We added hundreds of new lists - see our top 101 city lists. With over 50% of adults bachelor graduates or higher, this area is one of the few in the country with over half of their adults highly educated. "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. Check the list below if you are looking for the richest cities in the US. Devoted to encouraging economic development, Chicagos Department of Planning and Development has a number of economic development initiatives. Last November, he also secretly fathered twins with an executive of his brain implant startup, Neuralink. Much of its wealth comes from the booming tech industry. Fortune 500 companies include Discovery Communications, Fannie Mae, Walmart and CACI International among others. Read More The 20 Best Places for Retired Military to LiveContinue. Thirty-seven of the 100 richest cities are located in six counties in the United States. ", Henley & Partners: The World's Top Investment Migration Programs in 2023, The USA Wealth Report: America's Millionaires Are on the Move. 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. In more recent times, the Atlanta Regional Commission says that the places population has seen a massive transformation, though it still has a lower percentage of black residents than the other counties that make up the Atlanta metropolitan area. 1. 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. If Arlington County leans more towards the Washington metropolitan area, then Howard County leans more towards the Baltimore metropolitan area. To the west, Stamford is a significant business centre with numerous Fortune 500 corporations, including telecommunications behemoth Charter Communications. Two months later, he listed his North Palm Beach spread for $145 million, less than a year after he paid $80 million for it. However, its also a city steeped in industry. Atherton is close to San Francisco, Scarsdale is close to New York City, and Cherry Hills Village is close to Denver. Through his VC firm, he has invested in everything from digital media company Overtime Sports to Wildtype, which makes seafood from fish cells. 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. The city of 169,177 ranked in fifth place last year. 20 Cities with the Worst Weather in the U.S. How Eiza Gonzalez Achieved a Net Worth of $5 Million, How Bebe Rexha Achieved a Net Worth of $10 Million, The 20 Worst Cities for Human Trafficking in the World. 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. Once upon a time, Somerset County was involved in agriculture for the most part. Swift reportedly owns about $40 million worth of property in the area. In the cities that made this list majority of people have made it there, financially. Last December, a Koch subsidiary reportedly sold a 340,000- acre Montana cattle ranch to media mogul Rupert Murdoch for roughly $200 million. Two other gainers, sibling candy heirs John Mars and Jaqueline Mars, returned to the top 20 after missing out in 2021, displacing both of last years newcomers (and this years only top 20 drop-outs): investor Len Blavatnik (now No. Overland Park, KS Median Income: $ 87,629 Unemployment Rate: 3.2 % Population: 193,412 View this post on Instagram 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. The "0.01 %," primarily accumulate their wealth from the equity in corporations. The high cost of living in the metro region more than offsets the areas high salaries. Your email address will not be published. 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. In contrast, the mean can give very misleading impressions where there are outliers in the population. Ellison, who contributed $1 billion to Elon Musks Twitter bid, has reportedly been subpoenaed by Twitter in the messy legal battle over the deal. New York City, USA: $1,330.000 Billion. Nearly four decades after a 19-year-old Dell founded Dell Technologies from his University of Texas dorm room, he remains chairman and CEO of the company, which now pulls in $100 billion in annual revenue. For instance, the city of New York is a metropolitan area made up of 5 boroughs with each borough contributing to the cities overall GDP. 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). These industries include manufacturing, energy, information tech, finances, telecommunications, education, and telecommunications. A bachelors degree is held by more than half of the individuals in this town. I write about the worlds richest people and their businesses. Just that is enough to make Santa Clara County one of the richest counties in the United States beyond the shadow of a doubt. After all, it is home to Silicon Valley itself, meaning that it is home to one of the most important economic hubs on the planet. 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. From nice homes, good salaries, and comfortable living Cary, North Carolina took home the No. She has contributed at least $1.5 billion in cash and Walmart stock to her Art Bridges foundation since 2016. 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. The metro area is located just south of Silicon Valley and the San Francisco Bay, which is home to numerous other metro regions on this list. Fairfax County is very populous, so much so that it is the most populous part of Virginia, the Washington metropolitan area, and even the Washington-Baltimore metropolitan area. 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? More recently, much of the county has undergone a transformation into the suburbs, which explains much about its excellent scores for health, income, and education. Few have been spared from the pain of soaring inflation and sputtering markets this year, including the billionaires perched at the top of Forbes 41st annual list of the 400 richest Americans. In a September LinkedIn post, he spoke out against tech CEOs pushing for a return to the office. Like San Francisco County, Santa Clara County has benefited much from Silicon Valley. 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. Unfortunately, Business Insider makes it clear that this has also caused living costs to skyrocket in the city. . The majority of households in the metro region make at least $94,027 a year, with 12% earning more than $200,000. Additionally, the top 100 richest cities in the United States have quality school systems and proximity to city centers or high-profile companies such as Google or Facebook. Ireland, on the rise thanks to favorable corporate tax policies, is projected to hit #1 by 2027.; The resource-rich land with the world's biggest economy, the United States, ranks 9th on the list. Most Napa households make at least $92,769 per year, with 12.4 per cent earning more than $200,000. Other industries driving their economy are tech, tourism, and the service industries such as hospitality. The current state of the Moscow economy isnt as bright as it was earlier in the year due to sanctions. Two months later, Bloomberg Philanthropies joined eight partners in pledging $1 billion to protect the ocean from climate change. 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. Singapore (5th), Hong Kong (SAR China) (12th), Frankfurt (13th), Toronto (14th), Seoul (16th), and finally Paris, plummeting 3 places to 20th, make up the rest of the 2022 ranking. 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. For over 50 years, Tokyo has occupied the top spot, and shows no sign of slowing down. Hes throwing good money after good: The Clippers, long among the worst franchises in the league, are now worth more than $3 billion. This county comprises a significant part of the Washington, D.C. metro area, and reports a . 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 . This table includes only zip codes where more than 10,000 returns were filed Filter by number of returns filed: All . He tends to be most remembered because he was killed while leading the unsuccessful American invasion of Quebec in 1775, though it is interesting to note that his remains were treated well because he was liked by both the Americans and the British. 1. The richest city in the world is Tokyo. According to Jennifer Reynolds, Pre4sident and CEO of Toronto Finance International, Torontos success is due in large part to the strength and significant growth of its financial industry. The states Atlantic coast is to the east, while the Gulf of Mexico coastline is to the west. As a SEZ, businesses in the area receive special treatment in the form of tax benefits, which helps increase the GDP bottom line immensely. In fact, Tokyo plays host to the top money-building organizations and minds anywhere on Earth. In fact, Seoul is known as the most wired city in the world due to the high concentration of high-tech industries. With that said, the source of its affluence isnt exactly mysterious. 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. This metro area has signs of the uneven income distribution, with 46.6% highly-educated adults and an unemployment rate of 4.6%. There isnt much need to introduce the City and County of San Francisco. Its a one-two-three that seems like a great way to make a ton of money very quickly. Your email address will not be published. But Atlanta is a city, Read More The 10 Richest Neighborhoods in AtlantaContinue, Surprisingly prison is not always as bad as expected. The Bureau of Economic Analysis has calculated that the regional price parity in 2019 of the 50 largest MSAs ranges from 88.3 in Birmingham, Alabama (which has the lowest cost of living of the 50 most populous MSAs) to 126.7 in San Jose, California (the highest cost of living of the 50 most populous MSAs). Others on the fastest-growing list include Lugano, a Swiss hotspot for affluent retirees, Bengaluru, the 'Silicon Valley of India', and Hangzhou, one of China's most scenic cities. It is not enough to select the correct career or the ideal employer if you want to make a lot of money. The secretive siblings, whose grandfather created the Milky Way bar in 1923, together own an estimated two-thirds of Mars Inc. Jacqueline helped fund a sculpture of 140 migrants and refugees that was recently unveiled in a plaza at the Catholic University of America in Washington, D.C. Warren Buffet, Mackenzie Scott, Elon Musk, Illustration by Wesley Bedrosian for Forbes. Top 5 fastest-growing U.S. cities for millionaires Austin, Texas West Palm Beach, Florida Scottsdale, Arizona Miami, Florida Greenwich and Darien, Connecticut The No. 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. Because many low- and middle-income residents have been priced out of the neighbourhood, the median household income is high, and unemployment is low. No one gained more than Tesla and SpaceX chief Elon Musk, who tops the 400 for the first time, despite being weighed down by his $44 billion Twitter takeover, which hes been fighting to void. Unfortunately, the current law, federal and state taxes do very little for wealth distribution to accommodate low-earners. Coastal cities and towns, on the other hand, have pleasant weather, easy access to parks and the coastline, and a diverse range of economic prospects. Alexandria also boasts the second-highest share of the workforce in the US in high-paying professional fields. It is also one of only eight US metro areas where the majority of households earn at least $80,000 a year. 3. Keep reading to learn more about the top 20 richest towns in America. Only five metro regions in the United States have a majority of households earning at least $94,430 a year. Unsurprisingly, that was a huge hassle, so much so that the citys leadership started pushing for the city to be made a county. The unemployment rate is also 2.7%, one of the country's lowest. Napa is one of three California metro areas to make the list of the top fifteen richest cities in the United States. Scarsdale, New York Average household income: $452,041 3.. Despite paying over threefold that of a typical American home, the locals live in paradise with high-paying jobs available. Agriculture employs 3.4 per cent of all workers in the area, more than double the national average of 1.7 per cent. Waltons consortium includes his daughter Carrie Walton Penner, who replaced him on the board of the familys charitable foundation, and his son-in-law Greg Penner, who succeeded him as Walmart chairmanas well as former secretary of state Condoleezza Rice and Ariel Investments co-CEO Mellody Hobson, who is married to George Lucas. In the past, manufacturing was seen as a booming sector in Shanghai, but lately its slowed and is being replaced by financial services, trade, information tech, real estate and commerce, among others. The lower-than-average bachelors degree completion rate is most likely due to the kind of occupations available in the area. Fortune Global 500 companies in Tokyo include: Honda Motors, Hitachi, Sony, Mitsubishi and more. San Francisco has one of the finest educated populations among metro regions in the country, and its incomes tend to climb with educational attainment. Fortune 500 companies include Discovery Communications, Fannie Mae, Walmart and CACI International among others. In July, Gates announced he was shifting $20 billion of his fortune to the Bill & Melinda Gates Foundation. Adding to the diversity are biotech companies and information technologies. Los Altos Hills has been the wealthiest in California since 2019 (prior, it was in fourth place). These days theyre making news for more personal reasons. The 10 Best Places to Live on the West Coast of Florida. Many wealthy citizens in Washington DC work high-paying legal and government jobs with over 20% employed in the professional, scientific, and management industries area-wide. And this top 5% of the list can still lay claim to 40% of the $4 trillion in total wealth of the 400 richest Americans as of September 2 (the date Forbes calculated net worths for the 2022 list). 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. Even though the city was riddled with the effects of the pandemic, Job growth occurred with another 5,700 jobs added. Host Terry Crews announced the winner a short time ago on the hit competition . Boston metro area earns almost $25,000 more than a typical US household's $57,617. With an average household income of more than $525,000, it became the first and so far only community to . Housing is expensive, and transportation costs across difficult terrain ups the prices for goods and services. Gates, who saw an outbreak like Covid-19 coming back in 2015, released a new book in May: How to Prevent the Next Pandemic. According to Home Snacks, the wealthiest cities in America for 2022 were determined by taking into consideration the number of residents living in poverty, income rank, and percentage of the population unemployed. If divided evenly, each household would have over $343,000, which is not the case. Almost 36% of individuals have earned a bachelors degree. 1 spot is claimed by Loudoun County, Virginia. 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 Fortune 500 companies hosted by Boston include: State Street, Liberty Mutual Insurance, Gillette and General Electric. Oxnard-Thousand Oaks-Ventura has a 3.6% jobless rate, 11.4% earning $200,000 or more, and 33.6% of adults with a bachelors degree or higher. Over half of the adults have a bachelors degree, thanks to nearby prestigious educational institutions such as Stanford and the University of California, Berkeley. US households also commonly face large debt or liabilities like mortgages and student and car loans. In May, he was accused of sexually harassing a SpaceX flight attendant. The Ten Richest Americans Forbes calculated net worths for the 2022 list of the World's Billionaires using stock prices and currency exchange rates from March 11, 2022. San Francisco has a rich economic history,,one that includes the wealth generated by the California Gold Rush. Unlike so many other cities bending under the weight of a post-pandemic world, Houstons economy hs gotten stronger. 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). Naturally, that means that it shares many of the same factors responsible for their affluence. Seattle and satellite cities comprise one of the many wealthy metro areas along the west coast. Although a runner-up to another California area, it boasts a whopping 10% higher rate of graduates with 42% of adults holding at least a bachelor's. Accessibility to a city center is typically a key characteristic of the cities on the list. The Private Industry Council works to promote the local economy via job training programs. The average household in this state earns $85,000 more than in any other state. Liz loves the process of researching information, learning new things, and putting into words what others who share her interests might like to read. Setup File Name: Adobe_Premiere_Pro_v23.2..69.rar. With low work opportunities, the government appreciates those sticking around in the overcast, most populous city in the state. Honolulu is the richest city in Hawaii and the ninth wealthiest in the United States. Bezos stepped down as Amazon CEO in July 2021. The town of six square miles is near Palo Alto, Stanford University and. Required fields are marked *. Here are the top 10 wealthiest cities in America for 2022. With an unemployment rate of around 2.7 per cent, the metro region has a solid job market. Another unique location to the rest of the nation places seventh. The average household in a metro region makes $86,652 a year, almost $17,000 more than the average American home. South Koreas Wall Street is the Korea Exchange in Yeoui Island. From nice homes, good salaries, and comfortable living Cary, North Carolina took home the No. 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. Affluence isnt exactly mysterious November, he spoke out against tech CEOs pushing for a return to the of! 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