The city with the highest median household income in the US is Southlake, Texas.
Photo: Karolina Grabowska / Pexels
The 24/7 Wall St. site identified the wealthiest cities in the nation. Most are concentrated in states with large economies, such as New York, California, Virginia and Texas.
In dozens of cities, most households earn more than twice the national median household income of $ 65,712.
Using median household income data from the Census Bureau’s 2019 American Community Survey for all municipalities with populations greater than 25,000, 24/7 Wall St. identified which are the richest cities in the nation.
To identify the wealthiest cities, the site reviewed five-year estimates of median household income from the 2019 American Community Survey.
Additional information on poverty, educational level, and median home value were also considered in the evaluation.
Top Ten of the richest cities in the United States:
- Southlake, Texas
Average household income: $ 240,248
Adults with at least a bachelor’s degree: 69.7%
Poverty rate: 2.5%
Median Home Value: $ 676,900
2. Los Altos, California
Average household income: $ 235,278
Adults with at least a bachelor’s degree: 84.2%
Poverty rate: 2.8%
Median Home Value: $ 2,000,000
3. University Park, Texas
Average household income: $ 224,485
Adults with at least a bachelor’s degree: 87.8%
Poverty rate: 3.9%
Median Home Value: $ 1,295,500
4. McLean, Virginia
Average household income: $ 207,184
Adults with at least a bachelor’s degree: 83.5%
Poverty rate: 2.7%
Median Home Value: $ 1,031,200
5. Westport, Connecticut
Average household income: $ 206,466
Adults with at least a bachelor’s degree: 78.0%
Poverty rate: 4.1%
Median Home Value: $ 1,150,400
6. Wellesley, Massachusetts
Average household income: $ 197,132
Adults with at least a bachelor’s degree: 83.8%
Poverty rate: 4.4%
Median Home Value: $ 1,149,100
7. Potomac, Maryland
Average household income: $ 195,884
Adults with at least a bachelor’s degree: 80.6%
Poverty rate: 3.4%
Median Home Value: $ 893,800
8. Saratoga, California
Average household income: $ 191,677
Adults with at least a bachelor’s degree: 77.5%
Poverty rate: 4.7%
Median Home Value: $ 2,000,000
9. Lexington, Massachusetts
Average household income: $ 186,201
Adults with at least a bachelor’s degree: 84.7%
Poverty rate: 3.2%
Median Home Value: $ 889,700
10 Ridgewood, NJ
Average household income: $ 184,355
Adults with at least a bachelor’s degree: 76.0%
Poverty rate: 3.5%
Median Home Value: $ 763,300
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