Bergen County would be one of the counties concentrated around New York City. Rank City Income; 1. 6. The Forbes Philanthropy Score 2022: How Charitable Are The Richest Americans. Primarily, Fairfax County consists of suburbs. Its been a wild year for Musk, who became the first person worth $300 billion in November, before Tesla shares slid amid the broader market selloff and investor fears of a distracted CEO after Musk agreed to buy Twitter for $44 billion. Fortune 500 companies include Discovery Communications, Fannie Mae, Walmart and CACI International among others. 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. The DC area's slightly lower median household income of $95,843 is impressive, with a notably higher jobless rate of 3.6%. 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. With a median household income of $114,696, it is the second richest city in the US. Still, Marin County does stand out in its particular way. 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. The majority of households in the metro region make at least $94,027 a year, with 12% earning more than $200,000. 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. In August she donated two Beverly Hills mansions, worth $55 million, to the California Community Foundation, which will sell them and use the proceeds for affordable housing and immigrant integration efforts. 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. 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. To the west, Stamford is a significant business centre with numerous Fortune 500 corporations, including telecommunications behemoth Charter Communications. Industries critical for L.A.s economic success include entertainment, international trade, gaming, tourism, fashion and more. According to the Economic Policy Institute, the richest 1% in Bridgeport-Stamford-Norwalk earn 62.2 times more than the bottom 99 per cent. Most of these areas have prominent tech and professional fields, and high-paying industries like finance, legal, and management. In short, it came into existence because of the city that is now the same as the county. However, its also a city steeped in industry. The town of six square miles is near Palo Alto, Stanford University and. With the onset of free-market reforms in the 1990s, Beijing saw its economic development soar. Across all age groups, Americans spend most of their money on housing, followed by transportation, food, and insurance. Dr. Juerg Steffen , CEO of Henley & Partners , points out that 14 of the Top 20 are in countries that host investment migration programs. " The average household in this state earns $85,000 more than in any other state. Unemployment is low, and more than 37% of individuals have earned a bachelors degree. As such when it comes to the richest cities in the world, New York City comes in at number 2. Setup Type: Offline Installer / Full Standalone Setup. Supposedly, Forsyth County has been seeing huge growth because of its affordable homes, its excellent amenities, and its proximity to high-paying jobs. Industries that contribute to New York Citys economy are health care, tourism, real estate, tech, publishing, fashion, media and insurance, among others. This metro area has signs of the uneven income distribution, with 46.6% highly-educated adults and an unemployment rate of 4.6%. With a low unemployment rate of 2.7%, it is no surprise that the San Jose metro area is first on this list. 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. Originally, Broomfield was situated in Boulder Countys southeastern corner. . 22), whose stake in Warner Music Group lost nearly 30% of its value in the last 12 months, and Stephen Schwarzman (No. ", The millionaire populations of Dubai, Mumbai, and Shenzhen are expected to break into the Top 20 wealthiest cities by 2030, according to Andrew Amoils , Head of Research at New World Wealth. The county is home to numerous sites of note. 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]. 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. Here I gathered the fifteen richest cities by median household income determined by the most recent government census data. 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. It hosts the largest operations of some of the nation's biggest tech companies, with major employers like Amazon, Microsoft, Facebook, and Google. San Mateo, like many other metro cities on our list, has a well-educated workforce and a favourable employment environment. Meanwhile, Montgomery County is one of the counties that make up the Washington-Baltimore metropolitan area. The Fortune 500 companies hosted by Boston include: State Street, Liberty Mutual Insurance, Gillette and General Electric. Its a one-two-three that seems like a great way to make a ton of money very quickly. Like San Francisco County, Santa Clara County has benefited much from Silicon Valley. 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 metropolitan region of Washington, D.C. includes the whole federal district as well as sections of Maryland, Virginia, and West Virginia. Even though the city was riddled with the effects of the pandemic, Job growth occurred with another 5,700 jobs added. 24), cofounder of alternative investments giant Blackstone. Your email address will not be published. In order to recoup losses, in June of 2022, the city of Shanghai released a post-lockdown business recovery plan. Housing is expensive, and transportation costs across difficult terrain ups the prices for goods and services. On TV it looks so easy to buy a house, fix it and sell for a profit. It has $105,9659 with home values of $446,300. ", 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. Here are the top 10 wealthiest cities in America for 2022. Almost 36% of individuals have earned a bachelors degree. 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. San Jose is the richest city in the US which is also the capital of Silicon Valley, home to over 2,500 high-tech enterprises and 90,000 employment. Unfortunately, the current law, federal and state taxes do very little for wealth distribution to accommodate low-earners. It completes the list with a respectable $78,195 median household income, slightly under the statewide median income of $78,945, but well above the national $57,617. The majority of households in the metro region make more than $87,828 a year, and one out of every ten makes more than $200,000. . Only 26.6 per cent of adults in the metro region hold a bachelors degree, compared to 32 per cent of Americans. Oxnard is a metro region just north of Los Angeles with a population of around 850,000 people. Overland Park, KS Median Income: $ 87,629 Unemployment Rate: 3.2 % Population: 193,412 View this post on Instagram 3. The median household income is pretty high. Napa is one of three California metro areas to make the list of the top fifteen richest cities in the United States. 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. In fact, London is one of the chief financial centers of the world. 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. With a typical home valued at just under $800,000, San Francisco exemplifies how affluent areas are often subject to high prices, including housing. 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? Calvert County is named for the Barons of Baltimore, who were around for six generations but managed to die out before the American Revolution. City employment is driven by AT & T, Walgreens, Abbott Labs, the CTA, Walmart and Allstate Insurance, among others. Sometimes settling down in a city is a lifetime decision. 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. 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. If Arlington County leans more towards the Washington metropolitan area, then Howard County leans more towards the Baltimore metropolitan area. In fact, 14 out of 20 are located in Prince George's County, MD, which had been considered the wealthiest Black county until 2020. America's 100 Richest Places. Since San Francisco County is on the tip of the peninsula while Santa Clara County is on the base of the peninsula, that means that San Mateo County is sandwiched between them. Once considered a major shipping hub to the world, that distinction has been replaced by the service industries, such as financial services. Shipping isnt the only industry which brings revenue into SEZ, its also the sizable industrial parks, high-tech industries and of course, trade. However, that isnt the case. 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. For instance, Osaka is home to major electronics corporations like Sharp and Panasonic as well as pharmaceutical companies, food, retail and trading companies. 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. Most Napa households make at least $92,769 per year, with 12.4 per cent earning more than $200,000. 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. The area is home to Bridgeport, one of the nation's poorest cities that evens out the high-earning professionals who commute to New York City for work. Santa Rosa, like most other high-income cities, is pricey. A healthy job market is important for the metro area to thrive economically. Other industries which influence the economy of Boston include the biotech industry, tourism, finance services and several Fortune 500 companies. Montgomery Street is considered the Wests Wall Street and is located in San Francisco. The metro region has a well-educated workforce (almost 44% of persons in the metro region hold a bachelors degree or above) as well as a number of high-paying businesses. Even if city life doesnt appeal to you, the stunning Rocky Mountains are only an hour away. 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