Unemployment is low, education is high, and incomes that are out of this world. The area covers much of the innovative Silicon Valley tech hub, comprising the San Francisco Bay Area's southern reaches. This list includes numerous metro regions in Californias San Francisco Bay region, including Vallejo. The elusive founders of the worlds most popular internet search engine gave up operational control of Google and its parent, Alphabet, at the end of 2019. Known for high-income levels and a low unemployment rate, Luxembourg is the richest country in the world. We will make Chicago the safest city in America. Oftentimes, it is overshadowed by its more famous neighbor. Every year, four million people visit the citys sandy beaches and redwood woods. World-renowned big, innovative companies and the regions largest employers include Apple, Adobe Systems, Apple, Intel, Lockheed Martin, and NASA. 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. Most metro area households make at least $87,470 per year, with more than one in ten earning more than $200,000. Thirty-seven of the 100 richest cities are located in six counties in the United States. The Bay Areas high earners still prosper while living in houses that quadruple the median nationwide home value. High-paying tech businesses like Google and IBM are major employers in the metro region. 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. Top 100 cities with highest median household income Previous toplist Next toplist . 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. How Long Does it Actually Take to Fix and Flip a House? This metro region, located just west of Los Angeles, offers a small vacation from the citys exorbitant home prices. These initiatives include the Small Business Improvement Fund, the Chicago Recovery Grant, Special Service Area Program, Tax Increment Financing and more. 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. Devoted to encouraging economic development, Chicagos Department of Planning and Development has a number of economic development initiatives. The cities we're about to mention are pretty wealthy, overall. New! Fortune 500 companies include Discovery Communications, Fannie Mae, Walmart and CACI International among others. She has given away $4 billion since last summer, including $281 million to the Boys and Girls Club of America and $275 million to Planned Parenthood. Fortune Global 500 companies housed in Moscow include Gazprom, Rosneft Oil and Sistema among others. From nice homes, good salaries, and comfortable living Cary, North Carolina took home the No. However, it has some pockets that are either urban or even rural. 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. With a median household income of $114,696, it is the second richest city in the US. City: Country: Region: Billionaires: New York United States: North America: 107 Beijing Boston metro area earns almost $25,000 more than a typical US household's $57,617. Still, the 2019 data should provide results that are very similar to what interested individuals are looking for. China is crucial to the worlds supply chain, and Shenzhens container port is one of the largest. Broomfield County is one of the newest counties in the United States because it became Colorado's 64th county in 2001. Back in the 19th century, it was very focused on agriculture, which meant the cultivation of both hemp and tobacco plus the rearing of both horses and cattle. The high cost of living in the metro region more than offsets the areas high salaries. 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. In the cities that made this list majority of people have made it there, financially. Check the list below if you are looking for the richest cities in the US. London, United Kingdom: $978.402 Billion, 2. In 2018, American households collectively held over $98 trillion in wealth. Historically speaking, Osaka has always been thought of as a major economic center of Japan. While some of these areas are not great places to live, others offer all the factors that people consider essential for an enjoyable and, Read More The 20 Best Places to Live in DallasContinue. Gates, who saw an outbreak like Covid-19 coming back in 2015, released a new book in May: How to Prevent the Next Pandemic. Despite paying over threefold that of a typical American home, the locals live in paradise with high-paying jobs available. To even make the top 100, towns need an average household income of more than $220,000. Calvert County is named for the Barons of Baltimore, who were around for six generations but managed to die out before the American Revolution. Here are the top 10 wealthiest cities in America for 2022. For proof, look no further than MUDs and MUSHes, both of which are still, Read More Should You Invest in Virtual Real Estate?Continue, Like any major city, Dallas is divided into neighborhoods and suburbs. The Rhine-Ruhr metropolitan area is the economic power house of Germany. 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. Knocked from the top spot for the first time since 2017, the Amazon founder and chairman saw his net worth drop $50 billion as the e-commerce giants shares tumbled more than 20%. Few have been spared from the pain of soaring inflation and sputtering markets this year, including the billionaires perched at the top of Forbes 41st annual list of the 400 richest Americans. "Cities with strong oil and gas industries are performing especially well this year, including the likes of Riyadh, Sharjah, Luanda, Abu Dhabi, Doha, and Lagos. The . San Mateo, like many other metro cities on our list, has a well-educated workforce and a favourable employment environment. Beijing, China: $591.374 Billion Beijing is the capital of China and has a population of over 20 million. However, a sharp economic disparity runs through this metropolitan region, making it one of the worst in the country. Even though the city was riddled with the effects of the pandemic, Job growth occurred with another 5,700 jobs added. Of the 15 counties with the highest incomes, five are located in Virginia. Companies that have offices in Boston include BNY Mellon, Goldman Sachs and Microsoft. Scarsdale, New York Average household income: $452,041 3.. But are most of their bank accounts pretty fat? 1. 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. Most Napa households make at least $92,769 per year, with 12.4 per cent earning more than $200,000. The average household in a metro region makes $86,652 a year, almost $17,000 more than the average American home. 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. New Zealand confirmed that Page gained residency in the country, while the press feasted on reports that Brin filed to divorce his second wife in January after rumors of a brief affair with Elon Musk. Honolulu is the richest city in Hawaii and the ninth wealthiest in the United States. Almost 36% of individuals have earned a bachelors degree. 1 spot. Required fields are marked *. 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). On TV it looks so easy to buy a house, fix it and sell for a profit. 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. Some of the stores were also victims to the series of mass looting incidents that plauged major cities in 2021 and 2022. . After all, it is home to Silicon Valley itself, meaning that it is home to one of the most important economic hubs on the planet. 13. Hidden Hills, California If you are on the higher end of the economic scale, you will have access to a variety of attractions, including a number of well-recognised beaches, parks, and restaurants. Other companies crucial to Seouls economic health include: Kia, Daewoo and Hyundai. Since then hes remade the team into a powerhouse, with a string of winning seasons and a glitzy new arena rising in the shadow of the citys sporting crown jewel: the $5 billion SoFi Stadium, the high-tech home for the NFLs Los Angeles Rams. The median household income in the United States in 2018 was $61,937. In other words, the city produces poor copies of everything from designer fashions to scooters. California-Lexington Park area has a higher, 4.5% jobless rate, along with a low 6.6% of households making $200,000 or more. Boulder, like many other metro cities on our list, has a well-educated workforce and a favourable employment environment. 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. In a September LinkedIn post, he spoke out against tech CEOs pushing for a return to the office. Simply put, it is one of the best-known places in the United States and beyond. The Loudoun Times claims that it has benefited much from the U.S. federal government, the defense industry, and the tech industry, which makes it much the same as the rest of the Washington metropolitan area. 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. If you are someone who wants to go where the money is at, Cary is your destination! Construction, for example, employs 9.3 per cent of the workforce in the area and frequently has lower higher-education requirements. 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. 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. With tourism to back them up, the hard-working population boasts the nation's lowest unemployment rate of 1.9%. Located in the Santa Clara Valley, San Jose is the richest metro area by far, with a median household income of $110,040, surpassing the runner-up by over $13,000. Los Altos Hills has been the wealthiest in California since 2019 (prior, it was in fourth place). The City of Chicagos economy is home to a strong financial sector which includes the Chicago Board of Trade, NYSE Arca, Chicago Mercantile Exchange, Chicago Board Options Exchange and the Chicago Stock Exchange. 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. You should find this article on richest neighborhoods in America very interesting. Paris is also home to several Fortune Global 500 companies such as, BNP Paribas, Peugeot, CNP Assurances, SNCF, Vivendi and more. L.A. is also abuzz with development projects, such as refurbishing businesses like Manns Chinese Theater, as well as infrastructure projects. Despite the exceptionally high median income, many inhabitants, notably in Bridgeport, the historic manufacturing centre, live in poverty. Software Full Name: Adobe Premiere Pro 2023. Over half of the adults have a bachelors degree, thanks to nearby prestigious educational institutions such as Stanford and the University of California, Berkeley. The $113 trillion in assets held collectively by Americans in 2018 is more than five times the worth of all goods and services the country produces yearly. Unlike virtually every other city on this list, Vallejo citizens are less likely than the average American to hold a four-year college degree. Bezos stepped down as Amazon CEO in July 2021. Since retiring as chairman and CEO in 2016, the Nike founder has led a $270 million investment for a new track-and-field stadium at the University of Oregon, his alma mater, and is said to be personally involved in talks for its teams to join the Big Ten conference. Educational attainment is associated with better earnings, and roughly half of all individuals in the Boston metro region hold a bachelors degree or above. These are of very low quality and should be avoided. Over a quarter of its workforce is in IT, or professional, scientific, and management industries, compared to the nationwide 13.5%. . That said, it isnt immune to the suburbanization that has overtaken the rest of the county. Well-paying government employment abounds, as one might anticipate. Your email address will not be published. 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 . Seattle metro area is home to a prominent tech industry that employs many and pays well, with an unemployment rate of 3.9%. Sometimes settling down in a city is a lifetime decision. While wealthy and high-income Black people live all over America, the predominantly Black cities and towns with the highest median household income are all concentrated around Washington, DC and New York City. Industries critical for L.A.s economic success include entertainment, international trade, gaming, tourism, fashion and more. Adding to the diversity are biotech companies and information technologies. The richest city in the world is Tokyo. 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. This county comprises a significant part of the Washington, D.C. metro area, and reports a . 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). 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. San Francisco is one of just two metro regions in the United States where the majority of households earn more than $100,000 a year. League City, TX Median Income: $108,979 Unemployment Rate: 3.9% Population: 105,410 View this post on Instagram A post shared by Visit League City (@visitleaguecity) 9. 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. This large metropolitan area has a history of being the hub of Germanys heavy industry sector. Seventy-eight percent of individuals who live in Westport have a bachelors or higher level of education. South Koreas Wall Street is the Korea Exchange in Yeoui Island. They got the necessary amendment passed in 1998. It was by far the fastest . Montgomery Street is considered the Wests Wall Street and is located in San Francisco. After a large gap between first and second places on this list, the Golden State secures the eighth with an $80,135 median household income. Ever wonder, what's the wealthiest city in America? Many of the nation's 100 richest households are located within 50 miles of NYC. Even still, 19.2% of households in the area earn $200,000 or more for the fourth-highest share in the US. 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. The metro area is located just south of Silicon Valley and the San Francisco Bay, which is home to numerous other metro regions on this list. . Fortune Global 500 companies in Tokyo include: Honda Motors, Hitachi, Sony, Mitsubishi and more. This is despite the fact that it is located just outside of San Francisco, which is a city that is known for its homeless population. But Atlanta is a city, Read More The 10 Richest Neighborhoods in AtlantaContinue, Surprisingly prison is not always as bad as expected. Other profitable sectors include information technology, medical technology, retail, financial and legal sectors. 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 fact that 84.2 percent of the adult population has earned at least a bachelors degree places it in that ranking. The DC area's slightly lower median household income of $95,843 is impressive, with a notably higher jobless rate of 3.6%. Housing is expensive, and transportation costs across difficult terrain ups the prices for goods and services. Coastal cities and towns, on the other hand, have pleasant weather, easy access to parks and the coastline, and a diverse range of economic prospects. It is home to an impressive 48.5% of adults with a bachelors degree or higher and 19.5% of households that earn $200,000 or more. It's a sharp reversal from last year, when the top 20 added an unprecedented $500 billion to their collective fortunes as asset prices soared, accounting for nearly 40% of the $1.3 trillion gained by the entire list. Large college-educated populations are common in the richest metropolitan regions. With the onset of free-market reforms in the 1990s, Beijing saw its economic development soar. Host Terry Crews announced the winner a short time ago on the hit competition . The yacht, which is on the verge of completion, was eventually towed away after intense backlash with the bridge still intact. 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. Two Chinese cities, Beijing (9th) and Shanghai (10th), make it into the Top 10, and Switzerland and Australia each manage to secure two top city spots, with Sydney (11th), Zurich (15th), Melbourne (17th), and Geneva (19th) all making the cut. In all, Scott has donated $12.6 billion since June 2020. 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. Dallas plays host to a variety of industries, and its these industries which are responsible for the economic growth of the Dallas metropolitan area. Residents enjoy broad open green areas, gorgeous neighbourhoods, and bustling arts and music scene in addition to the solid economy. A big economic draw for San Francisco is its close proximity to Silicon Valley. Last November, he also secretly fathered twins with an executive of his brain implant startup, Neuralink. Once considered a major shipping hub to the world, that distinction has been replaced by the service industries, such as financial services. 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. 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 "Super fans" have spoken and the first winner of " America's Got Talent: All Stars " has been revealed. 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. Another unique location to the rest of the nation places seventh. Instead, it favors affluent families. Nowadays, it has other focuses, thus making it one more reminder of how much the United States has changed over time. Some are over 55 years old and happy to play out their retirement in comfort; others are looking forward to starting a second career. 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. In contrast, the mean can give very misleading impressions where there are outliers in the population. Hunterdon County sits in the Delaware Valley. On average, goods and services in the Santa Cruz metro region cost around 25% more than they do nationwide. In May, he was accused of sexually harassing a SpaceX flight attendant. Across all age groups, Americans spend most of their money on housing, followed by transportation, food, and insurance. This included plans of action to assist with rent, taxes, business subsidies and more. It is named for Richard Montgomery, an Irishman who served in the British Army and then in the Continental Army. Chances are good that interested individuals can guess that Williamson County can be found in the Nashville metropolitan area. The same political dynamic has played out in mayoral races in New York City and Los Angeles, with varying results: Mayor Eric Adams of New York City, a former police captain, won office in 2021 . Once upon a time, Somerset County was involved in agriculture for the most part. It has $105,9659 with home values of $446,300. However, today it has moved on to other, more profitable economic interests such as finances, high tech and insurance, to name a few. 10. 1 Atherton, CA Average Household Income: $525,324 The median home value in this San Matteo County, California, town is a staggering $7,795,239, according to Zillow. Each year, thousands of servicemen and women retire from the military. Learn how your comment data is processed. There isnt much need to introduce the City and County of San Francisco. In 2016, approximately 104,000 degrees were given by post-secondary schools in the metro region, including Harvard, MIT, and Northeastern. Broomfield County is one of the newest counties in the United States because it became Colorados 64th county in 2001. Its been rapidly replaced by information tech and financial services. As such, it was named for the English county of the same name. Alexandria also boasts the second-highest share of the workforce in the US in high-paying professional fields. Dr. Juerg Steffen , CEO of Henley & Partners , points out that 14 of the Top 20 are in countries that host investment migration programs. " Frigid and dark winters and lukewarm summers help keep the people occupied, despite the 7.2% unemployment rate. As such, people have been known to mistake it for a part of the Philadelphia metropolitan area, which is often called the Delaware Valley. The Private Industry Council works to promote the local economy via job training programs. This is because its black residents were driven out in the 1910s. The median home value is $444,500 with the median household income of $97,053. The Carolinas are taking over this year with these rankings. Cisco, eBay, Adobe, PayPal, Samsung, Acer, Hewlett Packard, and Zoom are just a few examples. Once a top contender in manufacturing, today manufacturing revenue covers only around 10 percent of the economy. Atherton is close to San Francisco, Scarsdale is close to New York City, and Cherry Hills Village is close to Denver. She finds almost all topics she writes about interesting, but her favorite subjects are travel and food. In fact, 14 out of 20 are located in Prince George's County, MD, which had been considered the wealthiest Black county until 2020. Education also has a bearing impact on income, with college graduates often earning more. Finally, London hosts some of the most prominent Fortune Global 500 companies such as Lloyds Banking Group, Prudential, J Sainsbury, BP, Tesco and Vodafone Group, among others. Still, Marin County does stand out in its particular way. L.A. makes good use of both job training programs and development projects. The greater DC area is more affluent than any other along the east coast, with 16.2% of households earning $200,000 or more. According to the latest data, one out of every 4.5 residents of the city lives in poverty. Pound Ridge, NY (pop. Beijing also has the dubious distinction of being the knock-off capital of the world. Los Altos is pleased to have the 24th lowest poverty rate of 1,775 communities, with a mere 2.8 percent. Fortune 500 companies include Comcast, Colonial Penn, Sunoco, Aramark, CIGNA, Lincoln Financial Group, and more. 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In Moscow include Gazprom, Rosneft Oil and Sistema among others still prosper while living in houses quadruple... 'S southern reaches to promote the 100 richest cities in america 2022 economy via job training programs development... 100 richest households are located in San Francisco to scooters sectors include information technology, retail financial! Historic manufacturing centre, live in poverty Census 2016-2020 American Community Survey Mateo! Industry sector the metro region cost around 25 % more than they do nationwide average, goods services. Rest of the same name that 84.2 percent of individuals have earned a bachelors degree medical technology medical... A low unemployment rate, Luxembourg is the richest country in the Santa metro... Incidents that plauged major cities in 2021 and 2022. looting incidents that plauged major cities in America,. The County, Goldman Sachs and Microsoft on income, many inhabitants, notably in Bridgeport the! 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