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Forbes
3 days ago
- Business
- Forbes
The Richest Places In Nevada, Latest Census Data Shows
A series of recent studies analyzed and identified the richest cities in a number of states that lie in the geographic Mountain division, such as Colorado, Utah, Idaho, and Wyoming. For this article, the analysis will be for Nevada's richest cities. This study analyzed 134 cities in Nevada with complete data from the Census Bureau, in terms of their median household income, mean (average) household income, median home value, and median property taxes paid per year, to come up with a list of the 15 richest places in the state. Read on to find out what the richest city in Nevada is, plus the top 15 wealthiest cities in the state overall. In order to compile this list of the richest cities in Nevada, we sourced key financial data from the Census Bureau's 2023 American Community Survey. Harnessing these datasets, we put together a scoring system based on four factors to help identify the wealthiest cities in Nevada: The Census Bureau does some interesting things with its data. For certain factors, the Census numbers have upper limits, so there's no exact value for certain factors. When it comes to median household income, the Census Bureau has an upper limit of '$250,000+'. For median home value, the upper limit is '$2,000,000+'. For median property taxes paid, the upper limit is '$10,000+'. Thus, for these reasons, the mean household income (which is the same as average household income) dataset is crucial because the Census Bureau has exact figures for it. All four of these metrics were scored, added up, and then ranked by the cities' combined scores. Census data also categorizes geographies in a particular way that the average person might not conceive of. And it is particularly relevant to Nevada. The Census has a geographic unit called census-designated places, CDPs, which it essentially treats as what people would think of as cities. So, if you see places here listed as cities, it's because they are CDPs and the Census Bureau more or less treats them as cities or towns. You'll find a table detailing the top 15 richest cities in Nevada and their respective dollar figures for each metric, below: The No. 1 richest city in Nevada in this ranking is Crystal Bay, a very small town of only 80 households, on the northern shore of Lake Tahoe. It borders the state line with California. It sits on Crystal Bay across from Incline Village, another city on this list of wealthiest places in Nevada. The median household income in Crystal Bay is over $250,000. The average household income is an incredible $673,626. Not surprisingly, its median home value is in excess of $2 million, which is the upper limit the Census Bureau tracks. And the median property taxes paid by households is over $10,000 a year. The second wealthiest place in Nevada is another Lake Tahoe town, Glenbrook. This town is on the east coast of Lake Tahoe, south-southeast of Crystal Bay. The median household income is $223,942, while the average household income is north of $400,000. Like Crystal Bay, the median home value here is over $2 million. The median property taxes paid per household is over $10,000. Nearly 57% of households earn $200,000 or more a year. The No. 3 richest city in Nevada is Round Hill Village, another town along Lake Tahoe. This place is bigger than the No. 1 and No. 2 cities, being home to 380 households. This town is down in the southeast corner of Lake Tahoe, right near the California border and the aptly named city of Stateline. The median household income is $189,038, while the average household income is $279,816. The median home value here is almost $1.216 million and individual listings can be well over this figure. The median property taxes paid, however, aren't as bad as in the No. 1 and No. 2 cities, at $3,868 per year. The vast majority of the top 15 richest cities in Nevada are located in the vicinity of Lake Tahoe, with one or two in the Las Vegas metro area. You can see in the income figures, however, the imbalance in wealth generated by resort towns in the Take Tahoe area. The home values, even more so, convey the wealth disparity, with many places having median home values well beyond what the typical household income can sustain.
Forbes
21-05-2025
- Business
- Forbes
Here Are The Richest Places In Delaware, Based On The Latest Census Data
Delaware is a state known for its lack of sales tax, its business-friendly laws (which is why so many corporate headquarters are located there), and its beach resorts. Delaware has gotten wealthier over the years, and its incomes now exceed the United States overall figures. Whereas the median household income for the United States overall is $78,538 — according to the latest data from the Census Bureau's 2023 American Community Survey — the median in Delaware is $82,855. Past studies analyzed and identified the richest cities in several of Delaware's neighboring states, including New Jersey, Pennsylvania, and Maryland. For this article, it's now Delaware's turn. This study analyzed 79 cities in Delaware with complete data from the Census Bureau, in terms of their median household income, mean (average) household income, median home value, and median property taxes paid per year, to come up with a list of the 20 richest cities in the state. Read on to find out what the richest city in Delaware is, plus the top 20 wealthiest cities in the state overall. This list of the richest cities in Delaware was compiled based on key financial data sourced from the Census Bureau's 2023 American Community Survey. Harnessing these datasets, the analysis put together a scoring system based on four factors to help identify the wealthiest cities in Delaware: The Census Bureau has some quirks with its data that must be noted. For certain factors, the Census numbers have upper limits, so there's no exact value for certain factors. For example, for median household income, the Census Bureau has an upper limit of '$250,000+'. For median home value, the upper limit is '$2,000,000+'. For median property taxes paid, the upper limit is '$10,000+'. For these reasons, the mean household income (which is the same as average household income) dataset is crucial because the Census Bureau has exact figures for it. All four of these metrics were scored, added up, and then ranked by the cities' combined scores. Another aspect of the Census to point out, and is particularly relevant to Delaware and New England in general, is the Census-designated place — CDP. The Census, more or less, treats CDPs as cities — their terminology is 'place' — and so will this list of the richest cities in Delaware. But if you see cities on this list that you see as, say, neighborhoods, you're not wrong; they just happen to be treated as cities by the Census Bureau. You'll find a table detailing the top 15 richest cities in Delaware and their respective dollar figures for each metric, below: The No. 1 richest city in Delaware in this ranking is Greenville, a bedroom community and suburb of Wilmington. The city is home to a number of beautiful and spacious homes. Its population is now over 3,100, a substantial increase over the last 10 years, spread across 1,508 households. Its median household income of $139,541 isn't the highest in the state. But its average household income of $240,832 is the highest in Delaware. The median home value is over $1 million, but it's the property taxes that really stand out: The median annual property taxes paid by household is $7,906. The top industries by employment, according to Data USA, are Finance & Insurance (17.6% of the workforce), Manufacturing (14%), and Health Care & Social Assistance (13.3%). The second wealthiest place in Delaware is a beach community, Henlopen Acres. This place is located just north of the morn well-known beach town of Rehoboth Beach. This is a small community, with only 106 total households. The average household income here is less than in Greenville — $182,445 versus $240,832 — but the median household income is higher, at $168,750. The median home value in Henlopen Acres is in excess of $2 million, making it by far the most expensive place in Delaware. The median property taxes paid per year here is $4,483. The No. 3 richest city in Delaware is Hockessin, which is another Wilmington suburb, right near the No. 1 richest city, Greenville. Hockessin is larger than that city, being home to over 13,000 people and nearly 4,800 households. The industries that employ the most people in Hockessin are Educational Services (16.8% of the workforce), Professional, Scientific, & Technical Services (14.6% of the workforce), and Finance & Insurance (13.7% of the workforce). The median household income in Hockessin is $172,695, which is higher than the No. 1 and No. 2 cities' median incomes. The average household income of $209,899 puts it behind Greenville's $240,832. Home values, though, in Hockessin are lower, reflecting the city's larger and more varied socio-economic demographic. The median home value here is $566,500, with a median of $4,800 paid in property taxes per household.
Yahoo
08-05-2025
- Business
- Yahoo
The 10 most affordable cities in America
Finding an affordable city may feel harder than ever, but they still exist. You just might have to look in some unexpected places. The Motley Fool set out to find the most affordable cities in the U.S. by comparing the cost of living and median income of hundreds of cities. It found 10 places where the cost of living is low compared to what people take home. (For affordability reasons, it excluded cities with a cost-of-living value 10% or more over the national average from consideration from its list.) Continue reading to see which cities were ranked the most affordable. Cost-of-living estimate: $78,748 Median household income: $95,126 Cost-of-living estimate: $70,048 Median household income: $85,880 Cost-of-living estimate: $66,473 Median household income: $81,927 Cost-of-living estimate: $68,881 Median household income: $86,054 Cost-of-living estimate: $84,931 Median household income: $108,594 Cost-of-living estimate: $70,997 Median household income: $91,501 Cost-of-living estimate: $70,340 Median household income: $90,699 Cost-of-living estimate: #69,243 Median household income: $98,524 Cost-of-living estimate: $79,899 Median household income: $115,409 Cost-of-living estimate: $75,348 Median household income: $116,654 For the latest news, Facebook, Twitter and Instagram.
