
These are the wealthiest suburbs of America's biggest cities
Fewer Americans might recognize the name of Hinsdale, Chicago's wealthiest suburb. And some non-Texans might struggle to differentiate between University Park and West University Place, the most affluent suburbs, respectively, of metropolitan Dallas and Houston.
A new report from the personal finance site GOBankingRates identifies the wealthiest suburbs of America's 50 largest metropolitan areas in 2025. It's a spinoff from an earlier analysis, which listed the wealthiest suburbs in America.
Some of the names are familiar. The nation's wealthiest suburb is Scarsdale, a storied suburb in New York's leafy Westchester County. New York state, California and Texas are home to eight of the 10 wealthiest suburbs in America, Census data show.
Other affluent suburbs attract little attention outside their own regions. A 'Jeopardy!' contestant might be hard-pressed, for example, to identify Alamo as the wealthiest suburb of San Francisco.
"I wasn't really familiar with Milton, Georgia, until the survey," said Rudri Patel, a senior financial expert at GOBankingRates, referring to the wealthiest Atlanta suburb.
"I think affluence is moving beyond stereotyped geographic regions," such as Beverly Hills, she said. "It doesn't need to be 90210."
To compile the report, researchers found the suburb with the highest mean household income for each of the 50 largest metropolitan areas. Communities of fewer than 5,000 households were omitted.
Here are the wealthiest suburbs of the largest cities
Here, then, are the wealthiest suburbs of the 20 largest U.S. metropolitan areas.
New York: Scarsdale. This famous New York suburb boasts an average household income of $601,193, as of 2023. The average Scarsdale home is worth $1.6 million, as of June 2025. It's the wealthiest suburb in America.
Los Angeles: Palos Verdes Estates. Forget Beverly Hills: Palos Verdes Estates, part of the tony Palos Verdes Peninsula, is the wealthiest L.A. suburb and the 11th wealthiest in the nation. Household incomes average $367,178. Home values average $2.8 million.
Chicago: Hinsdale. Most people associate Chicago's North Shore with suburban wealth, but the city's wealthiest suburb (and the nation's eighth wealthiest) sits to the west. Hinsdale has an average household income of $376,366. Home values average $1.3 million.
Dallas-Fort Worth: University Park. The nation's sixth-wealthiest suburb is named for Southern Methodist University. The average household income is $389,868, and home values average $2.4 million.
Houston: West University Place. This unsung suburb of Houston, named for nearby Rice University, is the nation's third wealthiest. Average household income is $409,677. The average home value is $1.1 million.
Washington, D.C.: McLean. The most affluent D.C. suburb ranks 12th nationally. The average household income is $364,591, and home prices average $1.7 million.
Philadelphia: Ardmore. This Main Line Philly suburb does not rank among the nation's 50 wealthiest, but Ardmore residents are doing just fine. Average household income is $161,029, and home prices average $527,016.
Atlanta: Milton. This suburb wasn't incorporated until 2006, although its namesake, John Milton, fought in the Revolutionary War. Milton does not rank among the nation's 50 wealthiest suburbs. Household income averages $225,532, and the average home is worth $976,830.
Miami: Pinecrest. You don't hear much about the nation's 21st wealthiest suburb, which sits south of Miami. Household incomes average $312,591, and home values average $2.4 million.
Phoenix: Scottsdale. Though technically a suburb, Scottsdale is larger than many central cities, with a population of 241,361 in 2020. Scottsdale does not rank among the nation's 50 wealthiest suburbs. Household income averages $168,679, and home values average $946,327.
Boston: Wellesley. The nation's 10th wealthiest suburb is home to Wellesley and Babson colleges. Household incomes average $368,179, and home values average $2.1 million.
San Francisco: Alamo. Technically a suburb of Oakland, Alamo sits in Contra Costa County, east of San Francisco. Household incomes average $403,334. Home values average $2.5 million. Alamo is the nation's fifth wealthiest suburb.
Riverside-San Bernardino, California: Eastvale. Who knew the Inland Empire ranked as the 13th largest metro area in America? As for Eastvale, it's an enclave of former dairy farms, incorporated in 2010. Household income averages $177,404, and home prices average $965,438.
Detroit: Birmingham. Grosse Pointe may be more famous, but Birmingham is Detroit's wealthiest suburb, with an average household income of $240,711 and an average home value of $822,581. Birmingham does not rank among the nation's 50 wealthiest suburbs.
Seattle: Mercer Island. The wealthiest Seattle suburb is an actual island, east of the city. It ranks 29th nationally. Household incomes average $303,425, and home values average $2.5 million.
Minneapolis-Saint Paul: Edina. One of the first Minneapolis suburbs, Edina was once reachable by streetcar. Household incomes average $205,682, and home values average $785,567. Like most of the remaining suburbs on this list, Edina does not rank among the 50 wealthiest U.S. suburbs.
San Diego: Solana Beach. With average home values of $2.6 million, Solana Beach is one of the most expensive suburbs in America. The average household income is a more modest $216,465.
Tampa-St. Petersburg: Keystone. This little-known suburb ranks as the wealthiest in Tampa-St. Pete, with an average household income of $199,755. The average home value is only $277,636.
Denver: Greenwood Village. Denver's wealthiest suburb was settled, fittingly, by gold prospectors. Household incomes average $258,780, and home prices average a whopping $1.6 million.
Baltimore: Annapolis Neck. This waterfront community is technically a suburb of Annapolis, the Maryland capital. The average household income is $240,059, and home values average $665,302.
Beyond the top 20: Other wealthiest suburbs
Didn't see your city in the top 20? Here are the wealthiest suburbs of some other large metros.
St. Louis: Clayton. Average household income: $216,884. Average home value: $1.1 million.
Portland, Oregon: Cedar Mill. Average household income: $223,012. Average home value: $796,226.
Pittsburgh: Franklin Park. Average household income: $218,236. Average home value: $502,695.
Cincinnati: Mason. Average household income: $161,798. Average home value: $565,612.
Cleveland: Solon. Average household income: $186,260. Average home value: $461,665.
Indianapolis: Zionsville. Average household income: $220,563. Average home value: $666,102.
Nashville, Tennessee: Brentwood. Average household income: $261,248. Average home value: $1.4 million.
Milwaukee: Mequon. Average household income: $209,904. Average home value: $669,603.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Business Upturn
4 hours ago
- Business Upturn
Flow Capital Announces Q2 2025 Financial Results
By GlobeNewswire Published on August 14, 2025, 03:35 IST Loan Interest Revenue up 54% and Recurring Free Cash Flow up 212% year over year TORONTO, ON, Aug. 13, 2025 (GLOBE NEWSWIRE) — Flow Capital Corp. (TSXV:FW), a leading provider of flexible growth capital and alternative debt solutions, announces its unaudited financial and operating results for the three- and six-month periods ended June 30, 2025. Performance Highlights Three Months Ended June 30, 2025, Compared to Three Months Ended June 30, 2024: 54% increase in Loan Interest Revenue to $3.2 million from $2.1 million 212% increase in recurring free cash flow to $884,129 from $283,036 216% increase in recurring free cash flow per share to $0.0290 from $0.0092 39% increase in total investments value to $72.2 million from $52.0 million $16.3 million in new investments compared to $9.3 million Six Months Ended June 30, 2025, Compared to Six Months Ended June 30, 2024 49% increase in Loan Interest Revenue to $6.1 million from $4.1 million 148% increase in recurring free cash flow to $1.7 million from $698,887 152% increase in recurring free cash flow per share to $0.0567 from $0.0224 39% increase in total investments value to $72.2 million from $52.0 million $19.5 million in new investments compared to $16.0 million 'Q2 2025 represented the 8th consecutive quarter of loan interest revenue growth. More importantly, we are growing our revenue while consistently generating positive free cash flow, with a total of $884,129 for the quarter compared to only $283,036 a year ago. We believe our continued strong growth indicates the strength of our business model and management's ability to execute on it.' said Alex Baluta, CEO of Flow Capital. Detailed Financial Results are available on our website at or on Results of Operations Click here to view image (1) Recurring Free Cash Flow is an internally defined, non-IFRS measure calculated as loan interest revenue less loan amortization income, one-time payments, salaries, professional fees, office and general administrative expenses, and financing expenses. See the section 'Use of Non-IFRS Financial Measures'. Conference Call Details Flow Capital will host a conference call to discuss these results at 9:30 a.m. Eastern Time, on Thursday August 14, 2025. Participants should call +1 800-717-1738 or +1 289-514-5100 and ask an operator for the Flow Capital Earnings Call, Conference ID 29927. Please dial in 10 minutes prior to the call to secure a line. A replay will be available shortly after the call. To access the replay, please dial +1 888-660-6264 or +1 289-819-1325 and enter passcode 29927#. The replay recording will be available until 11:59 p.m. ET, August 28, 2025. An audio recording of the conference call will be also available on the investors' page of Flow Capital's website at About Flow Capital Flow Capital Corp. is a publicly listed provider of flexible growth and alternative capital solutions dedicated to supporting market-leading high-growth companies. Since its inception in 2018, the company has provided financing to businesses in the US, the UK, and Canada, helping them achieve accelerated growth while minimizing dilution and retaining founder control. Flow Capital focuses on revenue-generating, VC-backed, and founder-owned companies seeking growth capital to drive their continued expansion. Learn more at For further information, please contact: Flow Capital Corp. Alex BalutaChief Executive Officer [email protected] 47 Colborne St, Suite 303, Toronto, Ontario M5E 1P8 Non-IFRS Financial Measures This press release includes references to the non-IFRS financial measure 'Recurring Free Cash Flow.' This financial measure is employed by the Company to measure its operating and economic performance, to assist in business decision-making, and to provide key performance information to senior management. The Company believes that, in addition to conventional measures prepared in accordance with IFRS, certain investors and analysts use this information to evaluate the company's operating and financial performance. This financial measure is not defined under IFRS, nor does it replace or supersede any standardized measure under IFRS. Other companies in our industry may calculate this measure differently than we do, limiting its usefulness as a comparative measure. Reconciliations of non-IFRS measures to the nearest IFRS measure can be found in this press release under 'Reconciliation of Non-IFRS Measures.' Reconciliation of Non-IFRS Measures The table below reconciles Recurring Free Cash Flow for the periods indicated. Recurring Free Cash Flow is an internally defined, non-IFRS measure calculated as loan interest and royalty income less loan amortization income, one-time payments, salaries, professional fees, office and general administrative expenses, and financing expenses. Please click here to view image Forward-Looking Information and Statements Certain statements herein may be 'forward-looking' statements that involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Flow or the industry to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether such results will be achieved. A number of factors could cause actual results to vary significantly from the results discussed in the forward-looking statements. These forward-looking statements reflect current assumptions and expectations regarding future events and operating performance and are made as of the date hereof and Flow assumes no obligation, except as required by law, to update any forward-looking statements to reflect new events or circumstances. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.

Los Angeles Times
5 hours ago
- Los Angeles Times
U.S. sanctions Mexican drug cartel associates accused of scamming elderly Americans
MEXICO CITY — The U.S. Treasury Department imposed sanctions Wednesday on more than a dozen Mexican companies and four people it says worked with a powerful drug trafficking cartel to scam elderly Americans in a multimillion-dollar timeshare fraud. The network of 13 businesses in areas near the seaside tourist destination of Puerto Vallarta were accused of working with the Jalisco New Generation Cartel, a group designated by the U.S. government as a foreign terrorist organization. In a scheme dating back to 2012, four cartel associates are accused of defrauding American citizens of their life savings through elaborate rental and resale schemes, according to a Treasury statement. In the span of six months, officials said they were able to document $23.1 million sent from mostly people in the U.S. to scammers in Mexico. The sanctions imposed by the administration of President Trump would prohibit Americans from doing business with the alleged cartel associates and block any of their assets in the U.S. 'We will continue our effort to completely eradicate the cartels' ability to generate revenue, including their efforts to prey on elderly Americans through timeshare fraud,' U.S. Treasury Secretary Scott Bessent said in a statement. In past years, the administration of then-President Biden also sanctioned associates and accountants related to such schemes. The Wednesday announcement was made amid an ongoing effort by the Trump administration and the Mexican government to crack down on cartels and their diverse sources of income. The U.S. Treasury Department has slapped sanctions on a variety of people from a Mexican rapper who it accused of laundering cartel money to Mexican banks facilitating money transfers in sales of precursor chemicals used to produce fentanyl. The announcement also came one day after Mexico sent 26 high-ranking cartel figures to the U.S. in the latest major deal with the Trump administration as Mexico tries to avoid threatened tariffs.


Business Wire
5 hours ago
- Business Wire
Lenovo Group: First Quarter Financial Results 2025/26
HONG KONG--(BUSINESS WIRE)-- Lenovo Group Limited (HKSE: 992) (ADR: LNVGY), together with its subsidiaries ('the Group'), today announced strong first quarter results for the fiscal year 2025/26, reporting significant growth in overall group revenue and profit. Revenue grew 22% year-on-year to US$18.8 billion, with net income up 108% year-on-year to US$505 million. On a non-Hong Kong Financial Reporting Standards (non-HKFRS [1]) basis, net income grew by 22% year-on-year to US$389 million, adjusted for non-cash fair value gain on warrants [2]. Strong global performance driven by clear hybrid-AI strategy, investment in innovation, and operational excellence Share All main business groups saw solid double-digit year-on-year revenue growth, with the PC business reporting particularly strong numbers following the highest year-on-year revenue growth rate in 15 consecutive quarters and an all-time high market share of 24.6%. The Group's diversified growth engines continue to grow, with non-PC revenue mix up nearly half a point year-on-year to 47%. All sales geographies delivered high to relatively high year-on-year revenue growth. The strong results reinforce Lenovo's ability and commitment to preserve competitiveness, maintain market share, and sustain profitability against the challenging external environment. Three main strategic factors drove the results. First, the Group's firm execution of its hybrid AI vision sees it capitalizing on unprecedented AI opportunities. Second, a commitment to continuous investment in innovation, which saw R&D spending increase over 10% year-on-year, supporting the Group's progress towards long-term goals of building personal and enterprise AI twins. And third, its operational excellence, including a unique ODM+ manufacturing model, a balanced global sales footprint, and a 'Global/Local' model that combines global sourcing and resources with local delivery. The combination of these factors gives the Group maximum flexibility and resilience to navigate through market cycles and geopolitical uncertainties. Looking ahead, Lenovo remains committed to delivering more breakthrough innovations for customers, generating higher returns for its shareholders, and creating lasting value for its stakeholders and communities around the world. Chairman and CEO quote – Yuanqing Yang: 'By leveraging the resilience and flexibility of our supply chain and operational excellence, we overcame challenges brought by tariff volatility and the geopolitical landscape and achieved significant growth in both top and bottom lines. These record Q1 results underscore our ability to deliver on our promise to preserve competitiveness and continuously grow our business. Looking ahead, we will continue to firmly execute our hybrid AI strategy towards the vision of Smarter AI for all, relentlessly drive innovation in personal AI and enterprise AI products and solutions and consistently strengthen our operational competitiveness so that we can realize sustainable growth and profitability improvement.' Financial Highlights: Lenovo management encourages investors, analysts, and the public to focus on its non-HKFRS measures, which exclude the impact of non-cash items related to warrants and convertible bonds as part of Lenovo's strategic collaboration with Alat. Non-HKFRS offers a clearer view of the Group's core operational performance, as the non-cash items related to warrants and notional interest on convertible bonds are expected to persist through the end of fiscal year 2027/2028. Intelligent Devices Group (IDG): Strong growth across the board, leading in personal AI Q1 FY25/26 performance: Overall IDG revenue grew nearly 18% year-on-year to US$13.5 billion, with the PCs and smart devices business delivering 19% year-on-year revenue growth, the fastest pace in 15 quarters. All geographies achieved double-digit year-on-year revenue growth in PCs and smart devices. The PCs and smart devices business maintained its industry-leading profitability with an operating profit of more than 8% thanks to a strong performance from high-margin segments. PC market leadership was further reinforced with a record 24.6% market share, together with an increased lead over the number two player. AI PC penetration accelerated, accounting for more than 30% of all Lenovo PC shipments. Lenovo ranks #1 globally in the Windows AI PC segment with a 31% market share. Smartphone revenue grew over 14% year-on-year to US$2.2 billion, with sales volume outgrowing the market for eight consecutive quarters. In markets outside of China, smartphone market share reached a record high, with the success of the Razr phone seeing Motorola take the #1 position in foldables (flip and fold) with over 50 % market share. Looking ahead, IDG will continue to build agent-native devices of various forms, while enriching the application ecosystem for AI super agent to boost agent user engagement. This will drive toward 'One AI, Multiple Devices', positioning agent-native devices as the entry point for Personal AI. Infrastructure Solutions Group (ISG): Sustained high growth, building long-term competitiveness Q1 FY25/26 performance: ISG delivered strong revenue growth of up 36% year-on-year to US$4.3 billion through a strong execution of its CSP (Cloud Service Provider) and E/SMB (Enterprise and SMB) dual strategy. Increasing investments in AI infrastructure and R&D, as well as enhancing E/SMB competitiveness, even as profitability was impacted in the short-term. The AI infrastructure business revenue more than doubled year-on-year with a robust pipeline and a clear product roadmap ahead. Revenue from industry-leading liquid cooling solutions grew 30% year-on-year. Looking ahead, ISG is committed to investing in driving long-term growth and value through strategic market expansion, E/SMB business model transformation, AI infrastructure innovation and product development, to stay ahead of the AI curve and provide differentiated global competitiveness. The Group is confident that ISG will not only sustain mid-to-long-term growth, but also deliver stronger profitability returns. Solutions and Services Group (SSG): High growth and high profitability, unleashing Lenovo hybrid AI Advantage Q1 FY25/26 performance: SSG delivered another record quarter of revenue, up 20% year-on-year to US$2.3 billion – marking 17 consecutive quarters of year-on-year revenue growth. Operating margin was up 1.2 points year-on-year to over 22% - making SSG the key profit engine for the Group overall, thanks to its sustainable margin expansion. Support Services achieved double-digit year-on-year revenue growth by leveraging strong market demand for hardware and focusing on attaching premium services, e.g., Premium Care and Premier Support Plus. Managed services, and 'as-a-Service' offerings, along with Projects and Solutions grew even faster with TruScale Infrastructure-as-a-service delivering triple-digit growth year-on-year in signings, and TruScale Device-as-a-service seeing double-digit growth for the quarter. Their combined mix increasing three points year-on-year to 58% of SSG's total revenue. AI-driven solutions have gained momentum, especially in manufacturing and supply chain sectors. Looking ahead, Lenovo will further build the Lenovo Hybrid AI Advantage framework as its key differentiator and will focus on Digital Workplace Solutions, Hybrid Cloud, and Sustainability solutions, while at the same time building simple and scalable AI-led vertical solutions to solve customers' most significant needs. Corporate and ESG highlights Lenovo published its FY2024/25 Environmental, Social and Governance Report in June 2025, key highlights included: Detailed progress towards the Group's 2030 emissions reduction targets, including reaffirming its long-term ambition to achieve net-zero greenhouse gas emissions by 2050. Environmental progress through participation in the circular economy, including the continuous use of closed-loop recycled materials in its products as well as sustainability services for customers. The Group's sustainability performance was recognized by 3 rd parties such as EcoVadis (Platinum Medal), MSCI ESG Ratings (AAA), and CDP (A list in climate, water security and supplier engagement). The Group's governance and reporting was additionally recognized with a Gold Award from the Hong Kong Institute of Certified Public Accountants (HKICPA) for Best Corporate Governance and ESG. Lenovo was recently ranked #8 in Gartner's Top 25 Global Supply Chain, with an ESG Score of 9/10. The ranking recognizes excellence in supply chain operations among global leaders across various industries, including pharmaceutical, automotive, FMCG, and technology. The prestigious Gartner ranking highlights companies that consistently demonstrate leadership in supply chain strategy and execution. In July 2025 Lenovo climbed 52 spots on the Fortune Global 500 list. This achievement marks Lenovo's 16th year on the Global 500, highlighting it as one of the world's 500 largest companies by revenue, with its highest ranking in the Technology sector to date – placing 13 th among the global technology industry. [1] Non-HKFRS measure was adjusted by excluding net fair value changes on financial assets at fair value through profit or loss, amortization of intangible assets resulting from mergers and acquisitions, gain on deemed disposal of a subsidiary, impairment and write-off of intangible assets, property, plant and equipment and construction-in-progress, fair value change on derivative financial liabilities relating to warrants, and notional interest of convertible bonds; and the corresponding income tax effects, if any. [2] Effects of warrant obligations will fluctuate positively or negatively in the coming quarters (through the end of FY27/28), primarily based on share price movements in the quarter. Lenovo encourages the market to focus on its underlying operational performance as reflected by non-HKFRS reporting. About Lenovo Lenovo is a US$69 billion revenue global technology powerhouse, ranked #196 in the Fortune Global 500, and serving millions of customers every day in 180 markets. Focused on a bold vision to deliver Smarter Technology for All, Lenovo has built on its success as the world's largest PC company with a full-stack portfolio of AI-enabled, AI-ready, and AI-optimized devices (PCs, workstations, smartphones, tablets), infrastructure (server, storage, edge, high performance computing and software defined infrastructure), software, solutions, and services. Lenovo's continued investment in world-changing innovation is building a more equitable, trustworthy, and smarter future for everyone, everywhere. Lenovo is listed on the Hong Kong stock exchange under Lenovo Group Limited (HKSE: 992) (ADR: LNVGY). To find out more visit and read about the latest news via our StoryHub.