10 US Cities Only The Richest People Can Afford, Backed By Data
Finding an affordable place to live is a major challenge for many Americans. However, these cities stand out even more than the others, with sky-high median household incomes and other surprising factors that put them out of reach for most people. While living the dream of luxury and wealth might still be a work in progress, it doesn’t hurt to learn about these extravagant cities and imagine what life there could be like. Who knows? Maybe one day, you’ll be calling one of them home!
The article is based on statistics from World Population Review.
U.S. richest cities ranked
This list has been compiled by Bloomberg based on the data from the US Census. These 10 wealthiest cities in the United States are ranked on the basis of their median household income and the standards of living that are impacted by many factors such as level of education, employment opportunities, and availability of basic amenities.
Atherton, CA
Median household income: $450,696
With the highest median household income, Atherton attracts much attention from potential residents. The city’s penchant for economic growth, rewarding opportunities, and a robust tech industry in Silicon Valley contribute to its wealthy status. Atherton has some of the best educational institutions in the country, such as Menlo College, which allows most residents to attain a high level of education and invites a prosperous job market. The city is also closer to San Francisco, giving it access to many amenities.
Scarsdale, NY
Median household income: $417,335
NY is one of the priciest states, but Scarsdale has an impressively high median household income, directly contributing to a high living standard. Scarsdale is quite close to NYC, allowing it access to excellent job opportunities. The city has a prosperous educational sector and actively encourages outstanding performance, attracting affluent families. It also has a higher real estate value than surrounding cities, directly boosting individual growth.
Cherry Hills Village, CO
Median household income: $394,259
Although Denver typically takes most of the spotlight, its neighbor has some of the most impressive growth opportunities. Cherry Hills Village is one of the wealthiest residential areas, contributing to a stable economy and a higher quality of life. The city has world-class educational facilities, including the University of Denver, which attract elite families and further encourage financial growth. It also offers luxurious housing and an excellent living wage, which enhances its appeal.
Los Altos Hills, CA
Median household income: $386,174
In Silicon Valley’s heart, Los Altos Hills directly benefits from the rich tech hub, where affluent opportunities drastically improve living conditions. Los Altos Hills is also known for its luxurious residential areas, increasing its appeal. The city is home to great green spaces and parks, which enhance its desirability, prompting several wealthy families to move there. This, along with its significant educational development and higher-than-average living wage, makes the city rich and attractive.
Hillsborough, CA
Median household income: $373,128
Hillsborough is famous for its exclusive entertainment and residential areas, which increase its appeal to wealthy folks. The city also has some of the highest property values, providing attractive opportunities for residents and potential buyers. Hillsborough’s incredible infrastructure and world-class amenities make settling in much easier; coupled with an extensive job market and diverse opportunities, the city becomes a hub for success and growth.
Short Hills, NJ
Median household income: $367,491
Short Hills’ proximity to New York City allows it access to great job and educational opportunities, directly increasing its economic stability. The city also has one of the best schools in town. The high-value real estate properties in Short Hills significantly boost the city’s demand, attracting buyers willing to spend millions. Its luxurious retail scene and attractive living wage make it even more desirable for potential residents.
Highland Park, TX
Median household income: $358,994
Highland Park is among the most prosperous U.S. cities and the state’s wealthiest. It attracts families seeking high-quality educational opportunities because it is close to top-notch schools, including the Texas Tech University Health Sciences and the University of North Texas. Highland Park also has an ideal job market with frequent employment opportunities, making the city one of the richest in the U.S.
Darien, CT
Median household income: $341,090
It seems like New York City is indirectly responsible for some cities’ success, and Darien makes the list with attractive median household income. This affluent city suburb is among the richest in America, thanks to a promising real estate value. The city also has excellent job opportunities and one of the wealthiest educational structures. It’s also a hub for affluent families seeking housing near NYC.
Bronxville, NY
Median household income: $340,448
Rich historic architecture already puts Bronxville at the top of tourists’ wish lists, so the city makes quite a lot from tourism alone. However, Bronxville is an intensely affluent suburb, contributing to a higher-than-average wealthy population. The city has numerous top-rated schools, making it a strong contender for high-paying job positions. Despite its luxury, Bronxville offers affordable housing and excellent job packages, making it an attractive place to live.
Glencoe, IL
Median household income: $339,883
Glencoe is one of Illinois’ wealthiest areas, naturally attracting affluent families. However, its charm isn’t limited to its residents; the serene waterfront setting significantly boosts its appeal. Glencoe is close to Chicago, so despite being a peaceful area, it offers easy access to necessary amenities. The village also has numerous theaters and museums, contributing to its wealth.
Can you afford to live here?
Surviving in today’s fast-paced economy is undoubtedly becoming a huge challenge for everyone. However, with the right skill set and a smart approach, you can climb to the top and potentially live in one of the wealthiest cities in the United States mentioned above. Not only do these cities provide a great standard of living, but they also help you grow in your career.
The article was inspired by the richest cities in the United States.
