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Forbes
23-05-2025
- Business
- Forbes
The Richest Places In Idaho, From The Latest Census Data
Aerial panorama of the waterfront and marina of Coeur d'Alene, Idaho at twilight. The wealthiest ... More city in Idaho lies along the shores of Lake Coeur d'Alene. Idaho, like its Rocky Mountain neighbors, Montana, Wyoming, Utah, and Colorado, has changed significantly over the last 50 years. From a population of around 700,000 in 1970, by 2024 that figure had grown by 180.9%, to just over 2 million. Over the same period, the United States population grew by 67.2%. The economy of Idaho has also changed dramatically and is now far more diversified. Thus, not coincidentally, Idaho has witnessed a major increase in wealth compared to its past. According to the Economic Policy Institute (EPI), the top 1% takes home 14.9% of all income in Idaho and make 17.4 times more than the bottom 99%. Recent studies have analyzed and identified the richest cities in various states. Continuing this Rocky Mountain investigation, this study analyzed 236 cities (defined as 'places' by the Census Bureau; see below) in Idaho with complete data from the Census Bureau. This analysis analyzed them 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 Idaho is, plus the top 20 wealthiest cities in the state overall. To fully capture the wealth of these cities, this study didn't want to just look up the median household income for each one. Rather, the study sourced critical financial data from the Census Bureau's 2023 American Community Survey. Once these data points were compiled, they were scored using a four-factor system taking into account: 1) Median household income; 2) mean (average) household income; 3) median home value; 4) median property taxes paid. 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+', so no median incomes are recorded above $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 very important 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 thing to go over is the Census Bureau term 'places.' The Census Bureau has a category of geographic units called Census-designated places — CDPs. The Census, more or less, treats CDPs as cities — their terminology is 'place' — and so this study will this list of the richest cities in Idaho. But if you see cities on this list that you see as, for example, neighborhoods, you're not wrong; they just are treated as cities by the Census Bureau. You'll find a table detailing the top 20 richest cities in Idaho and their associated dollar figures for each metric, below: The No. 1 richest place in Idaho in this ranking is Rockford Bay, which is a CDP, located on the western shores of Lake Coeur d'Alene. Property values are quite high here, with the median home value being $981,300. This makes the median property tax bill comparatively high, too, at $4,458. Incomes are markedly higher than the state's average. The median household income is $125,625, the second highest in Idaho. The average household income is the No. 1 highest, at $223,167. Unsurprisingly for a wealthy town, the two main occupations by employment are Management Occupations (25% of the workforce) and Business & Financial Operations Occupations (12.5% of the workforce), according to Data USA. The second richest place in Idaho is Hidden Springs, a CDP in Ada County, north of Boise and tucked into a narrow valley in the mountains (hence, 'hidden'). The top occupations by employment are Management Occupations (18.3% of the workforce), Health Diagnosing & Treating Practitioners & Other Technical Occupations (9.8% of the workforce), and Office & Administrative Support Occupations (6.9% of the workforce). The median income here is the highest in the state, at $159,439, while the average income is $199,589. Home values are very high, with the median being $683,800. Though that's $300,000 less than in Rockford Bay, the median property taxes in Hidden Springs is only a little less than the former's, $4,238 versus $4,458. Coming in as the No. 3 richest place in Idaho is Sun Valley, a resort town on Ketchum's eastern border. Sun Valley's incomes bear the hallmarks of a resort town. The median household income is comparatively low for a wealthy town, at $82,045. But the average household income is roughly double, at $162,193, which is common in resort towns because they tend to be centers of wealth inequality. Home values are, not surprisingly, very high. The median home value is $845,600, the second highest after No. 1 Rockford Bay. Interestingly, the median property taxes in Sun Valley are higher than in Rockford Bay, at $5,402 per year. According to Data USA, the main industries by employment are Professional, Scientific, & Technical Services (32.7% of the workforce), Accommodation & Food Services (14.9% of the workforce), and Educational Services (11.3% of the workforce).
Yahoo
17-05-2025
- Business
- Yahoo
If Wealth Was Evenly Distributed Across America, How Much Money Would Every Person Have?
According to the Federal Reserve, U.S. households hold $160.35 trillion in combined wealth, which is the value of every American's assets minus their liabilities. Find Out: Try This: To say it's distributed unevenly is too much of an understatement to even qualify as an understatement. The bottom 50% of the country shares less than 3% of that enormous pie, while the most fortunate 10% gorge on nearly all of it. Here's a look at how much money each American would have if every person got an equal slice of the country's wealth. Next, find out what the economy might look like if net worth was capped at $1 billion. According to Google's Data Commons project, the U.S. is home to roughly 340.11 million people. If they divvied up the country's $160.35 trillion jackpot equally, each would have about $471,465. That's $942,930 per couple. If a couple had two kids, the four of them would be sitting pretty with $1.89 million. To most in the lower 50%, that probably sounds like a pretty sweet deal. To many in the monied class in the top half, however, a net worth of less than a half-million dollars might as well be a stint in the poorhouse. Learn More: Nearly one dollar in three is in the pockets of the top 1%, which owns $49.46 trillion, or 30.8% of America's combined wealth — but even the 1% has an aristocracy and an underclass. The heavyweights at the tippy-top of the pyramid in the top 0.1% — about 340,000 people — own $22.14 trillion, or 13.8% of America's bounty. That leaves the commoners of the 1% — the 99%-99.9% percentile group — to share $27.32 trillion, or 17% of America's fortune. Under that are those in the 90%-99% percentile group, who control $58.34 trillion, or 36.4% of the pie. Combined with the 1%, that puts almost exactly two-thirds of America's wealth in the bank accounts of the top 10%. Nearly all of the remaining third of America's wealth — 30.3%, or $48.54 trillion — goes to those in the 50%-90% percentile groups. That leaves just 2.5%, or $4.01 trillion, for the entire bottom 50% of the country to split. If they split it evenly, which they, of course, do not, that would give each of those 170 million people $23,588. For context, the 340,000 movers and shakers in the top 0.1% get about $65.12 million each — 2,760 times more. More From GOBankingRates Here's How Much Cars Made in the US Cost Compared to Mexico, Canada and China How Far $750K Plus Social Security Goes in Retirement in Every US Region 4 Grocery Items To Buy Now Before Tariffs Raise Prices This Summer 3 Reasons Retired Boomers Shouldn't Give Their Kids a Living Inheritance Sources United States Federal Reserve, 'Distribution of Household Wealth in the U.S. since 1989.' Data Commons, 'United States of America.' This article originally appeared on If Wealth Was Evenly Distributed Across America, How Much Money Would Every Person Have?
