logo
The Wealthiest Suburb in Each of America's 50 Largest Metro Areas

The Wealthiest Suburb in Each of America's 50 Largest Metro Areas

Yahooa day ago
Rocky89 / iStock.com
You might have some familiarity with the nation's 50 wealthiest suburbs, as ranked by GOBankingRates in July 2025. But what about the wealthiest suburbs in the 50 largest U.S. metros — such as Miami, Los Angeles and New York?
Discover More: GOBankingRates Original Research Center
View Next: Mark Cuban Says Trump's Executive Order To Lower Medication Costs Has a 'Real Shot' -- Here's Why
For this study, GOBankingRates used the U.S. Census 2023 American Community Survey to find the 50 largest metropolitan areas by population and identify the cities with the highest average household incomes within each Metropolitan Statistical Area (as defined by the Census).
Qualifying suburbs must have a minimum of 5,000 households and not be principal cities. Each suburb's 2022 and 2023 household mean incomes were sourced and the CPI inflation calculator was used to find the 2022 household mean income's value in 2023. The Zillow Home Value Index was referenced to source each suburb's average single-family home value in 2025. The one-year change in dollar amount and percent was calculated for the inflation-adjusted household mean income and the single-family home value. The rankings for each suburb are based on population, with the most populated MSA first.
Alex Potemkin / Getty Images/iStockphoto
Key Findings
Scarsdale, which ranked as the wealthiest suburb in the nation, is obviously therefore the wealthiest suburb in New York City. Over the course of one year, the household mean income in Scarsdale increased by 2.45% while home values went up by 4.60%.
The wealthiest suburbs in the five biggest cities are Scarsdale (New York City), Palos Verdes Estates (Los Angeles), Hinsdale (Chicago), University Park (Dallas) and West University Place (Houston).
The wealthiest suburbs in the Midwest have average incomes of $161,000 on the low end (Mason, Ohio) and as high as $376,000 (Hinsdale).
Four Florida suburbs ranked in the top 50 with average incomes above $180,000: Pinecrest (#9), Keystone (#18), Lake Butler (#22) and Nocatee (#39).
Here are the wealthiest suburbs in the 50 largest metropolitan areas in the United States, ranked by population.
Find Out: I Asked ChatGPT If a Recession Is Coming Soon — Here's What It Said
Learn More: Here's How Much Every Tax Bracket Would Gain — or Lose — Under Trump's 'Big, Beautiful Bill'
Alex Potemkin / Getty Images/iStockphoto
1. Scarsdale, New York
Suburb of: New York City (19.8 million)
Household mean income 2023: $601,193
Household mean income 1-year growth change (%): 2.45%
Average home value June 2025: $1,607,856
One-year home value change (%): 4.60%
That's Interesting: J.P. Morgan Offers 3 Reasons the US Dollar Is Losing Value — and Why It Might Be Good for Your Wallet
joebelanger / Getty Images/iStockphoto
2. Palos Verdes Estates, California
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Fly by Jing is launching chili crisp ketchup
Fly by Jing is launching chili crisp ketchup

Fast Company

timea few seconds ago

  • Fast Company

Fly by Jing is launching chili crisp ketchup

Fly by Jing, the beloved CPG brand that's helped make high-quality chili crisp a staple in many American households, announced today that it's fusing its iconic sauce with an unexpected condiment: ketchup. The new product, called Chili Crisp Ketchup, launches today in a limited run online, retailing for $15 a bottle. It was made in collaboration with Frankie Gaw, a creator and author known for remixing Asian cuisine with classic American products. According to a press release, Chili Crisp Ketchup combines Fly by Jing's bestselling Original Sichuan Chili Crisp with a ketchup base 'to create a spicy, savory, and smooth blend that's at once novel and nostalgic.' For Fly by Jing founder Jing Gao, the brand's move to fuse its core product with a classically American condiment is an evolution of its overarching goal to help Western consumers 'experiment more wildly' with traditionally Chinese flavors and integrate them into their existing routine. But the Chili Crisp Ketchup also serves a secondary purpose: helping Fly by Jing diversify its supply chain in the wake of President Trump's sweeping tariffs on Chinese imports. Fly by Jing spices up ketchup Gao's concept for Fly by Jing first took shape in 2018, when she noticed that the market for chili crisp was rapidly expanding in Western markets. She saw an opportunity to introduce a broader customer base to the iconic flavors of her hometown, Chengdu, China, and to create her own chili crisp with higher quality ingredients than other competitors on the market. The first step was spending several years just courting Sichuan suppliers and merchants to source the chili crisp's 18 premium ingredients. Since its launch in 2019, Fly by Jing has transformed from a crowd-funded direct-to-consumer (DTC) project to a staple on grocery store shelves, now offering its products in 11,000 stores nationwide including major retailers like Target, Safeway, and Walmart. The company has also debuted additional products like a spicy vinaigrette, a line of instant noodles, and an ultra-hot oil that's appeared on the YouTube show Hot Ones. The concept for a ketchup-slash-chili-crisp actually came from a TikTok video made by Gaw, who used chili crisp to create his own custom ketchup blend. Gaw and Gao connected over the concept, which Gao saw as a natural evolution of her brand's central thesis. 'From day one, we've really tried to decrease the barriers for people to understand Sichuan flavors,' Gao says. She specifically recalls launching the brand's original flavor through collaborations with ice cream shops to show how unexpectedly delicious the pairing could be. 'Showing these flavors truly are good on everything, I think it was really helpful for Western audiences who hadn't experienced this before,' she adds. A satisfying squeeze bottle Fly by Jing's Chili Crisp Ketchup comes in the brand's first-ever squeeze bottle, which Gao's team has actually been conceptualizing for several years. The main challenge with the proposition was making the squeeze format work with the chunky, gritty textures of a good chili crisp. In this case, Gao says, they were able to solve that problem by sifting out some of the larger components and relying more on the deep flavors of the oil itself, which is then balanced with the sweet tanginess of the ketchup. For his part of the collaboration, Gaw assisted in the tasting process and also designed the squeeze bottle's label. The package is a major visual departure from Fly by Jing's other branding, swapping its ' dopamine design ' neon colors for a retro Americana look (and a swaggy image of Gaw's own grandma, clad in a flaming cowboy hat). As of right now, Chili Crisp Ketchup is a limited edition product. Gao plans to test consumer interest through an initial DTC launch, which will help determine whether the product is a good candidate to roll out in retail. Weathering Trump's tariff headwinds In the meantime, Fly by Jing is also testing several other squeeze bottle sauces with production components based in the U.S. and other countries as part of a broader supply chain diversification effort. That's because some of the important ingredients across its portfolio of product offerings—the premium spices and aromatics that are specially sourced from Sichuan, China— are subject to the Trump administration's tariffs on China. Currently, those tariffs equal a 55% tax on imported ingredients, though they could jump up to rates as high as 145% if the Trump administration doesn't relent on its plan to boost them in the next three months.

Darwinbox Secures US$40 Million From Teachers' Venture Growth
Darwinbox Secures US$40 Million From Teachers' Venture Growth

Business Wire

timea few seconds ago

  • Business Wire

Darwinbox Secures US$40 Million From Teachers' Venture Growth

HYDERABAD, India & SAN FRANCISCO--(BUSINESS WIRE)--Darwinbox, the fastest growing AI-powered human capital management (HCM) platform, today announced a US$40 million investment from Teachers' Venture Growth (TVG), the late-stage venture and growth investment arm of Ontario Teachers' Pension Plan. The new partnership will fuel Darwinbox's mission to redefine enterprise HR with AI-first innovation and rapid global expansion, especially in North America, meeting growing demand for modern alternatives to legacy HR suites. The company has grown 3X year on year since its entry in the region and is powering global enterprises like EXL, Virtusa, Orion Innovation, Ephicacy, Nivea, WeWork, Zara, Starbucks, and Adidas. Already powering HR technology for 1,000+ enterprises and 4 million employees across 130 countries, Darwinbox is continuing to invest in agentic-AI innovation, becoming the first HCM platform to support the Model Context Protocol (MCP) and enabling AI agents to interact with Darwinbox securely. The raise is in addition to Darwinbox's recent US$140 million round led by Partners Group and KKR in March 2025 and sees TVG acquire a stake in Darwinbox through primary and secondary transactions. TVG brings significant experience in helping fast-growing technology companies scale in international markets and joins an investor lineup that includes KKR, Partners Group, Microsoft, Salesforce, Peak XV, Lightspeed, and TCV. 'We are pleased to partner with an exceptional team that has built and scaled Darwinbox into a leading HR technology company. With an easily customizable, AI-powered full-stack offering, and customer centricity at its core, Darwinbox continues to drive impressive adoption across large enterprises globally. We look forward to bringing our global network and expertise to support the company's future growth,' said Darius Vakil, Director of TVG in India. 'We're thrilled to welcome TVG as partners in our next stage of scaling,' said Jayant Paleti, Co-Founder of Darwinbox. 'HR tech, when done right, can unlock outsized value for every enterprise, yet the old guard of HCM vendors still falls short of that leap. Darwinbox exists to change that story, building the next-gen HCM company, global by design, AI‑first at the core, and relentlessly focused on customer outcomes,' he added. The platform is lauded by Gartner and Forrester for its deep functional breadth, outstanding user experience, and rapid pace of innovation, especially in AI. Darwinbox is the youngest HCM suite to be recognized on Gartner's Magic Quadrant for Cloud HCM Suites and is named a Customer's Choice HCM for the 4th year in Gartner's Gartner® Peer Insights™ Voice of Customer report, outranking its competition significantly in ratings. With a mission to evolve the future of work, Darwinbox is expanding globally with a growing footprint in the US, Southeast Asia, and MENA. Avendus Capital acted as the financial advisor and investment banker to Darwinbox in this transaction. About Teachers' Venture Growth Teachers' Venture Growth (TVG) focuses on late-stage venture and growth equity investments in cutting-edge technology companies worldwide. We partner with founders with bold missions, looking to expand their product offering, scale geographically, and become the leaders in their markets. We bring long-term thinking and active investing to help build better businesses and a better world. We think globally and act locally through our direct presence across Europe, North America and Asia. Teachers' Venture Growth (TVG) is part of the Ontario Teachers' Pension Plan Board (Ontario Teachers'), a global investor with net assets of CAD 269.6 billion as at June 30, 2025. Ontario Teachers' is a fully funded defined benefit pension plan, and it invests in a broad array of asset classes to deliver retirement security for 343,000 working members and pensioners. For more information, visit and follow us on LinkedIn. About Darwinbox Founded in 2015, Darwinbox is a global HR tech leader that empowers enterprises to better manage their talent with new-age employee experiences and disruptive AI-powered technology. Its cloud-based Human Capital Management (HCM) software caters to an organization's HR needs across the entire employee lifecycle. Darwinbox is trusted by over 4 million employees from more than 1000 enterprises across 130 countries. Darwinbox has been backed by global investors like KKR, Partners Group, TCV, Microsoft, Salesforce Ventures, Peak XV, Lightspeed, and Endiya Partners, among others.

Economist Sumerlin confirms he's in the running for Fed chair, backs big interest rate cut
Economist Sumerlin confirms he's in the running for Fed chair, backs big interest rate cut

CNBC

time2 minutes ago

  • CNBC

Economist Sumerlin confirms he's in the running for Fed chair, backs big interest rate cut

Economist Marc Sumerlin, one of nearly a dozen reported contenders for Federal Reserve chair, said Thursday he'd be interested in the job and believes an aggressive interest rate cut would be appropriate. Sumerlin, a former senior economist under then-President George W. Bush, said on CNBC that lowering the Fed's key rate would be an easy decision now. The current yield structure combined with weakness in the labor market and stable inflation "tells us that we could easily do a 50 basis point cut ... without disrupting anything at all. So it seems like pretty much a no-brainer to me." A basis point equals 0.01%, so 50 basis points would be half a percentage point. With the field looking wide open to succeed current Chair Jerome Powell, Sumerlin's position on rates puts him at least directionally in line with President Donald Trump. The president has repeatedly pushed the Fed to ease, advocating cuts of up to 3 percentage points, but the Powell-led Federal Open Market Committee has kept is benchmark funds rate unchanged since last lowering in December 2024. As far as the nomination sweepstakes goes, Sumerlin, currently managing partner for Evenflow Macro, confirmed that he was contacted by the White House last week. He noted that he is close friends with Treasury Secretary Scott Bessent, who has taken a leading role in the search for the next chair, saying the two have been discussing monetary policy "weekly for probably 12 years." "I got a call last Wednesday that said there was going to be a list [and] I was going to be on it. That's as much as I know right now," he said. "I'm waiting for more guidance on where we go from here." Sumerlin indicated that he would be interested in the nomination so long as certain conditions are met. "I think if it's the Fed chair, it's mission critical to the world. You have to be willing to do that," he said. "I've never met the president before. It would depend on us seeing eye to eye." Sumerlin stressed the importance of Fed independence, something that has come under question has Trump has taken the historically unprecedented step of criticizing Powell and his fellow policymakers publicly and in stark terms. He's called Powell a "loser" and "stupid" and has criticized the FOMC for being complacent. "You have to go into it knowing that every day you're going to walk in and just do the best job you can for the American people, and you're going to get criticism and be prepared to deal with that," Sumerlin said. "Ideally, you'd want to go in knowing that you're in synch. In synch goes both ways, and that would be part of the process trying to figure it out." In addition to Sumerlin, other candidates include current governors Michelle Bowman and Christopher Waller, National Economic Council Director Kevin Hassett and former Governor Kevin Warsh, along with about half a dozen others.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store