With that said, the source of its affluence isnt exactly mysterious. Tokyo is in 2nd place with 304,900 resident high-net-worth individuals worth over USD 1 million, and London, the wealthiest city in the world for many years, drops to 4th place below the San Francisco Bay Area with just 272,400 millionaires, according to the latest Henley Global Citizens Report, which tracks private wealth migration trends worldwide. 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. Some of the stores were also victims to the series of mass looting incidents that plauged major cities in 2021 and 2022. . Rank City Income; 1. 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. San Mateo, like many other metro cities on our list, has a well-educated workforce and a favourable employment environment. 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. As such, it was named for the English county of the same name. 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,. The fifth wealthiest place on this list is the second wealthiest in New England, with 13.1% of households earning $200,000 and a 3.4% jobless rate. Setup Type: Offline Installer / Full Standalone Setup. Even now, the southern part of the county is still focused on agriculture because it is still rural for the most part. Even still, 19.2% of households in the area earn $200,000 or more for the fourth-highest share 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. Income distibution for all U.S. cities. 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. 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. The states Atlantic coast is to the east, while the Gulf of Mexico coastline is to the west. Charles Koch and the family of Julia Koch, the widow of his younger brother David (d. 2019), each owns 42% of Koch Industries. However, today it has moved on to other, more profitable economic interests such as finances, high tech and insurance, to name a few. With a population of just over 30,500 people, the majority of whom are commuters, Los Altos is the fourth most educated city in the United States. 87.8 percent of individuals in the city have a bachelors degree or above. Hawaii residents have higher earnings thanks to tourism, and Alaska has special considerations as well as job prospects in research and science. Los Altos is pleased to have the 24th lowest poverty rate of 1,775 communities, with a mere 2.8 percent. Some are over 55 years old and happy to play out their retirement in comfort; others are looking forward to starting a second career. In April, he announced that two schools in his home city would receive $100 million apiece. A big economic draw for San Francisco is its close proximity to Silicon Valley. New! She denied the allegations, as did the Tesla cofounder, who shared selfies of him and his friend Brin, who kept quiet. All maps, graphics, flags, photos and original descriptions 2023 worldatlas.com. Home to both invention and innovation, animes, mangas and of course, robots, Tokyo is known as the financial center of the world. On the whole, Howard County can boast of much the same things as many of the other names on this list, which is to say, affluence combined with a high quality of life. Unemployment is low, education is high, and incomes that are out of this world. 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. Chances are good that interested individuals can guess that Williamson County can be found in the Nashville metropolitan area. Fortune Global 500 companies include SK Holdings, POSCO, LG Electronics and more. General Electric, Massachusetts General Hospital, and federal contractor MITRE Corporation are among the major employers in and surrounding Boston. A citys median household income is influenced by a number of things. Through his VC firm, he has invested in everything from digital media company Overtime Sports to Wildtype, which makes seafood from fish cells. According to a study by Teleport, Osaka scores well when it comes to affordable housing, community safety, business, and healthcare. Liz loves the process of researching information, learning new things, and putting into words what others who share her interests might like to read. 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. Supposedly, one of the reasons for Williamson Countys high income is the number of musicians and other well-known individuals who have homes in the region. With a low unemployment rate of 2.7%, it is no surprise that the San Jose metro area is first on this list. Major financial powerhouses in London include Canary Wharf, HSBC and Barclays. Walton immediately became the richest NFL owner when he outbid groups led by fellow billionaires Josh Harris, Mat Ishbia and Jose E. Feliciano to buy the Denver Broncos in June for $4.7 billionthe most ever spent on a sports franchise. Wealth is net worth, which accounts for assets minus debt. 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. 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. However, that type of thinking, Read More Why You Should Consider Investing in Sandy Oregon Real EstateContinue. For the second year since Bloomberg started to compile the Richest 100, the nation's top spot is Atherton, California. Its been rapidly replaced by information tech and financial services. It's basically a part of Manhattan with is located near by the central park. In other words, the city produces poor copies of everything from designer fashions to scooters. Zhongguancun is considered the Silicon Valley of China and is deeply rooted in the electronics and high-tech industries such as Microsoft, Sony and Google. This list includes numerous metro regions in Californias San Francisco Bay region, including Vallejo. Thanks to that, Stafford County is also one of the richest and best-educated counties in the country. Boston University, Harvard University, and Northeastern University awarded over 100,000 degrees in 2015 and helped "sponsor" the recent 46.9% holding a bachelor's or higher. 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. 10. LONDON, Sept. 13, 2022 /PRNewswire/ -- The USA dominates the world's Top 20 Cities with the Most Millionaires in 2022, with New York taking the crown with 345,600 millionaires, and five other. In 2018, American households collectively held over $98 trillion in wealth. This included plans of action to assist with rent, taxes, business subsidies and more. To name an example, it is home to numerous ecosystems that range from riversides to coast redwood forests. 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. Unfortunately, San Francisco is also a reminder that numbers mean very little without their proper context. 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. On TV it looks so easy to buy a house, fix it and sell for a profit. These days theyre making news for more personal reasons. Fortune 500 companies include Comcast, Colonial Penn, Sunoco, Aramark, CIGNA, Lincoln Financial Group, and more. Unsurprisingly, that was a huge hassle, so much so that the citys leadership started pushing for the city to be made a county. Presumably, this is because the median is a better indication of what someone who is in the middle for a particular population would be like. By examining a cities GDP, we can get a good idea of its industries and how they contribute to the overall economic growth. 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. Of the 15 counties with the highest incomes, five are located in Virginia. From nice homes, good salaries, and comfortable living Cary, North Carolina took home the No. The report said 623 have assets worth at least $100 million and 62 billionaires live in the city. Still, Marin County does stand out in its particular way. Housing prices bite with a typical Oxnard-Thousand Oaks-Ventura area home valued at $561,400, for over double the value of the median $205,000 home across the nation. Well-known corporations that reside in SEZ are Tencent, Huawei and DJI. 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. 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]. In contrast, Nassau County shares the last third with Kings and Queens. Boston metro area earns almost $25,000 more than a typical US household's $57,617. Montgomery Street is considered the Wests Wall Street and is located in San Francisco. It is also one of only eight US metro areas where the majority of households earn at least $80,000 a year. "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. Despite the exceptionally high median income, many inhabitants, notably in Bridgeport, the historic manufacturing centre, live in poverty. 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. Under those circumstances, it is no wonder that people of means have flocked to the county. Everything from financial services, fashion, digital media, the food/beverage industry and tech found a home in Toronto. World-renowned big, innovative companies and the regions largest employers include Apple, Adobe Systems, Apple, Intel, Lockheed Martin, and NASA. Other industries which influence the economy of Boston include the biotech industry, tourism, finance services and several Fortune 500 companies. What are the wealthiest cities in the U.S.? ", 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. 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. Musk denied the allegation. Learn how your comment data is processed. Paris is also home to several Fortune Global 500 companies such as, BNP Paribas, Peugeot, CNP Assurances, SNCF, Vivendi and more. Fortune 500 companies include Discovery Communications, Fannie Mae, Walmart and CACI International among others. Massachusetts and cities around the state capital earn a median household income of $82,380, for an $8,000 drop from the metro area above. 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