The Wealthiest Towns in the U.S.
It should come as no surprise that the wealthiest towns in the U.S. are largely situated near some of the country's most culturally rich and happening cities, such as New York, San Francisco and Chicago. Just north of New York City, Connecticut is actually the state with the greatest per-capita wealth in the nation — not to mention some of the most affluent towns.
Celebrities, businesspeople and politicians alike are among the residents of many of these rich suburbs, which means they get both the perks of small-town life and the vibrancy of the country's best cities. Check out the wealthiest towns in the U.S., all ranked by a Bloomberg analysis.
Situated in San Mateo County between San Jose and San Francisco, Atherton, California, is home to plenty of Silicon Valley's tech wealth. Despite the fact that the median cost of a home in Atherton is $6 million and the average household income is around $450,000, the majority of the town is row houses. It also has a small town hall and a library.
Scarsdale, New York
Just north of New York City lies the famously rich town of Scarsdale. It’s one of the wealthiest towns on the East Coast. From 2017 to 2019, the median household income of Scarsdale rose to over $417,000. The median home price is $1.8 million.
Cherry Hills Village, Colorado
Not too far south of Denver is Cherry Hills Village, which is known for its gigantic 10,000-square-foot mansions in the foothills of the Rocky Mountains. These homes have majestic views that add even more to their luxurious ambience. NFL stars Peyton Manning and John Elway both have homes in Cherry Hills Village.
Los Altos Hills, California
Just a bit north of San Jose in Santa Clara County is Los Altos Hills, California. This town is particularly notable for having strict regulations about how businesses can operate. The idea is to make sure residents, many of whom are Silicon Valley tech folks, get space from their busy working lives.
It won't take you long to reach Hillsborough on the train from San Francisco. It’s located just south of The City by the Bay and not far from Silicon Valley. Hillsborough's wealthy and notable residents include Alicia Silverstone and Jimmy Kimmel. Tech billionaire Larry Ellison also has a home here.
Short Hills, New Jersey
West of New York City is the very wealthy town of Short Hills, New Jersey. Technically, it’s close enough to be considered one of New York City's suburbs. If you're into literature, perhaps you'll recognize that Philip Roth's novel Goodbye Columbus is set here. Actor Anne Hathaway and fashion designer Rachel Zoe both have homes in Short Hills.
Highland Park, Texas
Lots of old Spanish architecture decorates Highland Park, Texas, a northern suburb of Dallas. Some of Highland Park's more notable buildings in this style include the country's first shopping center, Highland Park Village, and the St. Seraphim Orthodox Cathedral.
A mere 37 miles from New York City sits Darien, Connecticut, a beautiful town with several private clubs, gorgeous beaches and a blooming golfing and yachting culture. Many of New York's wealthy residents come here for leisure and entertainment.
Bronxville, New York
Bronxville is a short 15 miles outside of Manhattan, making it an ideal location for New York's rich and famous. It has the best of both worlds, being close to the most culturally rich city in the U.S. while still maintaining the quietness of suburban life.
The gorgeous town of Glencoe, Illinois, is actually a suburb of Chicago. It sits on Chicago's North Shore along Lake Michigan. Both Sixteen Candles and Ferris Bueller's Day Off were filmed around here. Expect a five-bedroom home with views of the lake to cost about $5 million — even a basic home costs over $1 million here.
The Village of Indian Hill, Ohio
Indian Hill, Ohio, was founded as an agricultural community, but a lot has changed there in the past 100 years. Now it’s one of the wealthiest towns in America, located a few miles outside of Cincinnati. One of the reasons Indian Hill transformed from its humble beginnings was because wealthy businessmen moved in to help get the area developed.
Old Greenwich, Connecticut
Located along the Long Island Sound and home to Tod's Point, one of its longest beaches, is Old Greenwich, Connecticut. It may have started as a railway station serving mainly to connect nearby cities in 1961, but now it’s a place wealthy folks comfortably call home.
Just a hop, skip and a jump north of Chicago is the wealthy town of Winnetka, Illinois. Aside from notable wealthy residents Rock Hudson, Chris O'Donnell and Virginia Madsen, Winnetka was the setting for the Christmas classic Home Alone. The unmistakable house from the movie makes for a great landmark.
West University Place, Texas
Close to Rice University in Houston, Texas, is West University Place, an upper class town where larger homes can cost more than $4 million. The average income here is $330,000 for a household. Houses here have a lot of charm, which draws residents looking for somewhere to settle that doesn’t feel too busy.
Larchmont, New York
Larchmont, New York, has a history spanning a few hundred years. One of its oldest homes was built in 1797 by Peter Jay Munro. Today, that home is called "The Manor House"; it received this name in 1887 when it became a hotel after a four-track railroad was built and prominent New York City residents came looking to buy property in the area.
Great Falls, Virginia
Only 20 miles outside of Washington, D.C., Great Falls, Virginia, is an incredibly wealthy suburb. Many well-known people reside in Great Falls, including Senator Rick Santorum, AOL's former CEO Steve Case and Washington Redskins owner Dan Snyder.
University Park, Texas
A northern suburb of Dallas that sits just 13 miles from downtown, University Park is a spot that many oil tycoons and other wealthy business professionals call home. Expect to see massive mansions, high-end boutiques and cute restaurants all over this town, which isn’t far from Southern Methodist University.
Westport is located on Long Island Sound about 52 miles away from New York City. It feels like a small town despite its proximity to one of the busiest places in the country. Westport was part of the setting for the film Bewitched and is also actor Paul Newman's hometown.
Rumson, New Jersey
Rumson, New Jersey, is a tiny town of only about 7,000 residents. Among them are Bruce Springsteen, Queen Latifah, Jon Bon Jovi and Charlie Puth, all of whom have good reason to have made Rumson their home at one point or another: all of its beautiful beaches and Atlantic coastline.
Paradise Valley, Arizona
Paradise Valley may actually be the definition of paradise. Just outside of Phoenix, Paradise Valley boasts some of the most gorgeous and picturesque landscapes in the U.S. It's no wonder Emma Stone, David Spade, Dick Van Dyke and Michael Phelps have homes here.
Located in Marin County, Kentfield is one of the wealthiest towns in America for many reasons, including its proximity to San Francisco, which is only 18 miles away.
If you're wealthy, love the Midwest and aren't too keen on brutal Chicago winters, Ladue might just be your ideal spot. Some of its gargantuan mansions can set you back around $13 million, though the average price of a home is a bit less at just under $900,000.
Riverside is only 36 miles from New York City, situated on Long Island Sound between Cos Cob Harbor and Greenwich Cove. Some of its massive, beautiful mansions can cost as much as $16 million. However, an average home in Riverside costs around $1.7 million.
Travilah is an elite suburb of Washington, D.C., situated in an area northeast of the city known as Potomac. This is an ideal cozy spot to settle in — particularly for the wealthy entrepreneurs, politicians, lawyers and doctors of the nation's capital.
Home of the CIA headquarters, McLean is just across the Potomac River from Washington, D.C., and is one of the richest towns in the U.S. Plenty of notable people have made their homes in McLean over the years, including Dick Cheney, Colin Powell and Ethel Kennedy.
Los Altos, California
Situated in the northern end of Silicon Valley, Los Altos is no stranger to wealth. The average property in Los Altos is around $2.8 million. The town's median income is $280,000, and it’s home to a slew of celebrities, tech millionaires and sports stars.
Greenville, New York
Upstate New York's town of Greenville is 133 miles from New York City. Albany, the state's capital, is much closer — only 36 miles away. Still, Greenville is one of America's wealthiest towns, with a median household income of $280,000 and an average home clocking in at $910,000.
Just east of Santa Barbara is the wealthy town of Montecito, California. Its median household income is $276,000, while the average price of a Montecito home is a whopping $3.3 million. The reason for this likely has a lot to do with Montecito's residents and location.
Rye, New York
Rye, New York, is on the border with Connecticut and only 26 miles from Manhattan. The median household income is $276,000. While it may not be as wealthy as some of the other northern suburbs of New York City, it’s still one of the richest towns in the U.S.
While not surprising for the Bay Area, the average price of a home in Piedmont, California, is over $700,000. And some homes can cost upwards of $4 million. With impressive hills that overlook much of the surrounding terrain, it's no wonder some of the country's wealthiest people have decided to make Piedmont their home.