2 days ago
Water and wealth: Here are the 10 richest suburbs in America
New York State, California and Texas are home to eight of the 10 wealthiest suburbs in America, according to a new ranking drawn from Census data.
The nation's wealthiest suburb is Scarsdale, in New York's leafy Westchester County, with an average household income of $601,193, according to an analysis released July 16 by the personal finance site GOBankingRates. The Westchester suburb of Rye ranks second, with an average household income of $421,259.
No two suburbs are alike, but the cities near the top of this ranking share some features in common. Many are on the water, or near it. Several are college towns. Affluent suburbs tend to sit a good distance from the urban center, but close enough for a sane commute.
'You can stay in your bubble, but also get out of your bubble and still get the things you need,' said Rudri Patel, a senior financial expert at GOBankingRates.
The ranking is based on average household incomes for suburbs of at least 5,000 households, according to the 2023 American Community Survey.
If you don't see your favorite wealthy suburb on the list, that may be the result of statistical choices that shaped the results. This GOBankingRates ranking considers mean household incomes, which can be skewed by the ultra-rich. Other rankings have looked at median incomes, which are often lower.
By median income, the wealthiest U.S. city is Sammamish, Washington, a Seattle suburb, according to a U.S. News analysis. The median household income in Sammamish is $238,750.
Some wealthy suburbs were too small for the GOBankingRate ranking. The Chicago suburb of Kenilworth and the Washington, D.C., suburb of Chevy Chase, for example, have fewer than 5,000 households each.
Here are the 10 wealthiest suburbs in America
Here are mini-profiles of the 10 wealthiest suburbs in America.
Here are the richest suburbs of other big cities
Don't see your city or suburb on the Top 10? Here are some other wealthy suburbs attached to big metros.
