The years biggest money loser was Mark Zuckerberg, who dropped out of the top 10 for the first time since 2014 as shares of Meta Platforms (formerly Facebook) cratered by 57%, helping lop nearly $74 billion off his fortune. 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. Adding to the diversity are biotech companies and information technologies. Napa is a tiny city with a population of fewer than 150,000 people, located just north of the San Francisco Bay, which is home to numerous other metro areas on this list. A good part of their revenue comes from their port, which is the largest container port in the world. In September, Brin announced a $50 million gift over the next five years to help find treatments for bipolar disorder. Unfortunately, the most recent data comes from 2019 because 2020 data wasnt collected while 2021 data hasnt been released. 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. 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? However, it has some pockets that are either urban or even rural. Americans invest the majority of their non-financial assets in real estate. Atherton, California Average household income: $525,324 2. Billionaires' Row, New York City, NY Billionaire's Row is the richest neighborhood in America and perhaps in the entire world too. 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. 2,047) In terms of asset management, FinTech, and ESG investment, Tokyos continued growth as the worlds most foremost economies appears secured. 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. Earlier this year, he reportedly made a $2 billion offer for the Portland Trail Blazers that was rebuffed by the estate of Microsoft cofounder Paul Allen (d. 2018). Industries critical for L.A.s economic success include entertainment, international trade, gaming, tourism, fashion and more. San Mateo County is one of the counties that make up the San Francisco Bay Area. Boston metro area earns almost $25,000 more than a typical US household's $57,617. She finds almost all topics she writes about interesting, but her favorite subjects are travel and food. A little known fact is that L.A. is the manufacturing center of the country. Educational attainment is associated with better earnings, and roughly half of all individuals in the Boston metro region hold a bachelors degree or above. California-Lexington Park area has a higher, 4.5% jobless rate, along with a low 6.6% of households making $200,000 or more. Whether its gigantic enterprises like Amazon, Microsoft, Starbucks, Costco, T-Mobile, and Nordstrom, or wealthy leaders like Jeff Bezos and Bill Gates, who built their houses in the town of Medina next door, Seattle is home to some of the largest names in the country. Most metro area households make at least $87,470 per year, with more than one in ten earning more than $200,000. If Arlington County leans more towards the Washington metropolitan area, then Howard County leans more towards the Baltimore metropolitan area. Cisco, eBay, Adobe, PayPal, Samsung, Acer, Hewlett Packard, and Zoom are just a few examples. Unemployment is low, education is high, and incomes that are out of this world. In other words, the city produces poor copies of everything from designer fashions to scooters. 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. 10. They also have a strong labour market and a concentration of industries that offer better earnings. Despite suffering a tough downturn due to the pandemic, Shanghai remains one of the worlds richest cities. This county comprises a significant part of the Washington, D.C. metro area, and reports a . Here are the top 10 wealthiest cities in America for 2022. Marin County is right over the Golden Gate Bridge from the City and County of San Francisco. Some are over 55 years old and happy to play out their retirement in comfort; others are looking forward to starting a second career. Shipping isnt the only industry which brings revenue into SEZ, its also the sizable industrial parks, high-tech industries and of course, trade. Over a quarter of its workforce is in IT, or professional, scientific, and management industries, compared to the nationwide 13.5%. Over time, it swallowed more and more of its neighbors, thus causing it to spread into not one, not two, but four different counties. The types of jobs available often determine income levels. Its been rapidly replaced by information tech and financial services. Known for high-income levels and a low unemployment rate, Luxembourg is the richest country in the world. Hunterdon County sits in the Delaware Valley. The county is home to numerous sites of note. L.A. is also abuzz with development projects, such as refurbishing businesses like Manns Chinese Theater, as well as infrastructure projects. The average home in the Honolulu region is valued at $680,200, which is more than quadruple the average American houses value of $217,600. To the west, Stamford is a significant business centre with numerous Fortune 500 corporations, including telecommunications behemoth Charter Communications. Having overtaken Amazons Jeff Bezos as the worlds richest person just weeks after last years Forbes 400 was finalized, Musk is now $100 billion richer than his space rival, whose fortune fell by $50 billion, the second-biggest drop among this years 400. Its low 26.1% rate of graduates is below both the 31.3% national college attainment rate and 39.3% statewide and is unusual for a wealthy metro area in the US. Industries that have found success in the city include food processing, manufacturing, publishing, insurance and tourism. 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. Hillsborough rightfully earns a place as one of the richest cities in America. A healthy job market is important for the metro area to thrive economically. With low work opportunities, the government appreciates those sticking around in the overcast, most populous city in the state. 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. While COVID-19 had a severe influence on Santa Cruzs economy in 2020, the tourist sector often provides a significant boost to the citys economy. In contrast, Nassau County shares the last third with Kings and Queens. In the cold, northern, massive state of Alaska, known for its high wages, Anchorage residents earn the most at $82,203 per household a year. A strong labour market boosts earnings. 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. Toronto is the second largest financial center in North America, Like New York City, Torontos financial hub is populated by diverse industries. Meanwhile, Montgomery County is one of the counties that make up the Washington-Baltimore metropolitan area. Likewise, the strong US job markets and low unemployment equate to higher prosperity within metropolitan areas. She has contributed at least $1.5 billion in cash and Walmart stock to her Art Bridges foundation since 2016. Software Full Name: Adobe Premiere Pro 2023. As such, you can see how anything affecting these shipping ports will have a negative impact on world wide supply chain logistics. All maps, graphics, flags, photos and original descriptions 2023 worldatlas.com. Two months later, Bloomberg Philanthropies joined eight partners in pledging $1 billion to protect the ocean from climate change. Once a leader in the manufacturing industry, that industry has been bowing to more modern industries like high tech, financial services and electronics. 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 richest city in California is Los Altos Hills. Setup File Name: Adobe_Premiere_Pro_v23.2..69.rar. 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. Gates, who saw an outbreak like Covid-19 coming back in 2015, released a new book in May: How to Prevent the Next Pandemic. Because many low- and middle-income residents have been priced out of the neighbourhood, the median household income is high, and unemployment is low. With a low unemployment rate of 2.7%, it is no surprise that the San Jose metro area is first on this list. The median household income in the United States in 2018 was $61,937. The top ten richest cities in the United States are: Atherton, CA ($450,696) Scarsdale, NY ($417,335) Cherry Hills Village, CO ($394,259) Los Altos Hills, CA ($386,174) The unemployment rate is also 2.7%, one of the country's lowest. Elon Musk Net. A major oil refiner, the Wichita conglomerate has invested more than $2 billion since early 2021 into energy transformation technologies such as electric batteries, energy storage and solar power infrastructure. Ever wonder, what's the wealthiest city in America? Walmart shares have lost 11% of their value over the last year as higher costs have dented the companys profits. Houstons economy is diverse, from the worlds largest petrochemical manufacturing center to health care and medical research, real estate, finance, and information tech industries. 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. 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. But even with these . Should You Invest in Virtual Real Estate? The most notable feature of University Park is that it is the location of Southern Methodist University, a prestigious private institution located in the Dallas neighborhood of University Park. The average household in a metro region makes $86,652 a year, almost $17,000 more than the average American home. In April, he announced that two schools in his home city would receive $100 million apiece. Under those circumstances, it is no wonder that people of means have flocked to the county. The richest cities in the world are determined by their gross domestic product, or GDP. Everything from financial services, fashion, digital media, the food/beverage industry and tech found a home in Toronto. The high property values in the area reflect the areas high wages. Primarily, Fairfax County consists of suburbs. 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. For the second year since Bloomberg started to compile the Richest 100, the nation's top spot is Atherton, California. For instance, some people are more curious about the wealth of areas rather than the wealth of individuals, so a common question would be what are the richest counties in the U.S. As it turns out, these counties are concentrated around Washington, D.C., New York City, and the San Francisco Bay Area, though some of these counties are located elsewhere. She finds almost all topics she writes about interesting, but her favorite subjects are travel and food. 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%. Walton briefly worked for Walmart as a buyer of childrens clothes in the 1970s but has since focused on philanthropy and collecting artmuch of it housed at her Crystal Bridges Museum of American Art in the familys hometown of Bentonville, Arkansas. Cities and towns with ties to Wall Street and the Silicon Valley, . 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. New! Subsequently, Forsyth County developed a reputation for being home to sundown towns, which refer to communities where non-whites were very much not welcome. Compatibility Mechanical: 64 Bit (x64) 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. For proof, look no further than the fact that it isnt home to a single city of significant size but is home to numerous commuter towns. Still, Marin County does stand out in its particular way. San Mateo is the richest city in Colorado and the tenth wealthiest in the United States. The greater DC area is more affluent than any other along the east coast, with 16.2% of households earning $200,000 or more. Its no surprise to anyone that a good chunk of the Paris economy is the tourist trade. After adjusting for inflation, the average households purchasing power is around $63,900, which is just slightly higher than the national median yearly household income of $60,336.This town is home to the University of California, Santa Cruz, and roughly 44% of adults hold a bachelors degree. The states with the highest number of the richest cities are California with 23, New Jersey with 18, and New York with 13. ", 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. Yeah they are. Highland Park, Illinois, number 100 on the list, has an average household income of $209,000, more than three times higher. The lower-than-average bachelors degree completion rate is most likely due to the kind of occupations available in the area. You should find this article on richest neighborhoods in America very interesting. The average household in the region earns approximately $92,236 a year, which is $22,500 higher than the national average. . Outside of California, Seattle is the wealthiest metro region on the West Coast. Hawaii residents have higher earnings thanks to tourism, and Alaska has special considerations as well as job prospects in research and science. Another unique location to the rest of the nation places seventh. 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. Chances are good that interested individuals can guess that Williamson County can be found in the Nashville metropolitan area. Washington, District of Columbia: $578.985 Billion, 4. Instead, Hunterdon County is yet another part of the New York metropolitan area. According to Investopedia, Gross domestic product (GDP) is the total monetary or market value of all the finished goods and services produced within a countrys borders in a specific time period. In this case, we are looking at the GDP of metropolitan statistical areas, and not countries. Using data from the US Census, Bloomberg evaluated inflation-adjusted household data with a minimum of 2,000 households. Liz loves the process of researching information, learning new things, and putting into words what others who share her interests might like to read. Beijing also has the dubious distinction of being the knock-off capital of the world. In fact, London is one of the chief financial centers of the world. It is also one of only eight US metro areas where the majority of households earn at least $80,000 a year. Through his VC firm, he has invested in everything from digital media company Overtime Sports to Wildtype, which makes seafood from fish cells. For the fourth straight year, Atherton topped Bloomberg's Richest Places annual index. 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. Urban Honolulu's median household earns $80,513 a year, and 10.1% of households earn $200,000 or more. However, today it has moved on to other, more profitable economic interests such as finances, high tech and insurance, to name a few. How Long Does it Actually Take to Fix and Flip a House? Another excellent example would be the Pentagon, which is a great reminder of the importance of the U.S. federal government to the local workforce. 10 Prisons That Rival The Accommodations of Most Hotels, Why You Should Consider Investing in Sandy Oregon Real Estate. To even make the top 100, towns need an average household income of more than $220,000. Overland Park, KS Median Income: $ 87,629 Unemployment Rate: 3.2 % Population: 193,412 View this post on Instagram 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. Large college-educated populations are common in the richest metropolitan regions. 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. The neighborhood of Los Altos, whose name translates to The Heights in Spanish, can be found on the western edge of Silicon Valley in the San Francisco Bay area. Tourism is another major contributor to the economy of Philadelphia. Its also host to the headquarters of around 75 percent of the worlds Fortune 500 companies. 24), cofounder of alternative investments giant Blackstone. Housing is expensive, and transportation costs across difficult terrain ups the prices for goods and services. Having said that, some of its more recent developments have caused it to realign towards Washington, D.C. somewhat because everything is constantly changing. Another industry that rains gobs of revenue on the City of London is the tourism industry with over 20 million visitors per year. Southlake, Texasknown for its exemplary public schools (one of which has won eight football state championships)is the richest city in the United States for 2022, according to 24/7 Wall St., which used five-year estimates of median household income from the U.S. Census Bureau's 2019 American Community Survey (ACS). "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. 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. Apart from the national monuments and presidential residences, the region is home to Georgetown University and other prestigious educational institutions. Other industries driving their economy are tech, tourism, and the service industries such as hospitality. The richest city in the world is Tokyo. Because the cost of goods and services in Santa Rosa is around 21% more than the national average, the typical family income is only approximately $66,500, which is just slightly more than the national median annual family income of $60,336. Each year, thousands of servicemen and women retire from the military. 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