will not be published. Honolulu is the richest city in Hawaii and the ninth wealthiest in the United States. Largesse, shrewd tax planning or both? . On TV it looks so easy to buy a house, fix it and sell for a profit. Through his VC firm, he has invested in everything from digital media company Overtime Sports to Wildtype, which makes seafood from fish cells. Musk, worth an estimated $251 billion, is $60.5 billion richer than a year ago, thanks to an 11% increase in the price of his electric vehicle makers shares and a fresh funding round that valued his rocket maker at $127 billion. After which, it was just a matter of handling the transition during the transition period that had been granted. This metro region, located just west of Los Angeles, offers a small vacation from the citys exorbitant home prices. To the west, Stamford is a significant business centre with numerous Fortune 500 corporations, including telecommunications behemoth Charter Communications. The Forbes Philanthropy Score 2022: How Charitable Are The Richest Americans. Cary, North. Stamford is also a primary business hub in the region. Additionally, the top 100 richest cities in the United States have quality school systems and proximity to city centers or high-profile companies such as Google or Facebook. In any case, Montgomery County has a second claim to fame in that it is one of the best-educated U.S. counties on top of being one of the richest U.S. counties. San Mateo is the richest city in Colorado and the tenth wealthiest in the United States. In short, it came into existence because of the city that is now the same as the county. Even now, the southern part of the county is still focused on agriculture because it is still rural for the most part. Save my name, email, and website in this browser for the next time I comment. 6. Did you know that St. Louis, Missouri, had the highest rate of murder in the country in 2022 and that Baltimore, Maryland, broke its own record for murders i. The most notable feature of University Park is that it is the location of Southern Methodist University, a prestigious private institution located in the Dallas neighborhood of University Park. Only 26.6 per cent of adults in the metro region hold a bachelors degree, compared to 32 per cent of Americans. 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. Companies that have offices in Boston include BNY Mellon, Goldman Sachs and Microsoft. 10. Despite paying over threefold that of a typical American home, the locals live in paradise with high-paying jobs available. The cannabis business is rather recent, but also encourages financial growth for the city. 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. The median household income in Santa Cruz is $89,269, which is more than the national median income in all but a dozen metro regions. 1. The Bay Areas high earners still prosper while living in houses that quadruple the median nationwide home value. Scarsdale, New York Average household income: $452,041 3.. The high property values in the area reflect the areas high wages. Yeah they are. 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. 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. According to Home Snacks, the wealthiest cities in America for 2022 were determined by taking into consideration the number of residents living in poverty, income rank, and percentage of the population unemployed. Even if city life doesnt appeal to you, the stunning Rocky Mountains are only an hour away. Oftentimes, it is overshadowed by its more famous neighbor. China is crucial to the worlds supply chain, and Shenzhens container port is one of the largest. Its no surprise to anyone that a good chunk of the Paris economy is the tourist trade. Setup File Name: Adobe_Premiere_Pro_v23.2..69.rar. A huge part of this development was the influx of multi-national corporations. The 10 Richest Cities In The US For 2022 Cary, NC Centennial, CO Frisco, TX Sunnyvale, CA Fremont, CA Bellevue, WA Pearland, TX Olathe, KS Overland Park, KS League City, TX Is everyone in these places loaded? County, Somerset County is one of the country economic Zone was created in May of 1980 and is on... 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